Virtnext Trading Application
Want to learn how to create and execute a million dollar trading fraud? Here you go. The Virtnext Trading Application is a automated trading system that operates within the Binary Options arena. I was able to confirm that this scam has done over one million dollars in sales. Amazing marketing that appeals to the most desperate and vulnerable. A complete bullshit operation. Owner is threatening me with all sorts of lawsuits and legal mumbo jumbo. The guy is a complete and total fraud. The worst of the worst.
User Review( votes)
Thanks for reading today’s review of Virtnext
What is Virtnext? The Virtnext Application is an automated trading system that specifically trades binary options in the stock market. Before I get into the meat and potatoes of this review, I think that it is important to note a couple of different variables. The first is that I have now received 19 emails about this company. The tone and tenor of the emails are all the same, the complaints are remarkably congruent. In a nutshell, all of the complainants describe making trading deposits ranging from as low as $250 to as much as $30,000. Everyone claims to have lost money. Some have lost all of their money, while others have lost less. However, all are losers to various degrees. I confronted the owner of the company with my research and a compiled list of verified complainants.
The owner of the company did not take my accusations very well. In fact, after several weeks of going back and forth and attempting to verify the legitimacy of his magic trading software, he has now hired an attorney and is threatening a lawsuit. Apparently, he feels that the publishing of my research and my accompanied opinion is going to harm his business. His lawyer sent me a scathing 11 page cease and desist letter. In his letter he is threatening a federal lawsuit and has promised that any negative information whatsoever would constitute a claim of defamation of character. Though I cannot say too much about any pending litigation, I can tell you that I will not be cowered or intimidated by any trading vendor, or his ambulance chasing lawyer. In fact, I welcome his lawsuit and see any pending litigation as the perfect opportunity to bring more attention to this shit filled industry where anyone can make wild and outrageous claims of trading success and seemingly never feel the sting of financial regulators. With this in mind, lets jump into the evidence. The first is this 10 minute marketing video, that makes some remarkable claims of amazing trading success. One page one of the Virtnext.Co website, the company boldly proclaims, “Watch the short video below to start making $18,000 EVERY WEEK from home“.
Ok, so if you watched this ridiculous video, then you are probably laughing pretty hard at this bozo. But it gets better. Once you sign up to Learn More, you then are emailed the following short video. This one is even more ridiculous.
More amazing bullshitery. Just fund your account today and start making $18,000 each week with absolutely zero risk and guaranteed profit! And remember, the more you invest, the more guaranteed profits that you will earn. Has anyone ever witnessed a bigger scam in your entire life? How can this guy even make such outrageous claims? And threaten to sue me? Laughable. OK Dipshit, please sue me!
In addition to creating this nonsense video, the company owner has also created these wonderful visuals of supposed websites that have published glowing reviews of his amazing magic trading software. Have a look. What he has done is take snapshots of these reputable websites, and then created fake headlines. None of these articles were ever published on Bloomberg, Fortune, CNN Money, etc. Pure fraud and complete nonsense.
More promises of riches
Whatever you do, don’t allow yourself to become part of this ass clown’s email list. Every morning, I receive an amazing update on how he turned yet another person into a overnight trading sensation. Complete with photos of expensive sports cars and exotic locations.
To make matters worse, when I registered for the “free software”, I also included my real cell phone number. At 3:30 AM CST, I received the first of several telephone calls from a boiler room salesman that offered me some amazing advise on how to increase my returns.
Harassing telephone calls from boiler rooms is not enough for this ass clown organization. He also sends me text messages to potential victims proclaiming how much the users of his amazing software are making on a daily basis. All “100% verified with real money accounts”. Amazing stuff folks.
The size and scope of this scam
Many of you reading this are probably just laughing at this ridiculous ass clown story. Generally speaking, most people would never fall for such a blatantly ridiculous fraud. And this guy actually went through all the trouble of finding and paying an ambulance chaser to draft a cease and desist letter. Maybe this fraud is bigger than I had imagined? It turns out that this fraud is indeed large.
More sleuthing and digging revealed that the Virtnext trading program has an affiliate program. I followed this lead and discovered that the affiliate program is managed by a company named ClickSure.com. What is ClickSure.com? Basically, someone like Virtnext brings his magic day trading software to ClickSure and then ClickSure distributes the affiliate opportunity to an army of professional online marketers. How much traction and audience did ClickSure bring to Virtnext? Plenty. A simply YouTube search of the keyword, “Virtnext” revealed over 3000 videos of people that have supposedly earned big bucks with this magic trading software. Some of these videos are just plain outrageous, “real” stories of people earning $10,000 everyday with absolutely no risk and only a little investment.
Next, I signed up for the affiliate program at ClickSure.com and then dug into the marketing statistics for the Virtnext affiliate program. Apparently for every referral, the Virtnext company is willing to pay $250 for each new customer that is signed up. How many people have signed up the Virtnext magic trading software? ClickSure has the Virtnext trading program listed as one its top sellers. Hope you are sitting down…ClickSure has sold over 4000 units. This means that Virtnext has paid out over $1,000,000 in affiliate commissions.
If Virtnext has paid out over $1,000,000 in affiliate commissions, then just imagine how much the ass clown owner of the company is earning. Its not wonder why he can afford a fancy New York City law firm (ambulance chasers) to come after me. I hope this ass clown actually does sue me. What a publicity jackpot this would be.
How the fraud really works
Some of you might be curious how this fraud is executed. Let me explain. Virtnext is selling an automated trading program that churns trades through various binary options brokers. Many readers might be unfamiliar with binary options. In a nutshell, a binary option is simply a wager on a security in which the counter party to the trade is the options broker. This is much different than trading through the Chicago Mercantile Exchange or the New York Stock Exchange. When you trade with the regulated exchanges, then these trades have a counter party with an actual person or company that is not affiliated with the exchange. For instance, when you trade an Emini contract to go long, then this trade is matched with a person that is going short. The price moves due to the auction market.
Binary options are different. The house is the counter party. In other words, when you go long the house is going short. In effect, the house is acting as a casino. The house has pre-programmed statistical advantage built into every single binary option. It does not matter how many trades the house takes, they are guaranteed a profit because each trade has a built in statistical advantage. So when you are trading binary options, you need to realize that you are nothing more than a person visiting a casino. My friends, this might be hard for some of you to read, but the casino always wins. Las Vegas was not built upon the back of winners.
The Virtnext program, in reality is more of an automated slot machine. The slot machine is going to earn a percentage based upon the net trading volume, no matter what. However, if you have 50 people that are simultaneously pulling the handles of the Virtnext slot machines, then the odds are built in such a way that a few are going to be big winners. These few are used as the marketing fodder that lure in the next group of suckers. So when the lawyers of Virtnext counter my claim that its a fraud, they in effect are absolutely correct. However, what Virtnext does not disclose is that the vast majority are guaranteed losers, simply because of how the slot machine is rigged to favor the house. Regardless of how much any person wins, at any time, if they stay long enough and play the Virtnext slot machine long enough…then they are a guaranteed loser.
I could write another 3000 words on what a shit show this company is. However, I will leave this review with a point of contention that I had with the Virtnext lawyer/ambulance chaser. Specifically, Virtnext is claiming that they manage money for some large and well know companies such as Dell, IBM, Shell, and Toyota. Have a look at this image clip that I took from the Virtnext website…
As I told the lawyer, this is complete hogwash and outright fraud for financial gain. Of course, he told me that I needed proof that these companies were not affiliated with Virtnext. And if I published this as a fraud, then this constitutes defamation per se. OK, Mr. Ambulance Chaser, I call your bluff. Sue me!
Wrapping Things Up
Virtnext is obviously a complete and total fraud. This is a criminal enterprise. This is what happens when the regulatory bodies in charge of oversight are so slow to move on these frauds. They can scam people out of millions of dollars before the regulators ever catch wind of the scam. The regulatory body that would have jurisdiction in this particular matter would be the CFTC, and of course, I have already filed the complaint and forwarded all of the evidence. In the meantime, hopefully this shit bag that owns this company will keep his promise and sue me.
Thanks for reading today’s review. Sorry it is yet another scammer. Wish I had more legit trading products to write about….unfortunately they are are hard to spot as Bigfoot.
I was thinking about the bull struggling so much in the 12tradepro pic, thinking it couldn’t get the dump out and died from it. Then I retook a look at virtnext where the infraction sign is the forerunner. It didn’t really click in my head the first time, when Emmett’s review said to make sure one is sitting down before hearing 4000 clicks on clickbank. So assuming Virtnext are swindling a decent fraction of that number for $250 to $30k each, no wonder they can pay up to $250 per click. Virtnext is like the bull that is going to collapse when it can’t get it’s dump out. The smelly fraud is so big eventually the FBI will take action and raid, and hopefully this story gets out on American Greed. There are many episdoes on AG like virtnext with these kinds of scammy sales videos. Reading the BBB complaints about OTA was terrible. An unemployed mother of two said she had to sell her home due to signed contracts of payments to OTA. Then a 67 year old guy who lost tens of thousands as well as paying OTA almost as much wish he had never heard of OTA.
I need to mention I had another lol at the no-bull-popping “roadsign”. That and the clueless8 “meh”-kitten are my favorites among other good funny review icons. So I happened to see another review of “virtnext” on a review site! http://t-rexmusclefacts.com/category/uncategorized/page/10/
It just has a few trading related site reviews as it seems to review more supplements, but it also unabashedly calls out the scams. Have fun reading y’all.
Only in america can an asshole like emmit write shit about legit companies to boost his adsense acount. emmit is the real ass clown (wink wink) reminds you of back in the day when you was in the pokey…huh emit?
Binary options companies are nothing more than bucket shops. You lose they win. It’s as simple as that.
Any affiliate or introducing partner to a binary option company is offered a substantial share of the client losses. There is no commission or counter hedging.
So if i am an affiliate and bring say $100,0000 in client deposits to them they will pay me $50,000 of this WHEN the clients lose. Techniques used to ensure they lose include price manipulation and delays and not expiring the option on time.
The affiliates targeted by the binary options companies to promote their scam are marketing companies that can spin a good story about a magic trading systems with guaranteed returns.
The human emotion of GREED and easy money hooks in these people. Most of them won’t be able to afford their rent that month when lose their money.
So, if i’m a big affiliate I can then offer other affiliates say $250 per client on the basis the client deposits say a minimum of $1,000 initial deposit. The client obviously losses all of the money. I get $500, out of this I pay my sub affiliate $250 and the binary option company make $500.
I then get my sales team to continually contact the client to deposit more. On all future deposits I will get 50% off the client losses.
Binary options are the mother of all SCAMS in this fucked up greed filled industry.
Also of note, many well known forex brokers are also offering these types of deals to affiliates.
“In order for evil to flourish, all that is required is for good men to do nothing.” From Edward Burke.
Thank you for making a difference.
Please review a site called option millionaires Twitter handle is @omillionaires
Site is http://www.optionmillionaires.com/
Thanks I cannot put into words how helpful ur site it!
U are doing a wonderful job and keeping it honest.
Nice work Emmitt.
OMG Between the chris hansen ‘to catch a predator’ look-alike presenter to the ass clown graphic this is destined to become my favorite review right behind the trade for Jesus group. LOL
This was new education about vendor scams to me. It’s hard to imagine anyone could believe the first few sentences of the first video. There are plenty of past vendor and forex scams that had fake review sites created and devoted to promoting pretending to be a legit reviewer, but it was surprising to hear about how much virtnext was making in collaboration with ClickSure. In the past it was forex, then option spreads, now it’s binary options of which I knew little about but had thankfully stayed away from; thanks for the info Angela. I feel about ready to give up. The markets are saturated, efficient, and only the HFT firms and insiders are making it while the volume is screwed up. And the rest is the scam industry. Thanks for standing up to this scam Emmett; you’ve become the champion of the previous voiceless victims of this whole industry. It’s come a long way from the wooden “bug” stomper. I couldn’t believe they are getting away with making up fake articles with logos of major news brands. Well not any longer.
I cannot believe I watched that beyond ridiculous video. I really need to get a life. Oh Man, really a once in a lifetime opportunity to invest in a computer program that has only lost money once in 1478 trading session. I could not stop laughing. I can see the fake poster posting how this is the real deal.
This BS is worse than Amy buying her Lamborghini from all the profits she is making.
All I can say is at least you know how Ted Cruz feels when Trump keeps threatening to sue him.
What I do not understand is how are they allowed to make such outrageous claim and the regulators do nothing?? It is unbelievable.
It is obvious it would be easier to find a needle in a acre of haystacks than find that truly honest profitable trading room operator. I fear I will see a final post from you saying, “I GIVE UP THIS WHOLE INDUSTRY IS NOTHING BUT LOW LIFE LYING SCUMS”.
P.S. Yogikeung is not going to be happy with this review. LOL.
P.S.S. Keep up the good work and find that diamond in the rough.
You are right Rob,…just another “boring” review, LOL
Hey Emmett, at the rate you going with these reviews, you might need to change the scale of your rating band,…add 5 stars to the left, with 4 being best and -4 being worst. So, for this review Virtnext would receive a “zero”!, and rightly deserved.
You might also consider leaving 10 extra blanks for the left scale, as I have a feeling more negative reviews forth coming 🙁
Binary options are legitimate securities, however most “service providers” are not. In fact the top search engine results are dominated by seasoned marketers who are good at search engine optimization (SEO), operating not only multiple “services”, affiliate reviews, and even a big “binary options watchdog” site.
There is only one binary options broker that is regulated by the US CFTC. The rest have very active affiliate programs with generous payouts to affiliate marketers. As do all of the “signals providers”.
The problem with lowered barriers to entry for trading securities is that it brings the snake-oil salesmen out from their miracle-weight-loss and miracle-anti-aging-potion rocks. They know how to manipulate desperate people, and that’s exactly what they’re doing here.
BTW, some of your pictures make me laugh out loud. Like that little “meh” kitten on clueless8, or the clowns above. Superfluous, yes, but appreciated none the less.
Exactly! I think those review icons would make a great mural or display on Las Vegas Blvd for bypassers. especially when they have one of those “moneyshow” “traders intl” like tradeucation conventions, lol.
Thanks for the comment. Truthfully, when i watched the video and the marketing material, my initial impression was how could anyone fall for such a blatant fraud? And then a trickle of emails started arriving, people mainly losing $1,000 etc. Not huge amounts, at least to me. But then the more I thought about it, perhaps this story is bigger than I estimated. Perhaps there are more victims than anticipated? And so when I started digging and I discovered the marketing regime, and the size and scale…I was amazed. This little fraud has done way over $1,000,000 in sales. I simply could not believe that so many people could possibly fall for this. The story, as ridiculous as it is, needed to be told.
In speaking with the victims, these are mostly very unsophisticated people, working class people. Wage earners. People desperate for the break from the cycle of paycheck to paycheck. This scam appeals to them perfectly.
When the New York law firm came after me aggressively, I knew I had hooked a big fish. Certainly was not expecting that. However, it would be great for them to sue me. They can gain nothing from me financially, as I already have a $200 million dollar judgement from my prior scammer life. And so, the best they can hope is somehow get me to pull the review and claim a pyrric victory.
At the end of the day, my message and the story cannot be contained. The truth is out. At least my version of it.
The problem with the $1,000,000+ in earnings is the ridiculous high paying $250 CPA offer this company and other auto trading scams like this are offering (intuition, you’re about to puke at Centument Ltd) which I found pictures of their testimonials in bigstockphoto/fotolia and other royalty free licensed websits posting fake testimonials. CNN Money and all those sites, you won’t find anything.
The WORST problem is REALLY the affiliate network (ClickSure). These company should be the first one to be sued. Regular joe’s and highly skilled Indian SEOs ranked their binary review crappola at the top of Google for “VirtNext review” and those affiliate sites are getting fat commissions checks ($250 per signup) for every gullible ignorant that uploads $250 to every pain in the ___ broker(say “Titan Trader”) and every other broker that has the “boiler room”, hustler 80s style aggressive calling once you input for fun your number in their sales funnel.
I almost ended up uploading $250usd, thanks to the “boiler room” style approach of the broker plus my intuition of way to good to be true, I ended holding for the obvious “forum virtnex” and “virtnext + scam” in Google and after those pages you see the truth. People are losing ton of money each day and it’s companies like this that put a bad image to the industry. You should really get some contextual links and some high pr blog post to get this review in the top 3 results of Google for “Virtnext Review” Emmet, it’s downright disgusting seeing how a person can do a video like this and then you do a little research and boom:
In regards to the lawsuit, ripoffreport has NEVER lost a lawsuit. NEVER! In your case since you’re earning from Adsense Emmet, he could obviously play, but the OUTRAGEOUS claims in the video and the massive proof of lost in accounts will make this a fiesta for any district attorney soon. I’m actually very pissed even if I never lost $1, but just look at all those affiliate site comments, the ones at the top keep recommending Virtnext all the way.
Next company you’ll lose it is “Centument LTD”, just watch the video. You are actually doing entertaining reviews, but this shit really makes me mad. Should make anyone with some decency really mad as well. It’s just plain ridiculous.
Great that you did this review, one real HONEST review that’ll probably make it at the top of Google for “Virtnext review” and answer “is Virtnext a scam?” and so and so targeted keyword!
Noticed you are a freelance blog writer. Want to give this a try?
Very thoughtful of you Emmett. Managing a team from Davao and Laguna, PH right now. For now, know that I really enjoy your blog and I really appreciate you taking the time on doing this line of work. I’m sure it’ll pay off big time in the next 12 months with the continued momentum you’re having.
p.s – You forgot to mention Virtnext owners name Emmett! Apparently, it’s a billionaire from Europe haha :))))
All these labels of fraud is pretty rich coming from you Emmett.
How’s that securities fraud going?