Warning: List of current scammers - do not engage!!!

Hi, Folks

Citypremier Fx - def a scammer- don't have anythng to do with them- you have been warned

Goodboy - another scammer - keeps coming back to persuade others he is a great trader- peeps have already lost money - margin call a week ago

Andy W - banned from this forum again and still asking for huge monthly payments for poor trades/stop fxbook upadting when losing money
Everyone is welcome to keep up to date, I will as time allows.

MT

Have you found that they are scammers from your own experience? You lost money? if yes could you tell about it and is it possible in such cases prove smth and return money? I haven't been in such situations but I think everyone should know how to act..

DON'T KNOW ABOUT GoodBoy BUT CityPremierFX has scammed me and others. Goodboy remains to be seen..

I have read the thread of GoodBoy, it seems that he is really a scammer but I cannot confirm of prove it. Personly I didn't have any deals with him. aagarcia You can find his thread and analyse

Goodboy seems tome a bit ambitious and not really a scam, since he has a TE to back up his claim to fame and if you would be investing "money you can afford to loose" you can change your password if you experience intolerable dd.

I think he is asking for too much, 35% and $10,000 minimum capital, he should just float a PAMM and not bother struggling FF traders.

Don't know anything about Goodboy.

Citypremier should BURN IN HELL!!!

Hi, Lucky
I spend some of my time of my time talking to traders who have been scammed & helping new traders not to engage with scams and lose their money.

HOW DO THE SCAMMERS WORK?
One of the issues is most of these people cannot trade, will never be able to but set out to deceive others. They do not run businesses officially, pay no tax so they cannot be traced. They have no contact details, address,hide behind a number of aliases, will not give their name away and anonymous websites etc. They trade and people lose money and they start all over again in the previous name or another, hooking people in as they go, making money as they go. It is a great business model charging people for their so called services!
Remember, this issue is not just affecting people who want their funds traded. As soon as someone tells another, they can get huge returns for whatever it is or something for very little, people fall for it. So the scammers carry on - taking money out of pockets. Where money can be scammed, criminal gangs can be at work as well as the scammer in their bedroom at home!

IS MY MONEY AT RISK?
You take all the risk when you let these people trade your account or your money goes into a managed account. It is not possible to get any money back. It has been tried by a few people to no avail because they cannot be traced.

When you invest any money even with a legitimate regulated companies, the risk is with the investor, there is no protection against erratic trading or poor returns. However, at least with regulated companies, your funds should have some protection if they go bust under most countries schemes.

HOW CAN I PROTECT MYSELF

STOP EXPECTING HUGE GAINS - IF PEOPLE FOLLOW THIS ONE RULE- IT WILL FILTER OUT AT LEAST 95% OF SCAMMERS - MOST PEOPLE WILL NOT LOSE THEIR MONEY!
If someone you have never heard off advertise on a forum, OR creates a website claiming they can produce gains better than the best traders in the world, WALK AWAY!!

IF THERE IS NO BUSINESS ADDRESS, NAME, NO TRACK RECORD, NO CONTACT DETAILS - WALK AWAY - scammers do not have these details available.

It is your money - protect it as I am sure it took work to get it.
BE RESPONSIBLE - at the end of the day it is up to you to do your due diligence.

There are a number of people on here (including myself) who spend our time warning about the scams using our experience of trading to provide another perspective.

WE CAN'T HOPE TO PROTECT YOU IF YOU DON'T WANT TO LISTEN

MT

I always believed that the best way to protect you money is to be responsible for it by youself. I never tried PAMM accounts, I have been triyng to get money by my own efforts, don't have much success in trading but I believe that my skills will give a result some day.

mb you are right. Less participants in your money - less problems))

Thanks a lot for all these warnings and advice. Everyone should know these simple rules. And I hope less people will lose their money beause of someone's greediness and dishonesty

Thanks, Lucky

We all hate to see people lose money through scams.

MT

Well said!! Trading takes more time to master than most think.

Well peeps

It is september and the scammers are busy taking money off the unwary!!

In the last week:

Goodboy has margin called his account and the copiers at FXjunction.

Andyw - one of the biggest scammers has a new FF profile. - NOW BANNED AGAIN FROM FF

In my point of view, margin call is not a scam activity, except if he/she gives a guarantee that his/her trading will always profit.
CMIIW

Hi,

No one can give any guarantee about returns. HE has a margin call which means all people coping him will have lost their money too.

Agreed! Do you have any updates about them?

Update

Good boy is trading on fxjunction again, waiting for his next drawdown

If someone in this forum ask money from you to let them trade for you, please don't believe. No such things winning is guarantee. You have been warned if not listening. Hope this post will give some awareness to the people in here.

March 31, 2017

Ok Mytrader , we update the list of scammers with the biggest trickster & liar & thief of ForexFactory : GHOSTBIKER !

In his threads which - as a coward - he blocked , he continues to post falsified and cropped screenshots , but THESE are the real results of this insane scammer.

Look at weekly and monthly results of his insane EA .

PS : These are real data certified by ForexFactory TradeExplorers .

PS2 : poor GB's customers ! What are you waiting to withdraw your money from the hands of this fraudster (if you can) ...?

This Week : - 524 (!!) Pips , - 13,2 % (!! ) Return.
This Month : - 337 Pips , - 8 % Return .

Attached Image (click to enlarge)

Attached Image (click to enlarge)

If you read this, scammers ( as Ghostbiker ) will fear you :

"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 ? "

By STINKY member. Thank you very much , Stinky !