Mid july I was unexpectedly called by a seller hired by Stellar Forex Consulting Group. They had my name, phone number and adress after I bought a forex expert adviser (EA or robot). It didn't work, so I demanded a refund. The adresses and information of people who do that are most probably sold to Stellar Forex Consulting Group, because the information is then useless for the merchant of the robot, but a highly targeted leed for companies like Stellar Forex Consulting Group (interested in forex trading, yet not satisfied by the robot).
They told me that they needed testimonials for their web site, and that maybe I would be interested in doing that for them if they taught me how to trade successfully in the forex market.
I thought that this was a great deal, and consented to the proposal. I thought that I would get it for free, - this was actually told to me, - I would not have to use any of my own money they said, which was a very nice sugaring of the cake. Full education to become a trader without expenses, - just to write them a testimonial, - that was a nice deal. They would like to get only the true story, - no lies and no half truths. This made it more trustworthy.
I was called later (mid september), as summer holliday was about to start the first time they called, and a forex education was no good idea during this period, as I would not have access to the internet, and because I needed to rest.
The same well oiled sales person called back mid september, and asked if I was still interested. I was a little cooler about this at that time, but was talked into having a talk with his senior, - the head of the company (mr Wade Knight). He was very nice and understanding, and I started to trust him, as he confirmed the story I had been told in july.
I started to feel a little uneasy when he asked for my credit card information, as I had been told that I was not expected to pay anything, and especially not from my own pocket. He continued, and told me that that was true, and that this was the art of leveraging the money; use others money (card companys money), make profit with them, and pay back out of profit and not out of pocket. That sounded good (they had that deep confidence in their ability to make me prosper in the market), so I gave him my credit card, after he had analysed my financial situation thoroughly, and promised to make me an expert in the forex market, and to enable me to trade profitably. He asked me to fund my forex account with my credit card also, based on the same arguments (luckily I didn't!). He promised to continue educating me until I had a system that worked, even if it took him ages to do that. Either I became an expert trader, or we would both be dead as he worded it, and he concluded his promises by saying that "none have died yet".
We wrote a contract which would not be possible to void after three days. This is probably as unlawful a contract in the US as it is in Norway where I live.
I was told to write down my goals for this education, in as great detail as possible. I did, and sent it to him (Wade Knight). He promised to always be available to me if something went wrong, if the chemistry between me and my coach was not good and so on and so forth, and if I didn't get it to the degree of being able to make a change of carreer on the basis of this education.
That was the last time I heared from him. His e-mail adress ([email protected]) started to bounce, and I had to contact the company from the back office at their web site (www.stellarforexconsulting.com), which I did on several occations.
I had a username and a password for his web site, and I entered. The first thing I saw was an article about robots, and that they were all scam, - even the robot that I had used, and that pussled me a little, as they (Stellar Forex Consulting Group) sell more than 4000 such robots each and every week. That had been told to me by the seller. I felt uneasy, and sent them a note from the back office, and asked what they had done with their conscience and their ethics. No answer to that one.
I got my appointments, and I tried out all the strategies I was taught with extremely depressing results. I had all their secrets, yet I was unable to trade profitably. That was when I started to loose my self confidence. I thought, and I read, and I practiced, and I grew more and more depressed and desperate, and I thought that I must be an idiot, since they trade profitably with this knowledge and these techniques, yet I couldn't.
I didn't understand how to trade profitably, so in desperation, and after having received more than half of the education, I asked for a new coach. I had the feeling that my coach didn't know a thing about my goals for the education that I had sent to Wade, and which he promised to help me to achieve as soon as possible, nor about the fact that I had been trading live (with very small amounts of money) for about half a year.
I got a new coach (Steve) with whom I went along quite well. He was a good teacher, but what he gave me were techniques that would have been useful if I started to have positive trades, but this premise was not fulfilled, so his information was also useless to me.
I finished the education, and I felt a psychological pain that I am unable to describe, and with a self confidence the size of a peanut, I started to understand that I had been conned, and I started to understand that it was impossible to trade successfully, even from a theoretical standpoint, with their their system.
I wrote to Wade from the back office and asked for a refund, as I felt very disappointed, and they had charged 3600$ for the education, so it was no small amount of money for me.
He never replied to the mail. I wrote another mail to him, and told that I would demand a charge back through the card company if I didn't receive a refund, and if he didn't respond to my mail.
Still no answer, and I asked the card company to perform a charge back, which they did.
The 3600$ were almost instantly taken back by Stellar Forex Consulting Group, and I was notified by the card company.
I wrote my final mail to Wade from the back office, promising him to follow this case by all means and resources until the money was refunded in full. Still no answer.
I am now writing this to warn people who are called by representatives of Stellar Forex Consulting Group, and to possibly get help from lawyers and other resourceful persons in America to get my money back, and to stop these unethical con men from creating unhappiness and despair in the lives of more people.
What makes this a little confusing is that Stellar Forex Consulting Group coaches do know how to trade, - they just don't teach you how, and I am very confused as to why they do it this way. They could easily have given me at least one technique that could work for me, but they didn't. Why? Maybe to make me more dependent on them and their continued education, and of course more payments and more expenses.
Anyway, - stay away from Stellar Forex Consulting Group, - they are as unethical and deceitful as anyone can be, and you will not become an expert trader by following their teaching and techniques. On the contrary, you will most probably feel very lousy and maybe even feel that the glue in your structure is yielding to the pressure of the internal conflicts that such an experience will initiate in you. And you will most likely loose the money in your forex account, adding more despair to you.
I have later bought several systems of education for 97$ that make me successful in the forex market, so charging 3600$ or more for their courses is outrageous and ridiculous.
It is also part of the story that I told Wade Knight in one of my mails that I would be unable to give him a testimonial. He could very well get one, but I would, according to our contract and deal, write only the truth. I took for granted that he was not interested. No answer.
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