• Report: #1079246

Complaint Review: AIC Intenational

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  • Submitted: Mon, August 26, 2013
  • Updated: Tue, May 13, 2014

  • Reported By: Disgruntled AIC Customer — Syracuse New York
AIC Intenational
Internet USA

AIC Intenational Refuse to refund money when their product does not work internet

*Consumer Comment: User error perhaps? or disgruntled ex-staffer?

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AIC International will cold call you and offer a service using their software to carry out arbitrage trading.

You cannot check their software until you check the money and any live demo they do cannot fully test the software. You cannot carry out the main functions of the software when you are shown the test.

After paying the money you quickly work out the serious problems with the software (Called Continu8). It does not work as they tell you.

The information they send via the internet is mostly old data that cannot be used.

They will tell you there are no limits to the amounts you can wager. This is a blatant lie and very quickly you will find out you are very limited in what you can actually do.

At least 50% of the OPPORTUNITIES they put on their website are not usable - the facts are wrong. This is fact and you cannot check this on the test they give you. [continued below]....

.....

Then you contact the company and demand your money back. This is where the lies and deceit really starts. They will procrastinate and do nothing.

I know there are many other people who have been ripped off by this company.

Add your reports to this site. 

Be very, very wary of this company


This report was posted on Ripoff Report on 08/26/2013 04:23 PM and is a permanent record located here: http://www.ripoffreport.com/r/AIC-Intenational/internet/AIC-Intenational-Refuse-to-refund-money-when-their-product-does-not-work-internet-1079246. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

User error perhaps? or disgruntled ex-staffer?

AUTHOR: Simon Montrose - ()

I have been contacted by my account manager (Jimmy Suther) at AIC International in relation to this thread - he asked me to make 'fair' comments and to start by describing my experiences with his own products and service and that of his company - AIC International and Continu8.

For the record, I have had no problems earning profit from this continu8 platform/ trading system... and I have even spoken with several other happy customers before becoming invovled myself.

Reading some of the published content here is alarming. Clearly, the OP has an axe to grind or alterior motives.

AIC International will cold call you and offer a service using their software to carry out arbitrage trading.

Untrue. It is not the same as arbitrage trading - so we already have misinformation seeping through here!

You cannot check their software until you check the money and any live demo they do cannot fully test the software. You cannot carry out the main functions of the software when you are shown the test.

So what you are saying is: the demontration doesn't test the software? That is odd because I believe the whole reason that you would ask for a demonstration is to TEST THE SOFTWARE? The functions in the demonstration are different to the production version? again, unfounded and false from my standpoint.

After paying the money you quickly work out the serious problems with the software (Called Continu8). It does not work as they tell you.

Untrue and unfounded. This company has been around for years, and I personally spoke with 4 or 5 previous customers before investing in the software. I thought it was a scam, because I was a newbie to trading. Once I began though, I found otherwise. This software easily and quickly identifies opportunities.... that is all I wanted it for!

I would like to know more detail about 'serious problems'?

You say it does not work? Why? Software crashes? No connectivity? BSOD? They have a full team of support staff to assist (I even got helped at 6.30pm on a Friday night by Jimmy Suther my account manager)

The information they send via the internet is mostly old data that cannot be used.

Send data thats old? makes no sense...

They will tell you there are no limits to the amounts you can wager. This is a blatant lie and very quickly you will find out you are very limited in what you can actually do.

I don't think you have understood the software parameters because I had this same issue at the start. The limit is apparantly something imposed by the book makers - meaning, there is no limit to the amount you can wager in the software. If the bid is not accepted then this is something outside of the softwares functionality right? This was clearly explained to me... 

At least 50% of the OPPORTUNITIES they put on their website are not usable - the facts are wrong. This is fact and you cannot check this on the test they give you.

Why not? So, just use a different window and verify the information is the same in a real-time environment? Perhaps this whole trading thing is too much for you if this is something that has been difficult for you to research!? the whole 50% thing is blatant guess-timation [or beratement].

Then you contact the company and demand your money back. This is where the lies and deceit really starts. They will procrastinate and do nothing.

They offered me a 10-day cooling off period, and money back guarantee. Cannot ask for much more than this? If someone ordered and received something from my company, and then 'changed their mind', then I would not be able to offer a refund [I am a Fish and Chipper - hahaha]. Advice, do your homework and read the details to ensure you are finding the product or service you need, and not just something that sounded good on paper.

I know there are many other people who have been ripped off by this company. Add your reports to this site. 

Where are they? I know that every unhappy customer will tell more people than a happy customer. But I cannot help but feel bad for Jimmy and his crew for seeing this type of libel coming forward on the world wide web... and having a hard time trying to argue against a faceless and anonymous poster.

Well here I am - Simon Montrose of South Melbourne in Victoria (just near Clarendon Street). I am happy to talk with anyone about the BENEFITS of AIC International or how Continu8 is not a scam!

Now your turn.... to give O.P. ANY CREDIBILITY WHATSOEVER - please state your name and city... and provide a way to be contacted to expand on your 'experiences'. Are you an ex customer or disgruntled staff member? Are you a competitor selling a competing contingency trading platform? Whatever the case may be, your anonymity does you no favors.

Be very, very wary of this company.

Be more wary of 'anonymous' hero filing reports on scam watch sites!

Well I hope other people reading this site can keep an objective mindset when investigating any potential investment. Sometimes, you must take a risk to get a profit - and in the case of Continu8 software, they remove the risk altogether.

I am here to set the record straight - but I do not generally discuss investments with others. 

email is just name @ yahoo.com.au if so inclined.

Simon Montrose of South Melbourne.

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