Scammers - Hall of Shame

I don't think we'll see Fractal's website up and running any time soon. Fractal has a habit of delaying and putting things off. He promised that long post back in July. When did it come about ? His website is unlikely to come into shape before 2020. So he will still hang around here for a while. In the mean time, who knows what else we'll uncover about FractalFreak, or Fractal Freak X ? That lad has quite some dirty laundry on the internet. Maybe more drama is waiting on the stage.

Yeah VWap , FractalFreak the great airplane pilot , saxophonist & HFM crashed to the ground as a poor rookie...

And yes Pooh , maybe more drama is waiting on the stage . Our archives are full of inedited news about this failed trader...
FFactory members , stay tuned.

after these 408 pages, could anyone outline scamming ways?

After all this years that you lived could you not ask stupid questions?

your signature: Fx is SCAM!Don't waste your time!
you are very pessimistic. I understand that.

if the whole forex is a scam, then FF is a scam.

Forex industry is a reality.

yes. forex industry is a reality.

and gambling industry is even a longer reality.
nothing wrong with casino, just know where you and the other participants are, and where their interest are.

scamming ways?
i had shown you one, just a few days ago: showing fake stat screenshots as proof.

use your common sense.
i know you know your answer, so, what the point to ask this question?

From a trading book Bird Watching in Lion Country:

"...Honesty - Successful traders are honest. What I mean by this is that they do not deceive themselves..."

"...Reality is never easy to face. Tipping your hat to reality, acknowledging its existence, is how you close the gap between almost making money and actually making it. There is a fundamental difference between what ought to be and what actually is. And reality is what it is, not what you would like it to be..."

I appreciate your ans.
that was one way.
when iam skimming first pages, I pass by some ways that is beyond my "own" imagination. so I ask why many scam ways I will find if I rea all 400 pages, that all.

“Thanks for everything! With what you shared here you have changed my life! It is amazing! It is nice to see the thread alive and kicking again with lots of people in it! Thanks for all the charts! It is simple to see what is going on! Easy pips! I just got back from the beach! Shame I didn't read your long posts on the beach, it would have been great fun to read those on the beach, so much wisdom in your writings. It’s great to be able to read the market. Now that I can read the market, can you post some charts so I can read the market. Then I can read the market and buy or sell. It is great we can all read the market. Look at all of us reading the market together. I don’t need to show any charts or my trades cos I’m back in the game! It has gone up and down all week, that was because it was ‘a ranging time!’ A special principle, you should do a video on it, when it ‘go up and down’. I was on the beach reading the market! I just closed in break even, phew, glad I can read the market now. Forex is a hard game if you cant read the market. I clicked like on your videos 1000 times anyway haters gonna hate! Shame they cant read the market. All they do all day is cannot read the market like us. They get paid to post cos they cant read the market! Haha! Haters gonna hate! I’ve seen your long posts! They changed my life! Thanks for changing my life. Everything is amazing. Thanks so much. ”

there is plenty ways, really.
people can get creative.

read up for example this one, a case it was discussed also on this thread, too.

"Recent case - PAMM manager Jordan 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.

Last week for the trading session from 23/9 to 29/9, Jordan made huge losses and investors were panic. However, Jordan had successful recovered 80% of the losses on Thursday (28/9/2017). However, he placed another two 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.

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."

OR
for example this:


and keep in mind, if the first quoted case is possible, AND the second video is possible....AND BOTH IS....
with the MT4 licence and white label brokerage is not that expensive to set up...
then you literally create your own trade history.
there are some rather suspicious myfxbook, or mql5 accounts, maybe you have seen a few.
those with 4 years without a losing month, but not so happy investors. and variable running max 4 digit own equity despite the 'superior performance'.
or those on mql5 where you see the manager has very frequent deposits and withdrawals...a sure sign to play on the drawdown numbers.

OR
EA sellers that sold copies of their EA, but still only able to show only backtest or demo results.
any semi-serious trader would be able to set up a 4-5 digit account to 'showcase his business'.
the no funds wont really stand, bcos already sold copies, or bcos if you really have something rock solid, you convince your friends, family, or borrow, to go ahead with.
without taking a leap with their own money, just how solid what they trying to sell you?

OR
a simple trick to show a cent account that doesnt register as cent, and ppl will be sucked in seeing 100k account, when it is only 1k...psychology.

and many more things you may find....
lots of returning members, some with 4-5-6 new alter egos during the years.
but invariable the same BS, the same garbage to tout, the same lies.

etc, etc, etc.
just some samples.

If the thread really was ‘the only thread you will ever need’ did his naive followers ever stop to think (? careful) and ask why he would need to NOW create a website.

Lol.

Well, it obviously isn;t the only thread you will ever need then is it. No, you also need to SUBSCRIBE to his upcoming website LOL. (eyes widen, shekels making noise as calculating subscriptions fees from subscribers).

He should have titled the thread more accurately, ‘the only thread you will never need, plus a bunch of youtube videos (with paid likes) to make it look like ‘people are watching’, a subscription to my live video feed of my ‘real time charts’ and ‘’10 magic indicators’’ (that some guy created) connected to the mentalinstitute data feed’’.

And, last but not least, guess what..surprise surprise, he skipped ‘’the question!’’

PS_When the website is ready and people subscribe to the service at least there I hope he answers peoples questions instead of avoiding them like he does here, as Yoda would say, Ignorant he is, yes! Well myself and others will look forward to dropping by and perhaps even subscribing to see how a true professional hedge fund manager operates. I am sure it will be a real eye opener.

''Last month I had a strong smell of cheese in the kitchen, but the SM was buying more cheese and my mom was in the supermarket buying cheese crackers, FF tools kept me out of the kitchen, so at night time for my supper, I just had a little bit of cheese on toast, and a cup of tea. And I didn't even have a bad dream, not once. It was AMAZING. Thanks FF. Long Cheese, Short crackers.''

I can Read the market now. Its great knowing what the market will do. Can you post charts so i can read the market.
HORRIDO I can read the market.
I think they will lose this thread. This thread will dissapear because we can read the market. We will cause ALL THE BROKERS
to go BROKE.. BEcause the FREAk has charts that are MAGIC and can read the Market.

Time Space Continuum Manipulation Bucket shop Stop hunters... I can predict the market with 95% accuracy.. Well 100% now.

With my relavatistic fourth dimensional charts showing MAX 15% of my Harvard knowledge. But unless you have 200IQ forget trying
to reverse engineer my quantum spaghetti rainbow charts.

Many years of magnetic Detergence attracted you to The Only Thread you will ever need. HORRIDO
Do the lines dissapear.. RED RED RED answer RED DUKAS DUKAS RED TROLL BLUE RED RED

15% knowledge here Forex FActory.. Other 85% my website for Dumb Money....
Dumb Money give me your money. I am so smart I am A FREAK.

I am Fractal Clown...Fractal Freak is gone to the beach counting sheeps money.

long post coming....

Harvard Grad long post...200 IQ written smashing all trolls competing in competing.
Like a bug squashed.

I am the best. Never a wrong trade.

Risk 30 pips gain 6 pips... Hedge Fund Mgr secret trading skills.

DO YOU UNDERSTAND ?

these are PEARLS.
WHAT HAVE YOU DONE FOR THE COMMUNITY HERE? Swine trolls RED RED DUKAS RED

Answer me RED !

Do NOT DARE to come to THIS thread, just skimming through the first page and then start posting cynical stuff.....do NOT DARE.....this is THE ONE THREAD where you should really RESPECT the rules..........

''Since following this thread for about 6 months and doing dirty dancing classes at night school, i have cut back my meat portions to about 3 slices of bacon because flying with a full belly makes me fart and without knowing where DM-Stops-DM positions are is critical for me. I would not be surprised if the entire SM kitchen is stocked full with bread, if you know what i mean, can't have anyone but the bakery trolls and SM making secret cheese sandwiches behind the scenes?''

thank you very much profitfarmer--
-if it was outlined in small book, will be a good reference for all traders.
from your experience are other platforms-rather than MetaTrader - trusty? (JFOREX-NINJA-TRADERSTATION-cAlgo . . . etc . . )
your post focus on MataTrader.

Ok Jijij , PF has already given you excellent informations . I'll answer you from another point of view : how to recognize and defend yourself against a scammer ?

Please , read this :

"
Give scammers a run for their (your) money !


This is not a thread for outing anyone as a con artist. If you do, FF will probably suspend you. If you have any other scam filtering ideas please post them.

'Con artist' is short for 'confidence artist'. They are good at gaining your confidence (trust) so that you willingly give them your money (or whatever the deal
calls for).

The bigger the claim, the higher the probability that it is a lie. If any given person told you they had a billion dollars what would be the chances that
were true? Extremely low. So whenever you hear a big claim (and you can give them money to get in on the action), the probability that it's a lie is sky high.

Possible motivations to con at FF - To get your money, to get others to improve the system that they have (you give up your time and effort).

If they make a claim, the burden of PROOF is always on them. There is no burden to make yourself believe..

They need payment? You need proof.

What is proof? It's not a small number of cherry picked predictions.

Don't trust posted statements because they could have been doctored.

Trade Explorers can be manipulated. However, if nothing in the TE is hidden and they don't work as a broker (they can add/delete trades), you can do your own analysis.

Proof needs to be specific to their sales claims, e.g. if they say their system has >90% wins, they need to prove >that< specific system has achieved such a performance through forward testing for a long enough duration. You need to be able to analyse each trade. Be wary when they say they made 500% gains because they may have conveniently left out the fact that they went into massive drawdown because they didn't use an adequate exit strategy.

If your greed and/desperation is controlling you, the con artist will place it on you to believe without providing any valid evidence.

If they make an excuse to avoid providing proof, you should walk away (this is assuming that they want something from you, or there is an offer on the table). This is one of the biggest redflags.

If you get a certain amount of free value from a con artist, e.g. a free system, descriptive posts, that's not proof that their sales claims are true. Especially not if they make giant claims.

A con might play the 'it's (perpetually) in development so I don't have to do anything' game, e.g. their system is always being improved so it's not ready for a performance review, so that's the excuse for not providing completely impartial proof, i.e. a TE with all features set to public.

If a TE is put up, it will likely bomb. So it will be started in conditions where there is no/minimal loss to their credibility, i.e. with a stable base of followers who believe even though there is insufficient evidence to back up the given claims. No stop loss will be used because they want to make gains fast while showing minimal losses. Competitors in trading competitions frequently use this tactic, and that's why you see their previous competition accounts have >90% drawdown. But followers will be forgiving because the system is 'in development', or they'll make up any number of other reasons to excuse the poor performance.

The system being traded in the TE may bear little resemblance to what's presented in the thread. This means the TE is irrelevant, but followers will believe that it is meaningful if they see a large gain.

If it's a scam, it may just appear probable that they are deceiving you, rather than it being an obvious fact. Sometimes there will be a smokescreen to conceal
the truth, i.e. they'll make it look like they are doing something else while the deception is occurring. It gives them plausible deniability if someone tries to
call them out. Gullible people will require the deception to be spelled out for them explicitly and therefore continue to be duped.

Even if you are highly intelligent, allowing greed/desperation to get the better of you will cloud your thinking. Apply emotion free logic.

If called out, con artists will usually remain consistent with their deception strategy so they can carry on deceiving their easier targets. The consistency makes them appear more trustworthy.

Con artists love easy targets because those people take mental short cuts, rather than think things through thoroughly and logically.

If the con artist gets a commitment from you, you will tend to keep to it in order to appear consistent with that commitment. If you make up your mind that the
con artist's claims are real, you will tend to keep believing in him and give him the benefit of the doubt even when red flags keep popping up (or maybe you
won't even notice them).

One of your criteria should not be whether they can bamboozle you with words. If you don't understand them, they are probably talking gibberish and aren't
enigmatic geniuses. This presupposes that you have an intellect and education level that is similar to or better than the con artist. If you aren't all that
educated, just don't buy things that you don't understand.

A red diamond status makes it easier to deceive others because some people will think a red diamond member can be trusted automatically. Red diamond status is merely a popularity rating, not an integrity rating.

A large 'ignore list' is a possible redflag if they have something to sell (or may in the future).

Just because a large number of people believe something, doesn't make it true. The earth was once flat, but that was proven wrong.

Followers and con artists will often say people who don't believe are naysayers, close-minded, idiots, trolls, etc, and then dismiss everything they say. This is
a genetic fallacy, i.e. Labeling people as fundamentally defective and because of that, believe they aren't worth listening to even if their arguments are
logical.

A con artist will tend to avoid debating with skeptics. If they do, they resort to ambiguity (believers will apply their own meaning), obfuscation with advanced
jargon (believers will be bamboozled), contradiction (believers will let it pass as a simple mistake), and\or lies.

A con artist may agree to give you what you want, but of course they won't deliver (at least not in full). They will delay, delay, and delay forever.

Some con artists don't make any hints that they want something from you. They'll talk a big talk and let you make the offer of paying them first. They might even feign resistance to selling anything so that it seemed like your idea to buy.

A con artist may appear quite pleasant and/or helpful. This tactic helps them stay under the radar, adds another facet to their plausible deniability ('He
wouldn't do that. He's a good guy!'), and this helps them build up followers who will defend them against skeptics. One to one, this facade of innocence is a
personal defense without having to apply any effort. Normal people don't usually challenge/attack innocent people, so it often takes a long time for this type of
con to get called out.

A con artist may try to inoculate followers against thinking he is a con artist/lier by suggesting that people will say things to discredit him because those
posters are egotistical or stupid. It's like giving you a vaccine so that when a skeptic arrives, followers will dismiss them and think 'Pfft, he predicted this
would happen. Troll!'.

A payment is a payment is a payment, whether the con artist calls it a commitment, a donation, or whatever. If you're giving money and then getting
goods/services, that's a purchase. They only call it something else to lessen psychological resistance to buying.

If you pay the con artist and you aren't making money from his system, he'll likely blame your ability to trade the system rather than the system itself. They
will probably point out that other (fictitious) people are doing fine.

Don't trust a person's answers to be honest if their honesty is in question.

Scams are built on trust. How did they get your trust ? "


Thanks to Stinky , Oct 2014.

the platform itself just one issue.
see, for example FXCM....larger broker, public company...Ninja, TS...
then
https://www.zerohedge.com/news/2017-...ions-against-c
i believed they were also fined for asymmetrical slippage too.
most brokers in there TOS with tiny lettering disclose that they can on their own discretion take a position against the client, temporarily or else, as they see best.
if not a full bucket shop model, many runs a hybrid A&B order book setup.

but then what to expect from the brokers, if above also there is manipulation:
http://ig-legacy.ft.com/content/23fa...feabdc0#slide0

as for other softwares,
common sense dictate the following:
brokers pay for the trading software licence, traders not.
the software developer doesnt make their living from the user itself, but from the licence fees sold.
do you think they are motivated to work for the broker who can decide to offer or not offer their software? who would you focus really on if you would be looking to make a living selling your software? would be the free-to-download crowd?
do you really believe all tailored to suit best the trader, or the brokers need first and foremost?

Can someone please kindly post this into the excellent discussion thread, "the only thread that you cant ask questions", many thanks:

Why is the “hedge fund manager from Gibraltar”

https://www.mql5.com/en/users/fractalfreak

posting in April 2017 asking “where to download the system?”

https://www.mql5.com/en/forum/179449...omment_4822266

Identifiable by IP address location and the computer name, the question to ponder is “Would a real hedge fund manager be asking this question in a public forum?”.

Identifiable by IP address location

https://www.mql5.com/en/forum/68107#comment_2088154

https://c.mql5.com/3/83/logs.png

and by computer name:

https://c.mql5.com/3/83/kernel_dll.png



I wonder why he would be asking such basic questions and trying to follow forex trading strategies, aren't these the posts of someone who is lesser experienced in trading?

Going back a few years, on the 24th April 2015, the same username posted a question relating to “how to download again an indicator purchased”:

https://www.mql5.com/en/forum/43578

https://c.mql5.com/3/64/how_do_i_download_again.png

The question to ponder this time around perhaps is, if we were to purchase indicators such as the ‘PipFinite Trend Laser’ and ‘PipFinite Swing Control’ available for purchase online, would these increase our chances of becoming more successful in trading?

Would we too also have the chance to become a member of the professional hedge fund industry and also be fortunate enough to be able to run our own successful hedge fund?

These are all several important questions which require thought and I do hope we will hear from professionals with experience of these matters.

Perhaps our friend could step in and offer his professional opinion regarding the ‘PipFinite Trend Laser’ and ‘PipFinite Swing Control’ items.

You think that's bad? Check out the multiple user name and FF's shill account jijiji

stop loss = 2000 pips
take profit = 100 pips