LineGate Review: A Ponzi Scheme That Camouflages As A Binary Options Platform

LineGate platform review by IdeasDome

Summary: Linegate platform also known as 2link (see the websites here and here) brands itself as an Automated Online Trading System. Everything about the platform looks shady and dodgy. No one should join these platforms. IdeasDome LineGate review below explains why.

About LineGate

No one knows when Linegate platform was created because the founders curiously have hidden this information from the general public. That is a major red flag for me because only scam platforms will hide basic information about themselves. From what I could tell, LineGate.myoption.net servers are in Russia. That could indicate the founders are there too. The website has become fairly popular recently judging by the traffic it generates. LineGate is popular in Cuba (highest traffic source), Serbia, and Iran. Nepal is fourth on the list.

The founders of this potential scam are not known.

See my list of recommended platforms here

How LineGate Operates

LineGate pretends to be a legit binary options broker but all signs indicate it is an illegal Ponzi scam. The platform’s sources of revenue are referrals and ads which are everywhere on the LineGate website.

LineGate claims you can join the platform for free and earn up to $25 as a signup bonus but it’s not giving you the complete picture.

How?

Upon signup, you get the $25 bonus but you cannot withdraw it. The minimum payout is $90 which is quite impossible to attain in the Basic plan which is your first LineGate level. So you see it’s not exactly free to join as it claims. You will need to upgrade to a Silver or Gold plan to make profits.

Note of Warning

You must invite people to the platform before you make any profits. The Silver plan mandates you to refer 10 new persons to the platform while the Gold plan will require 30 referrals.

This is an obvious Ponzi style structure. No legit trading platform will require referrals to make profits.

Moving on

Upon signing in to the LineGate platform, you will be presented with a list of currency pairs to pick from…Lol. It all looks fake. Anyway, once you select a currency pair you will need to enter the trading amount. It could be as little as $1. Then you’d be asked to pick one of their fake traders. Don’t be fooled, none of these traders exist or are doing any trading.

The platform claims to have nearly 100,000 users. Again, this cannot be verified and it’s most likely false. But even if it’s true, it will be unwise to join this Ponzi scheme. Why should you trust a platform that is secretive about everything? Its founding date, its founders, etc.

Other red flags

    • The testimonial section is generic.
    • Fake claims: LineGate claims its users earn $1000 per month. No real trading platform can accurately make such promises especially in the crashing markets of today. LineGate/2Link platform is a Ponzi scheme

      • LineGate is not a registered trading company. It doesn’t even bother to claim to be like the other scam platforms who fake trading licenses. LineGate is not a licensed broker. Come to think of it, this should have been the first red flag for any investors.

In my experience, having no trading license typically means ‘run away from this platform’.

Conclusion: You will lose your funds if you invest in this illegal scheme. This has been a LineGate platform review.

Got thoughts? I’d love to hear from you in the comment section below

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38 Comments

  1. Thanks, invaluable info. A friend was curious and asked if l could research linegate and then l found your site

    1. Great post, here is an update to this review.

      1. They actually make there money through advertising and selling private data to hackers.
      2. They won’t pay you because they don’t have the money.
      3. Users are made to view their adverts16 X 4 times a day by simply giving them false hopes of binary trading.
      4. Most people use the same password for their emails to register on most websites. Most of these Emails contain sensitive data or are linked to their credit cards and banks for things like Credit/Debit Alerts, One Time Passwords/ SafeTokens, Logins to Internet Banking Platforms, PayPal and other important services. They can use these emails to reset password to Facebook, Twitter and other Social Media and also to reset and gain access to your banking and payment system.
      They just sell your email and password along with your credit card info to hackers.

      5. I signed up ignorantly using my email. And a week later someone tried to access my Gmail but luckily my Gmail has Login with phone enabled, and two factor verification. So it was blocked, now I’m receiving password reset mails for my Facebook, PayPal, Twitter and my Master Card is receiving SafeTokens and One-time Password to confirm purchases I didn’t and cannot make, and these OTPs are all sent to my email. This morning I had to change my email password because someone has attempted to reset my password severally today already and when I viewed the location, the logins and passwords reset request where coming from Ukraine, Russia and Malaysian IP addresses.

      This is just me, and am feeling sorry for the people I’ve referred, now I’m calling all of them to reset thier email password. Funny enough, I’ve called 6 people and 5 of them used the same password for thier email to register and this is their primary Email.

      6. Their Support Emails is fake, mails don’t deliver

      7. They use their Payments Option to harvest your Master/Visa Card number and your PayPal email, once it matches with the email you registered with, you are a prime target. The Withdrawal request stays on pending and you can’t do anything about it. And while you are waiting for the claimed manual ppl processing between 15th to 28th of every month they are busy working on your data.

      8. These guys use their referral system to harvest more victims.

      9. Even if you think you are not at risk, the people you refer maybe.

      Exactly what I just published for linegate.myoption.net goes for their other system run by same people…
      youoption.net and Red.youoption.net

      And same system and method of grand theft is used by wiredbucks.com

      I’ve tested them all, they are not just Scammers, they are Pro thieves and organized criminals.

      1. Thanks for this comprehensive update buddy. We are so sorry you had to go through this. You can report other suspected scams to us by contacting us on telegram – @IdeasDome

  2. Thanks for your infomation for it will be of help. I have been trading with them, upgraded to silver and yet, could not still withdraw the money i have in the account, after so many trials. I still have $100 pending since last 3months. I now understand, they are scams.
    Thanks.

  3. Thanks so very much for this eye opening information ..I was referred by a friend who later told me he is not interested any more that they have refused to pay more than 5 peppl he knows …am putting a stop to it right away …thanks very much

  4. I wish I have read about this investment before signing up, just yesterday I withdraw untill now is still pending, what a waste of time

  5. I have joined for free and could upgraded also free with work and persistence. But when I asked for withdrawal, I got nothing!!!
    Thanks for review and comments.

  6. My brothers, thank you all. I have requested payment for over 2 weeks now and it is still maintaining a status of pending. I have sent emails severally to their support mail and no response was recorded. There is not even a phone contact to reach out to. They are real scams.

  7. My money have been pending since last month and I’m still trading so I’m scared not be disappointed again this month cause the money still pending

  8. Damn I put my hope in this shit. I’m so heartbroken 💔💔 I’m not financially okay I thought I could make money via it 😓

  9. This is the fake website i withdraw my 100$ in skrill account but here is no transtaion i much disappointed from this website.

  10. I registered last month and make withdrawal but to my greatest surprise no payment received till this month again I request for another withdrawal is still in pending status now I know linegate and others partners are scammer. Thanks for those people who make us to see their secret and hide out here.

  11. Thank you very much. The is really a scam. The unfortunate thing is that I have refereed so many people that trust and respect me. Ahhhhh this is really unfortunate.

  12. I have been doing in since last year September and up till now the money have pending and yet to release

  13. Abeg which platform person fit use make money apart from so call linegate ..
    Am tired of being scam same thing goes to efx..d scame me of about 20k and crpta too Dem scam me of about 20k too please epp s bro with a legit platform..

  14. I just started last week and i reffered my sister to it but now the story have change. God will punish them all.

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