Berkeley Backpacking Biz - Old School, New School, No School

A Brief History of the Foundation of Sierra Designs

Powered by Drupal
George Marks and Bob Swanson 1968
The creation of Sierra Designs was an act of friendship and encouragement from David Buschman. Bob Swanson and I were working at the Ski Hut in Berkeley at the time where we had met in the fall of 1963. Bob used to play handball with David who was effectively retired at age 35 after having sold his business U.S. Peroxygen. Ever the consummate entrepreneur he frequently asked Bob why he was not in the, what we now call the Outdoor Business. Bob of course usually replied that it was really only a question of money. Later David dropped out of sight for some time traveling to Africa and elsewhere. 

One day in mid 1965 he returned. We were invited to a weekend of sailing by an old friend of Bob’s, Ron Dunton, who lives in Santa Cruz. During the time at sea, David again asked the same question but this time to the two of us. Our answer was an easy one, “Well David if we had your money we would” At which point he simply said, “Well make me an offer”.

George Marks and George RudolfAt that time, from the late Forties until when we went to work for him, George Rudolf (pictured above on the left with George Marks on the right) was the only person in the Bay Area who was really in the business. He not only had a thriving retail store, The Ski Hut, but he also had Donner Mountain Corporation which imported many of the articles for use in the mountains, boots, rucksacks, climbing hardware and all the other things that we know of today. In addition to that he had a budding manufacturing enterprise, Trailwise, which was involved in the production of modest amounts of clothing, tents and sleeping bags. After my return from Europe where I had been teaching English for three years, I went to work for him in early 1961 until the fall of the year when I left on an adventure job to Antarctica. I returned in the early part of 1963 and went back to the Ski Hut. There it was that I met Bob and we became friends, and still are now more than 40 years later. I became very involved in the Trailwise division of the company while Bob was in charge of the mail order department. During our tenure at the Ski Hut we gained valuable skills which served us well in the coming years. 
 

After that fateful day of sailing on Monterey Bay, we sat together and estimated the amount of money it would take to open a business in competition to our current employer. We settled on the grand sum of $25,000 which of course was really not enough. Later after we were started, we had to go back to David for more and he extracted some more of the ownership of the company from us in return. That turned out to be a very good investment for him in the final analysis when we sold the company about seven years later. 
 
We had all come from diverse backgrounds, Bob grew up in New Jersey, David in New York and I in the San Francisco East Bay Area. We all had some experienced in one or more of the outdoor activities, backpacking, canoeing, rock climbing, high altitude climbing, skiing, winter camping and just general outdoor experiences. We were all pretty well educated and had some skills that were not the usual. David was the oldest at about 36 then, and I was next at 34 and Bob at 32. At that time in our lives, we were all ready to do something so when the chance came we put our hearts into it. 
 
Bob SwansonIn mid October of 1965 we quit our jobs after offering to join George Rudolf in a sort of partnership with us doing the manufacturing and he doing the marketing. He was not inclined to accept our offer so we promptly resigned our positions. He was not too happy with our plans as we were two of his best staff members and losing us to become competitors was not easy. Years later we reconciled and became good friends after that. He was even an investor in our later enterprise, Walrus Tents. 
 
We then went to work, first to find a place to set up the shop and then to equip it with all the tools we would need. The first order of business was to register the company and to set it up legitimately. The last thing we were asked for was a name and a logo. We had some stormy sessions tossing out names for this little company and we had some good laughs about the various suggestions. Finally Bob suggested the simplest of names, Sierra Designs, named after our own wonderful outdoor playground. Next was the logo which was designed by Al Marty, an ad agency consultant. He gave us several sketches to look at and almost at once, Bob and I picked the same one which became the famous logo that it was for so many years. Al said that was his choice too, so it was unanimous. 
 
Bob and I then went to work on the location, 137 Tewksbury in Point Richmond, a building that now belongs to a group of which I am a partner. The building was pretty bleak inside so we cleaned it up, painted the walls white then built the tables we would need for this kind of sewing operation. Bob and I did all of the work and we did so with such enthusiasm that the hours just fled by. We worked every day for such long hours it is difficult to even recall how we managed to do it all. The first month or so was dedicated to the set up and then we went to work on the product line and the marketing plans. We had a natural division of responsibilities, Bob in charge of marketing and accounting and I in charge of manufacturing. We collaborated on all of the designs. We hired our first two sewing ladies, one from our neighborhood, Reba McWhorter who out lasted us all. Bob and I were out of the company by 1984 and Reba was still there for perhaps another ten years. She is in fact still the record holder for the longest term of employment at Sierra Designs. She and I worked together at great lengths in the design of many of the products that we produced. My mother Marie Marks was another great help as she was a superb craftsman when it came to some very complicated sewing techniques. She and I created some of the most ingenious sleeping bags ever seen up to then. Many of our little sewing tricks are still being used in the industry and in fact world wide. 
 
Within the first six months we had created a full product line of outdoor products (see catalog 1966~67) which amazes me today to think that we could have done so much in such a short time. In addition we had a catalog, 2,000 copies for the one and only printing, a small retail shop that people were soon talking about and sending us customers where we managed to sell all of our prototypes and seconds. It became a well known secret and soon word of mouth was one of our better forms of advertising. We had some small place ads too. We attended the early trade shows where we put our products up for sale. Soon we had a small but active dealer list.
 
Among them was a small shop in San Francisco, The North Face, proprietor, Doug Tompkins. (see 1966~67 catalog, page 18, in the cagoule) later he almost cost us the whole enterprise as he was on the verge of bankruptcy when he managed to sell his company to two brothers who subsequently sold the company to Hap Klopp and Jack Gilbert who promptly went into the manufacture of the products that we had produced for Doug.  That was the beginning of years’ long of rivalry between TNF and SD. During that period we were always trying to outdo each other so the products from both companies only got better and better as time went by. Doug prospered in a new enterprise which was a line of women’s clothes. It went under the names of the various styles, but later was simply known as ESPRIT.  He managed to recover most if not all many times over of his lost investments in the outdoor industry. 
 
We worked in the Tewksbury shop for about three years. We started out as two people but by the time we left in 1968 we had become 28 and tensions were high. There was just not enough room for all of us to work and to not get into each other’s way. David bought the building at the corner of Fourth and Addison in Berkeley for which he was handsomely rewarded when we sold the company as the CML group grudging agreed to buy it from him. As it turned out, that was a good investment for them too, as they subsequently sold it too and did well on the investment. Now more than 35 years later, it is the home of the Dark Horse Trading Company warehouse. It has weathered wonderfully since those days when we turned that old paint factory into the center of the outdoor world of the time. It was on the Japanese tour bus schedule of stops. We felt like rock stars. 
George at cutting table
We were in Berkeley for several years until we moved to Oakland. By then we were under the management of the CML Group to whom we had sold the business in 1971. This was the beginning of the end of the true company as it was slowly but surely becoming something that it had not been. Corporate dictates were coming down and we were forced to make certain decisions. It was also the time of serious competition as we had so little up to then. One day in 1978 I came to work to find a notice on the power pole outside our door advertising sleeping bags that looked all too familiar. In fact this was the first sign of a new company in town, Snow Lion, one Bill Simon proprietor. He had taken our line of sleeping bags to Hong Kong where he had them duplicated to the last detail. Suddenly we were faced with the loss of our entire network of dealers to this new company. After years of telling me what a genius I was, the dealers all rushed to the new kids on the block and bought all the sleeping bags they wanted that were the equal to ours and for a much better price. So much for genius George. However when I woke up to what was happening it was getting late. Our sales manager of the day wanted to abandon all the great sleeping bags we were making and to get out of the sleeping bag business entirely. Fortunately we were still in control of the company so I told him we would not abandon our sleeping bags but to make them even better so no one would really want to copy them. That was the beginning of the high end sleeping bags, the Cloud Series (see catalog 1979) which kept SD in the sleeping bag business to this day. The bags in spite of their high cost were very well received and sold well. As a side note, we had over estimated the number of bags that would sell with the nice ivory lining, so we had many yards of fabric left over. We later used it in the tents and they were stuck with that color matched with blue for many years and are only now finding other colors. 
 
Our tents were winners from the beginning. The Glacier Tent was the star of the line and received many letters from people who had experienced incredible conditions and wrote to tell us that they were safe in their tents in spite of horrendous conditions. The 3-Man tent was inspired by one of my neighbors, Tom Edwards, a tug boat captain who was a bee keeper. He told me that the hexagon was nature’s most efficient use of space and besides, I would need only three poles, a tripod. He was quite right and the tent was a wonderful winner for several years. It only weighed 8 lbs and as long as it was just at 8 lbs it continued to sell in great numbers. One day though we decided that in spite of being just about perfect we made some changes to the tent and it went over the 8 lb weight. Sales dropped of precipitously so we had to backtrack as fast as we could.
 
The tent sales were always one of our strongest products but then suddenly the world became obsessed with “Domania”. With the introduction of TNF’s Ovalintention, Moss tents and the JanSport Trail Dome, the outdoor world was never the same. All of our rigid tent pole styles were abandoned leaving us with huge stocks of poles that finally ended up on the scrap heap. They just lost all sales interest in favor of Domes. I tried to convince dealers that the domes were inherently unsafe as they were not staked down for the most part, and indeed they were sold as not needing to be staked down. They looked good in the show rooms too. It was only later little by little people begin to hear of tents blowing away over cliffs, into rivers and even out to sea. One story had it that the occupants of a dome tent with a “bathtub” floor were awakened one morning by some people in a canoe. It seems that the tent began to float away when the tide came in on the beach where they were camped. 
 
Faced with this dramatic shift in market tastes, I decided that we needed a dome tent too, but one that would not compromise my principles. Thus was born the Octodome tents (see catalog 1978). They were inspired by the dome of St. Peter’s in Rome, which is in fact two domes one over the other. Using some gothic arches and the double dome principle I made the tents with the flysheet integral with the inner tent. We made three styles, a large dome, a smaller one and a two man tent using the same construction design. They were very well received and even patented, but they were soon altered by the person in charge of manufacturing as too expensive and complicated. Soon they were shelved as no longer a viable design. By that time I had lost all influence in the direction of the company and was soon to end my tenure there all together. I was no longer inspired and was obviously a super numery to the company. I was invited to seek employment elsewhere after being given a year’s notice. Pretty generous though when I think back on it. Bob had already left the company to try other things and in later 1984 invited me to join him in another enterprise, The Walrus Tent Company, but that is another story.
 
As to the former employees, there must be hundreds of alumni by now. Most worked for a while and then moved on to other interests and many lost their jobs after the final closing of the manufacturing plant, as did most others in the outdoor business. The move to Asia was inexorable and could not be stopped. It was just inevitable. I remember clearly one day sometime after we were in Berkeley, a visit from Doug Tomkins who suggested to me that we close up the factory and go with him to Hong Kong where we could get all of the products made there for much less. I was shocked at such an idea as we had a social conscience in those days and all I could think of to say in response was “but Doug, what about all the people?” his response to that was not really something I would like to repeat here now. But I was stuck in time and eventually not only would I be swept aside, but I would end up here in Asia for what now looks like for the rest of my life. 
 
Among the many notables who are members of this alumni association are such luminaries as Bob Woodward, (SNEWS), Paul Kramer & Jack Gilbert (much later) of Mountain Hardwear fame, Henry Gruchacz currently of Erickson Outdoors, an early pioneer of the company, and many, many more who all made significant contributions to the success of the company. 
 
After the acquisition of Sierra Designs in about 1971 by the CML Group, along with Kelty Pack we entered into a dual relationship with Kelty that lasted until Kelty Pack was sold to another large company. Sierra Designs later was passed around from one company to another. The first one to take it after CML was The North Face, winning the final round of our years’ long competition. Much later in 1993 the executive staff of the company, comprised of Paul Kramer, Jack Gilbert and some others attempted to buy the company from the then owner of TNF Bill Simon. That was also somewhat ironic as he was driven out of Berkeley when he had his first company, Snow Lion which folded up even though it managed to knock off all of our best designs. He went to Hong Kong where he was known as Odyssey until that ended too. He refused the offers from Paul and Jack’s group so they resigned en masse and set up shop across the street (so to speak) and started the new company Mountain Hardwear which now ten years later is doing very well under the Columbia Sports umbrella. 
 
My tenure came to an end in late 1984. In fact it was a mutual parting of the ways as I had become something of an unwanted expense to the company and I had lost all enthusiasm for my job. I had little to say about any thing and the product line was dictated by sales and not by design. Not much room for imagination anymore. At the end of 1984, I joined my old partner, Bob Swanson in a new adventure the Walrus Tent Company. That lasted for almost 10 years and then it was time to start over again where I am now currently engaged in the exciting world of sourcing for anyone who would like me to watch over their production here in Asia. 
 
My time at Sierra Designs was of course my major work and it had a long lasting affect on my life. It is also something for which I take great pride. I learned so many things during that period, and they serve me well to this day.
 
Yangzhou, Jiangsu, P.R China
February 26, 2004
 
 
 

This Story is part of a Series...

The creation of Sierra Designs was an act of friendship and encouragement from David Buschman. Bob... Read Story
Starting Out After getting the business set up in October of 1965, and renting a building in Point... Read Story
Author George R. Marks was co-founder of Sierra Designs in 1965 Bob Swanson, (1933-2016) , my co-... Read Story

Comments

bГґnus rabona
betGold Г© ConfiГЎvel para Brasileiros 22Bet Г© confiГЎvel wazamba site oficial YoYo Cassino apostas por que Bet365 Г© an escolha certa Casas de Apostas On-line como se registrar no site YoYo Cassino Europa Casino pin up betGold Г© confiavel winner cassino Futwin sportingbet vantagens e desvantagens rabona casino Vera&John Casino casino Vera e John TOP 3 Online Casinos com maiores bГґnus winner casino pagamento sportingbet vantagens e desvantagens sportingbet rabona casino brasil betboo RevisГЈo 2023 betwinner Brasil Г© confiГЎvel Vera&John Casino TOP 3 Online Casinos com maiores bГґnus BГґnus 2023 LibraBet betGold Г© ConfiГЎvel para Brasileiros bГґnus rabona ruby fortune pagamento pin up CaГ§a-nГ­quel Online Nova Cassino Online Melhores Casas de Apostas Esportivas no Brasil вљЎ Top Sites de Apostas Como obter suporte do Copagolbet Casino Melhores Cassinos Sportingbet como se registrar no site LibraBet por que 22Bet foi an escolha correcta Betwinner por que Campeonbet foi an escolha correcta
Richardric (not verified)
Metadoro Review
Metadoro Review – Broker Under Scrutiny For Investment Scam INBROKERS REVIEWS, FOREX SCAMSTAG:FOREX SCAM, SCAM REVIEW0 We’ve got ourselves a case here. After emphasizing that offshore brokers are extremely risky time and time again, now’s the time to show you why. Metadoro is a textbook example of this. Without further ado, we’ll start the Metadoro Review and hopefully deter you from investing. On top of that, we seriously recommend you not to invest in the fake brokers Spartan Trade, Trades Universal, and Finotive Funding. Do not trade with these unlicensed brokers if you want to save your money! Broker status: Offshore Broker Regulated by: Unlicensed Scam Brokerage Scammers Websites: metadoro.com Blacklisted as a Scam by: NSSMC Owned by: RHC Investments Headquarters Country: Mauritius Foundation year: 2019 Supported Platforms: MT4 & MT5 Minimum Deposit: 20 USD Cryptocurrencies: Yes – BTC, ETH, ADA… Types of Assets: Forex, Crypto, Indices, Shares, Commodities, ETFs, Bonds Maximum Leverage: 1:500 Free Demo Account: Available Accepts US clients: Yes report a scam. Metadoro Is A Scam Broker? Metadoro is an offshore broker based in Mauritius and allegedly run by the company RHC Investments. This entity is registered with the local regulator, the FSC. That implies that Metadoro is a licensed provider, albeit a questionable one. Namely, the offshore domain that is Mauritius simply requires entities to possess a capital of 25,000-250,000 EUR, depending on the type of license. Metadoro is on the higher end. However, lower-tier jurisdictions aren’t very reliable as brokers have only one condition to meet – they aren’t liable to compensate clients or segregate their funds. They can vanish whenever they like without repercussions. Metadoro is an offshore broker off the coast of Mauritius and is a licensed provider. However, after a warning from the Ukrainian NSSMC and complaints from clients, it’s clear that this is an investment scam. Arguments For Trading With a Tier 1 Licensed Broker As mentioned, regulated offshore brokers have irrelevant licenses most of the time. Instead, you should choose Tier 1 licensed brokers, those approved by the likes of the FCA, ASIC, BaFin, etc. That way, they have to have significantly higher operating capital (i. g. 730,000 GBP), provide clients with negative balance protection, a segregated bank account, a compensation scheme (i. g. 20,000 EUR) and leverage restriction (1:30). Metadoro Was Blacklisted by the Ukrainian Financial Authority NSSMC It seems Metadoro was busted for conducting its wrongdoings. The Ukrainian National Securities and Stock Market Commission flagged this broker as a fraud. That’s a huge red flag in our eyes and reason enough not to trust Metadoro. Check out the warning for yourself: Metadoro Warning From NSSMC Metadoro Software – How Safe Is The Platform? Metadoro Trading Software Metadoro offers both Meta Trader 4 & 5. Could this be the pinnacle of the trap? These two cutting-edge platforms are widely considered the industry’s best with critical acclaim to their names. They provide clients with a range of advanced tools and features such as algorithmic trading, live market reports and various charts. All in all, the platforms are perfect so why did we mention a trap? Because you could get carried away with trading and everything you’ve earned could suddenly disappear. Remember that nothing is stopping Metadoro from simply vanishing with your funds. What Financial Instruments Does Metadoro Include? We have to say, it’s a pretty hefty offer. There’s an abundance of trading assets and instruments. From the classics to the more exotic variants, it’s all there supposedly. Here’s a quick overview, but be careful with it: Forex pairs – EUR/USD, GBP/JPY, CAD/CHF… Indices – US30, AUS200, NIKKEI225… Commodities – coffee & wheat; Energies – crude oil, brent oil, CO2 emission rights… Metals – silver & gold; Stocks – Apple, Tesla, Amazon… ETFs – SPY500, Vanguard VOO & Invesco QQQ; Bonds – Euro-Bund 10Y & Euro-Schatz 2Y; Crypto assets – BTC, ETH, BNB… Where Does Metadoro Engage In Fraud? – Countries Of Service It seems Metadoro has set its fraudulent gaze on a number of countries. This is what we discovered: Italy; Latvia; Romania; Spain; Germany; The Netherlands; The UK. On similarweb.com, we also found out that the activity on the website spiked in November 2022 with 95,000 visits, mostly coming from Mexico and South America. It’s alarming that Metadoro is on a world tour defrauding traders. It’s great that the Ukrainian regulator reacted, but not enough apparently. As well, stay away from the trading scams Vestapros, OpoFinance, and ImportCapital! Furthermore, before investing, always investigate the history of internet trading firms! Metadoro’s Account Types? All we found on Metadoro’s website was a Welcome Account. This resembles a demo account in a way. You get 100 $ and MT4 for seven days to try things out. As for proceeding to open a live account, the shady broker claims you only need 20 $. There’s no doubt that this isn’t your typical offshore scam. Metadoro will allow you to trade and keep investing. After you’ve made some profits, that’s probably when the scammer will show its true face. Metadoro’s Negative Balance Protection Metadoro isn’t regulated by Tier 1 authorities, thus it isn’t obliged to provide clients with negative balance protection in case they’re about to go red. Putting it up there is certainly a clever lure. Traders could easily hit zero since the leverage cap is way too high – 1:500! That’s a double-edged sword that’s disastrous more often than not. Metadoro also claims it doesn’t charge any commissions and fees, which seems too good to be true. Brokers make money from fees & commissions, so why should one renounce them? Unless… The plan is to embezzle some hard-earned money. Metadoro’s Deposit and Withdrawal Policies Metadoro didn’t mention the funding methods on its website. We had to dig elsewhere. It seems that the con artist accepts the traditional payment methods: Credit/debit cards; Wire transfers. The minimum deposit is just 20 $ and, as mentioned. Despite advertising a fee-free business, Metadoro contradicted its claim by saying it can charge deposit fees at its sole discretion. Metadoro’s Terms and Conditions The whole legal section looks legit. However, there are minor discrepancies that do give rise to doubt such as the one about fees that we mentioned above. For that reason, we believe that a more thorough audit could reveal more fraudulent details. Due to the aforementioned warning and several other complaints, we conclude that Metadoro is not trustworthy at all. Metadoro Broker Scammed You? – Please Tell Us Your Story That’s a wrap. Our review is done and we hope you’ve picked up pieces of the truth during your read. If you’re a victim of this terrible hoax, don’t despair. We’re here to tell you about the chargeback methods that could bring you your money back. If you need assistance with it, be sure to give us a call. Also, you could help us bring this scammer down once and for all! What Is the Chargeback Procedure? Credit/debit card transactions can be reversed via chargeback. A chargeback can be requested at the issuing bank within 540 days. Wire transfers can be reversed using a recall, also performed by the bank. A recall is possible if the transaction is incomplete, otherwise, it’s not. If you were scammed by a broker, let us know. What Is Metadoro? Metadoro is an offshore broker based and regulated in Mauritius. It claims to be owned by RHC Investments. Is Metadoro a Scam Broker? Yes. There are numerous complaints and a warning from the Ukrainian regulator that support this claim. Is Metadoro Available in the United States or the UK? Yes. The offshore provider seemingly accepts traders from both the UK and the US. Does Metadoro Offer a Demo Account? Yes. It’s in the form of a “Welcome Account” offered on the website. You get 100 $ to trade for seven days. Get your money back from a scam If you've been ripped off by scammers, get in touch and our team of experts will work to get your money back Name Email Phone Name of Scammer Country Amount of loss in USD Comments / Questions Tell Us What Happened PREVNEXT LEAVE A REPLY Comment* Name* Email* Website Save my name, email, and website in this browser for the next time I comment.
wood pallets for sale
Welcome to Liquidation Pallets Near Me, your premier destination for high-quality pallets for sale! If you're on the lookout for incredible deals and a wide variety of products, you've come to the right place. Our website is dedicated to connecting savvy buyers like you with top-notch pallets sourced from reputable liquidation sources. Step into a world of possibilities as you browse through our extensive collection of pallets, each filled with a treasure trove of products waiting to be discovered. From electronics and appliances to clothing, accessories, and beyond, our diverse range of pallets ensures there's something for everyone. We understand that quality matters, which is why we meticulously inspect every pallet to ensure it meets our high standards. Rest assured that the products you'll find on our website are in excellent condition, ready to be utilized for personal use or to boost your business's inventory. Our user-friendly interface makes it effortless to explore our inventory, with categories and
Fast and Easy Ways to Sell Your House in Colorado
Hey guys, I'm trying to sell my house fast in Colorado and I was wondering if anyone had any tips or suggestions on how to do it quickly and efficiently? I've already tried listing it on some popular real estate websites, but I haven't had much luck yet. I'm considering selling my house for cash, but I'm not sure if that's the right choice. If anyone has any experience with selling a house fast in Colorado, I would love to hear your story. Thanks in advance!
ShannonGroob (not verified)
Metadoro Review
Metadoro Review – Broker Under Scrutiny For Investment Scam INBROKERS REVIEWS, FOREX SCAMSTAG:FOREX SCAM, SCAM REVIEW0 We’ve got ourselves a case here. After emphasizing that offshore brokers are extremely risky time and time again, now’s the time to show you why. Metadoro is a textbook example of this. Without further ado, we’ll start the Metadoro Review and hopefully deter you from investing. On top of that, we seriously recommend you not to invest in the fake brokers Spartan Trade, Trades Universal, and Finotive Funding. Do not trade with these unlicensed brokers if you want to save your money! Broker status: Offshore Broker Regulated by: Unlicensed Scam Brokerage Scammers Websites: metadoro.com Blacklisted as a Scam by: NSSMC Owned by: RHC Investments Headquarters Country: Mauritius Foundation year: 2019 Supported Platforms: MT4 & MT5 Minimum Deposit: 20 USD Cryptocurrencies: Yes – BTC, ETH, ADA… Types of Assets: Forex, Crypto, Indices, Shares, Commodities, ETFs, Bonds Maximum Leverage: 1:500 Free Demo Account: Available Accepts US clients: Yes report a scam. Metadoro Is A Scam Broker? Metadoro is an offshore broker based in Mauritius and allegedly run by the company RHC Investments. This entity is registered with the local regulator, the FSC. That implies that Metadoro is a licensed provider, albeit a questionable one. Namely, the offshore domain that is Mauritius simply requires entities to possess a capital of 25,000-250,000 EUR, depending on the type of license. Metadoro is on the higher end. However, lower-tier jurisdictions aren’t very reliable as brokers have only one condition to meet – they aren’t liable to compensate clients or segregate their funds. They can vanish whenever they like without repercussions. Metadoro is an offshore broker off the coast of Mauritius and is a licensed provider. However, after a warning from the Ukrainian NSSMC and complaints from clients, it’s clear that this is an investment scam. Arguments For Trading With a Tier 1 Licensed Broker As mentioned, regulated offshore brokers have irrelevant licenses most of the time. Instead, you should choose Tier 1 licensed brokers, those approved by the likes of the FCA, ASIC, BaFin, etc. That way, they have to have significantly higher operating capital (i. g. 730,000 GBP), provide clients with negative balance protection, a segregated bank account, a compensation scheme (i. g. 20,000 EUR) and leverage restriction (1:30). Metadoro Was Blacklisted by the Ukrainian Financial Authority NSSMC It seems Metadoro was busted for conducting its wrongdoings. The Ukrainian National Securities and Stock Market Commission flagged this broker as a fraud. That’s a huge red flag in our eyes and reason enough not to trust Metadoro. Check out the warning for yourself: Metadoro Warning From NSSMC Metadoro Software – How Safe Is The Platform? Metadoro Trading Software Metadoro offers both Meta Trader 4 & 5. Could this be the pinnacle of the trap? These two cutting-edge platforms are widely considered the industry’s best with critical acclaim to their names. They provide clients with a range of advanced tools and features such as algorithmic trading, live market reports and various charts. All in all, the platforms are perfect so why did we mention a trap? Because you could get carried away with trading and everything you’ve earned could suddenly disappear. Remember that nothing is stopping Metadoro from simply vanishing with your funds. What Financial Instruments Does Metadoro Include? We have to say, it’s a pretty hefty offer. There’s an abundance of trading assets and instruments. From the classics to the more exotic variants, it’s all there supposedly. Here’s a quick overview, but be careful with it: Forex pairs – EUR/USD, GBP/JPY, CAD/CHF… Indices – US30, AUS200, NIKKEI225… Commodities – coffee & wheat; Energies – crude oil, brent oil, CO2 emission rights… Metals – silver & gold; Stocks – Apple, Tesla, Amazon… ETFs – SPY500, Vanguard VOO & Invesco QQQ; Bonds – Euro-Bund 10Y & Euro-Schatz 2Y; Crypto assets – BTC, ETH, BNB… Where Does Metadoro Engage In Fraud? – Countries Of Service It seems Metadoro has set its fraudulent gaze on a number of countries. This is what we discovered: Italy; Latvia; Romania; Spain; Germany; The Netherlands; The UK. On similarweb.com, we also found out that the activity on the website spiked in November 2022 with 95,000 visits, mostly coming from Mexico and South America. It’s alarming that Metadoro is on a world tour defrauding traders. It’s great that the Ukrainian regulator reacted, but not enough apparently. As well, stay away from the trading scams Vestapros, OpoFinance, and ImportCapital! Furthermore, before investing, always investigate the history of internet trading firms! Metadoro’s Account Types? All we found on Metadoro’s website was a Welcome Account. This resembles a demo account in a way. You get 100 $ and MT4 for seven days to try things out. As for proceeding to open a live account, the shady broker claims you only need 20 $. There’s no doubt that this isn’t your typical offshore scam. Metadoro will allow you to trade and keep investing. After you’ve made some profits, that’s probably when the scammer will show its true face. Metadoro’s Negative Balance Protection Metadoro isn’t regulated by Tier 1 authorities, thus it isn’t obliged to provide clients with negative balance protection in case they’re about to go red. Putting it up there is certainly a clever lure. Traders could easily hit zero since the leverage cap is way too high – 1:500! That’s a double-edged sword that’s disastrous more often than not. Metadoro also claims it doesn’t charge any commissions and fees, which seems too good to be true. Brokers make money from fees & commissions, so why should one renounce them? Unless… The plan is to embezzle some hard-earned money. Metadoro’s Deposit and Withdrawal Policies Metadoro didn’t mention the funding methods on its website. We had to dig elsewhere. It seems that the con artist accepts the traditional payment methods: Credit/debit cards; Wire transfers. The minimum deposit is just 20 $ and, as mentioned. Despite advertising a fee-free business, Metadoro contradicted its claim by saying it can charge deposit fees at its sole discretion. Metadoro’s Terms and Conditions The whole legal section looks legit. However, there are minor discrepancies that do give rise to doubt such as the one about fees that we mentioned above. For that reason, we believe that a more thorough audit could reveal more fraudulent details. Due to the aforementioned warning and several other complaints, we conclude that Metadoro is not trustworthy at all. Metadoro Broker Scammed You? – Please Tell Us Your Story That’s a wrap. Our review is done and we hope you’ve picked up pieces of the truth during your read. If you’re a victim of this terrible hoax, don’t despair. We’re here to tell you about the chargeback methods that could bring you your money back. If you need assistance with it, be sure to give us a call. Also, you could help us bring this scammer down once and for all! What Is the Chargeback Procedure? Credit/debit card transactions can be reversed via chargeback. A chargeback can be requested at the issuing bank within 540 days. Wire transfers can be reversed using a recall, also performed by the bank. A recall is possible if the transaction is incomplete, otherwise, it’s not. If you were scammed by a broker, let us know. What Is Metadoro? Metadoro is an offshore broker based and regulated in Mauritius. It claims to be owned by RHC Investments. Is Metadoro a Scam Broker? Yes. There are numerous complaints and a warning from the Ukrainian regulator that support this claim. Is Metadoro Available in the United States or the UK? Yes. The offshore provider seemingly accepts traders from both the UK and the US. Does Metadoro Offer a Demo Account? Yes. It’s in the form of a “Welcome Account” offered on the website. You get 100 $ to trade for seven days. Get your money back from a scam If you've been ripped off by scammers, get in touch and our team of experts will work to get your money back Name Email Phone Name of Scammer Country Amount of loss in USD Comments / Questions Tell Us What Happened PREVNEXT LEAVE A REPLY Comment* Name* Email* Website Save my name, email, and website in this browser for the next time I comment.
Robertkig (not verified)
Hello writing about price
Ողջույն, ես ուզում էի իմանալ ձեր գինը.
Robertkig (not verified)
Aloha, i am writing about your price for reseller
Прывітанне, я хацеў даведацца Ваш прайс.
The Ultimate Guide To casino slots real money
บาคาร่า หรือ บาคาร่าออนไลน์ การพนันที่ทุกคนสามารถเลือกเข้าใช้บริการได้ทุกแพลตฟอร์ม ไม่ว่าจะเป็น คอมพิวเตอร์ แท็บเล็ต หรือโทรศัพท์มือถือ อีกทั้งระบบ ios และ Android ซึ่งทางเว็บไซต์ของพวกเรานั้นขึ้นชื่อลือชาเรื่องมีระบบที่สเถียร สัญญาณไม่สะดุด ภาพสวยชัดแจ๋ว และยังมีสูตรบาคาร่าAI ที่มีการคำนวณผลที่ถูกต้องสูงสุดถึง 100% ทั้งยัง sa-casino.club ยังนับว่าเป็นหนึ่งในเว็บไซต์พนันอันดับหนึ่งที่เหล่านักพนันนิยมเลือกเข้าใช้บริการ ทดสอบเล่นบาคาร่า กันสูงที่สุด ด้วยความที่ เกมบาคาร่า เป็นเกมเดิมพันที่เล่นง่าย ไม่สลับซับซ้อน รวมทั้งสามารถทำเงินผลกำไรให้กับผู้เล่นได้อย่างเร็ว ซึ่งท่านสามารถ เล่นบาคาร่า ได้ทุกที่ที่ต้องการตามใจอยากได้ตลอด 24 ชั่วโมง โดยที่ไม่ต้องเป็นทุกข์เรื่องทุจริตแต่อย่างใด เพราะเราเป็นเว็บไซต์ใหญ่จ่ายจริง เล่นได้เท่าไหร่ เราจ่ายแค่นั้น ทั้งยังท่านยังสามารถลุ้นรับรางวัลโบนัส และโปรโมชั่นสิทธิพิเศษได้อีกมากมายแบบไม่ยั้งที่นี่ สมัครเล่นบาคาร่า หากว่าท่านพึงพอใจมาเป็นส่วนหนึ่งกับพวกเราหรือ กำลังตามหา เว็บไซต์บาคาร่าเยี่ยมที่สุด เราขอชี้แนะ เว็บไซต์พนันบาคาร่ายอดนิยมลำดับที่หนึ่ง ที่มีการเดิมพันบาคาร่าออนไลน์แบบครบวงจรในเว็บไซต์เดียว อีกทั้งเว็บของพวกเรายังมี สูตรการเล่นบาคาร่า ต่างๆเยอะแยะมาให้ท่านได้ทำเงิน ซึ่งสามารถทำเงินได้จริงจากประสบการณ์เล่นของเหล่าคนเล่นการพนัน ทั้งหลายที่ได้เล่นบนเว็บไซต์ของเรามากกว่า 1 ล้านคน โดยมีกระบวนการ เปิดยูสเล่น เว็บตรง บาคาร่าที่คนเล่นเยอะมากที่สุด ฝากถอนออโต้ คาสิโน SA Game แทงบาคาร่าเว็บไซต์ตรงไม่ผ่านเอเย่นต์ ฝากถอนไม่มีอย่างต่ำ
Need to Sell Your Colorado Home Quick? Check Out How
Hey guys, I'm trying to sell my house fast in Colorado and I was wondering if anyone had any tips or suggestions on how to do it quickly and efficiently? I've already tried listing it on some popular real estate websites, but I haven't had much luck yet. I'm thinking about working with a local real estate agent, but I'm not sure if that's the best option for me. Any advice you have would be greatly appreciated. Thanks in advance!
Robertkig (not verified)
Hello i am write about your price
Hæ, ég vildi vita verð þitt.

Pages

Your comments are loved and appreciated.

Start a Story of Your OwnStart a Story Icon

 

Do us a favor - 
Please take 2 minutes and give us feedback. Thanks!

Story Copyright
10/11/18