ProphetMax, Senen Pousa - any info?

[SonicSunburst]

....He said that he was suspending trading for 2 weeks and would put a little pop-up window in place in case he entered the wrong number again and the pop-up window would then alert him and ask him if that was what he really wanted to do...

It's always so inspiring to watch professionals at work....

Im actually amazed they admitted any error at all. If this was a licensed MDA service in Australia where the trader admitted he made a mistake, they would have to make good on the error. If they couldn't afford to, then their insurer would cough up.

But because this is a $2 mickey mouse outfit being run out of a windmill, Keven is going to implement a pop-up to remind himself to check the order he just entered. Nice work Kevin, after all these years of trading millions of dollars for the ultra rich on MT4, I'm glad you've finally realized the need for a pop-up...

 

[jinny]

He discussed ASIC. He is angry with the people that say he has not been registered since 2003.
He said he first registered the company in 2003 and that the website does not show each successive year you renew. If he did not show up at all, then that would be a problem and he would be the first person to call ASIC.

As far as Financial Services license....he said they don't need this license because they do not receive any commissions. They have not received a penny of commissions as they are not an investment firm.

Their legal team is looking at the public forums for dis-info. Said if they were doing a scam would they be so public.

Said his role is to provide you the best of the best and said he has pushed for transparency.

Said if you slander him he will take legal action.

Senen said he is a very good judge of character and Kevin is trustable and has integrity. Senen said he could assure you of that.

Said the extremists are less than 1%.

Said other traders could not hold a candle to Kevin and his results. There are only .1% who are as good as Kevin.

That's some of the "highlights".

 

[SonicSunburst]

As far as Financial Services license....he said they don't need this license because they do not receive any commissions. They have not received a penny of commissions as they are not an investment firm.

Misinformation & lies! It's got nothing to do with whether he receives any commission or not. The definitions of financial product advice and dealing don't even mention commissions! Someone should suggest he gets his lawyers to brief him on the corporations act while he's writing them cheques.

Can someone ask him why the IB Capital application form and the LPOA have the IIC logo on them then?

 

[chestnut13]

I listened to most of the webinar. As someone who had traded and managed traders for much of my career, what has occurred is not all that uncommon. Kevin is quite human and unfortunately for everyone involved, devoid of risk management skills ... and fell prey to what many traders fall prey to ... I've fkkked up and it's not my money, but it's my career, and I have nothing to lose by doubling down. So he doubles down and just needs a small move in his favor to get back to even. But it doesn't happen. So he doubles down again, etc. ... finally the loss is enormous and so far out of bounds from his risk parameters that it no longer matters. Anyone with money with this clown should be thankful he stopped. IF ANYONE EVER PUTS MONEY WITH THIS OUTFIT AGAIN, THEY DESERVE TO LOSE IT ALL BECAUSE THEY HAVE NO RATIONALITY. The trade management stop was 2% ... end of story. There is no excuse nor any justification for going past this stop. It was very clear from Kevin's testimony that he simply doubled down and rolled the dice. No matter what his past performance, he has shown that he lose rational thought under pressure and cannot take a loss. What separates profitable traders from losers is the ability to cut a loss. If he had lost 10% it would have been egregious ... 65% is simply surreal. There is no excuse. If he was a real man he would fall on his sword and start all over again. Please, please, please do not place any money with this trader.

 

[rokr17]

Senen talked about being with Kevin for the last 4 years. I thought that they had recently switched from one trading company to another. Not sure where I heard this.
They said that one way to recoup the losses would be to put more money into their account.

On the EVG site, there is a person who has been with Senen for two years and he is now finally convinced is completely not what he makes himself out to be. Steven said that at first, Senen dealth with a trader named Mike Ser, than a mysterious trader named Charlie (no last name) who made 16 losing trades in a row and that he had only been with Kevin for 6 months. TBF, he did say they were profitable for those 6 months..... but not on the scale that is being advertised on the IIC site.

And then May 17 happened.

 

[rokr17]

I listened to most of the webinar. As someone who had traded and managed traders for much of my career, what has occurred is not all that uncommon. Kevin is quite human and unfortunately for everyone involved, devoid of risk management skills ... and fell prey to what many traders fall prey to ... I've fkkked up and it's not my money, but it's my career, and I have nothing to lose by doubling down. So he doubles down and just needs a small move in his favor to get back to even. But it doesn't happen. So he doubles down again, etc. ... finally the loss is enormous and so far out of bounds from his risk parameters that it no longer matters. Anyone with money with this clown should be thankful he stopped. IF ANYONE EVER PUTS MONEY WITH THIS OUTFIT AGAIN, THEY DESERVE TO LOSE IT ALL BECAUSE THEY HAVE NO RATIONALITY. The trade management stop was 2% ... end of story. There is no excuse nor any justification for going past this stop. It was very clear from Kevin's testimony that he simply doubled down and rolled the dice. No matter what his past performance, he has shown that he lose rational thought under pressure and cannot take a loss. What separates profitable traders from losers is the ability to cut a loss. If he had lost 10% it would have been egregious ... 65% is simply surreal. There is no excuse. If he was a real man he would fall on his sword and start all over again. Please, please, please do not place any money with this trader.

THIS!!

Please anyone who is reading this who is even remotely considering joining ProphetMax or Global Forex management read the above.

if you need more information on the experience of being with ProphetMax or Senen Pousa, please send me a PM.

 

[jinny]

On the EVG site, there is a person who has been with Senen for two years and he is now finally convinced is completely not what he makes himself out to be. Steven said that at first, Senen dealth with a trader named Mike Ser, than a mysterious trader named Charlie (no last name) who made 16 losing trades in a row and that he had only been with Kevin for 6 months. TBF, he did say they were profitable for those 6 months..... but not on the scale that is being advertised on the IIC site.

And then May 17 happened.

Tonight on the webinar Senen said that he has been with Kevin for the last four years. Somewhere else I had heard that he was with a different trading company and recently went with the Global Forex Management and Kevin.

There is such a web of information that it's hard to wade through it and get to the facts.

 

[AngrySucker]

Are Mike Dillard and Robert Hirsch of Elevation Group going to give back the nice percentage of Senen's, "application fee" they made in their promotion? That would help.

After researcher more they were certainly affiliates, and here is the scum they come from: Scamworld: 'Get rich quick' mutates into an unstoppable monster - YouTube notice Robert Hirsch hugging Yanik Silver in the video at 4:32-4:35. And then the bull**** at 4:46 - 5:02.

 

[thepixelpusher]

Isn't it a conflict of interest for Mike Dillard to be the one to review and pronounce Senen's service to be good or bad? He has Senen as a client by running his promotions through his Elevation Group and receiving compensation. Also some members are not with Elevation Group because the Senen offer was done publicly.

And with the loss exceeding the promised stop range of 3% per trade, how much review does Mike need to see that the stops were not honored and the trader did not follow the protocol promised and blew upwards of 63%? A major loss and very clear that the broker is not reliable. How can that not be more clear?

 

[AngrySucker]

Yes, certainly a conflict of interest. Robert Hirsch (who is this guy and where did he really come from?) and Mike Dillard should be investigated for taking million dollar kick backs from an obvious scam.

 

[thepixelpusher]

Are Mike Dillard and Robert Hirsch of Elevation Group going to give back the nice percentage of Senen's, "application fee" they made in their promotion? That would help.

After researcher more they were certainly affiliates, and here is the scum they come from: Scamworld: 'Get rich quick' mutates into an unstoppable monster - YouTube notice Robert Hirsch hugging Yanik Silver in the video at 4:32-4:35. And then the bull**** at 4:46 - 5:02.

This video should be a must see for all Elevation Group members.

 

[Bugz]

THIS!!

Please anyone who is reading this who is even remotely considering joining ProphetMax or Global Forex management read the above.

if you need more information on the experience of being with ProphetMax or Senen Pousa, please send me a PM.

I have a number of questions that are neither slander or conspiracy theories that I can't get answers to through google searches and even after emailing prophetmax:

1. I've phoned IB Capital trying to speak to their compliance department as part of my due diligence. However on every occassion I reach an answering service at an outsourced office-services company in York Street, London W1U6. I can't find an operating business in New Zealand where they're supposed to be head quartered either, only a serviced office.
Can anyone tell me where the actual broker is located and under what legal jurisdiction they operate?

2. Who are the directors of IB Capital? I have found only one director in my searches however I'm sure this can't be right for a global broking firm.

3. Why is the Investment Intelligence Corporation logo on all the IB Capital application forms I've been sent, which also nominate ProphetMax Managed FX as the "authorised trading agent", yet Senen has stated that IIC and ProphetMax are not involved in the recommendation of financial services? Doesn't the association by logo and authorised trading agency make IIC a financial service provider and therefore liable for losses such as last week's 63% loss? If not, as the trader admitted trading outside of the position sizes and risk under which he was supposed to trade (contractually I'd imagine), isn't he?

Answers from the ProphetMaxLegalTeam would be appreciated.

 

[SonicSunburst]

I have a number of questions that are neither slander or conspiracy theories that I can't get answers to through google searches and even after emailing prophetmax:

1. I've phoned IB Capital trying to speak to their compliance department as part of my due diligence. However on every occassion I reach an answering service at an outsourced office-services company in York Street, London W1U6. I can't find an operating business in New Zealand where they're supposed to be head quartered either, only a serviced office.
Can anyone tell me where the actual broker is located and under what legal jurisdiction they operate?

They are registered in NZ, and are a member of a local dispute resolution service there too. I fear however that there is no-one on the ground there, just a serviced office with a paid receptionist service. I've seen it mentioned a few times that funds were sent to the Netherlands; my guess is that the people behind it are located there.

2. Who are the directors of IB Capital? I have found only one director in my searches however I'm sure this can't be right for a global broking firm.

I think what has been uncovered here is that IB Capital are in fact not a global broking firm. A very shoddy outfit, set up late last year, with nothing more than a NZ serviced office and telephone number. Google the address of IB Capital, and you are presented with 2 pages of business' that claim to operate from that address.

3. Why is the Investment Intelligence Corporation logo on all the IB Capital application forms I've been sent, which also nominate ProphetMax Managed FX as the "authorised trading agent", yet Senen has stated that IIC and ProphetMax are not involved in the recommendation of financial services? Doesn't the association by logo and authorised trading agency make IIC a financial service provider and therefore liable for losses such as last week's 63% loss? If not, as the trader admitted trading outside of the position sizes and risk under which he was supposed to trade (contractually I'd imagine), isn't he?

Very good questions. Wasn't Global Forex Management the firm doing the trading? If IIC received no commissions, isn't an investment firm, and only referred clients, then why on earth are their logo's all over the paperwork?

What is evident to me is that IIC has been involved in the provision of unlicensed financial services, and there is definitely grounds for ASIC to shut down this racket. You should lodge complaints with the NZ dispute service which I have posted links to earlier in this thread, against IB Capital & GFM & ProphetMax Managed FX. As they (IIC) are unlicensed in Australia, you cannot take the usual avenue of lodging complaints with FOS. You will need to take your own legal action and sue for direct and indirect loses due to their illegal activites.

 

[Lightning McQueen]

have i missed the info and linking that the founding director of ib capital who has a netherlands address? or have we not mentioned that yet?

netherlands is where the funds were wired to, yes?

 

[SonicSunburst]

have i missed the info and linking that the founding director of ib capital who has a netherlands address? or have we not mentioned that yet?

netherlands is where the funds were wired to, yes?

Funds wired to Netherland I believe. Sole Director also based there;

Emade ECHADI
Dr Schaeplmanstraat 132, Haarlem
2032 GN, Netherlands

BTW, Emade is not the "founding director", directors were changed on 16th Dec 2011.

IB Capital is registered as an "Overseas Non-ASIC Company". Another address you can try for them is;

New Zealand Capital Finance
Eurofianzza Law Office
Level 5, 22 The Terrace
Wellington, 6011
New Zealand

Anyone interested can download a company extract from the NZ Companies Office website.

 

[pboyles]

Funds wired to Netherland I believe. Sole Director also based there;

Emade ECHADI
Dr Schaeplmanstraat 132, Haarlem
2032 GN, Netherlands

BTW, Emade is not the "founding director", directors were changed on 16th Dec 2011.

IB Capital is registered as an "Overseas Non-ASIC Company". Another address you can try for them is;

New Zealand Capital Finance
Eurofianzza Law Office
Level 5, 22 The Terrace
Wellington, 6011
New Zealand

Anyone interested can download a company extract from the NZ Companies Office website.

He or she also has another website RCI Investments The website is registered to HANNA BACHTIAR who may just be a web designer.

So your 'global' brokerage is run by a guy who's also an estate agent and lives in a flat in Haarlem, its hardly Wall Street is it?

Guys waken up, you've been conned, stop looking for ways to justify all this, like I said at the start this is a ring of marketers who were selling slimming tablets last week and are forex brokers this week, next week they'll be selling online viagra or sending e mails from Nigerian Generals.

Report this to ASIC now.

 

[the hare]

So your 'global' brokerage is run by a guy who's also an estate agent and lives in a flat in Haarlem...

I suspect he doesnt live there now.....

 

[SonicSunburst]

OK done a bit more digging and it's not looking great...

Once upon a time there was another broker called "EcnproFX". They seem to have disappeared late last year or early this year, taking a whole lot of client's money with them.

A bit of digging reveals the director of this company to be a Mr Chanthru Sarigabani. We haven't seen his name in connection with IB Capital, but interestingly his address is listed as;

95 Wilton Road
Suite 718 Victoria
London
SW1V 1BZ

Look familiar? It should, because it is the address lodged with Companies NZ for the initial director of IB Capital, Joaquim ALMEDIA.

I would guess that all these directors are just pawns. Maybe involved at a very low level, & thrown a few dollars to front these outfits.

 

[JanFrance]

OK done a bit more digging and it's not looking great...

A bit of digging reveals the director of this company to be a Mr Chanthru Sarigabani. We haven't seen his name in connection with IB Capital, but interestingly his address is listed as;

95 Wilton Road
Suite 718 Victoria
London
SW1V 1BZ

This UK address is in fact just a stack of letter boxes...Google Earth

 

[NurseAnge]

Sign me up at the $10 mill level for a Senen bank account that pays 10% woohoo!!