Is “Wizetrade” a scam or not? What is it and can users potentially make awesome money using this system and software? I saw many peaple asking questions about Wizetrade, so I decided to look into it and write a review.
Read on to learn more…
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Company Name: Wizetrade (4X Made Easy)
Owners: George Thompson and GlobalTec Solutions
Price To Join: $150 Per Month (7 day free trial)
My Rating: 1/10
~ The “Wizetrade” Review ~
What Is “Wizetrade”?
Wizetrade – also sometimes known as “4X Made Easy” – is a suite of trading software packages designed to help users make money from trading:
- Forex
- Commodities
- Stocks
- Options
The software has been around in one form or another for nearly two decades, and a quick Google search brings up an entire list of complaints against the company.
That’s the very first thing you’ll discover about Wizetrade.
Despite all the negativity though, the company and the software remain in the marketplace for people to purchase and use. Previously the software cost around $4000 to buy, but now they offer an array of software packages for $150 per month access.
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How It Works
This software works very similar to a lot of the binary options trading software (many of them scams) which I have reviewed on this site. It basically works on a red light/green light scenario. Green meaning buy and red meaning sell.
I’ve personally traded commodities and Forex, and believe me, it’s not that simple, even with software. The software will just log data and give you indicators. There are charts and live feeds to view, data to analyse, and it takes balls of steel and a real lack of emotion or attachment to gamble your money on trading. Other reviewers and users of the Wizetrade software declare that it’s no more effective than the free software punters are supplied with from the brokers and trading houses.
Why It Won’t Work
Trading Forex and stocks is an extremely detailed and complex world. It can take months and months to learn what you are doing and years to master it.
No software, no matter how sophisticated, can predict the stock market (or the lotto for that matter). Yes, it can log and analyse data history and give you some idea of which way to go – an educated guess at best – but it can’t guarantee you will win and, unfortunately that’s what the sellers of all these trading programs claim their software will do. You pay us money for our program or system and you’ll be laughing all the way to the bank for the rest of your life.
The sales videos are always full of slick talking dudes who hype it up, backed up by other slick dudes sitting on a tropical beach somewhere living an easy life of luxury afforded to them by the gambling (I mean trading) software they purchased. Just a small price to pay for an ongoing life of endless wealth and abundance.
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Wizetrade Complaints
Let’s make a simple list of just some of the complaints people have against the Wizetrade software and its parent company:
- The software doesn’t work
- People have been charged on their credit cards months after cancelling their subscription
- The system is way more complex than promoted
- The company doesn’t offer the support they declare they will
- Not worth the money
- Shocking service
- Amateurish software
- Worthless crap
- No training in using the software/system
- It’s a scam
The above list is just a small portion of the many complaints flooding the internet about Wizetrade and GlobalTec Solutions.
Who Is The Target Audience?
The software is more likely aimed at people who are new to day trading; whether it be stocks, binary options, commodities or currencies. The makers sell the dream of a wealthy lifestyle more than the actual benefits of the software.
These days so many people are looking to make money online, and for some reason the uninitiated think it’s way easier to make money on the internet than it is in the real world. There’s plenty of money to be made on the internet for sure, but it’s not easy.
The Pros
- The way they sell the dream of wealth and abundance is motivating
- The software can enable users to make a more “educated guess” as to what trades to make
The Cons
- It’s a way over-priced con job, promising riches from a product that simply can’t guarantee results
- Way too much hype with actors portraying fake successful lifestyles as a result of using Wizetrade
- Thousands of complaints about the company on the internet
- It’s expensive software similar to programs brokers provide for free
- A lack of training
- No support or backup service
- It’s nowhere near as easy to trade as is promoted
- Day trading is complicated and full of risk
Tools and Training
The software programs are the tools, but as far as training goes, there apparently is none to speak of, nor is there any real support once you’ve paid your money.
How Much Does “Wizetrade” Really Cost?
It used to cost around $4000 for a bunch of CDs. These days Wizetrade use a subscription system at $150 per month to access the Wizetrade suite of 5 software programs, and they start you off on a 7 day free trial to test it out. Sounds better than the original deal of $4k for a bunch of CDs, but still pricey per month for software you can essentially get for free elsewhere. You would have a far better chance of seeing a positive ROI sinking your money into lottery tickets than investing in this scam.
Is Wizetrade A Scam?
While I’m always reluctant to label something and all out scam, there are enough complaints floating about to suggest that Wizetrade is certainly something to stay away from. Unless you have nerves of steel, can risk losing money and are willing and committed to learn how to trade the markets properly, it’s probably best to give day trading a miss altogether. There are plenty of other ways to make legitimate money online with way less risk. Apart from gambling at the casino, trading is probably one of the riskiest ventures you could undertake.
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Darren Burton
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Hi Darren,
Thanks for reviewing “Wizetrade” and exposing its many downside risks, and in fact, the many downside risks of day trading.
Are there any software programs out there that can actually help with stock market trading? My experience is limited and whenever I’ve gone out of my blue chip, long term “comfort zone” it has always resulted in disaster.
Thanks,
Ed
Hi Ed.
I used to trade a bit of Forex, but not with any luck. There might be legitimate software out there that does genuinely help with trading, but I personally don’t know what. Most of these robot programs that do the trading for you are scams.
Stock market trading is no child’s play and it takes a fair degree of time for someone to actually claim that he’s mastered all the tricks of the trade. Wizetrade, at best looks more like a prediction tool. But trading in stock markets is no prediction game and it takes a thorough knowledge of not only the regional market but of the entire global capital market to succeed. It is difficult to assume that a software could help someone reap riches overnight. Tall claims, it looks like. It should be avoided.
You are so right when you say there is a lot to learn when it comes to trading, and it is extremely hard to merely predict how the market is going to trend. Very tall claims indeed from Wizetrade.