Jul 13 2009

2009-07-13: Forex Magnates Daily Updates

  • Jim from Trading Gurus keeps backtesting Forex Megadroid and finds some ‘inconsistencies’.
  • Ex FXCM’s Managing Director releases and unimpressive three-pager about the Forex market and Forex brokers. I’m not really sure what the purpose of this document is.
  • Forex.com (Gain) promotes UK hedging opportunity, offers to move accounts and receive a bonus as well as EA VPS hosting services (certain restrictions apply).
  • FXinsturctor.com announces the availability of a 7-days crash course in MLQ4 (Metatrader4) programming for those interested in developing and automating their trading strategies.
  • SEC Freezes Assets of Illinois-Based Hedge Fund Manager Who Was $2 Billion Feeder to Petters Ponzi Scheme. The SEC today announced fraud charges and an asset freeze against a Highland Park, Ill.-based hedge fund manager and his firm for facilitating a multi-billion dollar Ponzi scheme operated by Minnesota businessman Thomas Petters.
  • iTrade Capital Market (ICM Trading) reports triple digit growth in 2009. Clients can also trade commodities like Crude Oil, Gold, and Natural Gas. ICM boasts over $20 million of net capital and that its client funds are insured and held in segregated accounts with Commerzbank AG – a world renowned financial institution with over 100 years of business history.

1 Comments on this post

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  1. Mario said:

    Be aware of this company ¡!!!!!!!!!!!!!!!!!!!!!!!!!!!!…..

    The are a company full of tricks to make you open an account I had one, opened with $500 and got to $3000 and they close my account and didn’t refund the earnings, just sent you an email that say your account is closes with a silly reason.

    Tricks and lies they are saying:

    1.- The prices that you are seen in the demo account are not the same on the real account.

    2.- You can use Expert Advisors, they will let you use them buy will close your account if you win to much money using them. They will arguing that you are using a software to predict prices, Is not for that all the software’s are made?, or tell you that you have a software that KNOWS the price to come and that is cheating, can you belie it if someone will ever know that will be the biggest millionaire in the world.

    3.- The most important think THEY TAKE POSITION IN THE MARKET AGAINT YOU.

    The real reason they the close mi account because I WAS BEATING THEM, YES THEM not the market. They will do this without saying nothing just you will wake up in the morning with an email that say that you account has been closes, no arguing chance, in fact they can do that for any reason they wanted, if is true or not, doesn’t matters.

    October 30th, 2009 at 8:54 pm


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