Intelligent Traders Ltd

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billyboy

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Hi, I came across some literature from a company called Intelligent Traders Ltd. They offer a scheme whereby you invest a minimum of £2.5K and in return they send a daily email giving you a short list of trades both buy and sell for you to place. If they believe there are no worthwhile trades then the email will state that They refer to their system as "pairing" i.e. pairing shares one to go long the other to go short (hedging?). Every month your payment to them is 20% of £2.5K ie. £260. They claim good results, which on checking appear to be correct (but this could be retrospective on their part). One thing though, they have a preferred spread betting company, who you are required to open an account with, for which "Intelligent Traders" get a commission. Apart from this I can't find anything else. It sounds too good to be true... and probably is.

So.. I guess my question is Has anybody else heard of them and had any dealings with them? I have to say I'm dubious, but I'm struggling to find the catch.
 
billyboy said:
Hi, I came across some literature from a company called Intelligent Traders Ltd. They offer a scheme whereby you invest a minimum of £2.5K and in return they send a daily email giving you a short list of trades both buy and sell for you to place. If they believe there are no worthwhile trades then the email will state that They refer to their system as "pairing" i.e. pairing shares one to go long the other to go short (hedging?). Every month your payment to them is 20% of £2.5K ie. £260. They claim good results, which on checking appear to be correct (but this could be retrospective on their part). One thing though, they have a preferred spread betting company, who you are required to open an account with, for which "Intelligent Traders" get a commission. Apart from this I can't find anything else. It sounds too good to be true... and probably is.

So.. I guess my question is Has anybody else heard of them and had any dealings with them? I have to say I'm dubious, but I'm struggling to find the catch.
Click to expand...

20% of 2,500 is £500.
is this payable irrespective of profitability? if so, maybe thats your catch.
do you they send you such a long list of options, that you couldnt trade all the signals, and then retrospectively tell you which ones you should have gone for?

would they need to generate 20% profits for you, just for you to stand still?
ie, they make 20% growth for you, ie, £500, which goes right back to them as fees.

if they mess up, you still pay them £500?
 
Hi Trendie, Thanks for the quick reply, I made a slight **** up. Its actually 20% of the profit you make. Here's a quote from their document "Let’s say you are trading with £2,500. And at the end of your first four-week trading cycle, we’ve turned that £2,500 into £3,800. That’s a profit of £1,300. You pay Intelligent Traders Club just 20% of the profit you’ve made, which is £260, leaving you with a healthy £3,540 in your account."

With regards to the list of options its five paired trades.
If in one of their trading cycles (4 weeks) they make an overall loss then you pay nothing.
You will always be expected to pay 20% of profits based on trading ALL the positions indicated by the Intelligent Traders Club’s system.

They claim an 81% success rate their best cycle brought in a return of investment of 77% there worst was 6%.

It all sounds too good to be true.... there has to be a catch somewhere.. just can't work it out, yet
 
I am thinking of selling signals for people who have the time to sit in front of their screens all day. I can easily make you 20% a month. Any takers?:)
 
FXSCALPER2 said:
I am thinking of selling signals for people who have the time to sit in front of their screens all day. I can easily make you 20% a month. Any takers?:)
Click to expand...

I can make you 25% and I'll compete with his prices. ;)
 
So err, how much you going to charge FXSCALPER2?
 
Well I'm starting a new service called "Retard Traders Ltd."

That's right. You give me all your money and I keep it.

:cheesy:
 
rols said:
Well I'm starting a new service called "Retard Traders Ltd."

That's right. You give me all your money and I keep it.

:cheesy:
Click to expand...

trader and retard are anagrams of each other.
is there some deeper truth revealed in that, do you think?

EDIT: is anyone else just plain bored?
 
I'll do 20%, although much lower than the others. I will throw in a free pen which is yours to keep even if you decide to take up the money back guarantee within the first 5 minutes of placing your order. The pen is very special, it will help you keep all those results you so deeply need to remind you of the millions you are making, and best of all features a girl in a bikini and when you tip it upside down...she takes her clothes off....marvelous.


please note: order processing time: 6 minutes.
 
billyboy said:
It all sounds too good to be true.... there has to be a catch somewhere.. just can't work it out, yet
Click to expand...

...well your first post indicated that they might be acting as an introducing broker of sorts for a spreadbetting firm

plus they are taking a % of profits - given that you'll get punters signing up at various stages then you could give completely random recommendations over a period of time and a portion of the clients will be in profit for a period

might be a scam - might just be a bunch of people who genuinely believe they are providing a decent service - either way I doubt very much that you'll get a free lunch out of it
 
Well.........it seems all you have generated are very useful replies to your question.I too had the smae offer from them.Its something i would like to do however as in these things :You either jump into it and do it.Or ask.When you ask this is all you will get.All contructive and positive replies.This now leaves you in a dilemma:what to do as now you have too many offers!!
 
Did anyone actually try this in the end? They do a 4 week free trial for which I am receiving their 'picks' at the moment. Only been running it for 3 days and no profit yet... Still very sceptical but it did appear in Jack Haldanes weekly email recently.

Appreciate comments and thoughts
 
billyboy said:
It all sounds too good to be true.... there has to be a catch somewhere.. just can't work it out, yet
Click to expand...

There's no catch - because there doesn't need to be. They get commission from the SB firm, plus a % of any profit they generate. So they will make money whether you make money or not. They cannot lose. Whereas you can.

One thing to bear in mind is that they will charge you based on their calculation of the profit, not your actual profit. Their calculation of profit will be theoretical and based on their signal price, whereas your profit will be based on your actual price.

So they will take no account of slippage, or if you miss a trade or make an error or any of the other stuff that plagues us day in day out.

So it would be possible for you to end up paying more than 20% of your profit to them.

And then of course there is always the risk that you will lose your £2.5k. But that risk exists however you generate your trading signals.
 
Thanks for that.

The free trial on the demo account will end where I intended it to. Was just curious really.

If something seems too good to be true then it generally is.
 
I tried it . If you cannot do your research then perhaps this may be easy to use , however note Poker Brats comment as they apply here .I personally will not be giving them any business as its possible to do the same thing they offer but simpler .Rather than focusing on shares i would focus on sectors.
 
Intelligent Traders Club system.
Tried it for a month or so. Big mistake – I was following ITC advised trades with real money.
I was not aware as I trade FX a lot and made profit there and my equity was rising, but not much as I expected. Than came to a good idea to check ITC advice related trades – that was a massive loss.
It's usually not my style to follow somebody else's advice blindly, but this time I made a mistake.
Hope this makes other people more cautious when thinking about following advice blindly.
Personally I would avoid them like a plague (even if they advised for free).(n)
 
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