Hi,
So I am completely new to trading. I have been following this person called Elijah Oyefeso on social media for 2 years now and at first I was doubtful. But I have him on snapchat and what not, he's due to be on a Channel 4 documentary too. So after seeing all these positive signs, I have decided to go with it and join his "signals".
Anyway, the platform he wants me to use is Interactive Option... Does anybody know anything about this broker at all?
Thanks.
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e.g.
http://www.forexpeacearmy.com/public/review/www.interactiveoption.com
http://www.forexpeacearmy.com/community/threads/interactive-option-is-scam-and-are-working-with-binarymatrixpro.34194/
Elijah Oyefeso requiring you to use only one broker is also a warning sign and I would be very wary of him too.
https://www.youtube.com/watch?v=J35ddkIO59M
I have in fact had his signals on StockPair, but often he would send signals at 12:03 telling me to set them to end at 12:30, however StockPair doesn't have set times, only a duration of time if that make sense?
Considering that I am new, can you give me any advice on where to start learning? I am only 19, so funds aren't very high.
There is a load of info on the forums here and on http://binaryoptions.net/binary-options-education/. If you want something more structured then BSB offer some really good education too, check out BSB Trading University.
Example here is my only trade this morning of which I spent the whole AM waiting for sync/flow, one trade like that below that only wins by less then 3 pips because there is NO FLOW in this crap market. $)($*%@)%Y@.
scams. That is their business. That includes fake reviews, fake happy customers, fake profiles and accounts, making websites and reviewing their own services, lol - a lot of demo trading or faked screenshots and the list goes on... That is their business. They have decieded to basically live of other people's money. And then they even dare to act like they are successful entrenpreneurs... It is actually disgusting. And most of the time, they are so currupted that the are honestly upset when you call them out.
Taken from his own video showing screen shots from his laptop and binary trading account...
He said he trades an hour a day, drives a lambo and a bentley, has many very expensive watches and says £30,000 is a bad week?
Surely he cant be making that kind of money just from referrals?
I am 100% skeptical, just curious to get to the bottom of whats actually going on here...
Looking online I found that after joining his team, after 5 days he asks £107 a month for his signals/training. There you have it. Even if only 10 people are there, thats £1070 a month.
He has 29k twitter followers, assuming only 1000 of those are actually in his team, that is still £107,000 a month.
Most probably only hang around for a month or two, but the constant influx of people from how he markets himself keeps him going.
Since I am also trading for some while and OptionTrade do provides some good signals but I try to trade at my own and that works fine. BTW best of luck with your trading business.
I would recommend reading Elijah Oyefeso *** SCAM WARNING *** on this forum.
I do think this exposure is going to catch him out eventually though, not sure where he stands law wise though as there isn't really any regulation around teaching trading/signals right now. To be honest though, I like that about it, however it does have its downsides like it does with crooks like this.
Secondly it is very difficult for anyone to time his signals correctly as the markets are consistently moving, 10 seconds are a long time in Binary Trading and usually makes all the difference. Most of his clients lose, resulting in them subscribing within the first 3 months. (I tried trading some of the signals, most are impossible to catch)
Thirdly I continued trading with the Brokers from Interactive Options, however they proved to be extremely irresponsible, they wanted to me to risk roughly 70% of my trading account at once in multiple different trades which due to my inexperience and ignorance l listened to. On that day I lost half of my account which was roughly £3000. I then tried to withdraw the rest of my money which apparently takes 10 days to be approved, however after 15 days it still wasn't approved. I called them almost everyday from the 8th day after attempting to withdraw my money but the brokers who helped me trade were avoiding me, I even sent my main account manager an email which he ignored. On the 6/01/2016 I called them again asking them about my withdrawal of around £2400 they finally put me through to a broker who said to me that my account was hacked into and someone traded my £2400 into £0.24p. Ignorance costed me money but this doesen't have to happen to you.
STAY AWAY FROM ELIJAH OYEFESO AND INTERACTIVE OPTIONS.
(I missed out many details which would have made the script too long). Elijah said on the program from Channel 4 that people are jealous of him but that's not true, people hate him because he's a scam, a fraud and deceitful. I have nothing against him, I lost money due to my own ignorance.
(I've saved the messages from elijah's company and emails from the Brokers at Interactive Options.
STAY AWAY FROM ELIJAH OYEFESO AND INTERACTIVE OPTIONS.
By the way does anyone from London remember JA Wealth?????
BTW - Interactive Option is one of the scam brokers he tries to get you to deposit into