They make the statement that it is illegal to mirror trades. I searched the SEC website briefly and could not find such a law- this statement sounds suspect to me. I also would doubt that they could view order flow, where would you get such a feed?
Actually, it is a fact that going long and short at the same time on one forex pair is not allowed by US brokers since spring 2009. It is NFA Compliance rule 2-43. If you try to do it, your broker will offset one position with the other leaving you no position at all. But it is not " illegal " for the trader to do it using 2 accounts. Or you can use a broker in another country. Only the USA have a gazillion new rules now. No wonder many regulated and legit foreign brokers decide to refuse US clients altogether: compliance has become a pain in the posterior.
As for the feed, you can get such service as the brokers themselves use. It s only quite expensive but feed providers accept anybody who is willing to fork a few hundreds dollars per month. I heard that ActTrader recently made their feed available to all at a somewhat more affordable price. I never subscribed to any such professional feed and I cannot comment as to the degree of analytical tools that come with them. BTW, if you use such real time feed to defeat a market maker by front running him ( supposing you find a broker with a slower feed than yours ), he will CANCEL YOUR TRADES when he catches you.
Now, that does nt change anything to what I posted before. The currencycashmachine whatever is a SCAM. Send them your money if you want but you ve been warned. It does nt matter if what they say in their sales pitch sounds informed and professional: their product and their results simply do not match at all what they say.
And dont count too much on that 90 days money back guarantee because I repeat: you are dealing with PROFESSIONAL SCAMMERS WITH A VERY LONG CAREER BEHIND THEM ALREADY. And, even if you manage to get a refund, how will it compensate for your destroyed trading account ?
Now, Bruce W: as you said " If it s a scam, it would be short lived ". Of course, it will be short lived. but why would they care since they constantly have at least 3 active scams and they constantly create new ones under different names ? For the next scam,the guy making the pitch will also have a new face ( just a paid actor ); his fictitious name will be another alias. That time, it will be about another new extraordinary hedge fund BUT IT S ALWAYS THE SAME GUYS.
One more thing...is your Norton ( or whatever protection you re using ) up to date ? It better be because that website wealthinsideralliance you have visited for the sales pitch has 2 medium-risk computer threats in it. Very professional for a hedge fund, right ?
Ok, your Norton is up to date ? You want more scams ? Go straight to their main webpage at wealthinsideralliance.com You ll have a choice between 3 more scams. One by a " John Thomas " one by a " Greg Roy " and one by a " Vivian Lewis ". Vision them all and buy all three if you want, but look at their business address at the bottom of the webpage and google that address: it s a lawyers office in Albuquerque and let me tell ya...those guys need a good lawyer often. Your problem is...suppose you need to run after them...have you ever heard of an attorney-client relationship ? Professional secret and all that ? Good luck finding them.
