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Author Topic: fxcot.com  (Read 1180 times)

Online laracroft

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fxcot.com
« on: January 11, 2019, 08:08:02 PM »
 Has anyone had experience with this signal service?

http://fxcot.com/why-is-fxcot-so-profitable/

Online reinerh

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Re: fxcot.com
« Reply #1 on: January 11, 2019, 08:40:53 PM »

i sure cant find a myfxbook link.

sounds a little bit too good. also no costs mentioned.

Offline jwatts7701

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Re: fxcot.com
« Reply #2 on: January 11, 2019, 08:50:33 PM »

i sure cant find a myfxbook link.

sounds a little bit too good. also no costs mentioned.

Yes, and also, I have to call bull crap on this one.

http://fxcot.com/trade-copier/mt4-trade-account-history-available-from-2010/

"An account of 20,000 AUD hit 15.75 million AUD on 13 November 2018." - yet no myfxbook's and what looks like a fake statement, and soliciting retail clients for trade copying? That doesnt sound like what i would do if i made 15 million.

If you need latency speed of 2ms, copying will just ruin it. Doesn't make sense. And if you are trading 20 thousand to 10 million due to latency the broker will no doubt close that down as it is exploitative. I have had my share of low latency trading fun.

I really like the law though of no myfxbook = no deal. I would implement that here. Most of it is fake and just marketing to bait newbies. If they can show a myfxbook, I will happily eat my words though as 20k to 15m sounds awesome!

Online laracroft

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Re: fxcot.com
« Reply #3 on: January 17, 2019, 04:10:26 PM »
I sent the following message to fxcot.com:

"I inform you that I have decided not to send money to my real Live 10 account until I provide an active myfxbook link to one of the accounts managed by you
In your communications show screenshots and statements taken from myfxbook but the same can be manipulated and distorted, while only the direct link to myfxbook gives a guarantee not to be distorted,
I checked your site fxcot.com: it was created in Australia in July 2018: it seems strange to me that you have managed accounts since 2010 as the website was only created in July 2018.
Also, none of the most popular forex websites (donnaforex, forexpeacearmy, etc) have ever heard of you and there is no review on your account on the web.
All this seems strange enough and I suspect that under such behavior there is a scam."

This was the answer from fxcot.com:

We are new. We only traded for ourselves before November. Since November clients have joined like you taking the free offer.

ITS FREE. NO ONE GIVES A SYSTEM FREE. WE ARE GIVING IT FREE BECAUSE WE ARE CONFIDENT THAT YOU WILL BE OUR LONG TERM INVESTOR.  We dont charge anything. We cannot send you OTHER client myfxbook. Sorry. We charge a fee for myfxbook links.


There are two options:
1. FIRST OPTION: We send you myfxbook but we charge  20% profit share plus a hosting fee of $100 per month, we are happy to send you myfxbook if you are happy to pay.
2. Second option is what we have offered you. We offer free the system for you. RUn it till March 31st. Then the trial is over and you can decide if you want to continue.

Where is the scam ? We are not asking for money. Not a penny.

Its upto you whether you want to start or not.

If you want to start, you an send the minimum capital and see it work till 31 MARCH. If you are happy, then continue. Else discontinue.

You are the rare one who has asked me that you want to pay money for something that lots of clients are using to make money for free :)"

 
They want login and password of the real MT4 account.
I wonder: If a hacker knows the login and password of a real MT4 account can he empty it by stealing all the money from his holder?
This is my concern, because I would immediately realize if a strategy is good or not








Offline jwatts7701

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Re: fxcot.com
« Reply #4 on: January 17, 2019, 09:53:59 PM »
he cannot steal money from your mt4 account lara, only lose it in trading. But his answer is screaming of all kinds of red flags. Pay to see a myfxbook sounds rediculous. By showing a myfxbook he could get much more investment and not have to trade for free. It just all sounds a bit silly to me.

 

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