Australian Market Trading Professionals , or AMTP
update 30/4/2015 now Passive Income Creations , passiveincomecreations.com
Thankfully a reader tipped us off to this business that calls people who have applied for ‘Work at Home’ opportunities. The information on their website looks eerily similar to The ATP and The Association of Trading Professionals and in some cases is identical.
They appear to be selling Trading Signals services, and I’m guessing that they are for Binary Options. The results page on the website leaves much to be desired and is well out of date. They are charging around $10,000 for a 5 year licence. Then you’d have to supply your bank on top of that. Also, they expect you to sign up with a broker of Their choice ( presumably so they can collect commissions).
Their address doesn’t look valid, given as 201 George St , Brisbane, and it’s also different to the address registered with ASIC. (update: I checked the address in person and there is no 201 George St ) To top it off, the website says that Peter Phillips is the Director, when it is in fact Peter Phillip Lucas. Talk about deceitful conduct !The Terms of the contracts and Guarantee are appallingly flimsy pieces of legal documentation and there is plenty of room for them to wiggle out of any implied responsibilities.
I would steer well clear !
If you’ve had any experience with Australian Market Trading Professionals please get in touch or leave a comment.
Update 1/5/2015 So now they have reappeared as Passive Income Creations. passiveincomecreations.com
They also list 217 George St Brisbane as their address, same as Passive Ebay Income and look, their ‘trading consultant’ is Mark Davis, same as the Mark davis with Passive Ebay Income
except that the real guy is Mark Peter Davis:
ABN for Passive Income Creations was registered in March this year.