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The Grade Money Review: Is thegrademoney.com Scam?

The Grade Money Review: Is thegrademoney.com Scam?

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The Grade Money prides itself as a team that offers training in trading, an expert advisor and a free telegram channel where they dispatch Forex signals to their followers. They claim that the purpose of starting The Grade Money was to help people live better, do more and become financially independent. They claim that their aim is to help beginners understand how to build wealth through trading, drop shipping and even marketing. When we saw the words drop shipping and marketing, we immediately thought that this team is composed of marketers and not Forex traders since drop shipping and marketing are very different from Forex trading.

The Grade Money

The question that most traders want answered is whether The Grade Money is a scam or not. If you are reading this review, you are lucky because you will make an informed decision by the time you complete reading it. The lead person behind the team is known as Hamza. He is a self-proclaimed trading guru who claims to have mastered trading at the age of 16 and has been an entrepreneur for the last 18 years. He also claims that his desire is to see many people living a luxurious life, and because of this reason, he has developed a number of professional courses that everyone can afford. The website provides a contact form where users can reach out to the people who run this website. Unfortunately, Hamza and his team are anonymous because they fail to tell us where they are operating this business. This information is very important to have on a website that purports to sell trading education or products. If it is not there, users will not be confident enough that these people can be trusted.

In the meantime, you can explore these Forex trading resources to find out what there is to learn about the products. But if you want to keep learning about this website, ensure that you complete this review in order to make an informed decision on whether or not this is a product you want to be involved with.

The Grade Money review

The story that Hamza is giving us concerning how he has been living a luxurious lifestyle, making huge profits since the age of 16 is just not adding up. It is true that it takes many years in order to learn Forex and finally begin making consistent returns from that skill. It seems that Hamza already knows that Forex trading is a skill that takes time to develop. However, we also believe that he is a marketer and not a trader by profession since he is also talking about drop shipping, marketing and Crypto currencies. While this is not bad at all, we need to see a situation where we have Forex traders selling Forex products only and not mixing with other things.

The website appears to be covering nearly everything there is no know about drop shipping and marketing instead of focusing on Forex trading. They need to be specific so that traders can have an easy time deciding whether or not they want to use their service. The details of the products they are offering are as follows:

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worldmarkets

Type of product: Forex EA / Trading Course and Price is £200 or £1,000. Trading Strategy is Martingale but unfortunately, Trading Results have not been provided. The trading course is the cheapest while the expert advisor which they are selling here is very very expensive. We were hoping that the vendor would provide proof of trading success before showing us the price tag.

The Forex expert advisor

The Grade Money is selling an expert advisor for the price of £1,000 and claims that with this robot, we can expect a monthly return of between 50% to 80%. The draw down is between 8% to 30%. There are no real details to support this robot and even justify its pricing. However, they only list down the advantages that traders can enjoy if they purchase a copy of the EA.

The developer is not even providing their trading statement to show us that indeed the robot is capable of returning 80% a month. It would have been good if the developer provided proof of their trading activities since we just don’t want to purchase this product when we are not sure how it will perform. Also, since they have listed the average returns that this product can generate per month, it is possible that this data was pulled from somewhere. We need this data in order to verify whether or not they are true.

Also, another very unfortunate thing is that this expert advisor is using the infamous Martingale trading strategy. We all know that Martingale trading strategy is a very dangerous style of trading. It is not even considered a strategy because of the high risk that is associated with its methodology where it doubles risks every time there is a loss hoping that the previous loss will be recovered. This is a foolish way of trading and you certainly cannot buy such an expert advisor for £200, let alone £1,000

The training is comprised of live webinars, video explanations, new updates and access to a community. Outside this information, there is nothing else. For this vendor to be able to sell any trading system, they must concentrate on several selling points because if the product doesn’t tick most check boxes, then it fails terribly. On top of this, we were hoping that the Grade Money will provide some evidence of their monthly returns through myfxbook.com. Since this information has not been provided, we cannot trust them blindly.

Our best advice for you

The Grade Money is inconsistent with its claims because they cannot provide proof of their trading performance. For someone who has traded the Forex market since they were 16, this is unacceptable. Unless they are lying, we do not see the reason why they can’t provide sufficient information to convince us that they have a great trading background. Having said this, we recommend trading with legit tools as opposed to relying on fake gurus.

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2 Replies to “The Grade Money Review: Is thegrademoney.com Scam?”

  1. السلام عليكم ورحمة الله وبركاته,

    Firstly, I wanna swear by Allah that what I’m saying is the truth. Wallahi this is what happened. Alright so here is my experience. Firstly, before I even get to the actual EA. I just wanna say that GradeMoneyFX or Hamza takes days or even longer to even reply. Like if you bought the software and sent him payment, he would reply days later. After finally buying software, I had to literally BEG him to please send it, please send it now, please send it now. He asked me for email and I would write my email. Then after a couple of days, he would ask for email and I would write again. He did this 3 times. Finally, he sends the EA to my email and a guide to go along with it. I followed the directions and setup everything. I set it up on two accounts. One on a live account and another on a demo account. I followed the same risk settings as were written in the guide. In both accounts, I gained very little and then it blew both accounts. I’ve heard the same from everybody I talked to. This EA does not work at all. Do not buy it. Its a waste of your money and time. It’s not just a scam, but the fact of how the customer is treated is also very bad. Allah knows the truth and how he does business. He will take care of this on the Day of Judgment. I’m done going after him. I’m willing to give way more info if any of you have questions, contact me on [email protected]

    جزاك اللهُ خيراً

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