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Luca Account (By forex_trader_[1397303] )

Lietotājs ir dzēsis šo sistēmu.

Diskusija

AlgoFX
forex_trader_[462396]
Jun 24 2020 at 18:58
56 ieraksti
Mindstraders posted:
Want to publish here the whole article from FPA to make sure that everyone will be able to read it and draw own conclusions.

'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/


Very useful article about regulation.

Recommend to read for all traders

AlgoFX
forex_trader_[462396]
Jun 24 2020 at 19:00
56 ieraksti
Mindstraders posted:
Hello @cr4ptotrader ,

this system was developed by Grinta-Invest team and can be run only with them.

You can see all the stats on my portfolio. In order to see trading history scroll down to Trading Activity and click on History tab (see the attached picture). You'll see there all the trades from my MT4 account (currently there are 1163 trades)


In order to join this system you need to open arbitrage managed account with Grinta.

About current fees and all the rest, you'd better check with the broker as I opened account with them 4 years ago and everything could be different. In my case min. deposit was 10k and I'm paying 30% from my profit for managing my investments. You can email them at support@grinta-invest.com to get all the info.

Regards
 


The same here.

If you are interested in managed account, PM me for more info

AlgoFX
forex_trader_[462396]
Jun 24 2020 at 19:03
56 ieraksti
Mindstraders posted:
Did quick research about @bitnamefxd and @Nikols77 users. Looks like it's the same person with different names who is here to spam and blackmail other user by posting bad comments about everyone all around myfxbook.

@bitnamefxd registered on Myfxbook just 1 hour ago


For that time published 5 bad posts in recent discussions about the systems




And @Nikols77 registered 20 min ago



And in 2 minutes after registering posted 2 comments in this discussion





Wish you all the best and hope you'll find something really useful on this great website


100% AGREE!

Got the same posts on my system discussion.


forex_trader_[1538521]
Jun 24 2020 at 21:46
2 ieraksti
All those accounts saying grinta-invest works are from their own team, please do not fall for these. Do your own research on google, do you really believe this Ponzi scheme? They have no regulation, it's a offshore broker, I know people who have lost thousands with this and you will see it's true if you do your own research. Don't believe everything you see on internet

MindTrader
forex_trader_[1397303]
Jun 25 2020 at 05:51
41 ieraksti
Want to post this again here

Mindstraders posted:
I've replied about regulation and the system several time already.

Mindstraders posted:
- It's not my system, I'm just using it as a client on arbitrage managed account. 30% of performance fee is being charged from my profit for using it.

- As I know, the system is not for sale and/or for copy.

- I'm not affiliate of Grinta-Invest and don't get any commission or other benefits for bringing new clients.

- Grinta-Invest is NOT REGULATED BROKER.

- Yes, Grinta is paying.

- I earned and withdrawn more, than invested. All the stats are published here, and I'm not going to share proofs of payment and my other private info.

- In my case minimum deposit to join the system was 10,000 EUR, but current conditions I don't know.




MindTrader
forex_trader_[1397303]
Jun 25 2020 at 05:59
41 ieraksti
CarlosFX27 posted:
All those accounts saying grinta-invest works are from their own team, please do not fall for these. Do your own research on google, do you really believe this Ponzi scheme? They have no regulation, it's a offshore broker, I know people who have lost thousands with this and you will see it's true if you do your own research. Don't believe everything you see on internet


And here looks like we have the same person, who registered here with another username for posting on my account 😁:






Stay safe and healthy!

aywell
Jun 30 2020 at 08:36
6 ieraksti
Hello,

can you give me an investment password from your account?

MindTrader
forex_trader_[1397303]
Jun 30 2020 at 09:37
41 ieraksti
Hi @aywell

I don't know how it's working with this investment password, so prefer not to provide it anybody. You'd better contact the broker regarding this inquiry.

From my side I can send you an account statement ifrom your MT4 platform.

Regards

aywell
Jul 02 2020 at 05:27
6 ieraksti
Hi Luca,

the investor password gives only an access to monitor a trading account but it doesn't allow to make trades. But it would be also great if you provide a statement from your mt4 account.

Thanks

MindTrader
forex_trader_[1397303]
Jul 03 2020 at 08:54
41 ieraksti
Hi @aywell ,

please find attached the detailed statement from my account

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