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John D.

It doesn't matter

Contributor Level

Total Points
80

1 Review by John

  • Alphafxc

2/4/22

I can assure you I lost funds with AlphaFXC and TrendsMacro. These scammers quickly got control of my account and used an old trick to lock up funds. Here is what to watch for.
These unregulated offshore bandits (the first 2 points are crucial) deposit a 'credit' into your account and don't really explain why other than 'it will give you more funds to trade with'. AS SOON as you touch these funds, trade with them, they have you, or use this reason to lock up your account. I had a $3000 account, could show about $8000 in profit, but because they had put in a $13,000 credit I lost my funds. NEVER GO OFFSHORE AND IF YOU DO, DON'T DEAL WITH AN UNREGULATED COMPANY. NEVER ACCEPT ANY CREDIT, THE SAME TRICK ONLINE CASINOS USE TO CONTROL YOUR WINNINGS. Offshore brokers are difficult to justify. Even my regulated broker, LegacyFX and BD Swiss that claim to be formed in Switzerland are not, despite providing good service. I think its the nature of the Internet to almost promote scams and certainly when people are faceless and not met, ethics and greed prevail in some. BEWARE, if you invest online out of your country and especially with UNREGULATED SCAM BROKERS, you are like a swimmer in an ocean of starving sharks. You will get bitten, hard.

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