onetwotrade and their fake testimonial(s)

Samtogoforex

Junior member
10 0
Of course you shouldn't, they use fake testimonials to try to get people to give them money. How can you trust people like that?

Hi. is that true that they are using fake testimonials just to encourage people to trade with them? that's really unfair. Do you have list of brokers that are not legit? I'm new to this business... i just want to be very careful.

Thanks.

Regards,
Sam
 

pboyles

Legendary member
8,072 1,303
Any company that is offering signals or magic software is a scam. Just forget about forex, the industry is set up to take your money, nothing else, it's just a casino.
 

pboyles

Legendary member
8,072 1,303
And never get involved with any company that involves you sending your money to an offshore jurisdiction. If they go bust you will get nothing.
 

pboyles

Legendary member
8,072 1,303
Hi. is that true that they are using fake testimonials just to encourage people to trade with them? that's really unfair. Do you have list of brokers that are not legit? I'm new to this business... i just want to be very careful.

Thanks.

Regards,
Sam

Regarding brokers stay well clear of any of them that are registered in Cyprus, Malta or the Seychelles. They register in these places to avoid proper regulation and proper protection of client funds.
 

neil

Legendary member
5,167 750
Hi. is that true that they are using fake testimonials just to encourage people to trade with them? that's really unfair. Do you have list of brokers that are not legit? I'm new to this business... i just want to be very careful.

Thanks.

Regards,
Sam

FFS.....like shooting fish in a barrel. If I didn't have a conscionce I would set up a "get rich for **** all effort" thread on T2W:devilish:
 

Samtogoforex

Junior member
10 0
If anyone wanted to deal with a financial services related company they'd like to know that they werent a bunch of fly by night chancers. You'd perhaps like to see some testimonials from happy customers, right?

Well onetwotrade.com have been generous enough to provide some. They would no doubt convince Jungerns and the Davie Roberson crew.

Here's one from a nice looking lady called Rebecca T.

Customer since 2011
“My friend joined OneTwoTrade and then a few months later told me I should try it. I’d never traded anything before in my life, and I didn’t think it was right for me - I can barely check my email! But after some convincing, I logged on, and I’ve never looked back. The site is SO easy to use, the product is incredible, and the customer support is amazing for when I need some extra help. Thanks!”

Hi pboyles,

Do you think that is a fake? I guess everyone is trying to impress their own companies to convince people. I hope innocent people will not be a victim. I would appreciate if forex companies if will act "REAL" negative or positive comments. But for me personal experience is a big point in checking if it is fake or real.

Have a lovely day!

Regards,
Samtogoforex
 

pboyles

Legendary member
8,072 1,303
Hi pboyles,

Do you think that is a fake? I guess everyone is trying to impress their own companies to convince people. I hope innocent people will not be a victim. I would appreciate if forex companies if will act "REAL" negative or positive comments. But for me personal experience is a big point in checking if it is fake or real.

Have a lovely day!

Regards,
Samtogoforex

Yes it's fake, if you read the whole thread you'll see where they copied the photos from.
 

lloydbee

Well-known member
275 17
Their homepage says you can learn to trade in just 70 seconds! I'll be back in 2 minutes...
Aren't so many of us fools for spending year after year learning to trade..

Funny thread, was an entertaining read from start to finish )))) especially the edited screenshots, nice one Pbolyes

Domain Name: ONETWOTRADE.COM
Created on: 12-Jul-10
Expires on: 12-Jul-20
Last Updated on: 30-Jul-11

Registrant: Up and Down Marketing, LTD
 
Last edited:

pboyles

Legendary member
8,072 1,303
I see the new thread about onetwotrade disappeared very quickly today when I mentioned their fake marketing.
 

p.jinks

Newbie
4 0
Well I signed up with onetwotrade last night and deposited £1000. The website looked impressive - better than GoOptions that I have used for a few months, having many more assets to trade in flexible ways and with a more user friendly interface. This was after my contacting a YouTube subscriber who turned out to be a "client manager" for onetwotrade. OK you probably know where this is heading! Stupidly I should have researched onetwotrade before parting with my 1000 squid. Having now parted with said £1000, I have requested an immediate refund back to my credit card. This was after my personal client manager no less, sent me various screenshots of clients accounts showing great performance. On close examination of these accounts, the opening times and expiries didn't look right. It turned out that he had clicked on the profit column to basically select the top 25 performing trades from the over 200 listed and just created a screenshot of those top 25 which, surprise surprise, were all winners. It would have been interesting to have seen the last page filtered in this way!

I think onetwotrade are basically trying to enlist as many new clients as possible by trolling any YouTube video related to trading and then aiming to get new clients to fund their accounts with as large a sum of money as possible. We we can probably guess the outcome from there onward - losses followed by more deposits. Why was I suckered in? Well I'm sorry to say that the guy did really seem genuine and knowledgeable and I was taken in by his spiel. I must be getting more gullible in my old age.

But there is an attraction of this way of trading I must say. Is it gambling? Well not if you have a statistically proven edge that operates over the option timeframe eg one bar on the hour chart. If you are just having a punt to allay boredom then of course it's gambling but like all trading if you are operating a system in a disciplined way then no it isn't. The main problem with this trading as far as I can see is that all the companies are based outside any UK protective jurisdiction and so you are taking a big gamble on the actual trading company as well as the actual trades. What I do like is the absence of any spread at the entry point. For example if you consider that the next bar on the one hour chart will close lower you only have to be correct by half a pip and you take profit a the end of that bar. This i thought was easier than trying to decide when to take a profit or to take a loss in a conventional way of trading. So currently I am writing indicators in mt4 to trade binary options. I'll let you know how I get on!
 
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hotshot12

Newbie
2 0
Well I signed up with onetwotrade last night and deposited £1000. The website looked impressive - better than GoOptions that I have used for a few months, having many more assets to trade in flexible ways and with a more user friendly interface. This was after my contacting a YouTube subscriber who turned out to be a "client manager" for onetwotrade. OK you probably know where this is heading! Stupidly I should have researched onetwotrade before parting with my 1000 squid. Having now parted with said £1000, I have requested an immediate refund back to my credit card. This was after my personal client manager no less, sent me various screenshots of clients accounts showing great performance. On close examination of these accounts, the opening times and expiries didn't look right. It turned out that he had clicked on the profit column to basically select the top 25 performing trades from the over 200 listed and just created a screenshot of those top 25 which, surprise surprise, were all winners. It would have been interesting to have seen the last page filtered in this way!

I think onetwotrade are basically trying to enlist as many new clients as possible by trolling any YouTube video related to trading and then aiming to get new clients to fund their accounts with as large a sum of money as possible. We we can probably guess the outcome from there onward - losses followed by more deposits. Why was I suckered in? Well I'm sorry to say that the guy did really seem genuine and knowledgeable and I was taken in by his spiel. I must be getting more gullible in my old age.

But there is an attraction of this way of trading I must say. Is it gambling? Well not if you have a statistically proven edge that operates over the option timeframe eg one bar on the hour chart. If you are just having a punt to allay boredom then of course it's gambling but like all trading if you are operating a system in a disciplined way then no it isn't. The main problem with this trading as far as I can see is that all the companies are based outside any UK protective jurisdiction and so you are taking a big gamble on the actual trading company as well as the actual trades. What I do like is the absence of any spread at the entry point. For example if you consider that the next bar on the one hour chart will close lower you only have to be correct by half a pip and you take profit a the end of that bar. This i thought was easier than trying to decide when to take a profit or to take a loss in a conventional way of trading. So currently I am writing indicators in mt4 to trade binary options. I'll let you know how I get on!


Hey,

Have you had a look at betonmarkets? They offer 95% on up/down bets compared to 70-75% at onetwotrade.
Ive been using betonmarkets for a couple of months now after all my financial fixed odds betting accounts have been "restricted" for making too much profit!! From reading some old threads this has happened often to other members here.
Anyone know if Betonmarkets will close your account ( i.e impose restrictions on your account as to make it impossible for you make significant profits) if you are consistently profitable??

P.S Bet the under for NFPs on Friday.
 

kc2811

Newbie
1 0
this is the sales pitch that is pasted onto youtube, under the video

"How I earned $700 in under one hour with my free Binary Options System"



Vicky Sum 10 minutes ago
I am a professional Binary Trader making £8,000 a week. From my personal experience, Binary Options are a great way to make money, whether you are experienced or a beginner.
In truth, Binary Options without proper guidance and discipline can lead to losses. But just like a child learning to ride a bike for the first time; with the right training and guidance, anyone can do it.
I currently teach people how to trade Binary for free. e-mail me on: [email protected]


this is the second time i have replied to their brokers, the pitch is exactly the same, only this time the name is different


i then did some searching...


and discovered some valuable insight that comes from former employees of this firm, based in Aldgate, London

“will never be a 9 to 5 job”
Former Trader in London, England (UK) – Reviewed Aug 15, 2012
Pros – financial rewards if you are prepared to work work work and be pushed to work, one trader earnt 12k in two weeks, how often this happens though Im not sure.
Cons – long ...long hours, you will live for the weekends, even then most of the guys in the office are so tired they spent most of their saturdays sleeping.
no results your out the door, i was told this on day one, was also told to not come and ask for holidays.
some times rude comments from management/ trianer, can come across as a bullying/power trip type.
extremely high turnover, many do not return after the 3 day training.
it is comission only - and you are expected to sign someone up on day one as part of 'training homework'.
Advice to Senior Management – dont talk down to staff.



Former Broker in London, England (UK) – Reviewed Mar 7, 2013
Pros – Can learn alot about the stock market. Very Motivational Trainer. Ryan Stevenson
Cons – Not transparent with regards to the fact that you earn NO BASIC, Constantly trying to sell you a fake dream. Extremely High Staff Turnover. Very unprofessional, scruffy looking young boys who work on the trading floor.( makes you feel like you're back in college) Have to generate business for the company before you've even signed a contract. Refuse to talk about what you'll earn instead ask you how much you want to earn and how hard you need to work to get there. Very 1970's style sales techniques taught by the co trainer, reminds me of Delboy from only fools and horses. Constant swearing and vulgar language. Doesnt feel like you're working in the stock market.
Advice to Senior Management – Dont waste people's time. Hire intelligent professional people. Dont swear and be rude (it makes you look very unprofessional and look like a bunch of cowboys) Be transparent in the fact that its 100% Commission. Quit with the Delboy training methods. It's very cringy to watch and makes you feel like you've stepped back in time




“Don't believe the hype”
Former Employee – Reviewed Dec 10, 2012
Pros – A very small percentage of people earn high salaries. If you know people with a lot of money who you can sign up to their platform then you may be ok to start with.
Cons – 100% commision which is fine if you get good leads but the leads given to you are exceptionally poor, new starters are given leads generated from their website from 6 months ago or longer so you have to rely on sourcing your own business. Extremely high staff turnover, around 10-20% of staff have been there for 2 months or longer, the clever ones left sooner.
Advice to Senior Management – Be a lot more transparent about the opportunity your presenting




DO NOT BOTHER RESPONDING TO THE YOUTUBE PITCH, although the email interaction i had with the sales woman was friendly and professional , and very tempting to go forward and depositing a sum of capital to begin trading with

the firm is comprised of boiler room sales managers, who are 100% CERTAINLY NOT TRADERS who have recruited salesmen/women, who are also 100 % CERTAINLY NOT TRADERS

they will not make you any more money than flipping a coin and picking heads or tails

i expect there are many more short term desperate and fraudulent binary option startups just like this one out there
 

p.jinks

Newbie
4 0
this is the sales pitch that is pasted onto youtube, under the video

"How I earned $700 in under one hour with my free Binary Options System"



Vicky Sum 10 minutes ago
I am a professional Binary Trader making £8,000 a week. From my personal experience, Binary Options are a great way to make money, whether you are experienced or a beginner.
In truth, Binary Options without proper guidance and discipline can lead to losses. But just like a child learning to ride a bike for the first time; with the right training and guidance, anyone can do it.
I currently teach people how to trade Binary for free. e-mail me on: [email protected]


this is the second time i have replied to their brokers, the pitch is exactly the same, only this time the name is different


i then did some searching...


and discovered some valuable insight that comes from former employees of this firm, based in Aldgate, London

“will never be a 9 to 5 job”
Former Trader in London, England (UK) – Reviewed Aug 15, 2012
Pros – financial rewards if you are prepared to work work work and be pushed to work, one trader earnt 12k in two weeks, how often this happens though Im not sure.
Cons – long ...long hours, you will live for the weekends, even then most of the guys in the office are so tired they spent most of their saturdays sleeping.
no results your out the door, i was told this on day one, was also told to not come and ask for holidays.
some times rude comments from management/ trianer, can come across as a bullying/power trip type.
extremely high turnover, many do not return after the 3 day training.
it is comission only - and you are expected to sign someone up on day one as part of 'training homework'.
Advice to Senior Management – dont talk down to staff.



Former Broker in London, England (UK) – Reviewed Mar 7, 2013
Pros – Can learn alot about the stock market. Very Motivational Trainer. Ryan Stevenson
Cons – Not transparent with regards to the fact that you earn NO BASIC, Constantly trying to sell you a fake dream. Extremely High Staff Turnover. Very unprofessional, scruffy looking young boys who work on the trading floor.( makes you feel like you're back in college) Have to generate business for the company before you've even signed a contract. Refuse to talk about what you'll earn instead ask you how much you want to earn and how hard you need to work to get there. Very 1970's style sales techniques taught by the co trainer, reminds me of Delboy from only fools and horses. Constant swearing and vulgar language. Doesnt feel like you're working in the stock market.
Advice to Senior Management – Dont waste people's time. Hire intelligent professional people. Dont swear and be rude (it makes you look very unprofessional and look like a bunch of cowboys) Be transparent in the fact that its 100% Commission. Quit with the Delboy training methods. It's very cringy to watch and makes you feel like you've stepped back in time




“Don't believe the hype”
Former Employee – Reviewed Dec 10, 2012
Pros – A very small percentage of people earn high salaries. If you know people with a lot of money who you can sign up to their platform then you may be ok to start with.
Cons – 100% commision which is fine if you get good leads but the leads given to you are exceptionally poor, new starters are given leads generated from their website from 6 months ago or longer so you have to rely on sourcing your own business. Extremely high staff turnover, around 10-20% of staff have been there for 2 months or longer, the clever ones left sooner.
Advice to Senior Management – Be a lot more transparent about the opportunity your presenting




DO NOT BOTHER RESPONDING TO THE YOUTUBE PITCH, although the email interaction i had with the sales woman was friendly and professional , and very tempting to go forward and depositing a sum of capital to begin trading with

the firm is comprised of boiler room sales managers, who are 100% CERTAINLY NOT TRADERS who have recruited salesmen/women, who are also 100 % CERTAINLY NOT TRADERS

they will not make you any more money than flipping a coin and picking heads or tails

i expect there are many more short term desperate and fraudulent binary option startups just like this one out there

Well I have to be fair to onetwotrade at this point. I did get my £1000 money back (eventually) that I had deposited. after several stroppy e-mails This was after having wagered more than that amount in trades as per their Terms and Conditions. I got he money back to the credit card that I had funded the account with. So I am now in fact trading with the bonus money that they gave me when I deposited the £1000. Yeh betonmarkets looks better with higher payouts and the ability to create bespoke options expiries.

Has anyone had a go at the 60 second binary option strategies that are touted on YouTube as being sure fire winners? You basically look at the trading consensus chart on the binary website eg Traderush and if most people are buying puts for example you then enter a 60 second put trade with a stake of £5. If you win this you look at the trading consensus chart once more and if still short you do the same. When you lose you then immediately place a new trade with a £10 stake. If this wins you are up overall and you go back to trading £5. If you lose the £10 stake you immediately go short again and stake £25 and so on.
The spiel is that you may have t stake up to £100 but at this point you will always win doing this as the market never rises/falls more than 4 individual one minute bars when the consensus of traders is saying up/down.
This seems to good to be true. But according to the guys posting this they are showing live accounts going from a few hundred pounds to may thousands in a few days. Is this BS? Apparently you can open a demo account with Traderushto potentially validate this trading approach with virtual money. I think I'll give this a go.
At the moment I am still trading binaries on onetwotrade using mainly Gold and Silver on the hourly expiry options and these pay out 80%. I am getting a hit rate of 2:1 wins:losers at the moment using an EBay system (Binary Trader Pro) that was only a few quid.
 
 
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