what the hell? so you want to pay close to a grand for someone for not to go into alot of detail? of course he talks alot, hes trying to explain this compeltley new trading system. and if you dont know how exactly he trades you probably dont understand the topics, go back and watch them, because he shows you multiple examples in every module
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Problem G7FX Nirav NV Scammer
- Thread starter Constantino
- Start date
I am having an issue with a company
Scam Reporters
Sergeant Major
- Messages
- 650
FxMaster
Colonel
- Messages
- 12,247
I suggest going through this !!! New Traders Court !!!
I've been watching Nirav's youtube channel and I follow him on Instagram for quite some time and Constantino does make some valid points.
I've been envolved in the forex industry for almost 3 years and by now I can tell when something looks like a scam or not. And most of the times I've been right. G7fx (Nirav) is one of those cases wich I still haven't figured it out if it is a scam or not. Im going to mention points wich I think are important:
- He has free educational content wich is nice.
- He has verified myfxbook accounts, wich is good. However it's strange why he doesn't have one single account with all the months performance. The fact that he has to use every month a new account seems a bit fishy... It's like he trades multiple account every month and the one wich has better results he uploads.
- The results he shows are unrealistic. 140% one month, 70% the next month, etc. And the drawdown is very small wich looks amazing. If he can show results of this kind of performance during 6 months in one single account (and not multiple accounts) I can say he's probably the best trader I've ever came across. And if you don't this kind of results are unrealistic show me a verified track record with at least 6 months performance in one single account, with a reputable broker (beacuse there are fake verified myfx accounts using shady brokers).
Remember, no matter how good of a strategy you have eventually the market will test it and this kind of results, with such low drawdown, will eventualy fail. Take the example of Anthony wins, one of the best manual traders with a verified account on myfx book. He was making consistently 10% month during 3 years with a max drawdown of around 20%. Recently he blew the account and all the investors money (9 mil) was lost... This just goes to show that even doing 10% month consistently is not easy...
I've been envolved in the forex industry for almost 3 years and by now I can tell when something looks like a scam or not. And most of the times I've been right. G7fx (Nirav) is one of those cases wich I still haven't figured it out if it is a scam or not. Im going to mention points wich I think are important:
- He has free educational content wich is nice.
- He has verified myfxbook accounts, wich is good. However it's strange why he doesn't have one single account with all the months performance. The fact that he has to use every month a new account seems a bit fishy... It's like he trades multiple account every month and the one wich has better results he uploads.
- The results he shows are unrealistic. 140% one month, 70% the next month, etc. And the drawdown is very small wich looks amazing. If he can show results of this kind of performance during 6 months in one single account (and not multiple accounts) I can say he's probably the best trader I've ever came across. And if you don't this kind of results are unrealistic show me a verified track record with at least 6 months performance in one single account, with a reputable broker (beacuse there are fake verified myfx accounts using shady brokers).
Remember, no matter how good of a strategy you have eventually the market will test it and this kind of results, with such low drawdown, will eventualy fail. Take the example of Anthony wins, one of the best manual traders with a verified account on myfx book. He was making consistently 10% month during 3 years with a max drawdown of around 20%. Recently he blew the account and all the investors money (9 mil) was lost... This just goes to show that even doing 10% month consistently is not easy...
I agree. It is way too much profit. But he used to work for a bank and a propiety firm. You HAVE to be the best trader to work for a bank.
I mean we don't have evidence on that. Not that I know of. Because you can write everything you want in LinkedIn, you don't need to verify anything. If there's actual proof that he worked in Barclay's that would be nice.
true
If you can't figure it out maybe this will help:
G7fx has been incorporated this year in April so nowhere near 9 years prop trading.
Why on earth a honest "educator" goes only by initials I don't know but the actual name from what I could gather from Companies House is Neerav.
His LinkedIn profile is as fishy as all the rest, if you look into the connections he has got feedback from professional marketeers.
If you are still not convinced, try asking someone questions on his Instagram, you will get instantly banned.
Judging by his campaign on YouTube he spends a lot of money promoting himself so there must be a lot of people that fall for it, I personally can't stand his " free training" anymore, it makes me sick.
Fruiters
Recruit
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I've done a fair amount of digging on G7FX and this is what I discovered:
- NV's name is Neerav Vadera
companycheck.co.uk
- G7FX originally was incorporated in 2009 then dissolved in 2011.
www.companieslist.co.uk
The newest incarnation is the G7 Group formed earlier this year
- He worked at Barclays Investment Bank for 2 years as an investment advisor
register.fca.org.uk
This is not in line with his Linkdein where he claims to have been a trader at Barclays for 6 years and that G7FX has been around for 11 years. I asked him about this on LinkedIn and he just gave me the run around. He also refused to tell me what prop firm he supposedly worked at.
The funniest thing was that I wrote him an e-mail about the course and got contacted by "head of institutional trading at G7FX" Gary Brewer. To my surprise when looking on trust pilot I find that one of the first reviews ever is by Gary Brewer! When I confronted old Gaz about this he gave me some ridiculous story about how he'd completed the course and then him and NV had hit it off so well that NV had decided to hire him as part of the G7FX team. I'm sure it's just a coincidence that they both have thick London accents and that they didn't know each other prior to the course...
Despite all the above I was curious as he seemed to have some interesting things to say on his YouTube videos and I actually managed to get hold of the course for 70 dollars on TS courses and although it's been useful for someone with very little experience to learn the basic tools and some appproaches I find it unbelievably hard to watch because he waffles and repeats so much. It's also cringe the amount of times he says 'you're not gonna get this anywhere else' etc. So there it is.
- NV's name is Neerav Vadera
G7FX LIMITED. Free business summary taken from official companies house information. Free alerts. Registered as 06900552
Free company summary for G7FX LIMITED including Companies house registration, overview of business activities, contact details, social networks, website, phone numbers, trading addresses and event history
- G7FX originally was incorporated in 2009 then dissolved in 2011.
G7FX LIMITED - Free Company Check
G7FX LIMITED - Free Company Check: financial information, company documents, company directors and board members, contact details, registered office, contacts, map, nature of business, cash at bank, fixed assets, current assets, current liabilities, debtors, due diligence, street view.
www.companieslist.co.uk
The newest incarnation is the G7 Group formed earlier this year
- He worked at Barclays Investment Bank for 2 years as an investment advisor
NewRegister
This is not in line with his Linkdein where he claims to have been a trader at Barclays for 6 years and that G7FX has been around for 11 years. I asked him about this on LinkedIn and he just gave me the run around. He also refused to tell me what prop firm he supposedly worked at.
The funniest thing was that I wrote him an e-mail about the course and got contacted by "head of institutional trading at G7FX" Gary Brewer. To my surprise when looking on trust pilot I find that one of the first reviews ever is by Gary Brewer! When I confronted old Gaz about this he gave me some ridiculous story about how he'd completed the course and then him and NV had hit it off so well that NV had decided to hire him as part of the G7FX team. I'm sure it's just a coincidence that they both have thick London accents and that they didn't know each other prior to the course...
Despite all the above I was curious as he seemed to have some interesting things to say on his YouTube videos and I actually managed to get hold of the course for 70 dollars on TS courses and although it's been useful for someone with very little experience to learn the basic tools and some appproaches I find it unbelievably hard to watch because he waffles and repeats so much. It's also cringe the amount of times he says 'you're not gonna get this anywhere else' etc. So there it is.
