I signed up for Zach Scheidt's Income on Demand product, and paid the requisite subscription fee.
The advertising recommended that one needed at least US$20,000 to successfully invest smaller amounts in the various opportunities presented. Because I had over US$30,000 in my investment account, I believed that I was a suitable user.
The system uses options and is based on selling puts.
When I attempted to sell my first put recommended, the direct investment bank that I deal through, rejected the order and informed me that I needed to maintain at least US$50,000 in my account at all times because of the risk of having to exercise the option and buy a given stock was high.
I therefore had to cancel my subscription to Income on Demand. As per the contract, Agora withheld 10% of the subscription. Because of the misleading information regarding investment amount, Agora should refund that 10%.
Product or Service Mentioned: Agora Financial Income On Demand Subscription.
Reason of review: Not as described/ advertised.
Monetary Loss: $185.
Preferred solution: Full refund.
Agora Financial Pros: Jim rickards impact system.
Agora Financial Cons: Misleading advertising.
Location: Etobicoke, Ontario