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Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Ultimate4Trading

  #5 (permalink)

Super Moderator
London UK
 
Futures Experience: Beginner
Platform: CQG
Broker/Data: S5
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 4,008 since Sep 2015
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Zxeses View Post
Whats interesting about a scam like this is where the scam is hidden.

The free trading strategy is likely a double-down binary option ploy, every time you loose, you double until your win, then your're ahead, rinse, repeat. No wonder its free right?

The real scam is: the trading market they move you to. Not a well regulated or backed binary market like Nadex, no these scammers move you into black box markets that either dont pay up when you go try to collect your wins, block you from closing your account, or just up and vanish one day like a typical ponzi scheme.

The SEC has a good PDF on the subject

https://www.sec.gov/investor/alerts/ia_binary.pdf

Thanks Zxeses I had not even bothered checking that, I simply stopped at "if someone is trying to sell me something with smoke and mirrors, why would I buy into it?".

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