Here's one Futures Galleria Blog an obscure unregulated virtual broker complete with false street address and credentials in Indonesia. Also unregulated in Indonesia or anywhere else
This one is a super scammer because they started by generating their own signal that was very popular under the name of Johnpaul77 to which many people around the world subscribed. Many also became clients of Futures Galleria Blog on Johnpaul's recommendation in order to get better signals.
At some point the signal started to go a flat and subscribers were lost by the very erratic trading. Then after weeks of holding long Eur/Usd and GU with large positions the account was down by 48.66%.
Futures Galleria Blog were able to delete about 38% of the losses and now show only about 10% down on the books but their clients are asking about the missing trades and how can a trade that started out as 1.1 std lots suddenly overnight become a position of .11 lot and why is the difference not shown in the Johnpaul77's history file?
Well many excuses galore but guess what, the money is in the bank. All the clients of Futures Galleria Blog that were subscribed to their recommended Johnpaul77 signal have donated half their account to Futures Galleria Blog. The brokerage has been thrown under the bus (supposedly) by Johnpaul77 and all should be forgiven. I wouldn't be surprised if the brokerage does not vanish overnight with the rest of the funds.
I guess they can always rename their brokerage and keep going with the Johnpaul77 signal and do it all over again. There are so many fish in the sea.
Following is the official excuse for burning everyone's money taken straight off their webpage:
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Dear Traders Family Community,
Throughout our career as a trader, maybe this is one of our biggest disappointment.
Some of you might know that our broker partner, Futures Galleria had terrible failure towards us and their client.
On Monday, 18 August 2014, their process to change the standardization of mini lot size from 1 to 0,1 turned out to be system failure.
Moreover, they did it without any prior notice or announcement to their clients. It had left us in terrible error of trading for the whole 2 days that affected our subscribers and sucked our portfolio’s drawdown nearly 50%.
Many of our subscribers from MQL5 and Myfxbook also suffered from this system failure which resulting loss and trade errors.
On behalf of our clients and subscribers, it has become our duty to make an important decision before it drags them into the depth of kicking and screaming.
Today, we has made the decision to sever our partnership with Futures Galleria as our broker and this decision is final.
Following our decision, we suggest our beloved investors who still have fund in Futures Galleria to withdraw and close their account. We can not provide the client protection at Futures Galleria anymore in the future.
As the result of the decision we have made, we will pause or not trade until further notice.
For investors who still have a trade issue regarding this huge stupid mistake from Futures Galleria, please inform us your account number and transaction order immediately. We will make it up.
We apologize for the inconvenience..
JP
This one is a super scammer because they started by generating their own signal that was very popular under the name of Johnpaul77 to which many people around the world subscribed. Many also became clients of Futures Galleria Blog on Johnpaul's recommendation in order to get better signals.
At some point the signal started to go a flat and subscribers were lost by the very erratic trading. Then after weeks of holding long Eur/Usd and GU with large positions the account was down by 48.66%.
Futures Galleria Blog were able to delete about 38% of the losses and now show only about 10% down on the books but their clients are asking about the missing trades and how can a trade that started out as 1.1 std lots suddenly overnight become a position of .11 lot and why is the difference not shown in the Johnpaul77's history file?
Well many excuses galore but guess what, the money is in the bank. All the clients of Futures Galleria Blog that were subscribed to their recommended Johnpaul77 signal have donated half their account to Futures Galleria Blog. The brokerage has been thrown under the bus (supposedly) by Johnpaul77 and all should be forgiven. I wouldn't be surprised if the brokerage does not vanish overnight with the rest of the funds.
I guess they can always rename their brokerage and keep going with the Johnpaul77 signal and do it all over again. There are so many fish in the sea.
Following is the official excuse for burning everyone's money taken straight off their webpage:
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Dear Traders Family Community,
Throughout our career as a trader, maybe this is one of our biggest disappointment.
Some of you might know that our broker partner, Futures Galleria had terrible failure towards us and their client.
On Monday, 18 August 2014, their process to change the standardization of mini lot size from 1 to 0,1 turned out to be system failure.
Moreover, they did it without any prior notice or announcement to their clients. It had left us in terrible error of trading for the whole 2 days that affected our subscribers and sucked our portfolio’s drawdown nearly 50%.
Many of our subscribers from MQL5 and Myfxbook also suffered from this system failure which resulting loss and trade errors.
On behalf of our clients and subscribers, it has become our duty to make an important decision before it drags them into the depth of kicking and screaming.
Today, we has made the decision to sever our partnership with Futures Galleria as our broker and this decision is final.
Following our decision, we suggest our beloved investors who still have fund in Futures Galleria to withdraw and close their account. We can not provide the client protection at Futures Galleria anymore in the future.
As the result of the decision we have made, we will pause or not trade until further notice.
For investors who still have a trade issue regarding this huge stupid mistake from Futures Galleria, please inform us your account number and transaction order immediately. We will make it up.
We apologize for the inconvenience..
JP