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Beware of ExtraSignals.com

Discussion in 'Scam Alerts' started by scamMEplease, Aug 1, 2012.

  1. scamMEplease

    scamMEplease Recruit

    Aug 1, 2012
    Likes Received:
    Just a word of caution regarding ExtraSignals.com

    They appear to be offering a great forex trading system for free as long as you open an account/make a deposit with one of the binary options companies listed on their website. In reality, their trading system is garbage and it’s just a scam to get you to make the deposit using their referral code so that they can get paid a percentage of your deposit as a referral fee from the binary options company.

    And if you read the terms and conditions on the websites of those listed binary options companies, you will see that it is almost impossible to withdraw your funds afterwards as the binary options companies throw up all sorts of rules and conditions that often cannot be met. In other words, they force you to continue trading so that you will eventually lose your entire deposit.

    Stay away.
  2. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
    Likes Received:
    I've noticed a similar trend with forex signals and EAs. More and more are free, but only available if you open an account using an IB link to a specific broker. At that point, the people behind the deal make money if you win or lose.

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