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Report: #1451163

Complaint Review: CuatroX Trading -

  • Submitted: Tue, July 10, 2018
  • Updated: Tue, July 10, 2018
  • Reported By: CuatroX Rip Off — United States
  • CuatroX Trading

    ,
    United States

CuatroX Trading Cuatro X Cuatro X Trading cuatroxtrading.com www.cuatroxtrading.com Cuatrox (Cuatro X) ripping people off with PAMM account, and misleading people with inexperienced and unqualified "teachers"

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CuatroX Trading (Cuatro X Trading) presents themselves as a school that teaches you to trade the forex market.  Things started out decently, but quickly took a turn for the worst when they used the class as a means to dupe students out of their money.  Rocky Pena started a PAMM account that was supposed to allow your trading account to mirror the trades he made on his account.  This would in essence give him the ability to manage your money for you.  In order to receive this, people were told they had to pay $150 for 6 months of PAMM account access and service.  After collecting money from the group of traders, the PAMM account ceased trading just weeks into what was supposed to ultimately be 6 months.  Not only did Rocky blow the money in people's accounts, he also kept the $150 paid for the 6 months of access (despite not having come even close to fulfilling that). [continued below]....

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In addition to the rip off the PAMM account was, Rocky would constantly cancel classes, but still charge the students as if they took place.  Even worse, he started placing random friends in positions to teach new incoming students.  These unknowing students were being led to believe the people teaching them were succesful traders who can guide them to financial freedom.  Instead, those so-called instructors were actually people who were new to forex trading, themselves.  For example, the two people placed at the forefront of what they refer to as CuatroX Ohio, don't even have a year of trading experience combined between the two of them.  Despite the clear lack of experience and knowledge, they are being presented to prospective students as knowledgeable and successful authorities in the forex market.  Unsuspecting incoming students are being played.

Long story short, CuatroX Trading is mostly about trying to get as many people signed up as they can, as they are trying to become a pyramid scheme.  The guidance they claim to provide does not exist.  On their website, they lie about what they are and what they do.  For example, they claim to have a trade success rate of up to 93%, and collecting 1300+ pips per week.  That is a complete lie.  Their trade signals usually are 50/50 at best, and I've never seen them anywhere close to being 93% accurate, nor have I seen them do 1300 pips per week regularly.  But of course, there's a disclaimer on the website that reads, "the data contained in this website is not necessarily real-time nor accurate".  They lie about their trading, they mislead people about instructors, because they are after your money.  Don't give it to them.

This report was posted on Ripoff Report on 07/10/2018 09:30 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cuatrox-trading/-/cuatrox-trading-cuatro-xcuatro-x-tradingcuatroxtradingcomwwwcuatroxtradingcom-cuatr-1451163. 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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