The FPA considers the offer made by Nick McDonald of TradeWithPrecision.com to deal with this complaint to be fair and considers this issue to be resolved.
FPA Member Kwaldron is free to pursue his claim by other means if he wishes.
Trade With Precision is a company based in New Zealand that sells courses on trading worldwide. I do not have a physical address for them but I know that they are Auckland based. At the bottom of their home page it says the following: ‘Trade With Precision’ is the trading name for Precision Universal LP registered in New Zealand, under registration number 2540518.”. Nick McDonald is the cofounder of the company and the main man. Travis McKenzie is a sidekick of McDonald’s and a fellow director of the company
On the 17th September 2012, I bought a course called the Precision Platinum Package on trading on markets from them for £2,499 and paid for it with my Visa card. After doing the course, I was not satisfied with what I had purchased and asked for a refund. The problem was the 3 systems they advocated using rarely set up in the forex market and I could not see them “dramatically improving my results “as per their sales pitch. They initially took up the position that they owed me nothing because they alleged that I had broken their terms and conditions. McKenzie then offered me £800 of my money back as a goodwill gesture which I called “ derisory “ and did not accept it. He then passed me up to Nick McDonald who increased the offer to £1,275 which I again rejected. After a lot of emails between me and McDonald he has upped the amount to £1,500 and, as of last week, credited that much back to my Visa card.
The company are not honest with people purchasing their products because their terms and conditions are biased, contradictory, contain unfair terns and practices and contravene both UK’s Unfair Contract Terms Act 1977 and NZ’s Fair Trading Act. Both McKenzie and McDonald lied to me during the exchanges that I had with them by email and over the telephone. I want to see the balance of what I paid for the course (£999) returned to me, and some compensation for the inconvenience and disruption that they have caused me. The company should either be banned from trading on the basis that it has chosen, or forced to amend its terms and conditions.
FPA Member Kwaldron is free to pursue his claim by other means if he wishes.
Trade With Precision is a company based in New Zealand that sells courses on trading worldwide. I do not have a physical address for them but I know that they are Auckland based. At the bottom of their home page it says the following: ‘Trade With Precision’ is the trading name for Precision Universal LP registered in New Zealand, under registration number 2540518.”. Nick McDonald is the cofounder of the company and the main man. Travis McKenzie is a sidekick of McDonald’s and a fellow director of the company
On the 17th September 2012, I bought a course called the Precision Platinum Package on trading on markets from them for £2,499 and paid for it with my Visa card. After doing the course, I was not satisfied with what I had purchased and asked for a refund. The problem was the 3 systems they advocated using rarely set up in the forex market and I could not see them “dramatically improving my results “as per their sales pitch. They initially took up the position that they owed me nothing because they alleged that I had broken their terms and conditions. McKenzie then offered me £800 of my money back as a goodwill gesture which I called “ derisory “ and did not accept it. He then passed me up to Nick McDonald who increased the offer to £1,275 which I again rejected. After a lot of emails between me and McDonald he has upped the amount to £1,500 and, as of last week, credited that much back to my Visa card.
The company are not honest with people purchasing their products because their terms and conditions are biased, contradictory, contain unfair terns and practices and contravene both UK’s Unfair Contract Terms Act 1977 and NZ’s Fair Trading Act. Both McKenzie and McDonald lied to me during the exchanges that I had with them by email and over the telephone. I want to see the balance of what I paid for the course (£999) returned to me, and some compensation for the inconvenience and disruption that they have caused me. The company should either be banned from trading on the basis that it has chosen, or forced to amend its terms and conditions.
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