PipSnipers.com Review

Do not trust this, they take your money then go silent and disappear. Only way you can find them is based on the bank statement where the money is being sent to.

would like to completely retract what was said in my previous post...

Not sure what else can be said at this point. Read all the reviews below to learn about how Jason Deal operates. He has just dropped off the face of the Earth as of lately... Big surprise, LOL.

I wrote an earlier review and would now like to TOTALLY RETRACT IT. This was nothing more than a complete hoax. The free months were the best, they actually traded then. The paid month was a load of rubbish. Unfortuntly i paid for that month. Tried to get my money back thro paypal with no luck for some reason. It was a complete hit and run by them. They got their money to trade for the year. Stay away from these guys!!!!

2008-02-15 5 stars Hi people, iam a TOTAL NEWBIE to forex trading, since the beginning of the year. So iam not a big trader by any stretch of the imagination. In fact my idea was to start small and hopefully build up. But as with alot of traders i didnt want to make it easy on myself and decided to blow 30% of my account. This was the same week that i found Pipsnipers and i didnt pay too much attention to them as i thought just ANOTHER OVER HYPED SERVICE WHO JUST WANT YOUR MONEY, besides i have read the books i know what iam doing. WRONG. So after my great week (-30%) i thought maybe next week i will just watch these guys and see if they are for real. They had a good week. They let you know when they get in and when they get out. Even for a Newbie how difficult is that??? They even have given Money Management talks when the market is dead and gone over charts!! BUT THEY ARE NOT A TEACHING SERVICE. They put you in and out of trades. Now People who come to their site and see the Trade Tracker are probably going to go YEAH RITE DREAM ON. IF you just take one thing from this review take this IT IS TRUE!!!! For the one or two people that written a review here, which they are entitled to do, that is negative must have done what the Mods tell you not to do and give the pips back to the market!!! THATS YOUR CHOICE GUYS!!! I did it the first week. IF you dont believe at first then have an account that you use just for Pipsnipers trades and see how you do. For newbies, with small account, like me the room isnt cheap. But they have shown time and time again in here if you compound your account where it will go!!! Now the facts speak for themselves. These guys have been trading a long time, (there is alot of people in the room that know these guys and how they trade), and they want you grow with them. My advice for people is if you missed the free room then give them a shot for 1 MONTH, if you dont make anything then have you lost anything? Besides the month fee. EVERYONE HAS TO MAKE UP THEIR OWN MIND. I got back 15% so far trading conservatively with these guys because i too was sceptical. But i hope to get the other 15% back by the time the paid room starts then it will be a fresh start for me. Guess what iam doing? Sky is the limit here. BUT YOU HAVE TO SEE IT WITH YOUR OWN EYES TO BELIEVE. Hope people find this review useful and i didnt go on too much, like i said i am TOTALLY NEW TO TRADING. But i hope to do great things WITH these guys. IF THIS IS NOT FOR YOU THEN HAPPY TRADING AND GOOD LUCK

I would just like to say I am Amar. It is def not kinnar, if you like I can give you my email/skype and you can talk to me.

Please don't make misrepresentations and also make yourself aware of the facts next time.

As per the room itself. I have NOTHING to do with the pips/counting/trading. I am simply a mod of the chat and ALL i do is type what is said over the mic. NOTHING else.

Thanks.

First of all, I want to say to Malc, that I use the name Justin in Kinn's chat room and this is not one of his aliases. But anyway, this isn't important. What important is that his new room is the same BS and pipsnipers room. Just take a look at his trade record: average 1.8 pip profit. This is hilarious! You rarely get the same entries and exits so your profits should be even smaller (if you make any at all). Anyone, I find this room is useful for one reason: I hang out there and laugh at how stupid their trades are. And it makes me feel much better about my own trades, LOL.

Kinn's room ; If you toss a coin and trade you will get better results.
Jason: Big Fat Scammer.

AVOID AVOID AVOID. You are a fool if you take their trads.

I was interested in this service but dreadful. But i think this is the 1st part of another scam. Kinn, who was booted out, has started his new room. BUT THIS IS SCAM PART 2.

Free until May. I tried it. I found the SCAM Warning signs following KINNS new room:

Calls a trade such as buy GY at 200.10 (exact time yours says 200.18) same on closing. He close at 200.00, yours is 199.90.

You say this, then you get flamed "get another broker mate" or he reads his spreads out for 5mins, when volatility has died down, and they are out of a trade, so prices seem the same. But fantasy land when he calls them.

He also talks excitedly on trades, such as "buy noww, get in in here!!!". Which is just a ruse really. Similar to boiler rooms, where they try to create excitement.Or the Monty scam. Google it.

You criticize his style in any way, you will either get kicked out, or 10 other people will post a comment so yours disappear.

He takes 8 trades a day, average gain 2-3pips. Such as 5pips on GBP/CHF!!! Average winner 12pips, loser is 30pips. Do the math.

You may feel i am a disgruntled trader, but i'm not at all. Anyone who doesnt believe try it, with a demo account, you wont get anywhere near his performance. Even when profitable. You will lose. BE WARNED. STAY AWAY.

I totally agree re. Kinns new room - I didn't even bother joining when he said his emergency stops were 50-80 pips vs his average 10 pip scalp!!! Hows that for a risk:reward?!! The problem is that there are enough desperate people out there to believe this BS..hopefully he will soon follow the same fate as his conspirator..

I just wanted to share my experience, they marketing to signup up for this service is simply amazing, I almost fell for the year in advance payment, thank god I did not bite on that one. I have lost a total of $1480 including the $325 but nothing that was outlined in the agreement has been honored, I know trading involves risk, but PIPSNIPERS is operating negligently and lack of any clue on what their doing is costing people their hard earned money. I Hope this helps people avoid the SCAM