(binned per thread starter request) Legit check. Is this fake som | Forex Factory

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(binned per thread starter request) Legit check. Is this fake som

  • #1
  • First Post: Edited Oct 30, 2020 5:13pm Aug 29, 2018 5:04pm | Edited Oct 30, 2020 5:13pm
Delete topic!
  • #2
  • Aug 30, 2018 6:32am Aug 30, 2018 6:32am
Quoting VEEFX
{quote} Free broker advertisement. Who would offer 500:1 leverage on a million dollar deposit ? Only the broker can....to themselves...by cooking their books. Case Closed. Time to bin this thread !
Doesn´t explain the results.
  • #3
  • Aug 30, 2018 6:54am Aug 30, 2018 6:54am
Quoting lddd
Hey, I just stumbled over this "verified" PAMN account. https://www.myfxbook.com/members/GeorgeDow/gdow/1549874 The results are quiet impressive considering its a 4 years real account like statistics showing. Daily: 0.39% Monthly: 12.27% Drawdown: 6.72% Now i know most large hedge fund doing about a 10-20% on average p.a. A 12% monthly over 4 years only trading currencies on a million dollars account. Is this realistic or does it looks like SCAM to you?
I saw the account; I really liked the result. But the point is, this guy is doing such a long time trading; I made almost 240 trades only around the 4 years! If you don’t have such a big trading equity, than there will be no value (to you).
  • #4
  • Aug 30, 2018 7:33am Aug 30, 2018 7:33am
Well the point is a 12% monthly on average is very good over 4 years (if the results are not faked somehow). So that was my question basically. If it can be faked, as the broker looks very SCAM to be like VEEFX already said.

So i just ask my self if there is some common practice i don´t know about traders can use MyFxBook (even if it says verified results) to manipulate such results in such way over a period of some years.

The only way i could think of is the broker is doing shady business with MyFxBook, how reliable is MyFxBook here?
  • #5
  • Last Post: Aug 30, 2018 3:58pm Aug 30, 2018 3:58pm
Quoting VEEFX
{quote} YES... FXBOOK can be FAKEBook. Use your common sense you are born with brother. There are 100s of articles and videos on how scams can be hidden via such 3rd party sites including TE here by shady noname brokers. They are all broker affiliate i.e. paid by brokers for every hit they receive to see the fancy account stats. There are HUGE "conflict of interests" just about everywhere in this retail spot fx industry. My rule of thumb.... "what is see if what you NEVER get". Please open your eyes and stop your wasting time
Well VEEFX. What does my question has to do with wasting my time? I am asking here to find help for a specific question. I am able to manage my time, but thanks for your care.

Further i am not your bro :-) If you are not able to give a objective answer and shout at me here like a 12 years old, maybe just say nothing instead.

Anyways i completely agree with you that there are huge conflict of interests in the retail fx market. However that does not necessarily mean that all brokers and websites are automatically evil, nor i am naive.

So can you prove that MyFyBook manipulating traders results? Even if they are broker affiliated, they support a huge list of different brokers, so how should this work and why?
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