Please do not off topic to talk about analysis of market or trade.
The purpose of this thread is to serve as the awareness and alert that this plan runs by GM trade aka Triumphfx is SCAM as all trades were created by themselves/broker at current time and adjust the open price and price to the desired entry.
This action can be proven from the trade ID sequence by comparing the trade ID sequence with the deposit ID transaction sequence. It proves that the trade ID at the open time belongs to trade ID sequence at later time.
Pro and clever trader if they study well on this finding, they should have known what was going on. Only those who still believe the trades are genuine have bias mindset not to accept this fact.
If you think that I am posting non-sense and blamed that my finding is not correct because they are very experienced trader and believe the trades are genuine, please let us have a deal like I offered above.
I would open one demo account with Pepperstone and you tell GM team to trade on it. If the results are good as the PAMM account, I would clear off myself here and at the same time you would prove them legit and ultimate trader whom has the best analysis in the world.
By the time, they can attract more investors from this forum.
Shall we deal?
Let me share some of the scammer symptoms at here. This is commonly found across the broad of a wide spectrum of market in any of the country.
As per scam det , this investment grp could created false entry price, and he suspected they alliance with broker to do so, which means the rest of investment companies-pamm groups could be even WORST, since some of the type only showed after market records. And those who function as broker, trader or fund manager 3 in one, totally conflict of interest, will definitely under question!
There is a different type of scam to what i know. That person have several broker companies, claimed himself a trader, usually he will ask you to open account under his IB, and he manage trade account for you, commonly profit sharing of 50:50 with you. That's worst too, as this type of person for sure not up the level to make himself consistent profit, yet do not have good trading records, couldn't get hire by any investment grp or broker company or bank financial team..etc. Does common sense tell you, never ever go for this type of investment service.
In add, conflict of interest as the more they open trade in your account, the more they earn the commission, after commission, they still get 50% profit (only if they happen to make profit, else your acct could be killed by market) from you. E.g India and Pakistan have many this type of investment service offer who is looking for client.
Some sharing about the slight differ type of investment like copy trade? Exp like Igofx, myforex4you..Hyip.. bitcoins game like mavwealth and a few more. Guess all of this the same.
Anyway, scam can be any type, the only thing to identify it is whether the company is making money from outside. This is the crucial point. If you have studied all those scams that happened before, more or less all the same approach- the fact was they don't make money from outside (couldn't earned from outside), but they get it from inside pool.
@INVESTOR who are looking for investment, need to understand fully on how does the system of that investment company is work.
Two main points to check:
1. Are they scammer?
2.Do they have good skill and stay consistency?
Below are some of traits to beware:
1. No extra admin fee, whatever surcharge, or get you to pay and earn back later.
2. Fund transfer steps, not supposedly direct fund to the individual acct, it should be company's bank. Should be according to current market rate, not that company specified rate. With that, consider they earn from each of your transaction, in and out.
3. Shouldn't have many terms and condition e.g lock capital for a period of time like 3 to 18months, if withdraw earlier- get a deduction on capital, this kind of condition and etc.
4. Shouldn't have rule as such, for you to be able to withdraw your profit, you should do this and that, e.g refer ppl to join, after have ppl under you only reward you with profit.
5. One and last but not limited to the above, all scammer only have one main objective, which is to scam as many as ppl they can within a shortest time. Hence, attractive package like offering you with "High Profit of return", watch-out! As this is the nature of human being, always looking for more $$, so this is always the popular strategy for scammer to easily gather investors within a short period.
Conclusion, a short note to all visitor who is looking for investment, the moment when you think of an"investment", it has incurs with risk. Thus, understand how the system work, and only invest the amount that you affordable for the degree of risk level, you r willing to lose. Even if you yourself trade for your own account, the risk is there too.
Enjoy your day!