fxnationlive.com Review

DC Bonta like every other trader is a speculator,therefore whatever you receive from him should be accepted based on your own discretion.

Total scam. Do NOT entrust any of your money to DC Bonta. He promised the World, and delivered a depleted account. I lost a lot of money with his 'managed account', and paid $6,000 to get in to it in the first place. All in all, I was down ovre 56%. Be Warned !!!

http://forexmagnates.com/nfa-bars-1-fx-trader-llc-and-david-arena/

This guy has same modality of scamming people since 2006... he pumps up a 'trading record' then takes your money, then loses it, then says he has another great way to get your money back, then loses it, then switches brokers, opens up another website, the loses your money... finally the NFA doing something with this scam artist.

He should be put in jail for fraud versus just bared according to this statement.

I paid a very large fee for DC Bonta (FX Nation Live) to autotrade my account. The agreement had a mandatory 12 months to allow him to be profitable and if at the end of 12 months he was not profitable my fee would be refunded. At the end of the 12 month period he was down over 30% but just before that he sent this email explaining how he had a new system that was doing great and was up 49% over a short time period and to give him a chance to make up the losses. A few months later now down 63% (Clearly I'm the fool here) I closed my account. I have been unable to get my fee refunded even though the agreement I signed had an "Iron clad" money back guarantee.

I can provide proof of my account loses (the statement has his company on it) as well as provide the "iron clad" agreement I signed that was not honored.

Do not ever pay this guy to manage your account. Maybe his free signals are good and possibly his low priced signals are good though I don't see how but NEVER and I mean NEVER pay him up front to trade your account.

BTW - Check out the NFA website and you will see where he had to pay a $25k fine this year. That should be all that anyone needs to see. Too bad it wasn't there before I signed on with him. It was really too bad that I didn't know about FPA before I signed.

I did make some money on one of his free trade of the day alerts. Then, I signed up for a trial of some of his services for $27. It included a one month free trial of his gold alerts which are normally $99. I lost on two of those trades. That's all the trades of theirs that I am going to follow. I am following a gut feeling that his trades are not for me. They do not publish any performance information for their alerts. It's impossible to know if they have any type of good track record.

His is registered with the NFA. You can search by his NFA number of 0284702 or by his name of David Arena.

http://www.nfa.futures.org/basicnet/

They are nothing but crooks without a gun. I was foolish enough to give them a credit card and makea small purchase. Got nothing tried for a refund and no luck. Wrote it off as a dumb move on my part. Then two months latter another charge. Tried calling and email no response. NOTHIN BUT CROOKS all inffo is useless.

I have account managed by DC Bonta and lost money after one year his trading. He have promised in Autofxnationlive that register fee $6000 will be refunded if he could not earn money for his client. I have this contract when I pay it. But now, he cut all the contacts of the refund to avoid clients to claim it.

In 2007, DC always share his trading plan at FXnationlive.com. I've his free member. So long, in 2007, DC's plan is great. To me "It's Terrific, Perfect, absolutely perfect".
But, near the end of 2007, few weeks before they go in last year holiday, some of their plan are fail.
In 2008, DC not share his plan anymore. He just give us "some" clue. Not perfect anymore. In 2007 his video is best, very best. In 2008, there is no different with other video in youtube.
In 2007, I've made a record on trading. I've made around 3500 pips in a month (before November 2007). But after that, I cannot make 500 pips a month. I can make a record like that because DC's site.

For today, my rating for DC's site is average. Because DC's site have no any different from another site.

By the way, thank's DC, at least, you've give me great knowledge and great experience for trading.

D.C.Bonta I opened trading account with the above and took his trading
signals and was doing o.k. So, foolishly I opened a managed account
with him and lost around $2000. He traded a pair that he advised us
not to trade and lost my money. It did not make sense. So he snares
traders into thinking that he is going to make them money so that they
take on a managed account. He is a scam artist.

I believe DC is an experienced trader, however, I don't like the way he reports his performance. I had followed his free signals once, out of 4 recommended pairs, 3 pending orders were executed. The next day, one was closed with profit, another one was a loss, and the 3rd one was still open. Then, I received his news letter saying that the trade of the previous day was closed with xxx pips of profit, however, he didnt mention at all about the trade that was stopped out. From the day on, I don't want to visit his website again.

Although I dont like the way he reports his performance( not as honest as I hope to see ), I dont know the overall performance of his free signals, so to be fair to DC, I dont want to give any rating.