Trade4target.com or trade4target.in gets number 1 fake/fraud/rip off award of all times. They have excel files showing past performances, pretty impressive at first but the worst starts when you pay them. They have no knowledge about customer service, there is a guy called Manish who is taking orders and complaints too. Here's how they do it.
They will send you a tip "For Ex buy SBIN 1800 Call at 120", if the call goes up they will send you follow up message to exit out etc. But if it doesn't go up they will not sending you anything, and when you call them they will not pick up the call or it will always come as engaged. At this point they know that their call went bad so Manish disappears. Immediately after this at around 2:30 they will send you another tip (this time second tip on the same day) to buy Nifty or short nifty, this time when they send a tip they will also give you a target like this "Buy NIFTY 4800 at CMP target 200", but when you place an order it's already at 202. In about 30 seconds you will get another message stating, book full profit at target 202. This all happens in last few minutes in the market so you will never catch this. Read next what happens. On their performance chart they will only add Nifty call they gave (which was already there) and they will completely ignore SBIN call they gave. So their performance charts you see always looks promising. Couple of times I called for the bad call and Manish told me that it's upto you whether you want to keep SBIN or no, or something like all calls are intraday if you did not got SMS than it's not our fault.
Now about me, I am not that stupid to loose lakhs, but yes I got foolded with those falty reports and I am going to every penny I got to make sure they are shutdown in 2012. I have already put case in NSE/BSE and financial authorities to take them down. I only lost about 15, 000 as I was trading in 1 lot instead of 5 or 10 lots they suggest.
After reading this post many will call them and they will say that this post is by competitors, this is again another lie which almost everyone says now a day. I am not a competitor, I am professional trader and I must say that, even if you don't believe me and want to try them go ahead but do small lots and always have your shorter stop losses instead of big stop losses they suggest. Hope this post was useful to some of you.
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