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Passive Income Earner Best investment ever. Prophet trading. Automated money
- Thread starter Afcafc
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Hold on, so to pay off debts, you took out an interest free credit card & withdrew £3,000 as a cash advance to PayPal?
Oh and if anyone’s wondering where the 30% goes, the 21 year old owner has just bought a McLaren
Interesting profile - he also pays “social media users” for the number of suckers /clients they recruit each month...
https://instagram.com/jackalex19?igshid=1wd2exe68gztk
Interesting profile - he also pays “social media users” for the number of suckers /clients they recruit each month...
https://instagram.com/jackalex19?igshid=1wd2exe68gztk
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Sherliarty
Money Making Megastar!
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- Jan 26, 2016
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I think with anything waiting and doing nothing but watching is a pretty good strategy especially if it involves a large amount of your own money. I still don't fully understand forex trading so it is not for me but will continue to watch this thread to see how things unravel over time. It will be interesting to know whether the believers or non believers will prevail!
Forex trading is like marmite, you have people who love it and hate it and then everyone else is meh! This thread has been fun to read!
Forex trading is like marmite, you have people who love it and hate it and then everyone else is meh! This thread has been fun to read!
This isn't forex trading, this is letting someone else forex trade for you. You give them complete access to your account.
As always, I hope everyone is doing swimmingly with this scheme.
The Reverend
The value of your investment can only go up, and no-one makes any losses ever. Each month you will pay 30% of your 'profit' to a stranger on the internet and you are encouraged to never remove your funds. If you query anything raised by anyone involved in this scheme you are said to be 'not business minded' or 'not an entrapanure'. People promote the scheme to others without investing it in themselves. Anyone who doesn't 'drink the koolaid' is made out to be stupid for asking questions. This film bears no resembulance to peoples living or dead. No animals were harmed in the making of this movie. All rights reserved. This has been a Rank Cinemas and Skydancer production. Toodle-doo-dooooo-doooooooo!
Sherliarty
Money Making Megastar!
- Joined
- Jan 26, 2016
- Messages
- 1,141
- Points
- 223
Ok so just an update now. Been going strong with Prophet since Feb and managed to make over 100% return on my investment. I borrowed from a 0% credit card to get started. I'm happy to say my balance is approaching 8.8k and I will now withdraw to pay some of my loan of bit by bit every month. Will do this asap. Keep you updated on the journey guys cheers.
I see your getting a bit of a rough time on here when you are just trying to help people. Understandable though, as people are just trying to protect their money and possibly other peoples money too.
Although I am interested to know if you have withdrawn your full initial investment? I haven't read all your posts on this tread but was it £3,000? Have you withdrawn this in profit (post commission) without any issues? To me that would be wisest path to take.
I don't see the above as being anymore risky than MB, the only difference being the person is more in control re MB and the risk is spread across many entities. If bookies go under then there is no safety net like there is with a bank via the FCA/FSCS.
Likewise, if the above outfit goes under then your gubbed.
If you have issues with a bookie then there is the gambling commission to help you
If you have issues with this I'm not sure how much the FCA would do once you've explained you handed over the money (willingly) to a 3rd party who isn't regulated and they lost you cash since you had no say in what they were doing with it
It is so much more risky than MB.
Look at it this way, Can you explain how match betting works?
Then try to explain how this works?
In MB, you place the bets, you get the free bets and you accept the QL.
In this, you give your account over to someone else and thats it.
YMMV
The Reverend
There is still an element of risk with MB as much as I like it. I don't currently do it myself.
I agree, you do have more control over your own money with reference to your analysis above but there is no real safety net with your money 'sitting with' the bookmakers.
They do ring fence funds but it's not foolproof. There is no government protection like the FSCS sheme run by the FCA such as the £85,000 limit.
What Happens If A Betting Site, Bookmaker or Casino Goes Out Of Business, Fails, Closes Down or Goes Bankrupt? Deposit Protection, UK Law and How To Get Your Money Back | Online Betting UK
What Happens If A Betting Site, Bookmaker or Casino Fails, Closes Down or Goes Bankrupt? There are two things a punter can rely on when betting with a bookmaker or casino in the real-world and online. Firstly gambling companies rarely fail completel...
Ring fence doesn't have much meaning to me. They can say all sorts but when a company goes under all the creditors are normally begging in .. space... for their cash.
Of course risk is around us all, even if the banks went under tomorrow then anyone with over 85,000 would most likely lose out unless the gov came out banging and thumping and screaming and telling us all they will save everyone. These are rare occurrences.
I didn't say there was no risk in MB, only this scheme is much more risky than MB.There is still an element of risk with MB as much as I like it. I don't currently do it myself.
I agree, you do have more control over your own money with reference to your analysis above but there is no real safety net with your money 'sitting with' the bookmakers.
They do ring fence funds but it's not foolproof. There is no government protection like the FSCS sheme run by the FCA such as the £85,000 limit.
What Happens If A Betting Site, Bookmaker or Casino Goes Out Of Business, Fails, Closes Down or Goes Bankrupt? Deposit Protection, UK Law and How To Get Your Money Back | Online Betting UK
What Happens If A Betting Site, Bookmaker or Casino Fails, Closes Down or Goes Bankrupt? There are two things a punter can rely on when betting with a bookmaker or casino in the real-world and online. Firstly gambling companies rarely fail completel...www.onlinebetting.org.uk
Ring fence doesn't have much meaning to me. They can say all sorts but when a company goes under all the creditors are normally begging in .. space... for their cash.
Of course risk is around us all, even if the banks went under tomorrow then anyone with over 85,000 would most likely lose out unless the gov came out banging and thumping and screaming and telling us all they will save everyone. These are rare occurrences.
They regulate the industry but I'm not aware of they will underwrite customers/punters/creditors funds in the event of a bookies going under.
My reference to FCA/FSCS was just an example of a financial protection measure and I was not suggesting there was any protection with the said scheme above, just like there is also no protection with MB in the event of a bookies going to the wall.
BreeziOG
Red hair, don't care // Large and in charge
But with MB you're not leaving your money with the bookies for an unspecified amount of time, where with this, it seems anyway, you're actively encouraged not to withdraw your initial funds, or any profit you've supposedly made.
Plus there's a difference between giving cash to a well known bookies, and some random bloke running a trading scheme online, who you have absolutely no information about whatsoever.
Plus there's a difference between giving cash to a well known bookies, and some random bloke running a trading scheme online, who you have absolutely no information about whatsoever.
@TheReverend I didn't say there was no risk in MB, only this scheme is much more risky than MB.
Yes, and I agree re above you have more control over your money BUT your money is with the bookies just like that outfit above (I've forgot the name of it) and in that case it is of equal risk until it is withdrawn in my opinion.
Anyway, always best to keep the above situation in mind, imo.
Yes, and I agree re above you have more control over your money BUT your money is with the bookies just like that outfit above (I've forgot the name of it) and in that case it is of equal risk until it is withdrawn in my opinion.
Anyway, always best to keep the above situation in mind, imo.
@BreeziOG
But with MB you're not leaving your money with the bookies for an unspecified amount of time, where with this, it seems anyway, you're actively encouraged not to withdraw your initial funds, or any profit you've supposedly made.
Your money still has to be with the bookie to bet. Of course it depends on how you operate your accounts. I doubt everyone is withdrawing all their money from the bookies every day re MB. That would be such a major hassle and clearing time would be needed in some cases and you need funds with bookie/betting exchange to back and lay.
If you take your money everyday then of course that is up to you but past bookies going under suggests otherwise with most.
Plus there's a difference between giving cash to a well known bookies, and some random bloke running a trading scheme online, who you have absolutely no information about whatsoever.
Well yes, I was thinking of booking a holiday with Thomas Cook next week with it being such a well known brand.
But with MB you're not leaving your money with the bookies for an unspecified amount of time, where with this, it seems anyway, you're actively encouraged not to withdraw your initial funds, or any profit you've supposedly made.
Your money still has to be with the bookie to bet. Of course it depends on how you operate your accounts. I doubt everyone is withdrawing all their money from the bookies every day re MB. That would be such a major hassle and clearing time would be needed in some cases and you need funds with bookie/betting exchange to back and lay.
If you take your money everyday then of course that is up to you but past bookies going under suggests otherwise with most.
Plus there's a difference between giving cash to a well known bookies, and some random bloke running a trading scheme online, who you have absolutely no information about whatsoever.
Well yes, I was thinking of booking a holiday with Thomas Cook next week with it being such a well known brand.
@BreeziOG
But with MB you're not leaving your money with the bookies for an unspecified amount of time, where with this, it seems anyway, you're actively encouraged not to withdraw your initial funds, or any profit you've supposedly made.
Your money still has to be with the bookie to bet. Of course it depends on how you operate your accounts. I doubt everyone is withdrawing all their money from the bookies every day re MB. That would be such a major hassle and clearing time would be needed in some cases and you need funds with bookie/betting exchange to back and lay.
If you take your money everyday then of course that is up to you but past bookies going under suggests otherwise with most.
Plus there's a difference between giving cash to a well known bookies, and some random bloke running a trading scheme online, who you have absolutely no information about whatsoever.
Well yes, I was thinking of booking a holiday with Thomas Cook next week with it being such a well known brand.
Yep and the well known brand is covered by compensation schemes and ATOL ABTA....must have missed your point
BreeziOG
Red hair, don't care // Large and in charge
Well yes, I was thinking of booking a holiday with Thomas Cook next week with it being such a well known brand.
Where you'd have been fully ABTA/ATOL protected... or you could have given your money to a stranger on facebook who said they'd get you a class deal but gave you no protection or guarantee of a booking...
I know which I'd rather go for.
Obviously any trading/investing will put your capital at risk, but I think the main concern people are expressing here is the ADDED risk of handing full control of your money (and 30% profit) to an unknown source without any notable financial experience.
BreeziOG
Red hair, don't care // Large and in charge
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