AutoTrade Gold Review: Panthera Trade & Pansaka sec fraud
Despite the company going by AutoTrade Gold, it actually operates off a domain belonging to Panthera Trade Technologies.
Supposedly Panthera Trade Technologies has an “API platform dedicated to AutoTrade Gold”.
Panthera Trade Technologies claims it’s “one of the introducing brokers of LegoMarket LLC.”
LegoMarket LLC is a shell company incorporated in Saint Vincent and the Grenadines.
AutoTrade Gold licenses are sold through a third company, Pansaka.
On their website, Pansaka refers to itself as “PT. Pansaky Berdikari Bersama”.
- AutoTrade Gold affiliate registration is through Pansaka; and
- AutoTrade Gold support is provided by Panthera Trade Technologies
…it is highly probably that whoever is running AutoTrade Gold is also behind Panthera Trade Technologies and Pansaka.
Neither AutoTrade Gold, Panthera Trade Technologies or Pansaka provides company ownership information.
Pansaka’s website operates off an Indonesian domain. This suggests whoever’s behind AutoTrade Gold might have ties to Indonesia but isn’t definitive.
Panthera Trade Technologies’ website domain (“pantheratrade.live”), was privately registered on June 3rd, 2021.
Pansaka’s website domain (“pansaka.co.id”), was privately registered on December 7th, 2020.
At time of publication, Alexa ranks the US as the top source of traffic to both Panthera Trade Technologies’ and Pansaka’s websites (50% and 46% respectively).
Indonesia is the only other notable source of traffic, coming in at 38% and 44% respectively.
This does support AutoTrade Gold’s ties to Indonesia. The US traffic dominance however is unclear.
Update 10th January 2022 – A reader in the comments below has provided some insight into Pansaka’s CEO.
Dinar Wahyu Saptian Dyfrig, aka Wahyu Kenzo, is Pansaka’s CEO.
Given the close proximity of Pansaka to AutoTrade Gold and Panthera Trade, he’s assumed to ber running or involved in the running of those too.
According to Dyfrig’s social media profiles, he’s based out of Jakarta in Indonesia. This brings us full-circle. /end update
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
AutoTrade Gold’s Products
AutoTrade Gold has no retailable products or services.
Affiliates are only able to market AutoTrade Gold affiliate membership itself.
AutoTrade Gold’s Compensation Plan
AutoTrade affiliates pay a fee to access AutoTrade Gold’s trading bot.
- License 1 – pay $112 and you are able to trade with $100 to $500
- License 2 – pay $224 and you are able to trade with $100 to $5000
- License 3 – pay $560 and you are able to trade with $100 to $30,000
- License 4 – pay $2800 and you are able to trade with $100 to $1,000,000
- License 5 – pay $3920 and you are able to trade with $1,000,000 or more
Note that although USD amounts are provided, all payments within AutoTrade Gold and its associated companies are made in cryptocurrency.
The MLM side of AutoTrade Gold pays on funds traded by downline affiliates.
AutoTrade Gold Affiliate Ranks
There are five affiliate ranks within AutoTrade Gold’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Trader – sign up as an AutoTrade Gold affiliate
- Sub IB Partner – invest at least $3000, and personally recruit at least twenty affiliates who together have invested at least $30,000
- Sub IB – invest at least $7500, and personally recruit at least thirty-five affiliates who together have invested at least $75,000
- IB – invest at least $15,000, and personally recruit at least fifty affiliates who together have invested at least $150,000
- MIB – invest at least $250,000, personally recruit at least one hundred affiliates who together have invested at least $500,000, and generate a total downline of two thousand five hundred affiliates who together have invested at least $5,000,000
AutoTrade Gold pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
AutoTrade Gold caps payable unilevel team levels at four.
Referral commissions are paid as a percentage of funds invested across these four levels based on rank:
- Traders to Sub IBs earn 20% on level 1 (personally recruited affiliates) and 10% on level 2
- IBs earn 20% on level 1 and 10% on levels 2 and 3
- MIBs earn 20% on level 1 and 10% on levels 2 to 4
AutoTrade Gold affiliate membership fees also generate business volume. It is unclear whether commissions are paid out on this volume.
Joining AutoTrade Gold
AutoTrade Gold affiliate membership is tied to a $112 to $3920 license fee payment.
- License 1 – $112
- License 2 – $224
- License 3 – $560
- License 4 – $2800
- License 5 – $3920
The more paid in license fees the higher an AutoTrade Gold affiliate’s income potential.
Note that full participation in AutoTrade Gold’s income opportunity requires both a Pansaka and Panthera Trade Technologies account.
Also note that all payments within AutoTrade Gold are made in cryptocurrency.
AutoTrade Gold Conclusion
AutoTrade Gold is your typical “lulz can’t touch our money” trading bot Ponzi scheme, run through Pansaka and Panthera Trade Technologies.
You have a trading bot, supposedly trading in gold, created by persons unknown and generating an advertised 15% a month.
Needless to say anyone on the planet with a bot generating a 15% monthly return, isn’t selling you access for as little as $112.
If AutoTrade Gold was a bot actually capable of consistently generating 15% a month, whoever is running the scheme would invest and compound their way to riches.
That’s not happening for what should be obvious reasons.
AutoTrade Gold represents it generates trading revenue via “the gold market”.
Supposedly this will be expanded to cryptocurrency, oil and forex trading at some point.
No evidence of actual trading is provided (the only acceptable proof would be audited financial reports).
The basis of a “lulz can’t touch our money” Ponzi scheme is rigged trades. This creates the illusion of returns being paid to affiliates until new investment dries up.
At that point a collapse is triggered, resulting in trades universally rigged in favor of AutoTrade Gold’s admin. This process cleans out affiliate accounts.
This exit-scam is typically accompanied via a communication claiming the bot was hacked or malfunctioned.
One point of due-diligence I want to address is AutoTrade Gold feigning legitimacy through LegoMarket LLC.
LegoMarket has meaningless basic registration with the NFA. And equally meaningless registration with the Australian Securities and Investment Commission.
Both of registrations are meaningless, primarily because LegoMarket is a faceless shell company, incorporated in a red flag jurisdiction and likely with bogus details.
LegoMarket’s NFA basic registration is meaningless because it doesn’t address AutoTrade Gold being an unregistered securities offering.
LegoMarket’s ASIC registration is meaningless. No financial filings have been made and AutoTrade Gold isn’t actively soliciting investment from Australian residents.
LegoMarket is also registered as a shell company in Australia as “LEGO MARKET LLC PTY LTD”.
For the purpose of due-diligence, basic incorporation anywhere is meaningless.
With the US and Indonesia being its primary source of new investment, AutoTrade Gold and its associated companies need to be registered with financial regulators in both countries.
In the US that’s the SEC. In Indonesia securities are regulated by the Financial Services Authority.
Neither AutoTrade Gold or its associated companies are registered with the SEC or FSA, because as above it’s a “lulz can’t touch our money” Ponzi scheme.
If you want to ignore that, by not registering at a minimum AutoTrade Gold is still committing securities fraud.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Signing up to Pansaka and Panthera Trade also requires AutoTrade Gold affiliates to hand over personal information.
Send your valid ID (identity card, passport or driving license) as well as a selfie with your ID close to your face.
This additionally opens up AutoTrade Gold affiliates to identity theft.
Sending your personal information to randoms over the internet is generally a bad idea.
Sending your personal information to randoms running Ponzi schemes is asinine.