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Discussion in 'Managed Accounts' started by Administrator, Nov 2, 2009.

  1. Administrator

    Administrator Just Administrator :-)

    Sep 24, 2007
    Likes Received:
  2. mike s

    mike s Recruit

    Nov 3, 2009
    Likes Received:
    for Davies UK

    Hi, i've had a couple of below average experiences with managed accounts in the past.
    have you been with fx liberty for long? are they consistent?

  3. rjw

    rjw Recruit

    Jan 12, 2010
    Likes Received:
    potential scammers?

    At first I thought these people were good natured, and had mastered the martingale strategy by incorporating a hedge system. I had a steady 10% monthly profit, and then last week it all went. From 14000 down to 700. In around 48 hours. They sent an email apologising, saying how shocked they are at the loss, and that they would never trade forex again. All very noble. At first I too felt shocked, but then remembered that on their 'home page' they clearly stated, 'It has maximum risk level of 25-40% i.e. Our EA stops placing new trade and close out all open trades'
    Which turned out to be an absolute lie. I emailed them about this. Of course I received no reply. But what did happen since has made me feel the need to warn others. Their home page is still up, only the 'risk level' sentence has been removed!!! So much for stopping trading. And would anyone know if they have broken any laws,misrepresentation? Luckily,I had the foresight to have saved a screen shot of their original home page,should anyone disbelieve me, but, alas, in this unregulated industry, I feel I am only wasting my time?
    Can anyone help me to reclaim the 60% of my account that should have been protected? I doubt it.
: fxliberty

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