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NPL Smart Trends platform, anyone using it?

Discussion in 'Trading/Investing Resources' started by bell diver, Jun 11, 2020.

  1. bell diver

    bell diver

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    Hi

    I have a friend recently bought the NPL Smart trend platform for a 1 off 15K fee.

    You get an expert mentor to help you get started and get apparently 10% returns a month.

    It sounds too good to be true, so I've googled them and they have been around a bit but I can't find people singing their praises or saying they are useless?

    I could retire today on 10% a month. so looking for people who have used this program.
     
  2. Porper

    Porper Ralph Nelson Elliott

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    If it seems too good to be true...

    If they could make 10% per month guaranteed ask yourself why they are bothering advertising or charging you 15k!!
     
    gartley, lindsayf and bell diver like this.
  3. bell diver

    bell diver

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    I totally agree. I also think even if they were getting 5% returns people would be on here singing there praises, so Im putting it out there and seeing if anything comes back. I would expect also people to be saying I used it for 8 months and broke even or lost etc. It seems strange that no one either way comments. Ive asked on some other forums as well.
     
  4. cutz

    cutz

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    Hey Buddy.

    Gotta ask yourself, why would anyone want to sell a system that's pumping out 10% a month ?
     
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  5. bell diver

    bell diver

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    Mate I totally agree. But they appear to of been running since atleast 2013. So there should be people out there who have used it and can say, nah it's junk stay away from it, or yeah its good or ok ect?? I find it weird that I put a few posts up and no one discusses it? Normally forums people are hyper critical and would slag it off in a heartbeat.
     
  6. frugal.rock

    frugal.rock

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    About us...
    "Our Melbourne office enables us a global perspective, offering clients leading technology to trade the major financial markets with confidence and success."
    Contact us
    NPL AUSTRALIA
    350 COLLINS STREET
    MELBOURNE, VIC 3000
    P: 1800 833 930 : +61 3 8804 5731
    Screenshot_20200611-192907.png

    No licence's listed on the website.
    No mention of these experts names or credentials.
    The London office address is a share office arrangement. 57 businesses listed there, can't confirm if NPL is one of them...
    Nothing seems verifiable.

    How is your friend going?

    A case for ASIC in my opinion.
    @Joe Blow

    F.Rock
     
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  7. Joe Blow

    Joe Blow Administrator Staff Member

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    I think you said all that needs to be said right there.

    10% a month? As Grandad used to say, "pull the other one, it yodels"
     
    bell diver, Porper, qldfrog and 2 others like this.
  8. bell diver

    bell diver

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    Paper traded for a month and was happy, and is just over 2 weeks in with real skin in the game and apparently looking like hitting the 10% mark for 2 consecutive months (1 month of paper trade and 2 weeks of real trades). However Dow smashed down 6.9% last night, so interesting to see how the next 2 weeks go as the last 10 weeks have been all up. I've asked if it offers up long and short trades as imagine it would be recommending to short next week?? No reply as yet.
    The biggest negative indicator I'm getting (Apart from the outlandish 10% claims) is that no one is coming on here and saying they use it. Which makes me think their clients are people who have zero trading experience, they pay 15K for a program that they lose money on, after 3 to 6 months, they cash their chips in, decide the markets are rigged and never trade again, hence dont stay in forums to comment, and turn their backs on the markets. If this was any good, surely people would be commenting?
     
  9. systematic

    systematic

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    Perhaps the WiFi isn't crash hot from the client's yachts? extra points foe those who know the quote
     
    bell diver likes this.
  10. Garpal Gumnut

    Garpal Gumnut

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    Comrade, It is pure and utter shlte. It is for muppets. It is not for people who come on forums such as this. It is not for people who know how to start a computer, nor walk nor talk. Nor for people who breathe. It is not for people with half a brain. It is not for the discerning. It is not for people with money. It is not for people without money. It is not even for Grey Nomads. It is a Norwegian Blue.

    I'm either doing you a favour or encouraging you.

    I trust I have not been overly obtuse in my advice.

    gg
     
  11. bell diver

    bell diver

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    Your not encouraging me lol. I have a friend who has paid for it and is currently investing through their self managed super fund and own savings. Im concerned for my friend so have put a few posts up seeking info on a few forums. So far about 600 people have read or viewed the posts I've put up, yet no one has come forward and said they use this platform.
    In about 2 weeks I'll send my friend a link to all these forums, this one included and say this is why im not interested in the system and why my friend should be very careful with what they are doing with their retirement savings. It won't be me telling them they have made a bad decision, it will be all of you and the apparent lack of anyone saying anything good about it.
    So I appreciate each and everyones reply.
     
  12. bell diver

    bell diver

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    I had to google "What is a Norwegian Blue?" LOL
     
  13. greggles

    greggles I'll be back!

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    You say they have been operating since 2013 but there are no reviews out there on the web. That makes no sense at all. If they were selling a system that was returning 10% a month for the last seven years there would be a lot of new millionaires out there raving about them.

    Instead.... nothing. Dead silence. Doesn't smell right, does it? Use your common sense.
     
  14. bell diver

    bell diver

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    Totally agree mate, I did find some chat on some forums dating back to 2013 or 2015. But it didnt really lead anywhere.

    2015, http://moneyexpert.eu/showthread.ph...t-Trends-Platform-or-similar-trading-software

    2014, http://tradersmkt.com/showthread.php?12275-Is-the-NPL-Smart-Trend-Platform-a-cost-effective-purchase

    this link a month old suggest they talked them down from 15k to 5k lol.

    I can't find the 2013 link now so maybe 2014 is as far back as I could find?
     
  15. cutz

    cutz

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    Hi Buddy,

    I understand your concerns for your friend, I was in a similar situation years ago, family friends got involved with a high risk trading software system, new to markets but messing around with commodity futures and options, I did attempt to convey the risks numerous times but to no avail, I guess the marketing hype was blinding.

    Some time later I got a sense that things went horribly wrong, we never spoke about the aftermath but lives were changed, to this day I still regret not being more direct, I didn't want to offend, it was and still is that type of relationship.

    Not suggesting anything about the company in question but such high returns seem like pie in the sky.

    Search websites such as Scamwatch, ACCC, Choice, ASIC. Obtain the names of the company directors and run ASIC / Internet searches, make sure the company has an AFSL.

    You mentioned your friend has already paid for it, could be impossible to dissuade.

    Good luck.
     
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  16. Warr87

    Warr87

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    @cutz You can tell people all you want that what they have bought into is a scam, but it will mostly be met with a defensive attitude and be dismissed. It's not surprising, that is most peoples response when met with information which directly contradicts what has been feed to them (especially from a scam since those are specifically designed to get passed defenses and persuade with 'facts' and 'reviews' and 'guarantees'). I think the only way that you could convince them is if you were certified in some way with finances, or you are known as being a very profitable trader. And even then who knows. Sounds like you did the right thing but your mates still got burned (and were probably too ashamed since you warned them).

    When you do a quick search for this company it does seem strange. A lot of talk about 'world leader in trading technology' or being an 'award winner'.

    A smarter recommendation would be for your friends to try The Chartist and their membership. You could have a decade worth of membership with them and access to all of his systems. Never used it, but I would have more trust in Radge than NPL. Some people may have other recommendations for signal providers too (I don't know of any).

    Good luck and hopefully you talk them out of throwing away their retirement money. It'd be pretty sad if they blew up their SMSF with this.
     
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  17. David61

    David61

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    I brought the trading platform about 3 months ago, have only been paper trading, 3 weeks ago I stopped been able to reach their London support number and also the local number. I believe I have been scammed, dont touch it
     
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