Recent content by maltatrader

It looks like Mike Baghdady's scheme has been exposed. The so called new turtles never got 100k accounts and two have now left. They are now making sales calls for Baghdady, so much for millionaire traders...

What do you make of metatrader being exposed by an insider? Videos and an explanation of how you rip off clients has been videod and posted all over the place. http://www.trade2win.com/boards/general-trading-chat/141158-how-easy-broker-stop-hunt.html

More like 'DOH'

Here is what they themselves said about the Savi Asset Management, they clearly state that it exists, that it has the necessary authorisation and that trainees may be employed by it if they are successful. Not exactly the truth is it...

Google Savi Trading and it will be hit number 2 or 3. There are two or more threads there about them.

They also tried to say that their other company, Savi Asset Management, was some massive hedge fund type business. According to Companies House it's a dormant company meaning it has no business activities. Obviously these guys are telling all sorts of stories to get money off people.

I assume that prior to that date FXCM kept the positive slippage regardless of jurisdiction. Thats what I had assumed.

FXCM has only been ordered to reimburse US based customers, are we expected to believe that they only did this to US accounts? Somehow I doubt it, there may well be more fines to come as other regulators start looking into these corrupt practices. Jason will completely ignore this point of...

There are several threads about them on trade2win.com, Companies House recently issued a first gazette to strike them off but this has since been withdrawn, dont know the full story but doesnt look good.

City Financial Traders from London are advertising heavily promoting their training course and 'guaranteed job'. It seems to be starting to fall apart already with reports of them not contacting 'students' after the initial induction phase. There is an interesting thread on trade2win.com about...

There are a lot of companies in the UK offering these schemes but advertising them as jobs. So you pay them a fee for training and if you make it they will offer you a 'job', in theory. What normally happens is that the training isnt good enough to make you profitable so you never get to the...

Thanks very much for that. My guess is that an educator who falsely claimed to have an award or falsely claimed to have won a trading competition would not be favourably looked on by the NFA. Presumably using false information like this in advertising would be considered a breach of the NFA code.

If one of these companies (or the individuals who run them) was NFA registered would they not be obliged to abide by the NFA regulations about false and misleading advertising? If they broke these rules would the NFA do anything or is it just another useless regulator that never takes any action?

Affadavit was uploaded here http://uploading.com/files/bc8c85f2/https___ecf.nyeb.uscourts.gov_cgi-bin_show_temp.pl_file%253D10373049-0-nyeb-10964.pdf/