Would like to highlight the scam with FX VIP Club for all traders. They provide Managed Forex account with verified account from myfxbook FX VIP Club System | Myfxbook
Their web site is : FX VIP Club. They ask you to open account with Broker Synergyfx.com.au.
The verified account does not match with the actual results. Even today their myfxbook account shows drawdown of only 10%, whereas there has been a margin call on the account.
Here's the email which was sent by them when the drawdown was seen in my account
Email from Max
"Thank you for your message. As per my previous responses, maintenance of open/floating positions is a customary aspect of participating in an ultra-aggressive program such as ours. Discontinuing participation in the program, as a result of a misunderstanding regarding the nature of our strategy, would be a huge disservice to yourself and would cause yourself to endure unnecessary loss.
On that note, and as an integral aspect of achieving these unprecedented aggressive profit figures that we historically attain, we maintain existence of open/floating positions, which remain under direct supervisory management, and oversee them through the use of a sophisticated positional hedging risk mitigation philosophy (buy and sell positions in opposite directions). These trades are overseen over time, via this method, to their proper neutralized or beneficial closure points.
It is also important to recognize and understand the fact that they do NOT represent any form of realized loss, and remain open/floating under our methodologies direct management in order to achieve the out-sized gains (+xx.xx%) we achieve during such a short period.
A quick summary of your account is outlined below:
Initial Deposit: $xxx
Current Balance: $xxx
Total Realized P/L: $xxxx
Once these aggressive profits are accumulated, the open positions are neutralized over time via this positional hedging methodology in order to complete the trading cycle. Canceling your account mid-cycle will cause these open positions to be unnecessarily liquidated at market for loss.
Therefore, we continue to look forward to working together toward the successful long-term development of your valuable investment capital as well as in promptly assisting you with any new queries which may arise.
Warm regards,
Max
Tel. +45 3696 4588
Email: traders@foreignexchangespot.com
1 day Later, Margin call on the account (within 40 days) and their response is as follows :
Hi
Thank you for your message. Unfortunately, we have endured substantial market challenges which have resulted in margin calls. This is the result of extreme market volatility inconsistent with the standard price behavior the underlying methodology is established upon.
Regretfully, it is also a natural and inherent aspect of ultra-speculative and highly aggressive trading.
Max
Tel. +45 3696 4588
Email: traders@foreignexchangespot.com
Their web site is : FX VIP Club. They ask you to open account with Broker Synergyfx.com.au.
The verified account does not match with the actual results. Even today their myfxbook account shows drawdown of only 10%, whereas there has been a margin call on the account.
Here's the email which was sent by them when the drawdown was seen in my account
Email from Max
"Thank you for your message. As per my previous responses, maintenance of open/floating positions is a customary aspect of participating in an ultra-aggressive program such as ours. Discontinuing participation in the program, as a result of a misunderstanding regarding the nature of our strategy, would be a huge disservice to yourself and would cause yourself to endure unnecessary loss.
On that note, and as an integral aspect of achieving these unprecedented aggressive profit figures that we historically attain, we maintain existence of open/floating positions, which remain under direct supervisory management, and oversee them through the use of a sophisticated positional hedging risk mitigation philosophy (buy and sell positions in opposite directions). These trades are overseen over time, via this method, to their proper neutralized or beneficial closure points.
It is also important to recognize and understand the fact that they do NOT represent any form of realized loss, and remain open/floating under our methodologies direct management in order to achieve the out-sized gains (+xx.xx%) we achieve during such a short period.
A quick summary of your account is outlined below:
Initial Deposit: $xxx
Current Balance: $xxx
Total Realized P/L: $xxxx
Once these aggressive profits are accumulated, the open positions are neutralized over time via this positional hedging methodology in order to complete the trading cycle. Canceling your account mid-cycle will cause these open positions to be unnecessarily liquidated at market for loss.
Therefore, we continue to look forward to working together toward the successful long-term development of your valuable investment capital as well as in promptly assisting you with any new queries which may arise.
Warm regards,
Max
Tel. +45 3696 4588
Email: traders@foreignexchangespot.com
1 day Later, Margin call on the account (within 40 days) and their response is as follows :
Hi
Thank you for your message. Unfortunately, we have endured substantial market challenges which have resulted in margin calls. This is the result of extreme market volatility inconsistent with the standard price behavior the underlying methodology is established upon.
Regretfully, it is also a natural and inherent aspect of ultra-speculative and highly aggressive trading.
Max
Tel. +45 3696 4588
Email: traders@foreignexchangespot.com
