For those contemplating subscribing to this, you may want to read on and judge for yourself if you should be a little bit sceptical about the claims made.
Firstly, have a close look at a single entry dated 10th June (sell 1.84 gbpusd 1.62470) on the 2nd MT4 statement shown on the promo (
Auto FX Millionaire), this is the one where the Canadian Mark Ingram trades the system and makes $200k odd with $500 in 4 months.
The trade closes on 11th July at 1.6197 for a 50 pip profit (a month later which is very unnusual as all the other trades mostly closed within a day). This trade had a 50 pip SL and should have been a loss as the market went against the trade by around 190 pips on the 13th of June. On the 11th of July the market was nowhere near the TP level, in fact it was 150 to 290 pips below the TP set for this short trade and should have taken a much bigger profit than 50 pips on the day.
This rogue item on the statement leads me to believe that there has been some manipulation on the statement and the error has not been picked up and cleaned out. I contacted Alpari UK, the broker shown on the verification and this is what they said:
Dear Sir
Thank you for your email.
As you quite rightly suspect, this is cobblers.
If he was short £/$ he would have made much more than that.
Not too bright is he ?
We get a lot of this – usually they want to sell their squillion dollar system for 50 bucks…….
Kind regards
Paul C.
Team Leader, Client Services
Email:
support@alpari.co.uk
Web:
Forex Broker - UK FX Trading | Alpari (UK)
Alpari (UK) Ltd
5th Floor
201 Bishopsgate
EC2M 3AB
Now then, if Alpari confirms that this is "cobblers", in other words a fictitious trade, then doubts must be raised about the authenticity of the rest of the superb results shown on both statements, the number of winning trades is astounding - too good to be true. But then again, I could be wrong.
I'd dearly like to believe that Matthew Burton is a genius and can make me a millionaire, this is a sure easy method to make it big in FX doing it on Autopilot. And so cheap at $37 per month. Don't we all? As I write I am eagerly awaiting the first 2 trades to be triggered on my Demo platform, to win 40 pips risking almost 500 pips for each trade. Hey, that's what it says on the "Master Trades" section on my membership page.
I have expressed my concerns about this error to their support and have not received any response so far. Perhaps there is a very good explanation to it, perhaps not. This is just only one discrepancy I have been able to detect, however it only takes one card to bring down the entire house of cards. I'll wait and see and post the response from support when I get it. Hope it dispels my doubts and I can carry on in hope.