PPRuNe Forums - View Single Post - Ponzi scheme targeting crew - Beware - do not become a victim.
Old 1st Jul 2015, 09:44
  #40 (permalink)  
Yorkshire_Pudding
 
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So are we saying that in general, all Forex trading should be viewed as a scam, or just this organisation and their brokerage house?

Automated Scalping of the international currency markets by robots through a managed account can be highly profitable. So much so that the practice is illegal in some states, including the US. For this reason it probably won't be around for ever and cannot be relied upon as a future source of income for retirement.

I don't personally understand the obsession by crew with this particular brokerage house. They do NOT guarantee 10% returns but you generally see a no less than 7% NET return pcm which you fully withdraw. It's not compound growth. There are many brokers offering a similar deal... Why not spread your risk amongst a few of them if you really are interested in this type of forex trading.

Any investment offering more than 5% return must be a scam?! Is all your provident fund still held in cash funds..
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