Exposing For Trade or Fortrade t/a www.fortrade.com, www.fortrade.eu, www.liderforex.com, www.fxlider.com, www.kapitalrs.com

Scam Reporters

Master Sergeant
Messages
318
https://rs.linkedin.com/in/nikola-marjanovic-511901165,this was mine acc.manager also without licence.Lol,what a gang
It's not a problem to have an account manager. Also not a problem that he tries to get the business by motivating the client for more deposits. Its the way it is done. By informing someone some event will happen one indirectly leads inexperienced client to consider it. Then by presenting both options (buy/sell) with adding market sentiment, the agent clearly leads the client to the logical conclusion, based on common sense, while professional market practice is much more complex. The broker relies on client decisions in mass numbers as odds are then in his favor,since he is market maker and majority of clients are over leveraged with weak margin.
That's why many brokers call retail clients 'dumb money'. Not very nice to say, but it's the truth. Finally for those that are luckey to get it right and earn some money, there is a whole set of tools to ouch them back to loss or break even account balance (a zero sum game at best).
And it is the 'legal' way...
 

acertablet

Sergeant
Messages
293
It's not a problem to have an account manager. Also not a problem that he tries to get the business by motivating the client for more deposits. Its the way it is done. By informing someone some event will happen one indirectly leads inexperienced client to consider it. Then by presenting both options (buy/sell) with adding market sentiment, the agent clearly leads the client to the logical conclusion, based on common sense, while professional market practice is much more complex. The broker relies on client decisions in mass numbers as odds are then in his favor,since he is market maker and majority of clients are over leveraged with weak margin.
That's why many brokers call retail clients 'dumb money'. Not very nice to say, but it's the truth. Finally for those that are luckey to get it right and earn some money, there is a whole set of tools to ouch them back to loss or break even account balance (a zero sum game at best).
And it is the 'legal' way...

never take advice from broker, they suppose to be facilitate execution service only. want trading advice, at least go for PAMM/MAM
 

sigitpambudi144

Private
Messages
23
so fortrade actually scam ? Hmm interesting a lot of Fortrade IB still out there offer the acoount under them for new member
 

4evermaat

2nd Lieutenant
Messages
1,965
This is surely commendable and is not something a scam broker would do....
A class action emerges ... :)
Surely you will discuss with the broker first. No matter what, it's a regulated enterprise and should discuss the matter with clients. Hopefully.

Are you kidding? Some of the more sophisticated scams and long cons have regulation and are more adept at finessing their clients out of their cash. IronFx was a great example. XM and AvaTrade are others. In fact, you must assume your fx/cfd broker trades against your best interest, until they prove otherwise.

They usually target 6-8 figure clients. And often use their regulation and smaller client's testimonials as social proof to calmly wait for the big fish.

Regulatory action is after the fact, and is no substitute for clients researching a broker's fundamental business model. If they can trade against their own clients (client loss = company profit), the client is screwed from day 1. It's legalized hustling, and the backend is easy to manipulate.

Regulation alone is social proof only to the uninitiated only. Transparency is much better for all participants. The real question is will the average retail client overcome their greed/gambling impulses quick enough to see this?
 

Scam Reporters

Master Sergeant
Messages
318
Are you kidding? Some of the more sophisticated scams and long cons have regulation and are more adept at finessing their clients out of their cash. IronFx was a great example. XM and AvaTrade are others. In fact, you must assume your fx/cfd broker trades against your best interest, until they prove otherwise.

They usually target 6-8 figure clients. And often use their regulation and smaller client's testimonials as social proof to calmly wait for the big fish.

Regulatory action is after the fact, and is no substitute for clients researching a broker's fundamental business model. If they can trade against their own clients (client loss = company profit), the client is screwed from day 1. It's legalized hustling, and the backend is easy to manipulate.

Regulation alone is social proof only to the uninitiated only. Transparency is much better for all participants. The real question is will the average retail client overcome their greed/gambling impulses quick enough to see this?
I agree. The comment that p***ed you off is an attempt to 'soften' the broker to react and maybe return client money, at least for reputation stake. Failed attempt obviously :confused:.
Given the people behind Fortrade, no money will be returned unless pressed legally. Let's see if FCA and FOS do their job at all, or are just proactive when it comes to issuing licenses and pocketing the money.
 
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