nobshyip

Hi Frank, thank you for taking your time to answer this interview questions. Q: Tell me more about yourself? A. I’m an Information technology Professional and have worked in the field for quite sometime after I decided to take time off and exploit other avenues. I joined MLM few years back when I discover that someone could [...]

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makila

Hey All. For those that didnt knew it yet The4xtraders is temporarily closed.
The site will be revamped and relaunched soon with new investment plans.

According to Frank, everyone who invested under the old system have been or will be refunded before the relaunch takes off.

I was looking for people here at Nobshyip who invested(or know someone) in this program and to verify whether refunds are being processed (or already finished).

I would love to believe Frank is a honest person, but as usual I am sceptical(No offense to Frank, this is just a standard precaution procedure ). I need peoples to share their opinions and experiences they had with him.

I have a difficult time finding any investor from his program. As all threads about The4xtraders in the major hyip forums are all dead for ages and I couldnt find a person either in these threads that invested)

makila

Okay here is an update.

httpwww.moneymakergroup.com/The4xtraders-Pvt-Group-t124079.html&st=30&start=30

It appears the program went bust may this year. Its unknown whether refunds are being processed. According to Frank they are on their way, but the only investor I found so far wasnt refunded yet.

Paypal froze Frank's account permanently in may. According to the PP rules, a check will be send to Frank after a hold period of 180 days. Begin december Frank should have recieved all PP funds but I cannot verify this if this really happened.

67% of the money claimed to be lost during trading. But its uncertain how much % of the total capital was in the trading account when they made this loss.

I am in contact with Frank, and if I have more news about the refunds, from Frank or from an investor, I will let you all know.

Frank is planning to revive his site, and his intentions may be good, but as long as I cant confirm refunds, I would advise people to wait a little first. Frank's new program will not be launched before mid january anyways, so there is still some time.

To be continued.

Jude

This frank doesn't reply my messages to him on Yahoo anymore. I'd stay away from his future stuff, even how legitimate it is.

Using PP without approval is the last thing on earth and the first thing an admin should know.

No, I'm not in his program.

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allinvain

67% of the money lost during trading? pff..ya riight I'll believe that when I see some MT 4 records. If I was a mean fellow I just might say that that 67% has been lost in the admin's pocket, but since I'm not a member I will refrain from commenting further.

Another one bites the dust..*music*

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makila

It bited the dust pretty quickly and he closed the program down for new members quickly. I also never saw him promote the program extensively. Why scam but not promote at the same time? Makes no sense. Maybe he just made bad business decisions. Its *very maybe* possible.

Indeed using PP unautorized is stupid. Giving 20% a month is also stupid. That doesnt work(See Peter B's disaster, see NSFG's disaster .. )

For those interested, he will probably only give 5%/month or something with his new business each month, minimum probably around 100$...(yes he does talk to me, I am sorry he ignores most of you..)

We will see if he learns from previous mistakes or not BUT first refunds have to happen, then I may believe him.(and not just 1% refunds, REAL once, at least +50% refunds should happen)

Until that time ... I would say hold off your spends , at least Frank cant say we dont give him a chance, but he has to dig into his pocket first

allinvain

Hmm..I don't know, but my opinion is that everything depends on his trader. Frank is not the one producing revenues, so if his trader is not up to the task of working with Frank towards providing refunds for the club's investors then everyone is pretty much out of luck as they say. No to mention that recovering from a 67% loss is not going to be an easy task. I am still surprised to hear of this monster loss. I thought the trader behind the program was supposed to be some sort of hotshot - top gun style lol. Even then, how any competent trader can lose 67% of funds is beyond me, but what do I know, I guess I'm not in the same league as those hotshots

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makila

Yeah his trader supposedly got a stroke which resulted in a loss because he did not set a stop/loss. Even if true, it doesnt show much competences. Setting S/L is rule #1 of any basic trader. His trader now retired from trading. Which is the best decision he made lol.

His new program is real estate based, he wont do forex anymore. The trader will be involved but wont trade.

Anyways, I will just wait and see. Waiting, watching and monitoring something doesnt cost me any money does it?

allinvain

you mean to say the trader had a stroke right as he had open positions...hmm..I would've had a stroke right after I found out that 67% of the account is blown and rightfully I would've deserved it for doing something monumentally silly (dar I say stupid) as not placing a SL.

Lol, well at least with real estate you won't need to set any stop loss..

I wish you luck getting your refund.

Cheers!

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makila

I think you see this wrongly, you see, I did not had money in his first venture at all. So no refund for me.

I always stay away from forex programs offering 20%/month. Its just not possible. This saved me from Peter B as well.

Maybe they have honest intentions, but 20% is just overconfidence or *crap*

I was and still am not interested in frank's first site as the returns were too high. I may be interested in his second program, if he makes serious progress with refunding his investors. But whatever happens, I will stay very cautious.