In recent years we have seen more and more EA’s (expert advisors) with extraordinary historical performance, being listed for sale. Several thousand percents return in profit isn’t unusual, and a price tag of $1,000 or more is seemingly the new normal.
To a layperson, this might seem ludicrous because;
Everyone knows that high return equals high risk and who would pay top dollar for a high-risk strategy; and even with a high-risk strategy, 1,000% return or more, in a short period, smells like a scam!
There is however, one key aspect here, which changes everything; proof of historical performance, via MyFxBook. This is one of the most trusted [...]
I was researching for new good managed accounts since Galleon, FXCM and FxStreet aren’t doing great. There are several good ones which will be reviewed soon, but their minimums are between $25,000 and $50,000.
I wanted to find something with lower minimum and ended up at Pip City. Let me save you from further stories – this “company” is scam. They are completely anonymous and offer 25% fixed monthly ROI with $10,000 minimum. The “managed account” program is for six months.
How I know this is scam:They offer fixed (and pretty high) ROI. This is simply a joke in a managed forex account. No forex trader can guarantee you fixed [...]
A couple of years ago I was naive enough to believe everything written on websites. So I came across ZuluTrade.com and was really impressed. They show thousands of pips profits each and every month and it’s almost impossible to see any loss.
Now that’s a service that I would dream to have.
But it’s just too good to be true:All these stats are from demo accounts and most people say they are fake My Demo account hit a margin call and I am not the only one There is no reliable contact information – only email addresses
I decided to check other people’s experience and found mostly scam complains:
“These guys are totally [...]