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 ROI unless he’s backing the deal with his own funds (unlikely)
- 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!!!
- They have filled ForexBastards.com with fake reviews how great the service is. What a joke
- 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.