I just received the notifications of this thread, sorry the others were in spam email. Cannot see.
My name is NOT "Patrick Lim" actually, and the fact you would try to even DOX a CLIENT OF YOURS shows what low bottom-feeders EFRI is. I will absolutely not be saying my name now because you are...
The website FinTelegram.news is claiming to be a journalistic fud recovery service but it could not be further from the truth. They have even duped many FPA members and are running another dangerous recovery room scam.
I paid them several hundred Euros for their "European Fund Recovery...
Invest with a brokerage that is regulated in your country. Even then, they often can't help you if something happens. But Dominica is better then Vanuatu or Mashall Islands which I've seen lately now for brokers.
Why risk funds with binary? There is NO binary exchange or liquidity. 100% betting against the house. You'll never win. Forex is risky enough but at least a real market.
Do you mean a BitCoin brokerage that you want to trade with a SPOT market execution price? That's easy to find - I wouldn't mess with the other less stable crypto currencies yet. BTC though can be traded at many MT4/5 brokerages now.
Don't bet on binary options!
Come on people, Is 200:1 leverage really not good enough in FX? Do you need to lose your money faster?
There is no Binary exchange or any real binary market, regulator, etc - don't bet on it.
FX is dangerous enough but at least a real market! :)
Doesn't matter much to me they didn't have an "address" I could visit like Financial Commission, etc.
Even though these regulators don't have the same massive presence - they will help people from countries big or small if you provide simple documentation. The regulators like CySEC and FCA...
Getting regulated in CY costs $500K+ in a total costs. Switzerland or UK is in the millions.
"Vanuatu" is obviously a much different story though - lol.
3500 EUR is a very reasonable starting capital compared to most managed account companies and you can't seriously expect the FPA to invest places before you to "test the waters". Be serious ;)
It's not that they "aren't good" it's that they are mostly not made to last.
If you want 25%+ per month, you must be willing to possibly lose funds.
Big funds that take millionaires etc often do 20% a YEAR. But most Forex traders want those big returns and low DD too. Always look at the DD...
It's probably extremely hard to get Swiss regulation. Even Cyprus is harder now.
Possible they are Swiss / have Swiss connections but can't be regulated there because they aren't a huge institutional fund.
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