After the going on's on various other threads, I was wondering the following point.
Is it possible for Mam/Pamm signal providers to set-up accounts with an un-regulated broker and then both have a deal where they offer to split any clients deposits once the Mam/Pamm signal loses?
If the broker is unregulated, there is absolutely nothing to stop phony myfxbooks being created by the mam/Pamm provider to show how great they are.
Then after enough clients have subscribed, the signals service just deliberately runs the account to zero and then claim unfortunate market timing.
Am I being paranoid or is the above a very like scenario?
Is it possible for Mam/Pamm signal providers to set-up accounts with an un-regulated broker and then both have a deal where they offer to split any clients deposits once the Mam/Pamm signal loses?
If the broker is unregulated, there is absolutely nothing to stop phony myfxbooks being created by the mam/Pamm provider to show how great they are.
Then after enough clients have subscribed, the signals service just deliberately runs the account to zero and then claim unfortunate market timing.
Am I being paranoid or is the above a very like scenario?