There is some affiliate marketing promoting futures style trading of crypto currencies, utilising an AI (artificial intelligence) algorithm.
The promotion is written in an article format and is disguised as an Australian ABC news report. It also features logo's of other major Australian media agencies ("as seen on"), including an image of respected Australian commentator Waleed Aly. This all attempts to add authenticity to the post.
The article is allegedly written by an ABC journalist and features actress Nicole Kidman, again, a further attempt to increase authenticity and credibility.
The writer states that Kidman has been using a program called "Bitcoin Future" to create impressive returns. He also states that he, as an ABC journalist investigating the claims, had opened up an account himself, and replicated Kidman's returns. He further states that his co-workers did the same.
I decided to do my own investigation I opened an account with the minimum deposit of USD$250.
On talking with a consultant on the phone she never referred to her company or scheme as "Bitcoin Future", as it was promoted in the article. All emails and their website had the name "Selected Markets" instead. This is probably not a big point by itself, however it was a first sign that things weren't lining up (yellow alert #1).
This woman also stated that I would receive a phone call from a trader who would be assigned to help me with my account. Nothing was said about when I would start trading the account, and I certainly did not give any permissions, nor authorisations, for anyone else to trade the account.
The next day I opened the website and saw that someone had already placed a forex trade (not cryptocurrency). Even though the trade ended in a $5 profit (aka nothing) I was very annoyed that the trade occurred without my permission (yellow alert #2).
Later I received a phone call from a person who claimed to be a Selected Markets trader, who would assist me with the account. It was this person who placed the trade. Before I had time to address the earlier trade, he told me he had just opened second trade which was active (again, not in cryptocurrency, but in oil futures). I promptly instructed him to close the trade (yellow alert #3). The rep became very annoyed at this and started a torrent of remarks which seemed to never end and was basically rude, and rude in the extreme.
During his tirade he boasted about how good a trader he was, how he has many big clients, how he just received a brand new Rolls Royce that he paid cash for, and basically challenged my own integrity for being annoyed that I would question his behaviour over my account (yellow alert #4).
I pointed out that the marketing specifically mentioned the AI nature of a system that I wanted to investigate. He remonstrated that he was better than a robot and that it would be himself who would trade my account. I pointed out that this was not the primary reason I opened the account (yellow alert #5). I then advised him that he did not have my permission to trade the account and I expressly stated that he was to cease any intention henceforth.
As the trader continued his tirade, he referred to another AI system his company uses, called "Binary Uno". As it happens I am aware of Binary Uno and I was surprised to hear that this was the same company. If I had known this beforehand then I would not have opened an account. In short, Binary Uno does not work (yellow alert #6).
Throughout the tirade he mentioned that the initial deposit would not be enough to effectively trade the account anyway, and that I would need to deposit more funds soon. I am well aware of the need to have a certain amount of capital in an account. However, given the yellow alerts already mentioned, added to the way this person was speaking in terms of his manner and intonation, I could not help but think this company was more like a boiler room (yellow alert #7).
At this point my tolerance had expired. I stated to the trader that I would be closing the account forthwith. Instantly his attitude changed, he apologised profusely, and transformed into your ordinary telemarketer who attempts to get your business (yellow alert #8).
The bottom line: Selected Markets, Bitcoin Future, & Binary Uno cannot be trusted. I strongly recommend nobody do any business with this company.