Making profits consistently with broker?? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How many of us are already making profit consistently? 49 replies

Making money consistently from the markets 7 replies

my2013EA, the making of consistently 20% monthly 1 reply

How many real accounts have you blown before consistently making money in FX? 61 replies

Can Maximum Profits be Consistently Attained? 38 replies

Attachments: Making profits consistently with broker??
Exit Attachments

Making profits consistently with broker??

  • #21
  • Jun 20, 2009 1:12pm Jun 20, 2009 1:12pm
pimpmutt why not read his blog clearly you haven't read his latest posts. He got his money back but only upto the time they froze his account they did'nt reimburse him for the trades they froze and the 120k he lost in that process He's changed to FXCM once again please read his latest post where he talks about it. As far as I know he's still with FXCM no problems so far.

The other guy is with fxsol, I don't really know anything about that broker so I can't comment.

I was on etoro when all this happened, and was following along. I never traded with fxsol so no idea about that.
  • #22
  • Jun 20, 2009 1:28pm Jun 20, 2009 1:28pm
Quoting pipmutt



http://i39.tinypic.com/2gy9ht2.jpg

lets send this image to MT 5 and tell them (demand !!!), from now on this is what we want to see on the screen... no candles, no bars, no indicators....well, maybe have an option to change the clothes here and there...

would be fun to watch (trade) those guys on the news releases.
  • #23
  • Jun 20, 2009 2:40pm Jun 20, 2009 2:40pm
Quoting fugly
.....they did'nt reimburse him for the trades they froze....
I haven't read through the whole thing but I don't think they froze any trades did they, it was his account they froze pending their inspection. They're saying he closed the trades himself, that's what their logs tell them. He's saying he didn't close the trades, their sysem did. Obviously neither you nor I know which account is true.


Quoting fugly
As far as I know he's still with FXCM no problems so far.
No problems? Other than the ones I read complaining about no telephone support for micro accounts, and the time it takes to credit funds to his account........when I got to the bit about him getting a margin call I lost interest and gave up reading it.


It's all a bit academic anyway, from what's been posted about this incident no-one can say one way or the other whether the company 'play dirty', but anyone with even half a clue about what they're doing wouldn't have an account with a company like that in the first place.
  • #24
  • Jun 20, 2009 2:42pm Jun 20, 2009 2:42pm
Quoting ForexSV
lets send this image to MT 5 and tell them (demand !!!), from now on this is what we want to see on the screen... no candles, no bars, no indicators....well, maybe have an option to change the clothes here and there...

would be fun to watch (trade) those guys on the news releases.
lol, can you imagine, non farm payroll they'd be going nuts!

Couldn't we have nekked wrestling chicks as the currencies, instead of a Sumo and what looks like a cowboy with a handbag?
  • #25
  • Edited 6:44pm Jun 20, 2009 3:25pm | Edited 6:44pm
LOL! - I played with that demo for a while just to watch the races!! - Next version should have aliens vs. humans and other scenarios. VERY Kool!! - They need to let the MT5 User Interface be open for plugins so we can get wacky stuff like that.

Quoting ForexSV
lets send this image to MT 5 and tell them (demand !!!), from now on this is what we want to see on the screen... no candles, no bars, no indicators....well, maybe have an option to change the clothes here and there...

would be fun to watch (trade) those guys on the news releases.
  • #26
  • Jun 21, 2009 9:47pm Jun 21, 2009 9:47pm
Quoting fugly
This trader started out with $100 and turned it into $500000 in a little more than 6 months.

etoro has a live weekly trading challenge where the post the competition results in real time from sunday night when the competition starts till friday night when weekly trading closes and the final results are declared.

This is just like the ibfx or any other trading contests except this is weekly instead of monthly and the total dollar value is shown instead of the percentage increase of the week. You can monitor the competition throughout the week...
Hello fugly,
Can you post the trading results for this person that you have , or a link to the same.

Thanks
  • #27
  • Jun 23, 2009 12:44pm Jun 23, 2009 12:44pm
Hey forexplayer wish you had asked me this a couple of months ago, etoro only has records from dec2008

why not ask him directly in his blog but I very much doubt he'll reply such traders are very low profile they probably won't even claim to be profitable, their loners, social outcasts lol haha, only reason he started the blog is because of being hounded by pm's for mentoring and tips. anyway you can try to ask him he may just reply I don't know and later he even stopped that but used it more of a redressal system to get ppl to know about etoro's unfair practices. My guess is he was hoping the bad publicity would force etoro to pay him what they owed him. i'm not sure



Main purpose of the thread as posted by the OP is whether brokers will try to stop you from making profits if you win big, answer is 'yes' as I've said (with all the detailed proof) BUT it depends on the broker.

Best thing we can learn from the thread is choose your broker carefully.[/quote]
  • #28
  • Jun 24, 2009 4:31am Jun 24, 2009 4:31am
Quoting fugly

Main purpose of the thread as posted by the OP is whether brokers will try to stop you from making profits if you win big, answer is 'yes' as I've said (with all the detailed proof) BUT it depends on the broker.
I'm not disputing that bucketshops manipulate everything to their own advantage but you haven't posted any 'detailed proof' to support your claim that some shops "stop you from making profits if you win big".

eToro froze his account while RetailFX conducted an inspection. Funds were returned to him with the exception of losses from trades which he claimed he hadn't made.

All sounds perfectly reasonable to me, there's nothing to suggest anything underhand.
  • #29
  • Jun 24, 2009 6:01am Jun 24, 2009 6:01am
Quoting pipmutt
I'm not disputing that bucketshops manipulate everything to their own advantage but you haven't posted any 'detailed proof' to support your claim that some shops "stop you from making profits if you win big".
pipmutt complaing about detailed proof. precious!
  • #30
  • Jun 24, 2009 7:36am Jun 24, 2009 7:36am
Quoting pipmutt
I'm not disputing that bucketshops manipulate everything to their own advantage but you haven't posted any 'detailed proof' to support your claim that some shops "stop you from making profits if you win big".

eToro froze his account while RetailFX conducted an inspection. Funds were returned to him with the exception of losses from trades which he claimed he hadn't made.

All sounds perfectly reasonable to me, there's nothing to suggest anything underhand.
Heh heh I have to hand it to you Mutt you sure are some piece of work


first you say

Quote
$180k a week and he was trading on a kiddies game with little men running around the screen? With a company based in Cyprus who share the same address as online gaming and casino companies?

Yeah, ok
Which basically insinuates $180k a week can't be done with etoro. Then when i post all the details you can't find a way out so now you say

Quote
I don't remember reading anything in the reps post about 'malpractice', he didn't specify the reasons for the inspection, just "due to a number of reasons".
which means now you're basically saying it is possible he has made the money but no proof of broker manipulation. So now it can be done but the brokers is innocent. Which is it ? why don't you make up your mind instead of changing your tune?

Then you say

Quote
Anyway, I can't see any update in the last 7 months so for all we know everything may have turned out fine.
and when I point out you're wrong again and tell its indeed been updated just two months ago and you've once again said something without reading you probably check back and find I'm right so you change your tune again.

roflmao



Anyway just one last thing I wasn't going to reply but I'll just say this. If what you say is true it must be a magic platform he had 25 open positions and they were all closed in minute as per the timestamp As you're aware etroro is a very primitive platform although they have made some improvements this year. You can't run api's so you have to close all positions manually. It can not be done in 1 minute.

Why are you arguing simply for the sake of arguing. Well if thats the case no point continuing any further.
  • #31
  • Jun 24, 2009 7:55am Jun 24, 2009 7:55am
Quoting fugly
Heh heh I have to hand it to you Mutt you sure are some piece of work


first you say

Which basically insinuates $180k a week can't be done with etoro. Then when i post all the details you can't find a way out so now you say

which means now you're basically saying it is possible he has made the money but no proof of broker manipulation. So now it can be done but the brokers is innocent. Which is it ? why don't you make up your mind instead of changing your tune?

Then you say

and when I point out you're wrong...
Please show me anything which substantiates or corroborates those figures other than numbers quoted by this 'trader' on his blog.

Please show me where RetailFX said they froze his account because of "some malpractice" as you have stated.

Please show me which trades eToro 'froze' as you claim.

Please show me how eToro manipulated his account as you claim.

Please show anything which substantiates or corroborates your claim that it was eToro who closed trades without the client's agreement.

Thanks
  • #32
  • Jul 9, 2009 3:19am Jul 9, 2009 3:19am
I Personallyhttp://www.hdtv-shows.com/stubby/299...926fe6f1b0.gif Love eToro , and they are paying no problem when you request payouts. even if its a big once... they have this funny image on the start tho haha
  • #33
  • Jul 10, 2009 3:28pm Jul 10, 2009 3:28pm
I read through this whole thread to see if there are any good recommendations for a decent broker and there are none...
  • #34
  • Jul 10, 2009 3:33pm Jul 10, 2009 3:33pm
Quoting fxgrnwise
I read through this whole thread to see if there are any good recommendations for a decent broker and there are none...
Alpari (UK) Limited are good brokers. Never had a problem making money or withdrawing profits.
  • #35
  • Jul 10, 2009 3:42pm Jul 10, 2009 3:42pm
Thankyou Scooby doo I'll check them out
  • #36
  • Jul 10, 2009 3:44pm Jul 10, 2009 3:44pm
I've spent two days reading almost every broker review with at least a three star rating on forexpeacearmy,looking for someone outside US
  • #37
  • Last Post: Jul 10, 2009 3:49pm Jul 10, 2009 3:49pm
Quoting fxgrnwise
Thankyou Scooby doo I'll check them out
Also, they are regulated by the FSA. So upto GBP 55,000 of my account funds are gauranteed by the UK Government. I dont know if this applies to none UK residents but just email them and they will tell you.

Basically, if Alpari (UK) go bankcrupt then upto GBP 55,000 of my money is safe on deposit.

But check your status with them if outside the UK.

Good luck mate.

PS. They also allow hedging and stop/limit orders.
0 traders viewing now