Penny Robot Scam
Obvious scam business with high TrustPilot Rating (which speaks volumes about the trustworthiness of TP).
Where is this company based? What regulator is responsible for their activity? This information is not available.
The following is a transcript from the TrustPilot site.
--- Reply from Pennyrobot:
"Company based in USA. In a bad market day if there is any loss occurs using EA then this is the risk involved in trading Forex. Everyday good performance but just bad performance on 1 day can't make company a scam, its jusy a bad performance on bad trading day, you can put review that its perform bad for you but still you can't term it as a scam. Please read web disclaimer on homepage, where said trading leverage based products a risk and not suitable for everyone."
--- My reply in response:
"in the USA" is not very exact, and seems like evasion.
I repeat: What is the company trading name and address? What is your street address and phone number?
--- Reply from Pennyrobot:
"We again repeat how many EA webs have their company name, contact info, location, on the web? None right? So what info needed we have given that Company from USA and registered under state law of California, this much info ok and we would not need or oblige to give any further info under any law. "
--- My reply in response:
As per California's Business and Professions Code - BPC
DIVISION 8. SPECIAL BUSINESS REGULATIONS [18400 - 22948.25]
CHAPTER 22. Internet Privacy Requirements [22575 - 22579]
Businesses are REQUIRED to publish a PRIVACY POLICY which (as per the notes to the above codes "Making your Privacy Practices Public") Section 9 "ACCOUNTABILITY...
Tell your customers whom they can contact with questions or concerns about your
privacy policies and practices.
Give at minimum a title and e-mail or postal address of a company official who will
respond to privacy questions or concerns. It is a good idea to offer a telephone
number, perhaps toll-free.
Train your customer service telephone staff to recognize an inquiry about privacy.
It is a good idea to make customer service staff aware of how customers can get a
copy of your company’s published Privacy Policy."
I repeat: What is the company trading name and address? What is your street address and phone number?
You surely do not expect anyone to do business with a company that will not reveal its business address, as REQUIRED by the California State Codes???!
Your email address:
ea -at- theforexgenius . com
is registered to Dina Shrestha
who registered your email address at:
2104 Deercross Dr Unit 104 Louisville KY 40220-6724
+1.5025540227
or are you:
hitesh . patel19 -at- gmail . com
who registered the domain?
Either way these addresses are NOT in CALIFORNIA!