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:

1. They offer fixed (and pretty high) ROI. This is simply a joke in a managed forex account. No forex trader can guarantee you fixed ROI unless he’s backing the deal with his own funds (unlikely)
2. It’s not really a managed account. If you contact them and ask which broker to open an account with they give you bank wire details!!!
3. They have filled ForexBastards.com with fake reviews how great the service is. What a joke
4. Last year the same bloody scammer offered even more ridiculous “investment” at a HYIP forum with just $1,000 minimum and ROI 25-50% for 18 per month.

In short – stay away from this crap please. Don’t believe several good reviews on the net, everyone can create an account at Forexbastads and write a review.

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 scam, who could do anything bad in your account without reason. Please stay away from them.” - at ForeBastards

“my current demo trade history on Zulutrade .. see attached. equity started with $ 50.000 – now $ 43.043 -190 pips

Targus50 just tanked (-800 pips closed in 2 minutes) , and went from nr 1 on the performance list to number 12, showing an overall small loss over 8 weeks.” – at EliteTrader

That’s kind of enough. I would stay away from this service. It’s better to approach signal providers who don’t report such incredible results, but at least don’t fake them.