RoFx (by rofxnet) Quick Stats
Gain: +199.25%
Drawdown: 0.35%
Pips: 1501169.4
Trades: 104621
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

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RoFx Discussion
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lavee383

Member Since Feb 15, 2019  7 posts lavee383 Sep 10 at 14:34 (edited Sep 10 at 14:54 )
Davidgoliath posted:
Almost all of us here dont like the idea of holding clients investment s for
270 days before first withdrawal,
W.t.frog...
I am right?
Thanks

I agree, I don't like my money being 'locked' either, but in a way, when you think about it, so is your 401k. You can't do anything with it, except roll it over into something else when you get a new job, unless you want to suffer the penalties/tax hit. Having said that, I still agree and don't like it. Because if something happens and I need access to those funds, I can't...unless you take a big hit from RoFX to get it (again much like a 401k). But we've accepted that lock from our 401k and not from a company we send money to. So yeah...I'm right there with you.

Your initial investment is locked for the 270 trading days which is just over a year. However, you are able to withdraw your daily profits. Now me, when I had my grand in to test, I reinvested every trading day until I got up to 1100, then I let it sit for the 30 days until I could withdraw the entire amount, which I did and I got every penny minus the xfer fee of $18. I have several friends who do withdraw their daily profits as they have a much larger investment than I did. The minimum I believe is $1000 to withdraw and they do the xfers in batches.

E Pluribus Unum
lavee383

Member Since Feb 15, 2019  7 posts lavee383 Sep 10 at 15:07
I had a spreadsheet that I updated every day with that day's trade percentage when I had my money in and it tracked pretty much 100%. It was off by a penny or two in my spreadsheet from time to time, but I attributed that to rounding issues.

My buddy has been invested with them for over two years and he hasn't experienced any issues. He has several friends and they also have not had any issues. One of his friends did have a problem getting money out, but that was because he fat-fingered his account information. Once he had that fixed, his funds were transferred.

Their and my experience is why I'm looking to go bigger with investing with them, but like some have raised, the broker and their bank they use (they change from time to time I guess), gives me pause. Hence the reason I'm in here trying to get a better feel from other's experiences.

Also, according to my friend, he said that BoA has partnered with RoFX for funds transfers now. His friend just xfer'd cash using BoA. So there's that.

E Pluribus Unum
GeorgeD

Member Since Sep 10, 2019  1 posts GeorgeD Sep 10 at 15:43
RandallJ posted:
DynScaling posted:
The XxxxxxxY rofx member accounts further illustrate what a scam attempt is here. Here is how they operate. Some myfxbook real members post some doubts about the rofx scam in this forum, so the scam company within hours works to fix the headwind by creating fake myfxbook members to pass on some good vibes to this forum, more precisely you can take a look how the they come fresh right out of the oven with user accounts that are still warm and toasty. Take a good look at the dates:

(a.) Create fake myfxbook member ***Mathew***B***,
>>> Member Since Aug 21, 2019 >>> 1 posts on Aug 21 at 18:04
His pitch: he trades for 20 years, states he will open an account worth 50-100kUSD for trading rofx

(b.) Create fake myfxbook member ***Robert***Stalcup***,
>>> Member Since Aug 26, 2019 >>> 1 posts on Aug 26 at 12:00
His pitch: he's on a VIP package (that would be 10 million USD deposit, only it's not true), saying all good things about rofx

(c.) Create fake myfxbook member ***Randall***J***,
>>> Member Since Sep 05, 2019 >>> 1 posts on Sep 05 at 14:14
His pitch: the funds of 10M USD to be held by www.esterholdings.com , a 'toy/fantasy' unregulaged broker, is not really held by them because you open the account with another broker. WRONG! read the fine print, or simply read what oportunis wrote.

(d.) Create fake myfxbook member ***Joseph***H***,
>>> Member Since 11 hours ago >>> 1 posts 5 hours ago!!
His pitch: he sent his money to SAXO bank, ( only to be held at Ester!!). And since SAXO is his broker, this would mean another 10mUSD.


So after 20mUSD fictitius deposits and some change, misinformation about where your funds would be held, and 5 fake user accounts (if you add that of jan09 too), I believe my contribution to community awareness here is concluded.





I've been Rofx client got almost a year. I monitor trading statistics every day. When I saw your post, I got interested, and I reacted with respect and registered just to reply. I told you and everyone who supported your opinion, about one detail that I suppose you could miss accidentally. To be more specific 'How does rofx deceive clients if a client selects a broker and opens an account in his name?'. I asked only this question, without arguing and especially making anyone believe either that Rofx is cool or scam. To me it was important to get your arguments regarding it. I thought I would get compelling arguments, then I would close my account immediately. In response, when everyone saw that you completely crapped out in your position, you accused everyone whose opinion was different from yours to be frauds, just based on registration date, name or skin color!


I agree with you. Having considered position of both of you carefully, I agree with you. What DS is doing here is most likely a black PR someone paid for.

MelvinM

Member Since Sep 10, 2019  1 posts MelvinM Sep 10 at 18:49 (edited Sep 10 at 19:19 )
Davidgoliath posted:
Almost all of us here dont like the idea of holding clients investment s for
270 days before first withdrawal,
W.t.frog...
I am right?
Thanks


Hi, I’m afraid you’re a bit wrong here. You can withdraw the profit the very next day and every day. I was lucky to get their May offer of no lock-no limit packages where all your money was available for withdrawal at any time, but their fee was much higher sad] every year they have this promotion

KarlBL

Member Since Sep 10, 2019  1 posts KarlBL Sep 11 at 10:23
RandallJ posted:
DynScaling posted:
The XxxxxxxY rofx member accounts further illustrate what a scam attempt is here. Here is how they operate. Some myfxbook real members post some doubts about the rofx scam in this forum, so the scam company within hours works to fix the headwind by creating fake myfxbook members to pass on some good vibes to this forum, more precisely you can take a look how the they come fresh right out of the oven with user accounts that are still warm and toasty. Take a good look at the dates:

(a.) Create fake myfxbook member ***Mathew***B***,
>>> Member Since Aug 21, 2019 >>> 1 posts on Aug 21 at 18:04
His pitch: he trades for 20 years, states he will open an account worth 50-100kUSD for trading rofx

(b.) Create fake myfxbook member ***Robert***Stalcup***,
>>> Member Since Aug 26, 2019 >>> 1 posts on Aug 26 at 12:00
His pitch: he's on a VIP package (that would be 10 million USD deposit, only it's not true), saying all good things about rofx

(c.) Create fake myfxbook member ***Randall***J***,
>>> Member Since Sep 05, 2019 >>> 1 posts on Sep 05 at 14:14
His pitch: the funds of 10M USD to be held by www.esterholdings.com , a 'toy/fantasy' unregulaged broker, is not really held by them because you open the account with another broker. WRONG! read the fine print, or simply read what oportunis wrote.

(d.) Create fake myfxbook member ***Joseph***H***,
>>> Member Since 11 hours ago >>> 1 posts 5 hours ago!!
His pitch: he sent his money to SAXO bank, ( only to be held at Ester!!). And since SAXO is his broker, this would mean another 10mUSD.


So after 20mUSD fictitius deposits and some change, misinformation about where your funds would be held, and 5 fake user accounts (if you add that of jan09 too), I believe my contribution to community awareness here is concluded.





I've been Rofx client got almost a year. I monitor trading statistics every day. When I saw your post, I got interested, and I reacted with respect and registered just to reply. I told you and everyone who supported your opinion, about one detail that I suppose you could miss accidentally. To be more specific 'How does rofx deceive clients if a client selects a broker and opens an account in his name?'. I asked only this question, without arguing and especially making anyone believe either that Rofx is cool or scam. To me it was important to get your arguments regarding it. I thought I would get compelling arguments, then I would close my account immediately. In response, when everyone saw that you completely crapped out in your position, you accused everyone whose opinion was different from yours to be frauds, just based on registration date, name or skin color!


Yes, it’s funny indeed when a person who was pointed out his erroneous position starts blaming everyone for a wrong name or bad English.

LouisParrish

Member Since Sep 11, 2019  4 posts LouisParrish Sep 11 at 13:21
In my opinion, it stands the reason that when you choose any broker in the world that you trust and the funds are in your account (you are the account beneficiary), then there is no single option to be scammed, even theoretically. Even a 5 year kid could see that. And those who say the opposite is obviously engaged in black PR, perhaps paid by someone.

oportunis

Member Since Jun 22, 2013  19 posts oportunis Sep 12 at 06:31
LouisParrish posted:
In my opinion, it stands the reason that when you choose any broker in the world that you trust and the funds are in your account (you are the account beneficiary), then there is no single option to be scammed, even theoretically. Even a 5 year kid could see that. And those who say the opposite is obviously engaged in black PR, perhaps paid by someone.

LOL, you are not a beneficiary if you send money to broker... The broker is... Check your bank transfer details who is the beneficiary... Anyone locking your funds for a fixed period is fishy. Forex is so liquid you can sell positions anytime and no lock out period is needed especcially if they charge a performance fee. This is calculated automatically by algorithm and even if you decide to take all funds out the next day they get paid. Yes, it's logic they want your money for the maximum time, but real MAM/PAM doesn't need lockout period they can charge an early penalty for withdrawing but nobody in the world can hold your funds if you don't want to unless they scam.
And so far none of you showed their myfxbook links of how much profit they made with them... This is not black PR but a warning to uneducated retail investors who don't know what to look for. They will get scammed if nobody warns them. Would you invest 401k if it wasn't regulated? I bet you wouldn't send your life savings into some dogy unknown broker that can disappear anytime they want. If they are so good at trading they can use a better regulated broker with better trading conditions and than I will be the first one to join.

Ask yourselves would you rather invest 10k in EU regulated company or 10k in the Nigerian company? The same is for broker and protection of your hard earned funds...

LouisParrish

Member Since Sep 11, 2019  4 posts LouisParrish Sep 12 at 20:38
oportunis posted:
LouisParrish posted:
In my opinion, it stands the reason that when you choose any broker in the world that you trust and the funds are in your account (you are the account beneficiary), then there is no single option to be scammed, even theoretically. Even a 5 year kid could see that. And those who say the opposite is obviously engaged in black PR, perhaps paid by someone.

LOL, you are not a beneficiary if you send money to broker... The broker is... Check your bank transfer details who is the beneficiary... Anyone locking your funds for a fixed period is fishy. Forex is so liquid you can sell positions anytime and no lock out period is needed especcially if they charge a performance fee. This is calculated automatically by algorithm and even if you decide to take all funds out the next day they get paid. Yes, it's logic they want your money for the maximum time, but real MAM/PAM doesn't need lockout period they can charge an early penalty for withdrawing but nobody in the world can hold your funds if you don't want to unless they scam.
And so far none of you showed their myfxbook links of how much profit they made with them... This is not black PR but a warning to uneducated retail investors who don't know what to look for. They will get scammed if nobody warns them. Would you invest 401k if it wasn't regulated? I bet you wouldn't send your life savings into some dogy unknown broker that can disappear anytime they want. If they are so good at trading they can use a better regulated broker with better trading conditions and than I will be the first one to join.

Ask yourselves would you rather invest 10k in EU regulated company or 10k in the Nigerian company? The same is for broker and protection of your hard earned funds...


Nigeria doesn’t figure into it at all smiley it was you who advertised TOP regulated brokers (ICMarkets, Pepperstone, Tickmill, Axitrader, FXpro, LMAX). and you can open an account with any in your own name and trade with rofx and no one blocks your assets for a single day, money is always available to you and you manage it solely. You should either read their offer carefully (vip PAMM program) or stop posting nonsense here confusing everyone, bcs it’s you who is 'uneducated retail investor” here

DynScaling

Member Since Jul 18, 2011  9 posts DynScaling Sep 12 at 21:38
with freshly newly-created user accounts, 'GeorgeD' and 'LouisParrish' who come rushing to this forum to make post pro-rofx side stories that are unrelated to the point, I will admit that yes I am being paid to write non-positive stuff about rofx. My payer is commonsense.com and no-fake-data-please.net. They have been paying me for many years, indeed, and also keeping me away from scams such as this one.

Guys, once again, refocus please and come back to the real issues. Oportunis has already wasted his time re-explaining for the Nth time, not for you obviously, but for unaware possible victims about the PAM facts.

The other issue that totally destroys rofx credibility is the <<<<<public trade record here at myfxbook>>>>>> , which... If you don't trust me, simply go to the myfxbook public records of rofx, then to 'Advanced Statistics', 'MAE/MFE', selecting 'MAE Vs. Trade Outcome' & 'Pips'. Do you see something wrong? If you don't, still no problem: show it to some one who is in the industry and has experience. They will tell you it is total fantasy. >>>> So how do they pull this off? Well, they don't!!! Ask rather, 'who is the broker behind the reported trades? ' Answer: www.esterholdings.com Who?? Ah, that's the answer. And besides being fishy, they are totally unregulated. Don't believe me? Fine again: Go to their website (google translate please, unless you speak russian) and look at the about section: https://esterholdings.com/ua/about-company/ here you find nice words and flow charts, but look for the facts: it is no-man's-land with them!, no mention of any regulatory body. This is the section where the credible brokers show their cards. Still don't believe me? Fine again, ask someone who has trading experience with brokers and they will tell you the same. The point here is: //co-authored-by-unregulated-broker. Stick to this point, instead misinforming other users, saying stuff like 'but, but, but you can choose your broker', which even that is not completely true fund-wise as Oportunis has explained many times already.

And the best of all once again: not only going with www.esterholdings.com sounds fishy in itself if rofx wants to come to myfxbook, post its public trades to gain credibility, but rofx goes one step beyong in this BS fest: they land 10 million USD there allegedly, in this unregulated broker. How can I explain this again? It's insane! (unregulated broker) = (no way on earth 10 million USD deposit!!) Allegedly rofx does it, for a very good reason of course. Ooops, and did I say 'unregulated'? This means that rofx may well have not 10 million USD but instead '0' real USD deposited there, and no legal entity would ever care that this is a lie (remember, 'unregulated', legal fun fest, no audit by authorities, hell jurisdiction, etc)

So, guys (I mean rofx), stop saying 'but, but, but, listen, you can open with any broker, you're silly, blah, blah' As for anyone else reading this circus and not posting messages (and you are right in not wasting your time doing so!!), please be safe, research and ask experienced people. That's all can suggest.

oportunis

Member Since Jun 22, 2013  19 posts oportunis Sep 13 at 05:33
LouisParrish posted:
oportunis posted:
LouisParrish posted:
In my opinion, it stands the reason that when you choose any broker in the world that you trust and the funds are in your account (you are the account beneficiary), then there is no single option to be scammed, even theoretically. Even a 5 year kid could see that. And those who say the opposite is obviously engaged in black PR, perhaps paid by someone.

LOL, you are not a beneficiary if you send money to broker... The broker is... Check your bank transfer details who is the beneficiary... Anyone locking your funds for a fixed period is fishy. Forex is so liquid you can sell positions anytime and no lock out period is needed especcially if they charge a performance fee. This is calculated automatically by algorithm and even if you decide to take all funds out the next day they get paid. Yes, it's logic they want your money for the maximum time, but real MAM/PAM doesn't need lockout period they can charge an early penalty for withdrawing but nobody in the world can hold your funds if you don't want to unless they scam.
And so far none of you showed their myfxbook links of how much profit they made with them... This is not black PR but a warning to uneducated retail investors who don't know what to look for. They will get scammed if nobody warns them. Would you invest 401k if it wasn't regulated? I bet you wouldn't send your life savings into some dogy unknown broker that can disappear anytime they want. If they are so good at trading they can use a better regulated broker with better trading conditions and than I will be the first one to join.

Ask yourselves would you rather invest 10k in EU regulated company or 10k in the Nigerian company? The same is for broker and protection of your hard earned funds...


Nigeria doesn’t figure into it at all smiley it was you who advertised TOP regulated brokers (ICMarkets, Pepperstone, Tickmill, Axitrader, FXpro, LMAX). and you can open an account with any in your own name and trade with rofx and no one blocks your assets for a single day, money is always available to you and you manage it solely. You should either read their offer carefully (vip PAMM program) or stop posting nonsense here confusing everyone, bcs it’s you who is 'uneducated retail investor” here

Yes, yes everybody has 10 million to invest. Every retail trader has it, so they can open at regulated broker... Show me one client that has verified myfxbook link and trades rofx at regulated broker. Just one please, so we can see it and shut up... Shouldn't be that hard ..

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