TPZ International , TPZinternational.com.au
Update 2/6/2014 Now they appear to have set-up as:
now morphed into ITZA , ITZAonline, ITZAonline.com
(same text, same address, same phone number as ITZ )
4/8/2014 They may have also set up as infotransaction.net though it doesn’t appear they are selling the same product. They claim to be at 15 Eagle St Brisbane, but there doesn’t appear to be such an address (!) Also, the name-servers for the website are the same as for itzaonline.com
Dec 2014 Now also Income Connect
This group just cold called me. Run by Topazair Pty Ltd who are also the people who run laybets.com.au which looked pretty much to be a scam. They also run St George Ltd who run a scheme similar to UK Homebusiness and Newmont Trading but with the difference that St George don’t charge the substantial upfront fees.
So anyway, TPZ International are peddling a Binary Options scheme. In the brief introductory spiel I had where I got to open a demonstration account and place a trial trade at Binary.com (the same broker that CM Traders use! ), my sales agent claimed that they have 3000 clients and last year they sent out 700 trades and only lost 4 ! Hey sounds pretty good/unbelieveable. Then after more explanation it turns out that what they do is, if there is a losing trade in the first hour, they bet again on the second hour, doubling up basically. If that loses, double up for the third hour, and if that loses double again in the fourth hour…or a slight variation where rather than doubling the first hour they only try to get back their investment. EIther way, you’re looking at a loss about 10 to 12 times what you were trying to win. But hey, it’s ok if you only lose four sequences in 700 right ( the sales person admitted it was sequences not bets)? Sure, if it were true. I’ll have to wait and see what proof they have.
But with the odds set by Binary.com as something close to 45/55, the strike rate is probably much more likely to be 350 winners out of 700. I don’t believe Anyone could be that good to win 696 out of 700 (but they’re probably twisting the facts again )
Update, Night 2: Well, we set up another trade tonight, but it lost in the first hour. So I was given instruction to set another trade, doubling my take out target ( and the sales rep would check in later with me ). Well the second hour lost too…and no sign of the sales rep. I set a trade for the third hour and that lost as well, and still no sign of the sales rep !
So I get a casual call tonight from the rep… Me: So what happened? ‘ah yeh, you’re bound to get a loss sooner or later, and ah, I closed out my trades after the second hour….I could feel that the market wasn’t going to come back’. OK, so did the other clients get informed of that decision? ‘Yep, yep, they would have got an email and sms informing them of that.’ Right, so why didn’t the expert traders recommend it..shouldn’t you follow their recommendation? ‘ Ah, yeh, but from my experience, and I did a bit of research and decided to close mine.’ But I thought the analysts are the experts. So did you tell everyone to close their sequence? ‘ No, no, they would have kept going to the third hour, it was just my decision.’
So, at my ‘demo’ staking I would have lost just short of 20% of my bank.
Can’t make it out..first of all their analysts make all the smart decisions, then he’s smarter than they are, first the other clients are told not to trade the third hour and then I’m told they were left to trade it.
What do You think??
plus a little more info here
2/6/2014 They are itzaustralia.com , registered with an ABN as International Traders Zurich from only Feb this year. In virtual offices again. Selling Binary Options trading through Binary.com.