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Community Forums › Forums › Brokers › Scam Brokers › How to recognize the Scam Brokers? › Reply To: How to recognize the Scam Brokers?

Petko Aleksandrov Algo Trading Space team

A funny thing happened to me the other day. I was at home and I got a call from “professional trader”. It was from a broker where I opened a Demo account looking for a better spread for the EAs…

The guy said that if I put $200 to open a live account, I will make 85% profit with their secret robot. I asked him smiling what is the robot they use? He said that it is a “secret”.  And then I asked him What are the entry and the exit conditions for the Expert, and he had no idea what I was asking him. I had to repeat the same question three times before I hang up the phone. He called me 6 more times in the next 5 minutes and gave up…

It was nice to see a professional trader calling someone to open a live account, having no idea about Experts. I do not know how people get on that.

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