Tradebridge360 Pty Ltd

[sails]

Re: Tradebridge360

You're dreaming Man,

By the time you cross the spread (twice) minus brokerage and fees you'll be lucky to pull a profit over a couple a days worth of theta.

Only just stumbled on this thread...

Agree Cutz, and don't these people know that the price of options are usually wound down by Friday afternoon to remove weekend theta?

Or perhaps they do know but is used as a marketing tool?

 

[miraclemuz]

Got another called today from these guys even after sending them an email saying I wasn't interested.

Obviously they don't talk to each other much, oh well now I have a copy of their latest promo video.

 

[The Claw]

I am prepared to accept that the Iron Condor has been a profitable method over the last 18 months. However what is the chance it will do well over the next 18 months?
Is it likely to cover the $5000 fee and then make some money for me?

 

[Lex Luther]

Tradebridge360

Has anyone heard of Tradebridge360 and how effective they are as a trading company. They offer to "manage" your trading. I have put money in and so far the returns have been dismal. Am interested to know of others experiences.

 

[Lex Luther]

my experience is not a happy one being down 42% on investment

HI Banco,

Just to clarify for you and the other forum members to dispel any misunderstanding.

The admin office is on the Gold Coast to keep operational costs low, the compliance and corporate office is in Sydney and we have many partners, professional traders and affiliated associates in Australia and all over the world to ensure the highest standards of service are offered to our clients around the clock.

Many successful businesses operate from Qld and the Gold Coast.

Best Regards

Moderator
Tradebridge360

- - - Updated - - -

I am prepared to accept that the Iron Condor has been a profitable method over the last 18 months. However what is the chance it will do well over the next 18 months?
Is it likely to cover the $5000 fee and then make some money for me?

The condor is a large vulture like creature am not sure will work

 

[vonZiegler]

Re: Tradebridge360

Has anyone heard of Tradebridge360 and how effective they are as a trading company. They offer to "manage" your trading. I have put money in and so far the returns have been dismal. Am interested to know of others experiences.

I have been a customer of their automatic option trading program, for a year and a bit now.

Before I signed up, I asked for substantiated trading records (which they had for about 18 months at the time, I think). Looked good, so I put them off for two months, and then asked for new records, to see whether the previous track record was a fluke or whether it appeared to have some predictive power. The results had continued, so I invested some money with them.

Overall, I am well down on my starting capital. The losses have resulted from only three trades of the dozens they have done for me, but those three failed spectacularly.

The Iron Condor strategy does seem to "work" in the sense that it has been generating a steady stream of small wins. But, when it fails, it fails spectacularly, and can take a much bigger chunk out of your account than you would have expected. I have talked about this with TradeBridge. The issue (apparently) is that when volatility spikes, their stop orders can be filled with big slippage, and apparently there have been cases where stop orders were simply not filled, resulting in legs of trades having to be unwound manually, "at market".

Now, I am not a professional trader of options, but have done real-time FX daytrading, and I can see how this might happen. Maybe it is possible to have guaranteed stops in options, maybe it's not, and maybe it's possible but not efficient. Don't know.

On the plus side, I have seen TradeBridge respond to these events, in ways that I find credible. Whether their response ultimately will bring me back to a profit situation, only time will tell.

Overall, my impression of TradeBridge is that of a small investment manager, with decent trading ability, and some good ideas, but some shortcomings in their ability to control the risk of each trade. Yes, they are interested in getting your money. No, they are not a scam. Yes, they do trade actively and they do consider their strategies. No, they have not been a profitable investment for me to date.

 

[sue floyd]

I went with this group after doing research and couldn't find anything bad on them. But if you want to keep your money, avoid them with a ten foot pole. All the account does is go south. I could have done better at home but thought i would let the so called experts do it for me, and they proved to be big time losers. So my advice, steer clear of anything with Tradebridge 360. They're cowboys

Anyone heard of them? They supposedly operate out of Bundall Qld

 

[sue floyd]

Re: Tradebridge360

Same as me. I couldn't wait any longer, as the account just never ever seemed to recover after their losses. I took my money before they lost the lot

I have been a customer of their automatic option trading program, for a year and a bit now.

Before I signed up, I asked for substantiated trading records (which they had for about 18 months at the time, I think). Looked good, so I put them off for two months, and then asked for new records, to see whether the previous track record was a fluke or whether it appeared to have some predictive power. The results had continued, so I invested some money with them.

Overall, I am well down on my starting capital. The losses have resulted from only three trades of the dozens they have done for me, but those three failed spectacularly.

The Iron Condor strategy does seem to "work" in the sense that it has been generating a steady stream of small wins. But, when it fails, it fails spectacularly, and can take a much bigger chunk out of your account than you would have expected. I have talked about this with TradeBridge. The issue (apparently) is that when volatility spikes, their stop orders can be filled with big slippage, and apparently there have been cases where stop orders were simply not filled, resulting in legs of trades having to be unwound manually, "at market".

Now, I am not a professional trader of options, but have done real-time FX daytrading, and I can see how this might happen. Maybe it is possible to have guaranteed stops in options, maybe it's not, and maybe it's possible but not efficient. Don't know.

On the plus side, I have seen TradeBridge respond to these events, in ways that I find credible. Whether their response ultimately will bring me back to a profit situation, only time will tell.

Overall, my impression of TradeBridge is that of a small investment manager, with decent trading ability, and some good ideas, but some shortcomings in their ability to control the risk of each trade. Yes, they are interested in getting your money. No, they are not a scam. Yes, they do trade actively and they do consider their strategies. No, they have not been a profitable investment for me to date.

 

[garybowen]

Anyone heard of them? They supposedly operate out of Bundall Qld

Hi community,

DO NOT INVEST WITH THIS COMPANY NOR SETUP A SELF MANAGED SUPER FUND WITH THEM AS YOU'LL LOSE ALL OF YOUR PRECIOUS DOLLARS!!!

I used to work at Tradebridge360. These guys are as corrupt as you can ever get!! They are a complete out and out scam as I know this from over 20 people that invested with the company and have lost thousands of dollars!

They will try and convince you to buy trading platforms and send you convincing emails that it is all legitimate, but the fact is none of their 500+ past clients never ever made a cent from them.

The owner/director told us all that his name was Dominic Byron, when in fact it is really Dominic Luvara and he is a crook. Simply Google his name and you'll get a plethora of info on the money he owes through corruption and he is still banned for years from directing an investment company. His right hand man is Adrian Coronno who is also a crook and used to work for the highly corrupt 21st Century Investment Group scams.

DO NOT INVEST WITH THIS COMPANY NOR SETUP A SELF MANAGED SUPER FUND WITH THEM AS YOU'LL LOSE ALL OF YOUR PRECIOUS DOLLARS!!!

 

[tinhat]

From Marcus Padley's article 'A fool and his super funds are easily parted', SMH May 7, 2013.

■ Attend a free two-hour seminar and learn how to put your money into someone else's bank account and gamble with it.

Read more: http://www.smh.com.au/money/super-a...r-funds-are-easily-parted-20140506-37sye.html

 

[keentrader]

Well Folks, Unfortunately I was a sucker of this program as well. My common sense went out the window when signing up for this one and i payed the price... Big losses to my super from these ratbags.

Not usually a forum poster, but people need to be warned about this program, you can do your doe pretty quick, especially the 8K or so you pay before the losing starts. keep your money and run people!

 

[The Claw]

It looks like the final chapter on Tradebridge 360 has closed.
The market has spoken and Tradebridge 360's iron condor don't fly. The company has been wound up.

NOTICE OF DEEMED SPECIAL RESOLUTION TO WIND UP A COMPANY
Company: Tradebridge 360 Pty Ltd
https://insolvencynotices.asic.gov....48222431/76427ec7-24de-4627-990e-2fecaf62e34a

NOTICE OF SECOND MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION
Company: Tradebridge 360 Pty Ltd
https://insolvencynotices.asic.gov....48222431/8adae755-9608-4e80-8926-92dc23ffdad4

No more pushy telemarketing calls. No more ordinary punters losing money to this scam. Good riddance Tradebridge 360.