If someone tried to convince you to sign up for StableTrading.io and show you how they’re making so much money, you’re probably curious if it’s legitimate or a scam.
Well, first of all, great job doing your own research. StableTrading is 100% a scam and so is the brokerage they require you to sign up with named Mugan Markets. I did a full review on Mugan Markets and it’s an offshore brokerage partially owned and operated by Ed Zimbardi.
Ed Zimbardi is a career conman who has stolen well over $50,000,000 through scams just like this PAMM account. Ed and Scott Morris are friends, which I’ll explain more about later.
StableTrading is a Ponzi Scheme and Will Collapse
This will collapse sooner rather than later. All of these types of programs end the same way. I have a 100% track record in calling out scams like this one. The excuses for why the money disappeared will be one of a few things:
- “oops, the anonymous trader lost the money”
- “the broker stole the money”
- “The government overstepped their boundaries and we had to pause payments”
What Makes StableTrading.io a Scam?
I bet the person who introduced you to this scam showed you the trade records and how much money they’re making, right?
Well, the trade records are FAKE. Mugan Markets uses MT4 which can be set to a demo account and the trades can be logged in hindsight.
Also, just because the person who introduced you is “making money” doesn’t mean they will continue to make money. StableTrading is a Ponzi scheme like what Bernie Madoff ran. As soon as there aren’t enough investors coming to sustain the payouts, the scheme collapses and no one ever gets their money back.
The Broker & Ed Zimbardi
The broker, Mugan Markets, is just a rebranded version of a failed brokerage called IMGFX. You can find reviews of IMGFX and Ed Zimbardi online.
Ed was a part owner in IMGFX and also of Mugan Markets. This broker is used for people who want to create Ponzi schemes and use fake trade data. Here are a few examples of what I mean…
Ed Zimbardi PAMM accounts with IMGFX
Ed ran three different PAMM accounts using his own brokerage at IMGFX. Ed stole $34,000,000 by having people deposit money into these PAMM accounts. He claimed the traders were anonymous (sound familiar?). In all three PAMM accounts, the traders “removed the stop losses and lost all the money”. In reality, IMGFX (now Mugan Markets) had a backdoor for Ed to be able to cash out all the money. This is the same thing that will happen in StableTrading.
StableTrading Started IMMEDIATELY after Ed’s Scam Collapsed
After Ed rug pulled a $100,000,000 Ponzi scheme called CryptoProgram/AMSYS, Scott Morris launched StableTrading.io. This happened within days of the collapse. Over 10,000 people lost money in this and now Ed is recommending StableTrading to those investors.
Is this a coincidence? Well – no, obviously not. Scott and Ed are friends. Scott was one of the largest promoters of CryptoProgram/AMSYS. Scott and Ed had a meeting at Bones in Atlanta just a week before all of this happened.
Also, how is it possible it’s a coincidence if StableTrading.io is using the same brokerage owned by Ed?
Here’s what we know so far:
- StableTrading is using Ed’s Brokerage
- Scott and Ed are friends
- Scott was the 2nd largest promoter of Ed’s recent scam, CryptoProgram/AMSYS
- The brokerage is offshore and unregulated
- The “trades” are faked with MT4 hindsight data
- Everything Ed has promoted has been a scam
- Anonymous trader (the “woman” in the background)
Ponzi Scheme Red Flags of StableTrading
StableTrading.io has all of the hallmark red flags of a Ponzi scheme.
- High returns
- Consistent returns (“stable” trading)
- Lack of transparency (anonymous trader)
- Faked documentation (hindsight trade data)
- Unverifiable returns
- No SEC registration (yes, it’s required no matter what the owners try to say)
- Unlicensed sellers (your friend who introduced you)
- Showing past returns as the only “proof” it’s legit
- Little or no risk (claims by promoters)
This is exactly what all Ponzi schemes do. All of the promoters will say things like “if it’s a scam then why am I getting paid?”. Well, all Ponzi schemes pay out… until they don’t. Over 90% of people lose money in Ponzi schemes so if you’re not in the first 10% of people to get in (if you’re reading this -you wont’ be in the first 10%) then you won’t make any money. You’ll be complaining and posting online about “How do I get my money back”?
Great job reading this review and doing your own research. All promoters will tell you I’m a broke loser who doesn’t know what I’m talking about but I have a 100% success rate at calling out scams and Ponzi schemes. If I say “This is a scam” then it is most certainly a scam. This is probably the most obvious scam I’ve covered. Good luck!