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I tested this (so called) broker service but is a waste of time and money. Spread of 5 pips for EUR/USD? No stable trading platform/data service, no professional support, client data not safe,...
Myprivatetrade(MPT) is actually an Introducing broker with no proper support. People behind MPT=Simray LLC, ASA,...? are known MLM(Multi-Level Marketing) people, experts in setting up Pyramid systems. MPT works with an agent commission system in 4 levels and even deeper. You can make money on your clients by letting them trade the financial markets. Problem=they have no professional traders that are registered with local financial authorities=ILLEGAL AS PROVIDING A FINANCIAL SERVICE AS A FINANCIAL INTERMEDIARY(AGENT) BUT NOT OFFICIAL LICENSED TO DO SO=FRAUD. Typical example of Investment Pyramid scheme, which is illegal.
Good luck trading. |
By: forexpro
IP: 84.194.42.218
Date: 07/07/2008 |
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