Hi everyone

I just got cold mailed by mci re their product Star Trader

Does anyone know anything about it?

Regards

Drrichard

Drrichard

5800+ VAT + 12.15 p/m for end of day down lodes

2900 if buy with in 7 days + balance when you make 30K

Don't know if they are any good. Any one else have any info on this ?
Also on CFTR jeff jefic & his "Gold Bars" system any feed back any one ?

If it looks too good to be true it probably is! If they could make the promises they hold out they wouldn't be selling software / systems, they's be using it instead.

Web site: http://www.mcit.biz/

But....

From the Guardian Wednesday July 16, 2003

Is this mailshot too good to be true?

Q I have been sent a mailshot from MCI Technologies Ltd offering Star Trader software for 5,900 + VAT, half to be paid after profits of 30,000 have been made on the stock exchange. Obviously I am suspicious.
The literature says that of 10 alerts, two on average will make a 10% loss, eight on average a 15% to 25% profit. If true I need never work again!

Do you have any knowledge of the firm and its software?

JS

A I think it's safe to say that this one falls into the category of 'if it looks too good to be true, that's because it is too good to be true.'

Firstly, MCI Technologies Pty Ltd should not be confused with MCI Technologies, the French company which produces insulation and acoustic materials for the building industry, nor with McI Technologies, Inc, the US IT firm.

No, the provider of Star Trader software is a very separate entity. It was previously called Micro Corporation, or Microcorp, and has a lot of dissatisfied customers in Australia, where the software was marketed under the name Blue Chip Trader.

As I haven't personally tried out the Star Trader software, I can't say how well it works - but in a global economy where professional fund managers and share traders of many years standing and who have exhaustive resources at their command have struggled to make much profit from the stock market over the past three years, I seriously doubt whether this product can live up to its boasts.

I reckon - even given the relative instability of the financial markets - you'd get a better return on your money if you invested it.

Exotoxin,

I replied to a Micro Corporation ad in Shares some years ago, and what a mistake that was!

Basically, the brochure is very nice, loads of lovely looking ladies immaculately preened sitting at desks with headphones on smiling beautifully at the camera, but nothing of any substance to back up their claims.

I then received a phone call from a high pressure salesman, trying to sell me the software, at 4,800 + VAT, plus 2,000 + VAT once 10,000 profit had been made. (Not sure how they track your "profit")

I asked him to email me the system's daily choices for one week, but he declined, blaming FSA for not allowing "tipping". I said I wouldn't trade the picks, nor would I join unless they could prove it worked in advance. he offered back tested "tips"! Hmmm even I can do those, LOL!

It was a real battle of wits, I couldn't get him off the phone, we went round in circles. I wasted over 1 hour talking to him.

I have read since that their software comes WITHOUT parameters defined, which you yourself have to input (to avoid "tipping" charges from the FSA!) Then, if your parameters aren't sucessful, you have to ring their helpline, who may advise some "tweaks".

My honest advice is, bargepole, touch it with, a, don't........ rearranged of course!

Andy.