- Report: #551208
Complaint Review: ivybot - knoxville Tennessee
Reported By:
Ivybot is a ripoff -
temecula, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
ivybot
6923 MAYNARDVILLE HWY knoxville, 37918 Tennessee, United States of America
Phone:
Web:
www.ivybot.com
Categories:
Business Rating:
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ivybot Ivybot is a SCAM! Stay away. False claims. My account lost 10k in the first month. knoxville, Tennessee
DON'T SIGN UP FOR THIS SCAM!
I signed up for Ivybot believing it would at least live up to 10% of the incredible gains it promises. Claiming over 500% in 190 days for 2009 on their website. www.ivybot.comThey have all of the major tv networks on their site and make it look like its a guaranteed thing. Well here is the reality.
I opened a d account with 50k and in less than 30 days the account is not DOWN to 40k. A 20% loss in less than 30 days! Forget 500% return or even the 10% of that that I thought might be a possibility.
I contacted ivybot.
There response was.
"We are aware of the recent negative trades the Ivybot system has made. Like any trading system, there are occasional equity draw downs. Our team has also suffered losses on these trades and we are currently re-optimizing the system to better account for recent market activity. We have experienced some losses in recent history as well, but nothing to the amount you are speaking of. You have to be sure you are using lot sizes that go along with how much money you have in your account. Be sure your equity stop is set at .02 as this allows you to lose no more than 2% of your account at any given time. We have been seeing better trades the last few days and expect Ivybot to turn around and begin being profitable once again very soon."
Thanks,
Support
Thanks,
Support
Well I sent them an email 2 weeks ago and they responded with the exact same message. It's automated.
They just want to try to keep me on the hook until the 60 day cancellation is up through clickbank.
Well I am cancelling and letting anyone else know they have 60 days through click bank to cancel.
DON'T SIGN UP FOR THIS SCAM!!!!!!!!!!!!!
IT DOES NOT WORK.
