Received a postcard which referred me to the website. These folks promise that you'll make a MINIMUM of $500.00 per day trading the 4X Market, if you send them $295.00 and sign a contract which entitles them to 10% of your earnings for a period of 3 years. It all sounds fine and dandy but they say they are going to open 2 trading accounts in your name with $200.00 of these funds and the only type of payment that they will accept is cash or cashier's check. I've traded the 4X Market for several years and with the leverage involved in a 4X account (Margin Account) and the volitlity of this market you will SURELY have this small acount liquidated within the first couple of trades. Even if they are as good as they say they are (70% Winning Trades) all that would have to occur for liquidation is for your trade to go a few pips against you.
They SAY they have a 100% Satisfaction Gaurantee but how would one go about enforsing this when they are out of the country and you have paid with liquid funds.
I am not sure if this outfit is a ripoff or not... It just seems to me that a legitimate business would accept credit cards, Pay-Pal or some other form of payment where the consumer had recourse.
If anyone has heard about this company, had expeience with them (positive or negative) or would mind taking a look at thier website and offer feedback, I would greatly appreciate it!!!
It appears to me that they are going to take your money and run!!! I've done direct mail advertising myself and if this company mailed out 250,000 postcards and got a 1.5% positive return, they stand a chance to make a quick $1,000, 000.00 PROFIT from the mailing...
It just sounds sort'a "FISHY" and smells the same!!!
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