Recent content by mycoolhowton

It is a verified trading tracker. You can see Algotechs here: myfxbook.com/members/Algotechs/algotechs-ats-software/2007224 This doesn't mean to say there isn't risk here - there is of course - but unlike Blue Trading it is at least proof that the trades actually happen!

I was with Blue Trading and am also with Algotechs. I withdrew all my funds from Blue Trading in November. Algotechs trades using the MT4 platform and we have access to it. I feel saver with Algotechs than I did with Blue Trading. They also have a verified link to My FX Book - unlike Blue where...

Hi Henrik, This doesn't make any sense. Surely if your account if 50 times bigger than mine, your drawdown would be 25,000. I am a forex trader myself, so yes this is a concern. I will make contact with Ken.

No - what is the point? The accounting firm is clearly a fake. An investment company with 27 million in assets would use the likes of PWC to audit the results, not some small time accountant based in South Africa. It's no different from the My FX Book links, they weren't linked to their...

The accounting firm phone number just rings out and the address is in the middle of the desert - it's likely a fake company!

Drawdown is the percentage of open trades affecting your overall balance. I currently have an Open Trade Balance of -400 on a 2,000 euro account. Plus a margin used of ~100 euro. That's a 25% draw down. The trades are hedged, so I'm not fully sure what strategy Algotechs will use to limit the...

I also received this back when I first invested. I'm also based in Ireland. I've explained this scam several times before, I won't again now, but it's the high returns that turn investors blind to what is really going on. Look back at your trades though. Count those zero profit trades and...

Likewise I have had no issues and I enjoy talking to my account manager Ken. They did change their trading strategy in the new year and currently have a large draw down which isn't ideal - has anyone else experienced this?

A lot of people stopped flying Maylasian Airlines based on this same logic. Surely you won't get fooled twice!

In leveraged trading you can lose more than your account. It would normally happen when there was an extreme swing in a market and the account is margin called but slippage applies, causing a negative balance. In the EU there is a thing known as "Negative Balance Protection" which ensures the...

I can't enter in a domain name in here without it needing to be moderated, but Google Onyx Capital - it looks to be the dot eu extension.

I've had an investor forex account be margin called before - it doesn't mean you lose 10/20% of your account - it means you lose the lot and often more. They mentioned Negative Balance Protection - this just means the broker won't make the trader liable for any loss on the account that goes...

I've had an investor forex account be margin called before - it doesn't mean you lose 10/20% of your account - it means you lose the lot and often more. They mentioned Negative Balance Protection - this just means the broker won't make the trader liable for any loss on the account that goes...

Given that their website has been completely changed, old links removed and new ones added, it seems to suggest that this was pre-planned alright. I'm also guessing that the reason they are asking for no more deposits, is because the bank account has closed. I spoke to a man called "Logan"...

Hi All, Please see my review from the 15th December titled "Too many red flags" - especially the final point about no actual trading. I don't believe any trading actually ever took place. This was about building up enough money in the pot before closing the operation. I expected at some point...