Ever since his film debut in “The Hangover,” possibilities seemed endless for heavyweight boxing champion Mike Tyson. The Brooklyn-born celebrity has served jail time and filed for bankruptcy despite having receiving more than $300 million during his boxing career. Tyson, ranked No. 1 in the ESPN list of “The Hardest Hitters in Heavyweight History” has now thrown his support behind trading software company Trade12.
The fintech platform quotes Iron Mike on their website: “When you fight, you have to know what and who to trust! Same goes for life, same goes for trade.”
Trade12 on Authority’s Warnings List
Trade12, which touts itself as an international brokerage brand, boasts a “fast, simple and safe” alternative to traditional trading platforms. Aside from offering a “feature-rich and accessible trading platforms and technologies,” Trade12 says it can help clients with “free trading education through video tutorials, daily market updates, learning materials and other interactive features.”
Tyson, know for his controversial behavior both inside and outside the ring, may be the perfect representative for a forex broker alleged by many to be a scam operation. Sky Sports deemed Tyson as “the scariest boxer ever” and “perhaps the most ferocious fighter to step into a professional ring.” Many are finding Tyson’s support of the platform as just another reason to steer clear of the firm.
The trading platform, owned and operated by Exo Capital Markets Limited and Global Fin Services Ltd. recently received a warning from Canadian securities regulator the British Columbia Securities Commission (BCSC), reports Leap Rate. The BCSC has added the MT4 forex broker it to its Investment Caution List. According to the BCSC, Trade12 indicates it is based out of Estonia, and offers an online forex, gold, silver, oil and stock index futures trading platform.
Legit or Scam?
A recent article by New Zealand-based Newshub titled “The Mike Tyson-linked company behind your weird calls from Canada” reported a spike in calls from various Toronto-based numbers from Trade12, the Tyson-backed “online trading company” that claims to have a long list of international clients including many New Zealanders and Australians. The news source said many of those contacted said their caller knew detailed personal information about them, while many received “follow-up” emails sent to their personal email addresses.
With a quick Google search, one comes across polarized reviews either praising the platform or warning that the operation is a scam.
Whether or not Trade12 is the real deal, and how the platform managed to score a celebrity endorsement from “The Baddest Man on the Planet,” is still up in the air.