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How to recognize a Forex Scammer ?
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EddyEdgardo

Member Since Aug 21, 2018  11 posts EddyEdgardo Aug 28 2018 at 10:16
It seems like everything is a scam,. Are there any legit traders out there with good history?

Adribaasmet

Member Since Aug 27, 2017  759 posts Adribaasmet Aug 31 2018 at 07:17
EddyEdgardo posted:
It seems like everything is a scam,. Are there any legit traders out there with good history?


Check the strategy section; hope that helps you a lot.

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Aug 31 2018 at 07:23
EddyEdgardo posted:
It seems like everything is a scam,. Are there any legit traders out there with good history?


Not everything, but yes, there are NUMEROUS scams in forex and other investment markets.

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 31 2018 at 13:18
EddyEdgardo posted:
It seems like everything is a scam,. Are there any legit traders out there with good history?


We are trying and we succeed to do a serious job as signal provider with quality signal first and account management after too.

It's a serious job and you can't make promise to do 1'000 % by year, it's only that.

The basic problem is to able to reproduce your(s) performance(s) then to probe that your method is sustainable.

In any case you can't rely on performance on a single account but you have a classic 'bell curve' where a part of your(s) account(s) are losing and the other(s) winning(s). The goal is to place the average median gain with > 0 % first and after with a digit close to 10% to have an interest to do forex instead of real estate...Working on your drawdown for example, minimize your looses ect..

It's a professional work.

Clever and Smart Trading
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Sep 02 2018 at 07:26
And here is yet another one.






All I did is ask the person to validate their account and they blocked me. This is typical of a scammer, because they don't want people questioning their accounts.




Link to page:
https://www.myfxbook.com/members/leo23/febonacci-forex-robot-v-252/2198962

Link to discussion:
https://www.myfxbook.com/community/trading-systems/febonacci-forex-robot-v-252/1503351,20

Link to user profile:
https://www.myfxbook.com/members/leo23


When discovering a scammer, it is important to always down vote them to 1 star, because often you will see they've managed to give their pages a 5 star rating by using multiple fake accounts.

Attachments:

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

Member Since Aug 30, 2018  6 posts Thapelotrader Sep 02 2018 at 07:26
I would like to add some more info here bout the scam Forex brokers that are around. I just felt into one few months ago and lost a lot of money.

The so called account manager start to promise so many things over the phone, and actually they show profits into your account. But it is all scam. By accident I opened another account and noticed that even they manipulated the price shown in the trading account, so my balance 'grows', and they ask for more money.

After that I started looking for information, and found one article called How to recognize the scam brokers. Everything written inside is true, and I hope that many people will read it first, before they lose money. He it is: https://eaforexacademy.com/forums/topic/how-to-recognize-the-scam-brokers/

So with certainty, there are many scammers in this business, but I think the biggest are the brokers.

Searman

Member Since Aug 31, 2018  13 posts Searman Sep 02 2018 at 07:26
This is great one. Thanks @Professional4X Very helpful for those who are about to be trapped due to fake profile. Great job.

KurtSung

Member Since Aug 21, 2018  12 posts Kurt (KurtSung) Sep 03 2018 at 08:37
@Professional4X
How can we recognize if the account validated?
By the way, he has blocked 55 people....such a confusing number

Discipline rules, not emotions.
voketexpert

Member Since Aug 30, 2018  25 posts Voket EA (voketexpert) Sep 04 2018 at 14:01
1, win rate over 60%
2, slight profit taker
3, no trailing stop or even no stop loss
4, '>70% we will make you rich'
5, showing upper lifestyle picture.

Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Adribaasmet

Member Since Aug 27, 2017  759 posts Adribaasmet Nov 27 2018 at 07:27
voketexpert posted:
1, win rate over 60%
2, slight profit taker
3, no trailing stop or even no stop loss
4, '>70% we will make you rich'
5, showing upper lifestyle picture.


Very smart answer! Agree with you. New members should aware of all of these points.

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