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Luca Account (By MindTrader )

Gain : +820.74%
Drawdown 0.06%
Pips: 3213.2
Trades 1429
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

Luca Account Discussion

MindTrader (Mindstraders)
Jun 16 2020 at 08:27
41 posts
Want to publish here the whole article from FPA to make sure that everyone will be able to read it and draw own conclusions.

'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/

Don’t worry about failure. Worry about the chances you miss when you don’t even try.
jordanErdan
Jun 18 2020 at 12:36
2 posts
Great results here

how can I join?

You can approach the market with ease and confidence while never taking anything personally.
MindTrader (Mindstraders)
Jun 19 2020 at 12:40
41 posts
Hi @jordanErdan ,


In order to join this system you need to open an arbitrage managed account with Grinta-Invest.

You can email directly to them at support@grinta-invest.com and get all the info about the procedure.

Don’t worry about failure. Worry about the chances you miss when you don’t even try.
cr4ptotrader
Jun 22 2020 at 12:57
1 posts
Hi Luca,

Best wishes from Germany!

I looked at your system and found it very interested. As I'm quite new in this site and don't know all the features yet, can you provide a little more info, such as:
- On which broker can it be run?
- Where I can see trades?
- How to join?
- What are fees, risk, minimum deposit, etc...?

I am seeking a Forex managed account to invest, so maybe this one will be good for me.

Have a good day!

MindTrader (Mindstraders)
Jun 24 2020 at 04:29
41 posts
Hello @cr4ptotrader ,

this system was developed by Grinta-Invest team and can be run only with them.

You can see all the stats on my portfolio. In order to see trading history scroll down to Trading Activity and click on History tab (see the attached picture). You'll see there all the trades from my MT4 account (currently there are 1163 trades)


In order to join this system you need to open arbitrage managed account with Grinta.

About current fees and all the rest, you'd better check with the broker as I opened account with them 4 years ago and everything could be different. In my case min. deposit was 10k and I'm paying 30% from my profit for managing my investments. You can email them at support@grinta-invest.com to get all the info.

Regards
 

Attachments:


Don’t worry about failure. Worry about the chances you miss when you don’t even try.
Bill_UK (bitnamefxd)
Jun 24 2020 at 09:15
29 posts
Avg. Trade Length: 6 seconds

Prohibition and violation of rules by any legal regulator, method of trading - Arbitration

An honest broker will never allow you to trade like this, and withdraw money after such trading.
Because it's a fraud with quotes ...

Bill_UK (bitnamefxd)
Jun 24 2020 at 09:19
29 posts
All these reviews in several topics from the broker Grinta-Invest, fake!
Some users can write good reviews about this scam.
Don't be lazy
use the Google search engine, and you will have all the information with evidence about these scammers,
hundreds of pages of information ... Be careful

MindTrader (Mindstraders)
Jun 24 2020 at 10:00
41 posts
I've replied about regulation and the system several time already.

Mindstraders posted:
- It's not my system, I'm just using it as a client on arbitrage managed account. 30% of performance fee is being charged from my profit for using it.

- As I know, the system is not for sale and/or for copy.

- I'm not affiliate of Grinta-Invest and don't get any commission or other benefits for bringing new clients.

- Grinta-Invest is NOT REGULATED BROKER.

- Yes, Grinta is paying.

- I earned and withdrawn more, than invested. All the stats are published here, and I'm not going to share proofs of payment and my other private info.

- In my case minimum deposit to join the system was 10,000 EUR, but current conditions I don't know.




Don’t worry about failure. Worry about the chances you miss when you don’t even try.
MindTrader (Mindstraders)
Jun 24 2020 at 10:06
41 posts
And regarding reviews about any broker, I recommend to check reliable websites like Myfxbook and Forex Peace Army where the reviews are being moderated.

You can refer to the links below to check client's reviews about Grinta:

https://www.forexpeacearmy.com/forex-reviews/12682/grinta-invest-forex-brokers

https://www.myfxbook.com/reviews/brokers/grinta-invest/1069316,1

Don’t worry about failure. Worry about the chances you miss when you don’t even try.
MindTrader (Mindstraders)
Jun 24 2020 at 11:12
41 posts
Did quick research about @bitnamefxd and @Nikols77 users. Looks like it's the same person with different names who is here to spam and blackmail other user by posting bad comments about everyone all around myfxbook.

@bitnamefxd registered on Myfxbook just 1 hour ago


For that time published 5 bad posts in recent discussions about the systems




And @Nikols77 registered 20 min ago



And in 2 minutes after registering posted 2 comments in this discussion





Wish you all the best and hope you'll find something really useful on this great website

Attachments:


Don’t worry about failure. Worry about the chances you miss when you don’t even try.
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