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FXSalt User Reviews
FXSalt User Reviews
会员从Jun 10, 2012开始   36帖子
Feb 05, 2015 at 07:37
I happen to like this Broker.

Due to the SNB & CHF unpeg...they became insolvent & just recently out of business.
DMBFX
会员从Jan 22, 2010开始   9帖子
Apr 16, 2010 at 09:46
1 / I have 0 people in the boiler room ! 1 smart guy woth a bench of pinguins.
2 / There are no personal attacks, i did not qualify anyone by criminal or related to criminals.
会员从Feb 16, 2010开始   102帖子
Apr 16, 2010 at 09:44
@Yonex. Thanks for your support.
@Steve. Agreed. I will not comment further here.
会员从Oct 28, 2009开始   1423帖子
Apr 16, 2010 at 09:39
To be honest, I think I've reached the point where the discussion is closed. Facts have been presented and a dialogue opened that causes people to question there future actions, which is always a good thing.
Opinions have been stated and they obviously differ as they so often do. This will likely only descend into a squabble and nobody likes that.
I'd like to thank the Lion for the work he's put in to the thread and the other worthwhile contributors.
会员从Oct 25, 2009开始   88帖子
Apr 16, 2010 at 09:38 (已编辑 Apr 16, 2010 at 09:40)
UPDATE:
I see on your website (https://www.dmbfx.com) that FXSalt is your partner. 'TRADING FX MARKET WITH FXSALT (No Dealing desk and DMBFX members can get 10% extra balance to trade)' No wonder why you hold a grudge towards others complaining about FXSalt. You even have a website/company together? (https://www.scalpersunited.com) I think you maybe should have stated that you are strongly associated with them a few posts back.
会员从Oct 25, 2009开始   88帖子
Apr 16, 2010 at 09:24 (已编辑 Apr 16, 2010 at 09:38)
@DMBFX
Hey, what is your problem? That was a pretty personal assault you did to WhyLose. WhyLose/Lion Asset Management did not claim to be regulated by the FSA? Furthermore, two pages back he stated that 'However, Lion Asset Management have not accepted new Managed Account clients since 2006 other than by an existing client introduction. And I can assure you that isn't about to change.'

He is trying to help you guys to not lose your money to a dubious broker. I think you should show more appreciation towards someone spending their precious time doing that, instead of making personal attacks on the person.

WhyLose probably already has a good life; you should try to enjoy your life more as well. 😉
会员从Feb 16, 2010开始   102帖子
Apr 16, 2010 at 09:15
Lion Asset Management isn't regulated and does not need to be. We are closed to new clients except by recommendation from an existing client. And have been since 2006. That is unlikely to change. Ever. We also have a compliance procedure which means we only deal with HNW individuals.

Lion Asset Management clients are fully aware that they invest in unregulated collective investment schemes that are not authorised or otherwise approved by the FSA and can not be marketed to the general public.

Accordingly, https://whylose.com is directed only at recipients set out in the Financial Services and Markets Act 2001 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001.

Examples of such recipients may include (but are not limited to) Authorised Persons, including Independent Financial Advisors which are authorised and regulated by the FSA, certified sophisticated investors, High Net Worth Companies and unincorporated associations. We verify through our compliance procedures that all new clients fall within these categories.

Put simply, we never solicit new investment business. As for contact purposes all that matters is our clients can contact us easily. The general public can contact us by email only. Clients can obviously also contact us by telephone, Skype, Fring or Jahjah.

What you are promoting is illegal under UK law DMBFX and I will report the matter to the FSA in due course.

The only area where we agree, I believe, is that we share a similar disdain for the FSA. However, the difference between FXSalt and Lion Asset Management is that for the reasons stated above we comply with all local laws in all jurisdictions where we do business. We do that because it is the right thing to do.

Finally, I wrote:-

I believe eveyone else who has commented here (apart from Steve) is connected by an affiliate arrangement or stronger with FXSalt.' You commented:-

'That is a smart deduction !' So I believe readers will infer that that is the case. Sir, have a great weekend.

BTW, how many people work in your boiler room? You'll have to double your staff to deal with all the enquiries you'll get from this thread.😉
DMBFX
会员从Jan 22, 2010开始   9帖子
Apr 16, 2010 at 08:36
1- It is a CRIMINAL offence in the UK to offer their services from a UK maildrop address if they are not regulated by the FSA:

This is what the FSA serch results looks like:
-----------------------------------------------------------------------
Search conditions
  FSA Firm Ref:
  Firm name: Lion Asset Management LLC
  Post code:
  Match level: Best
  Currently authorised:
  Search again
  Firm name Post code Previous/Trading As names Status Non-FSMA Registration


No matches found. You may wish to try searching on one of the other firm search tabs to see if a record exists for this firm.
------------------------------------------------------------------

Search conditions
  FSA Firm Ref:
  Firm name: whylose
  Post code:
  Match level: Best
  Currently authorised:
 Search again
   Firm name Post code Previous/Trading As names Status Non-FSMA Registration


No matches found. You may wish to try searching on one of the other firm search tabs to see if a record exists for this firm.

---------------------------------------

Search conditions
  Scheme/Sub-fund Name: Lion Asset Management LLC
  Manager/Operator/ACD Name:
  Firm Reference:
  Product status: 0
  Scheme type: 0
  Product type: 0
  Scheme reference number:
  Match level: Best
 Search again
   Scheme Name Sub-Funds / Other Names Man/OP/ACD Names Status


No matches found.

------------------------------------

Search conditions
  Scheme/Sub-fund Name: Whylose
  Manager/Operator/ACD Name:
  Firm Reference:
  Product status: 0
  Scheme type: 0
  Product type: 0
  Scheme reference number:
  Match level: Best
 Search again
 Scheme Name Sub-Funds / Other Names Man/OP/ACD Names Status


No matches found.

2- in my opinion then they are simply part of the burgeoning criminal network associated with forex globally: and you are the boss apparently !

Bio:
I trade Forex on several accounts.
I also trade on Betfair and I never spend more than six months in any year in the same country.
My daughter, aged 12, tells her friends that it's because I like holidays.
The reality is it's part of my tax planning.
Gambling is tax free in many jurisdictions but as my main income is from forex I think I have the balance right.
I own Lion Asset Management LLC at WhyLose.com.

3- You ask people that have a relationship with FXSalt to share their views.
Once done, your answer is: I believe eveyone else who has commented here is connected by an affiliate arrangement or stronger with FXSalt. That is a smart deduction !

The cherry on the cake: The Lion is only available by email ... (this is from the website)

Anyways good luck with your life ...
 
会员从Feb 16, 2010开始   102帖子
Apr 15, 2010 at 20:21

sagard21 posted:
    
... they are a group of people with integrity, know what they are doing, are competitive enough and overall are serious about the business and their clients.


'People with integrity' do not break the laws of the country they operate in. It is a CRIMINAL offence in the UK to offer their services from a UK maildrop address if they are not regulated by the FSA. Conclusion - they have no integrity.

I doubt they 'know what they are doing'. I'll give them the benefit of the doubt. If they did know it was illegal then readers can draw their own conclusion and in my opinion then they are simply part of the burgeoning criminal network associated with forex globally.

Finally, apart from Steve, the only other person that has no financial interest here, in my opinion, is myself. I believe eveyone else who has commented here is connected by an affiliate arrangement or stronger with FXSalt.
DMBFX
会员从Jan 22, 2010开始   9帖子
Apr 15, 2010 at 20:18
Please don't help, if you call it help.
Thanks God, I'm born to handle my stuff by my own and assume the consequences of my acts and no help is required.
Few people (Extremly rare though) are mind blowing when they talk and some others are wind blowing and so it goes with this discussion.

Have a great weekend folks,

DMBFX
会员从Jan 22, 2010开始   9帖子
Apr 15, 2010 at 19:34
They are big boys to react when they feel is right to do so.
When i want them, i find them physically or phone and not only email !!!!!
会员从Feb 16, 2010开始   2帖子
Apr 15, 2010 at 19:30

Who cares if its regulated or not. All i know is they are a group of people with integrity, know what they are doing, are competitive enough and overall are serious about the business and their clients. I would never leave such a broker and shift to any other company. I am extremely happy by being in business with them.
会员从Oct 28, 2009开始   1423帖子
Apr 15, 2010 at 18:54
haha, indeed! Half the battle is obtaining web presence.
会员从Feb 16, 2010开始   102帖子
Apr 15, 2010 at 18:47
Well, there's no such thing as bad publicity? FXSalt is now, at the time of this post, the most discussed broker in MyFXBook.
会员从Feb 16, 2010开始   102帖子
Apr 15, 2010 at 17:50 (已编辑 Apr 15, 2010 at 17:52)
DMBFX posted:
    Is it an offense to raise funds in a country under regulatory organization's cover and have an offshor business.
What's the point?


Please refer to my comments earlier and if you really don't get it then I'm afraid I cannot help. I believe I've made my points concerning FXSalt clearly.

On another note you also have a relationship with FXSalt so why don't you point them to this thread so they can justify why they choose to operate illegally by soliciting financial services business from their UK maildrop address in Sunbury.
会员从Oct 28, 2009开始   1423帖子
Apr 15, 2010 at 17:48
Sounds good Frank and I don't blame you for not wanting to spoil your future. I guess at the end of the day people will either take a chance with FXSalt or they won't. You can't really blame people for doing their due dilligence though.
会员从Feb 16, 2010开始   102帖子
Apr 15, 2010 at 17:45 (已编辑 Apr 15, 2010 at 17:56)
stevetrade posted:
    That's rather different from what I said.
I currently have an account with Dukascopy - who I'm sure nobody would dispute are a reliable broker - they currently aren't regulated by FINMA, although they are in the process of filing for it.

Hi Steve, apologies, I thought you were referring to FXSalt. I take your point.
会员从Apr 15, 2010开始   3帖子
Apr 15, 2010 at 17:43
Hi Steve - I have been trying to get permission to link my account but I have failed. The situation is that I have been demo testing a revolutionary new EA - the results were fantastic and so I went live and the results were still fantastic so I pulled out $8,000. I originally signed a very very strict confidentiality contract to which I am still bound so I am not permitted to reveal anything at all - not even the slightest detail - sorry about this but I am not prepared to jeopardise my very nice financial future - I hope that you understand my position.
DMBFX
会员从Jan 22, 2010开始   9帖子
Apr 15, 2010 at 17:38
Is it an offense to raise funds in a country under regulatory organization's cover and have an offshor business.
What's the point?

会员从Oct 28, 2009开始   1423帖子
Apr 15, 2010 at 17:38 (已编辑 Apr 15, 2010 at 17:43)
That's rather different from what I said.
Dukascopy - who I'm sure nobody would dispute are a reliable broker - they currently aren't regulated by FINMA, although they are in the process of filing for it.
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