100% proof it's all a scam.Someone just sent me this. I think this was Nirav a few years ago during his institutional trading days.
View attachment 60659
This is all we need.
Case closed.
Nice one Al, Fruiters etc.
You lot should be lawyers.
Please try to select the correct prefix when making a new thread in this folder.
Discuss is for general discussions of a financial company or issues related to companies.
Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"
Compare is for things like "Which of these 2 (or more) companies is best?"
Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"
Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.
More info coming soon.
100% proof it's all a scam.Someone just sent me this. I think this was Nirav a few years ago during his institutional trading days.
View attachment 60659
Cheers chief. Thing is, it seems there may be some decent content in there but I just hate being lied to when I'm being sold something and this guy is deliberately misleading in some instances and outright lying in others in order to get people to part with their cash and I despise people like that.100% proof it's all a scam.
This is all we need.
Case closed.
Nice one Al, Fruiters etc.
You lot should be lawyers.
Right, I'm out. I'm going to continue building my newly-found consistency and making some serious money, which has been brought about by me taking "NV Scammers" blinding course and allowing me to finally understand and see the markets for what they really are... while you lot spend your days "exposing" more scams and enjoying the fruits of those labours. All the very best. Enjoy yourselves. Gazza out.Cheers chief. Thing is, it seems there may be some decent content in there but I just hate being lied to when I'm being sold something and this guy is deliberately misleading in some instances and outright lying in others in order to get people to part with their cash and I despise people like that.
You will see that I said his average monthly return was over 70% so I used that as the monthly return. Starting at 5k compounding I get £2,913,111 after 1 year.
Even with 40% I'm pretty sure it's over 200k I get £283,469
This is pretty awkward as one of us is wrong and looks a bit of a dick
I just wanted to make a few comments:
I have not purchased NV's course but am considering, I have been a professional trader for 15 years and have managed accounts for both individuals and institutions. Primarily option spread strategies. He offers some in depth info on some methods that I would like to learn more about.
There are no guarantees in this business.
If your a serious trader the price of the course is nothing, if you learn 1 thing that can increase your profitability or reduce your drawdowns it is worth it. If anyone has traded size, you have lost more than the price of his course before you finished your first cup of coffee.
I give him credit in stating the fact that it takes the average institutional trader 2 years before they are let loose and begin making money. Most "want to be traders" will not put in the effort required. Also, institutions don't higher average people. These are extremely qualified individuals taking 2 years to get up and running.
Note on the compounding discussion: capacity issues negate the ability to make the same high returns as an account grows into the $50MM level unless you have a team of traders trading multiple markets on multiple time frames.
Bottom Line: If you think there is some value in NV's offering than participate.
I'll let you know how it goes!
Cheers!
I am thinking about purchasing from TS as well and if am satisfied then I can reach out to G7FX, I'd like to know if the videos you bought on TS are clear and plays without interruption.I've done a fair amount of digging on G7FX and this is what I discovered:
- NV's name is Neerav Vadera
G7FX LIMITED. Free business summary taken from official companies house information. Free alerts. Registered as 06900552
Free company summary for G7FX LIMITED including Companies house registration, overview of business activities, contact details, social networks, website, phone numbers, trading addresses and event historycompanycheck.co.uk
- G7FX originally was incorporated in 2009 then dissolved in 2011.
G7FX LIMITED - Free Company Check
G7FX LIMITED - Free Company Check: financial information, company documents, company directors and board members, contact details, registered office, contacts, map, nature of business, cash at bank, fixed assets, current assets, current liabilities, debtors, due diligence, street view.www.companieslist.co.uk
The newest incarnation is the G7 Group formed earlier this year
- He worked at Barclays Investment Bank for 2 years as an investment advisor
NewRegister
register.fca.org.uk
This is not in line with his Linkdein where he claims to have been a trader at Barclays for 6 years and that G7FX has been around for 11 years. I asked him about this on LinkedIn and he just gave me the run around. He also refused to tell me what prop firm he supposedly worked at.
The funniest thing was that I wrote him an e-mail about the course and got contacted by "head of institutional trading at G7FX" Gary Brewer. To my surprise when looking on trust pilot I find that one of the first reviews ever is by Gary Brewer! When I confronted old Gaz about this he gave me some ridiculous story about how he'd completed the course and then him and NV had hit it off so well that NV had decided to hire him as part of the G7FX team. I'm sure it's just a coincidence that they both have thick London accents and that they didn't know each other prior to the course...
Despite all the above I was curious as he seemed to have some interesting things to say on his YouTube videos and I actually managed to get hold of the course for 70 dollars on TS courses and although it's been useful for someone with very little experience to learn the basic tools and some appproaches I find it unbelievably hard to watch because he waffles and repeats so much. It's also cringe the amount of times he says 'you're not gonna get this anywhere else' etc. So there it is.
Note on the compounding discussion: capacity issues negate the ability to make the same high returns as an account grows into the $50MM level unless you have a team of traders trading multiple markets on multiple time frames.
What I don't understand is he's been reporting these results for quite a while with an average of 70%/month low drawdown and not a single month below +40% but then says the reason he's not rich is the risk per trade if he compounds and he uploads a DIFFERENT account each month to myfx is he needs to empty his account every month for everyday living costs.If someone had a method of reliably getting 40% per month, they'd hit your 50 million level in far less than 2 years. So, where are all the people who made 10-50 million from this?