• Report: #1135869

Complaint Review: Richard Morrison

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  • Submitted: Wed, April 02, 2014
  • Updated: Thu, April 03, 2014

  • Reported By: SCAM — murrieta California
Richard Morrison
Internet USA

Richard Morrison Top 1% Binary Trader Richard Morrison, Richard Morrison Day Trader, Top 1% Trader Richard Morrison. Richard server Not true , Scam, con man, false advertisement, dirty little devil . Online USA Internet

*General Comment: Richard server scam

*Consumer Comment: Total rip off

*Author of original report: One last thing!!!

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Richard Morrison is a con I saw his webinar on two diffrent occasions a month apart. In his webinar he sells a software that is suppost to trade binary options for you. The problem is before he even gets to the software in which he never shows working live he just shows you accounts with money in them in one he shows you an account with 4.4 million dollars in it and that is with some online broker, that is really dumb because no proffessional trader is going to leave that amount of money in account with some offshore broker who could close their doors in the morning. He then picks some random person on the webinar who he calls Marco that works at a restuarant in London who does not make no more than $1000.00 a month with a wife and two kids but has the money to fund a $300 account just like that to start trading on. Mystery Marco happens to be on both of his webinars two months apart. Well with his software he gets Marco to give him the log in information , after that during the webinar that lasts 2hours mystery Marco has $1300.00 in his account that the software traded for him. The funny thing we never saw the software work live. Richard just told us it was trading in the back ground making all of this money. The kicker is when Richard showed his account and the trades his software made which was in nov 2013 not an up to date trades like with in 24hrs or live trades at least. He had trades that were 60 binary options were he invested $20 but he had a pay out of $1000 he had other trades again that were $250 ,$100 and $75 that all had payouts of $1000 THAT IS IMPOSSIBLE no broker in the world is going to give you returns like that they would be out of buisness!!! Brokers give you a max of 70% on a sixty second trade so if you trade $100 and you win your return would be $170. Richard Morrison is full of crap. Stay away from this guy.


This report was posted on Ripoff Report on 04/02/2014 11:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Richard-Morrison/internet/Richard-Morrison-Top-1-Binary-Trader-Richard-Morrison-Richard-Morrison-Day-Trader-Top-1135869. 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:
1Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 General Comment

Richard server scam

AUTHOR: jahman - ()

Well, I did not trust these guys but I decided to test out cautiously with the intention to get a refund. Richard Morrison server is a complete scam.. 

 

Here is the sequence

 

1. Signup - They claim to have limited space for about 20 persons for $497.00 to pay for hosting in use the auto trading platform. well, if you keep clicking out then stay on page, they eventually bring that down to $97.00. So I paid $97 to sign up with credit card of course.

 

2. Members Area - Once you log into the members area, you see a lot of links.. There is a place to select a preferred broker to fund your account. One other suspicious point is that to do autotrading you need to enter your email only.. So how do you allow a trading software to work without the password for your broker account? That is very suspicious.

3. Broker Account - So I signed up for the account with "Options area" in this case and deposited less than $300 of course with an eye to dispute with credit card company if needed. Of course after sign up, keep getting call from the broker to help me trade. One lady told me to add $2000, so we can make some good money. She did not even offer to grow the money already there. 

4. Linking Account - Now, I go back to members area to link the account and see if there is any changes on my broker account.

Results

I have seen zero activity on my account so far even after linking. I emailed support and they beat around the bush saying it takes awhile to start trading.

So I can practically declare Richard server as a basic scam with practical experience.. They goal they have is to get referral money from the brokers which by the way, will keep asking you to put more money in your accoiunt to trade and lose until you run up $5000 or more in time. Its like gambling, put more and you win it all back..

 

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#2 Consumer Comment

Total rip off

AUTHOR: Cornelieus - ()

He does charge 497 but if you keep clicking stay on this page it drops to 97. I tried the program and customer care doesn't help you. I am so thankful they didn't. I found out people have lost money with this system. It is impossible to make $4,000 off of $250 in less than a hour. He is making big money off a bs server. Please do not send him your money. He is no good

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#3 Author of original report

One last thing!!!

AUTHOR: SCAM - ()

I forgot to mention he says his software is free but he tells you that he has to charge you $497 to use his server. You can go to amazon and use their servers and have the software run 24hrs a day and it will cost you under $2.00 a month or you can get your own dedicated server. He is just a scam.

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