UTRADE - UFAIL
Beware of Utrade!! You’d lose your money!!!
In the first 2 weeks I made 4%, which was very impressive. Their sales rep, Kobi, called every few days with attractive offers to add money and get free service and put me on a special robot for big accounts. I made the mistake and added up to $100,000…
Since then, the graph went flat, and every time I asked them why, they told me that the Robot need to “learn” my account and that soon it will pick up. This went on for another 3 months, until one day – BANG!! I lost 30% of my money in one day!!
I called them to check how it happened, and they told me that if they add 30,000 to my account they will be able to recover it soon. The Graph kept being FLAT!! 3 months went by, and then – BANG!!! – another 30% down in one day!!
I went to meet their CEO, and asked how come my account didn’t perform like their Graphs and how do they plan to compensate for these 2 deep-dives that their Robot created. He told me that he is always showing on the website the Robots that did best, and removes graphs that lose 30%. I learned that that the robot is failing many investors. He certainly wasn’t about to compensate me for this mis-leading.
Do your own math. Attached is a capture of my 7 months account graph. Look at it, and Beware!!
Beware of Utrade!! You’d lose your money!!!
In the first 2 weeks I made 4%, which was very impressive. Their sales rep, Kobi, called every few days with attractive offers to add money and get free service and put me on a special robot for big accounts. I made the mistake and added up to $100,000…
Since then, the graph went flat, and every time I asked them why, they told me that the Robot need to “learn” my account and that soon it will pick up. This went on for another 3 months, until one day – BANG!! I lost 30% of my money in one day!!
I called them to check how it happened, and they told me that if they add 30,000 to my account they will be able to recover it soon. The Graph kept being FLAT!! 3 months went by, and then – BANG!!! – another 30% down in one day!!
I went to meet their CEO, and asked how come my account didn’t perform like their Graphs and how do they plan to compensate for these 2 deep-dives that their Robot created. He told me that he is always showing on the website the Robots that did best, and removes graphs that lose 30%. I learned that that the robot is failing many investors. He certainly wasn’t about to compensate me for this mis-leading.
Do your own math. Attached is a capture of my 7 months account graph. Look at it, and Beware!!