Have you ever heard about Buzz Technologies? No? Me neither. And below is one of the reasons why.
Buzz Technologies (OTC:BZTG) is a public company floated on OTC with market cap of $1.13m (yes, that much) and according to its website: Buzz Technologies, Inc. provides a portal, featuring a Web, news and video search.
One of its businesses is being an IB for Easy Forex. So when it launched a new offering giving out a $100 bonus for any deposit over $500 I clicked the banner.
Below, circled in red, is the biggest markup in the IBs history or the most ineffective marketing screenshot of all times, at least in Forex times…
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Now, I’ve heard about aggressive markup, but this… Easy Forex itself offers variable spreads of around 3 pips on major, at least that’s what the website states. What the spreads are like in live accounts I don’t know.