• Report: #700450

Complaint Review: EminiTickFactory.com

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  • Submitted: Sun, February 27, 2011
  • Updated: Mon, October 08, 2012

  • Reported By: Jim — Providence Rhode Island United States of America
EminiTickFactory.com
Internet United States of America

EminiTickFactory.com 4xPipFactory.com Charged a lot for chart indicators and a trading room and then hardly every opened the room. Internet

*Author of original report: Lack of Response

*REBUTTAL Owner of company: The Real Story

*Author of original report: Alpha Trend Software Services

*Consumer Comment: My Experience with Micheal Kanuika

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I purchased a trading program from Michael Paul Kanuika, which included chart indicators and 6 months of a trading room during which he would show his students how to trade the E-mini S&P Futures (ES) and EuroDollar E-mini Futures (6E.)

The originally cost $2995, but when I did not purchase right away, which I was seriously considering doing, they cut the price in half because of a special cost-sharing program (essentially, $2995 bought me 2 licenses to his program, and now they had another student looking to get in so they would allow me to split my cost with him.)

I purchased the program on my Mastercard, which they were trying to dissuade me from doing, for what now seem like obvious reasons.

The day after I purchased the program, the trading room was closed.  The entire next week, the trading room was closed.  Then for half of December 2010 the trading room was closed (even though they had sent out a schedule for the days during which the trading room would be open. [continued below]....
.....)

Then Michael Paul Kanuika, the lead (and now seemingly only) trader had a bad tennis accident and was unable to operate the trade room. 

I requested my money back repeated via email, and was made to feel from customer support that I was uncaring about Michael's tennis accident condition. They had seemingly no concern for my situation, having paid $1495 and received not even close to what I was promised.

My advice is stay away from Michael Paul Kanuika and 4xPipFactory.com and EminiTickFactory.com as it simply does not appear to be a reputable organization.

This report was posted on Ripoff Report on 02/27/2011 05:17 AM and is a permanent record located here: http://www.ripoffreport.com/r/EminiTickFactorycom/internet/EminiTickFactorycom-4xPipFactorycom-Charged-a-lot-for-chart-indicators-and-a-trading-roo-700450. 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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REBUTTALS & REPLIES:
2Author 1Consumer 1Employee/Owner
Updates & Rebuttals

#1 Author of original report

Lack of Response

AUTHOR: Abryan - (United States of America)

Thanks for finally responding Michael.  It only took 21 months!

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#2 REBUTTAL Owner of company

The Real Story

AUTHOR: Michael Kanuika - (United States of America)

Hi this is Mike and yes I did have a serious tennis accident a couple of years ago were I came close to breaking my neck after running into a solid steel wall that was hidden by a vinyl curtain during an intense indoor training session. I was out of the trading room for about a month due to being on pain medication. I also gave the members additional time in the trading room to make up for my absence.

As far as the claim that you can get our indicators for free on some trading trading forum is not true. They may look similar to our indicators as some indicators will, but check it out for yourself and you will see that what I say is true. Our indicators are programmed with real time visual and audio alerts for our proprietary trade setups.

The bottom line is this: We have the one of the best trading systems in the market place today(The AlphaTrend Momentum Trading System). We give you a FREE 7DAY FULL ACCESS TRIAL to the LIVE TRADING ROOM, the ATM Indicators, the ATM Success BluePrint User Guide and ATM Success Blue Training Videos. We surely wouldn't give you free access to all this for 7 days if it was not Great.

Go to www.alphatrendsoftware.com and take our 7 Day Free trial and decide for yourself who is really telling the truth. More importantly forget all of this nonsense and start making money today trading the markets. You have nothing to lose with the Free Trial and a life of financial freedom to gain. Check it out today it's Free.

-Mike
Founder & President
AlphaTrend
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#3 Author of original report

Alpha Trend Software Services

AUTHOR: Abryan - (United States of America)

Eminitickfactory.com and 4xpipfactory.com are now called Alpha Trend Software Services  aka alphatrendsoftware.com

This is probably an example of this company reinventing itself once the original brand is sufficiently scarred.

I never received a resolution from this company regarding my original complaints back in December 2010.  I would stay away from them.

Also, many of their "proprietary indicators" were free indicators available on the Big Mikes Trading Forum.   See for yourself.

Good luck in your trading and don't get taken for a ride from Michael Paul Kanuika and whatever he is calling his company now.
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#4 Consumer Comment

My Experience with Micheal Kanuika

AUTHOR: Todd - (United States of America)

I had a couple of experiences with Micheal Kanuika. First was around 5 years ago or so when he was trying to get some sort of MLM going and his was pushing something called "Profit Navigator" and the idea was to pay an upfront charge and some money monthly and he would teach trading as well as run a room of some sort. That failed after 6-8 months for whatever reason. Then he came up about a year or two later and he was talking about his system that gets him 5% everyday all day long trading the Russell most often and he was going going to run a "one time training" for those interested which consisted I think of 4-5 days of training. He "guaranteed" 5% a day mind you. First of all, 90% of the time he talks about personal development stuff and psychology and quotes different books etc... 90% of what he talks about has nothing to do with trading and you will find yourself wondering what you paid for. He is likeable and everything but he spends so little time talking about trading it is irritating rationalizing that the psychology is far important than the trading technique etc. Then, when he finally starts teaching about stuff, you will find yourself wondering if what you are getting is worth it because it is really basic and can find it anywhere.

Finally, we do some live trading for 3 days and guess what? I remember very well he lost on two of the days and the other one he barely eeked out a profit and decided to quit (he wouldn't tell us how much was in the account but it was only like $100 profit)  I would imagine so he wouldn't lose it that day again. I gently reminded him that he "guaranteed" 5% profit a day and therefore since he was not able to demonstrate that I would like a refund because that is just being fair. Guess what? That slick talker who is Mr Spiritual came up with a bunch of excuses not to honor it. I believe this guy aspires to make money selling the idea of trading and making money doing so but he doesn't make money trading himself. That is why he spends so much time talking about anything but trading to rationalize filling in the time for your dollars spent. I would stay away from the guy for sure.
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