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spreadone.com scam alert

Discussion in 'Scam Alerts' started by GaborDel, Jun 15, 2011.

  1. GaborDel

    GaborDel Recruit

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    Hello,

    This provider is a complete scam. They claim they know where the market will go because "they see" big bank orders on the currency market, but in fact they don't.
    They give trading signals and they don't give stoploss because they are 100% sure...
    Please people don't buy this, I have blown my account because of them.

    He told at 22:00 that in three hours the EUR/USD will be at 1,45 and be patient and wait... Now I have nothing on my account.

    Stay away!!!
     
  2. Pharaoh

    Pharaoh Colonel

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    It doesn't matter if it's signals, a managed account service, or an EA. If there is no stoploss and you trade more that the tiniest amount, you are risking a margin call.
     
  3. GaborDel

    GaborDel Recruit

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    Absolutely agree with you, I was stupid (too) but now I wanted to warn others as well.

    Regards
     
  4. aicohn

    aicohn Corporal

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    Bait and Switch, Non-Delivery of Service

    Offered free signals on their facebook page "free trading service always" as of late last week. "Always" must mean "3 days" in german since that service got yanked with a few hours notice only. They offer their 199 euro/month service if you send them a bank wire, which I did since I was doing well with what they offered. No signals after sending the wire. When I tell them they are a scam, they yank my skype access which wasn't giving me signals anyway, erase all my posts off their facebook page & I'm still out the 199 euros.

    This is a scam. Stay away.
     
  5. Valerii

    Valerii Recruit

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    I have lost about 40 K$ on it signals. They told - maximal drowdown - about 130 pips. Its a lie!!! 150-480 pips i felt by myself, and no guaranty of price go back. They always trade against trand, and use martingale without stoploss. Keep away.
     
    #5 Valerii, Oct 31, 2011
    Last edited: Nov 2, 2011
  6. Valerii

    Valerii Recruit

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    31 of october they starts buy EUR/USD at 1.4080, strong buy was at 1.4050.(they says that City and Goldman was long 600-800 mio), Than price go down to 1.36 at the end of day. I, and lot of other customers lost all money. Keep away!!!
    It's one of first chat messages from they at this day
    [4:06:45] spreadone: buy 1,4086 240
    [4:12:41] spreadone: 1,4070 240 buy
    [4:15:48] Royal flush: yen intervention, be careful pls
    [4:22:42] spreadone: 1,4055 560 buy
    [4:25:25] spreadone: 1,4040 610 Mio buy citi
    [4:25:35] spreadone: 1,4040 560 buy
    [4:26:19] Augusto Noseda: I loss much money this night. GOOD NIGH.
    [4:28:02] Aaron Cohn: I'm in @ 1.4046 average
    [5:31:16] spreadone: 1,4020 buy 420 Mio Barx
     
    #6 Valerii, Nov 2, 2011
    Last edited: Nov 2, 2011
  7. Tutumoto

    Tutumoto Recruit

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    Spreadone SCAM with prove

    Spreadone_Signals2.JPG
    this is the clear and prove that Spreadone is a SCAM and they delete their post which included those comments
     

    Attached Files:

    #7 Tutumoto, Nov 25, 2011
    Last edited: Nov 25, 2011
  8. Yip

    Yip Recruit

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    To trade with their signal..u need to have large fund size. Even $10,000 wont help.
    They loves to go against trend.
    I ask them many times who sells if the bank buys... and the price keep dropping 20pips to 100pips or more... and they keep posting banks buy.
    If banks all buy, means the price will go up. But why drop 20pips to 100pips and more? They do not answer.
    I believe there are more banks or BOJ,BOE, Fed, ECB do the sells in large quantity which causes the price to go down.

    The reason is that when Spreadone in buy, they can only choose to buy. They uses NINJA platform with US broker and the NINJA trades is FIFO. So if you have a sell, it will close your buy positions and u end up losing the money. The only way is for them to average their pricing and martingale.
    Sames goes for Sell.

    Many traders open account with spreadone and they got problems trying even to open those profitable trade in NINJA when there is multiple positions open due to FIFO.
    Example: You can have 5 open positions of buy at different price, 2 is showing profits and 3 showing floating losses. When you want to close your profit trade, it closes your first entry which is at hugh floating loss and resulting in your trade become losses. Your exit can only happen when you flat all the positions in profits. Else you will end up losing money. NINJA platfrom is WORST than MT4.
    NINJA platform to use the pending order with TP and SL entry, you need to pay subscriptions. If you use the free version, you can only pend the entry and cannot set TP and SL.
    Spreadone charge 5pips extra commissions and they never mention in their posting.
    For a trade with extra commissions, exchange rate and etc, you need to have min 7pips in profits. If you close with 0pips profits (after minus spread), you still lose out 7pips to Spreadone and broker charges.

    There is one day they went MIA for wholeday and everyone asking where are they. After which they claim have problems with SKYPE. This is bull****. I have been in IT for over 10 years and SKYPE is daily usage. I have never encounter any problem with SKYPE.

    Stay out of trading that do averaging, martigale and without Stoplost.
     
  9. dam55

    dam55 Recruit

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    big scam

    They are big scamers and liars,trading without stop loss.They allways trade against the trend,with big account anyone can trade like this.
    KEEP AWAY if you dont wont to lose you re money
     
  10. sukumvit49

    sukumvit49 Recruit

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    Spreadone simply add position on reverse trend, Bank order does not exist!!!
    It's a pur SCAM
    I was with them on the skype-room during a month. I saw almost all people lost full account.
    If you complain or post message he kick you out of room and erase your post.

    Becarfull, On Facebook they post the last order of the day, when it retrace that's why is often winner trade.
    But other side on the room we have enter earlier and all people are -200pip with 10-20 positions open positions.

    Why no one complain on Facebook? He again erase all bad post.
     
: spreadone

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