With An Abundance Of So Many Forex Scams, Be Careful Who You Send Your Hard Earned Money To

We opted to give this company a try ahead of writing anything with regards to them. There is a lot of bad chatter on the internet with regards to the dishonesty level of their Fx Signals program so we had to see for ourselves if it was correct or not. Unfortunately, it is all true. The performance numbers they post, including all the trade details, are completely and totally different than what you might have. They are not even close. There is no questioning it.

Whenever we emailed them with regards to inconsistencies with the trades, they would speedily respond “Oops, thanks we will fix this immediately” which would come from the CEO Mauro Sciaccaluga yet nothing was ever repaired. When we inquired to cancel our membership and for a reimbursement per their guarantee, there was no response. Not really a major shock. If the program is bogus, 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 approach of obtaining our cash back? Simply no! For the reason that Mauro uses for his transaction plimus which functions in a similar way to paypal and because his product is a service, under their user agreement, they do not offer charge backs on services. If it was a product, possibly we would have better luck.

Yet another item in which we find is very suspicious is their relationship with the forex broker AvaFX. Buy Forex Signals offers members a free membership 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 signifies they take the other side of your trade. If you win, they lose. If you lose, they win. Thus it is apparent to say that much like a casino 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 obtain from Buyforexsignals.com. When it comes to forex trading brokers in general, it would be smart 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 challenging for you with stop loss searching and re-quotes. And if you are able to overcome them and turn a profit in your account, chances are they will turn up the heat and make it even more challenging till they can get you to blow out your account.

So what are the three lessons realized here? One, be very watchful when acquiring a Fx Signals program or any program for that matter utilizing Plimus, paypal or any 3rd party service as your method of payment. Your best bet is to merely use your credit card directly as payment. If Paypal or Plimus is all that they make use of, then turn away. No one is that exceptional to where you must take on the chance of losing your funds.

2nd, which is more important and will override the first, never ever pay for a trade predicting program whether or not it is Forex, Stocks, Bonds, Futures or anything that is predictive unless they offer a FREE TRIAL. The trial needs to be for a minimum of two weeks. If they do not offer a test, run like heck because chances are that they have got absolutely nothing good to provide and they are banking on you buying into their seductive pledges of large earnings for a Month, Quarter or a Jackpot (to them) One Year subscription. With regard to scams such as these, it is not necessarily about renewals; it’s about creating that one particular sale. A purchase that is nothing more than a fraud to take your money.

And last but not least the 3rd lesson; be wary of Dealing Desk/Market Maker Forex Brokers. Their business model is built to profit from your losses. That is not a broker you need or should be carrying out business with, specifically when they partner with shady companies that do absolutely nothing but provide you with losing trades.

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