Meme Club Review – Scam or Trustable Broker?

As of May 2023, the broker (Memeclub.io) has ceased operations. But you can read the article to avoid falling for similar scammers.

Is Meme Club Crypto Trading Scam for To Avoid?

Memeclub Limited, a UK-incorporated company, is believed to be the owner of Broker Meme Club. Our research revealed that Boris CEO was a Russian Ponzi scheme runner. Our claim is further supported by the unusual Eastern European accent of Patrick Meier, the alleged owner.

If the company was actually located in the UK, Meme Club would have to register it with the UK FCA. This regulator does not supervise MLM securities fraud and is therefore a great place to set up the system.

Meme Club claims to be a crypto brokerage that sells meme coins at the lowest price. It’s a scam website that lures people into fraud. Be cautious.

Why is a trading license important?

A license is required for any trading company. This will ensure that your funds are not stolen and the broker doesn’t simply shut down the domain. The license ensures the company’s solvency and provides a variety of safety measures such as negative balance protection and leverage limit. It also guarantees that your money will be kept in separate accounts.

ESMA rules require that brokers who are able to accept EEA residents as clients must be open about their trading conditions and give sufficient information. Meme Club, on the contrary, offers no guarantees.

Where do Meme Club Scam Victims live?

SimilarWeb data shows that the Meme Club trading fraud was primarily in:

• France
• US
• Canada
• Argentina
• Germany
• UK

In the last month, almost 80,000 people visited the website. 62% of those visitors were from France. Since May 2022, the domain has been in operation and has generated more than 70K new clients each month. This is a common fraud and we need your help to get regulators to stop it.

Meme Club Account Manager- Boiler Room Agents

Account managers are responsible for making sure the Meme Club scam remains active. These boiler room agents use every tool at their disposal to convince clients to invest. They promise returns and guarantee profits.

They will make you deposit as much money as you can on the spot. They will then show you fake trading results from fictitious clients that allegedly made millions. You must also invest more if you want the opportunity to become one of these people. They will pressure you to sell until you are broke.

They will then ask you to pay nonexistent withdrawal fees, and then disappear. Legal assistance may be required to get your money back, as the company’s information is not correct.

Meme Club Trading Software

After signing up, we decided to test Meme Club’s trading platform. The brokerage requires that you make a deposit before you can gain access to the trading platform.

We were reluctant to invest in this fake company so we tried tutorials and videos. We were again dissuaded by the video that didn’t work and the tutorial which provided no information about trading software.

The broker does not offer access to third-party platforms such as MT4,MT5, or CTrader that have earned the reputation for being a prominent investment software.

Mobile Trading App – iOS & Android Trading

A photo of mobile trading is displayed on the website. There are no links to iOS or Android apps. We cannot therefore guarantee that Meme Club logins are possible via an app, or that access will be granted to any platform.

What trading assets does MemeClub.io offer?

Meme Club only offers one trading asset, cryptocurrencies. Meme Club’s reputation was built on the sale of meme coins such as Shiba Inu and Dogecoin. They also claim to be able to create their own $MEME currency. This coin is said to be built on Ethereum or Binance Smart Chain, and offer various rewards.

This coin had no market value at the time of writing. It could be interpreted as a lure. The currency is worthless, so users are not earning any income. We are skeptical that this coin will ever be traded publicly or exist given the platform’s performance thus far.

Comparison of Investment Plans – What is the Difference?

There are three investment plans available from Meme Club:

• Basic $100 – 0.75% Daily ROI
• Pro – $501 – 11% Daily ROI
• Ultimate – $5,001 + 1.2% daily ROI

While the firm claims that returns are guaranteed, fine print states that results may fluctuate depending on Futures Trading Results or the bot you use.

We offer nine levels of Career Plans in addition to Investment Plans. Each level rewards ten clients at the top. Here’s how the compensation looks:

• Level 9 – 0.5% investment
• Level 8 – 1%
• Level 7 – 2%
• Level 6- 5$
• Level 5 – 10%
• Level 4 – 12.5%
• Level 3- 25%
• Level 2 – 50%
• Level 1 – 100%

You can earn more bonuses the higher your rank, which range from $250,000 for the 10th rank up to $0 the first rank.

Meme Club Deposit Methods: How to Deposit?

Three payment options are accepted by the company:

• Wire transfer
• Cryptocurrencies
• Perfect Money

These are not subject to chargeback. This means that retrieving funds can be quite difficult if you get scammed. Meme Club requires a minimum deposit of $100. However, you will be constantly urged to deposit more.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Meme Club: Video

Below you will find a short video about Meme Club. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Meme Club!