Problem G7FX NV Nirav Neerav Vadera Exposed as a Fake Guru

[Rooni]

A bit more investigation reveals some other gems on our favourite scammer. Proven in the pictures below. Caught with Pants down AGAIN!

1. In 2009 and 2010, he operated G7FXFund.com. You can even find some reviews on FPA (probably fake, just like his trustpilot). A trading room where NV provided his subscribers with FX Signals using easy to understand Fundamental and Technical Indicators.
2. He also offered account management (so trading accounts on your behalf)
3. Both of the above are illegal according to FCA. Don't take my word for it, NV says it himself in his G7FX course where he bashes indicators, signals, account managers and all that other #RetailBS. Here he is doing all that himself, straight after leaving Barclays and top Prop Firms! Nasty Scammer!
4. Tried to look up the historic registration for G7FXFund.com domain name (its not in use anymore) and it was registered to the person who designed the site, his name is in the footer of site, Drijen Designs. He lives in Harrow, so did NV. Removed personal details from the site.
5. Open your eyes people. The only experience NV has is of scamming people for over a decade. Links given below, give them some time to load.

• http://web.archive.org/web/20091029221522/http://www.g7fxfund.com/
• https://web.archive.org/web/20100716102827/http://www.g7fxfund.com/

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Oh Dear Me!
You're one of a kind!
I've not seen anyone so far who could go to this length of research! Amazing!!!

I really appreciate the time you've spent researching and reconnaissance of NV .

I tried to look at his professional profile on "Linkedin" and there he mentioned, "CFA Charter holder - Passed Level 1, 2, 3 in the first attempt".

Since I'm a student of CFA Level-1, I tried looking at his name in the member list or "Register" and guess what his name doesn't appear.

He surely knows a few "Catchy Jargon" to make people believe but it turned out to be a big disappointment as he was faking about being a CFA and he NEVER EVER mentioned it with his name i.e. "Neerav Vadera - CFA Member" like Dr. ABC or Mr. Allan Ph.D.

You won't find any CFA "Selling courses online". If you guys know what CFA is.
Hats off to *ManzilFX*.

Stop wasting time on him and if you need to learn and study, I'll give you something authentic from a mentor of Goldman Sachs.

Cheers & Good Luck with trading y'll.

 

[RadekSkylark]

Hello!

Thanks for the time spent preparing the information OP!

Just wanted to say that I watched his free webinar, got interested in the trading method and not as much because of his "verified track record" and not because of the "60%" a month gain with "2-3%" drawdown which instantly seemed a too high of a stretch for me, as I've been trying hard to learn trading myself for few months now almost full time and have managed to lose around 30% of my account using decent risk management in terms of per trade risk/reward etc, so I know from first experience that making money trading is not that easy, even when I know that there are people making 10-20% a month which is really great, so 60% a month was kind of unrealistic for me.

This was the first red flag because I know that BNF (Japanese trader) allegedly turned 15k into ~200 million in 8 years and don't basic, approximate math shows you that he made on average a 10,4% gain a month to do so [200 Mil / 15 k]^(1/(8y x 12 months) = 1,104... If someone would tell me that I can earn 10% a month and use my 15k to become ultra-rich in just 8 years I would ask where do I sign up? Cause if you could compound at a 60% monthly rate, the heck, 40% rate, you would turn 1000$ into 585 million in 5 years, which of course is unreasonable. Also, the fact that he almost didn't have any losing trades seemed odd, as I know BNF (who as I understand is indeed a legitimate person with a real track record) has been talking about losing million in a single trade/trading day, etc, so it does happen even to the best ones.

The second red flag was the fact that in the webinar he kind of said (at least I understood it that way) that at the end of the webinar he is going to provide the "free" DOM and footprint tools, which he did not, of course, claiming they'll be free after you buy the course. So this was the first event in which he lost his credibility in my eye, as he "changed" his wording and did not deliver. I thought to myself "if he has spent so much time and effort to develop a course, tools, etc, he must have watched this webinar over and over again himself to make sure it is as good as he wants it to be before releasing it to the public, so if he would have actually not meant to indicate that he will provide the tools after the webinar he would have had the opportunity to fix this "wording". In the same way, if he really had intended to give the tools away he would have caught himself diverging from his earlier promise and any decent guy would have fixed it to actually provide the tools".

The next red flag for me was how he many times repeated that there is "special coupon code that will expire shortly" also claiming that "he is not doing the usual marketing stuff", which seemed funny to me, as that was exactly what he was doing. Kind of like politicians in communism - they do something everyone sees happening, but at the same time, they say they are not doing it. Kind of funny, but I suppose most people really believe more what they hear not what they see, which to me seems kind of odd, but if that were not true there would be no such webinars. Anyways, this to me was a clear sign that he actually really wants to sell me his course, not teach me "real knowledge because he wants to change industry".

And the last red flag for me was the fact he actually did not give the course away for free. Because as xxfxx said previously, I myself hope that one day I'll become really profitable and be able to find financial freedom, and be able to teach my knowledge for free to the local community teenagers/adults that want to change the life and afterward hopefully to international people. Yes, there may be some small costs involved that would literally be for printing a book or whatever. Anyways, it should cost some tiny bit, like, let's say, at least 2$ for a book, just so that some homeless people do not order the book to make a fire for heating or whatever, as that could well ruin my "charity" for everyone else. Anyways, if someone can even make 15% a month constantly for let's say, 4 years even starting with a 10k account (which is somewhat reasonable) they would become a multi-millionaire so making few hundred bucks of selling a course should not mean anything to them and realy charity should probably be the only thing in mind. Really, anyone who had earned 15% a month for 4 years turning 10k into ~8 Million should have no problems at all to make 3% a month spending only some 2-3h a day max to earn few hundred thousand (~240) a month on their 8 million account, so why the hell you would try to sell someone your course? This is just beyond ridiculous in my mind.

haha I actually would yes! well to be honest I always said once I am good enough (trading & investing) know and understand what I am doing I would give and teach my knowledge for free.

Here is my view, if I am making enough to take care of my family and cover monthly expenses and some % to save or reinvest, then I don't need to charge people £££ for courses. I am not greedy to make more (take take take), i am more of a giver I don't need to be millionaire or filthy rich.

So one day my information would be FREE!

Thank you though for your comments and findings, highly appreciate it.

take care mate!

So at the end for me, it seems that if there is really someone who can actually make real money in the markets and generally want to share his/her knowledge, the course/book or whatever should probably cost something similar to a meal at McDonald's or whatever, because for someone to go to a point where they know their knowledge is life-changing they must have made it to financial freedom at which point making more money this way is just not relevant, as money almost at will can continue to be made in markets. This is not to say though that any free course meets this requirement. The provider should have real honesty and should provide results etc, to show that he is real.

All of this comes only from me watching his "live" webinar (this also is ridiculous marketing which most likely works on most people because if someone would really want to gain you access to the information they would provide it way more conveniently than some "live" webinar which starts at a particular time and cannot be reminded). I have not spent any time looking into how legitimate are his results or anything like that. Just observations and thoughts from the webinar. Because of all said I didn't purchase the course because I do not think it is "the real deal". And everything I've read so far in this post seems to confirm it.

So for anyone reading it and thinking that the OP just wants to bash the NV, just think about the thoughts I've laid down in my post and do they make any real sense, as these are just my thought after seeing the webinar. No research done, kind of "simple logic (?)". Not to start a lengthy discussion about it, but @Francesco_Mordiatti - what I think most have problems with is not actually the information of the course or whatever, but the fact that NV is misleading people into purchasing the course, and when I say misleading, it does not have to be all huge lies, some small ones are enough to gain/take credibility. What I'm saying is - people who actually have serious background should have the benefit of credibility to make claims they have earned to make not people who overstate and mislead, in that sense the "real gurus" should have the earned advantage to sell their knowledge, which indeed would benefit the society as well. So, to say that it doesn't matter if he lies to people to sell them a decent product to me seems flawed, because 1) he takes this opportunity away from real experts who have dedicated their lives to learning this stuff and building courses and 2) it promotes such dishonest behavior for others, who might actually have a bad product, and people might actually lose money and not gain anything of similar value.

P.S. I made this post before reading the 3rd page of this topic, so some things I've had pointed out might have been pointed out previously without me know it, to that end it just shows independent people making independent conclusions. Also to add, I'm not saying that the course is definitely bad or the information provided is not good and cannot make your life-changing gains, what I am saying which goes hand in hand with the OP is that it seems more likely to not be the case based on all the mentioned. Even though - will there be someone actually taking the info, making some tweak/adding something, and making it hugely profitable? Probably, as this happens sometimes, although I don't think someone is going to be making 60% a month constantly.

 

[ILuboc]

Interesting it would seem that there are some who are quick to "bash" and not do the course. Personally I am into month 15 and loving it. Not quite complete as that will be an ongoing thing however I have breathed a long sigh of relief at being able to build a "plan" and stick to it on a simulated account to finally become consistently profitable for over 3 months. Yes it will require you to dispense with your ego and heroics however it will serve you well in education, attitude and ultimately P&L. There you have it.

 

[numes]

I joined just to comment on this thread because there seems to be lot of NV bashing (mostly from one guy though).

I am not a trader by profession but like to trade on the side to earn extra income. I have watched tons of videos on technical analysis on YouTube by snake oil salesman with their mumbo jumbo TA astrology bull****. I somehow landed on NV's YouTube channel I was impressed by this teaching style and his non TA approach to trading using volume and order flow analysis approach.

I purchased his foundational course and pro course on g7fx and it was one hands down one of the best trading courses I have taken. A master teacher who knows how to communicate the concepts and slowly build them up and knows where to emphasize and repeat and where to gloss over.

His course has changed the way I trade and has changed my financial life. For that I will be forever grateful.

 

[Rooni]

Hello!

Thanks for the time spent preparing the information OP!

Just wanted to say that I watched his free webinar, got interested in the trading method and not as much because of his "verified track record" and not because of the "60%" a month gain with "2-3%" drawdown which instantly seemed a too high of a stretch for me, as I've been trying hard to learn trading myself for few months now almost full time and have managed to lose around 30% of my account using decent risk management in terms of per trade risk/reward etc, so I know from first experience that making money trading is not that easy, even when I know that there are people making 10-20% a month which is really great, so 60% a month was kind of unrealistic for me.

This was the first red flag because I know that BNF (Japanese trader) allegedly turned 15k into ~200 million in 8 years and don't basic, approximate math shows you that he made on average a 10,4% gain a month to do so [200 Mil / 15 k]^(1/(8y x 12 months) = 1,104... If someone would tell me that I can earn 10% a month and use my 15k to become ultra-rich in just 8 years I would ask where do I sign up? Cause if you could compound at a 60% monthly rate, the heck, 40% rate, you would turn 1000$ into 585 million in 5 years, which of course is unreasonable. Also, the fact that he almost didn't have any losing trades seemed odd, as I know BNF (who as I understand is indeed a legitimate person with a real track record) has been talking about losing million in a single trade/trading day, etc, so it does happen even to the best ones.

The second red flag was the fact that in the webinar he kind of said (at least I understood it that way) that at the end of the webinar he is going to provide the "free" DOM and footprint tools, which he did not, of course, claiming they'll be free after you buy the course. So this was the first event in which he lost his credibility in my eye, as he "changed" his wording and did not deliver. I thought to myself "if he has spent so much time and effort to develop a course, tools, etc, he must have watched this webinar over and over again himself to make sure it is as good as he wants it to be before releasing it to the public, so if he would have actually not meant to indicate that he will provide the tools after the webinar he would have had the opportunity to fix this "wording". In the same way, if he really had intended to give the tools away he would have caught himself diverging from his earlier promise and any decent guy would have fixed it to actually provide the tools".

The next red flag for me was how he many times repeated that there is "special coupon code that will expire shortly" also claiming that "he is not doing the usual marketing stuff", which seemed funny to me, as that was exactly what he was doing. Kind of like politicians in communism - they do something everyone sees happening, but at the same time, they say they are not doing it. Kind of funny, but I suppose most people really believe more what they hear not what they see, which to me seems kind of odd, but if that were not true there would be no such webinars. Anyways, this to me was a clear sign that he actually really wants to sell me his course, not teach me "real knowledge because he wants to change industry".

And the last red flag for me was the fact he actually did not give the course away for free. Because as xxfxx said previously, I myself hope that one day I'll become really profitable and be able to find financial freedom, and be able to teach my knowledge for free to the local community teenagers/adults that want to change the life and afterward hopefully to international people. Yes, there may be some small costs involved that would literally be for printing a book or whatever. Anyways, it should cost some tiny bit, like, let's say, at least 2$ for a book, just so that some homeless people do not order the book to make a fire for heating or whatever, as that could well ruin my "charity" for everyone else. Anyways, if someone can even make 15% a month constantly for let's say, 4 years even starting with a 10k account (which is somewhat reasonable) they would become a multi-millionaire so making few hundred bucks of selling a course should not mean anything to them and realy charity should probably be the only thing in mind. Really, anyone who had earned 15% a month for 4 years turning 10k into ~8 Million should have no problems at all to make 3% a month spending only some 2-3h a day max to earn few hundred thousand (~240) a month on their 8 million account, so why the hell you would try to sell someone your course? This is just beyond ridiculous in my mind.



So at the end for me, it seems that if there is really someone who can actually make real money in the markets and generally want to share his/her knowledge, the course/book or whatever should probably cost something similar to a meal at McDonald's or whatever, because for someone to go to a point where they know their knowledge is life-changing they must have made it to financial freedom at which point making more money this way is just not relevant, as money almost at will can continue to be made in markets. This is not to say though that any free course meets this requirement. The provider should have real honesty and should provide results etc, to show that he is real.

All of this comes only from me watching his "live" webinar (this also is ridiculous marketing which most likely works on most people because if someone would really want to gain you access to the information they would provide it way more conveniently than some "live" webinar which starts at a particular time and cannot be reminded). I have not spent any time looking into how legitimate are his results or anything like that. Just observations and thoughts from the webinar. Because of all said I didn't purchase the course because I do not think it is "the real deal". And everything I've read so far in this post seems to confirm it.

So for anyone reading it and thinking that the OP just wants to bash the NV, just think about the thoughts I've laid down in my post and do they make any real sense, as these are just my thought after seeing the webinar. No research done, kind of "simple logic (?)". Not to start a lengthy discussion about it, but @Francesco_Mordiatti - what I think most have problems with is not actually the information of the course or whatever, but the fact that NV is misleading people into purchasing the course, and when I say misleading, it does not have to be all huge lies, some small ones are enough to gain/take credibility. What I'm saying is - people who actually have serious background should have the benefit of credibility to make claims they have earned to make not people who overstate and mislead, in that sense the "real gurus" should have the earned advantage to sell their knowledge, which indeed would benefit the society as well. So, to say that it doesn't matter if he lies to people to sell them a decent product to me seems flawed, because 1) he takes this opportunity away from real experts who have dedicated their lives to learning this stuff and building courses and 2) it promotes such dishonest behavior for others, who might actually have a bad product, and people might actually lose money and not gain anything of similar value.

P.S. I made this post before reading the 3rd page of this topic, so some things I've had pointed out might have been pointed out previously without me know it, to that end it just shows independent people making independent conclusions. Also to add, I'm not saying that the course is definitely bad or the information provided is not good and cannot make your life-changing gains, what I am saying which goes hand in hand with the OP is that it seems more likely to not be the case based on all the mentioned. Even though - will there be someone actually taking the info, making some tweak/adding something, and making it hugely profitable? Probably, as this happens sometimes, although I don't think someone is going to be making 60% a month constantly.

Hi Radek,

it is a really good feeling reading your post, precisely reading your observations, which shows you're a keen observer and I believe you will be an amazing learner. Moreover, I see an appetite for you to "Learn & Educate" yourself.
I'm not an online educator (may become one in the future) but I've learned it the hard way.
Currently, I'm coaching a couple of my real mates in my real life, your thrust for knowledge got my attention and if you wanna learn for real and you consider yourself as a serious trader and wanna make it your profession, I'll be humbled to render and share my learning with you for "Free" and this is not NV's "Free" .
Contact me in my inbox and let us evaluate each other.

Cheers!

 

[dpdpdp]

For anyone new reading this, also go through the following reviews on G7FX. People have put in some serious effort to warn you. You owe it to yourself to do some research before spending thousands on a Fake Guru.

• https://www.forexpeacearmy.com/community/threads/g7fx-nirav-nv-scammer.68123/page-7 - From post 69 onwards on Page 7
• https://www.forexpeacearmy.com/comm...av-vadera-verifiedtrading-g7fx-exposed.68391
• https://www.forexpeacearmy.com/community/threads/neerav-nirav-vadera-g7fx-exposed.68532
• https://www.forexfactory.com/thread/465083-nv-trader-is-not-credible-ex-institutional-trader?page=6

Enough has been said in reviews above and shown with proof to put some serious doubt in your mind about NV the scammer. I am not his competitor, have nothing to gain by defaming him, you can check my Insta and other posts about exposing other fake gurus. I hate scammers, hence this post to hopefully warn someone in the future.

NV has spent so much time, planning, resources and effort on creating a 15-hour course which could be a 3-hour course if it was not for his useless rambling, websites, mentoring programs, challenges, Instagram posts, heavy social media marketing etc, its probably the best I have seen in an effort to con people, so he deserves this big post. He does all that and still apparently finds time to trade. I am not as gifted so this review has been in the works for a very long time, as unlike NV, I do have a life.

I bought this course last year and genuinely believed he was a legit trader. I did the foundation course and found it refreshing. I even posted about it on my Instagram page. The concepts of Market Profile, VWAP etc were new to me as I was coming from an FX background. I discovered later that the concepts are not new, the knowledge is out there, you can find it on youtube and other online forums. I initially found "value" in them as it was the first time I came across it. Just as technical analysis, fibs, indicators, price action may be mind-blowing for someone jumping into FX for the first time, the concept of Market Profile, VWAP, Composite, VPOC etc will be fascinating to newbies but well known to those who have read about it before.

But the "value" for me, what was making the course fee worth it was NV's genuine trading background, years of work experience for top institutions, custom-built tools/charts, etc. This industry is full of scammers, so forget the results, here we had a genuine trader teaching us the ways professionals do it. If you take this background away, or it turns out to be a lie, then NV is yet another fake guru, just a bloke doing commentary on some (copied/stolen) content. Tell you what, that's exactly what it is. NV is a nasty scammer providing commentary on stolen content at the same time telling lies about his past. You can go through the links above or see a summary below. Make up your own mind.

1. It is proven that he appeared on Forex Factory in 2013 claiming to be an ex Barclays trader going solo for 4 years and focusing purely on the FX spot market now. It was revealed that he created multiple profiles and he was caught trying to pass off his demo account as real, on one of them. Also proven how he was trying to introduce others to a system with Elliot waves. Now, why would an institutional trader who bashes retail trading, focus purely on FX spot and get inspired by Elliot Waves? There is no mention of DOM, Market Profile, Composites etc. Did he not use these tools in Barclays or discover them later? Smell something fishy?
2. He says multiple times in the course that he worked for a top Prop firm after Barclays. There is no proof that he ever worked at a Proprietary trading firm. It was actually proven when SMB Capital themselves said that he was a TRAINEE last year, what a liar! The plot thickens...
3. There is no proof of his Futures Trading results. Ever see him post results showing S&P 500 or Crude Oil which is what the whole course is about and which makes 95% of his portfolio? He has been seen arguing that "futures account cannot be audited". Well, they can. Just google it and see equivalent sites to myFxbook. Or how about a monthly statement from your broker showing futures trade history. Surely a broker can supply that. Nope, you won't find any. So trading a large Futures Account is a lie.
4. It was proven that his Barclays experience was in non-trading roles so he was definitely not advising Central banks & Hedge Funds as he claims. So some more shady stuff.
5. It is proven that his custom made DOM ladder that he spent ££££ on, was actually STOLEN from John Grady.
6. It is proven that the claims of him watching/trading the DOM for years are false. His words "I did this DOM thing few years ago for a laugh (john grady), wanted to know if I could get into DOM. It is a great tool that requires alot of concentration. Kudos to those who have the skill (I don't)". So claims of him being a DOM wizard are a lie
7. It is proven that his "personally developed sierra custom volume chart" is stolen from the leprivatebanker.com. The source codes are identical. Even the course content is stolen. The terms "cumulative delta", "value migration", "Line in the sand", "composites" are all used in the private bankers 2013 program. STOLEN CONTENT.
8. It is proven that the Footprint tool that NV said was custom made and he spent ££££ to make it is actually the footprint from Order Flow Analytics. STOLEN CONTENT.
9. A lot has been said about his MyFXBook. Whether it's claims that he opens multiple accounts, blowing most, and doubling one or that he has told some people that he needs the FX money so he closes at the end of the month, or the proven fact that his FX account size is a small 1K. Whatever the excuse, if he is a legit trader and FX makes 5% of his portfolio (as he says in the course), he shouldn't need this money to live on so why not keep the myFXbook going to show you can replicate results every month. Secondly, G7FX course is about S&P 500 (ES) and Crude Oil (CL) Trading, it does not teach FX. So showing a myFXbook or even discussing it is IRRELEVANT as you won't get to learn FX Trading from it. But he heavily advertises FX stats so he can pull people in to buy his course. More shady fake guru-type behaviour.
10. It was proven that he photoshopped a picture of him standing in the New York Stock Exchange. Its not a joke, it was actually well done and fits the theme of him lying about his background. It was heavily used to promote himself on social media and also to advertise his mentoring program which he is now charging £3000 for an 8 week course. Yet another money making avenue for this scammer.
11. It was proven that he manipulates myFXbook results. He deposited money into his FX account, which made his account jump by 100%. This resulted in a mismatch of Gain and Abs Gain values. He then makes a youtube video and advertises on social media heavily to show £140% returns. What a scammer!
12. If you have been dealing with G7FX for a long time as I have, you would know the people who work there, by their Instagram IDs or by their names if they reply to your messages. I tried to contact and most of them have left G7FX. They won't say why or reveal inside stories but I am sure they left when they found out the truth. Now, why would they do that if they were not convinced he was a scammer? Who wouldn't want to work with a legit institutional trader? I do not know any of them personally but they have my respect for walking away and not being part of the scam anymore. They have ethics and a conscience. Which nasty NV lacks and continues to find new ways to scam people.

Hopefully the above has convinced you that NV is a scammer, a fraudster, a con artist and you will walk away thanking me and other posters for exposing him. You are welcome! If you are still here, continue reading for some more insights.

1. All bad reviews on TrustPilot are deleted. Everything 5 star remains. No bad reviews, seriously? Which company out there do you know that has such a track record? He surely has hired someone to post fake reviews and delete bad ones. Worry not, a copy of this will also go on TrustPilot, and good luck to him for trying to remove it, I will make sure it stays most probably as the only 1-star review (He flags all bad reviews and asks for proof of purchase which I think most people cannot be bothered to provide but I am happy to do so).
2. The guy never loses. Never shows a failing trade. If he is not in action on a given day, he is conveniently not trading as the markets are "rotational" or the conditions are not suitable or some important life event has come up. He is probably blowing accounts that day so cannot show the results but where is the transparency. Who wins all the time?
3. His LinkedIn profile/CV contains the word N.V. instead of his full name, who calls themselves that professionally? Anyone can write anything on a LinkedIn profile, it's not verified. Do you see recommendations or endorsements from any renowned traders or organizations? Such an experienced trader is bound to have some you would think, no? It is just a means to pull wool over your eyes in an attempt to legitimize his fake credentials.
4. It was proven that he partnered with QUANT FX, decided to create a new company and became Director of Quant GRP LTD but resigned shortly afterwards. I have nothing against QuantFX (I won't bash them as I have no proof of them doing anything shady or trying to scam people) and they are welcome to log in here and set the record straight, but why would an Institutional Trader partner with a Non-Institutional trading company who purely teach Technical Analysis which he hates. I bet there is a good backstory here as to why they went separate ways and I won't be surprised if it turns out that NV faked his background to start a joint venture with the other owner. Maybe they found out and kicked him out. So some more shady stuff.
5. Pays so much money for advertising on all social media platforms. I have seen his ads everywhere. Gone are the days of silly videos of him hiding his face with a stupid mask. They are getting more snazzy. Clearly paying a company to professionally edit them with all the scam money he has made. If you make your bread by trading, double your account at will, you do not need to advertise so much to sell your courses. It's pathetic and cringe. Ever seen an advert for a Ferrari? Exactly! Why would you take the headache of selling courses, putting up with reviews like this, mentor people for 8 weeks, waste time making youtube/social media videos when you can just double your money sitting anywhere in the world. Unless you make more money selling courses/mentoring. Get it ?
6. He is aware of all the FPA posts. He reads them. It bothers him. But he cannot do anything about it, although he is trying to find shady ways to do so. I can see his paid review sites ranking higher in search results now. The forexfactory results are moving down the page although FPA is unaffected for now. It's not beyond him to pay someone to do that.
7. Since all these bad reviews have propped up, he got scared I think, and started this 25KChallenge to distract people. What utter nonsense is that? Even if there are 0 legit traders out there, and no one wins the challenge, how does that make him legit and everything above about him false? Only because he shows a myfxbook which has nothing to do with institutional trading? It's a joke really. The only good thing coming out of this would be if he actually donated to Charity. Don't hold your breath for that to happen though. Even if he did, its not his money, it's the money he scammed from others.
8. So many people have reached out to me to tell me their experience and his history. I have so many other screenshots proving he is fake, proof of conversations of him doing dodgy stuff. A lot from now and some even in the past before he created G7FX. I won't circulate them as NV would find out who gave them to me and those people are concerned that given what a Nasty person he is, as he knows their personal details including family/work details, that its not beyond him to put them in trouble. Just shows you the type of person you are dealing with here. I mean look for yourself, in the detailed planning behind this elaborate scam.
9. Lastly, I am surprised no one has reported him to FCA or organisations like ActionFraud. Would be interesting to know what they say. I will find out It won't be long before he shuts up shop and sails into the sunset with his hundreds of thousands of pounds of scammed money. Let's say 500 students paying £1K each and hundreds paying 3K for mentoring. You do the math. He has done well, hasn't he? Putting that business school knowledge to good use. in scamming people!

There you have it, folks. That's enough food for thought. It's your decision now. If you are still on the fence by reading all the above, then all I can say is may whoever you pray to be with you and guide you to the land of the sane people.

ManzilFX out

Hi there,
Look, I ‘ve bought this course, and there is nothing wrong with it, in a fact, it’s great many ways. The things you brought up against him do not prove anything. Actually, I do not care, that he used indicators in the past, maybe that’s the reason he bashes them all the time. And he is right about it. No wonder he has small trades, as he said himself the price is just 50-50 in the next sec. He said many times, that he hadn’t invented anything new, and all the staff he teaches are on the internet. All he sells is his view on things and he said it from the begining. This guy never claimed himself a guru. You stated NV had stolen this course from others. Well he reitarareted many times, that his course is the same as other institutional training. So, at the and of day, it is, so you should be happy about it. It doesn’t mean he had stollen it, on the contrary, it means he told the truth. As I see it, we would be in trouble had it been total different. I don’t care how many years he had spent on the floor, it is clear, he knows what he is talking about.
Anyway, you did a good job check on him.

 

[akumar]

In post #6 of this thread, I exposed NV's FX Trading style and Myfxbook manipulation. It shows how his trading style can blow accounts, how he manipulates his myfxbook results and how/why he won't keep an FX account running for more than a month.

He is at it again with another myfxbook update for March, laughing and making fun of all these exposing claims and also laughing at people who say that "He runs many myfxbook accounts in parallel and only posts results from positive ones". He laughs saying if he runs 50 accounts with 1K each, thats 50K being risked to show fake profits etc etc

Firstly, no one (atleast not me) said he runs 50 accounts. He runs "multiple" accounts and by raking in, by conservative estimates, almost £1-£2 Million selling Fake Courses/Mentorships, he can afford to do that.

So lets backup that claim first. He is happily showing March myfxbook, what happened to the February one ?

Yes, he was trading FX in February 2021, and yet there is no myFXbook results for that month. Did he blow the account? I am sure he will make excuses or say he did not trade for the whole month etc Lets just get the myfxbook results anyway for February and see what happened for transparency.

People/traders/scholars! should demand for him to provide the link for February to see what happened otherwise he in manipulating stats and my claims of him blowing accounts using his trading style will be true.

How do I know there should be a February myfxbook ? Because he posted his FX Fills. See Below:

View attachment 63439

Now lets talk about the March MyFxbook.

Here is what it looks like - https://www.myfxbook.com/members/VerifiedTrading/g7fx/8122363

View attachment 63440

Using the same principles from my post #6, we can see that:

Expectancy is £36.05 per trade. Total Trades were 168. So Total profit was 36.05 x 168 = Roughly £6056.40

As he was 60% up for the month, that means his account size was £10K. i.e He made 60% profit on a 10K account, which meant profit was around £6056.40 or 6057.10 as his myfxbook shows. Simple maths.

So he finally decided to up the ante, instead of 1K accounts he used previously (proven in post #6), he is now using a 10K account.

So trading style. Again, as shown in post #6, the strategy is based on heavy buying/selling as price approaches key levels. It is then based on hopes and prayers for price to bounce so he can make some quick profit.

As you can see in red boxes, as price is going against him, he is opening more positions. As soon as the price dropped and he was in profit, he closed everything. He opened 15 LOTS in parallel, that's right 15 LOTS on a 10K account. That's £150 per pip!! What a Guru, What amazing money management by this genius Institutional trader.

And see, what was the target? 4 - 10 pips. He closed all trades together at 14:34. Now lets say he was operating a 1:1 risk reward ratio and had a stop loss of 10 pips. If this trade went wrong and everything hit his 10 pip SL, that would be a loss of £1500. Which is 15% loss of his account. Which Guru teaches that? even the pathetic fake ones do not do it. But this institutional legend trades like that. I bet you cannot wait to learn this method

I am sure, whatever your FX knowledge is, you can tell that this is a disaster waiting to happen. When accounts blow up, he hides them (as he did for February most likely). Even if February did not blow up, lets see it for transparency, what do you say ?

One more thing to add. So lets ignore the above (which is pretty hard to ignore) and lets say he can successfully make 60% on demand from FX every month. Why Withdraw? Why not keep the account running. He is apparently making £2K a day from Future trading so clearly does not need this money. So why withdraw. Why not leave it in there and compound it ? I am sure I do not need to teach this institutional trading legend how compound interest works. I am sure he was taught that in business school. But lets for fun, see what he can make in a year if he were to compound his account (reinvest the profits).

View attachment 63441

That's right. He will make £2.8 Million in a year !! What if you do it for 3 years? It jumps to 223 BILIION.
So NV can make 223 BILLION in 3 years and choses not to. What a Saint!

Why doesn't he do it, because he can't consistently make such returns. And if you cannot consistently make returns, you should not boast about short term gains. #TypicalFakeGuru

I say, instead of this stupid 25KChallange, why not do a £2.8 million a year challenge and shut everyone up? So that's starting with a 10K account, making 60% every month, reinvest profits, not making a withdrawal, keep myfxbook running for all to see. Traders, Scholars, please ask him to do so and lets see if he does it. Who doesn't like £2.8 Million a year eh

To end this post, I will tell you what this Fake Guru does. Plasters his 60% gains all over his social platforms and even emails new customers to mislead them.

We have proven he made £6K profit and his deposit was £10K, but he emails customers saying he made a £16000 withdrawal (Over $20K) and look at the text where he says "This email can Change your Life!!"

If all the above is not Fake Guru BS, then please tell me what is. #CaughtWithPantsDownAgain


View attachment 63442


P.S - Competitors don't hate you NV. People despise you because you are a #NastyScammer

your argument is really straightforward and appealing. but I don't understand that Barclays Bank is one of the big banks in the world, so why did Barclays allow him to mention its bank name in his video?

if you own Barclays bank, would you allow anyone to use your bank name to untrustworthy person...? if the answer is NO, then your straightforward and appealing argument rubish.

Barclays Bank allows NV to use its bank name that means he used to work there, it is clear enough that blind people can see.

now don't say Barclays Bank scam as well...

 

[Pharaoh]

your argument is really straightforward and appealing. but I don't understand that Barclays Bank is one of the big banks in the world, so why did Barclays allow him to mention its bank name in his video?

if you own Barclays bank, would you allow anyone to use your bank name to untrustworthy person...? if the answer is NO, then your straightforward and appealing argument rubish.

Barclays Bank allows NV to use its bank name that means he used to work there, it is clear enough that blind people can see.

now don't say Barclays Bank scam as well...

Scammers regularly misused the names of legitimate people and corporations. There was once an amazing breakthrough EA that was sure to work because it was allegedly developed by Steven Hawking. There are even clone websites that impersonate well know financial companies. Believe it or not, Barclays doesn't pre-screen all videos posted to YouTube to check them for possible false claims about them.

Anyone who wants to verify whether or not Nirav really worked for Barclays should email the link to the video to Barclays and ask. If he's publicly bragging about it, there should not be any privacy issues for Barkclays to confirm of deny Nirav's claims. Please post the response here.

 

[Rooni]

your argument is really straightforward and appealing. but I don't understand that Barclays Bank is one of the big banks in the world, so why did Barclays allow him to mention its bank name in his video?

if you own Barclays bank, would you allow anyone to use your bank name to untrustworthy person...? if the answer is NO, then your straightforward and appealing argument rubish.

Barclays Bank allows NV to use its bank name that means he used to work there, it is clear enough that blind people can see.

now don't say Barclays Bank scam as well...

Hi Akumar,

You're right, why Barclays would allow anyone to use their names unless he/she hasn't worked there? How would you know in which capacity he has worked in there? I'd let your Smart-Thick-Brains analyze this idea and come up with another dumb defense and stand tall as a Dolt!
I've another idea for you to contemplate, he claims to be a CFA holder and I've checked the register of CFA for verification and his name isn't there!
I wouldn't be surprised if you'd surface the reason, "Why CFA has allowed him to fake such prestigious degree, He must've owned/earned it".

 

[akumar]

Hi Akumar,

You're right, why Barclays would allow anyone to use their names unless he/she hasn't worked there? How would you know in which capacity he has worked in there? I'd let your Smart-Thick-Brains analyze this idea and come up with another dumb defense and stand tall as a Dolt!
I've another idea for you to contemplate, he claims to be a CFA holder and I've checked the register of CFA for verification and his name isn't there!
I wouldn't be surprised if you'd surface the reason, "Why CFA has allowed him to fake such prestigious degree, He must've owned/earned

Hi rooni, I hope you doing well.
you meant to say that, Barclays is an idiot than you... if so then you should create a course or youtube channel and take Barclay's name in your video, and you must say that you were one of the best traders in Barclays and the most important thing is to show your face to people who watch your video. according to you, Barclays is running by idiots people than you. then we would see, what will happen... I don't understand why don't you just contact Barclays and CFA (oh yeah, because you think you are smarter than people that run Barclays).