You are right: the 'dodgy point' is the broker.
Over the past years there have been many 'phenomenal' verified performance results on MyFxBook, but - suspiciously - all of them running at less or non-reputable (i.e. non-mainstream) brokers.
The problem with it is that some 'boiler room' brokers CREATE (i.e. make up) nice performance results just to recruit unsuspecting customers who can watch their PAPER PROFITS grow, until the broker falls off the Earth and gone with all the deposits (and paper profits). In other words: they run a Ponzi scheme, similarly to what Bernie Madoff created.
As mentioned by the 'manager': 'Evolution and its trading is preserved for MAM investors only.' It means that an investor can use only one specific and less reputable broker. Which is suspicious enough already.
Should they be able to show the same results on a separate real account running at an ASIC regulated broker (e.g. ICM, Pepperstone, AxiTrader, etc), then the credibility of this and similar results would be much higher.
The usual respond to this suggestion is: 'We are successful enough and we do not have to prove anything to anybody...'
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