Mr. Gagnon's latest marketing barrage has to do with what he calls a "Currency Exchange Program". This involves funding so called "currency exchange" operations with your own money, which is supposed to gain you a guaranteed percentage return on the money you've "lent" out, and with "very low risk" of capital loss.
First of all, the currency exchange industry is almost all electronic, so it's difficult to pin down the companies that are in the business. They don't offer their physical addresses, there often is no phone number by which to reach them, and they often are located on foreign soil, in countries like the Lesser Antilles, where they are out of reach of US banking laws, fraud protections and so forth.
There does not appear to be any regulating body, which means these exchanges don't have to meet industry standards, and there's accountability to a professional licensing organization. They don't even answer to their host governments. So basically, you're expected to give them your money without knowing anything about them, and then you're expected to simply trust them. Tell me, how is this different from walking up to the first stranger who promises to sell you a genuine Rolex watch, and taking their word for it, as you give them your hard-earned dollars?
So, do your research before you dive in, since the program does cost $299,(with the "special discount"). Above all, look for info on the internet from customers who have tried the program. I haven't found anyone yet. When I Google "Currency Exchange Program" or "Matt Gagnon's Currency Exchange Program", all I find are these fake puff pieces by other marketers who are just like Mr. Gagnon, and trying to get you to buy their stuff. I think they all sort of cover each other's butts, and protect each other from the trusting public. Imagine, exploiting people's trust, gullibility and desperation as a business plan.
The program has a sort-of guarantee, but with strings attached. That means, if you feel the product is not worth it, you have to provide proof that you have been trading the system for a certain period of time. Matt G.'s staff have to review your trading account before they'll even consider returning your money. If the product is that good, why isn't there a "no questions asked" refund policy? After all, if it's that good, people will be telling their friends and family about it, and it will sell based on word-of-mouth.
Bottom line: do your due diligence. If you don't, baby, it's your fault. Read the other comments people have made about Mr. Gagnon on this site (see above) and draw your own conclusions. I have.
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