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HSL market system is a scam
edited 26 October 2017 at 2:19PM in Praise, vent & warnings
172 replies 34.9K views
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The guarantees would be worthless, they sound great but are only words on paper is not backed as a legal binding guarantee.
The guarantees they sent me do have an address of 40 Bank Street, London E145NR...Canary Wharf......
:beer: cheers for highlighting the FCA situation.
DISAPPOINTING THAT I HAVE TO CANCEL THE ORDER FOR MY YACHT THOUGH:eek:
I signed up in mid August and have only been paper trading and not used my online broker to buy anything, as yet.
So far I have paid £499 to get 2 years worth of LSE data and £3950 to get the actual system that is sent in a welcome pack through the post. I can confirm that the balance owing of £4950 becomes due ONLY if i make the promised £30K in two years of trading.
I haven't made anything paper trading but have been assured that i had too many different sectors and positions open and that I only need to get into the market with 4 x holdings of £500 and can juggle my way to £30K in the quoted 2 year time frame?
Any Opinions welcome, good or bad!
If you can keep us updated with how you get on that would be great!
I got as far as having the software sent to me (after paying a £100 deposit) but due to not finding any evidence of this scheme or company I returned it and requested a refund.It took approx. 3 weeks of constantly emailing and phoning but finally money was refunded.
I also contacted various financial/investment advisors and they had never heard of the scheme.
In the end I just went with the old adage, if it sounds to good to be true..it probably is.