ForexSocialSignals.com Review

I never post anything in this forum, I just read the reviews. However, this company is such an egregious scam I thought I'd better post something. I recently moved and changed my bank accounts. ITM shut down the signal service as I had depleted the balance of one of my accounts previous to closing it. The account was the account I set up the payment from for the second installment of the 1500.00. The results were so bad I was just going to let the clock run out on the 60 days and get the refund. Meanwhile, I had a deposit hit my account and ITM went in and swooped the money out without restarting the trade copier. So basically, they just helped themselves to another $700.00 without even providing a service. Theft. I had my attorney send certified mail to Shawn and it was returned as undeliverable. He is now working on locating Shawn's physical address for me. I will get my money back. If anyone knows of these scammers whereabouts, please let me know. Its bad enough that their product is complete c***, but its worse that they helped themselves to a second installment and never provided the service after.

I paid $1495 for a load of c***. It has done nothing but lose money every week. Thank heavens I only traded mini lots on my live account. They always answer my request for a refund with BS and so-called proof of success over years!! They claim that for the 60 days guarantee period, the program made a profit. That's not how my account saw it!! Do NOT believe the hype and BS they dish out - it's a heap of horse s***.

I bought this product about two weeks ago. The results are awful. ITM financial is scam!!! Don't buy it.
I am looking for people who lost their money with this scam. Lets gather together and sue "ITM financial". We can shot down this service completely.

http://www.myfxbook.com/community/trading-systems/itmf-mirror-1-neurotech-os/423501,1

I purchased one of ITM financials Forex products in April of 2013. It was priced at $1500 and came with a 60 day Guarantee. During that 2 month period the signals totaled minus -500 pips. I asked Curt Dalton the CEO for a refund and he has yet to honor his commitment. It seems that now ITM is getting into the Binary Options Signal Service with a free Android App. You can be sure that this free app is likely the start of another one of their sketchy marketing campaigns and if they get lucky with their calls over the first month they will be asking you to get out the credit cards. You can also go to the link below and see that they are aggressively seeking affiliates and offering 50% commissions.

http://newproducts.launchboards.com/itm-financial-jv-affiliate-curt-dalton-and-ali-khan/

Still no refund from forexsocialsignals. Just cut off with loss in my account and no contact.

2013-06-04 1Star ITM did not issue a refund.

Hi Curt
My Micro real account Started with 300 and now down to 227.63.
Shawn checked this with a screen share yesterday. He also
changed your settings in the trade copier,

He said would improve trading. If your settings were not
correct all this time, I am loosing $ because of ITM. Shawn
saw my account I am not lying to you. If I was up 285 pips

I would be Happy, Do you think I am happy loosing $ 326.37
plus tax. Plus the draw down.
Don.

2013-04-08 No Rating I have just asked for a refund after 60 days from ITM. My live Micro account is in the red. I will report the outcome.

Action Forex is currently using a chart that I produced (it is my own work) of an Elliott Wave count for EURUSD in their email marketing their webinar.

The chart they're using is the intellectual property of Elliott Wave Forex for whom I am currently on contract to do their EURUSD analysis.

Apart from a clear breach of copyright the problem I have with their use of this chart is their email states it "proves" the target I calculated at 0.96536.

A prediction does not "prove" anything". Logic 101 fail guys.

I strenuously object to my work being used by an apparent scam and in a spammy way. I object to my work being used commercially with no reference given to the author (myself) and I object to Action Forex publicly misinterpreting my work.

I take my online reputation seriously as an expert Elliott Wave analyst. My charts are presented in a consistently identifiable way and I don't want my reputation damaged by association with this illegal activity.

I have the original file and can prove date of publication on Elliott Wave Forex. The chart was published on 7th June, 2013 under copyright for Elliott Wave Forex and Action Forex used that same chart in their email advertising their webinar on 14th June, 2013

Below is another email I received from ITM Financial pitching the same product that they had to pull the results down from myfxbook and replace with a renamed product. This is a Scam. When you market your product with the claims they do and delete the data so that people can't verify the claims that is a Scam. They continue to add new marketing with outrageous claims making some very slight changes. Look at the email below. Once again they use the 11 seats left c*** trying to make people think that if they don't act now they will miss out. Also, you can see they say there is a Full 60 day Guarantee if you are pip negative after 60 days. This is the same Guarantee they will not honor for me even when they were down over 500 pips in 60 days in my case. Do not get sucked in by their sleazy marketing campaign. The headline of the email is below. They closed down 3 London firms for 90 minutes. Also, based on the fact that this email came from Alex and I received the same email from other people with different names, one of two things is going on. Either they are inventing people or they sell their software through brokers. Beware when you see a company marketing like this!!!

THE TRADING SYSTEM THAT CLOSED 3 LONDON FOREX FIRMS FOR 90 MINUTES!!!!!

Hey Doug,

It isn't often that a trading system comes along that causes Forex brokerage houses to stop trading while they watch the video.

That is EXACTLY what happened when Forex startup ITM Financial first released its video about NNT, or Neural Networks Trading. It literally was sent as a private preview to 3 London trading firms and all 3 had their traders watch it.

Signup For The 60-Minute Webinar that Demos the System:
See It Here

The system is built on a massive cloud computing system that "senses" trade direction before it happens and makes a killing.

How do they do it?

Signup For The 60-Minute Webinar that Demos the System:
See How Here

They have opened up 11 more trading spots as a favor for Dustin and each new member will receive 5 FREE forex trading tools that help make up their algorithm library. After the 11 spots are filled, the 5 FREE trading tools will be removed for new members.

Reserve your spot tonight and check out a system that can give massive returns with very low draw downs, consistently.

Cheers!
Alex

PS - They are so confident in their system that if you are net negative with them after 60 days, they give you a full refund. Either they make money for you or they don't charge you...the ultimate NO RISK trial.

Signup For The 60-Minute Webinar that Demos the System:
Last Chance Here

WARNING!!!!! I just received an solicitation in one of my email accounts to view another ITM webinar. The first webinar I watched that sucked me in and got me to pay$1500 was almost the exact repeat of this one. The names were changed but all the links directed me to the exact same pages as the other webinar except the payment page. The cost is now only $497.http://www.onlinemeetingnow.com/semi...com&name=Jesse. Any idea why I am having trouble inserting charts in jpg format? Can't finish this discussion without the facts. The tactics they are using are by design and very polished and deceiving. I need to post these charts. Picture worth a 1000 words.

Review Moderation Team Note: Please add the charts in the forums discussion thread. If you are having issues adding charts there, please use "Contact Us" and someone on the forums team will try to assist you.

1. Firstly, unlike 99% of other companies, ITM Financial is Authorize.net Certified.

Click the image below to verify our Authorize.net Security & Verification Status:
Authorize.Net Merchant - Click to Verify Merchant Services
Payment Processing

2. Now that you know you're 100% safe, we've made our Refund Policy even easier to understand, and fair to every one of our members.

3. SAFETY Benefit #1: YOU have full control over your lots or position size with the ITM Trade Copier Service! We do not control your position size, just your Stop Loss (max 30 pips on Intraday trades)

4. SAFETY Benefit #2: You can use a Demo or Real Account with the ITM Trade Copier Service.

5. The Refund Policy is Simple. If after a minimum of 60 days of trading ITM Financial Signals (all our results are Verified by our Real Account on Myfxbook), the number of pips lost is greater than the number of pips won (i.e. you lost pips overall), we will process a Full 100% Refund of your payment(s), no hassles, no problems, no this and that - Straight-forward Refund.

That is how confident we are in our services.

Your Success is Our Success as a company.

Let me address their refund policy.

ITM is Authorize.net certified. Go to Authorize.net and see what that really means. I used authorize.net at my previous business .. they process credit card transactions... to be certified all you need to do is proof you have a checking account (like pay paypal) That is their number 1 big claim.

Number 2 means nothing. Check it!!

Number 3 means that if our software messes up you can control the damage. Thanks a lot for that option!

Number 4 means that since we don't trust our own signals you have the option to run in demo mode. What a deal!!

Number 5 is the best... They guarantee that if over a 60 day period you don't LOSE money than you have bought the product. What a deal. They take the risk that they may be positive over 60 days even if its only by 1 pip and then you own the software. Pretty good gamble on their part. What do they have to lose. Maybe they have to refund 50% or more of the product but its just software. How big is their technical support staff anyway. Has anyone talked to anybody other than Shawn or Ali. I don't think so but they pitch this in there webinar like they have a support staff of 20-50 people. Scam!!!!

WARNING!!!!! I just received an solicitation in one of my email accounts to view another ITM webinar. The first webinar I watched that sucked me in and got me to pay$1500 was almost the exact repeat of this one. The names were changes but all the links directed me to the exact same pages as the other webinar except the payment page. The cost is now only $497.http://www.onlinemeetingnow.com/semi...com&name=Jesse. Any idea why I am having trouble inserting charts in jpg format? Can't finish this discussion without the facts. The tactics they are using are by design and very polished and deceiving. I need to post these charts. Picture worth a 1000 words.

2013-05-29 No Rating I have had the ITM product for 61 days now. Following is my request for a refund:

I have now had the Product for 60 days and the pip total is negative. Please refund my purchase per your 60 Day Guarantee.

Vanessa Smith
Order ID 350
email: douglasclang9999@gmail.com

The statement of my account with comments is attached.

Also below is Curt's email to me about 30 days ago telling me I was going to miss a huge run and they could not give me a refund if I disputed the charge with AmEx. It didn't say anything about disputes in their 60- Guarantee. I will post let everyone know what the result is.


Douglas,

I have been monitoring your conversation with Shawn.

According to game theory, you should not refund now. You are ripping yourself off.

To whit:

1. You get a full refund on day 60 if you are net negative just like you agreed upon signing, so you are only 30 days out from that.

2. If we are negative, you get a refund, if we end up positive, you are about to miss a HUGE run.

3. If you chargeback now, we challenge it based on our digital signature and refund policy. We win about 80% of these types of chargebacks. If we win, you never get your money back since we can't refund a chargeback dispute. You loose it all.

It is in your own self interest to wait the 30 days you signed up for. You are guaranteed to get it all back or get on a big run. You chargeback now, you risk losing it all (membership charge) and miss a big run.

There is no possible way a chargeback helps you right now, it is not even in your own self interest to do it.

What am I missing?

Curt

2013-05-14 No Rating Does the data support their sales and marketing claims? I've bought many products. It's a serious accusation to say a company is running a scam. So how do I define a scam. My criteria is when a company puts forth sales and marketing information via press, webinars, or websites that cannot be substantiated by facts and ultimately can cause the customers of the company to suffer mental and financial damage. So from this perspective I lay out my case. First, what does the company claim. This is most important. I'll attach some files, but here is the text directly from their website:
1) Catch 300+ Pips Per Day With ITM Financial The World's #1 Rated Forex Signals Engine!
2) Average Wins = Twice of Average Losses | Win/Loss Ratio of 60-70%.
3) Regularly Featured in The Wall Street Journal, Yahoo! Finance & More Top News Publications.
4)Performance By Currency Pair

Currency Pair Pips
EUR/USD 1258
GBP/JPY 2164
EUR/JPY 821
GBP/USD 965
USD/JPY 1094
USD/CAD 1633
NZD/USD 965

5) 100-500 pips per week
6) The chances of having a NEGATIVE P/L in any given month, are almost ZERO PERCENT. That is how confident we are in ITM Financial Services.

The only independent source of data that they have provided is from myfxbook and even though its only 7 months of data, its the data that they refer customers to when questioned about the performance of their system.
Item 1. They have had 1 300+ day in 165 days does that qualify as the lead BOLDED headline for their system. Definitely deceptive.
Item 2. They claim twice as many wins as losses so that's 67%. myfxbook has their win/loss at 50% and on a weekly basis it is also 50%. Over a period of 33 weeks. Not is statistically significant and claim claim is not supported by the data.
Item 3. Go to the Wall Street Journal website and set the search to advanced and then 4 years of history. They claim they are regularly featured. They may be. The question I have is under what name. The only names I can find to search are: Internet time machine, ITM Financial, Forex Social Signals, and Curt Dalton. Nothing comes up under those searches. Maybe I just don't know how to use the site properly.
Item 4. Where is the data that supports these pip numbers by currency pair and why isn't it public and why doesn't it agree with myfxbook data. Are they weekly numbers, monthly, yearly.
Item 5. 100-500 pips/week. myfxbook has them at 817 pips thru 33 weeks. That is 25 pips a week. So on their low side of 100 they are overstating the data by 4 fold and on the high end they overstate by 20 fold. That is very significant and should not be used as part of their marketing if it is not verified.
Item 6. Chances of a negative month are almost ZERO. when 4 of your last 5 months do not agree with this statement it should be removed. It is no longer supported by the data.
Another issue I have is how they market the product through a mass webinar that I have watched twice and was the exact same both times. I do not believe it was live even though it was marketed as a live event. At least that's the impression I got. Only my opinion. I seen many webinars in the last 8 years of trading and this was one of those highly hyped webinars where you feel like if you don't buy before it ends there won't be any product left. Almost like the kind that say there are only 500 copies and then show the counter ticking down as the webinar progresses. Also, they would not take any questions. That was either by design or it was a prerecorded webinar. Near the end of the webinar they talk about the Iron Clad 60 Money Back Guarantee. They don't mention the fact that is only valid if you are at a net pip loss after 60 days. At least I never heard them say it and I've watched it twice. Its not until you are checking out that you may or may not realize that's the deal. I thought it was very misleading and I find their entire Sales and Marketing campaign to be a major misrepresentation of the evidence and not supported be any other independent data they are willing to release. I feel liked I was lied to. Suppose after 60 days by their calculations the system was plus 1 pip. You think that's what I thought I was buying after looking at 300+ a day, 100-500/week, Zero chance of a negative month. This is false advertising at this point and they need to back off their false claims and refund my money no questions asked.

2013-05-09 1Star SCAM OR JUST GROSS MISREPRESENTATION .... YOU DECIDE!

Before I start here's a little background on me. I'm 55 years old and have been trading Forex and Futures for 8 years fulltime. I am a registered Professional Engineer in the State of Maryland and have a minor in mathematics from Virginia Tech. You can check on the Professional Engineering liscense by going to the link below: (for the links to work properly just cut and paste them into your browser)

Maryland Board for Professional Engineers - Division of Occupational and Professional Licensing

I bought a copy of ITM Financials mirror product a little over a month ago and I wanted to give my opinion on the product based on research I have done. It seems that the product was developed based on research and software created at 'the internet time machine'. You can go to this link to see what that was all about. Its basically advanced social media marketing software and this link shows how it can be used.

The Internet Time Machine - So How Does The Internet Time Machine Really Work?

I bought the software based on an online presentation that was full of hype and promises about how good the signals were. It was a very typical marketing presentation that starts with an extremely credible yet high pressure sales technique where a real person tells you about how this is the deal of a lifetime generating 1000 pips a month and then explains that I have nothing to lose because of the iron clad 60 day money back guarantee and then they only selling 500 copies of the software at a discounted price of $500, so the cost is only $1500. It turns out that the guarantee is as iron clad as I thought. Before you ever consider buying what I bought for $1500 I would try going to this link and getting a monthly version with a full guarantee

ITM Financial - The Forex Revolution Begins | ForexSocialSignals.COM | Voted #1 for Accurate Forex Signals

This next line is a line directly from the guarantee I evidently agreed to. Although we are still discussing that matter.

"THE CHANCES OF HAVING A NEGATIVE P/L IN ANY GIVEN MONTH, ARE ALMOST ZERO PERCENT. THAT IS HOW CONFIDENT WE ARE IN ITM FINANCIAL SERVICES."

Based on this statement and the results from the independent study along with their marketing representations (or misrepresentations) I would have to say this is Either GROSS misrepresentation or an outright SCAM.

They will not give me a refund at this point because they say I have to use the product for 60 Days and if my net pips are a loss then they will give a refund. There is a big problem with that scenario. They're counting of pip loss is different than everyone else's because they base theirs on data from myfxbook and have FINfx set up as their Broker. Go to this link and look at their performance to date:

ITMF Mirror #1 - (NeuroTech OS - Platinum Nexus & Above) System | Myfxbook

They have lost money 4 out of the last 5 months and are only in the green because of a great start in October and so far through May 8 they are down -6.54%. So they need a heck of a run to turn positive in May. Their system clearly is suspect and not in agreement with their marketing hype.

These are the results without accounting for the fact that you probably aren't using the same broker they are and your spreads will differ because of that..

December 2012 -1.86%
January 2013 -5.81%
February 2013 -.68%
March 2013 +6.8%
April 2013 -9.91%
May (thru 8th) -6.54%

Here is a sample comparison of Broker pips spreads directly off of the myfxbook site. As you can see the spreads vary greatly especially on the EURUSD pair which is the one the system trades the most. So how can that have a guarantee based on net pip loss when every broker is different. I can tell you that the pip gains or losses I see on my screen are not the same as there's and there is no mistake on where they are trying to get in and out of trades. You get and email of the exact entry and exit points. Their's will not be the same as what you see on the myfxbook site. Sometimes they are close and sometimes they are off by a few pips. When you add a few pips over 284 trades that they have so far in the myfxbook model it can add up. Just be aware and be careful about that.

EUR/USD GBP/USD USD/JPY GBP/JPY USD/CAD EUR/JPY USD/CHF
FINfx .7 1.6 .8 2.1 1.2 1.5 1.9
FXCM 2.1 2.1 2.1 4.3 2.8 2.4 2.2

These are the results without commission adjusted from myfxbook:

December 2012 -1.86%
January 2013 -5.81%
February 2013 -.68%
March 2013 +6.8%
April 2013 -9.91%
May (thru 8th) -6.54%

You may also want to do some research on the Company itself before dishing out $1500. In my opinion its always better to be careful when you're dealing with a relatively new business and product because a 60 day money back guarantee isn't worth its weight if it can't be paid back. I'd love to hear from anyone that has received a refund on the $1500 product. By the way, if you call there to request a refund you will end up talking to Shawn and he was very nice when I dealt with him. If you want to talk to the CEO you are looking for Curt Dalton. Google him and you can get his specifics. You can send me an email at jessejenx@gmail.com and I will respond.

2013-05-11 1Star I was reading through, ym leong, singapore, Singapore review and twice he mentions that the slippage and price differences are 2-3 pips. First glance that doesn't seem like a big deal, but when you take those 2 pips x 320 that's a total of 640 pips. That almost completely wipes out all the profit from the myfxbook results of 825 pips in the positive over a 33 week period. They have averaged 25 pips/week yet have claims of 300+ days (which did happen once in 33 weeks) and 100-500 pip weeks. If other people are finding the same slippage and difference in entries and exits the data which is already bad falls completely apart. FINfx spread on the EUR/USD is quoted at .7 which is very low compared to other retail brokers. Just something more to considered.