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Report: #551208

Complaint Review: ivybot - knoxville Tennessee

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  • Reported By: Ivybot is a ripoff — temecula California United States of America
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  • ivybot 6923 MAYNARDVILLE HWY knoxville, Tennessee United States of America

ivybot Ivybot is a SCAM! Stay away. False claims. My account lost 10k in the first month. knoxville, Tennessee

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DON'T SIGN UP FOR THIS SCAM!
I signed up for Ivybot believing it would at least live up to 10% of the incredible gains it promises. Claiming over 500% in 190 days for 2009 on their website. www.ivybot.com
They have all of the major tv networks on their site and make it look like its a guaranteed thing.  Well here is the reality.  
I opened a d account with 50k and in less than 30 days the account is not DOWN to 40k.  A 20% loss in less than 30 days! Forget 500% return or even the 10% of that that I thought might be a possibility. 
I contacted ivybot. 
There response was.
"We are aware of the recent negative trades the Ivybot system has made.  Like any trading system, there are occasional equity draw downs.   Our team has also suffered losses on these trades and we are currently re-optimizing the system to better account for recent market activity. We have experienced some losses in recent history as well, but nothing to the amount you are speaking of. You have to be sure you are using lot sizes that go along with how much money you have in your account. Be sure your equity stop is set at .02 as this allows you to lose no more than 2% of your account at any given time. We have been seeing better trades the last few days and expect Ivybot to turn around and begin being profitable once again very soon."

Thanks,

Support

Well I sent them an email 2 weeks ago and they responded with the exact same message. It's automated.
They just want to try to keep me on the hook until the 60 day cancellation is up through clickbank.
Well I am cancelling and letting anyone else know they have 60 days through click bank to cancel.
DON'T SIGN UP FOR THIS SCAM!!!!!!!!!!!!!
IT DOES NOT WORK. 

This report was posted on Ripoff Report on 01/08/2010 03:44 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ivybot/knoxville-tennessee-37918/ivybot-ivybot-is-a-scam-stay-away-false-claims-my-account-lost-10k-in-the-first-month-551208. 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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