Avoid Aevum Trading. Suspicious Practices
1. Misleading Advertising:
Nowhere was it made clear that to access the "free signals," you would need to sign up with new accounts using their affiliate links. That's all this is—an affiliate scheme. They get you to sign up through their links, and when you use their signals, they earn 70% of the commission fees on each trade.
Additionally, the 'caller' (under the name Emil on discord) for the trades has publicly stated on a Discord server that the +150% in 7 days is not a standard result. Yet, this figure is used prominently in their advertising, with claims like:
"This kind of performance is something we achieve here at Aevum. 2.5x portfolio size in 1 week. With this kind of performance, you would turn $100 into $152,000 in 2 months."
(Source: their Twitter, @AevumTrading)
If these returns aren’t standard, why are they using them as a basis for future performance predictions? This was during a time when XRP experienced significant price increases, and though this is speculative, to me i believe it's likely that these profits came from a paper trading account that was heavily reliant on XRP, given that the majority of proofs have just been the XRP chart lol. Crypto is not difficult to profit from during such times, especially with paper trading.
2. Suspicious Signals Disclaimer:
In their disclaimer, they state:
"Aevum Trading’s team members, employees, and volunteers may engage in trading and investment activities independently and at their own discretion. They are not required to act on, buy, or sell any investment opportunities shared on our platform."
Why would they even need to include this? It directly implies they don’t trust all of their own signals. If the team doesn’t trust the signals enough to act on them, why should users? This raises serious doubts about the quality and reliability of the service.
3. (potentially) Fake reviews:
Their website presents 3 reviews. One from Elias, one from Legend, and one from Melvin. Of which Elias within the first few hours of the Aevum discord being up, they had VIP. It seems highly unlikely someone would purchase it that quickly, so it's highly likely in my opinion they're friends with the team. Additionally, Emil has publicly shared the original messages for these reviews, two of which were written within 4 hours of eachother, these were also written a day before the service even existed. If the service is truly so good, why does it need (potentially) fake reviews to appear credible?
On top of this, the faces in the reviews were found to be fake. A reverse image search revealed that the photos were associated with different names. When confronted, Emil (the caller and owner) justified it by saying, "That picture is not him" and admitted, "Youre right the picture we used on our 2 day old unfinished website is not the elias that we promoted" However, after this discovery, they promptly switched all the photos to AI generated faces to prevent them from being reverse image searched. Each of these new photos has "StyleGAN2" marked in the bottom right corner, revealing they were created using an AI face generator.
I would strongly advise against using this service.