veri5
Sergeant
- Messages
- 122
They advertise on Instagram, offering service to do latency arbitrage for % of profit, seems more or less ok at first as it could work in theory.
In short, they offer you to open account in one of their preferred brokers, after you deposit and give them account details, they do the trading which lasts 5 minutes and your account is brought to almost 0 with some excuse about error in software. All the brokers offered for account opening are unregulated, for me it was ecn.broker . Go figure, do they work together with broker and just get paid for destructed accounts or there is some other system. Account monitorings come from here https://www.myfxbook.com/members/ScalpForex . There should be more victims coming out and I wanted to warn the people.
In short, they offer you to open account in one of their preferred brokers, after you deposit and give them account details, they do the trading which lasts 5 minutes and your account is brought to almost 0 with some excuse about error in software. All the brokers offered for account opening are unregulated, for me it was ecn.broker . Go figure, do they work together with broker and just get paid for destructed accounts or there is some other system. Account monitorings come from here https://www.myfxbook.com/members/ScalpForex . There should be more victims coming out and I wanted to warn the people.