Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing, execution and margin requirements in a live trading environment. Margin 16/6/ · Doubling a trading account is not a problem in a week, any mutt can do it, the problem is keeping it thats the problem. Depending where you are in the market that will Best ways to check if a myfxbook account is a fake: Check if the screenshot of the myfxbook portfolio is clickable or not; Check if the myfxbook account has not been updated for a long If you see an account that uses a “Custom Start Date,” this may indicate that the results are fake. However, a “Custom Start Date” might be used not necessarily to fool anyone. It might be that 12/8/ · Use your computer and search reviews featuring the broker, or the system, or the signal seller. Make sure the testimonials are genuine and do not come from their own ... read more
We just looked at managed Forex accounts and unrealistic profits and the same applies to any claim that a broker or you can make huge amounts of profit easily and with low risk.
Trading currencies by its nature is risky and the facts are the majority of traders lose so beware of the claims of easy wealth. See author's posts. Home Uncategorized Fake Forex Brokers List — Forex Trading Scams Exposed! List of Fake Forex Brokers Scam Forex Broker Capital Exchange LLG AlpsMarkets Margin Elite Matrix Capital Trade Platinex IGM Forex Roiteks FX Energy TradeCentrum.
com BlueTrading. com OlympusMarkets TradeWFX IQTrade24 UniverseMarkets. com Getfinancial. com 1PipFix. com EMPfx. com 2PipFixed. com 4RunnerForex. com 1LotSTP. com MFXBroker. com FXPulp. com EverestMarkets.
com Trade com RoyalGTX. com StarkMarkets. com Image: Currency. com What is Fake Forex Broker Fake forex broker is a scam that was established with the sole intention of stealing money from depositing clients. However, there are so many ways to trick the system these days that this verification platform cannot be trusted all the time. Traders are desperate for trade strategies that will propel them to instant riches. With the emergence of fake experts and malicious brokers out to make easier money from them, traders have no alternative but to seek ways of keeping these con men and women at bay.
There are various ways of achieving this. First, they may opt to learn the tricks to the trade, which is gruesome and time-consuming. Or they may look for experts in the investment field.
However, they are hard to come by these days and for one expert broker or consultant, there are more than a hundred fraudsters. The third option would be to use trading engines or tools that will prove the viability of trading strategies. One such engine is the Myfxbook , which is an analytical tool used by forex traders to prove or disprove the feasibility of trading methods. While myfxbook is an indispensable tool towards eradication of poor trading strategies, there are individuals who have come up with creative and convincing ways of fabricating myfxbook account reports.
With reports of ever-rising equity curves and a high percentage of profits, Forex scammers have been successful in selling fabricated strategies to both beginners and experienced traders. Recommended read: How to Identify Forex Scams in 5 Simple Steps. Scammers know very well that people believe what they see. Therefore, using screenshots of altered myfxbook accounts, they easily win the trust of potential investors.
This article is dedicated to revealing how myfxbook accounts are faked. After careful examination of the information displayed on the website, it became apparent that the site is owned by scammers.
It is unfortunate that such websites appear on the first pages of google search results. With so much garbage on the internet, getting a real investment website is like searching for a needle in a haystack. There is also a list of profitable trades made over the period and an equity graph to visually display his gains. While it may not be prudent to disqualify the information as false, there are signs that indicate that this information is fabricated.
For instance, the presence of extra text on the image from myfxbook account clearly indicates this. With tools like Photoshop, figures can be easily altered to produce the desired results.
It should be noted that genuine websites have images or screenshots that are clickable or have links to the actual myfxbook account where the information can be easily obtained. Non-clickable screenshots with no links are nothing but fabricated images. Recommended read: How To Know If a Forex Trading Signal Is a Scam.
It can be clearly seen that this is a real myfxbook, evidenced by the presence of a link in the URL. The domain name should be exactly this way as highlighted by the red box. Subdomain names or slight changes to the domain name indicate fake websites and should be avoided at all cost. The only place where any potential investor would get valuable insight and verified information is in the real myfxbook account website and nowhere else.
First of all, the company claims that all its trading results are verified by myfxbook. However, there is no single evidence to support the claim aside from the statement properly placed on top of the page. Furthermore, there is no activity on the website apart from a screenshot and a link at the bottom of the page.
The pdf document contains lists of trades allegedly from myfxbook account. However, it cannot be verified that indeed the list of trades are from myfxbook account. Even if the list was verified and obtained from myfxbook account, the last trades were done in January For nine months, there have been no trades.
Fabricated results are altered to showcase positive results while neglecting undesired outcomes and are, therefore, rarely up-to-date. Consider the screenshot above. The website has its trading report and its subsequent link to the myfxbook account, which is a good sign.
However, upon clicking on the link it is noted that the trading closed six months ago- around February. But when you look at the history of the trades, they end in April, and the account was last updated on May, a month later after all trades were closed. Another important issue to note is that all the open trades of the account are private.
So, the last trade closed six months ago, the account was last updated four months ago and the open trades are not present for public scrutiny. The only logical explanation is that most of the open trades were losing trades. Therefore, the trades were intentionally left out during verification process on myfxbook account, so that the trading strategy does not look bad. The open trades were then subsequently set to private. Unfortunately, most people concentrate on gains and the equity curve and overlook other factors such as equity, which are very crucial in the interpretation of trading reports.
To sum up, after this trading account turned bad the owner manipulated myfxbook account settings to still make it look good. Therefore, all Offshore and Non licensed Brokers we recommend to avoid. Besides, most of world regulators forbid and restrict offshore or unregulated brokers from accepting the residents , alike none of offshore Forex Brokers accepting US clients , also Regulators regularly issue Warnings, see FCA Warning list.
Security of funds is always first in Forex trading, for that reason, we recall your attention to open an account with Regulated Brokers only and Avoid Unregulated of Offshore firms. We cant name even 1 best offshore Broker , due to safety lack.
Most often either New or Unsafe Brokers operate fully Offshore, thats why better to avoid them, as necessary safety measures and requirements are rather low and poor. Instead we advise to trade with Reliable Brokers, here some of the Top Regulated brokers :.
Typically there are few reasons why traders look for Offshore or Unregulated Broker , either to access high leverage , or trader is based in a country which does not offer Forex Trading. Yet, we do not advise trading with offshore brokers, and in case you still insist choose International entity of reputable Broker that has additional regulations licenses for better trust.
Security of funds is always first in forex trading, thus, we advise only Regulated Forex Brokers to open account with. Following list is made as Unregulated Brokers Reviews or the Brokers to Avoid for your information in case some offering came across you:. Skip to content Brokers to Avoid Unregulated Brokers Regulated vs Unregulated Brokers How to choose Best Forex broker? Best Offshore Trading Brokers Best Unregulated Brokers List Selecting the Forex Broker or a trading platform?
What is Unregulated Broker? Scam Trading Platform Trading Platform is just a technology offered by the Broker, so even Broker offers well establishedm MT5 or MT4 platforms , it doesnt mean the Broker and offring is a reliable choice.
See some of our finding why Broker establish Unregulated or Offshore Forex Broker: It is a decision of the company where to establish its branch, office or entity, means under which regulations and laws to comply.
While most reputable and scrupulous Brokers will look for serious jurisdictions like UK with FCA Regulation or Australia under ASIC overseeing to ensure safety of clients. In case Broker decides not to be regulated, it can be that either the company saves operational costs, since licensing requires strict capital maintenance and can be very costly, and offshore zones offer easy obtain of license. How to Select Broker? Broker Provides Choose Regulated broker with Top license Money Safety Check trading conditions and account types Trading Strategy Allowed Find out spreads and commission Fair Fees Reach to Customer Support and Education Quality Support.
Broker Reason www. org Ocean Markets Offshore License Ocean Markets Review www.
Selecting the Forex Broker or a trading platform? It is our top priority to choose the most reliable and Safe Forex Trading Provider and define who are Brokers to Avoid. We have done deep research, compared numerous Forex Brokers, trading conditions and made a detailed Review of Most Popular Forex brokers to assist your selection and answer common questions. The Forex Market currently is the largest offering worldwide with hundreds of opportunities and high potential gains, while investors or traders from around the globe seek the most convenient platforms with access to trade, it is important to select reliable Broker to trade through.
Among Market proposals, there is a huge number of Brokers, while some of them are regulated, means hold a license or authorized by the industry regulator, and some companies are not regulated by any, or might be based in offshore zone with weak standards. Read about Forex via Wikipedia.
Trading Platform is just a technology offered by the Broker, so even Broker offers well establishedm MT5 or MT4 platforms , it doesnt mean the Broker and offring is a reliable choice. In fact it can be scam too. See some of our finding why Broker establish Unregulated or Offshore Forex Broker:. In fact, none of the Unregulated Brokers are in our comparison list or marked as recommended ones and we cant compare them truly to Regulated Brokers.
The biggest lack of Unregulated or Offshore Broker is regulation, meaning the gap of safety itself. Therefore, all Offshore and Non licensed Brokers we recommend to avoid. Besides, most of world regulators forbid and restrict offshore or unregulated brokers from accepting the residents , alike none of offshore Forex Brokers accepting US clients , also Regulators regularly issue Warnings, see FCA Warning list.
Security of funds is always first in Forex trading, for that reason, we recall your attention to open an account with Regulated Brokers only and Avoid Unregulated of Offshore firms. We cant name even 1 best offshore Broker , due to safety lack.
Most often either New or Unsafe Brokers operate fully Offshore, thats why better to avoid them, as necessary safety measures and requirements are rather low and poor. Instead we advise to trade with Reliable Brokers, here some of the Top Regulated brokers :.
Typically there are few reasons why traders look for Offshore or Unregulated Broker , either to access high leverage , or trader is based in a country which does not offer Forex Trading. Yet, we do not advise trading with offshore brokers, and in case you still insist choose International entity of reputable Broker that has additional regulations licenses for better trust.
Security of funds is always first in forex trading, thus, we advise only Regulated Forex Brokers to open account with. Following list is made as Unregulated Brokers Reviews or the Brokers to Avoid for your information in case some offering came across you:. Skip to content Brokers to Avoid Unregulated Brokers Regulated vs Unregulated Brokers How to choose Best Forex broker?
Best Offshore Trading Brokers Best Unregulated Brokers List Selecting the Forex Broker or a trading platform? What is Unregulated Broker? Scam Trading Platform Trading Platform is just a technology offered by the Broker, so even Broker offers well establishedm MT5 or MT4 platforms , it doesnt mean the Broker and offring is a reliable choice.
See some of our finding why Broker establish Unregulated or Offshore Forex Broker: It is a decision of the company where to establish its branch, office or entity, means under which regulations and laws to comply. While most reputable and scrupulous Brokers will look for serious jurisdictions like UK with FCA Regulation or Australia under ASIC overseeing to ensure safety of clients.
In case Broker decides not to be regulated, it can be that either the company saves operational costs, since licensing requires strict capital maintenance and can be very costly, and offshore zones offer easy obtain of license. How to Select Broker? Broker Provides Choose Regulated broker with Top license Money Safety Check trading conditions and account types Trading Strategy Allowed Find out spreads and commission Fair Fees Reach to Customer Support and Education Quality Support.
Broker Reason www. org Ocean Markets Offshore License Ocean Markets Review www. com Europe Forex Invest Offshore License. Europe Forex Invest Review www. com Forex Birds Offshore License. Forex Birds Review www. com Blackstone No License Blackstone Review www. uk Capoinvest No License Capoinvest Review www. com Royal GTX No license Royal GTX Review www. net Premium Brokers Offshore License Premium Brokers Review www. net Uptos Offshore License Uptos Review www. com StarkMarkets No License.
Negative Reputation StarkMarkets Review www. com Fx Option Trade No License. Clone Firm. Fx Option Trade Review. org Ocean Markets. Ocean Markets Review. com Europe Forex Invest. Europe Forex Invest Review. com Forex Birds. Forex Birds Review. com Blackstone Blackstone Review. uk Capoinvest. Capoinvest Review. com Royal GTX. Royal GTX Review. net Premium Brokers. Premium Brokers Review.
net Uptos. Uptos Review. com StarkMarkets. StarkMarkets Review. com Fx Option Trade
16/6/ · Doubling a trading account is not a problem in a week, any mutt can do it, the problem is keeping it thats the problem. Depending where you are in the market that will This is a complete listing of The Top 10 Scam and Fake Forex Brokers in Nigeria. In this in-depth write-up you will learn: Fly-by-Night Brokers Beginner Traders in Nigeria must avoid. Cons of 12/8/ · Use your computer and search reviews featuring the broker, or the system, or the signal seller. Make sure the testimonials are genuine and do not come from their own Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing, execution and margin requirements in a live trading environment. Margin If you see an account that uses a “Custom Start Date,” this may indicate that the results are fake. However, a “Custom Start Date” might be used not necessarily to fool anyone. It might be that Best ways to check if a myfxbook account is a fake: Check if the screenshot of the myfxbook portfolio is clickable or not; Check if the myfxbook account has not been updated for a long ... read more
How on earth did he do that and what would he have done had my husband not stopped it there and then. Beware of their tactics. It means that anyone can be easily fooled that an account is real when actually it is not. Then Mr William lee help me trade 1. com Royal GTX. CM Trading 7. Is the fund in your trading account depreciating without your authorization?
All Binary Options brokers are thieves and liars. Please, do not invest with these people. tell him Steven Pritzker referred, he will answer quickly. fake forex trading account do not know what to say i am just over whelmed with joy, contact ……. Pig Butchering Scam: What You Need To Know. She promised me this three times on WhatsApp and email.