It is interesting to note that the previous reports on the AIC have common threads. The software timing out and cancelling trades for no apparent reason. I do not believe even AIC know the reason for this. My experiences included being blamed for closing trades in auto-trade mode, tampering with the strategic data, increasing and decreasing trade sizes and a host of other actions. I felt quite dejected after reading all of their allegations relating to why AIC could not reimburse me my software purchase price. I paid a total of $9600 for FX Calibre. After losing me just under $10,000 in less than a year I thought it was time to test their guarantee. They had not only managed to fret away the $10G but on top of this my manual trades made money they also lost. Thankfully I kept a record of my manual transactions. Sadly they were in Christchurch with me on the 22nd of February when the Liddleton earthquake hit. I still believe I will get them back when the city centre is re-opened. This will blow the supposed mismanagement of the auto-trading process out of the water. Just beware that at the time my account was rendered below $8000 I started making enquiries as to why the auto-trading was such a failure and what I could do to improve things. I was swapped from Timing to Wave with a few subtle changes to strategies. At no time was I ever permitted to have multiple trades ticked. My manual trading was travelling along nicely by comparison. I was receiving emails and telephone calls acknowledging my wins and encouraging my manual trading. At the crunch time my case manager was replaced by a new manager with totally different ideas. The crippling strategy being that I should not have been manual trading at all. This is classed as an interference with the auto-trading and apparently will void the guarantee. Also I was not enabling multiple trades when I should have. Just a sample of the nonsense that goes on when, or if, you try to claim on your software money back guarantee. 13% per annum: Not a hope in hell. Now the claim is 6.2% per month. Look at the bank fixed term deposit rates with a guaranteed return. Why would you risk it with AIC. Furthermore the income is still tax deductible and they are geared not to make any higher return than that few points above 6%. Therefore any exponential movement in your favour will not be realised due to the limit margin being so close to the entry point. I have had some advice from a learned barrister in corporate law and securities regulations. Suffice to say I have been advised to forward the final letter of demand before taking any legal action. I would be interested in any persons who have had positive experiences with AIC. If there are such clients then I may be persuaded to re-invest, follow the new rules and just test the AIC claims, without prejudice or malice. I feel confident that AIC will not be around to see out their guarantees in any case.
PS I would really love to hear some good news as I did have a good feeling about this company.
PCM
PS I would really love to hear some good news as I did have a good feeling about this company.
PCM
