Prestige Capital Australia , prescap.com.au , PCA Trader
Update 02/11/16: Two men have been arrested and charged with fraud and money laundering. It is alleged that they were two of the principals behind Prestige Capital.
Police are still wishing to speak to any victims. If you’ve been affected by Prestige Capital, Prescap or PCA TRader, please get in contact with the police taskforce, Operation North Guitar at: OP.NorthGuitar@queensland.police.qld.gov.au
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A reader has alerted me to this relatively new business. ( website only set up in August )
Packages start at $9,900 and go up to $39,000. This provides you with trading signals by the sounds of it. They talk about Forex, Indices, Stocks and Commodities, but by the sounds of the brokers they use and the ‘95% profit on successful trades’, I would say it is quite likely they are trading Binary Options and possibly doubling up after losing trades.
This method has come unstuck with CM Traders, TPZ International and other similar companies.
If the selection process can not make positive returns flat betting, doubling up bets will only make your losses larger.
They are offering a free trial. If it’s not for at least a month and about 200 trades, I would say that it won’t give you a decent idea of what to expect.