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Please be weary of Ninjacators LLC and their empty promises


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Please be weary of Ninjacators LLC and their empty promises

  #1 (permalink)
daris
Singapore.Singapore
 
Posts: 8 since Sep 2021
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Dear, NexusFi members & fellow users,

I am sharing my bad experience with Ninjacators LLC. Please don’t fall into their trap and purchase their expensive automated trading system.

I purchased the automated trading system, Robot Lab, from Ninjacator on 31 Mar 2023 because there was a guarantee that if within 3 months there were no profits or didn’t make the amount purchased, I could
get a refund with no hassle, no questions asked and no forms to fill out. An email from their staff Mr.Chris Donielson clearly stated that the guarantee would honor their words and a full refund of the purchase price of the product of $4997.
This guarantee was also mentioned by Christian Bose during his webinar presentation.

I only purchased the system because there was a guarantee, and they made it so convincing that using their system would make back the purchased price within 3 months of use.
I started to use the system on a live account and after 3 months it didn’t perform to expectation. I wrote to Mr. Chris Donielson, and he told me to try it out again as it was a huge mistake to return it
at that moment and he also requested I ask Ninjacator staff to check my system and try to improve it.
But again, after some time the system has not provided any positive results.

When I wrote in for a refund, they asked me to produce several documents even though they had said no questions asked, I have provided all except one which I was unable to and that’s the trade
performance records. I was unable to produce that because Ninjatrader support told me that the records would only be retained in the NT8 platform for 3 months. I shared that email from NT
support to Ninjacators yet they don’t accept it. I assume they knew about this that’s why they asked me to continue further.

Now they are saying I am on a one-year guarantee and not 3 months guarantee.

This Mr.Chris Donielson is also not replying to my emails, in fact his last email he said he had stepped away but his photo I still on their website.

One of the staff Abigail mentioned I had submitted 3 months of records and when I showed them that email their staff acknowledged my records, but they are not addressing this at all.

I told them that two Ninjacator’s support did a remote in my NT8 esp. they were the ones to install the setup in my NT8 which is running on a VPS that was also recommended by them. And the
the second remote session was when Mr. Chris asked me to get their support to take a look at the setups.

They can even now accuse me of insulting them when I didn’t at all. I replied asking them to please show me where I had insulted them and that everything, I had said was facts, and they stopped
replying.

They also now are saying that even if it's one year or 3 months guarantee, the trade performance records must be produced.
When I questioned them their guarantee had never asked for any records, and they were also not addressing the issue.

Two of their staff had suggested I try the strategy on manual trading which I refused and told them that I purchased the system for auto trades and not manual trading.

I believe I am not alone in the dispute about their guarantee and would like to get back my refund which they are holding back.

I have lodged my complaint with the Better Business Bureau and also the FTC OIG organizations in the US.

Please, please be weary of Ninjacators LLC and their empty promises.

Thank you.

Daris Raveedranathan

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  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
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Thanks for sharing your experience.

I want to be clear on the money back guarantee front. Do you have evidence they claimed a money back guarantee that they later are not honoring?

When you confronted them about that evidence and demanded your money back, since they said "no questions asked", what was their response?

Mike



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  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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I have messaged Ninjacators directly to ensure they honor any money back guarantee.

Ninjacators was previously a site sponsor, and we hold our sponsors to the highest standards and expect them to be industry leaders.

Ninjacators is no longer a sponsor, but I still expect them to honor all refund requests.

I have sent an email to them just now making them aware of this thread.

Mike



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  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Did you say you paid them $5,000? Was it paid by wire, ach or credit card?



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  #5 (permalink)
daris
Singapore.Singapore
 
Posts: 8 since Sep 2021
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Hi Big Mike,

Thank you very much for your assistance in looking into my post and taking a step further by informing Ninjacators.

I sincerely hope Ninjacators will take responsibility and honor their words.

I am greatly appreciative of the efforts you have made despite not knowing me at all.

Kudos to you and your team.

Kind Regards.

Yours sincerely


Daris

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  #6 (permalink)
daris
Singapore.Singapore
 
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I paid for the cost of the Robot Lab USD 4997. I wired them the money. I have the wired records.

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  #7 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,464 since Jun 2009
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Thanks Received: 101,662


daris View Post
I paid for the cost of the Robot Lab USD 4997. I wired them the money. I have the wired records.

Wires are impossible to reverse as fraud. Always pay with a credit card!

You will have to rely solely on Ninjacators honoring their word.

Let's see what they say.

I'm curious to know if other people are in the same boat as you... Or if other people have only positive experiences. Either way, I encourage everyone to share.

Sent using the NexusFi mobile app



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  #8 (permalink)
 kevinkdog   is a Vendor
 
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Big Mike View Post
Wires are impossible to reverse as fraud. Always pay with a credit card!

You will have to rely solely on Ninjacators honoring their word.

Let's see what they say.

I'm curious to know if other people are in the same boat as you... Or if other people have only positive experiences. Either way, I encourage everyone to share.

Sent using the NexusFi mobile app

I have heard some credit cards will not consider a chargeback more than 2 months from transaction date... Don't know which banks might do this, I don't know if it is inductry norm. I think Paypal allows 6 months buyer's protection.

It would be a good idea to make sure any guarantee is within the chargeback window - before you purchase.

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  #9 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,464 since Jun 2009
Thanks Given: 33,242
Thanks Received: 101,662


Big Mike View Post
I have messaged Ninjacators directly to ensure they honor any money back guarantee

They owners have responded to me. I am going to try to add you in to the same email thread so I can try to help you resolve this.

Mike



Join the free Markets Chat beta: one platform, all the trade rooms!

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  #10 (permalink)
daris
Singapore.Singapore
 
Posts: 8 since Sep 2021
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Thanks Received: 22


Please see screenshots of their guarantee. Also, I provided more than 3 months of my live account, and they said I provided 3 months and they need 120 days. If the guarantee is for 3 months why do I need to show records for 120 days? their tactics to delay.

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