Consumer reviews and reports on scam companies, bad products and services
Tradethink
RIPOFF! www.tradethink.com NOT AS ADVERTISED
7th of Jun, 2012 by petuhovst
I started auto trading commodities in November 2010 with a system called http://www.tradethink.com. I bought a license the first year for $17, 000USD and within 3 months my broker at MF Global got so sick with heart disease he had to take an early retirement. MF Global then just closed down the whole commodity auto trading desk with an email telling me I was on my own. That was the first RED flag warning that auto trading commodities with http://www.tradethink.com or any other broker doesn't work. I needed to hire a new broker or learn how to trade my portfolio on my own. I called Jason Morse and asked him for a referral to a broker that would know how to trade his tradethink system. He referred me to www.efloortrade and within 9 months http://www.efloortrade... had blown my account up and lost 50% of the value i started with. That post of my experience with http://www.efloortrade... can be found by just doing a search for http://www.efloortrade... This post is about Jason Morse at http://www.tradethink.com. Jason Morse charged me $14, 000USD and the subscription started on January 1st 2012. He charged me $3, 500USD less then it cost that first year mainly because the system had performed so badly during that first year.

My broker Chris Moore at http://www.efloortrade... called in the afternoon of march 22nd or 23rd 2012. to just say hello, "long time no talk to" he said, as if he was calling just to shoot the breeze. Then he said "I'm worried about your positions right now and think the tradethink system is doing poorly". Then he adds, "http://www.Tradethink.com is not setting their stops correctly". "I (Chris Moore) think we at http://www.efloortrade...) should stop trading and close all your positions, and go to cash, then start to take new signals from scratch or new". Wondering what went wrong I hung up with Chris Moore at http://www.efloortrade... and I looked at my last two weeks of statements and noticed. (from February 23 2012 back to the first of February 2012) http://www.Efloortrade... had charged me $6, 740.00 in commissions for ten trading days. I called my broker Chris Moore back at http://www.efloortrade... within seconds of his first call to me, and wanted to know what John Moore and Chris Moore of http://www.efloortrade... were doing. Chris Moore said "I tried to call you". I said, First, I don't believe you and i know you are lying! And second, i want to know what the F$&@ are all these trades with no correlation to tradethink signals or the letter of direction? That is when he finally said "You have been on margin since January 2012, I tried to call you". It's now the second half of March and Chris Moore at http://www.efloortrade... is just now getting around to calling me?

A month earlier i had just paid Jason Morse at http://www.tradethink.com $14, 000.00 for the license to trade http://www.tradethink.com signals for one more year or until January 2013. After what happened I told Jason Morse at www http://tradethink.com i was not trading anymore, and will never trade until this is all straightened out. "I want the unused license fee for the two accounts $14, 000.00 refunded back to me". "I've hardly used it( about a month) and I have not made any profit in the 4 weeks I've had the license or the whole time (13 months) I've auto traded with http://www.tradethink.com. That's when Jason at http://www.thinktrade.com said "Larry, I know you are right, you are getting the shaft.. "I can try to help you in almost anyway i can, but i will not refund your unused license money". Jason Morse took $14, 000.00 only weeks ago for a license i will never use.

Tradethink and the algorithm it uses does not work as advertised. The whole first year i was trying to figure out why my results with "tradethink" never came close to the advertised "tradethink" results Jason Morse was telling me good performance was only weeks away. The http://www.tradethink.com website has only posted lies or the best performance the system ever did. Tradethink left out the true complete picture. The http://www.tradethink.com system is a system which doesn't work now and i don't know if it ever worked. My broker Chris Moore at http://www.efloortrade... makes his profit from churning my accounts for commissions, while http://www.tradethink.com makes a fortune selling a worthless commodity trading system to people who don't know what the real facts are. If anyone is convinced they will make any money using any trading system including the http://www.tradethink.com system, they will also believe I have a bridge in Brooklyn i'll sell cheap. Stay away from auto trading commodities, it doesn't work and will only take a poor sucker like me down a trail of tears and heartache. If this post fails to convince anyone of the dangers and pitfalls, or of the dishonest un-ethical people who sell these bogus financial services and products just flush a few Benjamin's. You will get the same results
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