JamesdeWet.com Review

3.371 • 10 REVIEWS
Out of business Formerly Underground-Cash.com
Updated: Apr 13, 2022

Website is down. Company seems to be out of business.

JamesdeWet.com
Out of business
3.371 • 10 REVIEWS

Recent User Reviews of JamesdeWet.com

G
Greg
, United Kingdom,
Jun 30, 2012,
Guest

James said at the end of April 2012 that he`s not going to offer his products for a general public,after complete failure of trade copier and was going to trade for himself,but AFTER ONE MONTH he started to sell again!!!Everybody should be able to answer WHY he changed his mind so quickly
K
Keith Gravestock
Rochford, United Kingdom,
Apr 19, 2012,
Guest

I signed up to the Trade Copier service when it first started and was one of the original testers for the system. I have been following James for some time and when he first set this Copier up using his 'bounce' trading methodology, I had high hopes.

During his training webinars, he always comes across as very sincere and I placed a lot of faith in him continuing to trade the way he has done with his own demonstration account.

Unfortunately, my faith was displaced. The first month finished down 13.5% which I suppose is not a massive drawdown, but it is perhaps significant that this was the first recorded loss for this system since he had been trading it. However, after the second month and an account now down by near on 25%, I have decided enough is enough and will not be continuing with it.

James has always maintained that the requirements of any system need to be adhered to, which is understandable, but he has not been singing from his own hymn sheet!

Not only have trades been taken that do not comply with the entry rules, but multiple trades have been taken when he states quite clearly that if you have 2 losers you should stop.

I had a lot of time for James de Wet and thought highly of him. The system seems to be sound because if I take the trades that the system suggets today, I end up ahead by 61 pips which has got to be a good result by anyone's standards. However, the trade copier is DOWN by 35 and this is supposedly by the Guy who created the system.

It is only the fact that I know the system can perform that has prevented me from listing this as 'Terrible'.

Will be trading it on my own from now on.
M
Mike
UK, United Kingdom,
Mar 25, 2012,
Guest

I started trade copier with James month ago and started to believe after being all the time below break even level that he is a great marketer(this service is not cheap) but average trader who actually makes a living from selling his products.
W
Willem
South Africa,
Dec 15, 2009,
Guest

Traders, be aware. I bought the E75 system and tried to trade it for the 60 days. Also attending his webinars. But it was very frustating. I did receive the weekly videos (not profesionally made, home made videos) but you cannot follow the discussions and he doesn't really explain the system during the webinars. He just constantly refers to the videos. I did send him a few emails requesting him to send me the full course as well as a few querries. In the beginning, he was very helpful but as my questions continue he answered: "If you think I am selling you snake oil, you can ask for a refund".

And that is what I did before the 60days trial was over. And what a surprise. PLEASE BE VERY CAREFUL. He only refunded my monthly $97. I did open my ticket from Clickbank about 3 times asking the refund for the inital $397 for the E75 system. Eventually my ticket was refered to a Clickbank consultant and then I immediately got my $397 back after about 6weeks of communciation via Clickbank.

Think twice before buying his systems. Not really a "wow" system, too many negative trades and once he is challenged during his webinar sessions, he is very defensive. I won't use this system in future. Maybe newbies will be impress but I wasn't.

I hope this is helping somebody thinking to buy his system. Please think twice and make sure you get your initial payment back if you ask for a refund.
B
Bob
USA,
Sep 1, 2009,
Guest

I did the 30 day trial of James' trading room, where he talks through the trades, answers questions and so forth. By just being on the free trial I wasn't given the E75 system, but I can comment on my experiences in the trade room.

I guess I have mixed feelings. First, I was immediately concerned when I Googled James de Wet, and found all kinds of distressing stuff. The CFTC found him guilty of fraud and fined him big time a couple years ago, and there are also some negative reviews on FPA for some of his older products. Check:

http://www.forexpeacearmy.com/public/review/www.forex-science.com

and/or G7 Forex System.

As for his trading, he seemed pretty good, and made some nice calls. He did seem to have good trading discipline, and was not emotional at all in his execution, which is something I struggle with. I didn't become a "charter member" and I'm not going to, but from what I can tell, he does provide a lot of info, probably too much honestly.

Some other negatives to note: One day in the trade room, he posted the link for Forex Peace Army, and asked everyone to leave a 5 star review. Apparently everyone but me listened, because as I write this there are nothing but 5 star reviews on here! I'm sorry, but I thought that was really lame. How about just asking to leave an honest review, and rate however many stars you choose to? I couldn't believe he was specifically telling people to leave 5 star reviews. Sorry James, but I'm going to leave the rating I want to; I'm not a lemming.

Also, he talks about having "multiple income streams" other than trading, and calls it his "money getting system." Once I started getting emails from him suggesting other people's forex products, I figured part of the "money getting" was him being an affiliate for those products. Nothing wrong with that, but I started to feel like I was just a small cog and/or asset to him in this grand money getting system.

Anyway, it's not all bad, but I just didn't have a great feeling about the whole thing, and was also put off by all the slick sales and marketing. So although I do think there's some value here, I'm just choosing to pass...
G
Gerhard S
Cape Town S.A,
Aug 21, 2009,
Guest

I have been trading forex for 13 years (2years full time) when i saw the E75 for the first time it fitted in with my trading style. His live webinars is informative and we have good results. Good deal / Good price. If you want to learn how to trade this is the place no lagging indicator dots and arrows ext to tell you when to trade learn from an experienced trader/ trading live in front of you. Do youself a favour come join us in the room
G
George DuBois Jenkins
United States,
Aug 12, 2009,
Guest

Though not a chart member I have benefited from James' trading strategies. He goes the distance, being on the webinar for as long as 10 hours. James is on target to turn $2000 into $50,000, making 20% a month- Fair price for all the training and course material he provides.
L
Lori
New York,
Aug 12, 2009,
Guest

I've been a member of Underground Cash for about a month now and the system, the live webinars and James' personal input and caring for all of the members is second to none!

I've spent tons of money in other systems and this is the first one that has literally paid for itself in the first week!

As far as I'm concerned, I'll be a member for life!
L
Lee M
South Africa,
Aug 12, 2009,
Guest

I have been dabbling in forex for some years and have tried many trading systems, and got absolutely nowhere until I discovered James De Wet and his E75 system. For the first time ever I am consistently making a profit. For a small fee every month I get to trade with James twice a week in a webinar where I can ask questions and find out what his thinking and motivation is behind each decision he makes. Fantastic value and I highly recommend anyone serious about being successful in forex to sign up.
J
Joe Daschner
Alberton South Africa,
Aug 12, 2009,
Guest

This is the best value for money I have come across in a long time. Everything in this course is well-structured and presented and the support from James de Wet is quite phenomenal. I highly recommend this to anybody who wants to become involved with forex trading