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this is the clear and prove that Spreadone is a SCAM and they delete their post which included those comments
To trade with their signal..u need to have large fund size. Even $10,000 wont help.
They loves to go against trend.
I ask them many times who sells if the bank buys... and the price keep dropping 20pips to 100pips or more... and they keep posting banks buy.
If banks all buy, means the price will go up. But why drop 20pips to 100pips and more? They do not answer.
I believe there are more banks or BOJ,BOE, Fed, ECB do the sells in large quantity which causes the price to go down.
The reason is that when Spreadone in buy, they can only choose to buy. They uses NINJA platform with US broker and the NINJA trades is FIFO. So if you have a sell, it will close your buy positions and u end up losing the money. The only way is for them to average their pricing and martingale.
Sames goes for Sell.
Many traders open account with spreadone and they got problems trying even to open those profitable trade in NINJA when there is multiple positions open due to FIFO.
Example: You can have 5 open positions of buy at different price, 2 is showing profits and 3 showing floating losses. When you want to close your profit trade, it closes your first entry which is at hugh floating loss and resulting in your trade become losses. Your exit can only happen when you flat all the positions in profits. Else you will end up losing money. NINJA platfrom is WORST than MT4.
NINJA platform to use the pending order with TP and SL entry, you need to pay subscriptions. If you use the free version, you can only pend the entry and cannot set TP and SL.
Spreadone charge 5pips extra commissions and they never mention in their posting.
For a trade with extra commissions, exchange rate and etc, you need to have min 7pips in profits. If you close with 0pips profits (after minus spread), you still lose out 7pips to Spreadone and broker charges.
There is one day they went MIA for wholeday and everyone asking where are they. After which they claim have problems with SKYPE. This is bull****. I have been in IT for over 10 years and SKYPE is daily usage. I have never encounter any problem with SKYPE.
Stay out of trading that do averaging, martigale and without Stoplost.
