The Maple Method – Scam or Not

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Marcio

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We decided to make a brief analysis of the Maple Method System and discovered that the product is not popular online. We hope our review will help our readers to make an impression about this system.

The Maple Method system is said to generate incredible profits. But, is this for real? Can a binary system that uses actors for their fake clips and testimonies, as you will find out below, generate profits? Read our review and find out whether this is a reliable trading system or not.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations

– There is free access to the system
– The binary trading robot is fully automated

– The developer’s story cannot be demonstrated to be genuine
– The customer service is poor
– There are many negative comments from the clients

7BO Verdict:

Not Reliable Service

What is The Maple Method System?

Maple Method System is one of those binary options trading systems that have recently appeared on the market and no one know if these really work. The developer of this system is Ryan Wolfe, who has spent 3 months to create the application together with his friends, who don’t have any graduated college and are not familiar with mathematics. These facts make us wonder: should we trust such a system? Or maybe it is a fake program that was made to cheat its clients? In this post, you’re going to discover the reality about Maple Method System.

The video clip from the promotional page seems to be made by some actors. Everything is false there: the video clip, the testimonies, and the bank account balances of the so called winners. Can a system that uses fake methods be really profitable? We doubt it.

You will find on their webpage that it is a special deal and there is a time limit for this, but this is a lie, as the signing up may be carried out at anytime. Any person may access their system, and the statement that this is an invite only site is ridiculous.

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Moreover, the Maple Method System is compatible with binary brokers that are not confirmed to be risk-free and secure.

How Does Maple Method System Work?

We have explored the web and browsed through their webpage, but we could not find any clues about how the system really functions. By informing us that the application functions based on advanced algorithms and formulas, the developer certainly won’t give us any hint. We would like to understand what algorithm pushes the system to achieve so incredible results that are advertised on their sales page.

Getting informed that the system can generate tons of profitable trades is not a big deal for us – we know that every scam system declares the same. We think that the group behind Maple Method System is not clear enough since they’re making the effort to cover the details. We suggest our readers to be careful when searching for a binary automated system.

You must be cautious when becoming a member of this system because whilst they claim that the product is provided for free, you could find yourself in a terrible situation and lose your funds. After joining the service, you get free accessibility to the system. However, the next step will be to choose some broker from their list, and there, the minimum deposit is $250. Considering the fact that their brokers are not safe and many of them came recently, what are the chances that you would actually generate profits with them?

We would be glad to point some advantages of the Maple Method System, but are there any positive points to talk about? We suggest you to think carefully prior to deciding to make an account with them. They don’t have any special capabilities that might attract you. The functions are quite simplistic. We can mention their 24/7 as an advantage, but considering the fact that it is totally unproductive and frustrating, this turns out to be an important drawback that makes us think the system is a total scam.

Final Conclusion: is Maple Method System a scam?

Based on our in-depth research, our team came to the final verdict that the Maple Method system is not a reliable binary robot. This trading system could not reach the results advertised on their sales page. We suggest you to look for a much better binary robot that has already proven to generate profits.

RedMapleFX – Is it a Scam?

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

RedMapleFX – DO NOT TRADE WITH THIS PROVIDER

RedMapleFX’s website does not have any information whatsoever about the kind of trading accounts it offers. It also does not have any information about its trading conditions.

We tried to find out by attempting to register on the broker’s platform, however, we were unable to access the platform either – even though we signed up for the account.

The only information we have about this broker is that it offers two types of accounts – Non-Discretionary Accounts and Fully Managed Accounts.

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Founded: 2020

Regulations: Unregulated

Languages: English

Deposit Methods: Unknown

Minimum Deposit: Unknown

Free Demo Account: No

Number of Assets: N/A

Types of Assets: Bonds, Commodities, Forex, Indices

Trading Accounts and Conditions

RedMapleFX’s website does not have any information whatsoever about the kind of trading accounts it offers. It also does not have any information about its trading conditions.

We tried to find out by attempting to register on the broker’s platform, however, we were unable to access the platform either – even though we signed up for the account.

The only information we have about this broker is that it offers two types of accounts – Non-Discretionary Accounts and Fully Managed Accounts.

The only thing we know about these accounts is mentioned in the broker’s Trading Services page. It states that a Non-Discretionary Account is one where clients can maintain full control of their trading portfolio, while a Fully Managed Account is one where one of the broker’s traders will take care of your account.

RedMapleFX – Advantages

Unfortunately, we could not find any positive points on RedMapleFX. There are just too many discrepancies with this so-called broker.

RedMapleFX – Disadvantages

The disadvantages that RedMapleFX has, however, are numerous, and all of them point to the fact that this is a broker that is out to rob you of your money. Here are the top disadvantages we found:

Not Regulated

RedMapleFX is owned and operated by a company that is based out of Hong Kong, called Red Maple FX Inc. All Forex companies that operate out of Hong Kong are regulated by the Hong Kong Securities and Futures Commission (SFC).

However, when we looking for this broker’s or its parent company’s name in the SFC register, we could not find it anywhere. What this shows is that RedMapleFX is an unregulated broker.

Additionally, there is no mention of any kind of registration or license number on the broker’s website.

Plus500

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

No Corporate Information

Another problem with this broker is that it has no corporate information. We know the name of the company but don’t know anything about the founding members of this brokerage.

So, basically, we don’t know who the people are who run this company or what their antecedents are.

On Multiple Canadian Authorities’ Blacklist

While investigating whether RedMapleFX was regulated, we uncovered another ugly truth. This broker has been blacklisted by the Canadian authorities in two provinces. Both the Ontario Securities Commission (OSC) as well as the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) have issued warnings against this broker.

We were able to get our hands on the notice that was issued by the FCAA. The notice states that RedMapleFX is not registered for Forex trade with the FCAA and that traders needed to beware such brokers that were not registered with them.

No Information on Trading Conditions

We tried everything we could to try and find out about the trading conditions. However, we could not find any information on the broker’s website.

Trading conditions are a critical set of details that any broker needs to be transparent about. It tells traders about the kind of assets that are available for trade, the spread of these assets, and how much leverage they can get to execute their trades. Without this information, traders can never make informed investment decisions.

The fact that RedMapleFX does not have any information is a clear indication that this broker is not to be trusted at all.

No Demo Account

Most regulated brokers will not just give details of their trading conditions, they will also provide traders with a free demo account so that they can test these trading conditions for themselves.

This is the kind of transparency that inspires trust.

Scammers, on the other hand, do not offer demo accounts, since they wish to hide the actual trading conditions that traders will face when trading on their live platforms. Another factor that points to RedMapleFX being a scammer.

No Real Platform

Despite the fact that we registered for a live account (we did it to get information on the trading conditions and the type of platform the broker offered), we were unable to access RedMapleFX’s trading platform.

The only thing that happened after we registered was that we were shown a strange looking dashboard. Trading was not enabled at all.

Because of this, we can conclude that RedMapleFX in reality doesn’t have any trading platform at all.

No Deposit or Withdrawal Information

This is the strangest thing we found with RedMapleFX. This broker’s website has no deposit or withdrawal section. Scammers usually have a prominent button that allows clients to deposit money into their accounts, but we couldn’t find any such button anywhere on the broker’s website.

Another cause for concern was that there was absolutely no information (again) about the broker’s payment methods or transaction fees.

There is a single bank account number given which customers can use to deposit payments, however, when we dug deeper, we found out that that bank account was a private account. And recovering funds from a personal account is not possible.

What this means is that if you put money into this broker’s account, you are never going to see that money again.

Conclusion

RedMapleFX is a broker that is clearly out to scam your out of your hard-earned money. There are so many glaring issues with this broker’s website that it is easy to figure out that this is not a platform you should trust.

In fact, RedMapleFX has not even made an effort to make it look like it is a legitimate broker! No trading conditions, no payment information, no demo account – not even a trading platform!

SCAM WATCH

Betting and sports investment scams try to convince you to invest in foolproof systems and software that can ‘guarantee’ a profit on sporting events.

Common examples of sports investment scams

These scams are simply a form of gambling camouflaged as legitimate investments. Most of the schemes or programs do not work as promised and buyers cannot get their money back. In many cases the supplier simply disappears.

Computer prediction software

The scammer will try to sell you a software program that promises to accurately predict sporting results, usually of team sports or horse racing. They will promise high returns or profits as a result of the program’s use.

Team sports betting programs claim to identify opportunities based on historical trends and the different odds offered by various bookmakers. Horse racing software will often claim that predictions are based on weather conditions, the state of the horse, the draw, or the condition of the jockey. They may also claim to track the money that has been placed on a race by professional betters.

Often the information used in these programs can be obtained from the betting pages of your local newspaper at very little cost.

Betting syndicates

The scammer will try and convince you to become a member of a betting syndicate. You will need to pay a compulsory fee (often in excess of $15 000) to join and open a sports betting account. You will be required to make ongoing deposits to maintain the balance of the account.

The scammer tells you that they will use funds in the account to place bets on behalf of the syndicate. You, and other ‘syndicate members’ are promised a percentage of the profits.

Sports investment

The scammer targets small business operators, professionals, retirees or others with funds to ‘invest’. These schemes are usually promoted as business opportunities or investments at trade fairs, shows or via the internet. People may also be contacted via an unsolicited phone call, email or letter.

The scammer will use technical or financial terms such as ‘sports arbitrage’,’ sports betting’, ‘sports wagering’, ‘sports tipping’ or ‘sports trading’ to make these scams look like legitimate investments. Promotional material often takes the form of glossy and sophisticated brochures or websites that contain graphs or diagrams promising large returns for little or no effort.

The scammer may also claim that their company is registered with the Australian Securities and Investments Commission (ASIC).

Warning signs

  • You approached to invest in a money-making opportunity that promises huge returns and risk-free profits.
  • The sales pitch is accompanied by glossy promotional material showing extraordinary returns.
  • The seller uses financial or technical terms to try and sell their product or scheme.
  • You are told places are strictly limited and you need to buy now in order to secure the software package, or your spot in the scheme.
  • You are frequently called by salespeople trying to pressure you into buying the product or joining the scheme.

Protect yourself

  • If you receive a call from someone trying to sell you a sports investment opportunity or prediction software – just hang up.
  • Be wary of high pressure and slick sales tactics, such as reports on past performance and graphs showing high returns.
  • Do not let anyone pressure you into making decisions about money or investments – get independent legal or financial advice.
  • Conduct an independent check on the company selling the scheme or service – often their postal address will turn out to be a car park and no real office exists.
  • Look out for any ongoing costs associated with the scheme or system.
  • Make sure you know how to cancel any subscription service that you sign up to.

Have you been scammed?

If you think you have provided your account details, passport, or other personal identification details to a scammer, contact your bank, financial institution, or other relevant agencies immediately.

We encourage you to report scams to the ACCC via the report a scam page. This helps us to warn people about current scams, monitor trends and disrupt scams where possible. Please include details of the scam contact you received, for example, email or screenshot.

Spread the word to your friends and family to protect them.

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