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 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

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evilspeculator
post Jun 20 2018, 02:08 PM

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QUOTE(Gravity @ Jun 18 2018, 06:47 PM)
Hi guys, i just wanted to share about my recent experience. There are many of my friends came to talk to me regarding MIA/james harrison/odincapital / fintech fx. I believe they are all in the same group. This fake person james harrison traded on odin capital and then now fintech fx.

From my understanding, this guy manage to get double digit return but drawdown is kept at 1%. This is completely nonsense . How can someone achieve this?

Dr fx, is it possible for you to share more info about this fintechfx so more people are aware that they are scam.
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https://www.myfxbook.com/en/members/MIA491/...arrison/2411336

This is the trader's live myfxbook account. He trades Gold. Usually one trade a day.
I have joined and withdrawn profits from it.


evilspeculator
post Jun 21 2018, 02:05 PM

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QUOTE(jack2 @ Jun 20 2018, 04:17 PM)
Don't believe that. They add the trades manually.
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You will get a live account and your account is copied trade live, you can watch it on your MT4.
But if you don't believe, it's ok. I will reap what i sow smile.gif
evilspeculator
post Jun 21 2018, 02:09 PM

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QUOTE(MNet @ Jun 20 2018, 09:38 PM)
u use what broker?
any slippage on entry and exit price compare with the trader?
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Fintech FX broker.
No slippage.
Some days win some days lose, at the end of the month still positive returns.

Those want to believe can try to invest, i have invested and withdrawn profits.
If don't believe, then can try learn trading FX and trade ownself. Which i also do myself.

If want become millionaire in 2 years then don't try FX, go for penny stocks. Some stocks can explode 200 - 400% in a day. smile.gif
evilspeculator
post Jun 21 2018, 04:43 PM

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QUOTE(jack2 @ Jun 21 2018, 03:05 PM)
Don't bluff. I accessed my friend account and the trades are not live. They were added only after closed
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Not sure about your friend. I can see my MT4 the trade opened then position running until it is either closed in profit or loss.
Haha i bluff also not gaining anything. You decide yourself. If you feel its risky then don't invest. If u got extra money then can try.

evilspeculator
post Jun 21 2018, 05:58 PM

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Junior Member
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QUOTE(jack2 @ Jun 21 2018, 05:12 PM)
You try to copy out and see. Then u will know. At the time the trade appears, the trade has opened and going to close at profit.

U are not able to copy when it appears before price diff and in profit.
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Ok i go check and see
evilspeculator
post Jun 22 2018, 09:49 AM

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QUOTE(duplicated @ Jun 22 2018, 04:41 AM)
Some are true. I tried to copy onto a different broker and found that their trades are genuine. However, the risk that they took is enormous.

But I have never seen a track record like above (James Harison). Double digit return with 1% drawdown monthly. He doesn't need your money, really. Why do you think he needs your money with that kind of return? He can risk a little higher (10 times) and have a 10% drawdown and double the money every month.
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He takes a 40% share of our profit that's why.

 

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