MTI's previous broker, FXChoice, confirmed that no AI trading took place from their account during the time that MTI was a client; instead, manual trades were made, which incurred substantial losses. MTI's account was subsequently closed by FXChoice due to non-compliance.

MTI claimed that they have moved to a new broker, but refused to identify the new broker to their members or the public.

This stance was changed recently, and Trade300 was given to the FSCA as the new broker for MTI. At the time that the FSCA investigated, the site was under maintenance.

5 days after Johann Steynberg was reported missing, the site was given a login page, and a product page. Two days later, the site was redirected to the MaxtraTech server MTI.

It's was widely believed that Trade300 was a fictitious broker, created by either Johann Steynberg, or other members of the MTI management. This supports the claims that there never was any trading that took place and that there was no AI bot The original site can be downloaded here - trade300.com ZIP file.