Dexter Figg
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This is about the Alpari UK office in India. Does anyone have anything to share about this company? I have been trying to open an account with them since June 24th. Alpari UK just sems to keep passing the buck to the India office that passes it back to the UK office.
I have proven that I make profitable trades (40% per month) with low leverage. Do any of you think they don't want traders who win like 13 to 20 trades in a row and no more than 2 consecutive losing trades in between?
This means, with a strict trading strategy and trading just one lot (for instance) if I make 10 wining trades and then 2 losing trades my total profit will be 9 profitable trades (keeping the lot and PIPs earned constant for all orders).
I recently applied for a live account that could be used to offer money management services. I can earn a minimum of 5 percent per week for any account I manage. But there is a limit to how many lots I can trade. So the number of managed accounts for me is limited too.
I have done this month after month on demo platforms. Could this be a deterent for any broker to open an account for me? I did speak to a representative in India yesterday and he agreed that they hedge my trades and if I make a loss they profit and vice versa. Please answer honestly.
Soething about their traders contest. How transparent do you think it is. I mean, I saw people making as much as 4300% profit! but these people just won the 200 USD prize.
They calculate drawdown, profit factor, etc things that are not available to the general public. THey use these parameters to allot points that is tabulated in descending order.
I made a profit of just 52.215 % with 7 days of trading and my results showed 0 profit factor (actually it was 3.32), 0 maxial drawdown (8.95%), my results showed 0,0,0 for all the categories.
Since the person who made 4300% profit came 10th is it not better for Alpari to publish the results as it appears in the statement so we can judge for ourselves? by withholding this data they are at liberty to pick and choose who whty want to give the prize away to, if they are real people at all.
Im just being skeptical I know, but in such a case where transparency is lacking, one can only doubt that there was a prize given away at all!
Please comment.
I have proven that I make profitable trades (40% per month) with low leverage. Do any of you think they don't want traders who win like 13 to 20 trades in a row and no more than 2 consecutive losing trades in between?
This means, with a strict trading strategy and trading just one lot (for instance) if I make 10 wining trades and then 2 losing trades my total profit will be 9 profitable trades (keeping the lot and PIPs earned constant for all orders).
I recently applied for a live account that could be used to offer money management services. I can earn a minimum of 5 percent per week for any account I manage. But there is a limit to how many lots I can trade. So the number of managed accounts for me is limited too.
I have done this month after month on demo platforms. Could this be a deterent for any broker to open an account for me? I did speak to a representative in India yesterday and he agreed that they hedge my trades and if I make a loss they profit and vice versa. Please answer honestly.
Soething about their traders contest. How transparent do you think it is. I mean, I saw people making as much as 4300% profit! but these people just won the 200 USD prize.
They calculate drawdown, profit factor, etc things that are not available to the general public. THey use these parameters to allot points that is tabulated in descending order.
I made a profit of just 52.215 % with 7 days of trading and my results showed 0 profit factor (actually it was 3.32), 0 maxial drawdown (8.95%), my results showed 0,0,0 for all the categories.
Since the person who made 4300% profit came 10th is it not better for Alpari to publish the results as it appears in the statement so we can judge for ourselves? by withholding this data they are at liberty to pick and choose who whty want to give the prize away to, if they are real people at all.
Im just being skeptical I know, but in such a case where transparency is lacking, one can only doubt that there was a prize given away at all!
Please comment.
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