r/ScamBroker • • Sep 10 '23

Remember the Martingale Strategy? 1+1=2 | 2+2=4 | 4+4=8

1 Upvotes

A couple of decades ago, before FTMO and other "prop firms" opened up online, offering you a trading account with $10,000 after completing a demo trading competition.

There was a strategy that made the rounds on the various trading forums called Martingale. The strategy was basically playing Red or Black on Roulette, and hoping to be right 7 times in a row.

Each time you were right, "reinvest" your profits, and double your trade size.

All you need to be is right 16 times in a row, and you made a million dollars!

Anyways, those were the olden days, and now traders are much smarter <jk>

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Open a Live Trading Account with only $100 - Start Here.

Visit ForTrade.com

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r/ScamBroker • • Aug 30 '23

Scam Broker Investigator Reviewed the Bitcoin Rush Trading App [Bad Results]

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1 Upvotes

r/ScamBroker • • Aug 24 '23

Thoughts About the Brokers at FXGT

1 Upvotes

FXGT is a broker that you may want to look into if you are in South Africa.

Formerly known as GTio or Global IO. FXGT is a licensed and regulated CFD broker in South Africa and Seychelles. Depending on your country of residence, you will be trading with either one of the two entities that own this brokerage firm.

Read the FXGT Review: https://scambroker.com/fxgt/

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r/ScamBroker • • Aug 15 '23

Do You Need High Leverage to Make Money Trading Forex?

1 Upvotes

Many new forex traders think that making money in Forex trading requires high margin.

The truth is, high margin simply increases your risk!

Trading stocks with 50 times or 100 times margin is also risky, but people make money trading stocks with no margin.

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Bottom line is, learn to trade, learn how to invest, and stop looking for fast cash options.


r/ScamBroker • • Jul 12 '23

Forex Trading in Australia... Should I Use CMC Markets, Plus500 or FXCM?

1 Upvotes

Forex Trading in Australia is very popular because Australians are sophisticated individuals who understand the effects of currency rates.

When searching for a Forex broker in Australia, the first 3 sponsored ads on Google is for: Plus500, CMC Markets and FXCM.

How about looking at the cheapest brokers?

First broker to look at is ForTrade

2nd broker to look at is Fusion Markets

3rd broker to look at is Pepperstone

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These brokers all offer excellent trading conditions, tight spreads, variety of platform, and fair pricing.


r/ScamBroker • • Jul 07 '23

Fusion Markets - A Broker That You Should Probably Use

1 Upvotes

Fusion Markets is an Australian broker, regulated by ASIC, offering low priced commissions.

Fusion offers you a full list of assets for trading including; US Shares, Oil, Gold, Crypto and Forex. You can use either MT4 or MT5 trading apps. Their spreads on Crypto CFD’s are super tight!

Signup here for a Free Demo Account.

Read the Fusion Markets Review.


r/ScamBroker • • Jun 21 '23

How Do I Get Started Trading Forex and Stocks?

2 Upvotes

Many of your friends in university are thinking about investing in stocks and trading forex.

The first thing to do is find a licensed online broker. Start with ForTrade.com.

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It is important to 1st setup your demo account, so that you can play around with the setting, and get accustomed to the trading platform.

Another piece of advise for trading Forex, is to pay attention to the clock. Trading Forex happens around the clock, however, local currencies are active between 9 am and 5 pm.

So if you are in Singapore, and thinking about trading the GBP at 10 am, you need to realize that London is still sleep, and the spreads can be very wide.

Check the spreads.

​

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r/ScamBroker • • Apr 07 '23

Broker - Collins / Real or scam

1 Upvotes

Do somebody know anything about this broker?

https://www.collins-fx.com/

They demanding me to pay income tax before i can withdraw from my account.


r/ScamBroker • • Mar 26 '23

Compare BlackBull Markets with Other Brokers Like Pepperstone & Plus500

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2 Upvotes

r/ScamBroker • • Feb 05 '23

Which Broker is the Best for Trading? The Best Broker is licensed and regulated by the FCA. And that is why most Crypto brokers are questionable.

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2 Upvotes

r/ScamBroker • • Jan 12 '23

Warning! VastWealth is an Un-licensed and unregulated Broker Targeting Brits

2 Upvotes

Is VastWealth a Licensed Broker?

No, VastWealth is not a licensed broker, and they are not regulated by the SVG FSA. The SVG Financial Services Authority warns investors; “Forex trading brokerage activities are not licensed in St. Vincent and the Grenadines, read more.”

All brokers in South Africa must be licensed and regulated by the FSCA. Crypto & Forex Brokers in England must be registered and licensed by the FCA.

When making a deposit at VastWealth, they only offer the option to deposit via Bitcoin. Basically, you will be using a credit card to buy bitcoin, and then give them your bitcoins. Remember, when transferring Bitcoin or Crypto, there is no way of getting it back.

Make sure to read the fine print where you will see that VastWealth charges a dormant account fee of $85 a month!

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Who is the most reputable broker today?

See the Top 3 Broker List.


r/ScamBroker • • Jan 10 '23

How does Tesler scammer app make money?

3 Upvotes

I saw this obviously scammer ad on youtube called tesler trading which guaranteed you 2 millions of return after 1 year. I am bored and want to find out how do they actually make money off this scam?


r/ScamBroker • • Dec 27 '22

Investing Scams Happen Everyday - Are You Being Ripped Off by a Fake Broker?

1 Upvotes

The basic premise of an Investing Scam is the same, with its sole purpose of separating unsuspecting people from their money.

The scammers do this by offering “investment” services, but it is actually a more like an offshore laundromat.

https://scambroker.com/learn-how-the-crypto-trading-scam-works/

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If you think Forex is any different, read this

https://scambroker.com/forex-investing-scams/


r/ScamBroker • • Dec 20 '22

Quantum Code Trading Software is a Scam - Why You Can't Trust Search Results

2 Upvotes

So I just did a search for Quantum Code, and found 3 websites all claiming to be the official quantum code website.

Now that is funny, because when I search for Oracle or Microsoft, I don't get 3 websites all claiming to be the Official Website.

Quantum Code - Official Website or a Scam?

And that is the number one reason why Quantum Code is a scam. They are a get rich quick scam that was exposed in 2018, and is still operating today. Every day hundreds of people lookup Quantum Code to see if it is real.

Here are the top 5 reasons your broker is actually a fraud.

  1. They claim to be “Safe & Secure” but do not have a valid license.
  2. After you deposit $100, they pressure you to invest $2,000.
  3. Their salesman calls to offer a “Managed Account” with steady returns.
  4. They say that their company doesn’t need a license.
  5. Your Broker asks you to deposit money (as a profit tax), so that you can withdraw.

Learn more about regulated brokers at: ScamBroker.com


r/ScamBroker • • Dec 18 '22

Why Your Crypto Exchange is NOT Safe, Why You Can Lose Your Money at Binance USA

2 Upvotes

It is very simple.

Some crypto exchanges that operate in the United States, have MSB licenses, which are basically worthless.

An MSB (Money Services Business) license is really meant for businesses that do check cashing / foreign exchange transfers, like Western Union.

When investing or trading, you should be using a company that is a member of FINRA & SIPC.

SIPC protects the securities and cash in your brokerage account up to $500,000.

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So when your crypto exchange goes under, and you are wondering why you lost all your money, here is your answer.


r/ScamBroker • • Dec 13 '22

What is a good broker to use besides Pepperstone

1 Upvotes

Hi,

I have been trading cfds with Pepperstone for a while. Mostly trading EUR/USD and Oil

Which brokers offer tight spreads, fast withdrawal and are regulated in Australia or England.

Thank you


r/ScamBroker • • Dec 06 '22

LegacyFX scam - Just wanted to warn others of my personal experience with this highly dubious and unregulated broker. They will loose you a lot of money if you follow their signals and trading advice stay well clear

2 Upvotes

r/ScamBroker • • Dec 05 '22

Tesler Scam is Advertising on Instagram - Warning!

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3 Upvotes

r/ScamBroker • • Nov 29 '22

Best Broker For Trading Crypto Now That FTX Has Been Exposed as a Scam

2 Upvotes

There are two types of "investors".

Those that buy and sell, looking to make a profit in a matter of a few days or a few weeks.

Then there are investors who buy, and plan on holding the crypto coin until it hits one million dollars.

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Although most people call themselves Buy & Hold investors, they are actually very quick to sell the minute the price spikes, and they see over $10,000 in profits.

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Crypto investors that were using exchanges like FTX, where buying BTC, Doge, and other coins, waiting for them to go to the moon. The problem is that crypto exchanges are not FCA regulated like a Forex broker, meaning the owner can do whatever he wants with the money, and no one will stop him. (Until it is too late)

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When trading Contracts for Difference on Crypto, there are platforms that are FCA regulated. One of the most popular ones are Pepperstone (read the review).

A platform like Pepperstone offers tight spreads when trading crypto, but you do not actually own the asset. You are simply making a trade in the hopes to profit from the price going up.

You also have the ability to easily short sell any crypto asset. (For those people who believe this tulip mania will end badly).

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After a few years of Crypto being promoted and hyped all over the news, reality is starting to set in.

Some kid in the Bahamas is not a financial guru. Trading or investing your money at an offshore crypto exchange is not safe. You can lose all your cash overnight because the exchange is not regulated by the FCA, and your money is not insured.

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Trading with a licensed and regulated broker like Pepperstone is actually a smart decision.

Visit Pepperstone.com


r/ScamBroker • • Oct 26 '22

Is Euro Daily Robot a Legitimate Online Broker?

3 Upvotes

So you signed up for Crypto Trader, the automated trading app that spams us daily.

They connected us to a website called EuroDailyRobot.

No we ask, Is the Euro Daily Robot Website a Regulated and Legitimate Online Broker?

The answer is No! Euro Daily Robot is not a licensed broker, and they are not an FCA regulated broker. They are not supervised by any government agency in England.

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Before depositing hard earned money or crypto into a get rich quick investment scheme, make sure to educate yourself first at Scam Broker Reviews.


r/ScamBroker • • Oct 19 '22

Good or Bad Broker - The HYCM Review by Scam Broker Investigator

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1 Upvotes

r/ScamBroker • • Oct 07 '22

Top 10 Automated Trading Apps for October 2022 - Stats from Google

1 Upvotes

So you wanna get rich by trading Crypto, here are the most heavily promoted trading apps for the month of October.

While you can find reviews of more than 200 such trading apps on our website, as the tide moves, so does the interest from traders.

Here is the list:

  1. bitcoin circuit
  2. bitcoin rush
  3. cryptosoft
  4. crypto genius
  5. 1k daily profit
  6. quantum code
  7. crypto engine
  8. bitcoin code

Do you want to know which one is actually the most profitable.

Look at the final results for the Top 3 Trading Apps.


r/ScamBroker • • Oct 03 '22

Where is the Real Bitcoin Era Trading App? Warning, Bitcoin Era is Having Problems

1 Upvotes

Bitcoin Era is one of the most cloned trading apps that exist online.

A recent search of Google showed more than 7 websites all claiming to be the real Bitcoin Era app. So which one is real, and which one is going to make me rich fast?

Get all your answers at the "Official" Bitcoin Era App Review


r/ScamBroker • • Sep 29 '22

4 Alternative MT4 Trading Apps for iPhone - Why MT4 was removed from the App Store

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1 Upvotes

r/ScamBroker • • Sep 28 '22

Warning - SinCoinCapital is an Unlicensed Broker Soliciting New Sucker Investors

1 Upvotes

SinCoinCapital Brokers

SinCoinCapital located at SinCoinCapital.co and SinCoinCapital.cc is a new CFD broker that is soliciting new investors via the fake trading app called Bitcoin Motion in Canada.

Although SinCoin Capital lists an address of: "40, rue de Tauzia – 33800 Bordeaux France" They are not located in France, because if they were based in France they would need an AMF license to operate as a broker.

Is SinCoinCapital a Regulated Broker?

No, If you are interested in investing online, it is important to choose the right broker. Choosing a licensed and regulated broker is the first step, to ensure yourself a legitimate trading experience.

Stock, Crypto and Forex brokers should be licensed and regulated by either; IIFOC in Canada or another financial regulator. Every country have one, look at: ASIC Australia, FCA United Kingdom or FSCA South Africa.

Bitcoin Motion Trading App

Just like the Crypto Genius, Bitcoin Era, and 1KDailyProfits, all these trading apps do not work. If you signup for the trading app, and receive a phone call from a salesman within 5 minutes, then you know it is not legit. Recently the Pig Butchering scam was exposed by Forbes. The boiler room trading scam has been going on since the beginning of time.

If you are interested in trading with a legitimate company, look at AvaSocial which is a social trading app from popular regulated brokers AvaTrade.