Problem latency arbitrage and pirated version of westernpips

[arbiking_epico]

As we all know the above mentioned company produces automated latency arbitrage trading software. That is sold publicly on a wider scale. That means many forex traders use these software to skim off profits from brokers and then there are those who crack these software and sell it to many more on a discounted price. In that process scammers proactively utilize this opportunity and skim people off of their hard earned money. We are here to discuss and point-out such conman.

The temptation of using arbitrage is ruthless because profitability and minimal risk derives it to be the best strategy ever (that`s why it is banned). I also got tempted by it and used it for quite sometime. That`s my own experience that fighting your way up like that sometimes becomes a drag itself.

The main reason of these forums and mass discussions is to negate any possibility of scams that are happening all around us. As I said in the first paragraph that scammers utilize your desire and temptation. Just like that I recently encountered a scammer named #ahmadmusavi953 on google. That man has created a whole website with a cutting edge domain name [westernpips-crack.com/], now this website is the reason he has been scamming a lot of people lately and utilizing on the opportunity. I got scammed off my 350$ that to some is minimal amount but many newbies and even expert traders fall for it because there is nothing to warn them about. Using arbitrage is illegal but scamming people off that`s even more ruthless. As I said I just wanted to try it out and I fell for the temptation. That`s my mistake and I own it. But now I`m posting it to help others to understand that there is no shortcut and beware of these scammers and if you encounter one fell free to post it. Because if you don`t there con thrives!

 

[Pharaoh]

First, the concept of trading is to try to figure out which way price will move so you can make a profit, not to see if you can get ahead of the broker's data feed.

Nearly every broker has rules against latency arbitrage or just shut it down while blaming their alleged LPs. Even if there's a broker currently letting traders get away with it, the broker could decide it breaks their rules at any moment.

Second, buying anything claiming to be cracked software is not only illegal, but you have no way to know if what you're buying is actually a working copy of what it claims to be.

The seller already proved he's a criminal by offering cracked software, so why would you trust him not to sell you some random free EA (which may or may not even open trades) while claiming its a copy of some expensive piece of software? Buying from scum like this also great way to infest your computer with viruses. If the vermin who sell it get busted, they'll happily give up their client lists to try to make their own penalties lighter.

 

[arbiking_epico]

First, the concept of trading is to try to figure out which way price will move so you can make a profit, not to see if you can get ahead of the broker's data feed.

Nearly every broker has rules against latency arbitrage or just shut it down while blaming their alleged LPs. Even if there's a broker currently letting traders get away with it, the broker could decide it breaks their rules at any moment.

Second, buying anything claiming to be cracked software is not only illegal, but you have no way to know if what you're buying is actually a working copy of what it claims to be.

The seller already proved he's a criminal by offering cracked software, so why would you trust him not to sell you some random free EA (which may or may not even open trades) while claiming its a copy of some expensive piece of software? Buying from scum like this also great way to infest your computer with viruses. If the vermin who sell it get busted, they'll happily give up their client lists to try to make their own penalties lighter.

Yes that`s the thing I came to realize!