To use chat, please login.
Back to contacts

FX VIP club

F1Maniac (F1Maniac)
Jul 08 2014 at 23:53
7 posts
hey guys,

I have just looking at this system here. recently I've put in some money into their program. But i realise i am already in 18% DD.
 https://www.myfxbook.com/members/FXTradersAccount/forex-traders-account/944748/ivD0JFIelKVClA88Acsg

but according to myfxbook the max DD is still showing as 10 something %. Do we know how myfxbook calculates the value in DD? Can some hide their DD if they dont constantly refresh it?

Also I've checked the Trading Systems page but this doesnt seem to have a discussion page so i am posting here instead. Mods please move if required.

ramsey (ramsey)
Jul 18 2014 at 07:16
22 posts
hello Vikrem,
I wonder what is happening with your account now? I looked at this program and seems quite good, but do you say its fake?
Best regards,
Ram

F1Maniac (F1Maniac)
Jul 18 2014 at 12:49
7 posts
heya, i had a DD of 33% and have revoked their LPOA with them as I was getting a standard template reply. additionally this DD is not reflected on their account here in myfxbook. It also happens i wasnt the only one experiencing this an others who've invested have chosen to exit the program.

I went through the trouble of finding out how they can operate multiple accounts differently under a same program from the broker and hence i decided that it was enough, i am not sure if its fake and if so how they've managed to show such a good long run with a reputable broker such as synerygyFX

savantfx
Jul 18 2014 at 19:29
101 posts
My guess is they have a mt4 server and changed the e of their broker to fx synergy. Drawdowns should not cross 20% if they are good traders. So, by looking at your statement, this is a scam. It would be good for you to report to myfxbook staff, so they can check it. Use the contact us below.

Okay a bit to tell you. I provide a signal service. I offer a 5 day free trial, guaranteed drawdowns to never be more than 20%. You will be setting the max drawdown in the receiver EA. Please read my website for more details savantfx . com

F1Maniac (F1Maniac)
Jul 18 2014 at 21:11
7 posts
savantfx, thanks for your suggestion. I did already ask the staff here but like its not they want to get into. the following is what I got

Hello F1Maniac,

Our verification only goes to show you that the data we show is identical
to the data in the trading account (the data fetched directly from the broker).
It is possible (in theory) to buy your own MT4 server and edit the trading
history - there is no way to verify such a scenario.


Thanks,
Ethan,
Myfxbook support.

savantfx
Jul 19 2014 at 11:48
101 posts
There were discussions about this on donnaforex, and this is not the first time they do it. They have the mt4 server license, so stay away.

ramsey (ramsey)
Jul 19 2014 at 11:52
22 posts
hello, I think this should really be reported to the Australian authorities because it sounds like a classic broker-side scam, where the broker is keeping the account 'in-house' whilst knowing the trading will cause loss it can simply keep the deposit aside and keep/steal whatever is lost before the client asks for it back, if anything left.

regards

thedoctor
Jul 26 2014 at 06:05
68 posts
F1Maniac posted:
heya, i had a DD of 33% and have revoked their LPOA with them as I was getting a standard template reply. additionally this DD is not reflected on their account here in myfxbook. It also happens i wasnt the only one experiencing this an others who've invested have chosen to exit the program.

I went through the trouble of finding out how they can operate multiple accounts differently under a same program from the broker and hence i decided that it was enough, i am not sure if its fake and if so how they've managed to show such a good long run with a reputable broker such as synerygyFX


that was a fake account, not first time :), some ppl from inside revealed to me.

still remember the downfall on ichiscalper last year. but anyway, synergyfx didn't says this is real account on their side. too many scams around too good to be true :).

alexlowrisk (alexlowrisk)
Aug 15 2014 at 14:07
80 posts
I wrote them to have some info, they don't manage account at Synergy but at Tallinex they said. The fact that they show a different broker is suspicious, also the page of performance is not present in their main page in myfxbook. We can have another example of mystification of datafeed to scam..... Damn ! Another scammer!

Be an investor, not a gambler!
F1Maniac (F1Maniac)
Aug 15 2014 at 22:09
7 posts
definitely scam, my 2cents to anyone who thinks about investing with them, dont and save yourself some headache.

Please login to comment .