Traders Elite - Michael Nurock comitting Fraud

Traders Elite Signal & Copy trade service by Michael Nurock (not the same as"Trade Elite Club")
Traders elite offers a signal service and an automated copy trade service through the broker Tallinex.membership is through a monthly debit order.
DO NOT fall for their claims & results. They publish & market their performance on various platforms
Claimed results : last 6 months 10 869 pips
July - August 2016 5 154 pips

I have had the copy account through Tallinex from end July. 100% of trades copied exactly into your account
End Aug my account was down - 1995 pips LOSS All the while Traders Elite claiming RECORD MONTHS and + 3033 pips profit for August. !!!
End September my acc still down -2100 pips and Traders Elite is claiming another Huge profit for September !!

I have sent several emails to Traders Elite demanding a response but have received no reply.
The way in which profits and losses are calculated is purposely miscalculated to skew results massively in favour of a few winning trades, but its so far from truth its ridiculous!!

Totally SICK TO DEATH of "Professional traders" lying & stealing peoples hard earned money !!!!
DONT BE FOOLED !!

Safe & honest trading
Evan

Without wishing to muddy the waters here (or take sides), it seems reasonable to point out that the visible portion of the results "proof" you have supplied as the basis of your 'scam alert' is an email for what appears to be a self-traded signals service.

For the record, you had an auto-traded managed account, which is an entirely different service.

Unless the missing portion of that email states that those same signals were traded in the Traders Elite PAMM you were a member of, your complaint / review should be withdrawn and you should apologise for misleading FPA members.
 
Evan, to be fair, we're going to copy a previous response to you below, in addition to some direct replies to this post.

Re: offers a signal service and an automated copy trade service
A: We specialise in publishing signals by email alerts and mobile notifications. NO WHERE on our site do we even mention any type of trade copying. It has only been offered recently in the members area for those members that want to choose this option and even then, is not intended as a permanent solution. Over 99% of our members trade manually.

Re: membership is through a monthly debit order
A: You took advantage of our 12 month one-time payment that included 12 months free and the three proprietary indicators we provide (which you still have despite refunding)

Re: 100% of trades copied exactly into your account
A: It does not and has never specified that. In fact, we advice that it includes high frequency trades and results may differ to our published results. Naturally, we do our best and 80% of our months have been winning months over the last 4 and a half years

Re: - 1995 pips
A: Your triple counting. If 1 position is 3 lots, then 3 x 1 lot is the same. Over half of our members are Americans and can not trade more than 1 position on a pair.

Re: demanding a response but have received no reply
A: We hve replied to you numerous times and you were actually banned from our Live Chat for abusing operators. Your refund was processed promptly and there was no further need to communicate with such an abusive and angry person. Isn't Donald Trump enough for this planet on the angry spectrum?

Re: The way in which profits and losses are calculated is purposely miscalculated to skew results
A: Totally incorrect as is pointed out in this reply. Our entry position and exits are all verified with trading chart screenshots and is totally transparent.

Re: lying & stealing peoples hard earned money
A: We'll take that as defamation and the title of this thread that we're committing fraud (from someone so ignorant as yourself) is something we take extremely seriously and we'll be getting our lawyers in touch with you to demand an apology and withdraw these statements.

Our previos reply follows;

Unfortunately it appears that you are an extremely abusive and angry person. Youhave attacked us in Live Chat (we had to ban you!), by email and by Support Tickets.

We have attempted to resolve your issues and what you have done here is malicious and vindictive with the sole purpose of negatively attacking us.

Your subscription was refunded promptly and without any issues and your account wasdown by only $80. Had you stayed, then we suggest you would have enjoyed growth inyour account as do many other members by following our signals.

We should add here that your subscription was refunded weeks before you started these malicious actions. To us, that displays your mindset.

We are very proud of our service which has operated for 5 years this last October. Our goal has always been to assist traders achieve long-term successful results.

As a member, you have also received 3 propritary indicators which you still have in your possession even after refunding your subscription which was promptly done at your request.

Our results are based on our published signals and we focus on signals by email alerts and mobile notifications. We have now posted over 50 months of results with a monthly win rate of around 80%. Unfortunately, that means we have a losing month 20% of the time. Our published results are based on our published signals. We provide full proof of this to all our members and you can clearly see where the entry was taken and what was the end result. Trading charts don't lie and it's a totally transparent system. We have only recently offered trade management via PAMM accounts and when accepting this option, it is expressly advised that high frequency signals are included in addition to our published signals. Over 99% of our customers trade manually and we encourage our traders to be empowered by the signals they receive and the indicators they have access to. Naturally, results will differ between all traders depending on where they entered, what stop was placed, when they exited, how they structured their positions, whether they took hard targets or trailed the price, whether they added positions, and so forth.

Regarding multiple positions, quoting our response from Ticket #201986;
"Many members, including US citizens can only open 1 position. Our results we publish are based on simple mathematics... where was the price when entered and where was the price when it was closed. Naturally, results differ depending on where members entered, how they trailed and where they exited."

In other words, everyone trades differently regarding number of positions and our speciality is publishing signals and updates for those signals. Some people will trade 1 position, some 2, some 3 or more. Everyone's results will differ.

We stand by our results. Anyone can view our results and we also provide screenshots of every trade we take at entry and when targets are hit or profit locking updates are provided. All our results are transparent and we've generated years of proof to back up our claims.

We wish you well and encourage you to seek help for your mental condition.
 
See my attached request for a response & the details of performance lies.

Evan, for God's sake, we replied to your misinformed and abusive email in Support Ticket # 201986

Here it is;

As we state, our account also includes High-Frequency trades and these are additional to the published signals. It's easy to verify the published signals by looking at the entry and where the price went. We publish everything and are totally transparent.

Regarding Gold trades: There are 100 pips in a $1 move. If Gold moves from 1320.50 to 1320.85, that's 35 pips. If the price moves to 1324.70, that's 420 pips. If it moves $10 in price, that's 1,000 pips. Please check these facts before accusing us.

Unfortunately, you left and refunded at a low point in the account and we have since generated extremely good results. We're very happy with the results we have generated and published over the last 4 years.

Last point: Many members, including US citizens can only open 1 position. Our results we publish are based on simple mathematics... where was the price when entered and where was the price when it was closed. Naturally, results differ depending on where members entered, how they trailed and where they exited.
 
To FX master

Have invited Traders Elite to the forum and sent more email requests. Its now been nearly 2 weeks and not a single response. I have to assume they cant defend themselves when itys true !!@#$ SCAMERS

Evan!!!!
We have served thousands of customers in the last 5 years. Why the heck should we jump when you demand us to jump. You already refunded. You cost us much more than your piddly little $80 loss and if you didn't have your head up your a## with these insane anger issues, you could have found someone else to blame for your life.

Just because we don't waste hours & hours replying to your responses on some 3rd party forum does not mean anything other than we don't want to waste any more time or resources on an issue that is dead. You refunded. You couldn't handle it. End of story. What else would you like us to do? Get lawyers involved? Get a life Evan! We're actually the good guys. We're not pump & dumpers. We have a business that's operated for 5 years. We're not scamming anyone with blackbox solutions or dodgy binary services. We're totally legitamite, genuine and transparent.

Here's a couple of tips. Don't defame people or businesses through your ignorance. Trade yourself. Trade manually and do the world a favour by not placing anyone or any other entity in a position where you can blame them. Trading is only something you should consider if you can trade yourself and if you can handle any losses. Trading is not easy. If a trade gets stopped out by 2 or 3 pips, then moves in the intended direction for 300+ pips, that doesn't make us scammers. Every trader has wins and loses and although it'd be nice to have only wins, we don't live in that parallel universe.
 
To Tallinex As I stated in my intial review : The "copy trade service" was an option as part of the Traderselite Signal service and in the sign up website section it clearly stated that 100% of traders elite signals were copied directly to the "pamm" account with Tallinex. It was option A. trade the signals yourself B. use tallinex to copy same. I note this "copy trade" service has now been removed from the traderselite sign up web pages & offering. mmmh


Side note I have no issue with Tallinex as a broker : Recommended


Trader Elite : “NO WHERE on our site do we even mention any type of trade copying”. How was I then able to sign up for your copy service withntallinex ? You don’t mention “Trade copying anymore” because it has been removed from your site recently. It was a major draw card in you sign up pages as an option when I signed up.


100% of trades copied exactly into your account “ it did state exactly that but as I say you have taken that section off the website so no longer visible


We have replied to you numerous times - I have never received a single response to my requests through support tickets or Support@ email concerning this issue. You have 2 email addresses of mine to respond to. Also nothing in my spam filters.

If you had responded I would have replied directly to you and not taken this issue to a public forum.


You were actually banned from our Live Chat for abusing operators. This is a first ! please send to me & post copy of where I was so abusive and then where I was banned.


Your refund was processed promptly and there was no further need to communicate with such an abusive and angry person. Isn't Donald Trump enough for this planet on the angry spectrum? I have never had an issue with your refund, just “stated results” which in my copy trade account are the complete opposite of your claimed results. Not making this stuff up. The proof is in my Tallinex account statement. When you get ZERO response to an obvious issue, any reasonable person could be expected to become irate. Please post all my initial dealings with support so all can see how “angry & abusive” ?? I was.

How could I be abusive & angry to support when this is the first response I’ve received.


: The way in which profits and losses are calculated if your results for your manually traded signals are so vastly different from the copy trade service, maybe for the benefit of all your clients making use of the PAMM copy service, you should Publish the results for the PAMM account separately to report truthfully to those clients.


Unfortunately it appears that you are an extremely abusive and angry person. Youhave attacked us in Live Chat (we had to ban you!), by email and by Support Tickets. Again “trumping” up abuse claims is not helpful !


We have attempted to resolve your issues and what you have done here is malicious and vindictive with the sole purpose of negatively attacking us. Again this is the first response I’ve received about this issue of ” non performance”

Yes You did process my refund with out any issues. My issue has always been your claims of 1000s of pips profit while my account shows 1000s pips loss, to not receive an explanation or single response is not acceptable.


We should add here that your subscription was refunded weeks before you started these malicious actions. To us, that displays your mindset. Yes it was. but my copy account was still active where Traders elite would be taking 25% of all profits on the said account into the future ! Does not mean I’m not entitled to a response as to your dismal performance all the while posting “record Profit months”


Account was down by only $80. Account was down by $146 (Last statement 31 oct ) at position size of 0.0044 contracts = loss -- 3318 pips in 3 months or +- 29%


Regarding Gold trades: There are 100 pips in a $1 move. If Gold moves from 1320.50 to 1320.85, that's 35 pips. If the price moves to 1324.70, that's 420 pips. If it moves $10 in price, that's 1,000 pips. Please check these facts before accusing us.

I do know exactly how gold trades but if gold & forex use a different decimal point calculation, it is very misleading to lump gold & forex together in terms of pips made. Forex 10 pips at 1 contract would be = to +- $100 profit. Based on your figures (which is correct for gold) 10 pips gold profit at 1 contract would yield $10 profit my point is its 1/ 10th compare apples with apples.



Unfortunately, you left and refunded at a low point in the account and we have since generated extremely good results.

My point above my account as at 31 oct 2016 still down 3300 pips


Evan!!!!
We have served thousands of customers in the last 5 years. Why the heck should we jump when you demand us to jump. You already refunded. You cost us much more than your piddly little $80 loss and if you didn't have your head up your a## with these insane anger issues, you could have found someone else to blame for your life.
My anger issues ?!? Im entitled to a response for a service claiming performance and receiving the opposite.


…..What else would you like us to do? Post actual results for your copy service I received. let your copy clients know it’s a dismal failure so they can stop the endless loses & ever diminishing account balances. That’s all I wanted.


Here's a couple of tips. Don't defame people or businesses through your ignorance. Trade yourself. Trade manually and do the world a favour by not placing anyone or any other entity in a position where you can blame them. Trading is only something you should consider if you can trade yourself and if you can handle any losses. Trading is not easy. If a trade gets stopped out by 2 or 3 pips, then moves in the intended direction for 300+ pips, that doesn't make us scammers. Every trader has wins and loses and although it'd be nice to have only wins, we don't live in that parallel universe.

I’m well aware of how difficult trading is. Losses are part of the business. How exactly would you respond If a service you subscribe to is shouting about 1000’s pips profit and your account is only ever making losses ??


Your manually traded signals may produce a positive result, I don’t know about that… what I do know is, my account managed by Traders Elite
 
Pip Calculation : Please supply access to myself and a FPA official of your Results section of the website We will randomly pick 1 winning & 1 losing trade & show actual result. If my calculation is wrong i will apologize, but it needs to be seen to verify my claim
 
Evan, get a life. It's impossible to win an argument with an angry crazy person. We've wasted way too much time and resources with you. You are no longer a customer. You've been granted a refund weeks ago. If you had stayed on, you would have seen the flip side with positive results. We're very proud of our service over the last 5 years. We really don't feel it's necessary to reply to any more of your demands. Go in peace.
 
to FX MASTER

Hi Referring to posts this traderselite post How do i mail or text you off the public threads regarding this issue with Traderselite ?
 
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