Following this trader on SimpleTrader.Net their performance seems very sketchy and questionable. After looking over their Facebook and their signal information, the trader clearly misrepresents this signal as being low risk and low drawdown when in fact its not and far from it. Holds trades for very large and risky swings over 1000 pips and over 30% open drawdown compared with the low 10% they state on their website. Also this track record provided on FPA does not match their master account for their signal. On their website they claim their account uses 1:200 leverage actually uses TradersWay 1:1000 leverage. This was evident on their MyFXBook which was recently deleted by this service provider. I would recommend that anyone looking at this signal take extreme caution.
SimpleTrader is also investigating an issue to where trades were opened/closed for profit over the weekend which can be seen by looking at their trading history on ST.
https://www.simpletrader.net/signal/5045/Interactive-Traders.html
How is that possible to close trades in profit and their followers not receive their latest NZD/USD trades and also trade on a Saturday???? I am also talking to someone who has subscribed for over 4 months that was also misled heavily on this signal and the operator clearly on their own Facebook page said that setting their hard stop at 20% was more than sufficient. This resulted in the trades being cut by the copier and the subscriber losing over $7,000.00 in one shot.
Stop losses? According to their website they claim they always use stop losses. In fact, they are barely used in the trades transmitted. The overall strategy is extremely risky leaving their customers exposed as they did for Brexit with over 1000 pips in open positions. Their USD/JPY they listed as profitable actually closed negative and a big negative almost 500 pips -$1200.00 for 1 person. This provider is manipulating their results and does not provide safe service. I would highly recommend against anyone signing up with them until they can justify some of this.
I am also making a link here between another company recently found guilty by FPA as being a SCAM. When I finalize this information, I will post it here.
