Currencies Club Software claims that it is possible to make $5,000 per week, but before you fall for this scam, you might want to do your due diligence and read this Currencies Club review scam. The club claims to have 15,000 members, by the end of this review, you will be glad that you are not one of them. Let’s take closer look at the Currencies Clue Website.
How does Currencies Club claim to work?
The Currencies Club system is different from many of the other trading systems out there in that instead of making binary options trades, it works by leveraging the currency exchange rates. The system is based on how many of one type of currency equals another. Essentially, the system is buying and selling dollars and other currencies and then exchanging them for another. It is quite a complicated process to explain, but it is a legitimate trading system.
The foreign exchange market, or Forex market, is speculative. You are hedging bets that the currency that you purchase will appreciate and you will make money by selling it at the higher price. This is like any other investment instrument in that your intention is to buy low and sell high. So why is the Currencies Club program a scam?
Little Fish Big Pond
Typically, only large investors with huge amounts of money play in the Forex markets. You have to buy in quantity in order to make money. However, if you guess wrong and the currency that you purchase goes down, you can lose your money very quickly in the Forex markets. The Currencies Club scam advertises itself as being appropriate for beginning investors with almost nothing to start with. This is not the typical profile of a Forex investor. Currencies Club counts on you not knowing this.
The Currency Club claims to be a group of advisors with 30 years of experience. The video claims that you can allow tap into their system. The video claims that currencies are more stable than stocks and options. Anyone who has read the stories about Brazil’s economy, or the Greek crisis know that currencies are anything but stable and reliable. The Currencies Club claim that currencies are a safe bet it simply not the case. For the small investor who is risking money that they need for living expenses this review thinks that they have no business playing in the Currencies Clue software scam.
Big dreams, bigger costs
The narrator in the video claims to have gone from rags to riches using the system. It is not until the end of the video, that you learn this mystery man’s name is Robert Kevin. When you search for the name Robert Kevin, there are 2,530,000 results. It would be difficult to find the real millionaire Robert Kevin in this list of persons by the same name. This Robert Kevin gave absolutely no credentials or information that could be used to find him. It seems the he has made himself a bit difficult to track down. This Currencies Club review found the same for all of the supposed people in the testimonials at the bottom of the page.
One might notice that there are several typos on the website. This review thinks that if you were selling million-dollar software, you could at least get someone to fix the typos on your web page. If all of this misleading information, nonexistent people, and unprofessional quality advertising is making you begin to think that the Currencies Club is a scam, this review agrees.
The Currencies Club video never exactly explains how it works and why it is better than using another broker. This is another unexplained mystery that is left to ponder. The Currencies Club software works on the currency exchange markets, but the video never exactly explains how. There are many unanswered s that would leave an experienced investor questioning the integrity of the system.
Fake Currencies Club Testimonial
Currencies Club – The final analysis
In the final analysis, you still might be wondering, is Currencies Club a scam? After all, we all want to believe that our wildest dreams will come true and are looking for the magic pill that will make it happen overnight. It is easy to get sucked into a scam that plays to your wildest dreams, but you might want to keep a close eye on your wallet. This is not the way to make millions on the market, unless you happen to be in the category of wealth where you have tons of money to lose in the markets.
One of the most significant issues with the Currencies Club scam is what is missing from their website. By law they are supposed to publish their terms and conditions to let you know exactly what services they are offering. This requirement is supposed to tell you the risks and costs of the program. This website does not have a link that does this. If they are not willing to comply with the disclosure law, it is further reason to be suspicious about whether everything else they claim is up front. When you try to get more information, you are unable to do so until you give them your personal information. They will not even give you the full information about what you are buying until you give them your name and email so that they can hound you incessantly.
The Currencies Club is not based on sound investment reasoning, and is asking you to take some risks with your money that might not be right for you. This, combined with the attempts to hide their terms of service and unwillingness to provide information that can be verified, is more than enough for this review to call this one a scam. This one will not tell you what you are getting into until they already have you hooked. This club that is one that is best to stay out of. There are legitimate companies out there that offer legitimate programs for beginning investors, but you need to do your research. Any reputable company will give you the information that you need up front and not try to hide it. Do yourself a favor and do not become one of the 15,000 people Currencies Club has scammed.
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This does not mean that there aren’t any credible programs around the block. There are definitely quite a few. Copy Buffett software is the best among them. You should give it a try.