ShareAlgoFX Arbi (by Martin_King) Quick Stats
|
|
|
AlgoFX Arbi Discussion
| Subscribe to this topic | Previous 1 2 3 4 5 6 7 Next |
|
Member Since Sep 25, 2017 42 posts
AlgoFX (Martin_King)
Jul 14 at 04:30
I'm not a technical specialist, but as I know it's impossible to place trading results to MT4 history.
I meant that trades are been performed directly with banks and LPs and are reflected on MT4 accounts of every user connected to the system. Let Algorithm Trade for You and Get up to 4.5% of ROI a Month |
|
|
Member Since Feb 22, 2011 4753 posts
vontogr (togr)
Jul 14 at 07:06
Martin_King posted:
I'm not a technical specialist, but as I know it's impossible to place trading results to MT4 history. I meant that trades are been performed directly with banks and LPs and are reflected on MT4 accounts of every user connected to the system. When you trade with mt4 you can't chose where is the trade executed at which bank or other liquidity provider. I trade what I like. I like what I trade. |
|
|
Member Since May 08, 2020 1 posts
xoldalin
Jul 14 at 07:49
Martin_King posted:
tilenmlakar posted: Martin_King posted: And regarding regulation, found here a good article. Hope it may be useful to those traders, who think that they are safe with regulated broker. 'There have been several recent posts with either the thread's OP or other readers falsely assuming that a company mentioning that they are 'registered', 'regulated', et. al. by St Vincent and the Grenadines Financial Services Authority (SVG FSA or SVGFSA) implies some regulatory safeguards. So this article is to explain quite bluntly that SVG FSA has not and currently does not provide any regulation for forex, binary options, or crypto-currency service providers. This includes brokers, signal providers, and technology providers. Just because there is no regulation, does not necessarily prevent a company from offering those services. It depends on the region. It just means that if there is no no regulatory oversight, then there is no recourse via that region's regulatory authority should a transaction turn out to have adverse outcome. So basically it is no different than having a private agreement between you and the company. If you are ok with that, then caveat emptor my dear reader. My understanding of financial markets (particularly off-exchange markets) is that most regions do have some regulatory oversight. This can include: mandatory registration into a regulatory database, minimum capital requirements, post trade statistics reporting, segregation of client funds from other firm assets, fiduciary responsibility to honor deposits/withdrawals timely, electronic surveillance of order flow, other rules deemed necessary to protect the larger public. These rules are put in place mainly due to the systemic risk that can spread to the larger society should large losses or loss of confidence occur in certain capital markets. Another important note. There are other ways that service providers use 'regulation' to try to trick people into thinking their services are more credible. So even the regulated are often fooled as they often only use very basic metrics to judge a broker's performance (spreads, leverage) and overlook other aspects of evaluating a broker's 'true' business model. Those details are for another article. In the mean time, you can read this report on Prime of Prime service evaluation to get a basic idea of how the different brokerage Tiers work. With that said, I will quote/attach the proof directly from the horses mouth (SVG FSA and the Financial Intelligence Unit--FIU): [[2019 March 29]...The FSA does not issue any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities. IBCs incorporated in St. Vincent and the Grenadines are authorized to engage in any business activity without approval from the FSA, except where the proposed business activity relates to banking, insurance or mutual fund businesses. Banking, insurance and mutual fund businesses are licensed activities. FOREX or Brokers Trading licenses are not issued by any authority in St. Vincent and the Grenadines.... [2019 June 15]...The Authorities in St. Vincent and the Grenadines are aware of the recent growing international trend of Forex Trading and Cryptocurrency. It is advised however, that there is no regulation in place for Foreign Exchange (Forex) Trading and Cryptocurrency offerings in St. Vincent and the Grenadines. Furthermore, no Forex Trading or Cryptocurrency licenses are issued in St. Vincent and the Grenadines. These are speculative investments with considerable risks to the investor. Members of the public are urged to exercise caution before engaging in any Forex Trading activities or accepting Cryptocurrency offerings....' Please, use this link to read the original article https://www.forexpeacearmy.com/community/threads/regulators-svg-fsa-does-not-regulate-fx-binary-options-or-cryptocurrencies.63298/ Hi, Just read this article but didn't found an answer for the question I have. Does the regulation means that the government will compensate my money, deposited to regulated broker, if it don't allow to withdraw it? Or how it works in general? Hi to all, just want to clarify a little what regulation means. Lets take FCA regulation as an example. The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the UK. The FCA, as any other regulator, DO NOT INVESTIGATE INDIVIDUAL COMPLAINTS, but the financial firms they regulate must have a procedure in place for resolving disputes with their customers. These firms must also respond to you within set deadlines. So, if the client is unhappy with a financial product or service of the broker regulated by FCA, the FCA recommends the next steps: Step 1: Contact the firm (broker) directly Step 2: Make the complaint yourself directly to a firm Step 3: Contact the Financial Ombudsman Service Step 4: Take the matter to court You can use this link to check more about this issue: https://www.fca.org.uk/consumers/how-complain And regarding compensation from the FCA, the client can be entitled to compensation ONLY IF YOU ARE OWED MONEY BY A FINANCIAL FIRM (IN OUR CASE IT'S A FX BROKER) THAT GOES BUST. As per the FCA rules, the Financial Services Compensation Scheme (FSCS) WILL NOT PAY compensation to a client when a firm (Broker) is still trading and may have the means to pay any claims made against it. You can check the following link to the FCA official website to read more about it: https://www.fca.org.uk/consumers/claim-compensation-firm-fails As you can see here, it's not so easy (and in some cases almost impossible) to get compensation from the FCA if you are unhappy with a financial product or service of the regulated broker. Very useful information, thanks. And what about other regulators? All of them have the same rules? |
|
|
|
Member Since Feb 22, 2011 4753 posts
vontogr (togr)
Jul 14 at 09:35
togr posted:
Martin_King posted: I'm not a technical specialist, but as I know it's impossible to place trading results to MT4 history. I meant that trades are been performed directly with banks and LPs and are reflected on MT4 accounts of every user connected to the system. When you trade with mt4 you can't chose where is the trade executed at which bank or other liquidity provider. So where are all those satisfied clients of you? Why nobody drops by and show his great results? I trade what I like. I like what I trade. |
|
|
|
Member Since Sep 25, 2017 42 posts
AlgoFX (Martin_King)
Jul 15 at 09:17
togr posted:
So where are all those satisfied clients of you? Why nobody drops by and show his great results? Most of our clients are investors and are not seeking interactions across different forums. But on Myfxbook there are a lot of accounts connected to the arbitrage system. Please, find below the links to some of them: https://www.myfxbook.com/members/Grinta/arbitrage-trading-eur/5867769 https://www.myfxbook.com/members/Dokterpi/rosalie2/2236283 https://www.myfxbook.com/members/ElPulga10/arbitrage-trading/3323509 https://www.myfxbook.com/members/Mindstraders/luca-account/5874895 https://www.myfxbook.com/members/ptaah/ptaah2012/3456252 https://www.myfxbook.com/members/koenta/sleeping-profit/1992545 https://www.myfxbook.com/members/Strejdo/long-time-investment/3681676 https://www.myfxbook.com/members/leonscheffel/automatischbeleggen/3602246 Let Algorithm Trade for You and Get up to 4.5% of ROI a Month |
|
|
|
Member Since Sep 25, 2017 42 posts
AlgoFX (Martin_King)
Jul 15 at 09:26
xoldalin posted:
Martin_King posted: Hi to all, just want to clarify a little what regulation means. Lets take FCA regulation as an example. The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the UK. The FCA, as any other regulator, DO NOT INVESTIGATE INDIVIDUAL COMPLAINTS, but the financial firms they regulate must have a procedure in place for resolving disputes with their customers. These firms must also respond to you within set deadlines. So, if the client is unhappy with a financial product or service of the broker regulated by FCA, the FCA recommends the next steps: Step 1: Contact the firm (broker) directly Step 2: Make the complaint yourself directly to a firm Step 3: Contact the Financial Ombudsman Service Step 4: Take the matter to court You can use this link to check more about this issue: https://www.fca.org.uk/consumers/how-complain And regarding compensation from the FCA, the client can be entitled to compensation ONLY IF YOU ARE OWED MONEY BY A FINANCIAL FIRM (IN OUR CASE IT'S A FX BROKER) THAT GOES BUST. As per the FCA rules, the Financial Services Compensation Scheme (FSCS) WILL NOT PAY compensation to a client when a firm (Broker) is still trading and may have the means to pay any claims made against it. You can check the following link to the FCA official website to read more about it: https://www.fca.org.uk/consumers/claim-compensation-firm-fails As you can see here, it's not so easy (and in some cases almost impossible) to get compensation from the FCA if you are unhappy with a financial product or service of the regulated broker. Very useful information, thanks. And what about other regulators? All of them have the same rules? There are too many regulators in the world, so don't know about all of them. Found here the list: https://www.babypips.com/tools/forex-regulation I checked about CySEC regulation rules and the procedure is almost the same. You can use the following link to check more: https://www.cysec.gov.cy/en-GB/complaints/tae/information/ Guess that all the regulation rules are very similar. Let Algorithm Trade for You and Get up to 4.5% of ROI a Month |
|
|
|
Member Since Jun 26, 2020 3 posts
Rahul12
Jul 21 at 03:07
Hello sir I would like to copy your trades...
Can you let me know how to do that.. and what are the charges? |
|
|
|
Member Since Feb 22, 2011 4753 posts
vontogr (togr)
Jul 21 at 07:01
Rahul12 posted:
Hello sir I would like to copy your trades... Can you let me know how to do that.. and what are the charges? man, read some reviews first and fon't be greedy Dec 1, 2019 - 1 Star As rarely somebody agrees to speculate on the stock exchange, Grinta - Invest (registered with the in the Marshall Islands, payment services are provided by UK-based Grinta Holdings Limited (?-It doesn't exist anymore)) has opted for a long-term, insidious scheme of victims seduction. Offered very attractive, 'safe' money investing. The victims are hunted by Ruslan Krug, a manager of FinTech, a firm affiliated with Grinta. Claims that deposit is insured when you say it's not a deposit – they fudge. Offers up to 5% profit per month. They take 30% profit, leaving the depositor 70%. The initial contribution is small, but condition is to provide at least EUR 10000 or Dollar after one year. How does it work? They claim that the robot (algorithm) follows the exchange rates in banks. Because it does not happen simultaneously, the algorithm performs a buy-sell operation and generates income a few to several tens of euros in seconds. Using the MetaTrader4 platform, it is now clear that it is Demo version. So, in reality, nothing happens and but the customer is happy with an ostensibly growing contribution. I emphasize that the 'trade' field of the platform remains empty, just you follow the 'account history' field. Constantly calling for an increase in contribution, offers bonuses, bonuses for new donations, new customers. They let take some money, as it is easier because it facilitates the temptation of new victims. Grinta-Invest is possibly also engaged in legal activities, but only as a cover for machinations. 'Harvesting' started on 09-08-2019 sufficient casualties have occurred, vacation time, all relaxed, and the foreign exchange market has formed in their favorable situation. A couple of weeks ago, women were constantly calling from Grinta-Invest, obsessively persuading to increase the deposit by at least € 5000 offered a 100% bonus. Claiming that they coming to market soon, they announced that the robot will continue to carry out transactions. If accounts will be less than € 50000, they will be combined into blocks. 'Robot' (Ruslan Krug or Maksim Pavlov) opened trades, including 5 apparently desperate transactions to buy S. African rand at USD and EUR when the exchange rate is reached maximum. Currency pairs are chosen purposefully as they are applied to them highest spread and swap. By holding the deal longer, can 'Eat' the bill, and the transactions were kept for 3 months and longer until the accounts were empty. The victims could only watch the situation and were told there was nothing can be done, it is suggested that you take the trade yourself, that is, to take responsibility for the consequences themselves. As the trading platform is demonstrative, no funds to market was made and Grinta-Invest took the victims' money. I lost 14000 €, son -25000 €. Only in Lithuania there are dozens, maybe hundreds or more, of victims. Tthieves triumphs, their catch is a million I trade what I like. I like what I trade. |
|
|
|
Member Since Sep 25, 2017 42 posts
AlgoFX (Martin_King)
Jul 21 at 13:38
Let Algorithm Trade for You and Get up to 4.5% of ROI a Month |
|
|
|
Member Since Jun 26, 2020 3 posts
Rahul12
Jul 21 at 13:55
Hello sir
@Martin_King is there any other way or by any chance I can copy your trades.. My email id: saha.rahul12@gmail.com Will be waiting for some positive reply from you Thank you sir for finding time to reply Thanks a lot sir.. |
| Subscribe to this topic | Previous 1 2 3 4 5 6 7 Next |
