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
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/reports/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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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