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SearchingProfits Binary Trading Programme

Hi,

My first post so go easy!! Does anyone have any experience of using this online programme searchingprofits .com

I`m a complete novice when it comes to any kind of trading and this seems a very simple way of trying it with seemingly minimal risk. However is it one of those to good to be true ideas. Everything I have checked on it seems legit and possibly worth a punt. More info can be found here careerjournal-uk .com but this site is clearly run by the same company touting the programme as every link you click on takes you to there sign up page.

I cannot find any unbiased reviews on this programme anywhere so thought I`d ask you lot, cheers Gary
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Comments

  • ElefantEd
    ElefantEd Posts: 1,214 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Sounds too good to be true?

    It will be.

    Never invest time or money in something you don't really understand. Particularly not something you find on the internet.
  • Reaper
    Reaper Posts: 7,340 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    As this was posted in 2 forums I'll copy and paste my reply here too:

    Personally I suggest you stay well clear. The web site has only just been created and although it welcomes you with a big union jack the web site is registered to a company in Israel.

    Info is minimal but as they talk about "trades" and "brokers" to operate in the UK they need to appear on the FSA Register to be trading legally, which of course they do not.
    http://www.fsa.gov.uk/register/home.do
  • WayneUK
    WayneUK Posts: 1 Newbie
    edited 4 January 2015 at 3:11PM
    Well I have probably been scammed in a lul due to christmas I didnt follow my own good advice I give parents, friends and family.

    I open the EZTrader account and deposited £200. I completed a few traders this w/e so guess I see if it works or not.

    I more concerned now reading this as I have since sent (uploaded) a scan of my passport and utility bill as required to allow withdrawls from the EZTrader account. So will see next week if it approved and I can get my money withdrawn.

    Meanwhile I found this link on the holding company WGM Services who are the holding company of EZTrading.com.
    fsma.be/en/Article/press/div/2014/2014-11-26_wgmservices.aspx

    So pretty worried now more about having been an idiot and upload a scan of my passport page :(.

    The loss of £200 if that's the case I can swallow as a consequenece of being stupid and learning from my mistake. But the risk of my passport info being used for fraud or other has a greater concern.

    UPDATE:
    Just found this which pretty much sums up I was scammed:
    binaryoptionsbrokers.pw/EZTrader-review/?src1=awenez&src2=ej10yue3_57_53670&gclid=CjwKEAiA5qOlBRDAn8K5qen65joSJADRvlbqfQnpwnVA_LgAgY9v-eD1oj6D9HIfTDXE041vmULkpBoCTvPw_wcB
  • Van123
    Van123 Posts: 1 Newbie
    Hi Wayne, just wondering if you had heard anything more about your attempt to withdraw funds from your EZTrading account? I was thinking of signing up but after reading these posts I am having second thoughts ....... Has anything happened to your passport since?
  • I tried to join searchingprofits to do some binary options trading and was given a 'lifelong licence to trade' (meaningles?) transferred to EZTrading for registration. I spent £200 to join, and was told I had the £40 bonus added to my account. However (and luckily) my ID scans would not go through - utility bill, passport etc. But they still have my £200 and I cannot get the website to let me log in even, to ask for my money. I just wish I had read these blogs before being so stupid - from a PR background I myself have recruited superb actors to promote and endorse products. Why didn't I listen to myself?
  • shailk
    shailk Posts: 1 Newbie
    Searchingtheprofits.me is just a website and doesn't do anything great. Its just your luck and others who have earned money through this website. I dont recommend you to invest any money in the website rather if you are interested then speak to account manager from EzTrader who will be able to assist you and guide you the whole process of binary option trading.. Dont invest your £ 200 for something looks so easy...there is nothing in the world which can get you easy money...trust me. god bless.
  • samsung66
    samsung66 Posts: 11 Forumite
    This is a scam to generate money for the site owners who have several such sites and are making money themselves.If you invest just think of it as charity money to unscrupulous bodies
  • wrinklie
    wrinklie Posts: 9 Forumite
    Definite scam - just received forwarded email from a friend to myself and 10 others but when you reveal details it's not even his web address.
    His web address is just shown at the end for 'authenticity' and the web link looks good but is only a switch to the joining site. As everyone is saying -if it looks too good to be true, then it must be!
  • I wish i read these posts before joining searchingprofits. I paid my 200$ and opened my account. I had 4 successful trades out of 18 trades. Definitely a type of pyramid scheme where maybe just the top guys make money.
    Do not do it, you will definitely lose your money.
  • Tolkny
    Tolkny Posts: 72 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Anything that implies you will make profits by just typing in a few details on a website is probably a scam - do not even consider this ridiculous idea.

    It seems as if the folks behind this have so tied up the search engines that almost everything that is returned from an internet search links back to them until I got to Money Saving Expert's Forum and I even doubted that at first until I was sure I was using my pre-existing login information.

    I received what looked like an email from an old friend I have not had direct contact with for a few years.

    His email address - with which I was familiar was shown - he even used my first name and then provided I link to the Career UK videoed scam - they must be part of it as well - there website looks like a fairly genuine job finding organisation, but I digress.

    I saw the video was also on You Tube - I watched it there - obviously too good to be true and it gives no exact details or tells you how much you need to stake - plus these perishers get your details and then potentially gain access to the addresses in your computer.

    Make sure you have good internet security paid up and do not click on anything unless you are certain you really do know who it is from.

    What makes it worse - is my friend was a computer manager for a large UK organisation when I first knew him - so, as I really believed the email was from him I had clicked on the link before I checked carefully and saw that despite his email address had been prominently quoted the email actually came from a different email address ending in .... JxxxBzzzz@ctuau.com

    I have forwarded it to the police Action Fraud alert email address - details here: -

    http://www.actionfraud.police.uk/report_fraud

    I hope I have done my penance for stupidly clicking on the link by warning others here and that my Internet security and Firewall protects me and those in my email address book from other problems -

    I am getting as many scam emails nowadays as when I first had a computer almost 15 years ago and was repeatedly being offered wonder creams to enhance my physical features - I am disappointed so many get through to me again - they are mostly connected with apparently reputable companies but Unsubscribing does not help - just more staff comes from others claiming to be agents of those companies - some of whom I already have accounts with - so great care is needed.

    But this time - what I got looked as if it came from an actual real life friend.

    Beware!
    Andrew S Hatton
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