We decided to give this program a try prior to writing anything about them. There is a whole lot of bad chatter on the internet with regards to the dishonesty level of their Fx Signals service therefore we had to discover for ourselves if it was correct or not. Sad to say, it's actually all true. The performance stats they publish, including all the trade details, are entirely and totally different than what you would likely get. They are not even close. There is no doubting it.
Whenever we emailed them concerning variance with the trades, they would quickly answer "Oops, thanks we will fix this immediately" which would come from the CEO Mauro Sciaccaluga but nothing was ever repaired. When we requested to end our membership and for a reimbursement per their guarantee, there was no answer. Not really a huge surprise. If the service is phony, so would their money back guarantee. Hopefully no one is silly enough to buy into their Lifetime subscription offer. Lifetime offers are generally tip offs to scams.
Is there any means of obtaining our money back? Simply no! Since Mauro uses for his transaction plimus which works in a comparable fashion 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.
An additional item in which we find is very suspect is their connection with the forex broker AvaFX. Buy Forex Signals offers members a free subscription 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. So it is apparent to say that very much like a gambling establishment in Las Vegas, they want you to lose and how else better to do so than with the use of the losing signals you will acquire from Buyforexsignals.com. When it comes to currency brokers in common, it would be wise to stay away from Dealing Desk Market Makers. They are similar to online gambling sites that do not want you to win. They will do everything in their power to make investing hard for you with stop loss searching and re-quotes. And if you manage to defeat them and turn a profit in your account, chances are they will turn up the heat and make it even more challenging until they can get you to blow out your account.
So what are the 3 lessons realized here? One, be extremely watchful when getting a Currency Signals program or any service for that matter using Plimus, paypal or any 3rd party service as your method of payment. Your best bet is to only use your credit card directly as payment. If Paypal or Plimus is all that they utilize, then turn away. No one is that exceptional to where you ought to take on the chance of losing your funds.
2nd, which is much more critical and will override the first, in no way ever shell out for a trade predicting service whether it's Forex, Stocks, Bonds, Futures or anything that is predictive unless they supply a FREE TRIAL. The demo must be for a minimum of 2 weeks. If they do not offer a test, run like heck because probabilities are that they have got practically nothing good to provide and they are banking on you buying into their seductive guarantees of huge earnings for a Month, Quarter or a Jackpot (to them) One Year subscription. With regard to frauds such as these, it's not necessarily about renewals; it's about generating that one sale. A purchase that is nothing more than a con to get your money.
And last but not least the 3rd lesson; be cautious of Dealing Desk/Market Maker Currency Brokers. Their business model is developed to profit via your losses. That is not a broker you need or ought to be undertaking business with, particularly when they partner with shady firms that do nothing at all but provide you with losing trades.
Whenever we emailed them concerning variance with the trades, they would quickly answer "Oops, thanks we will fix this immediately" which would come from the CEO Mauro Sciaccaluga but nothing was ever repaired. When we requested to end our membership and for a reimbursement per their guarantee, there was no answer. Not really a huge surprise. If the service is phony, so would their money back guarantee. Hopefully no one is silly enough to buy into their Lifetime subscription offer. Lifetime offers are generally tip offs to scams.
Is there any means of obtaining our money back? Simply no! Since Mauro uses for his transaction plimus which works in a comparable fashion 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.
An additional item in which we find is very suspect is their connection with the forex broker AvaFX. Buy Forex Signals offers members a free subscription 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. So it is apparent to say that very much like a gambling establishment in Las Vegas, they want you to lose and how else better to do so than with the use of the losing signals you will acquire from Buyforexsignals.com. When it comes to currency brokers in common, it would be wise to stay away from Dealing Desk Market Makers. They are similar to online gambling sites that do not want you to win. They will do everything in their power to make investing hard for you with stop loss searching and re-quotes. And if you manage to defeat them and turn a profit in your account, chances are they will turn up the heat and make it even more challenging until they can get you to blow out your account.
So what are the 3 lessons realized here? One, be extremely watchful when getting a Currency Signals program or any service for that matter using Plimus, paypal or any 3rd party service as your method of payment. Your best bet is to only use your credit card directly as payment. If Paypal or Plimus is all that they utilize, then turn away. No one is that exceptional to where you ought to take on the chance of losing your funds.
2nd, which is much more critical and will override the first, in no way ever shell out for a trade predicting service whether it's Forex, Stocks, Bonds, Futures or anything that is predictive unless they supply a FREE TRIAL. The demo must be for a minimum of 2 weeks. If they do not offer a test, run like heck because probabilities are that they have got practically nothing good to provide and they are banking on you buying into their seductive guarantees of huge earnings for a Month, Quarter or a Jackpot (to them) One Year subscription. With regard to frauds such as these, it's not necessarily about renewals; it's about generating that one sale. A purchase that is nothing more than a con to get your money.
And last but not least the 3rd lesson; be cautious of Dealing Desk/Market Maker Currency Brokers. Their business model is developed to profit via your losses. That is not a broker you need or ought to be undertaking business with, particularly when they partner with shady firms that do nothing at all but provide you with losing trades.
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Day Trading scams is a blog devoted to discovering the unkown about people and companies such as ifundtraders.com. Visit today to read informative articles about buyforexsignals.
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