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Scammers - Hall of Shame

  • #2,621
  • Oct 4, 2017 9:51pm Oct 4, 2017 9:51pm
IMHO, i will avoid a PAMM, forex managed account service..or something alike, that could be opened within minutes without any further confirmation.
Many forex brokers allow this service.
Happy Trading
  • #2,622
  • Oct 5, 2017 2:25am Oct 5, 2017 2:25am
accentforex's support is no longer available.

They might run away
  • #2,623
  • Oct 5, 2017 6:18am Oct 5, 2017 6:18am
Quoting fxstaton
accentforex's support is no longer available. They might run away
they will reopen as new whitelabelbroker and restart game with faked review and get again people scamed who open accounts or get trapped in managed accounts.
  • #2,624
  • Oct 5, 2017 6:29am Oct 5, 2017 6:29am
Quoting dukas_trader
{quote} they will reopen as new whitelabelbroker and restart game with faked review and get again people scamed who open accounts or get trapped in managed accounts.
Buy pop corn to watch show

http://www.forexpeacearmy.com/commun...-2#post-296062
  • #2,625
  • Oct 5, 2017 6:53am Oct 5, 2017 6:53am
Quoting fxstaton
{quote} Buy pop corn to watch show http://www.forexpeacearmy.com/commun...-2#post-296062
Interesting... but i dont see any serious evidence, gentlemen. Information is not enough for such statements, which I read here. i'm interested and i would like to see something specific, but i see links that r nt valid and information is par for the course.
  • #2,626
  • Oct 5, 2017 7:09am Oct 5, 2017 7:09am
It's certainly all great, but I did not see any proof that this broker is sсam. Or we differently understand what a scam is. Tell me, what in your understanding is a scam? Whether I am a scam when I trade on news or create EA to deceive MT4. Is the broker a scam who did not withdraw my money when the CHF fall in January 2015(i will not name the broker or broker dogs will come here). Guys, personally I merged in the past 4 investors accounts under zero in different brokers. All of us can merged because world of the Forex is cruel. And I do not believe in the possibility of a successful and long earnings on Forex. So what are we talking about here?
  • #2,627
  • Edited 8:30am Oct 5, 2017 7:36am | Edited 8:30am
Quoting Gydvin
It's certainly all great, but I did not see any proof that this broker is sсam. Or we differently understand what a scam is. Tell me, what in your understanding is a scam? Whether I am a scam when I trade on news or create EA to deceive MT4. Is the broker a scam who did not withdraw my money when the CHF fall in January 2015(i will not name the broker or broker dogs will come here). Guys, personally I merged in the past 4 investors accounts under zero in different brokers. All of us can merged because world of the Forex is cruel. And I do...
only in short:

there are two ways:

1. the broker is faking all this, have stuff to create the pamm and cheat all trades to create a good history of the trades. then after many people invest in the pamm, it will only just as emulated trades with wins or second way you do opposite trade as market maker and create the account to lose all and dont allow that their people withdraw money fast, so many lose and you win.
2. pamm manager is seperate and looking for a half legal marketmaker , makes a contract with him that losses of his clients will be spitted 50-50 between broker and manager, and manager tries (after enopugh money is in from the clients, most with over 1 million) all to have all clients in loss with extrem risky trades , when trades produces win he tries again and again with next time higher amounts, and some day ofcourse he has all the account crashed for 100% sure, very easy way. broker same time had always opposite trades, so win from this is then 50/50 splitted between broker and pamm manager,. pamm manager starts new account and game restarts.
ofcourse to help the manager often the history is manipulted by broker to boost his performance and often this managers are related to the broker or are stuff, so often even this second method is part of first method in generall, but dont have to be.


one of this 2 method will be used here all the time. very easy to see. was it clear enough to understand?

and to your sentence: "And I do not believe in the possibility of a successful and long earnings on Forex."
here in forexfactory there are really more big mouth then real good traders, 99% are really bad in longterm and who call professionell you see by what they talk and who they follow how unexpierenced they are very fast. just look what people write, what are the arguments and judge it by your own, then you can find some people maybe you can trust. but there are really not many here that can really trade, many think only they can, and a big amount are dreamers, they speak about useless topics and think they have found anything in it, and only because they did not learned trading from ground with basics, thats the biggest problem for most traders, because trading is so imple, but people like to make it complicated, only because looks complicated by geinning (but thats so in any part of life if you come new to something and dont know where to begin). if someone trades some years and dont think trading is extrem simple, then there is something wrong and most of time he simple dont know the basics learned step by step, its this easy. not without reason you have not a big chance to fail if you learn it correct, but maybe 0,5 % will do learn it correct, most are to greedy or will find shortcuts, that can not work if you dont know all risks and how to avoid it. i have seen so many people here (called good traders for many many years) who even talk about risks what could be 100% avoided by extrem easy simple learning how to do, its so crazy sometimes what you can see here. but best way to read here to see, how important it is, to learn the basics or end like many people from this place.
but on the other side, because there are so many unexperienced traders, it is more easy to earn money. near 95% need to lose in forex trading, so when all would learn all basics the market would change to a new level where cards would be mixed new and most entries from today would not exist any more , all would need recalculated. so its often also nice to see that 99% here are at this level and dont want do anything to improve, even if you help them (ok some can learn, but not really many, but more then telling their mistakes i dont do, i am not their mama).
  • #2,628
  • Oct 5, 2017 7:59am Oct 5, 2017 7:59am
Quoting dukas_trader
{quote} only in short: there are two ways: 1. the broker is faking all this, have stuff to create the pamm and cheat all trades to create a good history of the trades. then after many people invest in the pamm, it will only just as emulated trades with wins or second way you do opposite trade as market maker and create the account to lose all and dont allow that their people withdraw money fast, so many lose and you win. 2. pamm manager is seperate and looking for a half legal marketmaker , makes a contract with him that losses of his clients will...
You blast my brain out. Where did you get this information from?
  • #2,629
  • Edited 8:26am Oct 5, 2017 8:03am | Edited 8:26am
Quoting Gydvin
{quote} You blast my brain out. Where did you get this information from?
worked in bank and fund and still work as consultant. knowing how thinks was setuped and what was done.

in this case we speak about you simple see it in trade history that many is manipulated. and the all in one account killer time on the end (and we dont speak about big events here like snb with extrem moves, this could be special judged) is always used to bring clients money in the broker/pamm managers hand. this fraud is used since decades. but all this is basic knowledge, if some start learning trading from ground step by step he should know this before he set his first trade in only a demoaccount, or it would be wrong done and you need many luck to compensate unknown market knowledge and basics.

in all pamm accounts you should put in a border,when trading is not allowed any more, good brokers have this always. then all is closed and trading stoped until you tell them it will start again. if one pamm dont have this, then never trust this shit. they can kill your account day in day out all the time, and you cant do anything against.
ofcourse in extrem omoves you are not saved with this stop border (only by trader for your own you can avoid this risks with some instruments and knowing market basics), but you are secured against normal tricky fraud = you only lose until this border.
  • #2,630
  • Edited 9:18am Oct 5, 2017 8:22am | Edited 9:18am
Well , a short and clear summary by Scamdetector :

" PAMM manager Jordan ( AccentForex broker ) made more than $2millions loss from 3 GBP/USD trades.
As the results, investors are unhappy because the manager did not stick to the rule of stop loss and 10% risk per trade.

Jordan placed the trades on Friday (29/9) and there were floating loss which he intended not to close at loss to meet trading session ends.

He made request from broker to extend the trading session to another week (i.e. till 6/10/2017) and broker accepted his request.

Because of this extension, withdrawals made for that trading session were not able to process and continued to the trading session.

The day before yesterday (3/10/2017), the account was on margin call and more than $2millions funds were loss.

Investors suffered more than 95% loss in funds. "
  • #2,631
  • Oct 5, 2017 8:57am Oct 5, 2017 8:57am
Based on your words, all the MAM and PAMM accounts are corrupt and bought by brokers. So when I with my partner invested and trade in MAM at the Pepperstone. You want to say that I was bought? Although no one offered me 50-50. And at the start I successfully trade and everything was fine, and then I make several not successfully trades and lost everything. And as far as I know everywhere there is a stop out (which you called the border) in different MT.

And if you are so knowledgeable, then let's talk about real business. I have 10k and I would like to invest in trade or trade by myself, what would you advise me?
  • #2,632
  • Edited 9:51am Oct 5, 2017 9:11am | Edited 9:51am
Quoting Gydvin
Based on your words, all the MAM and PAMM accounts are corrupt and bought by brokers. So when I with my partner invested and trade in MAM at the Pepperstone. You want to say that I was bought? Although no one offered me 50-50. And at the start I successfully trade and everything was fine, and then I make several not successfully trades and lost everything. And as far as I know everywhere there is a stop out (which you called the border) in different MT. And if you are so knowledgeable, then let's talk about real business. I have 10k and I would...
when did i say all? we spoke about this special broker, other marketmaker broker have this too maybe, but ofcourse never ever all.
and the 50-50 offer you get more when you have many money in, i dont think any of this fake broker is interested before. but this mnoney managers are often broker connected, or all faked from beginning, not only history.

when you would like to trade by yourself, then learn trading step by step. if you dont want, then look for investors you can trust, most have many millions own capital, if not they are not sucessfull over many years decades and always something wrong, most of time they simple started.
but most good traders dont need any investors, thats the point, some take from some million up, because you need to trade 10-20 times the amount from your own money that you have with the invested money near same win (by about 20-30% performance fee and no added spread). in intrady trading trading with invested money can even reduce your all in win extrem and you lose money by having investing capital against having not (same time your risk is smaller ofyourse, if you trading rsiky - this could be interesting for more bad traders) , because you have near all possible volume for a good spread already on your buying points, depends much from your trading systems.

but best, learn trading from basic ground , then also its much more easy to judge other traders by who they are and what they say.

last: there is not every where a stopout border - some has only information borders, to tell you now is this loss. not many stop trading complete and close all when loss is until special points. others even dont let you pay out (like this broker) when a pamm manager extended trading session, whats stupid, because in each pamm account you can set a time per day when trades are rolled and new splitted to all new people money coming in and out, this is always possible (most do in rollover time), they dont do it and guess why they dont do it??
  • #2,633
  • Oct 5, 2017 9:14am Oct 5, 2017 9:14am
An image is worth 1000 words :
Attached Image (click to enlarge)
Click to Enlarge Name: imp.jpg Size: 257 KB

In effect, all this it's very impressive...
  • #2,634
  • Oct 5, 2017 10:00am Oct 5, 2017 10:00am
Quoting redoktober
Well , a short and clear summary by Scamdetector : " PAMM manager Jordan ( AccentForex broker ) made more than $2millions loss from 3 GBP/USD trades. As the results, investors are unhappy because the manager did not stick to the rule of stop loss and 10% risk per trade. Jordan placed the trades on Friday (29/9) and there were floating loss which he intended not to close at loss to meet trading session ends. He made request from broker to extend the trading session to another week (i.e. till 6/10/2017) and broker accepted his request. Because of...
Nice summary. You cleared up everything.
  • #2,635
  • Oct 5, 2017 10:07am Oct 5, 2017 10:07am
Quoting dukas_trader
{quote} when did i say all? we spoke about this special broker, other marketmaker broker have this too maybe, but ofcourse never ever all. and the 50-50 offer you get more when you have many money in, i dont think any of this fake broker is interested before. but this mnoney managers are often broker connected, or all faked from beginning, not only history. when you would like to trade by yourself, then learn trading step by step. if you dont want, then look for investors you can trust, most have many millions own capital, if not they are not sucessfull...
As what you claimed few hours ago, there are a lot of people which can't see the other sides and they choose not to understand or believe.
  • #2,636
  • Oct 5, 2017 10:37am Oct 5, 2017 10:37am
Quoting fxstaton
{quote} As what you claimed few hours ago, there are a lot of people which can't see the other sides and they choose not to understand or believe.
what? i dont understand your text, can you copy in the text from me you speak about?
i cant remember any of the words you wrote in your text.

or was this about the text why someone fail in this frauds?
  • #2,637
  • Oct 5, 2017 10:42am Oct 5, 2017 10:42am
Quoting dukas_trader
{quote} what? i dont understand your text, can you copy in the text from me you speak about? i cant remember any of the words you wrote in your text. or was this about the text why someone fail in this frauds?
This

Quote
many defended this persons, even when its easy to see he was faking. many do this in forecfactory, some you see by luck and you can say something, other you dont see. if you do say something, then you need a hard trained character, there are so many bad character people here in forexfactory, who are stupid same time, and stupid and bad character are very dangerous combination, they will attack you all the time when you call someone a faker (and call by arguments ofcourse not only just so for fun) and they trusted this person and dont want to be...
  • #2,638
  • Oct 5, 2017 10:45am Oct 5, 2017 10:45am
Quoting fxstaton
{quote} This {quote}
ah yes this was about many things, and some kind of people you will find here in forexfactory, who cant recognize reality and live in dreamland because they never will learn basics, even many red flag people here are still at extrem basic level.
and that many fall in this easy to see fraud with accentforex, there we had the reasons from other post. it was not first time the pamm from this brokers was used to scam people and steal money.
  • #2,639
  • Oct 5, 2017 10:53am Oct 5, 2017 10:53am
Quoting dukas_trader
{quote} ah yes this was about many things, and some kind of people you will find here in forexfactory, who cant recognize reality and live in dreamland because they never will learn basics, even many red flag people here are still at extrem basic level. and that many fall in this easy to see fraud with accentforex, there we had the reasons from other post. it was not first time the pamm from this brokers was used to scam people and steal money.
yes, i can see there are two here can't see it.
  • #2,640
  • Oct 5, 2017 11:17am Oct 5, 2017 11:17am
Quoting Gydvin
Based on your words, all the MAM and PAMM accounts are corrupt and bought by brokers. So when I with my partner invested and trade in MAM at the Pepperstone. You want to say that I was bought? Although no one offered me 50-50. And at the start I successfully trade and everything was fine, and then I make several not successfully trades and lost everything. And as far as I know everywhere there is a stop out (which you called the border) in different MT. And if you are so knowledgeable, then let's talk about real business. I have 10k and I would...
Mostly and you'll surprise to see PAMM managers performances with brokers like Instaforex and Liteforex . But at the same time not all PAMM accounts are Scam. Now being an investor I have every right to exit any PAMM account participation if I think my PAMM manager isn't doing well.
And trading own account an working with other money totally different scenario. You have to be more aggressive while managing other fund since your profit share being low and since your risk is lower and taking insane amount of risk either making account growth 1200% or making draw down 70% or 100% .

Now assume everything SCUM and all scams ...better trade our own. Simple as that.
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