Did I get scammed? | Page 2 | Forex Factory

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Did I get scammed?

  • #21
  • Jul 25, 2019 6:36am Jul 25, 2019 6:36am
Quoting Wavegarrick
Hi OutThere, Thanks for sharing a detailed account of your story. I don't care if it is 10, 140 or a thousand euros, the fact remains, it is a scam and he should be shot. It gives one a clear picture of how cleverly these scammers operate. Many will learn from this. Cheers.
Yes exactly. Thank you very much.
  • #22
  • Jul 25, 2019 9:31am Jul 25, 2019 9:31am
When seeing "out of the world" results, take a deep breath, ask for trading history and check the draw downs of the system. If the system can make 100% in one week, it probably can go -100% in one week too, simple logic.

Hedge funds spent hundreds of thousands creating powerful algos, so do you think this guy's EA can compete with them? Take it as a lesson learnt
  • #23
  • Jul 25, 2019 10:13am Jul 25, 2019 10:13am
Because this game is so hard. It is easy for the scammers to take advantage.
I am a fan of the "what ever it takes" method. But there needs to be balance in the force.

These unfortunate cases could lead to over regulation. Which is already happening.

All you need to know is that all the information is available free on the internet. It is not easy to find, and nobody will tell you for any money.
Why is a Raven like a Writing Desk?
  • #24
  • Jul 25, 2019 2:04pm Jul 25, 2019 2:04pm
Quoting TradeMinim
When seeing "out of the world" results, take a deep breath, ask for trading history and check the draw downs of the system. If the system can make 100% in one week, it probably can go -100% in one week too, simple logic. Hedge funds spent hundreds of thousands creating powerful algos, so do you think this guy's EA can compete with them? Take it as a lesson learnt
I've got out of the world results in my own trading already but point taken.
  • #25
  • Jul 25, 2019 2:10pm Jul 25, 2019 2:10pm
Quoting Rastus81
Because this game is so hard. It is easy for the scammers to take advantage. I am a fan of the "what ever it takes" method. But there needs to be balance in the force. These unfortunate cases could lead to over regulation. Which is already happening. All you need to know is that all the information is available free on the internet. It is not easy to find, and nobody will tell you for any money.
Idk how they can regulate scammers but they sure regulate brokers and I have been scammed and hurt by brokers more than anyone else. I can list about 5 brokers right now. A sting from a scammer is like a bee sting. Broker sting is closer to a snake bite. We do need regulators but their agenda is different than a trader's agenda.
  • #26
  • Jul 26, 2019 10:39am Jul 26, 2019 10:39am
I don't say this is scamming but clever marketing. See this members biography.

Biography:
I am an independent trader / software developer who is not selling anything here. I do not have any website, blog, etc. to sell any product. All software that I share in Forex Factory are free but not open source. This is my source code policy. If you want a customized version of a software you can contact me.
Videsha Mudal Welenda
  • #27
  • Edited 2:32pm Jul 27, 2019 2:16pm | Edited 2:32pm
Interesting...RegisMexes emailed me again and he is aware of this thread....

Stand by for now!
  • #28
  • Jul 28, 2019 2:37am Jul 28, 2019 2:37am
Quoting OutThere
Interesting...RegisMexes emailed me again and he is aware of this thread.... Stand by for now!
yay!
is he aware that you did transfer money and he not send EA too?
there is always, always another trade!!
  • #29
  • Jul 28, 2019 3:14am Jul 28, 2019 3:14am
Interesting,
I genuinely believe that if you can trade and be profitable there is no need for any form of service from anyone.

EAs are crap in my eyes may work for some but nothing beats the human eye and mind.
  • #30
  • Jul 28, 2019 8:08am Jul 28, 2019 8:08am
Quoting profitfarmer
{quote} yay! is he aware that you did transfer money and he not send EA too?
Yes he is aware. He says Skrill still has their account locked up. He also says that even though his account on FF is un-revoked, he still can't log in.

He won't release the EA based on my Skrill receipt. I guess it is a wait n see game.
  • #31
  • Jul 28, 2019 8:21am Jul 28, 2019 8:21am
Quoting Neil0163
Interesting, I genuinely believe that if you can trade and be profitable there is no need for any form of service from anyone. EAs are crap in my eyes may work for some but nothing beats the human eye and mind.
Maybe EA's, systems, trading tricks. indicators and whatever trading related to me (and I'm sure to other traders like me) is like clothing to women or candy for kids or drugs for the addict. We can never get enough. Seems like if I can trade and be profitable, I want to trade more and be more profitable. It's a curse.
  • #32
  • Jul 28, 2019 12:45pm Jul 28, 2019 12:45pm
This reminds me of the below thread that scammed quite a number of FX Traders large amounts of cash and is said to located in, u guessed it Hong Kong .. sorry to bring it up

Jacko's Forex House of Pleasure and Pain
  • #33
  • Jul 29, 2019 1:50am Jul 29, 2019 1:50am
Quoting ndatiusjamo
This reminds me of the below thread that scammed quite a number of FX Traders large amounts of cash and is said to located in, u guessed it Hong Kong .. sorry to bring it up Jacko's Forex House of Pleasure and Pain
I see; quite similar stories on popular Forex forums; so traders should take care of the regulation issue very sincerely!
  • #34
  • Aug 3, 2019 12:10am Aug 3, 2019 12:10am
Quoting OutThere
Interesting...RegisMexes emailed me again and he is aware of this thread.... Stand by for now!
That's because Regis/yarick has multiple accounts here. That's a fact.

Another thing I can't believe how you guys can fall into their scam is if I am earning 100% per day, why would I sell you the EA for $150?
  • #35
  • Aug 3, 2019 12:52am Aug 3, 2019 12:52am
Quoting FxLapozi
{quote} That's because Regis/yarick has multiple accounts here. That's a fact. Another thing I can't believe how you guys can fall into their scam is if I am earning 100% per day, why would I sell you the EA for $150?
To answer your question here is a direct quote from Regis when he emailed me last: "Do you think I will cheat you 200 euros, that's hilarious."
  • #36
  • Aug 3, 2019 2:26am Aug 3, 2019 2:26am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
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  • #37
  • Aug 3, 2019 5:15am Aug 3, 2019 5:15am
In my experience all EAs that are for sale are available for a reason. The developer knows it will not really produce in the long run so they try to make money by at least selling it. If they were confident in the EA, they wouldnt be selling it because looking at the bigger picture they can make way more money down the line with it if its actually any good.

Same thing is true for those that offer "mentorship". I dont believe a successful trader who trades for a living would be interested in making extra money by "mentoring" new traders for money. It just sounds ridiculous. I have contacted a few of these so called mentors/gurus back in the day and none of them had any results to show, they just sounded like they know what they are talking about and I guess thats good enough for some people.


But to answer your question, yes you got scammed. It should have been clear to you from the beginning. But I have also been scammed in the past, it was a very similar situation to this one and I knew its probably a scam even before I pulled the trigger. The good thing about your story is that the amount in question is small and you will not go broke because you got screwed and will learn from it. You got your education on the cheap
  • #38
  • Aug 3, 2019 5:19am Aug 3, 2019 5:19am
Quoting OutThere
{quote} I've got out of the world results in my own trading already but point taken.

Why did you even bother with paying for EA then? It doesnt make sense...
  • #39
  • Aug 3, 2019 8:45am Aug 3, 2019 8:45am
Quoting HRTrading
{image}
Thanks for this. I'm glad this situation is getting exposed more and more. That was the purpose of this thread.
  • #40
  • Aug 3, 2019 10:24am Aug 3, 2019 10:24am
Quoting jakara12
{quote} Why did you even bother with paying for EA then? It doesnt make sense...
GREED? lol.

You can never have enough good systems because as it has been debated before, things change and I need something more to rely on. Everybody like a good book or a good movie or a good vacation etc. but is only one good book/movie/vacation is enough?
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