Okay so here's the whole story.

This guy is an Indian student that's been trading for five years now.

He is 17 this year.

He opened a company called EmpireFX which I never heard of it before.

This company is about forex trading one.

He told me that :

-His company under dcw (DCW) Prestige
-His company got New Zealand license for FX
-Minimum investment is 1000 USD
-Not guaranteed profit
-Uses MT4 (wth is this) to trade


Because he's introduced to me through a good friend of mine,

so he's offering me to only invest RM500 in this .

The balance of RM3.3k will be paid back once my account starts to generate profits (if possible) .

The profits generated by my account will be split 50:50 .

Once I managed to pay back the balance of 3.3k, he'll not split anymore the profits.

The catch :
-I must pay him the RM500 by Sunday.
-I cannot touch the MT4 account before I"m good with it.
-Google search shows nothing about this (0r maybe I sucked at searching).


Sifu-sifu sekalian out there , please shed some light !
I dw to waste RM500 because I'm still a student and RM500 means a lot to me !


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Update #1 : https://forum.lowyat.net/index.php?showtopi...post&p=74673588

This post has been edited by Y.J.S: Jun 1 2015, 12:47 PM

No, don't waste a cent.

MT4 is a Forex trading platform. If you don't know what it is, and he hasn't given you any more information, you are guaranteed to lose money.

Save your RM500, and you need to pay me only RM5 for that advice. (just joking).

if donno / not sure, better to avoid from joining it....

enuf said

Can you explain more for the bold part?

He said he's a good trader wor

Some more himself will also deposit RM3.3k inside my account (because min amount to open acc is 1000 usd = 3.8k) so if lose money how I repay money back to him ??

he start trade from 12 years old ?

5 years so must be from 13 because including his 5th year mah

Btw he told me his company , EmpireFX just opened 4 months ago under dcw prestige.

He previously worked in isc (wth is this)

In MT4, he can give you access to an "investor" account where you view-only his trading activities, live, as it happens.

If you see him consistently making money with a real account, you may decide to invest then.

So ask him for an investor username/password and see for yourself.

But what if he gives me an investor username/password that doesn't belong to him ??

Anyway to verify ?

Doesn't matter.

Let's say he gave you a username/password that doesn't belong to him, BUT you see the profitable trades being done (by someone unknown), you can copy the same trade using your own account.

But don't worry, if someone actually has access to a profitable system, they would be too busy making money instead of wasting time trying to sell you something.

Yeah something is suspicious.

At first he said RM1800 is okay, the balance RM2000 he can pay for me.

But the condition is I have to clear the sum of RM1800 by Sunday.

Then I said I have no money nor impossible to acquire RM1800 by Sunday because my cash left RM500 only.

Then he said ok again RM500 no problem but have to pay by Sunday .

And as for the trading pattern, I don't know anything about Forex and I don't know how to use MT4.

Can you gimme an easy way to login investor account if there is any ?

Thank you !

Don't put money into what you don't understand.

To invest, first you must understand what you are investing in. There are no short-cuts.

My advice is focus on your studies.

You don't understand ...

My school fees cost a bomb and my parents are getting angrier at me for spending so much ...

I do understand. If there is a fast and easy way to pay school fees, I'm not aware of it.

But I'm sure if you put money into this, you will be even worse off. The rest is up to you.

smells fishy

Then don't cost them more, Forex is not a get rich quick method,
and Rule.2 Don't ever use money you CAN'T afford to lose,
Empire FX or FX Empire? Both different sequence but big difference,
ask him show you his so called website, is he desperate for your funds?
Keep pestering you to deposit? Stay away then, But I cannot make assumptions,
maybe he's a 17 year old forex genius, ask him to provide verified track record

Here's the fkin obvious big catch, I can tell you I'm a fkin good trader too,
and I say hey let me top up funds so you can earn money!
ask yourself:
1) Why would someone wanna help me earn money instead of earning it himself?
2) He trades and he loses money and you need to be a freaking scape-goat to pay for his so called pro trading losses!?
3) How you know he's a good trader when you yourself don't know what trading is?

sorry for double posting anyway, save the 500, invest in yourself,
study more, learn more and good luck

Us that rm500 to enter basic forex classses
Heck,u can find free classes if u search enuf

Get a detailed statement from his MT4. Then show it here, I will tell you if it is a risky investment.

Some investors will give, some don't. Assuming that he doesn't want to give, you ask him these 3 things:
1. How many percentage could he make a month.
2. How many percentage is his maximal drawdown.
3. Briefly describe his strategy.

Forex is a very high risk investment. Be careful.

A good forex trader can make rm500 in no time. He can just wait for a week and get himself the rm500 by trading, so why even need you?

my advice.. keep your RM 500..

U cant take the heat of forex...