AlgoFX Arbi (by Martin_King) Estadísticas rápidas
Ganancia: +456.63%
Drawdown: 0.06%
Pips: 2498.2
Operaciones: 1092
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Tipo: Real
Apalancamiento: 1:200
Trading: Automatizado

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Martin_King

Miembro desde Sep 25, 2017  56 mensajes AlgoFX (Martin_King) Jun 23 at 04:06
bluboy posted:
 I would be curious to know how a system like this would be effective being copied to peoples accounts. as per the speed requirements you would need for it to be successful, I would have thought it would be better to own the EA rather than attempt to copy with the potential lag generated.

Greg


Hi Greg,

It's not general EA for mt4 or mt5, like a lot of other systems.

As I already wrote here, the system is doing arbitrage between banks and feed providers which investors can see on their mt4 accounts, but trades are not done from there. Grinta runs this system using PAMM.

So, this system is not just a software, and it's not for sale and / or rent and can't be copied because of very short trades.

The only way to join is to open real account with Grinta-Invest, provide required docs for KYC and deposit funds. And only after this your account will be connected to the system.

Let Algorithm Trade for You and Get up to 4.5% of ROI a Month
Ignazfx

Miembro desde May 07, 2020  4 mensajes Ignazfx Jun 23 at 07:41
what the minimum someone can despoit

Martin_King

Miembro desde Sep 25, 2017  56 mensajes AlgoFX (Martin_King) Jun 23 at 12:39
Ignazfx posted:
what the minimum someone can despoit


The minimum deposit is 5,000 EUR

Let Algorithm Trade for You and Get up to 4.5% of ROI a Month
Martin_King

Miembro desde Sep 25, 2017  56 mensajes AlgoFX (Martin_King) Jun 24 at 18:54
Hey to all,


I'm getting a lot of PM regarding minimum deposit, so want to clarify it here.

According to the decision of Grinta manager the minimum investment to join the system is 5k EUR for Myfxbook users, but in this case you'll be charged 50% of Performance Fee (PF) for managing your investments, so you'll be earning around 2,5 ROI a month.

Lower investment don't even cover expenses for managing client' investments.

Another option, you are investing as regular client 10k minimum, so you'll be charged 30% of PF and get in average 3,5% of monthly ROI according to the historical results since 2015.

Let Algorithm Trade for You and Get up to 4.5% of ROI a Month
Martin_King

Miembro desde Sep 25, 2017  56 mensajes AlgoFX (Martin_King) Jun 25 at 12:13
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/

Let Algorithm Trade for You and Get up to 4.5% of ROI a Month
tilenmlakar

Miembro desde Jun 26, 2020  3 mensajes tilenmlakar Jun 26 at 06:27
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?

marco_mmbiz

Miembro desde Jul 20, 2019  242 mensajes marco_mmbiz Jun 26 at 09:58
tilenmlakar posted:
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?


The article just says that your funds on Grinta Invest are not safe. This broker has no insurance and is not regulated, because it's registration is on St. Vincent & The Grenadines (their FSA regulator doesn't regulate ICB's like Grinta).

Quotation from the broker's page:

Risk Disclaimer
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD's) is highly speculative, carries a high level of risk and may not be suitable for all investors. Before undertaking any such transactions you should ensure that you fully understand the risks involved and seek independent advice if necessary. Any opinions, news, research, analysis, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. Restricted Regions: Grinta Invest does not provide services for citizens of certain regions, such as The United States, France, Lithuania, North Korea, Iran, Myanmar, Cuba, Sudan and Syria. Your actual trading may result in losses as no trading system is guaranteed. We recommend you seek independent investment advice, regarding trading with financial instruments. Past performance is not an indicator of future performance. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions. Please read carefully our terms and conditions and privacy policy before conducting any trades. The website is operated by GRINTA - INVEST LIMITED, address: Trust Company, Ajeltake Road, Ajeltake Island Majuro MH96960 Marshall Islands and [b]operated by Grinta-Invest Ltd a company incorporated under the laws of Saint Vincent and the Grenadines, with registered number 25498 BC 2019, with the registered address situated at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, St. Vincent and the Grenadines.[/b]

patience is the key
Ignazfx

Miembro desde May 07, 2020  4 mensajes Ignazfx Jun 28 at 16:55 (editado a las Jun 28 at 16:56 )
marco_mmbiz posted:
tilenmlakar posted:
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?


The article just says that your funds on Grinta Invest are not safe. This broker has no insurance and is not regulated, because it's registration is on St. Vincent & The Grenadines (their FSA regulator doesn't regulate ICB's like Grinta).

Quotation from the broker's page:

Risk Disclaimer
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD's) is highly speculative, carries a high level of risk and may not be suitable for all investors. Before undertaking any such transactions you should ensure that you fully understand the risks involved and seek independent advice if necessary. Any opinions, news, research, analysis, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. Restricted Regions: Grinta Invest does not provide services for citizens of certain regions, such as The United States, France, Lithuania, North Korea, Iran, Myanmar, Cuba, Sudan and Syria. Your actual trading may result in losses as no trading system is guaranteed. We recommend you seek independent investment advice, regarding trading with financial instruments. Past performance is not an indicator of future performance. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions. Please read carefully our terms and conditions and privacy policy before conducting any trades. The website is operated by GRINTA - INVEST LIMITED, address: Trust Company, Ajeltake Road, Ajeltake Island Majuro MH96960 Marshall Islands and [b]operated by Grinta-Invest Ltd a company incorporated under the laws of Saint Vincent and the Grenadines, with registered number 25498 BC 2019, with the registered address situated at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, St. Vincent and the Grenadines.[/b]

So its possible to deposit money and never see it again?

marco_mmbiz

Miembro desde Jul 20, 2019  242 mensajes marco_mmbiz Jun 29 at 14:48
Ignazfx posted:
So its possible to deposit money and never see it again?


Yes, it's very possible... although some people might still get some profit, there might also be some people who'll never see a penny again (you know, like a pyramid-scheme).
You'd only test things like this one here if you could afford to lose 10k or more (like when you'd be a millionaire and you could test such brokers/traders just for fun). Otherwise you'd always stay away from unregulated brokers without any regulation in your area.wink

patience is the key
Martin_King

Miembro desde Sep 25, 2017  56 mensajes AlgoFX (Martin_King) Jun 30 at 06:55
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.


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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. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.