How Forex Scammers Operate

blackjack13

Newbie
1 1
Most of you have probably seen these 20 somethings who drive gold Lambos FX and claim to be trading educators on Instagram selling FX signal services. After a while investigating these charlatans Ive decided to make a handy step by step guide on how you can spot one or become one.
1, The Car

Rental:
Rent a supercar for a day, drive it everywhere and take loads of picture wearing different clothes so you act like you own it later in the year.
Laise an old supercar:
Nearly all these guy still live at home with their Mum and Dad which is why you never see picture of where they live. Money they save from living at home means they have £500 a month to spend leasing a second hand supercar.
Even if you work stacking the shelves in a supermarket you can lease a second hand Bentley, Aston Martin or BMW i8 for £400 - £500 a month. Slap a private plate on it an no one knows how old it is.
I found this BMW i8 below for £38k or £460 per month (proper traders have cars with Gullwing doors)
https://www.pistonheads.com/classifieds/used-cars/bmw/i8/bmw-i8-1-5-7-1kwh-auto-4wd-s-s-2dr/10533426

2. Fake Reviews


To make it look like you run a ligament service and have hundreds of satisfied clients. Register on Trustpilot and simply write your own reviews. All you need is a Gmail account which can be set up with no authentication,and any negative reviews you can report to Trustpilot and have removed. So you are guaranteed 100% 5 star reviews.

3. Fake Account

Demo account baller
Remember you trade for a living so simply open up 2 demo accounts, place trades in each direction and post a screen shot of the winning account at the end of the day
Fake MT4 accounts scam
Alternatively use MT4 there are servers you can buy access to. Once on the server you can create an account with the broker of choice and fund it with any amount. You can then place any trades you want (going back in time) and selling high or buying the low at any size.
Info below on these fake servers
https://www.google.com/search?q=fak...1.69i57j0l5.8684j0j8&sourceid=chrome&ie=UTF-8

4. Straight Cash Money

Stacks:
Head on over to Ebay and buy fake prop money, then place stacks of fake money around the place, then post pics to Instagram
https://www.ebay.co.uk/itm/50x-20-N...973118?hash=item2f382d907e:g:UloAAOSwkXBdrwDm

5. Motivation

Steal motivational quotes from Google images and post them on your Instagram. Act like you have worked your ass of for years and not just engineered a lie over night.

6. Wrist Game

Can't afford a Rolex, no problem. Counterfeit watches are no longer easy to identify. Fake timepieces now have previously unseen levels of sophistication. You can pick one of these "Superfakes" for under £200
https://perfectrolex.io/

7. Splash the Cash

Youre pretending to be a millionaire so you need to post some pictures of your shopping trips. Time to head back over to Ebay where you can buy empty Selfridges, Harrods and Harvey Nicholos plastic bags.
https://www.ebay.co.uk/itm/selfridg...022892?hash=item48df5c71ac:g:ac8AAOSwtcRcO1pS

8. The Rainman Suite

Stay in a luxury hotel room overnight, act like you went on a whim and haven't been saving up for months. Post pictures to Instagram
 
  • Like
Reactions: CavaliereVerde

trendie

Legendary member
6,795 1,364
I recall a while ago that spammers sent emails with obvious and deliberate spelling mistakes in them.
I dont know if this is an urban legend or not, but the idea behind it is that sensible, intelligent people will disregard the low-quality writing and bin them. Desperate people, or people willing to allow their critical faculties to be overridden by the hope of great wealth, are precisely the gullible types spammers prefer.

I cant help feeling these get-rich-quick, better-than-Buffet, make 10K from your laptop from the beach, and the 4hr-workweek, are similar tropes designed to filter out the sensible, and filter in the gullible, and are ripe for the fleecing.

Note how the peripherals, eg, flash car, beach-houses, and high-living is the thing being sold, to deflect from the poor-quality of the product, or training being offered.

There is a guy called Mike Winnet on YT who comicly bashes these types of scammers.
Its an interesting industry, these scammer-types.
 
  • Like
Reactions: CavaliereVerde

hefoba

Active member
107 99
Most of you have probably seen these 20 somethings who drive gold Lambos FX and claim to be trading educators on Instagram selling FX signal services. After a while investigating these charlatans Ive decided to make a handy step by step guide on how you can spot one or become one.
1, The Car

Rental:
Rent a supercar for a day, drive it everywhere and take loads of picture wearing different clothes so you act like you own it later in the year.
Laise an old supercar:
Nearly all these guy still live at home with their Mum and Dad which is why you never see picture of where they live. Money they save from living at home means they have £500 a month to spend leasing a second hand supercar.
Even if you work stacking the shelves in a supermarket you can lease a second hand Bentley, Aston Martin or BMW i8 for £400 - £500 a month. Slap a private plate on it an no one knows how old it is.
I found this BMW i8 below for £38k or £460 per month (proper traders have cars with Gullwing doors)
https://www.pistonheads.com/classifieds/used-cars/bmw/i8/bmw-i8-1-5-7-1kwh-auto-4wd-s-s-2dr/10533426

2. Fake Reviews


To make it look like you run a ligament service and have hundreds of satisfied clients. Register on Trustpilot and simply write your own reviews. All you need is a Gmail account which can be set up with no authentication,and any negative reviews you can report to Trustpilot and have removed. So you are guaranteed 100% 5 star reviews.

3. Fake Account

Demo account baller
Remember you trade for a living so simply open up 2 demo accounts, place trades in each direction and post a screen shot of the winning account at the end of the day
Fake MT4 accounts scam
Alternatively use MT4 there are servers you can buy access to. Once on the server you can create an account with the broker of choice and fund it with any amount. You can then place any trades you want (going back in time) and selling high or buying the low at any size.
Info below on these fake servers
https://www.google.com/search?q=fak...1.69i57j0l5.8684j0j8&sourceid=chrome&ie=UTF-8

4. Straight Cash Money

Stacks:
Head on over to Ebay and buy fake prop money, then place stacks of fake money around the place, then post pics to Instagram
https://www.ebay.co.uk/itm/50x-20-N...973118?hash=item2f382d907e:g:UloAAOSwkXBdrwDm

5. Motivation

Steal motivational quotes from Google images and post them on your Instagram. Act like you have worked your ass of for years and not just engineered a lie over night.

6. Wrist Game

Can't afford a Rolex, no problem. Counterfeit watches are no longer easy to identify. Fake timepieces now have previously unseen levels of sophistication. You can pick one of these "Superfakes" for under £200
https://perfectrolex.io/

7. Splash the Cash

Youre pretending to be a millionaire so you need to post some pictures of your shopping trips. Time to head back over to Ebay where you can buy empty Selfridges, Harrods and Harvey Nicholos plastic bags.
https://www.ebay.co.uk/itm/selfridg...022892?hash=item48df5c71ac:g:ac8AAOSwtcRcO1pS

8. The Rainman Suite

Stay in a luxury hotel room overnight, act like you went on a whim and haven't been saving up for months. Post pictures to Instagram

Hi,

Posting different statement and tell you that they made xxx% together is one classical too.

Like account1 = 25% account2=50% and account3=50% then 25+50+50=125%

But in reality only -true - track record from 1 account is what counts.
 
  • Like
Reactions: CavaliereVerde

CavaliereVerde

Experienced member
1,524 1,953
For every professional trader ther are 10.000 professional scammers.

Survivorship bias and luck are their tools.

They have 100 students and they show you the results of the luckiest.

They sell their miracle EA to 100 guys, 1 is lucky and makes money and that is presented as a proof, unlucky guys are presented as trolls and lamers.
 
Last edited:
  • Like
Reactions: Mogor and hefoba
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock