We chose to give this product a test ahead of writing anything with regards to them. There is a whole lot of bad chatter on the internet regarding the dishonesty level of their Fx Signals service therefore we had to observe for ourselves if it was correct or not. Sad to say, it is all true. The performance stats they post, including all the trade details, are completely and totally diverse than what you might have. They are not even close. There is no denying it.
Whenever we emailed them with regards to incongruencies with the trades, they would swiftly respond "Oops, thanks we will fix this immediately" which would come from the CEO Mauro Sciaccaluga however nothing at all was ever repaired. When we requested to terminate our subscription and for a refund per their guarantee, there was no reply. Not really a huge shock. If the service is phony, so would their money back guarantee. Hopefully no one is crazy enough to buy into their Lifetime subscription offer. Life time offers are usually tip offs to scams.
Is there any way of getting our money back? Absolutely no! Because Mauro utilizes for his transaction plimus which operates in a similar way to paypal and because his product is a service, under their user agreement, they do not supply charge backs on services. If it was a product, maybe we would have better luck.
Yet another item in which we find is very dubious is their relationship with the forex broker AvaFX. Buy Forex Signals offers members a free membership to their services when you open an account with at least $500 at AvaFX. Why is this suspicious? AvaFX is a Dealing Desk Market Maker broker which means they take the other side of your trade. If you win, they lose. If you lose, they win. Consequently it is obvious to say that much like a casino in Las Vegas, they would like you to lose and how else better to do so than with the use of the losing signals you will obtain from Buyforexsignals.com. When it comes to currency trading brokers in general, it would be sensible to stay away from Dealing Desk Market Makers. They are equivalent to online gambling sites that do not want you to win. They will do everything in their power to make trading difficult for you with stop loss hunting and re-quotes. And if you are able to overcome them and turn a profit in your account, chances are they will turn up the heat and make it even more challenging till they can get you to blow out your account.
So what are the 3 lessons realized here? One, be very mindful when buying a Currency Signals service or any program for that matter utilizing Plimus, paypal or any third party service as your method of payment. Your best bet is to merely utilize your credit card directly as payment. If Paypal or Plimus is all that they make use of, then turn away. No one is that distinctive to where you need to take on the chance of losing your funds.
Second, which is more essential and will override the 1st, by no means ever shell out for a trade predicting service whether it is Forex, Stocks, Bonds, Futures or anything that is predictive unless they give a FREE TRIAL. The demo should be for a minimum of 2 weeks. If they do not provide a demo, run like heck because chances are that they have got practically nothing good to provide and they are banking on you buying into their seductive guarantees of large profits for a Month, Quarter or a Jackpot (to them) One Year subscription. Regarding scams such as these, it's not really about renewals; it is about creating that one sale. A purchase that is nothing more than a scam to take your money.
And ultimately the 3rd lesson; be cautious of Dealing Desk/Market Maker Currency Brokers. Their business model is constructed to profit via your losses. That is not a broker you need or ought to be undertaking business with, especially when they partner with unethical companies that do nothing at all but provide you with losing trades. - 42574
Whenever we emailed them with regards to incongruencies with the trades, they would swiftly respond "Oops, thanks we will fix this immediately" which would come from the CEO Mauro Sciaccaluga however nothing at all was ever repaired. When we requested to terminate our subscription and for a refund per their guarantee, there was no reply. Not really a huge shock. If the service is phony, so would their money back guarantee. Hopefully no one is crazy enough to buy into their Lifetime subscription offer. Life time offers are usually tip offs to scams.
Is there any way of getting our money back? Absolutely no! Because Mauro utilizes for his transaction plimus which operates in a similar way to paypal and because his product is a service, under their user agreement, they do not supply charge backs on services. If it was a product, maybe we would have better luck.
Yet another item in which we find is very dubious is their relationship with the forex broker AvaFX. Buy Forex Signals offers members a free membership to their services when you open an account with at least $500 at AvaFX. Why is this suspicious? AvaFX is a Dealing Desk Market Maker broker which means they take the other side of your trade. If you win, they lose. If you lose, they win. Consequently it is obvious to say that much like a casino in Las Vegas, they would like you to lose and how else better to do so than with the use of the losing signals you will obtain from Buyforexsignals.com. When it comes to currency trading brokers in general, it would be sensible to stay away from Dealing Desk Market Makers. They are equivalent to online gambling sites that do not want you to win. They will do everything in their power to make trading difficult for you with stop loss hunting and re-quotes. And if you are able to overcome them and turn a profit in your account, chances are they will turn up the heat and make it even more challenging till they can get you to blow out your account.
So what are the 3 lessons realized here? One, be very mindful when buying a Currency Signals service or any program for that matter utilizing Plimus, paypal or any third party service as your method of payment. Your best bet is to merely utilize your credit card directly as payment. If Paypal or Plimus is all that they make use of, then turn away. No one is that distinctive to where you need to take on the chance of losing your funds.
Second, which is more essential and will override the 1st, by no means ever shell out for a trade predicting service whether it is Forex, Stocks, Bonds, Futures or anything that is predictive unless they give a FREE TRIAL. The demo should be for a minimum of 2 weeks. If they do not provide a demo, run like heck because chances are that they have got practically nothing good to provide and they are banking on you buying into their seductive guarantees of large profits for a Month, Quarter or a Jackpot (to them) One Year subscription. Regarding scams such as these, it's not really about renewals; it is about creating that one sale. A purchase that is nothing more than a scam to take your money.
And ultimately the 3rd lesson; be cautious of Dealing Desk/Market Maker Currency Brokers. Their business model is constructed to profit via your losses. That is not a broker you need or ought to be undertaking business with, especially when they partner with unethical companies that do nothing at all but provide you with losing trades. - 42574
About the Author:
Day Trading scams is a blog devoted to discovering the unkown about people and companies such as Oliver Velez. Visit today to read informative articles about Greg Capra.
No comments:
Post a Comment