Tag Archives: topazair

Income Connect

Income Connect Australia , incomeconnectaustralia.com

this is the latest morph of TPZ International who have mainly been running Binary Options scams, and one or two horse racing ones.

Website domain name just registered in August. Business name just registered in March and not registered for GST. Their trading platform website in2markets.com was only established in August as well. No contact details on the website apart from email. They are supposedly based in Costa Rica.

They are trying to sell trading packages starting at $5,900. Like most of their other schemes, I doubt this one would work either. They reportedly do not honour the 10 day cooling off period too.

Previosly they have been:

TPZ International, ITZ , ITZA, ITZ Australia , ITZA Online, Topazair,  St George Ltd, Laybets, Tote Master (that we now of!)

TPZ International

TPZ International , TPZinternational.com.au

Update 2/6/2014 Now they appear to have set-up as:

ITZ International , itzaustralia.com , ITZ Australia

update 24/6/14

now morphed into ITZA , ITZonline, ITZonline.com

(same text, same address, same phone number as ITZ )
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 )

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