Let's take a look.
Address is a Servcorp virtual office in the Brisbane CBD - Check
No AFSL or PDS - Check
No information about company staff or principals - Check
Company registered recently - Check (December 2014)
High risk binary options trading - Check
No audited results - Check
Cold calling - Check
I'm not sure what their various packages cost but I think it's safe to assume that you will be handing over anywhere from $X,XXX to $XX,XXX.
I dug a little further and found one of their job ads seeking professional telemarketers.
View attachment 61985
They are promising telemarketers $150K a year plus bonuses, so a good chunk of whatever money you hand over to Quantum Securities ends up in the hands of the telemarketers who sold you on their "investment packages". Notice something else? They have a virtual office in Brisbane but their ad seeking telemarketers claims the job is on the Gold Coast. Hmmmmm...
Quantum Securities are Binary.com affiliates meaning that they make money from all client trades. Here's a screenshot of the Binary.com affiliates page with more details:
View attachment 61986
In short, this is how the business model works. They charge you $X,XXX to $XX,XXX for one or more of their "trading alert" packages. They then send you trading alerts and make more money from you every time you trade, win or lose. I've seen a lot of similar companies over the years with the same business model. None of them seem to last long.
Personally, I wouldn't touch Quantum Securities with a barge pole, and based on their website content, job ads and promotional videos, wouldn't recommend them to anyone else either.
He told me that last year if I had followed their advice I could have turned 2k into 100k and if he was going to send me a cheque in the mail for 100k wouldn't I find the time to watch a 20 min video. I should have told him to send the cheque.
Thanks Joe and Modest
Price mentioned was 10k to 20k though in his opinion he couldn't understand why the boss was selling so cheap as he believed the value was 50k to 60k.
He wouldn't go into details as I hadn't watched the introductory video yet.
He told me that last year if I had followed their advice I could have turned 2k into 100k and if he was going to send me a cheque in the mail for 100k wouldn't I find the time to watch a 20 min video. I should have told him to send the cheque.
ha ! Classic material this....pure gold.
Morning all,
I would like to say that the amount a company pays it sales people is certainly not a way to judge what they do. There are many industries such as, brokers, mortgage brokers, real estate, financial advisors, office equipment sales and even holidays to which this is the norm. In fact it is more reflective of the success of the individual company than anything else.
With the advent of the internet and cheap phone rates cold calling is the most effective way to get your product or services out to a broader range of potential clients. The old fashioned way of driving out to cold call on businesses is obsolete now. Unfortunately calls from unethical people e.g. the Indians that try and tell your computer has a virus or want to swap your phone or electricity over has badly tarnished that style of marketing.
Also they do have a money back guarantee (conditions apply) and give you the opportunity to trial it before you decide to come on board. I have found it to be very profitable I was referred to them and now work for them but you need to make up your own mind. I'm not saying there are not companies that you should not deal with and I'm not saying binary trading is something that is for everybody. You need to have a good company with proven results a solid plan and stick to it to mitigate any losses.
I am not spamming or phishing or endorsing anything but as this is a forum I would think personal opinions were warranted not just the negative ones. As with anything, take everything with a grain of salt (including my post), and then make up your own mind.
Really!?...
Once again I am not endorsing anything
Quantum Securities eBook 2015 said:...*As you engage in placing ‘bets’ on the Market rather than trading securities/share, all profits generated are classed as windfall; therefore, most clients are not legally required to declare profits as income. With tax-free returns and minimal risk, this style of trading has proven to be an exciting and profitable opportunity for Australians, as well as people Worldwide...
In that case you'll like the contents of this post!With all of the dubious calls we receive these days a bit of skepticism is a good healthy thing.
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As far as I know the February figures would be the actual figures not estimations or hypothesized as you say. I didn't trade as I have been doing other things. Having a life time status makes it easier as I know I can go in and out any time.
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And as to whether it is tax free or not I'm not here to sell it or go into the intricacies of it. Simply put, I don't pay tax on my trading account, but even if I did I would recoup it through my negatively geared properties anyway. There's a million and one ways to minimize your tax, but the thing is you have to earn the money in the first place.
I received a call from the above followed by an email with a link to a video. I am not sure how he got my contact details.
Some info from the email
Markets And You are Australia's No.1 and Multi Award Winning Binary & FX trading alert provider.Marketing At Markets And You
C| Quantum Securities Group Pty Ltd on behalf of Markets and You Pty Ltd | ACN: 163 076 319 | ABN: 13 163 076 319
M| Lvl. 36, Riparian Plaza, 71 Eagle Street, Brisbane QLD 4000
Has anyone heard of them or used their services?
Thankyou
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