Tag Archives: cm traders

Welcome

Welcome to Aussie Scam Alert.

Here we try to expose scams operating mainly in Australia, but also some overseas ones targeting Australians. Not every business reviewed here is a scam. Some will be fine but are so closely associated with areas of mistrust that we feel it is in the public interest to review them. Please read our Watchlist if you can’t find what you are looking for on any of the other pages. The one you are looking for may be on our radar as one to watch out for. We can always do with information about any of the scams covered here, and also any ones that we have not heard about. Please help keep others safe.

All views expressed are opinion, presented in the general interest of the public. You should always do your own investigation and consideration of all facts and testimonials. If you would like to know about Why we operate, please read our About page.

We’ll leave you with wise words from ‘The Richest Man in Babylon’ . Take note of No.5 !

The Five Laws of Gold

1.Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.

4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

5. Gold flees the man who would force it to impossible earning or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

CM Traders

WARNING…read the comments here before even remotely thinking of joining this company. Do not believe what they tell you. You will do your dough.

Alert !  CommOptions , commoptions.com recently discovered. Looks like CM Traders all over again. Fair chance it’s the same people. Website menu the same, same broker, same packages even!  Be Warned, stay clear! (15/07/2014 confirmed: CM Traders and CommOptions owned by the same person, serial scammer: Sarcha Goulding )

I’ve been meaning for a while to write something about the spate of binary option schemes out there. I recently went through the sales pitch from CM Traders, so this seems like a good place to start looking at binaries.

cmtraders.com.au.  , Woodybank Pty Ltd trading as CM Traders

CM Traders. They sell a package for investing in forex, commodity and index markets via binary trading. For those that don’t know, binary trading is a relatively new way to trade the markets, where you ‘bet’, effectively, on whether the price will finish higher or lower after the chosen time interval. So it doesn’t matter if you are successful or unsuccessful by one pip or a thousand pips,  the bet pays a fixed amount.  That fixed return is generally about 90% of your investment.

CM Traders spruik enticing returns of over 50 times your investment capital after just one year, and that is trading conservatively! ( and at their worst rate of return they reckon). That is based on winning 55% of the 2000 trades you get on the CM 2000 package and trying to win just 0.35% of your trading bank each time you have a successful trade. $1000 becomes $57,000!!

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