• Please try to select the correct prefix when making a new thread in this folder.

    Discuss is for general discussions of a financial company or issues related to companies.

    Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"

    Compare is for things like "Which of these 2 (or more) companies is best?"

    Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"

    Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
    Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.

    More info coming soon.

Ubrtrading

Follow the accounts for awhile - bookmark each and every account and recheck them all - if some are amazing and suddenly aren't available for viewing, that's a strong warning of manipulation.

Ask for an investor password to at least one account. If he's worried about you copying trades, ask for it to only be valid on a weekend. There are ways to filter results at many MT4 sharing sites. You want to see everything in the account from 1st deposit to currently open trades.

If you decide to use him, make sure to have an LPOA. Also, don't have him as your IB - that would allow him to make money by placing useless trades. Payment should be ONLY based on performance. Make certain the broker selected allows an LPOA to be cancelled at any time. Some don't allow an LPOA to be cancelled if there are any open trades.

Also, if you decide to use him, start with the smallest possible account for a test. Always check your account vs. his MyFxBook trades to make sure you are getting the same trades he advertises with.
 
Back
Top