Nemo100... BankDirectFX has been around since 2009. You can even see their site archived on the internet and they have been listed on hedge fund sites. I am going to put my account up on fxstat (I personally dont like myfxbook) in a couple weeks to show you guys results. Honestly, this was worth a test to me because you will find very few companies requiring no upfront fees whatsoever and have a myfxbook. And efafx, bdfx is "non reputable broker" .. what? I had $10K at FinFX which is a broker illegally accepting Americans unregulated in Finland. You think that too? Look at FXCM and big brokers.. they take 2+ Pips on you. Now that is a CON!!
Ryan stated correctly as my research, Belgium doesn't even offically register Forex yet.. about half the developed countries still don't even see FX as an investment. It's VERY new compared to conventional investments.
I propose we reserve judgements until someone has been in the fund for 60 days, there is a significant drawdown, or someone's funds have been mishandled in some way.
Been awhile since coming here. Again i got another spam email from primefundfx, so it reminded me about this forum. Was curious about it so here i am. maybe i won't remember this thread anymore because i have actually reported these primefundfx guys as spammer. They are so annoying. Keep spamming once every few days as if i ever subscribed to their mailing list. Is there any regulation in Europe about mass email spamming? Seriously, dont ever mention yourself as professionals if your only marketing method is spamming emails. Go put some banner advertisements at least for god sake.
and btw want to comment on this one. +2-4 pips is perfectly fine unless you are a scalper with fixed pips TP and scalpers never last long. Not defending FXCM here as i also dont like them (due to their stupid off quotes over time) but seriously I would take FXCM over BDFX or any non regulated broker any day. I also trade exotic pairs for long run like in H4 and D1 for pairs like EURNZD, AUDCHF, and the likes. Do you think these pairs' spread is less than 2 pip? Who cares. Im not a scalper. My TP/SL have been always more than 40-50 pips, sometimes even more than 100 pips, depends on price action, so 2 pips dont make much difference.
you are asking to "reserve judgements" yet you are "belittling" regulated brokers as if it's never important to be regulated. What's worse is, you make judgment on regulated brokers by spread alone. As I said before, regulation is not everything, but it's at least a proof that the broker is there for long run. Not definitive of course but a good sign.
and forex has never been new compared to conventional investments, it's been as old as my grandma. You have no idea what you are talking about. In developed countries, people DO NOT invest to forex companies abroad. They want real company presence, they want real contract signed between them and the broker prior to their deposit, they never felt safe if the forex company is not regulated in their own country. That's how it is. I live in these "developed countries" you are talking about, im also a traveler, and I even have been talking to several serious traders from various countries in skype group. so i know how it is. People in developing countries DO invest in forex but they want real contract signed, they want real company presence, they do not invest in "online" forex companies. So do not ask for "reserve judgment" if you are trying to make prejudice about various stuffs yourself.
In the end, i do not want to accuse PrimeFundFx or BDFX although im still 80% sure they are the same people because they use exactly same words by words when they replied to people questions (read my 1st post here). You won't find 2 people, not even brother or twin brother, use the same word by word for 1 paragraph spontaneously. It's a copy+pasted statement and think with your logic why on earth anyone would copy+paste someone else's opinion. I wouldnt do that. Even if i have the same opinion, let's say with you, i still wouldn't use the same word by word statement. i would write with my own style. Just ask yourself, what kind of person would copy+paste someone else statement to reply to similar questions? That alone should prove it. and i am actually upset that Ryan mentioned someone here about his real name. That's very unprofessional. You are a director of a forex broker for god sake, why on earth you do personal insult? Really crazy. That is another huge minus for me. I never seen any director of any company do that in public forum. seriously.
But anyway i do not want to make judgment here. i would simply skip this primefundfx offer (and recommend you guys to do the same) unless they can be transparent and BDFX get regulated by a well known regulator. Even if one day they done all of these, i would never invest more than 10% of my forex capital. It's not about too good to be true but in order to survive in forex it's never wise to invest more to other "trade managers" than what you trade yourself. It's always wiser to learn how to trade by yourself. I might not earn as much as primefundfx myfxbook stat but 100% per year, and that's with 2 months losing out of last 12, is already very good to me.
Obviously i know diversification is wise hence why i also invested in 2 other MAM managers. what im trying to say is that you shouldn't rely your income on someone else trades. Even if you want to invest in someone else signals or PAMM accounts, make sure it's part of your diversification.
even if one day primefundfx got my attention again (which i seriously doubt but this is talking about "what if"), i still wouldn't invest most of my capital. I would just diversify max. 10% of my balance. Greed is always our number 1 enemy, not just in forex but also in every aspect of our life. Take care people.
