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Who else has lost money by Forexringleader

christop
Jul 29 2012 at 11:56
posts 15
$5000 in 8 trades on a managed account by Forexringleader...this must be a record!! Has anyone else had experience from these guys?

rob559
Jul 30 2012 at 00:59
posts 1916
depends on the risk taken

christop
Jul 30 2012 at 06:11
posts 15
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?

James_Bond
Jul 30 2012 at 08:07
posts 556

christop posted:
$5000 in 8 trades on a managed account by Forexringleader...this must be a record!! Has anyone else had experience from these guys?


Is this it? https://www.myfxbook.com/members/Fxringleader/forex-ringleader-professional-money-managers/250584

If so, have you noticed it's a demo account? Moreover, the drawdown is 86% which is definitely not acceptable.

Seekforex
Jul 30 2012 at 11:22
posts 1
I have no experience with these guyes.But I think it is record if it done in 8 trades.

Massur (massur)
Jul 30 2012 at 11:22
posts 23
Damn, excuse me but I can't stop laughing.BUT DIDN'T U SEE IS ON DEMO ? I know many people become bilionaire.......with ..demo accounts....

All EA do not work until proven otherwise on long time . Extreme manual scalping is only a modern form of onanism.
christop
Jul 30 2012 at 13:21
posts 15
Hi OO7,

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%

https://www.forexringleader.com/

https://www.fxringleader.com/


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

christop
Jul 30 2012 at 13:41
posts 15
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.

rob559
Jul 30 2012 at 15:28
posts 1916
crooks are everywhere nowadays

Tiago Dias
tfdias
Jul 30 2012 at 22:16
posts 49
If you want to keep your money safe, trade with safe systems. That is not one of them for sure.

Massur (massur)
Jul 30 2012 at 22:16
posts 23
I think you should report the matter to the competent authorities even if it seems difficult to catch them.

All EA do not work until proven otherwise on long time . Extreme manual scalping is only a modern form of onanism.
James_Bond
Aug 01 2012 at 08:55
posts 556
Did you or your friend heard from them about this matter? Although rare, it is possible they are a genuine firm which had a rough patch.

christop
Aug 07 2012 at 06:13
posts 15
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.

LK Wong
lkwong
Aug 20 2012 at 18:50
posts 71
Ouch, I'm sure it must have really hurt 'your friend'.

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