Statistically about 80% of FX trader loses while about 20% wins,going by this statistics,I observed that there are various fake brokers out there just to scam traders.These brokers simply use all means and bonus promises to persuade trader/investor to open an account with them.Once this is done,every trade the trader opens are not actually or really executed (Just like trading on demo) but it will show on there useless platforms that the trade has been opened since they believe that the majority of traders loses money.
With this the trader would not be able to detect they are scammers,the trader will believe he/she actually lost his/her money in his losing trades whereas no real trade is actually made(that is the trader is just paper/demo trading).
The only problem this useless bunch of criminals encounter is where the trader actually made profit,they simply frustrate and refuse to process withdrawals,and when they realises the game is about to open publicly they refund the initial deposit of the trader and refuses to process the profit withdrawals. Some of these useless bunch of criminals need to be expose by all means. Dont keep mute if you notice anything shady about your broker so that fellow trader could learn from your mistakes.
Please fellow traders,research extensively before opening account with any brokers,make sure they are not using a forward mail address,they are regulated and dont just believe what they say about themselves or claiming to be regulated,please make sure you cross-check with the supposed regulated body to make sure the info is accurate.
Best of luck in your trading!!
With this the trader would not be able to detect they are scammers,the trader will believe he/she actually lost his/her money in his losing trades whereas no real trade is actually made(that is the trader is just paper/demo trading).
The only problem this useless bunch of criminals encounter is where the trader actually made profit,they simply frustrate and refuse to process withdrawals,and when they realises the game is about to open publicly they refund the initial deposit of the trader and refuses to process the profit withdrawals. Some of these useless bunch of criminals need to be expose by all means. Dont keep mute if you notice anything shady about your broker so that fellow trader could learn from your mistakes.
Please fellow traders,research extensively before opening account with any brokers,make sure they are not using a forward mail address,they are regulated and dont just believe what they say about themselves or claiming to be regulated,please make sure you cross-check with the supposed regulated body to make sure the info is accurate.
Best of luck in your trading!!