I would like to respond to and agree to Fred's letter in regards to Spectre Trading, Blue Point Trading that it is a scam!
We have only just found out yesterday that is is all a scam after not being able to log into our account for the past 2 weeks and then yesterday reading Fred's report after googling "Spectre Trading".
My wife and I too bought into Spectre Trading Pty Ltd (Arbitrage Trading) in October 2007 after being called up and offered the trading account for $7600.00 ($6600.00 being for the "Licence" and the $1000 being your left in your account for trading).
We too were given a login like internet banking and a password but were told that we could not remove any of the funds until the balance reached $10000.00 and then for every dollar that we earnt they would take thier 5% commission for doing the trading on our behalf.
Everything was going great until around christmas where the account the seemed to be making money every week stopped making money for a few weeks - just as we thought what was going on it started making money again so we forgot about it. Up until about a month ago we were still getting letters in the post offering limited numbers of trading licences available.
For the past 2 weeks we have not been able to log into our account, I had sent and email but with no reply my husband decided to call yesterday only to find that their answering machine is full.
We accept that we have been stung and have lost our money too (in which we really can not afford to lose) but more importantly we want to stop other people being sucked into this companys lies and taking your money.
If anyone is wanting to take this further then please contact us as we will only be too willing to give any information that is needed to take these guys to the cleaners...