I'm not saying this system is fake but this type of systems can only work for a limited period of time on any real account. There's a contradiction in the arbitrage systems' nature - THEY NEED A BUCKET SHOP TYPE OF BROKER, but bucket shops are not stupid. They can detect arbitrage faster than we think and it's only a matter of time for them to block your account. The best scenario is if you've menaged to withdraw your money first, the neutral scenario - they pay the initial investment w/o the profits, the worst - you lose everything.
If the question is whether you can make money with this system - my answer is YES, for a limited period of time.
If the question is if you can make money on a constant basis - my answer is definitely NO.
The hardest thing about arbitrage systems is to find the right broker, it could take weeks, even months but the system could work fine only couple of days before it's detected and blocked. Is it worth it - my answer is NO. Requires too much efforts and time.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
His lastt account was with HotForex and they closed the account after 16 trades or so. Once again he has found a few other brokers but does not disclose them to us or his clients as I know it.
As with Dominic, he had to change the program to get it to work on a few other brokers , but unlike Dominic he has doubled his purchase price
From his account here he appears to be making good profits so perhaps he should stick to making his profits quietly and refraim from attempting to get others to part with $ 4,000 USD for a program that will require more effort to get it to work on brokers until it is finally blocked completely by all brokers.
The system is not a fake. I have had an opportunity to look at it and although I am impressed with what he has done, it will eventually get blocked and then it will go to the trash can like all of Dominics programs.
Those that say it can not be done should leave those that are doing it alone.
PLEASE EVERYONE, STAY AWAY FROM THIS SCAMMER. I GAVE HIM A SMALL ACCOUNT AT FXCM TO MANAGE AND WITHIN ONE DAY HE HAD OVER 40% DRAW DOWN. HIS TRADING STRATEGY WAS COMPLETELY DIFFERENT FROM THE SCALP TRADING HE SHOWS HERE. WHEN I POINTED THIS TO HIM, HE STOPPED COMMUNICATING WITH ME ON SKYPE. MY ADVICE - STAY AWAY FROM THIS RUSSIAN CRIMINAL
1)web site showed demo accounts for display 2)small deposits and history hided 3)frequent change of brokers from 1 account to another 4)sellers commited brokers suspicious 5)sellers doesnt want to give investors password 6)I suspect this is same guy recently one of account history i pointed out showed discrpancy
ONCE AGAIN, MY ADVICE - STAY AWAY FROM THIS RUSSIAN SCAMMER AND CRIMINAL. THE SO CALLED WESTERNPIPS.COM HAS NOTHING TO OFFER. IN ONE DAY, HE LOST OVER 40% OF A SMALL FXCM REAL (NOT DEMO) ACCOUNT HE SAID HE COULD MANAGE. THE TRADE STYLE WAS TOTALLY DIFFERENT ROM THE SCALPING SYSTEM HE OFFERS ON HIS WEBSITE: WWW.WESTERNPIPS.COM. HE DID NOT EVEN BOTHER TO EXPLAIN WHY HE HAD SUCH DRAWDOWN AND TILL DATE DECLINES TO ANSWER ME ON SKYPE. HE STILL HAS THE GUTS TO COME BACK TO THIS FORUM AND TRY TO ADVERTISE HIS SCAM PRODUCTS. PLEASE DO NOT WASTE YOUR TIME TALKLESS OF YOUR MONEY ON WESTERNPIPS - THIS IS A DEN OF CRIMINALS. TAKE IT FROM SOMEONE WHO HAS HAD FIRST HAND EXPERIENCE OF THIS RUSSIAN SCAMMER AND CRIMINAL. I WOULD EVEN DARE HIM TO RESPOND TO MY POSTS ABOUT THIS MATTER.
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