[Resolved] Hedgestone Group / cfd and binary options trading
The connection to this scam is provided by Facebook. The Advertisement on Facebook provides the links to the Web Site. The Hedgestone Group Binary Options Trading Platform has a very professional appearance. However, the operators (Account Advisors) run a very old scam (Con Game). It a very typical carrot and stick method; where the promise of a large payback can be gained by additional investment. The promise of more is promoted by a few modest gains. The operator gains your confidence by guiding your trades on their platform. You learn to follow the operators advice because they appear to have more information on the Forex trends than appear on the trading platform. In order to expand the scope of your trading, you are requested to deposit more cash into your trading account; this provides you with gold and then platinum status. your status provides more latitude for the trades. The coaching and building of trust with your trade advisor; and the cash investment can go on for weeks; until they have pushed you to the maximum risk you can afford.
When your final trading session comes; the advice you receive will appear like any previous session and start with a loss on an unusual pattern on the trading platform; which you will be advised to offset with a lager trade; then a large loss that needs to be offset in a panic by a larger trade that leads to a loss that needs to be offset in an even more panic larger trade. Because you have made each of the trades with only the advise of your trusted advisor; you are to blame for the loss. The result of this experience is the loss of a significant amount of cash and of an opportunity to make a large return on your investment quickly.
When you start an account on this trading site; you are warned of the extremely high risk of trading in binary options. The risk in these trades is supposed to be offset by the training and active advise you receive from your advisor. The advisor is there to build a trust relationship with you; so that you will overlook the risk and increase the amount of cash in your trading account. The trust you provide to you trade advisor is the essence of this scam. He will lead you to the abrupt loss of a signifact amount of cash ( in the tens of thosands).