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When I was scammed I had the call from London, then I found out that it was actually from somewhere in Eastern Europe. But I couldn’t do anything about it.
Hello Thapelo,
the more and more get shut down. The problem is they already have a lot of money and it is very easy for them to move to another country, open new offices, hire new people and continue the work.
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.
I came across a binary options broker page in 2013 through an online ad I came across while reading a magazine. It said, “1000 USD will be earn in a week! Please click here!” I didn’t know that I would lose a lot of money because the site looked very serious and decent. Back then I had no idea at all about home being able to buy and sell stocks through binary options. At that time I lost a lot of money at 2 broker sites (OptionFair, CedarFinance) At OptionFair there was a guy called Rotschild and called me all the time to transfer as much money as possible despite losses as I can only learn more and more by trading.
As time went by I realized that these people were trying to deduct all my savings. I have cancel the contact with a big anger in my belly and a loss of 20.000 USD . Incredible!!
I wouldn’t never thing that’s such pirates are doing their unkind in public newspaper.
Hi Centcel,
Welcome to the Forum. I am so frustrated to read such a story. That sounds really like a nightmare!!!
Good job you share your experience and I am sure this will be very useful to others. Unfortunately, most of the people that shared above found this topic in the forum after they have met the Scam brokers.
I think central banks and regulators should take some action against these companies. Anyway, they will just keep doing it…
O man! 20k??? that is insane. I can’t believe it.
How did they convince you to put more money if you were even losing?
To Ian Bibian
Very simple
1st, I found the ad in a German newspaper. The ad title sounded promising and it saw very seriously even more than I opened the page. It was simply incredible the page looked very professional.
2nd, After I had contacted with the enterprise a responsible person would trust me to. He suggested to me to use a bonus system which was connected with conditions in which I if I should lose the amount may retain but then the whole amount must use before I can deduct it.
These so-called scamers knew how to see customers win it and sounded all so professional that if you are an absolute beginner from online trading through binary options are actually delivered and especially if these assholes lure your victims with ads.Very sad but true!
Thank you Andy from your warm welcome!!
I know people..I was so stupid and naive I didn’t notice this trap. Now. I trully hope Petko’s teaching will help me to identify fraudsters better and to how to learn to trade succesfully.
Since these Scammers always come unencumbered of it I hope in this forum the necessary knowledge and the counterweight to form against these criminals the actually now allegedly so much money have and thus the laws use around your activities float.
There are so many gaps in the law therefore they always come of it.
Welcome Centcel!
I would look at ForexPeaceArmy.com to see if the broker you’re considering is blasted for scamming. I only use regulated brokers and do a lot of homework before I let a single penny leave my account to a broker. If the broker is registered by your region’s regulatory body it’s a good sign.
Centcel, welcome to the Forum from me as well! We removed the links you placed because we want to make sure that people will not click on them and by mistake get involved with the scammers. I know how engaging they are and how good they are to cheat the people.
I am very honest in my teaching and I never promise results. It depends a lot on the students. Already many succeed to profit with the systems I teach, but some effort and time are needed.
However, try to forget as much as possible the bad experience you had. Trying to recover is much harder. Just say to yourself ” Alright, that was a bad lesson, now I start trading from zero and I will depend only on my knowledge and skills.”
@centcel I know these bonuses most of the time as pain in the as.! I have used one time and never again.
I am sure the education of Petko will be very useful to you. I learned so much from him and my trading turned positive. Also, if you can afford the EA Studio or FSB Pro (both is best) after time, you will find that it is actually easy to generate EAs, test them and trade with them.
This way we depend really on ourselves and the EAs we create. Of course, you need to be very smart with money management. Do not risk a lot before you are sure in your EAs.
Such a sad story. But I can tell you that you found the right person as Petko. His courses are rally useful and most of them are based on EA Studio and FSB Pro which is unique. You can not find much videos about these programs.
my trading is totally different since I got in here…I am sure you will find you proper way of trading if you put some effort and time into it.
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