fredtrader
Recruit
- Messages
- 3
Hello FPA,
Today I would like to report a Broker and a Scam artist called John Anthony. He Scammed over 1 Million USD in the year 2016 and started his broker JAFX, Which is not regulated anywhere.
We don't even know if John Anthony exists.
I'll start off by telling how the people or the new traders got into this scam.
First of all, he started offering his Binary options signals which were having false stats about his win ratio and started gaining new traders from Facebook marketing and other sources. After knowing this he made a post on Facebook saying that he is about to launch is EA which has a neural network and he spent 6 years to build it, But in reality, it was just a Martingale and Hedge EA, which you can easily find in MQL market or just with a google search.
He Later said there will be 2 types of membership opportunities, one with Profit sharing and the other with full access to the EA. In the page it was mentioned as JAFX, Later he changed the name to JAEA.
In the Facebook post he had mentioned that he will be giving away his EA, but after purchase, he changed the page by telling us that he will be providing PAMM and JA EAR which is like an EA (Trade copier) which we can use with any other Forex broker.
He charged us around 1700 USD just for his JAFX Golden Ticket membership, We all paid using Paypal and we all knew that in Paypal we can dispute within 6 months and he made us wait for 7 months and on the 7th month he posted an update saying that he is going to launch his broker "JAFX". After launch, he offered PAMM one was called JAFX Low risk, and the other was called JAFX High risk.
As estimated there were around 600 Users who had paid for the golden ticket membership.
1700 x 600 = 1,020,000 USD.
Totally, If u estimate he made 1,020,000 USD.
I assume starting a white-label takes only 10,000 USD. I can say that he is running a Pyramid Scheme now.
His Facebook group had 600+ users who had purchased his membership, Later he removed all his posts which had proof of his EA/PAMM or any of the Golden ticket membership information on his website or Facebook group posts.
He then wanted to filter our active traders of his broker and invited them to join his new group on Facebook.
Everything from providing EA By using Fake Screenshots and false report to providing PAMM and Golden ticket membership, this was a SCAM from the beginning.
JAFX, (John Anthony) No doubt has a very good Marketing team with good skills, Their job is to post Fake blog articles recommending new traders to deposit big funds to JAFX. and also recently John Anthony was also sending emails and was posting it in his group for the users to write good reviews and get free money in their trading account.
I don't believe any one who is saying good to JAFX. As we all can see what they did, and how they got away with it.
JAFX is known to manipulate things, But I have all the proofs needed to back my claims.
forum.binaryoptions.net/discussion/2578/jafx-let-the-scamming-begin
Now the ones who are talking against them are getting the refund/compensation, Indirectly they are just shutting the mouth of the ones who are making the noise.
I want FPA Court to be the judge
Thank you
Today I would like to report a Broker and a Scam artist called John Anthony. He Scammed over 1 Million USD in the year 2016 and started his broker JAFX, Which is not regulated anywhere.
We don't even know if John Anthony exists.
I'll start off by telling how the people or the new traders got into this scam.
First of all, he started offering his Binary options signals which were having false stats about his win ratio and started gaining new traders from Facebook marketing and other sources. After knowing this he made a post on Facebook saying that he is about to launch is EA which has a neural network and he spent 6 years to build it, But in reality, it was just a Martingale and Hedge EA, which you can easily find in MQL market or just with a google search.
He Later said there will be 2 types of membership opportunities, one with Profit sharing and the other with full access to the EA. In the page it was mentioned as JAFX, Later he changed the name to JAEA.
In the Facebook post he had mentioned that he will be giving away his EA, but after purchase, he changed the page by telling us that he will be providing PAMM and JA EAR which is like an EA (Trade copier) which we can use with any other Forex broker.
He charged us around 1700 USD just for his JAFX Golden Ticket membership, We all paid using Paypal and we all knew that in Paypal we can dispute within 6 months and he made us wait for 7 months and on the 7th month he posted an update saying that he is going to launch his broker "JAFX". After launch, he offered PAMM one was called JAFX Low risk, and the other was called JAFX High risk.
As estimated there were around 600 Users who had paid for the golden ticket membership.
1700 x 600 = 1,020,000 USD.
Totally, If u estimate he made 1,020,000 USD.
I assume starting a white-label takes only 10,000 USD. I can say that he is running a Pyramid Scheme now.
His Facebook group had 600+ users who had purchased his membership, Later he removed all his posts which had proof of his EA/PAMM or any of the Golden ticket membership information on his website or Facebook group posts.
He then wanted to filter our active traders of his broker and invited them to join his new group on Facebook.
Everything from providing EA By using Fake Screenshots and false report to providing PAMM and Golden ticket membership, this was a SCAM from the beginning.
JAFX, (John Anthony) No doubt has a very good Marketing team with good skills, Their job is to post Fake blog articles recommending new traders to deposit big funds to JAFX. and also recently John Anthony was also sending emails and was posting it in his group for the users to write good reviews and get free money in their trading account.
I don't believe any one who is saying good to JAFX. As we all can see what they did, and how they got away with it.
JAFX is known to manipulate things, But I have all the proofs needed to back my claims.
forum.binaryoptions.net/discussion/2578/jafx-let-the-scamming-begin
Now the ones who are talking against them are getting the refund/compensation, Indirectly they are just shutting the mouth of the ones who are making the noise.
I want FPA Court to be the judge
Thank you