Xpertrader - Fraud Squad investigating Chris Pay

ragingcat

Newbie
I have received a letter asking me whether I have invested any money with Chris Pay

Has any one experience anything like that.

I suggest every one be care full about all these expert claiming to make money.

Only thing to remember is if they are so good why do they want to share their success? Why do they not sit in a nice office making money rather then selling software and seminars teaching people how to make money on he stock market. Another guys who comes to mind is Darren Winters free seminar. Why any one would be running a free seminar in hotels? Out of goodness of his hear? LOL

Please stay away from these seminars and if you go there do not sign up. everything you need to learn can be learnt by buying inexpensive books and video etc.

Ther is no easy way to make 1000s of pounds on stock market. the fact is that only less then 5% of spreadbetter and daytrader make any money.

So save your 1000 by avoiding these seminars. Another popular con is those property seminars where they charge you few thousands. You can learn by buying buy to let guide from Arla.

"Nothing in life is free and if it is too good to be true then it is not true" if you remember this two then you are less likely to lose money to crooks. Stay away from anyone calling asking you to invest money in shares. Boiler room scam .

Only deal through reputed stock brokers and do your own research and report any suspicious looking scheme to Daily Mail or trading standard officer.

and share your experience or warn others on this board and your friends and relatives at every opportunity.

Happy investing.
 
You've lost me I'm afraid. Who or what is Chris Pay, and why the reference to Xpertrader in your title, when there is nothing in the text. And who was the letter from?

While it's OK to make factual comments, such as from personal experience, it is not usually OK to make a sweeping statement which is supposed to cover everyone, so if you could be a little more precise then it would be more helpful to everyone. :D
 

al-motor

Well-known member
Skim,

As i understand it, Chris Pay is the guy behind Xpertrader.com.........but i am not sure about the letter part !!

Al
 

taff

Newbie
I also have recieved corresspondence from the Kent Police (Fraud Squad). It goes on to ask whether or not I had any dealings with Chris Pay who as far as I,m aware was the guy who promotes the software named Xpertrader.

I took a free trial of his system some 2 years ago. Until very recently I was recieving e-mails from him detailing his latest.
updates.
 

robber

Member
same here, I can confirm that Chris Pay was the name behind XpertTrader. I took the trial and had a fair bit of disscusion with him both my email and on ADVFN (sorry his bb name escapes me). Some of the answers I got just didnt quite ring true at the time, needless to say I didnt hand over any money to him.
 
That looks like the very same blighter to me!

At the bottom of the section on Chris Pay there is this statement:
These transactions are handled for us by the leading payment processor, Worldpay.

I wonder if they are related? :cheesy:
 
Yes, I know Worldpay very well - it was a joke. Chris Pay and Worldpay ... geddit? Back to my burrow I think - and I hope you all enjoyed munching my chocolate relatives this weekend.
 

Rognvald

Established member
Skim
You'll like this one I'm sure! - Chocaholic Bunny
No sense of humour these peeps north of the border :cheesy:
 

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Chris Pay is Xpertrader. Besides offering software and training courses, Xpertarder ran investements clubs over the last 2 years, promising huge returns with a guarantee underwritten by Xpertrader. You can guess the outcome ... zero returns, angry people, Fraud squad gets involved and Xpertarder is , I believe shut down. The web site is closed and I am led to think that there are a number of legal actions pending with the first cout appearance next week. Stay clear of the guy
 

DaveJB

Experienced member
Ah - sorry Skim, didn't spot the incredibly elegant play on the name there.... and there's me doing 'crispy' only a post or two earlier!
 

Mayfly

Established member
If you go to www.xperttrader.com you’ll find that xperttrader has already “morphed” into protrader, whose principal website can be found here: www.protrader.co.uk This site’s full of surprisingly original material – you’ll no doubt be surprised to learn? :cheesy:

Contact information is as follows:

Professional Trader Limited
1 Kentons Cottage
Brighton Road
Henfield
West Sussex
BN5 9RT
Tel +44 (0) 1636 605058

The company no is 04608378 and the records at Companies House show that the company was incorporated on 4th December 2002.

Andrew White heads the systems development team… (must be a bit of a squeeze in the office?) ……….qualified and passionate, blah, blah! :D

Of course, there may be no connection between “Protrader” and Chris Pay and his mates; although I suggest that it might be a good idea if Andrew phones Kent Police on +44 (0) 1622 690690 in order to clear up any potential misunderstandings that people may have about these matters? :)

Cheers

Mayfly
 
Ahhh ... I believe that the company being investigated was Xpertrader (one T) whereas this one is Xperttrader (two Ts). So if there is no connection between the two companies, then ProTrader must be somewhat annoyed that they will be tarred with the same brush of Xpertrader (one T).

Xpertrader.com (one T) is registered as follows:

Registrant:
Xpertrader
P O Box 234
Margate, Kent CT9 4GE
GB

Domain name: XPERTRADER.COM

Administrative Contact:
Pay, Chris [email protected]
P O Box 234
Margate, Kent CT9 4GE
GB
441843295566

Whereas Xperttrader (two Ts) is:
Domain Name.......... xperttrader.com
Creation Date........ 2003-05-09
Registration Date.... 2003-05-09
Expiry Date.......... 2004-05-09
Organisation Name.... Professional Trader
Organisation Address. 1 Kentons Cottage, Brighton Road
Organisation Address.
Organisation Address. Henfield
Organisation Address. BN5 9RT
Organisation Address. West Sussex

So I'll edit the title of this thread to Xpertrader (one T) as ragingcat has used two Ts.
 

Mayfly

Established member
Hiya Skim,

Well, it's easy to become confused about this - it seems that the "police" may have locked the front door to www.Xpertrader.com - but it also seems that they've left just about every other entry point open - try the home page , for example?

I assume this must be the same site - Chris Pay's - we're talking about here?

Regards

Mayfly
 
The one we're talking about is Xpertrader (with one T); the other seems to be unconnected from what I can see from the information contained on the website, the contact details, and the fact that they are operating out of a Limited company. It looks like just an unfortunate coincidence in the choice of name - bad luck, eh, to have picked a name similar apart from one letter to another company being investigated by the fraud squad!

Nice find, Mayfly, on Chris Pay's site, Xpertrader.com (with one T). He was using that old chestnut of an outrageous claim: "Betting the markets one index trader turned £1000 into £650,000 in just 17 days!" There's no statement, of course, that he did it using Chris Pay's software, although the reader is left with the implication that it was achieved with Xpertrader (with one T).
 

rgsharp

Active member
Xpertrader/Chris Pay

Chris Pay used to use Microtraders services to give seminars and promote his products. I attended one of these and he was very confident / full of him self. Amongst other things, I was put off by him trading from a PO Box No.
Xpertrader.com & Chris Pay (if this is his real name) are one in the same.
 
 
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