QUOTE(SKL @ Oct 8 2021, 11:05 PM)
I can't proof by now. Will update after 1 month of copy trade to see if there's any manipulation.
From just few days of testing I didn't see any manipulation yet.
I can't give conclusion yet to say it's scam or not.
From your expertise show proof that it's manipulation, not by perception of beautiful curve line.
Also please guide me any other method to identify if it's scam beside copy trade.
P/S: I'm not investor of PrimaFX yet so don't assume I'm protecting them.
My expertise and experiences told me PrimaFX do not hold any top tier license, thus it has no credibility and not trustworthy. Offshore broker can do anything they like without strict compliance monitoring. Almost 100% of offshore brokers are the same. SCAM!
I have 15 years FX industry experiences. Logically, if a real trader has such beautiful performances, he/they will not trade with an unknown offshore broker. Why they cant trade with any top tier brokers, reason is they cant manipulate the trades with other brokers.
I taught my team, my investors and students simply learn to read Myfxbook start with checking the broker license, if the broker has no valid top tier license, end your DD, it's a SCAM. Dont waste further time to do any checking. Broker is similar to a BANK, you dont invest or deposit your money with an offshore bank that has no license at all.
If you have seen Forex scams Myfxbook before, all their Myfxbook has similarity, beautiful curve, low drawdown chart, high monthly returns and offshore broker. Check DrFX first post of the thread if you have not seen any Forex scam Myfxbook before. If you need guide, read the first post as well. Scammers also like to create few orders a day only. They have no times to create too many fake trades as long as those fake trades enough to give them the fake ROI. They cant afford to have losing months because this will affect their sales. That's how ponzi scheme work. Try few months drawdown or cant withdraw, the entire pyramid collapsed because marketers and investors confident are affected. In real life, holy grail do not exist, all traders or strategies have drawdown period, except fake FX.
You are FREE to check and share your Myfxbook link for the copy trade account that under good broker. May be you can proof all of us here wrong. I used to be like you, check by copy trade to genuine broker, after so many Forex Scams, i think no point check any further, all are the same. SCAM!
This post has been edited by terrytan: Oct 9 2021, 05:43 AM