I purchased a Forex trading system from Dynamic Sync Forex Trading System - for Metatrader 4 - by Free Forex Studio in early December 08 for US$297 because of indirect good comments in Ebay as the seller has been selling a variety of goods. The seller was suppose to be Jhon Carson who is an experienced trader. There was many good testimonials from satisfied customers on the website. Livio who is taking care of the business is very voluble and persuasive, however his explanations do not work! Beware do not loose your hard earn money of US$297 or many times more if you chooses his method to trade.
The following claims were made.
1) Don't be fooled by other FOREX systems on eBay that cost more than twice as much, but whose indicators are unreliable because they RE-PAINT the past history on your charts! Re-painting even one previous bar/candle could cost you dozens of pips per trade and give you numerous false signals. Ask for a guarantee that the indicators don't repaint before you buy!
2) Jhon Carson who is an experienced trader is the consultant and seller of this system
3) This forex system consistently generates 83-157 pips ($830-$1570 in cash) per day!
4) 60 days money-back. "I want to say yes to your 60 day risk free offer"
5) Live trades will be given. "This will give you the right to receive live examples I make from my own ..."
6) His IM id's for skype ffxstudio given to customers
7) Promises of instant delivery of software 24 by 7
The REALITIES
1) Repaint was happening and when I emailed Livio, he admitted that repaint was happening because of the formula. That's a reality. This resulted in many loosing trades which are not reflected in the system
2) Instead of Jhon Carson replying to my email, it was a person named Livio who replied to my email. In the website it' stated that Livio is a 28 years old forex trader with 1 year of experience at f-fx.com. Since the beginning of this month he started a demo account for testing a new set of strategy with Sync Trading System. However he's now the "guru" who is replying to all the emails and working full-time in some other "normal" job as he claims
3) Consistent losses of 83-157 pips for past 1 mth. Basically all the pictures shows good profits upon arrow indicators given. This is the oldest scam in the book. In the first place the arrows are ACTUALLY drawn lower than the prevailing price to indicate to customers there's upside(PROFIT) and vice-versa.
4) Have made a request prior to 60 days period for monetary refund with no questions asked. Livio has chosen to ignore those emails, and blissfully replies with more complicated theories and misinterpretations of my questions.
5) No LIVE forex trades were ever emailed or sent to me for past 1 month from Livio or anyone else. He does not want to show customers his losses.
6) IM ID's for skype ffxstudio cannot be found. Also demo trading accounts does not even allow a login.
7) There was no instant delivery of the software. I made a complaint to Ebay and a couple of days later, the software was delivered by email.
The following claims were made.
1) Don't be fooled by other FOREX systems on eBay that cost more than twice as much, but whose indicators are unreliable because they RE-PAINT the past history on your charts! Re-painting even one previous bar/candle could cost you dozens of pips per trade and give you numerous false signals. Ask for a guarantee that the indicators don't repaint before you buy!
2) Jhon Carson who is an experienced trader is the consultant and seller of this system
3) This forex system consistently generates 83-157 pips ($830-$1570 in cash) per day!
4) 60 days money-back. "I want to say yes to your 60 day risk free offer"
5) Live trades will be given. "This will give you the right to receive live examples I make from my own ..."
6) His IM id's for skype ffxstudio given to customers
7) Promises of instant delivery of software 24 by 7
The REALITIES
1) Repaint was happening and when I emailed Livio, he admitted that repaint was happening because of the formula. That's a reality. This resulted in many loosing trades which are not reflected in the system
2) Instead of Jhon Carson replying to my email, it was a person named Livio who replied to my email. In the website it' stated that Livio is a 28 years old forex trader with 1 year of experience at f-fx.com. Since the beginning of this month he started a demo account for testing a new set of strategy with Sync Trading System. However he's now the "guru" who is replying to all the emails and working full-time in some other "normal" job as he claims
3) Consistent losses of 83-157 pips for past 1 mth. Basically all the pictures shows good profits upon arrow indicators given. This is the oldest scam in the book. In the first place the arrows are ACTUALLY drawn lower than the prevailing price to indicate to customers there's upside(PROFIT) and vice-versa.
4) Have made a request prior to 60 days period for monetary refund with no questions asked. Livio has chosen to ignore those emails, and blissfully replies with more complicated theories and misinterpretations of my questions.
5) No LIVE forex trades were ever emailed or sent to me for past 1 month from Livio or anyone else. He does not want to show customers his losses.
6) IM ID's for skype ffxstudio cannot be found. Also demo trading accounts does not even allow a login.
7) There was no instant delivery of the software. I made a complaint to Ebay and a couple of days later, the software was delivered by email.
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