I saw an ad on MSN today titled “See How Aussies Are Beating The Markets With AI Trading” from World Markets which immediately seemed like a scam.
Clicking on it lead to this website.
Wow. Over 20% ROI every month and over 100% ROI in the past quarter.
That works out to be some 240% ROI per annum, or if you let your “dividends” ride, then over 890% per annum.or almost 8,000% in just 2 years.
How easy is that? Where do I sign?
But a quick Google search of World Markets and worldmarket.com revealed some concerning details.
https://www.leaprate.com/forex/regulations/forex-insiders-and-world-markets-appear-on-fma-warning-list/
https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/world-markets/
https://scamonline.net/world-markets-review/?gclid=CjwKCAjwkJj6BRA-EiwA0ZVPVvKKcyItM0OQll2U4CVi73hlIVqHTT7PrAY7G5P9sejbY_r6XdkczBoCsTMQAvD_BwE
https://au.trustpilot.com/review/worldmarkets.com
Smells very much like the disgusting Bitcoin Scams.
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I just did some calculations on this scam with the following results.
A $1,000 “investment” after taking the “profits” each month see a total "return: of $24,000 over 10 years.
Letting the “profits” ride would result in a $1,000 “investment” growing to over $3 trillion in 10 years, more than double the Australian GDP.
I am amazed that these scammers are so generously sharing this nice little earner instead of keeping it all to themselves
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If they kept it to themselves how do we expect them to rip the unwary off…Yes in reality I do wish they would keep it to themselves and just rip themselves off, sadly they don’t and those less well financially aware get badly burnt.
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