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The obvious scams are obvious thread


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  #1 (permalink)
 PeakGrowth 
Sydney, Australia
 
Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker: IB, IQFeed
Trading: ES, SPI, ASX stocks, options
Posts: 397 since Jun 2015
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Since I'm bored and it's a guilty pleasure of mine reading this stuff, I thought it would be a good idea to start a thread on some obvious scams you come across, so I can continue my guilty pleasure of reading them.

They pop up a lot, especially on Twitter and FB feeds and some of the content is just pure entertainment.

If you're a vendor, please don't just post your competitors on here, this is for the ones that are so obvious it's comical.

Holy Grail of 5 Minute Trading Strategies - Binary Options Trading

"Not long ago after I had discovered this 5 minute strategy, I was winning large sums of money real fast! Now Both of my demo accounts are in the plus!"

I'm not sure why he didn't even try to hide he was trading demo.

10 page PDF for $200, awesome.

@Big Mike if you feel you might get sued for something like this or you feel it promotes, then delete it

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  #2 (permalink)
 
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 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
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Yeah, I have to admit I enjoy reading these threads too. haha

There was a company back in the 2000's called Micro Corporation, they were selling a product named Blue Chip Trader. Unfortunatly a relative of mine purchased their "system" and also gave them my details as they knew I traded shares.

The product was coded in MS Access (TRUE!!!) pretty much only used RSI EOD scan, and they were asking $20k for it. Of cause if you purchase right then on the phone it would only be $10k.

Well these guys were relentless, 3-4 calls a week for months, it didn't matter how many times I told them to f' off.

I think the best part was a year later they called me about a new investment platform they created that gives you guaranteed income from horse racing!!!!!!

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  #3 (permalink)
 US Bond Trader 
Chicago, Il
 
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there was one i have to look for so i can post it here, basically it was a guy selling a system to trade econmic numbers. he had a video on his site he put a short position in emini sp futures on 30 seconds ahead of non farm payrolls and the market dropped like 10 handles and he was like see how easy it is to make money, in 30 seconds i made $xxxx. you can do it too!

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  #4 (permalink)
 PeakGrowth 
Sydney, Australia
 
Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker: IB, IQFeed
Trading: ES, SPI, ASX stocks, options
Posts: 397 since Jun 2015
Thanks Given: 169
Thanks Received: 465


US Bond Trader View Post
there was one i have to look for so i can post it here, basically it was a guy selling a system to trade econmic numbers. he had a video on his site he put a short position in emini sp futures on 30 seconds ahead of non farm payrolls and the market dropped like 10 handles and he was like see how easy it is to make money, in 30 seconds i made $xxxx. you can do it too!

Rofl, so he must've done it in replay or had two recordings going, one long and one short then just picked the winning one.

Keep them coming.

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  #5 (permalink)
 Phylos 
London UK
 
Posts: 229 since Oct 2014

The Billion Dollar Scam - BBC World Service



The FCA has acted to stop a Cypriot-based firm, ICC Intercertus Capital Ltd, and other members of its group which trade as EverFX, from offering high risk contracts for differences (CFDs) to UK investors.

source: FCA (UK Financial Conduct Authority) https://www.fca.org.uk/news/press-releases/fca-stops-everfx-offering-cfds-uk-customers.

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