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How to recognize a Forex Scammer ?
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togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Aug 06 2018 at 11:30
Professional4X posted:
They often show unrealistic gains with very little Draw Down.

For example:



Here's the link to the discussion on the above example.

https://www.myfxbook.com/community/trading-systems/arbitragefastscalper/1479797,1


Another example would be as follows:



And also...



And here is the link to the discussion on the above example.

https://www.myfxbook.com/community/trading-systems/goodmoney/1579642,4


Quite often a scammer will try to pass off a DEMO account as a LIVE account, but they will not be able to validate the account.
When pressed for the reason as to why they are unable to verify the account, they will typically use an excuse such as 'Oh I contacted myfxbook because there is a problem with their website....'







And such results always come on strange unknown or scam brokers

I like what I trade, I trade what I like
My7book

Member Since Aug 06, 2018  13 posts My7book Aug 06 2018 at 12:29
Very helpful answer. Thanks @Professional4X for your precious time to show us what scam profile looks like.

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Aug 06 2018 at 20:11
Here is another one....




Link to discussion.
https://www.myfxbook.com/community/trading-systems/gdow/1136845,7
Attachments:

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Aug 06 2018 at 20:16 (edited Aug 06 2018 at 20:19 )
Attachments:

If it looks too good to be true, it's probably a scam! Let the buyer beware.
thirdbrainsa

Member Since Jan 28, 2013  43 posts ThirdBrainFx (thirdbrainsa) Aug 12 2018 at 05:38
Thanks a lot @Professional4X for this very helpfull advices for the community here.

I am seeing a lot of ads and bullshit about Forex account. A lot of people are just killing the credit people may have on this.

With this ads full of bullshit, they are only giving an image very bad of the subject.

Yes, Forex is a huge option to gain money with your money.

Not really to become 'rich' but to have additionnal income coming but you need to be serious and understand first money management.

You can't live with a drawdown of 90% which means that your performance is an only a question of luck and your account will go down at the next bad trades.

A lot of traders are only showing their profitable account but hide when they lost..

Same thing with the +1500% account but not the 10 account losing 50%...


Clever and Smart Trading
CarlosMZ

Member Since Apr 07, 2015  55 posts Carlos (CarlosMZ) Aug 14 2018 at 10:27
Great work @Professional4X
I personally do not feel any compassion for anyone that gets scammed by such schemes because IMHO
it's Darwin's theory of evolution in play here. Anyone with half a brain who was smart enough to find this community and wanting to start investing in forex should (in theory) at least be able to do their own research and see the huge red signs a mile away.
If a person is gullible enough to get scammed by the likes of what you've shared above deserves to have their money taken away from them.
/rant over/
sorry.

nick3232

Member Since Jan 03, 2018  137 posts nick3232 Aug 14 2018 at 14:12
thanks ,nice awakening

ForexScreamer

Member Since Jun 13, 2017  49 posts Pentz Consulting (ForexScreamer) Aug 15 2018 at 07:07
CarlosMZ posted:
Great work @Professional4X
I personally do not feel any compassion for anyone that gets scammed by such schemes because IMHO
it's Darwin's theory of evolution in play here. Anyone with half a brain who was smart enough to find this community and wanting to start investing in forex should (in theory) at least be able to do their own research and see the huge red signs a mile away.
If a person is gullible enough to get scammed by the likes of what you've shared above deserves to have their money taken away from them.
/rant over/
sorry.


EVERYONE was a newbie at some point. All you're doing is trying to show off how smart you are, make yourself feel better.

LongVision

Member Since Apr 06, 2018  224 posts LongVision Aug 15 2018 at 07:16
Professional4X posted:
Here is another one....




Link to discussion.
https://www.myfxbook.com/community/trading-systems/gdow/1136845,7

This account is fully verified and this is a PAMM account with offshore and unknown broker accentforex it can be scam if accentforex broker manipulate trade history of this account.

The market will trade through it’s path of least resistance .
thirdbrainsa

Member Since Jan 28, 2013  43 posts ThirdBrainFx (thirdbrainsa) Aug 15 2018 at 07:57
LongVision posted:
Professional4X posted:
Here is another one....




Link to discussion.
https://www.myfxbook.com/community/trading-systems/gdow/1136845,7

This account is fully verified and this is a PAMM account with offshore and unknown broker accentforex it can be scam if accentforex broker manipulate trade history of this account.


By Default, Brokers can manipulate what they want. If you have access to the MT4 servers (it was a 100'000 USD licence - don't know now), you can produce the stats you want...

Clever and Smart Trading
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