Review Time
I invested after attending an online seminar about passive income. The speaker recommended the platform, and everything looked convincing. My broker guided me daily, and profits appeared consistently.
When I tried to withdraw, they demanded a “government compliance fee.” After paying, another fee appeared. Soon, my account was frozen. I felt shocked and stressed.
I searched for answers and found discussions about 𝐀̳𝐱̳𝐢̳𝐨̳𝗺̳𝗔̳𝘀̳𝘀̳𝐞̳𝐭̳𝐈̳𝐧̳𝐭̳𝐞̳𝗹̳𝗹̳𝗶̳𝐠̳𝐞̳𝐧̳𝒄̳𝒆̳. Reading real victim stories gave me hope. I reached out, submitted my proof, and followed the process. Eventually, most of my funds were recovered
I invested after attending an online seminar about passive income. The speaker recommended the platform, and everything looked convincing. My broker guided me daily, and profits appeared consistently.When I tried to withdraw, they demanded a “government compliance fee.” After paying, another fee appeared. Soon, my account was frozen. I felt shocked and stressed.I searched for answers and found discussions about 𝐀̳𝐱̳𝐢̳𝐨̳𝗺̳𝗔̳𝘀̳𝘀̳𝐞̳𝐭̳𝐈̳𝐧̳𝐭̳𝐞̳𝗹̳𝗹̳𝗶̳𝐠̳𝐞̳𝐧̳𝒄̳𝒆̳. Reading real victim stories gave me hope. I reached out, submitted my proof, and followed the process. Eventually, most of my funds were recovered
Started off great, made money, but clearly they have messed up their system some where along the way, opening 4 trades in a row in the same losing currency pair, didnt take the profit and then the trade went south for 4 months, showing no risk management, if they had stuck to what was realistic and safe given the fund they would have opened may 1 or 2 or used a stop loss, would have saved a lot of investors losing money, then to open hedge positions shows a total lack of understanding of the situation.Real shame as Forex can be a dangerous place, i feel they could have prevented this, the whole reason i got involved is that they were being more careful and managing the risk.
Prophets rebranded as Motioncapital after a rogue trade nearly destroyed alot of accounts, then followed by months of under performance and alot of admin/managment errors. ignor the claimed returns expect 30% drawdown for 1% monthly return.
I have made money whilst being with Prophet FX, there is no doubt in that. But, after 2 months of being with them, i just can't see how their EA (Expert Advisor) implements any risk management. When your account is in -10% Drawdown, this is not risk management at all. Any respectable investment company will use a 1:1 or even 1:2 Risk Reward ratio. However, i have seen my account at -£1700 to gain £70 profit on a trade. That means the Risk reward ratio is 10:0.5 on my £14k account.I know lots of people have made money with Prophet and i don't personally know anyone who has lost. But with a fair sized account, anyone could blindly enter a trade in any direction and ride through the storm until it eventually turned a profit. This is not trading, it's gambling!I have withdrawn my account and decided to nurture my current drawdown until those trades reach a profit or reach a point where i'm happy to close them. I did have to change my password on my account as i had requested no more trades to be placed, however they did keep on adding trades. So to prevent any new trades being added i changed my trading account password. I'm sure they will go on to keep making people money, and again i can't say that yet i have had a losing trade (And losing trades SHOULD be expected in trading). But i think the reason they don't lose, is because there is no risk management. Even the best traders out there DON'T have a 100% Winning strategy. I think its time for them to ditch the Expert Advisor, and start trading properly. (50 lines of code aren't the guru to success, they cannot gauge market sentiment nor can it consider fundamental or technical analysis).
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