What about secretnewsweapon project by Felix from FPA? It scammed a lot of people and the website was closed by the goverment.
He is a scam and this is from personal experience with him!!
All I know is that Felix has false claims for his profits.
I was in his room for 5 months June-October and every month we ended in -100 or more pips now miraculously the pip count has changed to +500 and so on and so forth.
His pip count is per lot so they will say enter 2 lots long on GBP/USD when it is +20 pips they take profits and say +40 pips so their actual profits should be cut in half. It is like me saying I made 1 pip on 100 lots therefore I made 100 pips. completely ridiculous.
Then of course there are the trades that they never call in the room but Rob (Felix's partner the guy that calls the trades) takes the trades himself. At the end of the month they count those trades as profit. Rob takes trades without calling them and then when it comes time to tally the trades they use Robs account statement so all the other trades Rob took are counted as profitable.
On Felix's news trade profits on average range between -30 to +30 so even if 90% of the guys get -30 because of whipshaws Felix say week i got +30. Everytime he says he makes more pisp than anybody in the room and thats what goes to the pip tally.
One mroe thing Rob always announces stop losses but when it gets hit and turns around he will say "I am still in" and when the trade goes in profit h coutns that as a gain. EVen though 90% of the traders got stoped out all that matters is what Rob made.
It is a big time scam take it from a guy that use to pay them.
I had a friend join this month and he has 3 other people in there around the clock recording every single call made. At the moment Felix is +528 but my friends records are -14. It is all a big lie and he is going to be in court very soon I know people that have already contacted the FBI with detailed records, diaries and recordings of what is said in the room.
There is so many lies around there they say Rob has 10 year experience and then they say 20 years experience. They cant get their stories straight.
The best ones of all are the times when Rob says to go long on a report like NFP because his 'contacts' that he pays $60,000 a week to say it will be negative and Felix calls out a lon. This is in the same room the two leaders of the room are taking opposite positions.
It is a complete lie and if Rob really does pay people for insider information he is going to jail.
InstaForex contest and campaign administration has changed the rules of "InstaForex Sniper" competition. According to the new regulations, for getting a prize you have to use at least two currency pairs during your trades - GBPUSD and GBPJPY. You should take not less than 5% of profit by each of these currency pairs. In case the condition is not met, a participant will not able to pretend to a prize.
Changes in the regulations are concerned all period of the tournament holding since December 7, 2009.
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InstaForex Sniper: new winners
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I saw the same kind of thing on another forum these people are like ghosts.
The bottom line is they have hurt their self as far as being a good broker. I do not care about how big a bonus is or if I am going to get a bonus. Two things only matter to me. One is that my EA will work good with a broker and right here Instaforex fails the test because of the constant requotes this broker has it interrupts the EA(s) and hits your profits big time. They know what they are doing and that is why they will never have good traders on broad.
The other thing I need from a broker is easy withdraws. So I am not to hard to please but only a honest broker who would not allow something like requotes to hurt their own traders. Plus OMG the giveaways with this company and where do you think they get this money their is no such thing as a free lunch and pretty soon there may not be any honest brokers left.
- alpari uk have ten times more requotes the insta
- i have lost 175 bucks in 6 month on requotes, delays,...at alpari
- i have live accounts at booth for more the a year, so i can say that
- yes insta deposit & withdrawl takes minimum 1 week, could be faster
- insta is good but not the best, but not so bad as many people voted
- i'm not a affiliate of instaforex!
Thanks for letting us know that FPA(ForexPeaceArmy) is a scam site. But how can I start trading in forex in Instaforex to participate in competitions? Can I take part in competitions with forex demo accounts in Instaforex?