Jackson Capital?

[Jordan belford]

Thinking about opening an account with jackson capital. Anyone heard of these guys?

 

[stockGURU]

Some discussion here: http://forums.whirlpool.net.au/forum-replies.cfm?t=2175274

Much of it negative.

 

[Timothy R]

I opened an account a littlle over a year ago. never tried algorithmic investing before. ive made some money but not sure if i will go all in with these guys yet. the bloke running it is an electrical engineer so seems in good hands.

I will let you know in the coming months...

 

[Jordan belford]

thanks Timothy R. please do!

 

[Jordan belford]

Some discussion here: http://forums.whirlpool.net.au/forum-replies.cfm?t=2175274

Much of it negative.

^^Thanks stockGURU. but that doesnt seem to give me much

 

[CanOz]

^^Thanks stockGURU. but that doesnt seem to give me much

Sounds bit suss don't ya reackon? You promoting them?

 

[cynic]

^^Thanks stockGURU. but that doesnt seem to give me much

Doesn't give you much of what exactly?

Oh of course! I see now! It doesn't give you much business!

After all that's what this is all about isn't it? Generating business when things are going slow!

 

[McLovin]

Probably could have picked a less suspicious handle.

 

[Jordan belford]

Doesn't give you much of what exactly?

Oh of course! I see now! It doesn't give you much business!

After all that's what this is all about isn't it? Generating business when things are going slow!

business? just after some facts and figures to see if these blokes are legit or not. that forum didnt have any anecdotes just alot of semantic BS.

does anyone have any actual expereince? not just a link to another forum?

 

[cynic]

business? just after some facts and figures to see if these blokes are legit or not. that forum didnt have any anecdotes just alot of semantic BS.

does anyone have any actual expereince? not just a link to another forum?

So the responses in another forum did not satisfy you?!
( In case you hadn't noticed, this also happens to be a forum!)

 

[pixel]

OK, just for fun, I've run a few searches

Whirlpool Forums are quite a reliable, independent barometer for just about anything, especially for dubious newcomers, products, and offerings. Suffice it to cite some typical quotes:

"Jackson Capital trading systems have generated on average absolute returns of between 20% and 40% per annum"

That's all I needed to read. Stay away from them. Automated trading systems that return between 20% and 40% PA? Rubbish.
You will end up forking over thousands and doing all you dough.
Avoid.

... and ...

I wouldn't go anywhere near Jackson Capital or its associated company Alpha broking.

Handing custody of your trading account over to a bunch of self proclaimed experts and giving them total control over the trading when a good chunk of their fees are trade based is like giving your child the cookie jar and telling them to only take one.

I'm sure this isn't the only conflict of interest here but it's one that jumps out at me straight away because I think it's probably the most common form of client fleecing that happens with these companies.

Also have no time for a company that asks you to hand over personal contact details simply to see more information about what they do.

If that's not enough red flags, try this:

A new member at ASF, with no introduction, jumps straight in with a "question" about (plug for?) an hitherto unknown outfit. And gets upset when the answers come out on the cautious side.

All right then, Jordan Belmont: You ask for experience. Enough old hands at this forum are experienced enough to smell a rat. If promises are hard to reconcile with their experience, if it talks, waddles, smells like a duck, there is no need for any more research and DNA mapping: Odds-on it is a duck.

But if you want to satisfy yourself, visit their office and ask Mr Jackson for hard proof.

Jackson Capital is owned by Richard Jackson, who is listed as "Sole Trader"
trading as an agent under sub-license of Alpha Equities and Futures, whose web server is in Dallas, Texas
Both their offices are in 1 Collins St Melbourne.

 

[Jordan belford]

so theyre from Texas?

PS: thanks for the internet search recycle which ive already done. anyone got ACTUAL dealings with these blokes like i asked originally

(experience only pls)

 

[stockGURU]

^^Thanks stockGURU. but that doesnt seem to give me much

I don't see a Financial Services Guide (FSG) on their website. Nor do I see a Product Disclosure Statement (PDS). Nor do I see any audited results.

Who are the people running the company? Why is there no information about them on their website?

I don't understand why anyone would hand over their hard earned money to a company that makes promises of, and claims to have generated "double digit returns" but offers no concrete evidence of those claims. They say they will "trade your account with our trading strategies" which would require them to be licensed to provide Managed Discretionary Account services. You should do your due diligence and familiarise yourself with ASIC's policy on operators who provide MDA services to retail clients: http://download.asic.gov.au/media/1240991/rg179.pdf

 

[Porper]

so theyre from Texas?

PS: thanks for the internet search recycle which ive already done. anyone got ACTUAL dealings with these blokes like i asked originally

(experience only pls)

When will you spammers learn? When you try and plug your business on a forum (my perception) and get very negative critique it actually harms your business.

 

[Timothy R]

I opened an account a littlle over a year ago. never tried algorithmic investing before. ive made some money but not sure if i will go all in with these guys yet. the bloke running it is an electrical engineer so seems in good hands.

I will let you know in the coming months...

thought i would update


also have fund with these guys



both alright.

 

[Jackson Capital]

Thinking about opening an account with jackson capital. Anyone heard of these guys?

For anyone considering our service I would encourage you to call us and we will discuss your individual requirements. Here we can ascertain if this product is suitable for you. All information is on the website. www.jacksoncapital.com.au

Jackson Capital is a Pty Ltd company ACN: 165 682 842 and is a Corporate Authorized Representative (CAR No. 446944) of Alpha Equities & Futures Ltd (ACN: 161 284 500) which holds an Australian Financial Services Licence (AFSL no. 327075). We run a MDA service and which is ASIC regulated. FSG can be obtained from our website and the PDS can be obtained from the executing broker. As an MDA provider we do not require a PDS, however information on the strategy can be downloaded from our website.

Please understand we offer high return products which use derivatives. This mean you can expect high return at greater risk and is therefore not for everyone. To see verified and audited results from your master account or clients please contact us so we can assist you.

Please remember, do not trade with money you cannot afford to lose, however, if you are willing to take accept risk for a higher return then this may suit you. Many clients use this product to diversify with a small initial outlay. We recommend a deposit no more than 5% of your portfolio.

We work very hard at what we do and we take it seriously.

Jackson Capital

 

[skyQuake]

1) Are those results simulated or real?
2) Who/why FX blue rather than say Morningstar

 

[minwa]

Jackson Capital is a Pty Ltd company ACN: 165 682 842 and is a Corporate Authorized Representative (CAR No. 446944) of Alpha Equities & Futures Ltd (ACN: 161 284 500) which holds an Australian Financial Services Licence (AFSL no. 327075).

Infinite Prosperity Pty Ltd ABN 45 513 715 581
PO Box 2478
Graceville East
QLD 4075
Australia

Infinite Prosperity Pty Ltd (“INFINITE PROSPERITY”) is a Corporate Authorised Representative (ASIC
Registration No. 424635) of Alpha Equities & Futures Limited, which holds Australian Financial Services Licence
No. 327075.

Just a concern regarding Alpha, they are also involved with Infinite Prosperity..which is a super car flashing advertisement company. If you type infinite propsperity in google the first auto suggest word:



Not directly related to Jackson but raises some red flags on the same corporate authorizer.

 

[Jackson Capital]

For anyone considering our service I would encourage you to call us and we will discuss your individual requirements. Here we can ascertain if this product is suitable for you. All information is on the website. www.jacksoncapital.asia

Jackson Capital is a Pty Ltd company ACN: 165 682 842 and is a Corporate Authorized Representative (CAR No. 446944) of Alpha Equities & Futures Ltd (ACN: 161 284 500) which holds an Australian Financial Services Licence (AFSL no. 327075). We run a MDA service and which is ASIC regulated. FSG can be obtained from our website and the PDS can be obtained from the executing broker. As an MDA provider we do not require a PDS, however information on the strategy can be downloaded from our website.

Please understand we offer high return products which use derivatives. This mean you can expect high return at greater risk and is therefore not for everyone. To see verified and audited results from your master account or clients please contact us so we can assist you.

Please remember, do not trade with money you cannot afford to lose, however, if you are willing to take accept risk for a higher return then this may suit you. Many clients use this product to diversify with a small initial outlay. We recommend a deposit no more than 5% of your portfolio.

We work very hard at what we do and we take it seriously.

Jackson Capital

Please note Jackson Capital has moved domain extension to www.jacksoncapital.asia

 

[mjim]

-Are those results simulated or real? and audited? and do you provide the audited results BEFORE a person joins
-which broker you use in which jurisdiction? IS the broker Market Maker or true ECN? How is our capital protected n case of broker failure ( since this is an OTC product)
- Is leverage used?
- Is this for retail investors or sophisticated investors as per ASIC rules