The advertisements showed accounts starting with $200 - $500 balances growing to $5000 - $8000 in less than an hour. That seems like a good idea. I paid the fees including the upgrade to premium status. I funded the broker account with $1000 to get started. At first nothing happened so I called the support line to see if something had not been turned on. The response was "Wait for the system to find the right investment."
Then some relatively ridiculous trades were made that lost money. I started sending emails to the support team asking why my account was not looking like the demonstration accounts. No aswers for the first 2 weeks. However everytime I would send an email asking why my account was not doing something, a few trades would be executed, most of them losers.
I called the support line again and demanded to talk to the person that I had spoken with before. He talked through a whole sequence of (I suspect bogus) actions like resetting my account and connecting it to the server, etc. And I waited for another week with the same kind of results a few trades were executed (often 2 or 3 within a short time period) and then nothing. More than half of the trades were losers.
More than 20% of the capital in 2 different accounts has been depleted. I an waitng for the end of the week to see if anything changes. I suspect I will not see any recovery of that money.
When I went back to look at the program sales pitch again I noticed that the demonstration accounts shown had balances that were greater than 10 times the initial deposit, after the first hour, but the balance was static while we were shown the account (that was supposed to be shown in real time by pointing to the clock on the site) if the trading system was infact generating that kind of value, I would have expected the balance to be increasing at a rate of ~$80/min. There is no reason to expect a trading system to stop when you look at your account, mine doesn't.
The program touts a 60 day money back guarantee. But if you cannot get a message to them by email what good does that do? I called my credit card company and disputed the charge explaining that I did not get the service that I had paid for.
I spent my last 700 Eur with this nonsense. I have no money left at all. I am told they have repaid the amount they owe me onto my credit card - 1 eur - which was offered as a way of avoiding paying the 1000 Eur asked during one of the upsells and having all the rest previously paid stolen. Avoid this scam. Where is the money supposed to come from?
Richard Morrison is a con I saw his webinar on two diffrent occasions a month apart. In his webinar he sells a software that is suppost to trade binary options for you. The problem is before he even gets to the software in which he never shows working live he just shows you accounts with money in them in one he shows you an account with 4.4 million dollars in it and that is with some online broker, that is really dumb because no proffessional trader is going to leave that amount of money in account with some offshore broker who could close their doors in the morning. He then picks some random person on the webinar who he calls Marco that works at a restuarant in London who does not make no more than $1000.00 a month with a wife and two kids but has the money to fund a $300 account just like that to start trading on. Mystery Marco happens to be on both of his webinars two months apart. Well with his software he gets Marco to give him the log in information , after that during the webinar that lasts 2hours mystery Marco has $1300.00 in his account that the software traded for him. The funny thing we never saw the software work live. Richard just told us it was trading in the back ground making all of this money. The kicker is when Richard showed his account and the trades his software made which was in nov 2013 not an up to date trades like with in 24hrs or live trades at least. He had trades that were 60 binary options were he invested $20 but he had a pay out of $1000 he had other trades again that were $250 ,$100 and $75 that all had payouts of $1000 THAT IS IMPOSSIBLE no broker in the world is going to give you returns like that they would be out of buisness!!! Brokers give you a max of 70% on a sixty second trade so if you trade $100 and you win your return would be $170. Richard Morrison is full of crap. Stay away from this guy.
Richard Morrison Reviews
The advertisements showed accounts starting with $200 - $500 balances growing to $5000 - $8000 in less than an hour. That seems like a good idea. I paid the fees including the upgrade to premium status. I funded the broker account with $1000 to get started. At first nothing happened so I called the support line to see if something had not been turned on. The response was "Wait for the system to find the right investment."
Then some relatively ridiculous trades were made that lost money. I started sending emails to the support team asking why my account was not looking like the demonstration accounts. No aswers for the first 2 weeks. However everytime I would send an email asking why my account was not doing something, a few trades would be executed, most of them losers.
I called the support line again and demanded to talk to the person that I had spoken with before. He talked through a whole sequence of (I suspect bogus) actions like resetting my account and connecting it to the server, etc. And I waited for another week with the same kind of results a few trades were executed (often 2 or 3 within a short time period) and then nothing. More than half of the trades were losers.
More than 20% of the capital in 2 different accounts has been depleted. I an waitng for the end of the week to see if anything changes. I suspect I will not see any recovery of that money.
When I went back to look at the program sales pitch again I noticed that the demonstration accounts shown had balances that were greater than 10 times the initial deposit, after the first hour, but the balance was static while we were shown the account (that was supposed to be shown in real time by pointing to the clock on the site) if the trading system was infact generating that kind of value, I would have expected the balance to be increasing at a rate of ~$80/min. There is no reason to expect a trading system to stop when you look at your account, mine doesn't.
The program touts a 60 day money back guarantee. But if you cannot get a message to them by email what good does that do? I called my credit card company and disputed the charge explaining that I did not get the service that I had paid for.
similar experence
I spent my last 700 Eur with this nonsense. I have no money left at all. I am told they have repaid the amount they owe me onto my credit card - 1 eur - which was offered as a way of avoiding paying the 1000 Eur asked during one of the upsells and having all the rest previously paid stolen. Avoid this scam. Where is the money supposed to come from?
Richard Morrison is a con I saw his webinar on two diffrent occasions a month apart. In his webinar he sells a software that is suppost to trade binary options for you. The problem is before he even gets to the software in which he never shows working live he just shows you accounts with money in them in one he shows you an account with 4.4 million dollars in it and that is with some online broker, that is really dumb because no proffessional trader is going to leave that amount of money in account with some offshore broker who could close their doors in the morning. He then picks some random person on the webinar who he calls Marco that works at a restuarant in London who does not make no more than $1000.00 a month with a wife and two kids but has the money to fund a $300 account just like that to start trading on. Mystery Marco happens to be on both of his webinars two months apart. Well with his software he gets Marco to give him the log in information , after that during the webinar that lasts 2hours mystery Marco has $1300.00 in his account that the software traded for him. The funny thing we never saw the software work live. Richard just told us it was trading in the back ground making all of this money. The kicker is when Richard showed his account and the trades his software made which was in nov 2013 not an up to date trades like with in 24hrs or live trades at least. He had trades that were 60 binary options were he invested $20 but he had a pay out of $1000 he had other trades again that were $250 ,$100 and $75 that all had payouts of $1000 THAT IS IMPOSSIBLE no broker in the world is going to give you returns like that they would be out of buisness!!! Brokers give you a max of 70% on a sixty second trade so if you trade $100 and you win your return would be $170. Richard Morrison is full of crap. Stay away from this guy.