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forex trading and brokerage
Traders circle - Melbourne Australia FOREX brokers and training company
I went to their course 2017 to learn options trading at a cost of $5000. Head trainer Carlo Castellano claimed that with their guidance trades would be positive 70% of the time. Sounded great, entered into in 7 trades that they suggested following the course, most were losers and cost me $7000, with any winners most of the rewards were just chewed up in fees.
They talked me into trading the ASX/XJO only which they would manage under their elite trade group. I started with a kitty of $40, 000 around august 2017, I entered in very trade they put to me. During the course they preached to us that you “make money by limiting your losses” and that they recommended that with any trade going against you, should be closed at max 20% loss. It is now August 2018. Throughout the year there were some winners, but again most of the gains were chewed up in exorbitant fees. At the turn of the year things started going really bad for me. With the AU market rising rapidly they predicted it to fall quickly so they hung in - way beyond the 20% loss mark. They kept changing the buy and or sell legs of the strategy charging huge fees each time and still staying with a market down approach when other traders were calling it upward.
By august 2018 my kitty was now $16, 000; I’d lost $7000 plus $24000($31K) in little over a year with their expert guidance. I have since stopped trading with them. These people just can't pick the market direction.
My recommendation: Stay well clear Carlo Castellano and his team!
Scam - loss of money
This guy is a total scam. He runs options trading courses and offers very high risk options trading and portfolios. Ask him for his track record in more detail and he will only tell you the good stories. They report what is a 400% loss as a 100% loss. ASIC has tried to investigate them a few times, but they are clever. I have lost about 50k following his recommendations. My friends and other people who have traded with him all lost between 20 - 200 K following his strategies. Be very aware. He is a lair and a scam.
The complaint has been investigated and resolved to the customer’s satisfaction.
I agree. TradersCircle is a big SCAM! I lost about 50K trading options with these guys. Carlo put out a recomendation and the recomendation I was 'rolled' for over 12 months. My initial 5K investment into the trade turned into a 50K loss. Stay clear of these guys.
Is TradersCircle legit?
TradersCircle earns 100% level of Trustworthiness
Perfect Trust Endorsement: TradersCircle achives 100% ligitmacy per Complaints Board. Highly recommended, yet always stay vigilant.
We found clear and detailed contact information for TradersCircle. The company provides a physical address, 2 phone numbers, and 2 emails, as well as 4 social media accounts. This demonstrates a commitment to customer service and transparency, which is a positive sign for building trust with customers.
Traderscircle.com.au has a valid SSL certificate, which indicates that the website is secure and trustworthy. Look for the padlock icon in the browser and the "https" prefix in the URL to confirm that the website is using SSL.
Traderscircle.com.au regularly updates its policies to reflect changes in laws, regulations. These policies are easy to find and understand, and they are written in plain language that is accessible to all customers. This helps customers understand what they are agreeing to and what to expect from TradersCircle.
However ComplaintsBoard has detected that:
- The website belonging to TradersCircle has a low number of visitors, which could be a red flag for users. However, it's important to conduct additional research to fully evaluate the website's legitimacy and trustworthiness.
- We conducted a search on social media and found several negative reviews related to TradersCircle. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.
Overview of TradersCircle complaint handling
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TradersCircle contacts
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TradersCircle phone numbers1300 368 2811300 368 281Click up if you have successfully reached TradersCircle by calling 1300 368 281 phone number 1 1 users reported that they have successfully reached TradersCircle by calling 1300 368 281 phone number Click up if you have UNsuccessfully reached TradersCircle by calling 1300 368 281 phone number 0 0 users reported that they have UNsuccessfully reached TradersCircle by calling 1300 368 281 phone number+61 380 805 788+61 380 805 788Click up if you have successfully reached TradersCircle by calling +61 380 805 788 phone number 1 1 users reported that they have successfully reached TradersCircle by calling +61 380 805 788 phone number Click up if you have UNsuccessfully reached TradersCircle by calling +61 380 805 788 phone number 0 0 users reported that they have UNsuccessfully reached TradersCircle by calling +61 380 805 788 phone number
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TradersCircle emailsadmin@traderscircle.com.au100%Confidence score: 100%Supportsam.green@traderscircle.com.au94%Confidence score: 94%advisers@traderscircle.com.au82%Confidence score: 82%support@traderscircle.com.au78%Confidence score: 78%support
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TradersCircle addressLevel 7/85 Queen St., Melbourne, Victoria, 3000, Australia
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TradersCircle social media
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