ForexAutoMoney SCAM WARNING!!

[bobtom55]

SCAM WARNING:

 

Just so everyone knows, I checked out the website [spoiler:2230fbrn]F0rex@ut0m0ney-c0m[/spoiler:2230fbrn] . It is definitely a SCAM. This is the chat that I had with them while trying to decide if they were a SCAM.

 

Fiona: Hello! Welcome to F0rex

 

Aut0m0ney. Are you an existing

 

member or thinking about signing up

 

for a membership?

 

you: Hi , I submitted info request.

 

This is the response that i

 

received.

 

you: Please come to

 

[spoiler:2230fbrn][email protected][/spoiler:2230fbrn] and chat

 

with us to know answers of all of

 

your questions instantly and we may

 

also have some discounts for you.

 

you: These are my questions: On

 

your site it says the signals made

 

$400,000,000 trading profit last

 

year. What does that mean? Please

 

send me the last weeks intraday

 

signals. If I take all intraday

 

signals what is the Net Per Trade

 

(averaging wins and losses

 

together)? Is the win rate 70%? Is

 

the Profit Target always Bigger

 

than the Stop Loss? What is the

 

average adverse excursion(means how

 

much does the average trade go

 

against you...before turning around

 

for profit)? When you say 70% win

 

rate, does that mean 70% of the

 

time it went "ALL the way" to the

 

Profit Target, or just went

 

positive at some point? Do you

 

still offer the 1/2 off deal of $50

 

per month?

 

Fiona: please ask one question at a

 

time

 

you: On your site it says the

 

signals made $400,000,000 trading

 

profit last year. What does that

 

mean?

 

Fiona: profit the total earning is

 

46,205 .20

 

Fiona: Be realistic.

 

Fiona: here did you get those

 

figure

 

you: On your website.

 

[spoiler:2230fbrn][email protected][/spoiler:2230fbrn]

 

Fiona: Please check it again

 

Fiona: it is $46, 205 not

 

$400,000,000

 

you: I am looking at it right now.

 

It says "Use the system which made

 

$400,000,000 Trading Profit last

 

year."

 

 

 

Fiona: that is Forex market

 

you: 46,205.20 is what it says was

 

10 days profit.

 

Fiona: The Foreign Exchange market,

 

also referred to as the "Forex" is

 

the largest financial market in the

 

world, with a volume of about $2

 

trillion a day. It also trade 24

 

hours/day.

 

Fiona: yes, it is

 

you: I know that, but your website

 

is claiming that the system made

 

400 Million Dollars last year. Are

 

you saying that is not correct?

 

Fiona: $400 million of trading

 

profit in 2008 is a great summary

 

of what we do.

 

Fiona: it was total earning of all

 

the member

 

Fiona: remember we have over a

 

million member

 

you: Then each member only averaged

 

$400 dollars for the whole year.

 

That could not be true.

 

you: Nobody would pay $1200 for the

 

year to only make $400 for the

 

year.

 

Fiona: yes

 

you: Yes, people would pay $1200 to

 

make $400. To quote you...be

 

realistic.

 

Fiona: ok

 

Fiona: Is there anything else I may

 

help you with today?

 

you: No, because I am looking for

 

an honest company to do business

 

with. Since you LIE....your

 

company must be a SCAM. I will

 

look elsewhere. Thank You for

 

talking me out of using your

 

service. Bye.

 

Be Forewarned. Do not waste your time or your money with this service. Since they do not answer simple questions honestly I would not trust them or their signals.

 

Thanks,

Bob

[jamestan1978]

Re: ForexAutoMoney SCAM WARNING!!

 

i wonder why are they still doing so well, look at the google ads they are paying . they must have earn tonnes from scamming and yet no one can stop them. they are a faceless scam / con artist that prey on the those needy people of course greedy people too. but imagine you are in a bad financial shape and you see an ad like this who will not easily be taken in?

[bobtom55]

Re: ForexAutoMoney SCAM WARNING!!

 

I would be willing to bet that they do not have any repeat customers. People probably get suckered in for the 1st month $100 + $5 for trial, then leave them. The SCAM on the trial is they tell you that they give you either a 3 day or 5 day trial. If you do not cancel at least 24 hours before end of trial, then you automatically re-up for the month.

 

Bob

[vicky_ag]

Re: ForexAutoMoney SCAM WARNING!!

 

The scams artists or better said "snake oil vendors" are everywhere. I have some really good experiences with these kinds. Day in , Day out so many people come and want to become the next Soros and would not stop at anything to do it .