April 21, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
Based on information gathered by the Commission, MY PROFIT ROBOT (MPR) is engaged in UNAUTHORIZED investment-taking activities in the Philippines.
MPR claims that it is a unique trading robot that automatically trades your crypto currencies 24/7 at some exchanges using BXTCoins and PROPERTY ARBITRAGE as their trading platforms. It further claims that it is involved in the buying and selling of crypto currencies over several markets in order to make a profit from small to massive price differences across different markets.
As posted online, MPR claims that it is a profitable robot having profitable gains with an average daily profit of 1% per day or 365% per annum. To earn, you will need to purchase their MPR for Two Hundred Dollars (US$200.00) or its equivalent in Philippine Currency for a 6-month license, then you will have to make a deposit of bitcoin in your BXT wallet, after which they will do the trade for you.
To illustrate, your initial investment of Five Thousand Pesos (Php5,000.00) will yield a...
