Thats $5000 dollars down to $4.00 ( account blown up) in eight trades Rob....from so called professional money managers! ....Now that takes some skill don't you agree? to blow up an entire account in only eight trades! I don't think even a total noob with out a clue could achieve such a spectacular result...ForexRingLeader should get the dumb ass wooden spoon award for money management....why these guys are not shutdown is beyond me?
Yes that is their myfxbook page. I understand about being it demo and the draw down. I have issue with them linking to the myfxbook page from their main web site and alternate web page see below....What this does is sucker gullible uneducated non traders who are then directed to ringleaders myfxbook page and all they see is profit charts skyrocketing and the statistics below.
Forex Ringleader Professional Money Managers Since 2005 - ForexRingLeader.com Demo (USD), FXPro.com Track Record Verified Trading Privileges Verified HTML CSV PDF InfoStatsGeneral Gain:+1377.0% Abs. Gain:+1377.0%
This how a good friend of mine was suckered into the ForexRingLeader Scam... They parted with $5000 for the “New For 2012” ” Plan 5 V.o.s.s Lite Trial Money Manger Automation Subscription For Any Level Trader looking for a stable Automated Version of our trading system that is 100% Hands Free trading. $1,000 usd Per Month $5000 initial deposit --- 3 weeks and 8 trades later their account was wiped out by trading 3 lots of EURO/USD (simple over-leverage!)...
My aim is to expose these people so they lose their business...happy trading
Hi Massur, It wasn't me I wouldn't touch these guys...they reek of 'SCAM' but they are pulling in many uneducated non traders and give FX Traders and Legit money managers a bad name! After they stole client money they would not reply to emails and ceased contact.
Hi James yes the client did hear back from them and told them that as they were new their 'system' still had a few bugs in it that needed to be straighten out! FXRingleader then wrote that they had now fixed those bugs and would be happy to connect the client to the new system in about 30days when they have ironed out all the bugs! for another $5000 grand I might add!....Its too bad that these people took peoples money in order to test their system... Once again they flatly refused to offer them any of the $5000 back.
So here we have a company that falsifies claims saying they will never blow up a clients account...etc etc and these guys do it in less then 3 weeks...and then they admit to their system having bugs and problems but will not refund money even though this was for their level five fully managed account.
Of course they have no contact numbers, only via messenger/skype and email... and no fixed address as they are probably two 19 years olds operating out of their moms kitchen....Looking at their web site they have a 'stock' photo up as their trading room which can be purchased from an Internet photo stock company.
So Please we need to take ForexRingleader off this site and officially name them as a SCAM company.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.