Hi, I think it is quite easy to conclude that those guys at Fortress Fund and Knight Capital are Scammers of first class. I believe it is Ponzi inspired. I will elaborate why i think so:
1. After reading all the comments, it is for me "clear" to see what seems to be going on. After account opening and funds are made from a client, Fortress immediately open hedged positions so that they instantly know that the clients money are locked in, and cannot be withdrawn, due to the written context in the MAM agreement. So know they know that the money are there and until further untouchable. But that does not mean that all clients does not get their money...In Ponzi you pay out to clients with fresh money, that will come in. So if one can lock the money as they do, they have controll and can now pay who they want, and put others on waiting list until fresh money is coming in.
2. The reason they get fresh money, is that they present fantastic results. How can they do that and show it on a respectable site like MyFxBook. The reason is (according to my studies) that any white label broker (a broker that franchise on another broker / liquidity provider) has acces to all meta data on the system. Only if you are licensed user of Metaquotes you can do that. But it is inexpensive to be a white label customer, and hence get acces to "backoffice" and do the manipulation.
3. I personally contacted this Knight Capital, asking them if they had a office in Finland, and their address. I got an address and googled it. It is a virtual office address, where you can have a office for a few bucks a month.
I simply see to many re-flags in all this, and i would personally NEVER invest with a company like this.
1. After reading all the comments, it is for me "clear" to see what seems to be going on. After account opening and funds are made from a client, Fortress immediately open hedged positions so that they instantly know that the clients money are locked in, and cannot be withdrawn, due to the written context in the MAM agreement. So know they know that the money are there and until further untouchable. But that does not mean that all clients does not get their money...In Ponzi you pay out to clients with fresh money, that will come in. So if one can lock the money as they do, they have controll and can now pay who they want, and put others on waiting list until fresh money is coming in.
2. The reason they get fresh money, is that they present fantastic results. How can they do that and show it on a respectable site like MyFxBook. The reason is (according to my studies) that any white label broker (a broker that franchise on another broker / liquidity provider) has acces to all meta data on the system. Only if you are licensed user of Metaquotes you can do that. But it is inexpensive to be a white label customer, and hence get acces to "backoffice" and do the manipulation.
3. I personally contacted this Knight Capital, asking them if they had a office in Finland, and their address. I got an address and googled it. It is a virtual office address, where you can have a office for a few bucks a month.
I simply see to many re-flags in all this, and i would personally NEVER invest with a company like this.
