Scamdetector
Corporal
- Messages
- 76
Recent case - PAMM manager Jordan made more than $2millions loss from 3 GBP/USD trades. As the results, investors are unhappy because the manager did not stick to the rule of stop loss and 10% risk per trade.
Last week for the trading session from 23/9 to 29/9, Jordan made huge losses and investors were panic. However, Jordan had successful recovered 80% of the losses on Thursday (28/9/2017). However, he placed another two trades on Friday (29/9) and there were floating loss which he intended not to close at loss to meet trading session ends.
He made request from broker to extend the trading session to another week (i.e. till 6/10/2017) and broker accepted his request. Because of this extension, withdrawals made for that trading session were not able to process and continued to the trading session.
Yesterday (3/10/2017), the account was on margin call and more than $2millions funds were loss. Investors suffered more than 95% loss in funds.
In short, Jordan and the broker both are the same person to scam investors. The trading results of Jordan were perfect with average return of 10-15% per month with not more than 20% DD. He successfully got attraction from investors and his account attracted more than $2m funds from $400k when he was unknown or famous.
This incident is totally same case as the previous PAMM manager - DenT.
Both DenT and Jordan used the same tactic to scam investors - i.e extended the trading session and the broker allowed such and investors were not able to withdraw.
Last week for the trading session from 23/9 to 29/9, Jordan made huge losses and investors were panic. However, Jordan had successful recovered 80% of the losses on Thursday (28/9/2017). However, he placed another two trades on Friday (29/9) and there were floating loss which he intended not to close at loss to meet trading session ends.
He made request from broker to extend the trading session to another week (i.e. till 6/10/2017) and broker accepted his request. Because of this extension, withdrawals made for that trading session were not able to process and continued to the trading session.
Yesterday (3/10/2017), the account was on margin call and more than $2millions funds were loss. Investors suffered more than 95% loss in funds.
In short, Jordan and the broker both are the same person to scam investors. The trading results of Jordan were perfect with average return of 10-15% per month with not more than 20% DD. He successfully got attraction from investors and his account attracted more than $2m funds from $400k when he was unknown or famous.
This incident is totally same case as the previous PAMM manager - DenT.
Both DenT and Jordan used the same tactic to scam investors - i.e extended the trading session and the broker allowed such and investors were not able to withdraw.