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Investtechfx - interesting business model

Discussion in 'Scam Alerts' started by Peter I., Dec 15, 2010.

  1. Peter I.

    Peter I. Private

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    *** After 3 long weeks of discussions, we finally found an amicable solution for both sides ***
     
    #1 Peter I., Dec 15, 2010
    Last edited: Jan 6, 2011
  2. Pharaoh

    Pharaoh Colonel

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    InvestTechFx seems to like to do this. First accuse the trader of doing something wrong, then say it's ok if they can hold all the money for an extended time.

    I can think of a couple of possible reasons for this. 1. They are a bucketshop and hope you'll lose. 2. They don't have enough cash, so are trying to spread out large withdrawals.

    Of course, if InvestTechFx has a better reason, they can post it here for all to see.
     
  3. Laszlo Dobiasz

    Laszlo Dobiasz Private, 1st Class

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    Hi Peter,

    I've read in an other topic that you are trading with several brokers for many years using EAs. Let me ask something. Are you succesfull in trading with EAs? There are a lot of people who trading with EAs including me, but I've never heard about anyone who made money with forex, nor I.
    Though I multiplied my account balance at investtech, I don't believe that they will pay it. I guess I will lose all my money at the end.
    What do you think, is it possible to find a honest broker whose trading conditions (spreads, commissions, leverage, platform, frequency of requote, etc.) are good enough to make money by EAs?
     
  4. Peter I.

    Peter I. Private

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    Hi Laszlo,
    if you want to, we can discuss it by email (fpa <at> online . de )
    After testing more than 300 EA, i have some EAs running that make consistant profit at ALPARI over 17 months now.
     
    #4 Peter I., Dec 15, 2010
    Last edited: Dec 30, 2010
  5. astagold

    astagold Recruit

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    Hi Peter, I am interested to test your ea (can consider for joint cooperation ;))
     
  6. Louis F

    Louis F Private, 1st Class

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    Dear Peter,

    This is really interesting business model. This is the Investtechfx. This is the SCAM company. I hope, you can help the canadian lawyer.
     
  7. Louis F

    Louis F Private, 1st Class

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    Hi,

    One interesting:
    InvesttechFX Disclaimer November 2010:
    12. Trading Account Abuse - Account holders are strictly forbidden to abuse benefits given in any manner whatsoever or to use it in any manner except as foresaid. Any active trading found to be done by heavy scalping/EA activity with unauthorized, unrecognizable or unreadable EA codes will result in trades related to these abuses being null and void, the immediate closing of the account, and the full refund of the initial deposit.

    InvesttechFX Disclaimer December 2010:
    12. Trading Account Abuse - Account holders are strictly forbidden to abuse benefits given in any manner whatsoever or to use it in any manner except as foresaid. Any active trading found to be done through High Frequency Trading** techniques or by heavy scalping/EA activity with unauthorized, unrecognizable or unreadable EA codes will result in trades related to these abuses being null and void, the immediate closing of the account, and the full refund of the initial deposit.
     
  8. FxChang

    FxChang Private

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    finally after 3 attempts they pay me:

    My first request was the November 26 for $500.... no piad

    My second request was the Dec 8 for $500... no paid


    My third request was the Dec 15 for $1,500.. paid Dec 23 by Paypal

    I still I have money with them, I will continue trading with them.
     
  9. Karl Napp

    Karl Napp Recruit

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    @FXChang
    Did you have to sign an agreement in order to receive the money ? I guess that you've only received your initial deposit and you had to promise to stay with them for 1 more year without withdrawing any money....
     
  10. FxChang

    FxChang Private

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    i not sign any agreement, they paid me my inicial deposit in November ($1000 + 100 bonus).

    this is the first time that I withdraw part of my profit ($1500)
     

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