Rude on the call, will not stop calling and yelling
if you don't subscribe when they call, you are in trouble. they wont leave you alone! and if you don't sign up, they will start yelling at you. all they want is you to subscribe for the membership. i was thinking to subscribe with them, but not anymore.
Don't abide by their conditions of service
I agreed to a subscription, following the hyped up phone call, but after reading on their website that if it was considered unsuitable, it could be cancelled within 30 days and a refund would be given. Tried it, but considered it was unsuitable- it is big on speculative mining shares, and they send out voluminous emails with market "info". I was after less speculative, but concise market info- I don't have time to read guff that is just stuff available from the Economist or even ASX website. I decided to cancel. Rang the "advisor" who had been...the phone contact- assured it would be credited that day. It wasn't, and emails/phone calls have subsequently all gone unanswered. So it is shaping up to be a time consuming day in the Small Claims Tribunal - but in principle, worth the effort.
Worth every penny!!
True to their name, they have genuinely made me a lot of money over the last 5-6 years on the ASX. I was a bit hesitant to join them because of a few people's negative reviews but eventually took a leap of faith and couldn't be happier. Excellent weekly webinars, tips like HUB24, Dominos, BOQ, Collins Food, EVN and CHN which I would have never bought otherwise have increased my portfolio. Don't worry about a few negative nellies. Nobody is perfect, maybe it didn't work for some but it worked for me and my family!
I've recommended my family and friends too.
Great analysis but...
Have followed recommendations and prospered; MAI is just one example. Still could improve with more coverage on Australian companies and less on overseas stocks. Also was badgered with extending subscription despite having years left. After providing an invoice and asking for confirmation correspondence ceased.
Easy to subscribe impossible to unsubscribe
Signed up for free trial.
Despite 3 calls, still unable to unsubscribe and got charged too!
Called, left messages, was assured charge would not go thru but still got slugged
Somebody please help!!
Winners are Grinners
I spend at least two and a half hours each day going over their reports. I've had the subscription for over 6 years and my personal portfolio has grown from 35k to over $230k. You have to read the reports, watch the Webinar and dyor. I can't recommend them highly enough. Some examples. QAN at $1.55. I sokd at $6. SLR I bought at .15c. It was up a 1,000%. EVN. Bought at $1.44. JHX Bought at $23. I can quote several more. No one is going to be 100%. I reckon I have 85-90%. Winners are grinders, losers look for someone else to blame, never themselves.
Is there a negative option !!!
I used to follow these guys about five years ago and recently logged in by mistake and now they will not stop calling me. I have blocked them, they keep changing numbers and when I tell them I am not interested they just start yelling.. Terrible.
Spammers who never take No for an answer
Avoid this company.
Share tips are hit and miss. Having said that this rabble use aggressive harassment at renewal time and refuse to take "No" for an answer.
Ive had numerous phone calls (all from different numbers to avoid my blocking no doubt) asking me to renew my subscription.
Ive made it very clear to them that Im not interested.
Im over them. Yet the calls keep coming.
Please disregard my one star rating.
Its really -20 Stars
Next to useless
I have never taken one of their recommendations as they weeks to months old. They have no idea of future forcasting, I have found better positions to take then they recommend and so have alot of people on this review site. Dont waste your money, would have more LUCK at the track, It's a NO from me.
The product was really bad
I bought a subscription to find out it was not as stated, they don't advise on the market only selected stocks, it's too limited with little reward. I did raise these issues with only a poor outcome.
It’s not free - pure arm twisting and sales technique
Be careful , they flout their free webinars only to then call you multiple times to force you sign up to their product . If you don’t want customers to sign up to the free webinars unless they buy your product , please state this at the start .
They only talk about their winner's. You never hear anything about the loosers. And from where I'm standing the loosers outweigh the winner's by a country mile. Funny about that.
Look at their FPP fund started a couple of years ago. They took $1.10 per share from their subscribers and the share price is now 70 cents.
A 40% loss and to sweeten the deal they recently cancelled the dividend.
So it doesn't take a brain surgeon to come to the conclusion that you will probably loose money if you take their advice.
They do not deserve one star. Spammers. Ring the 1800 number and can only leave a message! I will be reporting.
They do not deserve one star. Spammers. I have received texts and I have had no dealings with this business. Ring the 1800 number and can only leave a message after you have been placed on hold. I will be reporting.
I lost faith in what my point of contact was telling me.. I won't divulge into it but the was nothing credible with what was being said. I requested a refund only to be completly shunted and ignored.
I followed the companies t&cs. Sent a letter.. In this day and age to request a refund and emailed the company and the person I dealt with.
Not a single response. Now this person who signed me up just won't answer any emails or calls. I did everything by there companies polices.
I strongly recommend you don't fall in the same trap. I'm not going to the ombudsman :-
Who does their research??
I joined Fat Profits 36 months ago and all their recommendations on their website looked fantastic, until I followed some of their recommendations and the price went south, I was then going to cut my losses and sell, but they trumped hang on so I did. Well it all turned to crap and they are still recommending the same stocks, banks, PPS and they have lost nearly 50% of their value. They recommend buy and hold. Their researchers are flawed. Stay away as they recommend shares that slide down from left too right, and claim they are undervalued. Real investments go up left to right. Buyer beware
Classic boiler room
once they had my details I was subject to a series of phone calls pressuring me to subscribe again. I did not discount the idea of resubscibing but explained I had series health issues that were taking my attention.at the time (cancer)
The response from the sales person was nothing short of rude arrogant and insulting
Don't respond to email queries
My membership has more than 1 year to run but I no longer receive the daily emails and cannot access them on their website. When I queried this the first time someone rang me to discuss why they had moved from email to needing to access the daily via the website. Good for you FatProphet, I get the reason but that is irrelevant to my query! And no I don't wish to talk to one of your sales staff on the phone when I work in an open office environment. I have sent two follow-up emails and not had a response. Customer service is apauling.
I'd give you a zero if it was possible.
If you give them your details they won’t stop calling until you pay
I had a guy [Name Removed] call me non stop for 6 months, I told him I will jump on board eventually when work clears up but he didnt take no for an answer.
Definitely not signing up now
Hit and miss
Was with them for over 5 years. Basically they make a weekly recommendations and some mid-week ones. Some work and some don't. It just depends on your luck which ones you happen to choose. One recommendation I went with went bankrupt 3 weeks later. Another one doubled in 2 years. They like to say "ABC" which we have recommended went up 5% today. But many times it drops 5% the next day which is not mentioned. Their web site is very basic. After 5 years I would have made more money leaving my funds in a bank account. Essentially I have decided that these sites are a waste of time and I should just be buying quality shares and keeping them for a long time. Forget trading unless you are an expert.
Poor Overall Performance
The nature of these types of advisories means you take the good with the bad overall. Problem is that Fat Prophets gets it wrong more often than they get it right. My perception is that on average they promote themselves to get it right mostly and put the investor in the money, it's simply NOT accurate. They do sometimes have good ideas, more often than not, their calls are not that great and often I have lost out, even after persisting for several years. If you treat as information only and have a decent understanding of the market and get mor...e accurate information elsewhere, they can be of "some" value. For me, I have learnt from them enough, that I will not be renewing in future. Hopefully, they will stop pestering me to renew even when I have over 12 months left on my subscription. Now that is annoying and also concerning! Understand why so many believe them to be a SCAM.......with so so much cold calling and urging to spend big for very average information. Perhaps what Fat Prophets really means is Fat Profits for the company itself, at the expense of the subscriber!
Questions & Answers
Has anyone else had troubles with the Fat (Super) Prophets reporting system.
As a result of the sale of a $50K+investment in a global share portfolio I have received $12K (approx) but no one can tell me where my other $40K is - on their system there is no area the records funds pending settlement. Lots of promises -admin will fix but nothing has happened.
No, I am not aware of this, I can only comment that their communication can be pretty weak and loose, pays to keep on top of them.
Report the issue to ASIC & APRA, missing money with no explanation from a financial institution is a major RED flag!
Thanks I was giving them until COB today before taking that step.
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