AionNext (aionnext.com) is a relatively new cryptocurrency trading operation. As you will see below, there are several things about it which do not add up. In this review, we shall try to find out who runs this operation and we shall take a closer look at the above mentioned red flags.
What is AionNext?
As said above, not much about this operation adds up…and that goes for the actual definition of what it is that it does, too. At first glance, AionNext seems to be some type of a cryptocurrency exchange, which lets traders purchase and trade a selection of cryptos, covering bitcoin, Ethereum, Litecoin and Dash. The site also offers some type of a High Frequency Trading-focused automated trader, which is allegedly capable of success rates of 87%.
To top it all off, the Ainonnext homepage also boasts some sort of mining capabilities, which take advantage of some type of algorithmic mining technology that will somehow “ensure the best cryptocurrency trading profits” for AionNext clients. Not only does all this not make any sense, there’s no proof provided for any of these claims, in any shape or form, anywhere at the site.
The cherry on the cake is an alleged wallet service, also offered by AionNext, about which not much is shared, beyond the fact that it makes use of an “offline Coin Vault.”
Should I Trust AionNext?
Based on what we’re about to discuss below, the answer to that question would have to be no.
Red Flags and Question Marks
Where to begin? Although professional-looking at first glance, the AionNext website – including its homepage – is nothing more than a haphazardly tossed-together, sophomoric attempt at creating some sort of cryptocurrency-focused content. Not only is the grammar simply atrocious, words are misspelled (Ethereum is actually called “Eterium”), and some paragraphs make no sense whatsoever. They look more like the rumblings of a diseased mind, rather than the simple, informative copy one would expect from a professionally run operation.
Why is all this important? Ask yourself this: have you ever seen a legitimate, reputable and serious operation of the type AionNext is trying to portray itself as, which featured such atrocious webpage copy?
This is just the tip of the AionNext red flag iceberg though. The auto trader that they offer is supposedly AI and machine-learning based, and that’s always a giant red flag in our book, especially when it comes with no technical details or any sort of proof of technology. This AI auto-trading lie has been used and re-used so many times by the scam industry, its presence has become little more than a bad joke for most experienced scam reviewers. The signals offered by AionNext claim a success-rate of 87%, which is a bit too-good-to-be-true as well.
The About Us page of the site offers absolutely no information on who runs this business. In this day and age, and in an industry so riddled with scams of all types, providing a proper look at the corporate entity and people behind a project, should be a bare minimum requirement.
The site claims that AionNext has been an industry-leading Forex brokerage since 2000. That is a bit far-fetched indeed, given how there’s almost no information about the operation available out there. The web domain on which it is currently hosted, was created in July 2017, and the name of the registrant is private. The site has been registered from Panama: not exactly the most trustworthy jurisdiction, when it comes to peddling crypto currency auto-trading.
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While the operation claims to observe proper AML and KYC policies, its policies regarding withdrawals can only be described as a train wreck. When someone tells you that “The account must be traded before the principal withdrawal is permitted”, you should indeed think twice about making a deposit there. Also, there are strict, 3-month, 6-month and even 12-month withdrawal restrictions on the various trading accounts offered by AionNext. They feature HFT accounts, PAMM ones and fully automated high-speed crypto accounts, for which the withdrawal restriction is set to 12 months. Essentially, no matter which account you sign up for, you will have your funds locked up for a minimum of 3, and a maximum of 12 months.
Despite the fact that almost no information is provided about the people behind the operation, we’ve done our homework and came up with a possible lead in this regard. Let us first see what we do know though. According to the site, the company behind AionNext is one called Digital Hestia Ltd. based in the Marshall Islands. The street address is Ajeltake Road, and there is no house/apartment number provided. Interestingly, but unsurprisingly, the internet does not seem to know anything about this Digital Hestia Ltd. The contact phone number provided is +442038689927.
We’ve managed to find a businesswire.com press release about AionNext, which features faulty grammar, similar to the webpage copy, and which describes the operation, linking to its website, and reiterating the claim that the brokerage was founded in 2000.
This press release is dated September 26, 2017 – which fits the above discussed domain registration data nicely. At the bottom, there’s a name given under the Contacts heading: Frederick Marshall. The phone number provided for Mr. Marshall is the same as the above one.
Who is Frederick Marshall? He seems to be an online trading guru, specializing in various auto-trading solutions. We have no idea if he is indeed the real deal that he claims to be. What we do know though is that he peddles a massive variety of deals, at least one of which claims to make him $80 per hour, through his cell phone, while he is at the beach.
Given the actual age of the operation (which is likely 4 months) and the unconvincing nature of its pitch, it is safe to assume not many people have registered with it. As such, there’s no actual user feedback available either.
As of November 16, 2017, aionnext.com was not a very popular site. Their global SimilarWeb rank was 1,617,793 and much of their traffic came from Belarus.
AionNext’s Response to this Review
In general the entire review is based on a conspiracy theory rather than pure facts. AionNext is a “New” and highly financially backed Crypto currency trading platform. Our motto is to provide our traders with a professional and user friendly trading experience and constantly improve our technology. As for now AionNext is in a continuous growth as its fueled on:
A. Investor money. Money which was crowd-funded for AionNext establishment.
B. Commissions structure. AionNext charges a small commission for each and every trade a client is taking on our platform.
AionNext Review Conclusion
While we cannot call AionNext a straight-up scam, we have to call it very suspicious indeed. This operation rings all sorts of alarm bells and raises a variety of red flags as detailed above. We would keep our currency – fiat or crypto – well away from it.
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