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I’ve joined about 6 months ago, I went through his videos and it just terrible; you cannot learn anything or it’s very difficult because he does not know how to teach. Not to mention, that he is trading wrong on my opinion. Maybe he is making his videos confusing on purpose, so you think that you don’t get it and should study/practice more. I have said to him two hard facts about trading (1. not to include emotions in trading process, 2. trading should be treated like a business) in his closed group in Telegram, and what happened? I was expecting him to comment his opinion regarding that, but instead within 1 minute I was removed from Telegram and Facebook group.
Another thing I noticed about his 1k-10k challenge. He blown his account on IQ Option multiple times. You can see that his turnover restarted. Not to mention that on all webinars I’ve been he ended up in a loss or break even. Literally, every time it was like “today the market is not in a good condition”. Then he was able to increase his balance somehow off the camera. I am still so mad at this scammer, who pretends not to be one.
At the time of registration I opened account with Binary Online broker. They’ve been calling me 5 to 20 times per day! Telling/forcing me to deposit. After trading on their platform (with my own strategy, not Julian's) I’ve managed to increase my balance from 250 USD (initial deposit) to 300 USD. Then I requested a withdraw. The process took 3 weeks before I got my money with multiple emails that I needed to send them. And at the end I got 190 USD. What just happened? Where is the rest of my money? Nobody answered me. I guess that money went to Julian.
Why am I wasting my time here writing this? Because I am so mad and angry at this pig that I have so much hate energy inside of me because of him. I did not hate and I do not hate any person on this planet except him.
I was part of his group for over four years and at the beginning I thought I learned a bit but after exploring the world of Forex, I learned that he only knows the basics and loves to overload his template with indicators and blindly trades off them alone. No price action, divergence or any other form of technical or fundamental analysis.
At the beginning of this year, he was having so much trouble that his win rate was below 13%, and he was missing or ignoring basic technical and fundamental analysis that he was losing more trades on his webinars than winning. After stepping way to move house and having a baby, he came back after a month and demanded that every member in his group; 3K resign up and deposit to join a new group or if you was a new member within the last few months, all you had to do was prove you signed up to one of his affiliated brokers, so he can get his commission.
Ignoring that something was wrong and how he was doing over his long term customers, I went ahead and joined this now group, The Binary Lab Elite, as did a few other long term members, but straight away I noticed that something was wrong as the broker of choice to rejoin was IQ Option, a broker that follows all regulation rules and does allow you to withdraw but has the worse affiliate campaign ever; the affiliate makes more commission off the losses of their sign ups.
The next flag that went up was what and how he was trading, he set up a strategy that members could trade off IQ Option 15 second chart, which to this day gives 50/50 results. He ignores all the basic technical analysis such as price action, divergence, and any patterns at all. He even states that fundamentals such as news will not affect the 15sec chart. He also offers a 7 tier martingale strategy that will supposedly allow your setups to win in the end, but the truth is that they will blow their accounts and he, Julian, will get his commission from the losses.
As I have my own strategy for Binary Options and Forex, I didn’t bother with what he had to offer, but when I saw members having trouble and no real guidance was given. I added my own observations such as perhaps you are all having trouble due to trading off the 15sec chart, and you are all ignoring basic technical analysis but was confronted with the market is erratic and not the strategy. I rebuffed with that you need to check higher time frames as part of your daily analysis and ignoring news is very wrong, I even stated that the 15 sec chart trading is nothing but gambling and that there is too much noise to even try and read the charts. I even stated that binary in itself is nothing but a gamble, which I didn’t portray as negative, as we all like to go to the casino.
My opinions were mostly ignored by the group as they have all been brainwashed to believe that no real knowledge is needed to trade and that the 15 sec chart is the best time frame to get rich fast. As a byproduct in stating my opinion, I was kicked out of the group and called a loser and a person who blew his account and blames Master Julian Wong for my own lack of understanding.
I want to inform everyone that Julian Wong is nothing but a very dangerous affiliate marketer and only has basic and limited trading knowledge. He also uses brokers that are not regulated such as Expert Option, Olymp Trade and Pocket Option even though his members have stated they have been scammed by them as to prove he is only interested in the commissions he gets.
*DON’T SIGN UP TO JULIAN WONG'S THE BINARY LAB GROUP AS IT'S NOTHING BUT AN AFFILIATE COMMISSION SCAM*