- Report: #771586
Report - Rebuttal - Arbitrate
Complaint Review: Opvest
Opvest sells losing options regardless of market conditions, Internet
*Consumer Comment: Read About Fine for Opvest's Anti-clent Culture
*REBUTTAL Owner of company: Opvest Officially Recognized Anti-client
*Author of original report: OpVest loses money regardless of market conditions
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The funny thing is that I have lost money in almost every trade, and it didn't matter if the market is up or down. On top of that, I had to pay them $30 every trade, both for opening and closing positions. I didn't know what kind of trick they were pulling but I figured something had to be wrong. They were either placing parallel trades with different customers (like placing a long call with customer A and placing a short call with customer B so it evens out for them no matter which direction the market is going) or just offloading losing positions to us. Either way, I realized I was making money from my Scottrade account to cover what these guys lost me. It didn't make any sense at all, so I decided to pull out.
Nobody can consistently and accurately predict market conditions, and the above is just my personal opinion. I am not saying that Opvest is necessarily a scam, but it hasn't do me any good financially. The free video tutorial they provided is very informative, but there is nothing you can't learn from a CFA text book. I hope my review offer you a better insight before investing with Opvest.
This report was posted on Ripoff Report on 08/31/2011 03:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Opvest/internet/Opvest-sells-losing-options-regardless-of-market-conditions-Internet-771586. 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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