Strategy Markets SWP Portfolio

mrcheesemrcheese Posts: 2
I've been approached by a company called Strategy Markets who are offering a fully automated trading portfolio they call "SWP Portfolio".

It's their own software and that runs trades based on their own rules. You have no control over what or how much is invested in each trade.

They are claiming average monthly returns of 3% using their fully automated portfolio, and they want an initial £20,000 deposit with inability to withdraw for the first year.

As a complete newbie to forex/binary options, I thought it wise to ask what are your thoughts are?

Are these returns realistic? Does anyone have any experience with Strategy Markets or their SWP Portfolio?

Comments

  • OkaneOkane Posts: 1,048 admin
    mrcheese said:

    I've been approached by a company called Strategy Markets who are offering a fully automated trading portfolio they call "SWP Portfolio".

    It's their own software and that runs trades based on their own rules. You have no control over what or how much is invested in each trade.

    They are claiming average monthly returns of 3% using their fully automated portfolio, and they want an initial £20,000 deposit with inability to withdraw for the first year.

    As a complete newbie to forex/binary options, I thought it wise to ask what are your thoughts are?

    Are these returns realistic? Does anyone have any experience with Strategy Markets or their SWP Portfolio?

    Well, it's easy this one.

    You see, you can already know it's a scam based on your first sentence:

    "A company approached me"
    This is how easy money scams usually start, a company approaches you somehow, through email or cold calls.

    Next warning sign is:

    "they CLAIM to have 70% success rate"

    third warning sign is:

    "they have some magic software" yeah right... all the scammers online have a magic 70-99% winning software.

    Final verdict, big scam and thanks for sharing here. Also mention which company it is, it might save lots of people
    lots of money :)
  • mrcheesemrcheese Posts: 2
    edited May 2017
    Thank you for the reply. The company website is: strategymarkets.co.uk

    //Thanks for the company name, edited the link - Mod.
  • The_Geek_MHThe_Geek_MH Posts: 488 mod
    be very very careful with this one.. it looks like a big scam, it is definitely binary trading, but not regulated or registered or in compliance with CySEC and definitely not located in the UK despite the .uk URL.
  • KatKat Posts: 1
    A friend of mine invested 25k and this month was supposed to get the first return and told them would want to take all the profits to date which were almost 6k the day before it was due to be paid there were 4 trades made of 6k which all lost so the running profit is now less than 1k.......... this has been reported to the Police Action Fraud team........... keep well away from them
  • The_Geek_MHThe_Geek_MH Posts: 488 mod
    That sounds horrible but I am not surprised, it is a typical trick of shady scam brokers. I am sorry your friend got burned, you have to be very careful when making a deposit and super duper extra careful when making a deposit of the size you describe.
  • morris1000colemorris1000cole Posts: 1
    This firm seems to do a bit of research on their targets and cleverly lay the ground before the first cold call. They asked my profession at the end of the call and when I told them I'm a regulatory manager in the chemical industry was able to talk with me about the REACH regulation a major one affecting EU chemicals. Told me he had been in petrochemicals and worked with it and blamed his wife as she came from Helsinki. That's where the EU Chemicals Agency is located! Just enough to make me think he was a straight sort of guy from my industry so more likely I would trust me. You g to make me doubly guarded against future scam attempts.
  • XaviXavi Posts: 2
    mrcheese said:

    I've been approached by a company called Strategy Markets who are offering a fully automated trading portfolio they call "SWP Portfolio".

    It's their own software and that runs trades based on their own rules. You have no control over what or how much is invested in each trade.

    They are claiming average monthly returns of 3% using their fully automated portfolio, and they want an initial £20,000 deposit with inability to withdraw for the first year.

    As a complete newbie to forex/binary options, I thought it wise to ask what are your thoughts are?

    Are these returns realistic? Does anyone have any experience with Strategy Markets or their SWP Portfolio?

    This is a Scam mate i have a friend that deposit 30000£ and with out his knowledge or permission they stick him a Bonus that he never asked or agree and now he is in a very bad situation in health and need money and they don't let him money back, he only wants his investment not any cent more. its a SCAM,FRAUDE Be carefull.
  • XaviXavi Posts: 2
    Kat said:

    A friend of mine invested 25k and this month was supposed to get the first return and told them would want to take all the profits to date which were almost 6k the day before it was due to be paid there were 4 trades made of 6k which all lost so the running profit is now less than 1k.......... this has been reported to the Police Action Fraud team........... keep well away from them

    Same as a friend of mine that scammed with 30000£
  • OkaneOkane Posts: 1,048 admin
    Xavi said:

    Kat said:

    A friend of mine invested 25k and this month was supposed to get the first return and told them would want to take all the profits to date which were almost 6k the day before it was due to be paid there were 4 trades made of 6k which all lost so the running profit is now less than 1k.......... this has been reported to the Police Action Fraud team........... keep well away from them

    Same as a friend of mine that scammed with 30000£
    Glad you shared your story. Even if we keep telling people not to trust such scams, it always makes a greater effect when someone shares
    what happened to them so they really get the picture!
  • sudeshvaidyasudeshvaidya Posts: 1
    My advise would be not to invest with Strategy Market with any of their scheme. Please go through the termination clause. I would like to quote 1) Investor cant withdraw money without giving notice just before renewal of the period, 2) Even you give notcie as per their terms of condition, it is at the option of Strategy to entertain your request or not, and they accept our request they will charge 70% of our investment as penalty charges. It means even you do not earn or loose there is heavy risk of loosing 70% of the investments.

    They may wipe out whole investment during 60 days notice by trading on which we do not have any control

    The so called trade is not executed via automatic trade it is manual trade executed by the trader on Binary option.

    So the conclusion is Strategy Market is big scam and 100% lost of investment if you pay once. You do not have any legal recourse against them. It is unfortunate Uk regulatary have no control against them

    I have suffered with Strategy Market heavily. My advice to stay away or contact me if want more info. Please convey on the Social media to save other investor from suffereing
  • The_Geek_MHThe_Geek_MH Posts: 488 mod
    Thanks for your first hand experience.
  • dreamondreamon Posts: 1
    I believe I have been scammed by the same company, too. I am trying to get the contact of as many people as possible to get their website shut down. Could other victims of the scam - or friend - send me a private message, please?
  • The_Geek_MHThe_Geek_MH Posts: 488 mod
    dreamon said:

    I believe I have been scammed by the same company, too. I am trying to get the contact of as many people as possible to get their website shut down. Could other victims of the scam - or friend - send me a private message, please?

    what's the company? how did they scam you? what website?
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