Someone found out about FPA, this investor Marius is one of the only investor who is questioning about the investment.
It's okay to raise questions, and for those who think I'm a hater, not at all, this thread and the other ones are here to investigate a new type of forex investment, where investors send their money via e-wallets and straight to the trader's account, which can lead to a big scam, because the investment is based on the trust that the trader will give the money back to the investors. Simple as that.
Let's talk about some comments:
Amrut Kulkarni: "What are we seeing every week, profits getting generated,
it can't be wrong, how can anyone call a
HYIP without watching the videos?
Definition of HYIP by Investopedia:
A fraudulent
Investment Scheme that purports to deliver extraordinarily
high returns on investment. High-yield investment schemes often advertise yields of more than
100% per year in order to lure in victims. In reality, these high-yield investment programs are
Ponzi schemes, and the organizers aim to steal the money invested.
Well, do I need to say anything else? In this case, the investment is promising about +780% a year, therefore, it is a HYIP.
It can't be wrong? Of course it can, this investor has never being scammed before, watching the videos it's not a proof that the investment is legal, perhaps the trades are real, but the investment is not. ask yourself, where am I sending my money? Is there any contract between me and the manager? What guarantees I have on my investment?
Tamoor Tariq: You look a great trader, if you're really making up to 15% every week, if you open a $10K account for yourself, and let's say you manage to grab +15% weekly for one year, you'll have in your bank account $ 2.814.749,47 (Million), so why do you need to trade other people's money and get much less than that from commission? Unless you're a good Samaritan that wants to help people, if you really have good intention, go ahead and make the investment regulated, approach the brokers you're currently trading, set up a PAMM account, sign LPOA between you and the clients, be regulated under FCA, or NFA jurisdiction, get your trader license, file taxes from the profits made and instruct members to do the same. Then I'll change my mind against this type of investment.
This is his myfxbook:
http://www.myfxbook.com/members/tamoorraja/certainity/1823991
It used to have two trading system that generated over +100% in few weeks, now they disappear and there is one called certainity, which has generated over 188% in 3 months, amazing isn't it? But by looking at the equity, he doesn't trade with stop losses and the real equity is +33%, because of the opened trades. But of course, the investors don't know behind the curtains and they don't actually care, as long profits are coming, this is what matters in the end for the investors. If the previous 2 system disappears, it looks the account has blown up and as usual, a new account is created.
By not trading with stop losses, the whole investment can collapse if there is a big event and there is no time for the trader to close the positions, apparently he trades with 7 different accounts, so this is only one that he is posting on myfxbook, if you want to be transparent, post all your trading accounts on myfxbook.
Tamoor Tariq has been trading on the Forex Market for about 1 year, usually it takes several years for a trader to master the techniques and become consistent profitable, unless he is one in one Billion that has mastered this in a short amount of time.