Amplitrade Reports & Reviews

Amplitrade Reports & Reviews (5)

They started charging my credit card before the end of the advertised 60 day trial period. They provide little information that can be used the verify their methods--they did not respond to my email inquiry about their backtesting methods. As far as I can tell their wild claims about returns cannot be verified as they may be simply using the same data to test their model as they used to fit their model, a common approach used to inflate model validation statistics. They do not make it simple to cancel your subscription, you must email them.

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Bought a subscription to this service as I am always looking for new investment ideas. They are supposed to send you a lis of stocks every month to invest in. Bought my subscription May 2, 2020 and waited for my email that was suppose to be delivered to my email the first trading day of June 2020. Never received an email. I sent them a message 3 times telling them I never received their recommendations...no response. Cancelled my subscription. As far as I am concerned this is a complete scam. They advertise on Facebook and hope people send them their $40 a month for nothing.

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how is it going so far?

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Update...I attempted again to start an Amplitrade subscription. Low and behold my subscription started as advertised and I received my first recommendations on the first trading day of November, November 4th. Since then I have continued to receive their list of recommendations via email on the first trading day of the month. I don't know what the screw-up on my initial try, but boy have been impressed with the results. I have averaged over a 25% per month return since Nov. In less than 4 months I have doubled my account size.

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- San Marcos, CA, USA

Reported details

Phone: no phone number on website
Website: www.amplitrade.com
Address: none given on website
Email: amplitrade.com
Country: United States
Total money lost: $282
Type of a scam: Investment

I signed up with this company starting with free 30 day trial , I forgot about it , they were supposed to send me stock picks , I never got one stock pick , and I found out my credit card was being charged every month 47.00 , the company has no phone number , no address , just website

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