Trading scam, exposure of all groups of traders in VK

Exposing VK traders, Trading is a deception or the truth.
Hello! My name is Egor Letov. On my blog I share inconvenient facts about finance. Do you often come across advertisements with easy ways to make money? For several weeks now I have been seeing advertisements on VK about miracle traders who help me earn millions absolutely disinterestedly and for free.

The trading scheme is so primitive that it becomes ridiculous. But honest and kind

these scammer guys continue to lure gullible people and squeeze all the money out of them.

In the article you will find out

: where does the sea of ​​advertising on VK come from, the deception scheme, a list of all fraudulent groups, is it really possible to make money and where you can’t trade.

I will try to tell you about all the intricacies of trading. Let me note right away that the material will be chewed in as much detail as possible, so get ready for many letters. If you are ready to spend a couple of minutes for some informative reading, then welcome.

Trading fraud scheme

The trading scheme is as primitive as the commodity economy. It all comes down to beautiful tales of multi-million dollar earnings. Hamsters are told how easy it is to make money out of thin air.

Show:

• beautiful life
• expensive cars.
• wads of money, resorts.

The main task is to introduce into fragile minds that anyone can easily earn money, just bet on miracle bets or signals.

Fraudsters offer to trade binary options. What are binary options? In theory, this is the movement of the foreign exchange market. In fact, this is a variation of a casino where the movement of currencies does not depend on the real situation on the market. There is a chapter below about scam companies like binarium.

Divorce scheme No. 1:

1. They create a group on a social network (VK, Instagram) with pictures about a beautiful life.
2. Through advertising on VK, they attract a predominantly young audience (young people are more likely to believe in easy money).
3. They offer absolutely free and win-win signals on currency exchange rate movements.
4. To receive signals, a person needs to register using a referral link and make a deposit.
5. The player bets on signals (forecasts) and gradually loses the deposit.
6. The fraudulent referral manager gets more than 50% from the losses of naive hamsters.

Photos of a beautiful life are specially displayed.
Scheme No. 2:

1. They place advertisements on job sites, enticing them with favorable conditions.
2. The employees who responded are told that everything is free and transparent.
3. Employees register using a referral link.
4. They bet on signals and lose .

If someone hasn't understood yet. In fact, you really don’t pay for anything; traders’ services are truly free. But the trick is in the deposit! Fraudsters make money from losing your deposit in your account.

Afterword

More recently, Russian forex was characterized by offshore registration. However, the emerging trend towards obtaining licenses from the Central Bank creates new conditions for competition.

While the Central Bank of the Russian Federation has not yet finalized the rules by which it will regulate the activities of Forex market participants, traders will soon have a real and informed choice whether to trade with a Russian company or a foreign one. Discussions on forums show a noticeably increased level of legal knowledge of Russian traders. I dare to hope that my modest contribution is in this.

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Why do traders offer account promotion?

In some cases, traders offer to boost the victim’s account for a small reward.

When the hamster sees beautiful charts with huge profit percentages, he breaks down the tower...

Due to the fact that some people are afraid to bet themselves, the scammer offers a miracle service called account promotion. In this option, they promise to increase the deposit several times.

For example, from 10 thousand rubles to 30-50 thousand. It’s tempting, isn’t it?

Feedback on account promotion
In fact, the deposit is lost and all the money goes to the scammer trader. After all, think for yourself... If a trader is so cool that he earns millions, then why should he take on a measly 10 thousand? And there is only one goal

— get the hamsters’ money.

Instructions for choosing a Forex broker

Any rating of Forex brokers

is not without a subjective component. The list of companies above does not mean that there are no worthy companies outside of these four, and when choosing, you need to strictly limit yourself to only these brands.

Even if you use ratings when choosing, get into the habit of double-checking the information. Data in various TOPs may become outdated; brokers also do not stand still and expand the list of possibilities.

Independent analysis is carried out in several areas:

• The company's operating experience and its regulation are studied . This gives an understanding of how traders treat it, what kind of reputation they managed to earn;
• the technical component is analyzed . This includes such issues as the minimum deposit, conditions for different trading accounts, spread size, speed of order execution, frequency of requotes and slippages, methods of replenishment/withdrawal of funds. All of the information listed is provided on the website; if some of the data is missing, it is clarified by technical support;
• secondary aspects of the work are assessed - the availability of bonuses, tournaments, promotions, the quality of technical support.

Now we will analyze each of the described points in more detail.

Interesting poll at the end of the article!

Don’t leave early - take the survey) It’s both useful and informative)

Go to survey>>

Reputation and experience in the industry

The first Forex brokers in Russia appeared in the 90s of the last century. If a company has been around since the 90s, chances are it operates honestly; scammers don't stand the test of time.

To be on the safe side, we recommend checking the selected brand using the following criteria:

• public opinion Feedback with evidence base is taken into account first. If you see a flood of comments in which traders talk, for example, about problems with withdrawals and all of them are confirmed by correspondence with technical support, there are requests to the regulator, think about the reliability of the company. Pay attention to feedback from the broker; honest companies always answer questions to the point;
• assessment of reputation based on publications in the media . It is necessary that the brand is not associated with scandals or trials;
• websites of self-regulatory organizations . These resources are useful because they have blacklists that include unreliable companies, for example, those that forged certificates.

As for the country of registration, this is not considered a significant criterion when choosing a Forex broker. All of the brokers listed above are registered in offshore zones, but this does not prevent them from working stably for decades. Offshore companies are chosen because of the ease of doing business, optimization of the tax component and ease of obtaining licenses from local regulators. If the head office is located, for example, in Cyprus or St. Vincent and the Grenadines, this does not mean that the company has decided to deceive you .

Alpari broker registration certificate

Regulation

In the case of Forex, the most reliable option is government regulation. In Russia, for example, the highest regulator is the Central Bank of the Russian Federation.

In the past, a number of brokers were licensed by the Russian Central Bank. There was the same Alpari Forex LLC, but at the end of 2021 the regulator announced that in January 2021 a number of licenses would be terminated. The reason for this is not that the companies did not pay traders what they earned or deceived them in other ways. The press wrote that the main reason for this is that brokers literally “lure clients to foreign markets .

Forex brokers and the Central Bank of the Russian Federation argued about the legality of revoking the license, but the regulator’s position did not change. Brokers decided not to try to obtain licenses again, there are several factors that explain this:

• the regulator requires a leverage limit of 1 to 50;
• PAMMs are not possible . This type of investment is essentially a form of trust management, and Russian law prohibits the direct transfer of money to a trust. An exception is situations when money is part of another object transferred to the trust, but PAMMs are not covered by it;
• it would be impossible to accept payments in cryptocurrency from EPS wallets.

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These restrictions would require Forex brokers to significantly worsen trading conditions. Alpari would also have to abandon the developed PAMM system. As a result, only a few companies have a license from the Central Bank of the Russian Federation.

Other players in the Forex market have licenses from offshore regulators, this has become the norm. Usually we are talking about the Cyprus CySEC, the regulators of Vanuatu, Saint Vincent and the Grenadines, and the British FCA. Membership in The Fiinancial Commission also adds weight.

At the same time, the regulator’s license does not provide 100% protection against possible arbitrariness on the part of brokers. But this proves that the company is serious; regulators are putting forward a number of requirements that must be met.

The disadvantage of this scheme is that all offshore Forex brokers are not tax agents . That is, you will have to resolve the tax issue yourself - fill out 3-NDFL and communicate with the tax authorities.

WE RECOMMEND READING - How to pay taxes on Forex profits? Forex Trader's Guide

Trading conditions

This category includes a number of criteria; when choosing, pay attention to:

• starting deposit, this is important for beginners;
• spreads, swaps, execution speed. Depending on your trading style, this can have a critical impact on your results. For example, slow execution of orders will make it impossible to work on impulses with the help of an appropriate adviser. For long-term trading, having an Islamic (swap-free) account is critical;
• leverage. Its size affects the amount of margin (collateral for opening a transaction);
• set of available assets;
• commission;
• availability of both demo and cent, standard ECN accounts;
• Stop Out level – affects the size of the drawdown that the deposit will withstand before being drained;
• restrictions on the number and size of open orders.

Ideally, a broker should allow clients to switch to Islamic accounts and provide near-instant execution of orders. The significance of trading conditions is determined depending on the type of strategy. Thus, aggressive high-frequency scalping requires a minimum spread and high speed of order execution; for medium- and long-term trading, a zero swap is required.

Feel free to clarify the details with technical support. For example, an Islamic account may not be listed on the website, but it may be available upon request through technical support.

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Trading terminal

A combination of the 4th and 5th versions of MetaTrader is considered a classic. MT4 boasts thousands of custom advisors and indicators, MT5 has a more advanced strategy tester, and there are a lot of other innovations. It is advisable that companies do not limit clients to only MT4 or MT5.

The programming languages ​​for MT4 and MT5 do not match; if the broker limits clients to MetaTrader5 only, some strategies will not be possible to implement. There simply won’t be the necessary indicators for them in a newer version of the terminal.

As for proprietary platforms, this is more of a nice addition rather than a prerequisite. They may be good, but they still lose to MT4 due to the lack of an extensive base of custom indicators and advisors.

MT4 terminal

Replenishment and withdrawal of funds

Forex brokers licensed by the Central Bank of the Russian Federation do not accept payments from EPS wallets; cryptocurrency options are also not available. Companies with offshore regulation do not have such restrictions.

Standard set of account replenishment options:

• bank cards and direct transfers through banks;
• from EPS wallets.

Optional options for depositing funds into the account are through self-service terminals, through partner stores, in cryptocurrency. Supporting these areas provides an additional benefit.

As for withdrawals, support for options with a bank (transfer and cards) and EPS wallets is required. This is enough for trouble-free operation and withdrawal of funds.

As for commissions, it is advisable that the company does not charge them for either deposits or withdrawals. The commission from the payment system or bank remains the same.

Bonus policy

In this category we will put:

• bonuses directly;
• promotions dedicated, for example, to anniversary dates;
• tournaments in which customers can win real prizes.

We recommend that you take a sober approach to brokers’ offers; no one is going to give money just like that. Bonuses always have conditions for working them out; the most common option is setting a minimum trading turnover. Each lot of turnover “works out” several bonus dollars.

Tournaments and promotions are preferable in terms of promotions. In tournaments, you can win a small amount and not work it off, but immediately withdraw it or receive it to your trading account and work with increased capital.

A separate advantage is tournaments on training accounts, in which the trader does not risk real money. Alpari has such an offer, you can win real money and not have to work it off.

Analytics and training materials

The optimal set looks like this:

• training – basic level materials, they are needed for the trader to gain an understanding of how the market works and where his profit/loss comes from;
• own analytics - not only general analyzes of markets, but also technical analysis indicating specific price levels and possible scenarios. This is useful in trading and can be considered as an educational element;
• support for third-party analytical services – Autochartist as a plugin for MetaTrader and materials from Trading Central.

If a company’s website does not have an analytical or training section, this does not make it any worse than its competitors. When choosing, analytics and training are not the first thing people pay attention to.

What else to pay attention to

This category includes other features of brokers that do not fit into any of the blocks listed above:

• own VPS – useful for fans of automated trading. There is no need to look for a third-party service, and a minimum delay in transmitting signals from the virtual server to the broker’s server is guaranteed;
• passing an audit, additional insurance funds - an additional argument confirming reliability;
• own indicators, AMarkets has, for example, Cayman and SOT;

  
  Cayman indicator from Amarkets

• advisor database . This does not mean proprietary advisors, but a set of proven robots; some brokers distribute such collections;
• partnership programs . Important for owners of promoted websites and blogs;
• adequacy of technical support . The speed and completeness of the response is important; a Forex broker should not limit itself to formal unsubscribes.

List of all groups of scammers on VKontakte

Here I have collected active groups of VK scammers. I will add to the list.

1. Serial trader, link.
2. Successful investor, link.
3. Leader trader.
4. Trader's room.
5. Trader from Altai.
6. Trading, signals, analytics.
7. Binary options for beginners.
8. Impulse, a robot for trading on impulses.
9. A rich trader is a poor trader.
10. There are no borders visible from space.
11. Cartel Traders Club.
12. PocketRobot.
13. Serial financier, article.
14. investor club.
15. dr investor.
16. professional trader.
17. smart investor.
18. Investors Club INVESTPEOPLE.
19. Charged financier.
20. BitGeek. Ambitious trader.
21. MH trade. Binary options.
22. Free signals on BO.
23. Soul trader.
24. Shadow Financier.
25. Trading, Binary options with RD
26. Special trader.
27. Lanister BO, signals, training.
28. MineCoin is a financial game.
29. KazTrader.
30. Smart trader.
31. Honest trader.
32. Egor Moiseev trader.
33. Financier's Blog at Maximum Speed.
34. Brother trader.
35. Trader Phoenix.
36. Let's Trade.
37. Scrooge Money

If the group is not on the list, write in the comments and I will check.

Don't believe my arguments? Just flip through the pages. All groups are like a carbon copy - the same scheme of deception is everywhere. Sometimes with slight variations, but the essence remains the same.

The essence of the referral (affiliate) program

The referral program was created as an effective way to advertise goods and services. The company pays a portion of its profits to anyone who helps sell the product.

For example, an apple costs 100 rubles, and the farmer is willing to pay 20% of the amount to someone who helps sell it. In the case of a sale through an affiliate (referral) program, the farmer will receive 80 rubles, and the conditional blogger 20 rubles.

In the case of brokerage (trader) or bookmaker offices, everything is much more interesting.

How groups of traders really make money

The broker is willing to pay more than 50% of his profit. The broker's profit is the players' losses. Why is that? Judge for yourself how a broker can make money? The office does not produce or create anything. Money only comes from people losing.

Link to consultation

In other words, this is a variation of casinos and sports betting. Even if you win (there are such lucky ones), the player will not be paid the funds. Reviews from the lucky ones are below.

The story of how my subscriber got a job as a Typist and almost ended up in debt - link.

What do investors like?

Below you can see two graphs. Both graphs show the annual returns of two different traders.

The red color indicates the profitability graph of an aggressive trader. He earned an impressive 300% in a year. The profitability graph of a conservative trader who follows money management, does not inflate lots, follows all the rules and aims at stability rather than profitability is highlighted in yellow. Its profitability is 50% per year.

Which trader will an investor with a hundred bucks in his pocket choose? In 90% of cases, an aggressive trader with high profitability. Which trader will an investor choose, say, with a million rubles? In 100% of cases - a stable trader, even if his profitability is lower.

Understand: big money loves a safe haven. A person with normal money sees a jumping chart, even with high profitability, as a clownery. As a rule, people with money are calm about small drawdowns, are not indignant about commissions to the manager and are generally adequate.

Who will invest in an aggressive trader? Basically, hysterics with a hundred bucks, who panic at the slightest drawdown. Do you need such investors?

“But the profitability is still small!!!11,” the newbie thinks in despair. Calm down, breathe out and pick up a calculator. Let's say your deposit is $1000. If you trade only with your own money, with a return of 50% per annum, you will earn $500. Not much.

Now let's calculate what will happen with the same profitability, but with the attraction of investor funds. Let's say you collected $1 million for management (it's not difficult), and earned the same 50% per annum. Those. in monetary terms $500,000. Let's say you set a capital management fee of 30% of profits. Those. It was your earnings that amounted to $150,000 for the year. Not bad, considering that you risked the same thousand dollars of personal capital.

Is it really possible to make money from trading?

You can really make money from trading. To do this, six conditions must be met.

• Have extensive experience in the foreign exchange market.
• Cool head.
• Analysis of global indicators.
• Luck.
• Significant investment of money.
• Speculate only in official companies.

Let me note that you should engage in speculation only in official brokerage companies.

Scam companies:

1. Binarium.
2. Pocket option.
3. 24opsion.
4. Olymp Trade.
5. Binomo com.
6. Intrade bar.
7. Other similar.

A detailed analysis of the broker Binarium with facts and reviews.

These are unofficial offices that do not have a broker’s license and are not even registered in the Russian Federation, so no one controls them. This means that such brokers set the exchange rate that is beneficial to them.

Even if he miraculously manages to earn money, the winnings will not be paid out. And the player will not prove anything, because... the company has no relation to Russia, and therefore the court will not help.

The reality is that only the broker himself and the one who brings players make money from trading.

How much do scammers earn?

Let's take for analysis the last entry of one of the scammers.

Number of views from May 14 to June 13 = 64 thousand. Conversion of interested traffic in the gambling sector (trading is a gambling sector), more than 20%, which means that out of 64,000 people, 12,800 people made a deposit. The minimum deposit is 300 rubles, respectively, the total profit from losses will be 3840000.

Because the scammers receive at least 50%, then their profit is more than 2 million rubles. And this is only in a month! The figures given are the bare minimum.

It is important to take into account that people, even after losing, continue to replenish their deposits again (no one has canceled the disease of gambling addiction), so the income of scammers can be much greater...

What do the people want?

Returning to the survey mentioned at the beginning of the article. Here are the results at the time of this writing:

As we see, the majority still know how to think more or less adequately and expect income from Forex at the MMM level (in the last reincarnation, if my memory serves me correctly, suckers were attracted by 20% per month).

The second most popular option is 5-10%. But don’t forget that the survey was about MINIMUM monthly profitability. Those. we mean that there will be months with higher returns, but not less. The 5-10% option is realistic, I’m glad that many people understand this.

What surprised (although not particularly) was that almost 17% of respondents believe that without a profitability of 100% per month there is nothing to do on Forex….

People, do you really think that you will consistently double your deposit every month? Let's see what happens with such a profitability (100%) with a deposit of $1000.

• 1 month – 1000 $
• 2 month – 2000 $
• 3 month – 4000 $
• 4 month – 8000 $
• 5 month – $16,000
• 6 month – $32,000
• 7 month – $64,000
• 8 month – $128,000
• 9 month – $256,000
• 10 month – $512,000
• 11th month – $1,024,000
• 12 month – $2,048,000
• 13 month – $4,096,000
• 14 month – $8,192,000
• 15 month – $16,384,000
• 16 month – $32,768,000
• 17 month – $65,536,000
• 18 month – $131,072,000
• 19 month – $262,144,000
• 20 month – $524,288,000
• 21 months – $1,048,576,000

a BILLION on ?

BCS Forex

BCS Forex – has been operating in the financial market since 2004. Provides the best trading solutions, improves Forex services.

There are 4 types of account:

• GLOBAL – more than 110 instruments for trading, spreads from 0.1 points, market depth of market, MT5, account replenishment using electronic wallets, cards, online banking, bank and internal transfers.
• NDD – minimal spreads, high execution speed, MT4, MT5, the same replenishment methods.
• PRO – more than 110 instruments for trading on Russian and foreign markets, four-digit quotation, fixed spreads on currency pairs, MT4, the same methods of replenishment.
• DIRECT – minimum deposit from $1, spread from 0.7 points, leverage up to 1:200, MT5, deposit methods are the same.

Convenient trading signals for MetaTrader.

The official website has Forex trading training programs. Online training is available in your personal account. It consists of courses, training videos + a trader's textbook.

Advantages:

1. More than 330 highly liquid instruments of Russian and foreign exchanges.
2. High speed of order execution.
3. Free access to technical analysis and trading recommendations.

According to reviews, this is a reliable company that is popular among traders. You can study people's opinions, for example, on Brokers.best.

On Forex-ratings:

Rating of Forex brokers 2021 according to the blog + withdrawal deadlines

Based on a brief description and the specified criteria, we will distribute Forex brokers by place in the rating.

1 place

Alpari . One of the oldest brokers, in addition to excellent trading conditions, allows you to earn money in passive mode through PAMMs. Suitable for all trading styles, supports both MT4 and MT5. There are practically no disadvantages.

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2nd place

Roboforex . It stands out for its huge number of trading assets, VPS for clients and an insurance program. There is nothing to scold the company for, but in terms of experience in the market it is still inferior to Alpari, so it deserves second place.

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3rd place

AMarkets . In addition to good trading conditions, we note regular audits, our own VPS and useful indicators developed by the broker. The only drawback is the relatively high starting capital, but $100 is unlikely to be an obstacle when choosing this company.

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4th place

Deriv (Binary.com) . The only reason for fourth place is the youth of the brand. Binary.com has proven itself well in the BO market, but the company is still a newcomer to Forex. Let us note the opportunity to work on weekends - this is a rarity; it practically does not occur with other companies.

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All the Forex brokers listed in the rating are good, and each has its own pros and cons. It's up to you to choose. The most important thing is that these companies withdraw their earned money, which is extremely important for any trader)

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LiteForex

LiteForex – has been operating since 2005.

The broker has 3 types of accounts: ECN, CLASSIC, DEMO.

ECN:

• minimum deposit – $50;
• leverage – from 1:1 to 1:500;
• floating spread – from 0.0 points;
• commission – from $0.5 per lot;
• MT4, MT5;
• types of trading: independent, investment (2.5% per annum);
• trading instruments: currency, oil, CFD NYSE, CFD NASDAQ, metals, stock indices;
• The maximum number of lots is unlimited.

CLASSIC:

• minimum deposit – $50;
• leverage – up to 1:500;
• floating spread – from 1.8 points;
• commission - no;
• MT4, MT5;
• trade – independent;
• the same trading instruments;
• The maximum number of lots is unlimited.

Advantages:

1. Official representative offices in more than 15 countries.
2. There is Social Trading – a platform for copying trades.
3. Payment system fees are reimbursed.
4. Competitions with valuable prizes are constantly held.
5. Islamic accounts.
6. One-click trading, etc.

Deposits and withdrawals are carried out using electronic payment systems, bank transfers, and bank cards.

Other tools: trader's calculator, analytics, economic news, Fibonacci calculator, economic calendar.

On the site you can learn to trade Forex. There is a large selection of educational articles, a Forex textbook, webinars, a glossary, Forex books and training on basic strategies.

The site has been translated into 13 languages, including Russian and English.

You can read reviews from real people and their experience of working with a broker, for example, on Brokers.best:

On Forex-ratings:

Just2Trade

Just2Trade - the company has been operating since 2007, in 2015 it received a license to operate in Cyprus.

Member of the Investor Compensation Fund.

More than 155 thousand clients from 130 countries.

Technical support in Russian and English 24/7.

Trading conditions:

• minimum deposit – $100;
• more than 40 currency pairs;
• maximum leverage – 1:500;
• spreads – from 0.0 pips;
• protection against negative balance;
• minimum lot – 0.01.

Types of trading accounts:

1. Forex and CFD Standard.
2. Forex ECN.
3. MT5 Global.

Trading platforms: MT4, MT5, CQG, ROX, J2TX.

Payment system: MasterCard, Skrill, Neteller, Cash, Swift, Paysafecard.

This company is distinguished by high security and a huge number of financial instruments.

Positive review about Just2Trade

FxPro

FxPro – the company has been operating since 2006. He has more than 70 professional awards and is a sponsor of the Formula 1 team.

Services under the brand name FxPro are provided by 4 companies registered in England, the Republic of Cyprus, Dubai and the Bahamas.

Has 7 international sponsorship projects.

An electronic wallet is provided, which allows you to store funds in separate bank accounts. The company provides protection against negative balance.

Trading platforms:

• MT4;
• MT5;
• cTrader;
• FxPro Edge.

There are web versions and mobile applications for the convenience of customers.

The company provides 6 types of accounts, each with its own advantages. Comparison:

• FxPro MT4 Instant (fixed spreads): spreads from 1.6; min deposit – $100 + demo version;
• FxPro MT4 Instant (floating spreads): spreads from 1.71; min deposit – $100 + demo account;
• FxPro MT4 Market: spreads from 1.58; min deposit – $100 + demo account;
• FxPro MT5: spreads from 1.51; min deposit – $100 + demo account;
• FxPro cTrader: spreads from 0.37; min deposit – $100 + demo account;
• VIP: 30% discount on spreads; min deposit – $50,000; commission discount.

256+ instruments: CFDs on Forex, stocks, futures, indices, metals, energy resources.

Almost all orders are executed in less than 11.06 ms.

Multilingual technical support 24/5.

A large selection of currency pairs based on online courses from central banks from around the world: Eurozone, China, Russia, USA.

You can study recent reviews from practicing traders, for example, on Forex-ratings: