BlueTrading - 19% per month return

EdGasketTheSecond

https://bluetrading.com/


Now obviously someone confident of compounding 19% per month doesn't need to be promoting their 'expertise' to the general public so something is not right here. The interesting thing is the number of positive reviews:


TrustPilot 4*
FxEmpire 3.7*
forexpeacearmy 4*


They must spend a lot of the day creating fake profiles to write their own reviews. There are some bad reviews in there as one would expect but on the face of it outnumbered by happy, smily clients. I guess reviews have become 'fake news' too.



For anyone considering investing see:
https://www.fca.org.uk/news/warnings/blue-trading-bluetradingcom-blue-group

eskbanker

Your thread title will probably attract traffic but I'd argue that something more like 'Yet another unregulated scheme for gullible punters to waste their money on' would be a more accurate choice, given the FCA warning, which IMHO trumps anything else in your post!

EdGasketTheSecond

Maybe but I am more interested in the reviews and how much trust one can put in reviews these days

masonic

Clickbait.

Reviews cannot be trusted. This is not news.

TBC15

Once Bellingcat identify the individuals in the picture. Is there such a thing as a crowd funded airstrike?. If not why not?

On a more serious note shouldn’t the internet’s tools of financial destruction be held financially responsible for the damage they inflict?

EdGasketTheSecond

masonic wrote: »

Clickbait.

Reviews cannot be trusted. This is not news.

That's a rather sweeping statement. In general I find reviews still accurate and helpful but maybe not so at the sharp end of pseudo-investments.

Zanderman

EdGasketTheSecond wrote: »

Maybe but I am more interested in the reviews and how much trust one can put in reviews these days

Nevertheless your thread title, as Eskbanker suggests, doesn't tally with the point your thread is making. The title looks like you're promoting a scheme that gets 19% per month but actually you're pointing out such things aren't realistic and are scams.

(btw if you want to change the title you can by going to Edit and clicking Advanced)

(and, edited to add: I'd take the link to the offending page off if I was you too - the gullible might not read the thread or even all your post, they might just read the title and then click the link...)

masonic

EdGasketTheSecond wrote: »

That's a rather sweeping statement. In general I find reviews still accurate and helpful but maybe not so at the sharp end of pseudo-investments.

I'll grant you it is sweeping, but I don't believe it is inaccurate. Trustpilot, for example, has been mired in controversy over its fake reviews. It's well known positive reviews can be bought and shrewd companies can get genuine non-rulebreaking negative reviews challenged and removed (I've personally experienced this). Even when businesses don't game the system, ratings are often flawed as they are left prematurely before problems have had an opportunity to surface.

Even Amazon, who can at least verify purchases, also has problems - I've been approached on a number of occasions by marketplace sellers offering me bribes to leave a positive review, and there have been reports of positive reviews being left in exchange for disappointed customers getting refunds for products they were unsatisfied with.

There's still value in high quality detailed reviews that share information with prospective customers as to how the product or service works in practice. However, I wouldn't let a string of 5 star reviews with a one liner comment, or an average rating, sway me.

Malthusian

If it's an investment and it's on Trustpilot it's probably a scam. Check the top 20 list in the "investments" category. There are of course exceptions but it's safest to start from that assumption and then eliminate the ones that aren't.

Trust in financial services is generated by adherence to the regulatory structure and a meaningful track record (notwithstanding that PPINGTTF), not reviews.

Clive_Woody

Their team, of what appears to be 11 people, has a combined experience of 40 years. Less than 4 years each on average. Hardly inspires me with the confidence to throw my hard earned money at them if there weren't a dozen other alarm bells already ringing.

londoninvestor

Malthusian wrote: »

If it's an investment and it's on Trustpilot it's probably a scam. Check the top 20 list in the "investments" category. There are of course exceptions but it's safest to start from that assumption and then eliminate the ones that aren't.

Trust in financial services is generated by adherence to the regulatory structure and a meaningful track record (notwithstanding that PPINGTTF), not reviews.

And for this type of product, even the reviews that might be "genuine" seem largely to come from people who have only recently invested.

It might very well be true that the process of the customer handing over their hard-owned money is slick and trouble-free - it wouldn't make me more confident about the eventual outcome of the investment!