A collective of more than a hundred Internet users has formed to warn against the copy-trading operations promoted by the couple of influencers Marc Blata and his wife Nadé. For several months, the couple based in Dubai has been offering its thousands of subscribers on social networks to “copy-trader”, that is to say to reproduce identically the financial positions taken by a trader. The practice can be dangerous for novices. “9 out of 10 people who have invested have lost money”, explains Jean-Baptiste Boisseau, co-founder of the “Signal-Arnaques” platform, which for 8 years has been identifying dubious commercial practices on the net.
Slim (not his first name) started following Marc Blata’s Instagram account in the fall of 2021. “I was watching his stories and every day he was talking about copy-trading”. Testimonials and screenshots of other subscribers’ winnings convinced Slim to try his luck too: the 30-something then invested 1,500 euros in installments. “I said to myself that if I could already generate a few hundred euros a month, that was not bad”. At first, Slim manages to make money, but very quickly “the trades went into the red”, he continues. In the end, Slim lost all the money he had bet.
“The principle of a copy-trading scam is to explain to you that by following the signals, that is to say the recommendations given on a daily basis by so-called professional traders, you will enrich like traders”, explains the co-founder of “Signal-Arnaques”. With the difference that “traders have a speed of action on the markets which is completely different”, continues Jean-Baptiste Boisseau.
Contacted by telephone, Nadé explains that subscribers are warned of the risks associated with copy-trading “several times”: “We are transparent, at no time have we told our subscribers that we were traders. The signals come to us from a trader. People who do copy-trading manage their own budget. The people who lose all the money in copy-trading are people who went too fast and invested all their money on a signal,” defends the influencer.
A group of people decided to take the case to court. “We have appointed a lawyer. Trading is not a game, don’t get into trading with reality TV influencers,” warns Slim.