This is one of the clients performance:
http://www.myfxbook.com/members/skalizai/real-rizwan-ut-markets/1502589
It looks those classical beautiful track record that almost never loses and then all of a sudden disappears, leaving everyone in despair. The account is trading without stop losses and I'm against this type of trading, for the company to start hedging the positions and start telling clients that the account can't be closed because of the opened positions, it's a matter of time.
My friend opened an account and UT-Markets offered 2 bank accounts in Poland and 1 in Romania, when he checked the polish banks, they were just in Polish and he couldn't check it properly, so he got afraid and didn't fund the account, I said it was the best move he could have done.
Now UT-Market is offering a new investment account with $200K promising above 10% monthly profit, it's still not showing on their website, but it's confirmed on the newsfeed that the clients receive.
I have colleagues that currently are holding a $50K investment account, boasting that they are earning $8-9K from a $50K account (that's 16% profit) I wonder how many will move to $200K in the future, if it keeps like that, I won't be surprise to see a $1M investment account promising 20% a month, people will sell their organs for that.
Some people went to Sofia (Bulgaria) and visited the main HQ, apparently it's a beautiful office and you can see the trading office too, you have to make an appointment before visiting (which I don't agree), but that doesn't make me believe that it's a legit investment .
Now a very good friend of mine is taking his brothers money to add up another $30K, he is willing to take the risk, I already gave my point of view, but when greediness comes first and blind you from seeing the dangerous involved and the possibility of losing all your hard earned money, there is nothing I can do, he will be on the " hoping mode" for the next 5-6 months that it will pay out and generate profits.
So far the company is paying and everyone is happy, but remember what happened to fortressfxfund in Dec last year, it paid it's clients for over 3 years until they vanished, for UT-Markets to do the same, it's not that difficult, since it's an unregulated company and it will be more difficult to track it down.
Perhaps it will continue to pay for several months or even years and we will see people coming here defending UT-Markets (happy clients), but from an unregulated company, I'm out, there is a saying that says the following " When in doubt, stay out"
I've met another colleague that opened a $10K account, after few months decided to close it and got his money successfully, after one month he logging in into his canceled account and out of nowhere, there were profits and he requested a withdrawal, first of all, if the account is closed, how are you able to log in? Second, how does it generate profit from a closed account?
Enjoy your day everyone, remember the saying, " If it's too good to be true......
