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forexexclusiveclub.com: Inspirational results or scam?


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forexexclusiveclub.com: Inspirational results or scam?

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  #1 (permalink)
USA
 
 
Posts: 163 since Jul 2009
Thanks: 67 given, 51 received

I stumbled across this site the other day. I keep thinking of the old adage, "If it sounds to good to be true, it...."

Forex Exclusive Club



What bugs me, is the site Forex Peace Army is trading a live account and also reporting impressive results.

Anybody had any experience with them?

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  #3 (permalink)
Brentwood, Tennessee
 
 
Posts: 39 since Mar 2010
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Why does it bug you about forex peach army testing it?

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  #4 (permalink)
Omaha, NE
 
 
Posts: 46 since Nov 2009
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I agree that your always wary of a system that is actually making money as advertised... (ironic what this profession has done to our ability to trust other traders eh?)

But if FPA is doing an independent real test and getting results, well then, what more is there to say. I'm impressed. These guys just might be legit.

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  #5 (permalink)
USA
 
 
Posts: 163 since Jul 2009
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CTGUY View Post
Why does it bug you about forex peach army testing it?




What I meant was that Forex peace army is actually looking for scams, and they're getting good results, too.

I'm a firm believer in the "If it sounds to good to be true it probably is" maxim.

These guys (forex exclusive club) are claiming an average 42% a month for the last 9 months. So, lets see, If we had invested $10,000 nine months ago, and left it in there, our $10,000 should be around $240,000 grand right now, with apparently no ceiling in sight! (minus fees) No-way!

I think we need a regulatory investigation.

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  #6 (permalink)
Omaha, NE
 
 
Posts: 46 since Nov 2009
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Yea but if you read their site they advocate taking profits out of your account at the end of each month.... and from the FAQ it sounds like they don't even let your accounts compound.

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  #7 (permalink)
USA
 
 
Posts: 163 since Jul 2009
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daedalus View Post
Yea but if you read their site they advocate taking profits out of your account at the end of each month.... and from the FAQ it sounds like they don't even let your accounts compound.

Yeah, looks like it could be legit. The rules seem fair. If I make money for the month, they get 30%. If I lose money, they don't get a fee until my balance goes back to and higher than it was the last month. I like that policy...

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March 11, 2010


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