Recent content by sc_trading

I Believe this broker is guilty and have voted as such. However, I would also add that due dilligence was not carried out by the victim (Sanito). Time and time again we are told to double check the broker before commiting our money. Any broker based in a tax haven (like this one in Panama)...

Great work FPA. Very thorough and professional job. Thankyou once again for all your efforts to help protect us small traders.

Wally001. I'm sorry for your loss and this looks very much a scam, however you're point about "How on earth can they trade" when they don't have a license nor are registered leads me to highlight that nobody should trade with an IB or fund manager that isn't registered or regulated. Did you...

Based on the presented evidence so far I would not vote guilty. More evidence required I'm afraid.:ooh:

I'd like to add my thanks also to the FPA and the job they do. You folks should be proud of the work you do, it is much appreciated. The FPA is a stellar website for new traders like myself.

Also agree with Jackson ong & Jonathon Besson's comments. The old adages of buyer beware and "if it sounds to good to be true it probably is" are very appropriate in this case. It smells like a scam but I would not vote either way at the moment. I think that the ASIC should be contacted as well...