reinerh Posted December 13, 2010 Report Share Posted December 13, 2010 This is a hoax. deposit 500 is a micro account for micro no Commission Judging from the data taken from the site of Commission for ECN accounts, but there is a minimum deposit of 2500 USD http://www.finfx.fi/index.php?page=trading-accounts&lang=eng hoax, but how in the heck can they fake the log into the account ??? cant quite figure that one out. Quote Link to comment Share on other sites More sharing options...
reinerh Posted December 13, 2010 Report Share Posted December 13, 2010 paws, good catch :) Quote Link to comment Share on other sites More sharing options...
reinerh Posted December 13, 2010 Report Share Posted December 13, 2010 This confirms its a collaboration- hoax between this broker and the EA vendors gee wizz. i guess this would not be the first time, but if the broker = finfx truly is in on this, all i can say wow. what a bunch o crooks.................. if this turns out to be true, then i am sure it will be exposed all over = forexfactory and boards then finfx bye bye..... Quote Link to comment Share on other sites More sharing options...
TradR Posted December 13, 2010 Report Share Posted December 13, 2010 According to the video, -- the balance as of around Nov 17 was around $2,500. -- Now take a look at the performance sheet on Nov 10 at 16:55 -- LeoTrader sold 1.9 lots of eu at 1.36860. -- The price went as high as 1.382 before coming back down for the small profit on Nov. 11th - a drawdown of 134 pips 1.9 lots is $19 per pip X 135 pips (allowing only 1 pip for spread) = $2,565 -- which would have blown up the account a week before Nov. 17th???? sounds a little fishy to me.... It's a mini account, not a standard account. Recalculate the pip value... mister23 1 Quote Link to comment Share on other sites More sharing options...
halcyonn Posted December 13, 2010 Report Share Posted December 13, 2010 its is the broker and seller collusion.i have my inbox full with these messages... Brokerage CEO confirms 113% Monthly Return [Login Here] Quote Link to comment Share on other sites More sharing options...
reinerh Posted December 13, 2010 Report Share Posted December 13, 2010 According to the video, -- the balance as of around Nov 17 was around $2,500. -- Now take a look at the performance sheet on Nov 10 at 16:55 -- LeoTrader sold 1.9 lots of eu at 1.36860. -- The price went as high as 1.382 before coming back down for the small profit on Nov. 11th - a drawdown of 134 pips 1.9 lots is $19 per pip X 135 pips (allowing only 1 pip for spread) = $2,565 -- which would have blown up the account a week before Nov. 17th???? sounds a little fishy to me.... i just checked this trade. the 6.5 pips profit was $12 in profit which means the lot size traded was actually .19 so by my calculations the account could not have been blown. halcyonn and paws 2 Quote Link to comment Share on other sites More sharing options...
⭐ fscrp Posted December 13, 2010 Report Share Posted December 13, 2010 If it is a micro account there should not be a commission charge since it is fixed spread, correct? Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted December 13, 2010 Report Share Posted December 13, 2010 once it is shared for testing we can see if their grand claims stack up. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
et_phonehome_2 Posted December 14, 2010 Report Share Posted December 14, 2010 I was hoping I could see the history of all trades on that account instead what he claimed on his website with those trades in profit. Quote Link to comment Share on other sites More sharing options...
conglo Posted December 14, 2010 Report Share Posted December 14, 2010 Here is the latest: http://www.leotraderpro.com/ "The lady doth protest too much, methinks." - Shakespeare Quote Link to comment Share on other sites More sharing options...
taipan Posted December 14, 2010 Report Share Posted December 14, 2010 I was hoping I could see the history of all trades on that account instead what he claimed on his website with those trades in profit. To access the account, please download MetaTrader from here: http://www.finfx.fi/download.php (Opens in a new window) Account:1331 Password:LTP082010 Server:FinFx-Live Download the FinFx MT4 and install, Once login, click Account History and select "All History", then u can see all the trading record history. Quote Link to comment Share on other sites More sharing options...
richdad711 Posted December 14, 2010 Report Share Posted December 14, 2010 http://www.myfxbook.com/members/rayong1/leo-trader-pro/69928 is trading 1-cent-a-pip account Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted December 14, 2010 Report Share Posted December 14, 2010 i declare something fishy. http://img530.imageshack.us/img530/9926/drawdownbiggerthandepos.png so deposit is 500, as seen at the start of the graph. yet we end up at minus 1200. how does that happen? not just a scam EA but a scam broker in on the gig. f***ing crooks. San4x, taipan, ylidor and 7 others 10 Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
San4x Posted December 14, 2010 Report Share Posted December 14, 2010 (edited) I put my money on the average scam...it's hyped way too much. I bet there's something severely wrong with the results. As Stormin' Norman has quoted Niederhoffer: "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Edit: Aha...see...? SCAM...This must be one of the biggest hoaxes I've seen. Broker playing along with the scam this time. Scary. I recommend to avoid this EA. Don't even touch it with a 10 ft pole. Edited December 14, 2010 by San4x ⭐ Ormazd 1 Quote Thanks for the kudos...much appreciated! Link to comment Share on other sites More sharing options...
MetaCrazy Posted December 14, 2010 Report Share Posted December 14, 2010 when the account says 0.20 lots, is that 2 mini lots or 2 micro lots? 1119833 2010.12.14 05:45 sell 0.20 gbpusdmam 1.58628 1.61928 1.58528 2010.12.14 12:43 1.58528 -0.14 0.00 0.00 2.00 the profit is 10 pips. 1.58628 - 1.58528 = 10 pips. 10 X 0.2 = $2.00. so this is a micro lot. if 0.2 were 2 mini lots then the profit would be $20.00. was the above graph done with micro or mini lots? regardless, i smell a fish. Quote Link to comment Share on other sites More sharing options...
tornado Posted December 14, 2010 Report Share Posted December 14, 2010 That chart posted above should stop any further conversation about this EA, and Broker for that matter. Meaning that ANY EA that recommends FinFx as their broker of choice should be labeled guilty until proven innocent. Quote Link to comment Share on other sites More sharing options...
⭐ fxknight Posted December 14, 2010 Report Share Posted December 14, 2010 Totally agree - a pure scam. Biggest scams lately at the power of three: KangorooEA, FutureFX and LeoTraderPro. Time will tell for sure but I put my bet down as such. Cheers Quote Link to comment Share on other sites More sharing options...
pro Posted December 14, 2010 Report Share Posted December 14, 2010 they may all R.I.P. Amen ;-) Quote Link to comment Share on other sites More sharing options...
PipPip_Hurray Posted December 14, 2010 Report Share Posted December 14, 2010 (edited) I don't have any experience with Finfx and have not formed an opinion on them yet, and there seems no doubt that they operate under Finnish laws. However, they are not located in any financial centre like Helsinki. They are in a small town at the Russian border, hundreds of kilometers from the capital in the middle of nowhere in the forests. But they are only a couple of hours from St Petersburg. Check it on the map. I would be surprised if the outfit wasn't run by Russians who hire employees across the border, to get the benefits of a Finnish outfit that is more attractive to foreign investors than a Russian firm. Edited December 14, 2010 by PipPip_Hurray Quote Link to comment Share on other sites More sharing options...
San4x Posted December 14, 2010 Report Share Posted December 14, 2010 I'll take your bet on Kangaroo. I agree with the other two. Quote Thanks for the kudos...much appreciated! Link to comment Share on other sites More sharing options...
TheBeast Posted December 14, 2010 Report Share Posted December 14, 2010 i declare something fishy. http://img530.imageshack.us/img530/9926/drawdownbiggerthandepos.png so deposit is 500, as seen at the start of the graph. yet we end up at minus 1200. how does that happen? not just a scam EA but a scam broker in on the gig. f***ing crooks. That's a great graph Stormin_Norman! Could you tell us how you managed to plot the equity please? Quote Link to comment Share on other sites More sharing options...
TradR Posted December 14, 2010 Report Share Posted December 14, 2010 1 SL wipes out 24 winning trades or so.... Not very nice when it happens, and eventually... A loss will happen.... Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted December 14, 2010 Report Share Posted December 14, 2010 That's a great graph Stormin_Norman! Could you tell us how you managed to plot the equity please? used MTI analysis. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
maaartinfx Posted December 15, 2010 Report Share Posted December 15, 2010 how come it is hoax obviously but lots of developers like fapturbo team and/or megadroid team give me email alot about this EA? i dont understand. they ve been trying to cheat everyone! Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted December 15, 2010 Report Share Posted December 15, 2010 how come it is hoax obviously but lots of developers like fapturbo team and/or megadroid team give me email alot about this EA? i dont understand. they ve been trying to cheat everyone! They don't care about your funds. They just want to flog off their system. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
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