Serving a Canadian-only clientele, Questrade is indeed one of the oldest online FX/CFD/Managed Investing brokerages in the world. As such, over the years, the operation has accrued hot and cold user feedback-wise. There are reviews out there praising every aspect of the operation, while some message boards feature nothing but negative feedback.

What exactly does Questrade offer though and why should you, as a Canadian (no one else can trade there) choose its services over the competition?

The operator claims to be the first and only Canadian financial company observing a customer-first policy. It was indeed the first Canadian brokerage to introduce penny stocks ($4.95 stocks) in 2006, at a time when normally, a single trade would set users back some $130. In 2008, the operator introduced the first registered accounts designed to hold USD as well as CAD, to allow users to trade US stocks, while sparing them the expenses associated with conversion. According to some of their users though, conversion fees are in fact charged by the brokerage…

Trailer fee rebates on mutual funds have been introduced in 2009, followed by commission-free purchases of North American ETFs in 2013. In 2014, Questrade Portfolio IQ – the first low-cost online actively managed investment portfolio, was introduced. 2017 was the year when the brokerage launched its mobile app.

Questrade cover

In addition to all the above perks, Questrade also feature account protection for their traders, up to $10 million.

The operation handles some $5.5 billion in assets, and it sees some 30,000 accounts opened every year. For 6 years, Questrade was elected one of Canada’s Best Managed Companies.

The Promotions section of the brokerage is filled with various deals carrying extra value. There’s a free eBook offered to new traders, aimed at easing them into the mysteries of option trading. Those who make use of a special coupon code, can secure 5 free trades. A newsletter with technical analysis is delivered through the Daily Ticker, and there’s a practice account available to those looking to trade the FX and CFD markets.

Traders who open a new account and deposit at least $25,000, get a month’s worth of free trades, coupled with advanced market data. Even after the expiry of the free trades deal, such users can subscribe to an additional advanced data plan and various other perks.

Questrade are obviously eager to have their clients transfer their brokerage accounts to them. In this regard, they offer an extra incentive, by covering the transfer-out fee.

Security at the site is trusted to Verisign’s EV SSL technology, the latest iteration of the well-known and proven secure socket layer solution.

Two main investment options are offered at Questrade: Self-Directed Investing (for those looking to trade on their own) and Portfolio IQ which is – as mentioned above – a low-cost, actively managed investment portfolio.

Through Self-Directed trading, users can trade 1cent/share stocks, they can buy ETFs commission-free and they can access powerful trading platforms. The minimum on the 1 cent stocks is set to $4.95, and the maximum to $9.95.

Options cost $9.95+$1 per contract, and while low FX spreads are advertised, these spreads actually start from 1.7 pips, which is not really that low by online trading standards. Rollover costs are also part of the package. Open positions will be rolled over every day at 5 PM ET. The costs involved depend on the type of product that’s being rolled over.

Those who elect to trade on their own at the brokerage, will also have their mutual fund fees rebated and their fees generally lowered through the myFamily feature, which allows them to link their trading accounts to those of their friends and family.

Portfolio IQ is a managed investment service, allegedly handled by professional traders. The service promises to help its users retire “30% wealthier,” a proposition which is indeed well within the limits of reason.

Through Portfolio IQ, investments are diversified and due to the much lower fees – when compared to an average mutual fund – profits are compounded much faster. The way Portfolio IQ is set up means that the more one invests, the lower the fees will be. Setting up the Portfolio IQ system is easy too.

First off, users are required to state their financial goals (based on which Questrade’s experts will pick a more or less aggressive investment strategy). Secondly, the system recommends the user an investment portfolio, which he/she can then review, and approve. Only after these two steps are completed, can the user proceed to open and fund the account. The profile creation process can be paused and saved at any time, and support can be requested too.

Questrade Platforms

The brokerage features three trading platforms, of which the handiest and most straightforward to use is the web-based Questrade platform. As such, this platform does not require a download. According to the Questrade site, their webtrader is much more than a trading platform: it is a complete environment, which – besides the features required for trading – brings fundamental analysis and multi-leg options to the table, too.

The IQ Edge platform is a downloadable one, which is aimed as professional traders and experts. Featuring a much more powerful suite of analysis tools, IQ Edge allows for trading environment customization and advanced trading orders. The software is compatible with Windows as well as Mac.

Questrade mobile is aimed at mobile devices users. The most recently released of the Questrade platforms, the mobile app is surprisingly powerful and versatile.

Should I Trust Questrade?

Despite the fact that there are many user complaints out there regarding the quality of various Questrade services, no one has yet claimed outright fraud. The operation is indeed legitimate, though if you are not a Canadian, the issue of trust is entirely irrelevant to you.

Question Marks and Red Flags

As said, the operation is legit, though the countless complaints posted by its users regarding their currency exchange fees, platforms and just about every other operational facet, certainly do raise a few questions.


Most of the above-mentioned complaints regarding Questrade’s services are rather old, posted in 2012-2013. The operator may have addressed those contentious issues since.

Questrade Review Conclusion

Questrade looks like a legitimate operation, but its services can only be accessed by Canadians. That makes it quite irrelevant for the overwhelming majority of the online trading industry. Its features are plentiful, as are the perks/promotional deals it offers. Though often complained-about, its trading platforms seem satisfactory as well.

What’s your review of Questrade? Leave a comment below and let us know!

S2Trade is a very young online FX brokerage, which got off the ground in May 2017. While the “About Us” page of the website brags of a “spotless reputation,” considering the age of the operation, it is safe to say that it is rather early to make such claims.

Why should you go with S2Trade though? The brokerage offers a fairly standard suite of services, and it has made customer privacy one of its top priorities. What that translates to – according to the S2Trade site – is that only clients who request to be called will ever be called. Considering the trend of aggressive marketing pursued by many of the borderline scam actors out there, such an approach is indeed a considerable asset. Above and beyond that though, through its mirror trader, S2trade gives beginners the opportunity to copy the (preferably successful) trades of experienced traders from the S2Trade network.

The Contact Us page of the brokerage makes it clear that the corporate entity behind the site is Goldtech Media Services. Based in Tallin, Estonia, at Tornimae 5, 10119, the brokerage has apparently made efforts to comply with EU regulations. They do indeed observe strict AML and Conflict of Interests policies. The latter stipulates that the interests of the client are granted top priority at the brokerage, and these interests will – under no circumstances – be harmed in any way, shape or form.

In accordance with the KYC policy also in effect and observed by the operator, clients are required to provide a series of documents for identification purposes, including but not limited to ID copy, poof of address and credit card copies.

The contact emails of the operator are, and


S2Trade Products

The trading offered by covers forex, as well as CFDs on metals and a wide range of indices. The asset-selection is plentiful for every one of those categories, and the trading conditions (spreads, commissions, leverage) differ from one account type to another.

S2Trade Platforms

S2Trade is built upon the good-old, reliable MT4 platform, more precisely, on a number of its variants.

The base version of MT4 is focused on secure and lightning-fast trading for all users. The platform offers true cross-asset trading, a wide selection of time frames for technical analysis, no fewer than 75 analytic tools and direct access to real time executable prices. Properly understanding the MT4 platform is a major skill for all traders – beginners and experienced. MT4 can be downloaded directly from the S2Trade website.

The mobile variant of MT4 lets traders take the best of what the platform has to offer, on the road. The interface is intuitive and it makes the mobile platform easy to use. It is compatible with Android as well as iOS devices, and it works with HTML5. The S2Trade mobile trader is available on Google Play and the Apple Appstore.

A webtrader and an MT4 multi terminal is available too, in addition to the main draw of the brokerage, which is – without a doubt – the Mirror Trader.

To help clients get a better feel of the overall market sentiment, S2Trade offers a handy economic calendar too, as well as in-house daily market analysis.

S2Trade Account Types

A said above, S2Trade offers three account types. The most basic of these is the Standard Account, which comes with a minimum deposit requirement of $500. Those who do indeed make this deposit, will gain access to a selection of free trading signals, for a month.

The Standard Account covers all the products and platforms described above. The minimum spread on the no-commission version of the Standard Account is 2.5 while on the commission version, it starts at 0.2 pips. The maximum leverage on this account variant is 1:200. The commission on the commission version of the account, is $8/100k.

The first step up the account ladder is the Premium Account, which – minimum deposit-wise – represents quite a leap indeed. Instead of $500, the requirement in this respect is $5,000.

All the regular products and platforms are covered by this account, in addition to micro lots.

The minimum spread on a non-commission account is 2.1 pips, while for a commission account, the minimum is as little as 0.1. The commission itself (on the commission version of the account, obviously) is only $3.5/100k. The maximum leverage is 1:200 with this account too.

The biggest and best account is the VIP one, which is called “truly tailored” by the brokerage. The no-commission version of this account-type features minimum spreads starting from 1.5 pips. The commission is $2/100k. To gain all the obvious benefits offered by this account-type, clients need to make a minimum deposit of $50,000 though. The maximum leverage is 1:200 on this account too.

Customer Support

The handiest and most straightforward way to contact S2Trade support is through the live chat feature, which can accessed directly from the homepage. In addition to that, there’s an email form available in the Contact section too, as well as two email addresses for direct messages:, and The phone number through which the brokerage can be contacted is a UK-based one: +442036775478.

The site itself is available in Italian and Arabic, in addition to English.

Payment Methods

For deposits, traders can make use of a selection of credit and debit cards, such as VISA, MasterCard and Maestro. Skrill and Neteller are accepted deposit methods as well. Upon making their deposit, traders are required to complete a deposit form, to confirm through email and to provide the required compliance documents. Wire Transfer can be used as well.

Withdrawal can be made through the same methods. It usually takes the brokerage 24 hours to process withdrawal requests.


The SimilarWeb global rank of was 406,661 at the time of posting this review (October 3, 2017), indicating it’s not very popular at the moment. Much of its traffic is currently comprised of people from South Africa, Italy, United Kingdom, Germany and Netherlands.

New visitors are referred to the site mostly from, as well as through display advertising.

S2Trade Review Conclusion

S2Trade would be a fairly run-of-the-mill Fx/CFD brokerage, if it weren’t for its social trading feature, the mirror trader. Other than that, all its features are standard though: the platforms are solid and proven, and the available account types diverse-enough to fulfill the needs of all comers.

Don’t sign up with Secured Trade Investment until after you read our unbiased review! Operated from SecuredTradeInvestment this binary insurance company is the latest scam to plague the binary options industry with fictitious escrow accounts that creates the illusion that they have your best interests at heart. Fabricated entities and deceptive promises are the pivotal foundation to the Secured Trade Investment operation. Learn why you should avoid this thieving binary options site and what measures you can take if you have endured losses through scheming online investment scams.

Fictitious team members and phony testimonials are the most deceptive elements found on the site. Owen Beamont and Mathew Macleod are the alleged CEO and Assistant Manager of Secured Trade Investment but research will reveal that both of these entities don’t actually exist.  In reality, these two created identities are nothing more than stock images undoubtedly gathered from an online image bank. The employment of these fabricated entities serve the purpose of building a false sense of credibility while earning your trust.

Other deceptive elements found on site would be the contact information. We are given two separate addresses, the first being 7 Triton Square, Regent’s Place, London NW1 3HG UK. Almost amusingly, when this address is entered into a Google search query the company that matches this address turns out to be London and Capital Asset Management. Furthermore, the second address provided is 1270 E Broadway Rd, Tempe, AZ 85282 (International Trade Center).

As some of you may have guessed, when the second address is searched no credible or actual businesses appear in search results. This leads us to believe that like the fictitious team members and testimonials that the addresses provided are phony and have no affiliation with the Secured Trade Investment network. Other contact information provided would be their email address which is [email protected] along with two separate telephone numbers. A reverse phone search will reveal that both 1-480-535-5697 and 1-203-517-4739 have no affiliation with any entity connected with this site and are based out of Connecticut and Arizona.

It is becoming evident that most of the investors who are falling victim to Secured Trade Investment would be those who have already been scammed.  Pretending to serve as an insurance claim company, this site relies heavily on claims filed through their site along with obtaining trading account information from particularly malicious and blacklisted binary option brokers.  How this site is obtaining past traders personal and financial information we are unsure but it is disturbing nonetheless.


Provided below is some feedback we have received in regards to Secured Trade Investment:

Recently I was contacted by a company called Secured Trade Investment who had got hold of my trading account info from Vault Option and they claimed that they can recover my funds from the company who owns Vault Options and refund the money to me for a fee of about 10% of the recovered amount…. They are in the process of establishing an ESCROW account to protect both side of the transaction from a scam and I am trying to confirm from somewhere their status as regards scamming.

…I was contact by Secured Trade Investment who stated they could close my LM Swiss account and get my refund for me.  The cost of the operation excluding their fee was $6771 USD.  They send me contracts to sign…contracts were signed by Mathew Macleod from Secured Trade Investments and by a Michelle Young…I would need to pay an additional $6290.00 USD to release the funds.  Between 1 May 2017 and 19 May 2017 , I sent Secured Trade Investment the sum of $13 500 USD for the release of $150 000 USD….said that I needed to pay an additional $3883 USD which was still outstanding…I have left countless messages and sent numerous emails to Secured Trade Investment without any success.  I am extremely disappointing and frustrated by the methods these company’s scam innocent people like me.  I am facing financial ruin and I do not know what to do.

Quite barbaric and extremely disheartening if you ask us. The feedback provided above by those who have already suffered losses are facing even more financial turmoil due to the ruthlessness of this binary options scam. The contracts signed by “Mathew Macleod” were not official because as we shared above Mathew Macleod doesn’t actually exist!  The same goes with the testimonial provided by “Lilly Dobles,” which as you can see is nothing more than another fabrication.

It goes without question that Secured Trade Investment is a nasty and deceptive binary options scam! Misleading investors who have already fallen victim to scams is demented and just goes to show how vile scammers can be when trying to earn to a quick buck. This indisputable scam review should provide you with the insightful caution needed to always conduct thorough research before committing with any online investment related endeavor. We are predicting more fraudulent insurance claim companies to spring into existence so with that being said make sure to stay vigilant and only invest with tested investment services!

Review Verdict:  Secured Trade Investment is a SCAM!

Blacklisted Website:

Among our top priorities would be protecting investors from a multitude of ruthless day-trading scams while exposing fraudulent investment operations.

Set Forget Pattern Profit can most aptly be described as a downloadable forex technical indicator. Being advertised as a “set it and forget it” technical indicator has enabled this relatively new trading solution to mock up a reputation as a semi-automated investment solution that will essentially do all the hard work for you. In theory, Set Forget Pattern Profit seems like a promising solution with their “super smart and very accurate” trading signals, but is there more than what meets the eye with this expert advisor?

Who is Behind Set Forget Pattern Profit?

The Set Forget Pattern Profit Expert Advisor (EA) is allegedly created by an entity known as Karl Dittmann. According to research, Karl Dittmann is a professional forex trader who has perfected the art of developing profitable and reliable technical indicators. Having been responsible for labeling over half a dozen forex related trend indicators we find it incredibly difficult to find where Karl Dittmann’s loyalties truly lie.

What we mean by that would be whether Karl Dittmann is just a gifted investor with a knack for programming or whether this entity is just trying to amass as much income as possible by launching countless trading solutions. Historically speaking, when we come across such circumstances, we are forced to face the possibility that these sort of investment endeavors are misleading and bogus trading solutions that accept zero liability for the performance aspect of their solutions.

A quick search of “Karl Dittmann scam” in any search engine will reveal that Karl appears to be a shifty and untrustworthy character. Accused of being a viral forex scammer united with funnel web pages that promise you very accurate signals, yet fail to deliver, has resulted in Karl Dittmann’s creations to be classified as fraudulent and unprofitable trading solutions.


How Does Set Forget Pattern Profit Work?

According to the site, Set Forget Pattern Profit was developed using the “latest accurate prediction technology.” Allegedly so smart that it will fast forward you to financial freedom in less time while being very easy to use. Essentially what we are confronted with would be a get-rich-quick scheme that is powered by a “special trading algorithm.” To further add to this ridiculous sales pitch, Karl Dittmann goes on to claim that this solution is “so powerful that it is undoubtedly the most profitable indicator to trade with.”

Expert Advisor Trading Features

Due to the nature of Set Forget Pattern Profit being a technical indicator it is quite variable when incorporated into a charting solution. According to, this indicator is most effective when used with a 15 minute, 30 minute, 1 hour, 4 hour or daily time frame. All of these time frame variations cannot be controlled directly with the indicator, but instead with the charting solution that you decide to commit with when using this indicator.

Whenever a new signal is generated, users can choose to receive a pop-up alert in the charting solution, a mobile push notification or an email alert. Among one of the promises found on the site would be how this software claims to generate between 100 to 200 pips in profits daily and requires investors to posses no trading experience. One lingering question we have would be why Karl Dittmann never included any verified or transparent investment results on the site.

Sure enough there are plenty of images showcasing trading signals that allegedly landed in-the-money with significant profits but they aren’t verified. For all we know those images could have been the 1 out of 10 original signals generated that just happened to accrue a profit. Unfortunately, we have no way to verify these signals and if Set Forget Pattern Profit is to be trusted then surely more proof of the indicators effectiveness could be provided.

Linked Trading Indicators with Karl Dittmann

Karl Dittmann is responsible for a number of forex operations that all appear to be just as questionable and misleading as this solution. Listed below are investment solutions that we have found to be linked with the entity known as Karl Dittmann (if you know more, please leave a comment below):



As of December 2017, possessed a SimilarWeb global rank of 11,219,836. This reveals to us that this site is not a popular investment destination and receives little traffic, if any at all.

Set Forget Pattern Profit Review – The Verdict

If you have been searching for a completely unverified and untrustworthy technical indicator to apply to your investment armory then Set Forget Pattern Profit is for you. For those of you who prefer a more practical, tested and legitimate alternative then we encourage you to visit our Trusted Service Provider Guide. We believe that it is obvious through the information provided in our review that Set Forget Pattern Profit is not a viable or promising technical indicator for forex investing.

Review Verdict: Set Forget Pattern Profit cannot be trusted!

Blacklisted Website:

Have you been scammed by Set Forget Pattern Profit or any correlated trading solution offered by Karl Dittmann? If so, please share any experience or knowledge you may possess as a comment below! We would also like to invest you to subscribe to our site to receive important news and scam alerts from us via email.

Smart Day Invest is a brand new HYIP or high yield investment program to become available to the public. In case you were wondering, high yield investment programs are generally considered to be Ponzi schemes. In other words, they promise ridiculous profits with minimal investment and with very low risk to the investor. The thing with Ponzi schemes is that they keep using the money from new investors to “pay profits” to older investors, all the while stealing tons of cash in between. Ponzi schemes always blow up.

Now, we don’t want to call this a Ponzi scheme right off the bat, but it sure looks as though Smart Day Invest is a scam. There is just way too much shady stuff going on here. Even worse is that there is a big lack of information provided about Smart Day Invest software in many crucial aspects. The things we do know about it are not good, and the things we don’t know about it just serve to solidify our suspicion that this is a scam.


What Is Smart Day Invest?

Smart Day Invest is technically a high yield investment program, which means that it is supposed to generate a whole lot of cash for you without much risk to you, plus without having to make much of a deposit either. The interesting thing about this program is that there are several mentions of Forex here and there. If you did not already know, Forex HYIP programs are usually always scams.

They promise things that just cannot happen, like ridiculous profits and risk free investment. We are told that we can earn ludicrous amounts of money simply by doing nothing at all. We are pretty sure that this program has nothing to do with Forex or any kind of investment at all. To repeat, this is a Ponzi scheme meant to defraud you and your bank account with the false promise of big bucks.

How Does Smart Day Invest Work?

We are told that this is HYIP that can generate tons of income. However, we are never actually told how it works. Heck, we are never even told what it invests in. Investment programs like hedge funds usually go for real estate bundles and other highly investible assets, business, and commodities. HYIP programs can’t really be related to Forex. High yield programs have to invest in something tangible, not engage in foreign exchange currency trading, because there is no way to guarantee high profits in Forex.

Even if Smart Day Exchange had not mentioned Forex, it still begs the question of what exactly it invests our money in. For all we know this software could invest our money in a real-estate bubble, like the one that caused the recent economic collapse, or it could be investing it in dirty oil money, chocolate bars, or even Lego.

Not knowing what is being done with our money is a huge problem. We are also never provided any relevant or usable info in terms of what investment strategies this system uses to make money. Even if we knew what Smart Day Invest used our money for, how does it do it? The lack of info here just kills any hope that this investment program could be legit in any way. Also, HYIPs tend to have hundreds of people bundled together. So, how many people are we bundled with?

Who Runs The Smart Day Invest Show?

Another very suspicious aspect of this obviously malicious program is that we are never told who is in charge. Nowhere on the website or anywhere else is there a single mention of the person in charge or even a company that owns this HYIP. Even worse is that we are not told where the company is based, nor are we given any contact info. The Smart Day Invest program is totally anonymous, which is a big problem no doubt.

Anonymous investment and trading systems are the most dangerous ones imaginable. When you inevitably have your money stolen from you, there is no one to go complain to and no one to point the finger at. These crooks choose to remain hidden in the shadows in order to rob your money while totally avoiding legal prosecution.

According to, the domain was registered on August 5, 2017 by Zhuhai Yingxun Keji Limited from Zhuhai, China. Their phone number is +86.7563810566. Their fax is +86.7562623872. Email:


The Promised Profits Of Smart Day Invest

Yet another telltale sign that this is a rip off has to do with the ridiculous returns which we are promised. We are informed that Smart Day Invest has the ability to generate daily returns of between 110% and 150%. Do you know how ridiculous that is? The best HYIPs in the world, of which there are not many, can usually only provide a small daily return, usually only a fraction of a percent.

If you invest $1,000 in a HYIP, you could expect to get a few dollars per day in profits, no more, yet Smart Day Invest promises that it will provide you with $1,400 every single day on a $1,000 investment. That is totally unfounded, unachievable, and unrealistic no matter what reality you live in. There is no way that any investment program could ever do that. The claim of being able to provide a 6% hourly ROI makes us want to cry. Sure, if it were true it would be spectacular, but there is no way that it can be true.

Smart Day Invest – Other Disturbing Things Found

Here are some other surefire ways to tell that this is a bogus investment opportunity.

  • None of the brokers involved are reliable. They are unregulated and unlicensed. We are never even told who they are.
  • The creation and registration date of the website has been messed around with to make it seem like the service has been up for several years. In reality, it has only been up for a few days.
  • There have been many complaints from people who have not gotten any returns, who have not been able to withdraw money, and who have not been able to get into contact with anyone related to Smart Day Invest.
  • People have been receiving spam emails from these crooks asking for personal info, banking info, and credit card details. If you ever get one of these emails, delete it immediately. There is no reason to ever enter credit card info into an email.


At the time of posting this review (September 2017), the Alexa global rank of was 1,346,595. This indicates they are not very popular at the moment. Yet they still get some traffic, mainly from Malaysia, Russia, Vietnam, Egypt and the Philippines.

Accordng to SimilarWeb, almost 30% of their traffic is obtained through referrals. More than 12% reaches the site via a social media campaign, especially on Facebook, but also on VKontakte, YouTube and Instagram.

Smart Day Invest Scam Review Conclusion

As you can see, there is not a single doubt that Smart Day invest is a scam. Everything about it is totally senseless and anything that is not senseless is just a downright lie. This is a Ponzi scheme with the express intent of stealing your money. Just do yourself a favor and stay as far away from this pile of junk as you can!

Surplus Binary Consultant is a mediocre binary options scam at best. Throughout this unbiased review we will unravel the misleading tactics used to make this service provider appear genuine while eradicating all legitimate appealing components found at For starters, we should point out that although this service provider was founded back in March of 2017, virtually no presence of this site can be found online except in regards to the website itself.  Due to inquiries received from several of our subscribers we are here to set the record straight from the get-go before day-traders fall victim to this binary options software scam.

About Surplus Binary Consultant

Surplus Binary Consultant is a binary options oriented service provider that offers a trading solution known as the Hi-Peak Trade Decoder. The Hi-Peak Trade Decoder is an investment software that can be web-based or a physical software product that can solely be used with compatible brokers. A general statement can be found at the bottom of site further elaborating how some of their products may not work with some brokers.

Operating under the capacity as a manual or automated investment software, the Hi-Peak Trade Decoder is advertised as a software that operates with “24/7 uptime service with profitability guaranteed.” In addition, this software is showcased to have a success rate of 98.7%, therefore confirming that miracles do in fact exist within the realm of binary options. Or at least that is what the creators behind this misleading scam would like for you to believe.

However, we feel obliged to point out that nothing is ever guaranteed when it comes to online investing. Empty promises are the backbone to the vast majority of scams we have exposed throughout our time in the online day-trading industry.  Furthermore, claiming to have an alleged success rate of 98.7% is absolutely absurd! No binary options investment service has sustained a success rate above 80% for a consistent period of time so why should this service be any different? This is clearly an example of another binary options service that is too good to be true.

Let’s not overlook the fact that the company information found in the “About Us” tab of the website offers virtually nothing of value. All one can grasp from the exceptionally vague explanations found on that page would be how each team member was carefully selected due to their personality and contributions. No mention of their company, founder or physical office location are shared with us which leads us to believe that this service provider is a total fraud.


How Does Surplus Binary Consultant Software Work?

…By fulfilling miracles thanks to the magical properties found in pixie dust? Well, perhaps not, but that is the best guess we can mustard to explain the divine miracle workings behind the Hi-Peak Trade Decoder software. There is no mention of whether the software is based upon customized technical indicators, trading algorithms or some other functionality. If we had to make a logical assumption on how this software functions, it probably operates as most other software scams operate which would be an algorithm-based software that is designed to slowly (or drastically) lose your money over time.

Generating a success rate within 2% of 100% success is perhaps the biggest lie flaunted on the site. In addition, the software claims that withdrawals are funded to your bank account instantaneously as you execute them and that zero errors will ever occur while using the software. The Hi-Peak Trade Decoder is able to accurately invest over 200 assets ranging from stocks, currencies, commodities and indices. Users also have the option of deciding whether they want the OS based software or the physical product itself, however given the opportunity we advice investors to just avoid this site due to the evidence provided below.

Surplus Binary Consultant – Fabricated Testimonials

Throughout this section is where things really start to go downhill for Surplus Binary Consultant. As you can gather from the heading above, none of the testimonials used to build trust and make this service provider appear more legitimate are real. In fact, most of the testimonials used are purchased or stolen stock images taken from some online image bank.

As you can see above we have “Mr. Michael Brunnel” and “Dorothy Higgins” who both were kind enough to provide us with their experience with this fraudulent service provider. Both claimed that the software is quite easy to use and we are led to believe that the users generated a substantial sum of profits due to the Hi-Peak Trade Decoder. However, as you can see for yourselves, both of these fictitious entities are actually images (most likely stolen) that were used to provide phony and misleading testimonials.

Domain Information

Referring back to the About Us page found at, viewers are led to believe that Surplus Binary Consultant was first established in 2008.  However, a WHO.IS search will reveal to us that the site was created on March 17th, 2017.

Furthermore, the entity used to register this domain goes by the name of James and his registrant address is as followed:  1748 Tinsmith Circle, Florida, US 33559. Whether or not James is the actual founder behind this software scam is beyond our power to narrow down for certain. One thing is sure though, this is either a fake address, or this guy is working out of his garage:

Additional information found would be the registrant phone number which is 1-760-305-9744 while the admin email address is

The same details, by the way, can be found in the following sites:

  • – Sovereign Trust Bank Foundation providing banking services, including loans for private people as well as businesses.
  • – American Finance Credit Union – no longer in operation.
  • – probably the predecessor of Surplus Binary Consultant. Currently, it’s suspended for spam related offences. – Sovereign Trust Bank

Due to the correlation of contact information between Surplus Binary Consultant and Sovereign Trust Bank we resolved to look further into the legitimacy of Immediately what we found in common would be how authentic and well-designed the site’s structure was overall.  For those who are relatively new to the banking world, Sovereign Trust Bank may appear as a legitimate trust bank that could prove rather useful for online banking.

However, as we have made quite clear in this review, appearances are what they always appear to be. When you break down this site you will notice some questionable characteristics that you won’t find in common with other legitimate banking institutions. First and foremost, what we found suspicious would be how no real address is provided in regards to the location of this branch.

Furthermore, on the Contact page, it says that Sovereign Bank is affiliated to FDIC. This statement does not mean that is insured by the FDIC like it is misleading individuals to believe. Wording is everything when it comes to legality of sites. For those of you who reside within the United States, we cannot stress enough the importance of investing with an FDIC insured institution.

If you took the time to browse the site you will notice a number of grammatical errors and on the site there are at least half a dozen errors. This is an indication of laziness on the behalf of the creators behind this site, which we duly thank them for because it makes exposing the truth about this fraudulent trust bank imposter much easier.

Attention to detail is the way to identify scams among a variety of different financial opportunities. Take for instance, if you scroll down to the bottom of the page, the copyright to the site is alleged to an organization known as “Sovereign Trust Finacials [sic], USA.” Another error there, “Financials” is what you are looking for and don’t even bother clicking on that fake company entity, a Better Business Bureau search reveals that the company doesn’t exist, not even when spelled correctly.

Thankfully, we were able to find the connection between the contact information provided from Surplus Binary Consultant to confirm that Sovereign Trust Bank is a scam. One factor to remember when it comes to dealing with an investment or banking opportunity would be whether or not the site in question is open about their identity.

In the case of SoveTrust, it is quite clear that this fraudulent financial banking imposter is trying to remain as anonymous as possible. No physical address location is shared and the only real means of contacting this illicit operation would be via email. Do yourself a considerable courtesy by not investing with Sovereign Trust or any other connected entities.


Popularity data for and was not available when this review was posted.

Spam/Email Campaign

As we mentioned, 365BinaryConsultant, the predecessor of SurplusBinaryConsultant, was shut down due to spam violations. The people behind this scam, didn’t seem to have learned their lesson. Indeed, Surplus Binary Consultant is still being promoted via an email campaign. One of our subscribers reported to us receiving the following email back in September 1, 2017 (less than 1 month ago). This is the email she received:

Dear Esteemed Customer, Welcome to the world of intense growth with Technology. The sizeof the decoder hasn’t changed. Its still as small as it is. However, it was magnified for the complete viewing audience to get a clearer picture. The price is $800USD now. Also,for increased online protection, Surplus Binary Consultant and its partnering regulatory bodies function, includes supervising and controlling investment services and carrying out inspections of broking. Surplus Binary consultant has shown a resolute commitment to comply with all the regulatory requirements of the main international financial authorities like ESMA, CFTC and JFSA. Trades need a reputable partner with global credentials to run a legal trade which meet the strict requirements of financial regulatory authorities. Surplus operate under the licensed name under the Cyprus Securities and Exchange Commission as Prime Investment Ltd with license number 160/11. Name amended to Surplus Binary Consultant with all registration of the former still intact. Regards, Surplus Binary Team

It should be obvious to you by now that none of the above is truthful. To take just one example, they claim their CySEC license number is 160/11, however as can be seen in the below screenshot from the CySEC website, this license number belongs to a different company altogether.


Here’s an email we received back in April 2017 from a Canadian who was scammed by this site:

Hello, I just want to share a not very pleasant experience from this company called “surplus binary consultant” everyone please beware that he is a total scammer! Like big deal, he will ask for your broker account and account number, he will tell you not to sign in while he is doing the “trade for me” options to make you feel wow this is amazing moment while in reality he actually is not trading for your account then will ask you need to insure the money to get etransfer to your broker account but in reality it never exist! This person is a real scammer like big time. At first he will promise a HighPeakDecoder which never exist then will manipulate you to get trapped will all the stuff that you could imagine. Can someone please close this website to stop him keep on scamming people!

Surplus Binary Consultant Review – The Verdict

Through the evidence provided throughout our honest review we believe that the verdict pertaining to the fate of Surplus Binary Consultant is quite clear. This binary options service provider is nothing more than a deceptive and fraudulent investment scam. Nothing about this site is authentic and the ruthless marketing tactics used to lure you in and gain your trust are nothing we haven’t seen before. Do yourself a considerable favor by avoiding this binary options program!

Review Verdict: Surplus Binary Consultant is a SCAM!

Blacklisted Website:

If you have been scammed by Surplus Binary Consultant we urge you to leave your experience as a comment below! We would also to invite you to subscribe to our site to receive important news and scam alerts from us via email.

To learn how to better equip yourself by making more educated investment decisions make sure to check out our recommended online trading services.

Trade-24 is a fraudulent forex brokerage that has been misleading day-traders out of their deposits for the past few years. Neglecting withdrawal requests, forging alleged regulation licenses along with accepting zero responsibility for losing their traders funds are among a few of the experiences you can expect to endure at Trade-24. While some reputable review sites have started combating against this fraudulent investment operation the efforts exerted have not been enough to completely deter traders away from Trade-24.

Throughout our unbiased and indisputable review, we will reveal all the need-to-knows regarding this brokerage and why you should avoid this forex brokerage by any means necessary. It should be noted that in early January 2017, this brokerage released a statement claiming they were about to achieve CySec regulation to make amends for their past track record, but research will inform us that this brokerage has yet to be regulated still.

What is Trade-24?

According to the About Us page at, Trade-24 is an award winning online forex broker offering the finest user experience. Claiming that their main priority besides aiding investors to get started on a profitable investment path would be to provide the best customer service possible. For any of you who took the time to conduct a simple search regarding Trade-24 you will come across an abundant amount of feedback that directly contradicts the mission statement of Trade-24.


Who is Behind Trade-24? is allegedly operated by a company known as Moslok Limited, which apparently was registered at Spyrou Kypianou 57, M. Frangos Court, 3rd Floor, 6051, Lamaca, Cyprus. Several searches of “Moslok Ltd or Moslok Limited” across several Cyprus registers will reveal that no corporate entity known as Moslok Limited exists.

Which leaves the only identifiable information provided on the site to be demographic specific phone numbers along with a select couple email addresses. Naturally, no mention of the CEO, owners or operators behind this site are made available to the public. Not only does this lack of accountable information reflect poorly among this operation, but just goes to show that this brokerage is trying to remain an anonymous entity so they can continue fleecing innocent day-traders out of their deposits.

In addition to the live chat the two main email addresses used for communication with this brokerage would be [email protected] and [email protected]

Trade-24 Investment Platform

The platform featured at Trade-24 is powered by MetaTrader4, which is a reputable charting solution. The incorporation of the MT4 platform does not go on to confirm that Trade-24 is a secure and reliable investment operation but instead just indicates to investors that the investment of forex options are available. According to the site, the incorporation of CFD options have been integrated into the platform, although we have yet to come across any distinguishable CFD related options.

Trade-24 Account Types

A total of 5 forex account packages are available at Trade-24. Each of these account types are formatted in a tier system where the more you deposit the more incentives you are eligible to receive. Oddly enough though no mention of minimum deposits are elaborated on the site and if you engage with a live chat agent (which is a robot) you will not receive any viable answers either.

Silver Account

30% Bonus, 1 week free signals, 1 on 1 training, $15 fees per lot, along with a minimum trade size of 0.01. Traders have access to currency pairs, metals, energies, and world indices.

Gold Account

40% Bonus, 1 month free signals, partial access to educational center, all supported assets of Silver account with addition of Agriculture. Minimum trade size of 0.1 and $13 fees per lot.

Platinum Account

50% Bonus, unlimited free signals, full access to education center, all the perks of the Gold account type, minimum trade size of 0.2 along with $9 fees per lot.

Mega Account

All of the incentives of the Platinum account, free VPS service, signals are upgraded to VIP signals while trade size is 0.5 with $6 fees per lot.

ECN Account

Essentially the same perks as the Mega Account except for trade sizes vary between 0.01 – 0.2.


A SimilarWeb report will inform us that has a global rank of 293,771 as of December, 2017. Over 50% of the site’s traffic comes from visitors who reside within Czech Republic, United Kingdom, Ireland, Spain and Germany.

Trade-24 Community Feedback

The investor feedback regarding this forex brokerage has not been encouraging in the least bit. Just about every recent user feedback we came across when researching was claiming that Trade-24 were thieves who scammed them. Feel free to browse just a handful of the endless number of investor complaints that we found when researching into this brokerage.

They are the best company in the world convincing people to get in and deposit money , afther that they are a big FRAUD !!!!!!!!

Trade24 is a CRIMINAL gang of THIEVES posing as a Forex trader and has STOLEN MILLIONS from unsuspecting clients, victims.AVOID these THIEVES like the plague.

stay away from this broker. They will not process your money for withdrawal. f*cking @$$holes. don’t trade with them. did not reply back on my emails and just wanted me to add more funds.

I have been totally scammed by trade 23 they have actually stolen $20,000 from me…WHEN I CALLED HIM HE JUST LAUGHED AND SAID CUSTOMERS ALWAYS COMPLAIN WHEN THEY LOSE…i have much more evidence regarding this company and will be talking to the fraud department.

“Stay as far away as you can get!…Just don’t go with these scammers !!”

Trade-24 Review Conclusion

Through the evidence provided in our review, we have no doubt in our mind that Trade-24 is a malicious scam operation that should be exterminated at once! Under no circumstances do we advice any investor to get started with this fraudulent forex brokerage. It is obvious that Trade-24 cannot be trusted and has resorted to solely stealing their investors deposits while exhibiting no signs of remorse. Do NOT invest with Trade-24!

Please avoid investing with any online brokerage that is not regulated or legal within your residing jurisdiction.

If your interested in legitimate alternatives we encourage you to visit our Forex Trading Guide to learn about viable and reliable investment opportunities.

Lastly, if you have been scammed by Trade-24, please inform us by leaving a comment below!

UniverseMarketsFX is an MT4-based Forex and CFD brokerage, which apparently maintains a sort of digital (binary) options branch too, hosted by a different website and backed by a slightly different corporate entity. The fact that the domain has only been created in August 2017, does not help much on the credibility front, but it does explain why there are almost no reviews available on the brokerage, nor any proper user feedback. The binary options-focused part of UniversemarketsFX is hosted at universemarkets, which is also a fairly new domain, created just one month before the above mentioned one.

The companies behind the two websites/brokerages also differ a little. The one associated with is called Square Trading Limited and it is a UK-based operator, registered under #NI648699. The company mentioned in the footer of is called White Square Trading Limited. Both corporate entities are based at 131-151 Great Titchfield Street, London, W1W 5BB UK. For customer support, they provide different phone numbers though.

In light of the above, it is indeed safe to assume that and belong to the same owner, and they are essentially the offshoots of the same root operator.

What exactly does offer though?…or: why should traders consider trading there?

For starters, the brokerage uses the MT4 trading platform, which is pretty much the best the industry currently has to offer in this regard. It also allegedly features advanced pricing and trade execution, and it peddles a wide and diverse range of investment products, covering Forex, Shares, Indices, Commodities, Cryptocurrencies and CFDs. MT4 provides a superb range of trading tools, such as advanced technical analysis indicators and charting options. Transactions are said to be protected by top-notch security and deposits and withdrawals are purported to be extremely fast. There’s educational material provided, and the support staff is responsive.

The operator also boasts “close partnerships” with some of the top financial news feed providers, and user funds are said to be used only for the purposes laid out in the Terms and Conditions section of the site (namely for FX and derivatives trading, by their rightful owners) and nothing else.

UniverseMarketsFX Regulation

While the broker observes strict KYC and AML policies, and while it does feature a proper Risk Disclosure Statement too, its website provides no information regarding any sort of regulation/licensing. What this essentially means is that we will have to assume the activity of this brokerage is not regulated in any way, shape or form, and there is no financial authority out there which oversees the business. This is a major problem indeed. In fact, this shortcoming alone is enough to blacklist the operation with most reviewers out there, and we are no exception.

UniverseMarketsFX Trading Products

The trading instruments section of the website is a little confusing: it lists Shares, commodities and CFDs separately, but it turns out that all these categories are in fact CFDs, using different underlying assets.

Shares are essentially shares-based CFDs. They feature a maximum leverage of 1:100 – which is not exactly impressive.

Forex is where the best trading conditions are, and even these aren’t particularly attractive. We’re looking at minimum fixed spreads of 2 pips on major currency pairs, and more on the exotics. The maximum leverage on FX is 1:300 though, so it is indeed a tad better than on the Shares CFDs.

As one would expect, crytos come with by far the least attractive trading conditions. The maximum leverage on this asset-class is just 1:5. The cryptocurrency section plays host to assets like Bitcoin, Litecoin, Dash, and scores more.

On major indices, spreads start from just 1 pip. The maximum leverage one can use on indices is 1:150. For commodities, the maximum on leverage goes to 1:200, while on CFDs, it runs a range from 1:50 all the way to 1:300.

UniverseMarketsFX Trading Platform

As already said, the single platform used by UniverseMarketsFX is MT4, and it does indeed cover all the needs their traders could possibly have. Besides the above mentioned analytic and charting tools, UniverseMarketsFX’s MT4 offers on-chart trading, instant trade execution, market- and pending orders, trading history and stop orders.

While EAs are indeed among MT4’s better-known features, there is no mention of them at the UniverseMarketsFX website, nor is there anything said about the VPS service which usually accompanies the EA offer. It is therefore safe to assume that these advanced auto-trading features are not available at the brokerage – at least for the time being.

Stop Losses and Take Profits on the other hand are available, and they are advertised as risk management tools, a mold which does indeed fit them. MT4 can be downloaded for free at the UniverseMarketsFX website, and it comes with a selection of preinstalled technical indicators, to which users can always add more.

Should I Trust UniverseMarketsFX?

At this point, that’s difficult to tell. Unless the brokerage manages to get its regulatory status straightened out, for the time being, we’ll have to make that a “no.”

Red Flags and Question Marks

The tender age of the operation is definitely something that urges caution, though it should probably not be called a red flag. The regulatory status on the other hand is definitely a major problem, one that voids the point of even looking at further red flags and possible question marks.


Given that the FX/CFD side of the business has only been online for about 4 months, the fact that there are no complaints available about it online is not exactly surprising, nor does it carry any sort of significance.

UniverseMarketsFX Review Conclusion

UniverseMarketsFX is not regulated. The discussion (and this UniverseMarketsFX review) should normally stop right there. There are other things too about the whole setup of the brokerage which make it seem not 100% right, but the fact that the entire outfit was just launched a handful of months ago, really begs for the benefit of the doubt here.

Also, the fact that UniverseMarketsFX is associated with a binary option brokerage is not a mark in the “plus” column either.

WebTrade.Online is a fully regulated CFD brokerage that offers a user-friendly and highly customizable investment experience. What WebTrade.Online excels at compared to most other investment brokers would be their broader acceptance of investor demographics, a much more safe and secure trading platform along with forex trading aspects incorporated into the contracts-for-difference platform. Growing in popularity due to being the sister company of, WebTrade.Online has become one of the best investment destinations for UAE, Bahrain, Kuwait, Malaysia, Oman, Qatar, South Africa, Singapore and Thailand. 

The corporate entity behind WebTrade.Online is IDC Global Services LTD.  Regulated by the International Financial Services Commission (IFSC), WebTrade.Online is headquartered out of Belize and can be visited at this physical location:  35 Barack Road, Belize City, Belize. Due to operating in full compliance with regulatory and federal entities, this CFD brokerage is authorized to provide contracts-for-difference and other digital options services.  Offering top of the line security, WebTrade.Online offers a much safer trading platform compared to most online brokerages.

WebTrade.Online Trading Platform

Powered by a proprietary trading platform, WebTrade.Online offers an innovative and user-friendly experience. Learning how to maneuver the site and place trades with this fully regulated broker becomes almost like second nature due to the unique features provided to investors. Offering a seemingly endless amount of investable assets and returns rates as high as 100% has allowed WebTrade.Online to grow more reputable and become one of the top leading CFD brokerages.

WebTrade Online

Asset Selection

Over 200 assets are available to trade at WebTrade.Online. Assets ranging from currency pairs, stocks, commodities and indices are all available for investors. These include popular day-trading assets like:  Eur/Usd, Usd/Cad, Apple, Google and much more.

Trading Fees & Return Rates

Trading fees are factored in a few different ways. First, depending on how much you are willing to deposit will dictate which type of trading account you receive with WebTrade.Online. So for instance if you deposit the minimum required amount of $250, you will have to pay a small fee up to 1 to 3.75%, depending on the size of your investment. Investors who fund an account with $500 or more will have less trading fees to pay. Overall though, the fees are minimal and for return rates as high as 100% for winning trades with Web Trade Online, it is well worth the small fees.

Forex Stop-Loss Feature

One of the best advantages of this CFD brokerage would be stop-loss feature incorporated into the trading platform. Empowering investors with the ability to set a stop-loss significantly reduces the investors risk. Instead of losing possibly all of your original investment amount, with WebTrade.Online you are able to reduce loss potential by as much as 95%. So if the trade isn’t going the way you predicted and your stop-loss is reached the investment will automatically end and you’ll receive the remainder of your original investment back.

Investing On-The-Go

One of the best overall features in regards to WebTrade.Online would be their mobile investing app. Offering a simplistic and versatile trading platform for just about any internet-enabled device, investing with this broker can be done through online browsing or through the mobile phone app. Available in both the Apple Store and Google Play store, installing the app is easy and free of charge. You can sign into the app at anytime and decide whether you want to tighten security parameters by enabling thumbprint recognition to your app.

WebTrade.Online Account Types

There are currently 4 different types of trading accounts an investor can get started with when depositing with this CFD brokerage. The most common trading account started with Web Trade Online would be the Mini Account which requires the industry average minimum deposit of $250. Other trading accounts offered which come with deposits exceeding $2,500 would be Standard, VIP and Diamond account.

WebTrade.Online Bonuses, Cashback & Loyalty Rewards

Depending on which trading account you get started with, WebTrade.Online offers a variety of intriguing incentives for first-time depositing traders. Bonuses as high as 100% of your original deposited amount are offered but should only be accepted by veteran day-traders due to the fact that they come with conditions that must be met prior to executing a withdrawal. Variance in performance, trading and annual fees are also dictated by which account you get started with, although we encourage traders to get started with the Mini Account or the Free Demo Account when first starting out. 

WebTrade.Online Banking

Various credit and debit cards such as Discover, Visa, MasterCard and Maestro are all accepted. Bank transfers of at least $500 or more along with Skrill payments of at least $250 along with are also accepted.  Withdrawals are typically processed and received within a 3 to 5 business day period.

WebTrade.Online Education

With a variety of different lessons in the form of videos, pdf files and ebooks, Web Trade Online offers an accurate and newbie-friendly way to learn the fundamentals of day-trading. Covering crucial basics like support and resistance levels to covering complexities such as advanced trading strategies, WebTrade.Online owns one of the best educational centers offered by any other competitive investment brokerage. Access to an Economic Calendar, Market Quotes, Breaking News and Analysis Commentary are also made readily available to traders at WebTrade.Online.


WebTrade.Online is one of the best CFD brokerages for online day-traders residing within UAE, Bahrain, Kuwait, Malaysia, Oman, Qatar, South Africa, Singapore and Thailand. The proprietary platform offered allows traders to reduce risk and invest in an atmosphere that is easy-to-understand and highly rewarding. Regulated by the IFSC you can rest assured knowing that your money along with personal and financial information are safe. The free demo account offered along with the expansive educational center are great incentives and are highly praised according to community feedback.

The one star they lost would be for the lack of MetaTrader support.

For those of you looking to avoid binary options or forex but still want a way to earn money online, we sincerely encourage you to at least try out the free demo account offered by this fully regulated CFD brokerage.

Could This Be You? What Exactly is Penny Stock Prophet? Penny Stock Prophet is a penny stock alert service and a “sort-of newsletter” that is the brain-child of James Connelly.   I joined the Penny Stock Prophet service as a Life-Time Member so I could review it from the inside. At the time I’m writing this, that was about two months ago. It is specifically oriented toward providing the alert service’s members with information that they can use to determine if they want to buy a given penny stock recommendation made by Penny Stock Prophet. Mr. Connelly always provides full justification for his picks and his detailed analysis always seems to be thorough and complete.  Also, I have observed that he does divulge any interest that he might have in a stock/company that he is recommending. While still in college, James identified four-key stock characteristics that he uses to flag a stock that is about to break out of its trading range. Memberships Penny Stock Prophet provides two types of memberships to the service… Paid and Non-Paid Memberships. All paid members are alerted to new Penny Stock Prophet picks before the non-paid members. Paid members receive 5 – 6 picks each month. Non-paid members receive only 1-2 picks per month.  It is basically a “try before you buy” type of offer. Providing so few recommendations may seem like a negative, but its not.  A truck load of picks with small gains is not what Mr. Connelly is after.  He states that he’s looking for 50 – 100% or more potential gains on his penny stock picks. If you want more information just click here. Of course, not all of his picks are going to be huge winners, but, he thinks, and I agree, that this is a much better strategy than investing in MANY penny stock picks that only see a 10 or 15% gain. According to James Connelly, the best alerts, those that are expected to achieve 100% + gains are given only to paid members! goodpennystocks Members are notified about Penny Stock Prophet’s exclusive new stock picks by email… usually shortly after the US stock markets close each day so you have, I think, plenty of time to research James Connelly’s recommendations before trading resumes the next morning. Penny Stock Prophet provides most member support and communications via e-mail.   Not only do all of the Alerts come by e-mail.  But, the service also sends information, training and personal emails too. James Connelly claims that he is not using a ’stock trading robot!’  From my experience with the service I believe that to be true since he provides so much justification for his recommendations. And, to that point, common sense says that if stock trading robots were a reality, we’d all be using them. Support After I paid for my membership in Penny Stock Prophet, I started to worry about support.  I discovered that there is no membership area, no forum or other “keep-in-touch” vehicle online that I could find.  I started to wonder if I had wasted my 97 bucks. But, before I asked for my money back, I wanted to give James Connelly the opportunity to prove that he is actually accessible to personal questions as he claims.  So, I decided to test him. I decided that if he responded to me, I’d keep my membership.  If he didn’t answer, I’d fire Penny Stock Prophet and ask for my money back. I then sent him two questions on Sunday, in the early evening.  I was quite pleasantly surprised the next morning  at around 10:45 a.m. when I received a personal answer to my email. In the 2 months since then I have observed that he maintains a more than satisfactory level of communication with the members of the Penny Stock Prophet. Guarantee At the time that I’m writing this, Penny Stock Prophet Memberships come with a full 8-week, money-back guarantee. Since I want to remain a member of Penny Stock Prophet, I have not tested the guarantee. The Bad Points Obviously, the Penny Stock Prophet, James Connelly, is not perfect.  Here are the things that I don’t like about his service: My main gripe is that he doesn’t actually have a members area.  He makes up for it by sending a lot of e-mails, though, and by personally answering emails that you send to him at Unless you are a member, you can’t review the performance of his service.  His testimonials make up for a lot of this but personally, I’d like to see more.  He does, however, give you two trial recommendations… Click here to take him up on his offer… the “proof is in the pudding” as they say. My last dislike, while it may appear to some as being major is actually trivial. At times Mr. Connelly will be compensated by a company that he recommends to participate in a marketing effort with that company. I don’t see this as significant. To me it is no different than a financial advisor or broker on TV divulging that he holds a position in a stock that he recommends or is actively marketing that stock. All I care is that the stock goes up and I make a profit. The Good Points And, here are the things that I like or I think are important positives about Penny Stock Prophet: The accuracy of his picks as reported by his testimonials is consistent with my personal experience with the service as a paid member. Based upon my own experience as well as the testimonials on his site, a very high percentage of his picks turn out well… He gives you so much information about why he’s recommending the stock that it’s almost too much.  This means that you can make an informed decision about your investment and at the same time reduce the risk associated with a given trade. From what I’ve seen, Mr. Connelly gives you plenty of time to research his recommendations for yourself… This means that you can make an informed decision if you decide to take his recommendation. He seems to communicate quite well via e-mail… which means that you can ask questions and expect timely answers. In addition to recommendations and informational e-mails, Mr. Connelly also sends out Updates on his recommendations… This means that you don’t need to sit at you computer watching your purchase constantly. The Penny Stock Prophet chooses to recommend mostly stocks that are undervalued or oversold… It helps limit the downside risk of any particular stock that he recommends. Mr. Connelly doesn’t use stock picking “robots” at all… this means that you get the benefit of his judgment and experience on every one of his recommendations. My Final Thoughts about Penny Stock Prophet Overall, I think that this is a pretty decent service.  With what I know now, I’d still buy it if I had it to do over again… … Why? It’s accurate and the service’s testimonials agree with my own experience; James Connelly provides good reasons and facts for his picks… Far more than I do for my own investments; Support is there… not the way I want it but it’s there and it has worked well for me; I think communication is very good, if not excellent; and, It carries an 8-week, 100% money-back guarantee at the time I’m writing this.