The process is very simple. They will somehow convince a newbie to invest a small amount of $1K then assign a Relationship Manager who will give instructions on which trades to start with. Initially showing some good profit they will brainwash and make the trader greedy for more profits with bigger investments. Trader falls into the trap and invests $10K thinking that now they can make 10X more profit quickly. The RM will continue to instruct to open trades and show good profit as well. Meanwhile if the trader asks for withdrawal, the RM will convince the trader to hold on and keep the money in account for some more time to go for bigger upcoming trade which will give very good profit. The moment the RM understands that the trader wants to withdraw money, he will device a plan and he will start giving wrong indications to the trader. The trader sees his trades rapidly go in loss and approaches the RM to inform this and to check if the indication was correct. RM would tell the trader to hold on for some time. Despite repeatedly contacting the RM, the RM would either not respond or ask to wait for some more time. And then as per plan the RM will simply inform the trader that the market has changed and will ask to hedge with an opposite trade to save the account. Now the trader cannot withdraw any money and asks the RM for a solution. The RM say there is only one solution to add more funds and recover everything with double profit. The trader falls for it and that's it.
Translate to English
2023-11-17 14:18
Reply
0
Share:
WeChat
Weibo
Facebook
Twitter
QQ
2
All Replies
Arun3440
2023-12-21 00:24
Hi Kamal,
Did you lose any money too? I lost a huge amount and am trying to figure out if there is any way to recover! My account is on hedge now and stuck at same story, deposit more funds.
Regards,
Arun
The process is very simple. They will somehow convince a newbie to invest a small amount of $1K then assign a Relationship Manager who will give instructions on which trades to start with. Initially showing some good profit they will brainwash and make the trader greedy for more profits with bigger investments. Trader falls into the trap and invests $10K thinking that now they can make 10X more profit quickly. The RM will continue to instruct to open trades and show good profit as well. Meanwhile if the trader asks for withdrawal, the RM will convince the trader to hold on and keep the money in account for some more time to go for bigger upcoming trade which will give very good profit. The moment the RM understands that the trader wants to withdraw money, he will device a plan and he will start giving wrong indications to the trader. The trader sees his trades rapidly go in loss and approaches the RM to inform this and to check if the indication was correct. RM would tell the trader to hold on for some time. Despite repeatedly contacting the RM, the RM would either not respond or ask to wait for some more time. And then as per plan the RM will simply inform the trader that the market has changed and will ask to hedge with an opposite trade to save the account. Now the trader cannot withdraw any money and asks the RM for a solution. The RM say there is only one solution to add more funds and recover everything with double profit. The trader falls for it and that's it.
Translate to EnglishAll Replies
Translate to English
Reply
I want to comment
Most Comments of the Week
WinproFx
Envi FX
APG PRIME
NAGA
IVY Markets
BCR
Warren Bowie & Smith
VCM
Exness
XM