USI Tech, a Dubai-based company offering a trading robot for bitcoin and forex transactions, is experiencing withdrawal issues since the start of 2018. So far, complaints from its investors are brewing and continually growing. USI Tech’s previous claims that users can easily withdraw their investment funds each day is no longer applicable or possible. Whether USI Tech currently has liquidity issues or legal issues preventing them from giving back investors’ money, no one knows.
Prior to their current problems, USI Tech’s earlier claims on their site promising “smaller” investors “success” in the bitcoin market, portfolio growth each day, 35% referral commissions via a 12-tier program, and affiliate kickbacks sounded too-good-to-be-true. Now, these claims appear to be impossible to be true at all.
The Ontario Securities Commission (OSC) previously warned investors of USI Tech’s MLM-like bitcoin scheme. It also announced that USI Tech, including its promoters Eleanor Parker and Casy Combden, is not licensed to offer financial services in Ontario or sell securities. Thus OSC’s issuance of a temporary cease trade order on USI Tech halting any and all of its securities trading. The same order has been issued to USI Tech by Saskatchewan’s Financial and Consumer Affairs Authority. Additionally, the securities commissions of New Brunswick, Manitoba, British Columbia, Nova Scotia have all issued alerts to investors with regards to USI Tech.
The most recent comments in Reddit show that one user was able to withdraw the balance in his or her USI Tech’s account a month ago. However, another user claimed that people “(have) been getting all their daily payouts.” Another commenter replied that the daily payouts “..is just the number in the USI-TECH Dashboard. I want to see the real withdraw bitcoin from USI-TECH to your bitcoin wallet.” Another user stated that the wallet is not visible on his/her account: “..the button that let’s me see my wallet is missing as of today!” Currently, the company has yet to address its withdrawal issues or provide a solid solution to its worried investors.