*Arbitrage Expert Advisor Scam*
Another Email pops up today that is advertising another phantom Metatrader Robot(EA).
The email was straight to the point... 'Look, real account, real results, investor password. Enjoy.' And, honestly, what else can we ask for, right? Well an honest FX broker is #1 to start off with.. But, go on. continue to read.
server port: 184.108.40.206:443 --- Later known as FXCH-- below is one comment on this broker
''FXCH is using a different price compared to the other brokers. When FXCH is using f.e. a price for the EURUSD of 1.816 then the other brokers are using a price of 1.800. The difference of 16 pips are to your disadvantage.
WARNING. Be very careful.'' quoted from (http://www.earnforex.com/forex-brokers/FXCH
Ok, back to the Email information that I received today.
I logged in, looked at a few trades,
1.) Trade closed within 1 minute for 1 pip
2.) Trade closed within 1 minute for 1 pip loss
It didn't take more than a few seconds to see where this was going. The best part is the spreads offered by this broker FXCH -
1 pip FIXED spreads on ALL PAIRS. Don't believe me? Look at the attachment.
As i was trying to figure out what broker offers the 1 pip fixed spreads, I had to google the server port # and this is when this website popped up in the search;http://www.fxirobot.com/
I looked a little closer and sure enough, I saw the login details for this same account that was in the email that was sent to me today.
If you have been on this site for longer than 1 year , then this name should ring a bell : Dominic
For others that do not know this man, he built an Arbitrage Expert Advisor
Is this legit? HELL NO.
More to come............
P.S. if anyone can be so very kind to add the discussions from previous Dominic discussion, that would be fabulous.