Discussão AlgoFX Arbi

Ignazfx posted:
what the minimum someone can despoit

The minimum deposit is 5,000 EUR

Hey to all,


I'm getting a lot of PM regarding minimum deposit, so want to clarify it here.

According to the decision of Grinta manager the minimum investment to join the system is 5k EUR for Myfxbook users, but in this case you'll be charged 50% of Performance Fee (PF) for managing your investments, so you'll be earning around 2,5 ROI a month.

Lower investment don't even cover expenses for managing client' investments.

Another option, you are investing as regular client 10k minimum, so you'll be charged 30% of PF and get in average 3,5% of monthly ROI according to the historical results since 2015.

And regarding regulation, found here a good article.

Hope it may be useful to those traders, who think that they are safe with regulated broker.

'There have been several recent posts with either the thread's OP or other readers falsely assuming that a company mentioning that they are 'registered', 'regulated', et. al. by St Vincent and the Grenadines Financial Services Authority (SVG FSA or SVGFSA) implies some regulatory safeguards. So this article is to explain quite bluntly that SVG FSA has not and currently does not provide any regulation for forex, binary options, or crypto-currency service providers. This includes brokers, signal providers, and technology providers.

Just because there is no regulation, does not necessarily prevent a company from offering those services. It depends on the region. It just means that if there is no no regulatory oversight, then there is no recourse via that region's regulatory authority should a transaction turn out to have adverse outcome. So basically it is no different than having a private agreement between you and the company. If you are ok with that, then caveat emptor my dear reader.

My understanding of financial markets (particularly off-exchange markets) is that most regions do have some regulatory oversight. This can include:
mandatory registration into a regulatory database,
minimum capital requirements,
post trade statistics reporting,
segregation of client funds from other firm assets,
fiduciary responsibility to honor deposits/withdrawals timely,
electronic surveillance of order flow,
other rules deemed necessary to protect the larger public.

These rules are put in place mainly due to the systemic risk that can spread to the larger society should large losses or loss of confidence occur in certain capital markets.

Another important note. There are other ways that service providers use 'regulation' to try to trick people into thinking their services are more credible. So even the regulated are often fooled as they often only use very basic metrics to judge a broker's performance (spreads, leverage) and overlook other aspects of evaluating a broker's 'true' business model. Those details are for another article. In the mean time, you can read this report on Prime of Prime service evaluation to get a basic idea of how the different brokerage Tiers work.

With that said, I will quote/attach the proof directly from the horses mouth (SVG FSA and the Financial Intelligence Unit--FIU):

[[2019 March 29]...The FSA does not issue any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities.

IBCs incorporated in St. Vincent and the Grenadines are authorized to engage in any business activity without approval from the FSA, except where the proposed business activity relates to banking, insurance or mutual fund businesses. Banking, insurance and mutual fund businesses are licensed activities. FOREX or Brokers Trading licenses are not issued by any authority in St. Vincent and the Grenadines....
[2019 June 15]...The Authorities in St. Vincent and the Grenadines are aware of the recent growing international trend of Forex Trading and Cryptocurrency. It is advised however, that there is no regulation in place for Foreign Exchange (Forex) Trading and Cryptocurrency offerings in St. Vincent and the Grenadines. Furthermore, no Forex Trading or Cryptocurrency licenses are issued in St. Vincent and the Grenadines. These are speculative investments with considerable risks to the investor.

Members of the public are urged to exercise caution before engaging in any Forex Trading activities or accepting Cryptocurrency offerings....'


Please, use this link to read the original article https://www.forexpeacearmy.com/community/threads/regulators-svg-fsa-does-not-regulate-fx-binary-options-or-cryptocurrencies.63298/

Martin_King posted:
And regarding regulation, found here a good article.

Hope it may be useful to those traders, who think that they are safe with regulated broker.

'There have been several recent posts with either the thread's OP or other readers falsely assuming that a company mentioning that they are 'registered', 'regulated', et. al. by St Vincent and the Grenadines Financial Services Authority (SVG FSA or SVGFSA) implies some regulatory safeguards. So this article is to explain quite bluntly that SVG FSA has not and currently does not provide any regulation for forex, binary options, or crypto-currency service providers. This includes brokers, signal providers, and technology providers.

Just because there is no regulation, does not necessarily prevent a company from offering those services. It depends on the region. It just means that if there is no no regulatory oversight, then there is no recourse via that region's regulatory authority should a transaction turn out to have adverse outcome. So basically it is no different than having a private agreement between you and the company. If you are ok with that, then caveat emptor my dear reader.

My understanding of financial markets (particularly off-exchange markets) is that most regions do have some regulatory oversight. This can include:
mandatory registration into a regulatory database,
minimum capital requirements,
post trade statistics reporting,
segregation of client funds from other firm assets,
fiduciary responsibility to honor deposits/withdrawals timely,
electronic surveillance of order flow,
other rules deemed necessary to protect the larger public.

These rules are put in place mainly due to the systemic risk that can spread to the larger society should large losses or loss of confidence occur in certain capital markets.

Another important note. There are other ways that service providers use 'regulation' to try to trick people into thinking their services are more credible. So even the regulated are often fooled as they often only use very basic metrics to judge a broker's performance (spreads, leverage) and overlook other aspects of evaluating a broker's 'true' business model. Those details are for another article. In the mean time, you can read this report on Prime of Prime service evaluation to get a basic idea of how the different brokerage Tiers work.

With that said, I will quote/attach the proof directly from the horses mouth (SVG FSA and the Financial Intelligence Unit--FIU):

[[2019 March 29]...The FSA does not issue any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities.

IBCs incorporated in St. Vincent and the Grenadines are authorized to engage in any business activity without approval from the FSA, except where the proposed business activity relates to banking, insurance or mutual fund businesses. Banking, insurance and mutual fund businesses are licensed activities. FOREX or Brokers Trading licenses are not issued by any authority in St. Vincent and the Grenadines....
[2019 June 15]...The Authorities in St. Vincent and the Grenadines are aware of the recent growing international trend of Forex Trading and Cryptocurrency. It is advised however, that there is no regulation in place for Foreign Exchange (Forex) Trading and Cryptocurrency offerings in St. Vincent and the Grenadines. Furthermore, no Forex Trading or Cryptocurrency licenses are issued in St. Vincent and the Grenadines. These are speculative investments with considerable risks to the investor.

Members of the public are urged to exercise caution before engaging in any Forex Trading activities or accepting Cryptocurrency offerings....'


Please, use this link to read the original article https://www.forexpeacearmy.com/community/threads/regulators-svg-fsa-does-not-regulate-fx-binary-options-or-cryptocurrencies.63298/

Hi,

Just read this article but didn't found an answer for the question I have.

Does the regulation means that the government will compensate my money, deposited to regulated broker, if it don't allow to withdraw it? Or how it works in general?

tilenmlakar posted:
Hi,

Just read this article but didn't found an answer for the question I have.

Does the regulation means that the government will compensate my money, deposited to regulated broker, if it don't allow to withdraw it? Or how it works in general?

The article just says that your funds on Grinta Invest are not safe. This broker has no insurance and is not regulated, because it's registration is on St. Vincent & The Grenadines (their FSA regulator doesn't regulate ICB's like Grinta).

Quotation from the broker's page:

Risk Disclaimer
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD's) is highly speculative, carries a high level of risk and may not be suitable for all investors. Before undertaking any such transactions you should ensure that you fully understand the risks involved and seek independent advice if necessary. Any opinions, news, research, analysis, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. Restricted Regions: Grinta Invest does not provide services for citizens of certain regions, such as The United States, France, Lithuania, North Korea, Iran, Myanmar, Cuba, Sudan and Syria. Your actual trading may result in losses as no trading system is guaranteed. We recommend you seek independent investment advice, regarding trading with financial instruments. Past performance is not an indicator of future performance. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions. Please read carefully our terms and conditions and privacy policy before conducting any trades. The website is operated by GRINTA - INVEST LIMITED, address: Trust Company, Ajeltake Road, Ajeltake Island Majuro MH96960 Marshall Islands and [b]operated by Grinta-Invest Ltd a company incorporated under the laws of Saint Vincent and the Grenadines, with registered number 25498 BC 2019, with the registered address situated at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, St. Vincent and the Grenadines.[/b]

marco_mmbiz posted:

tilenmlakar posted:
Hi,

Just read this article but didn't found an answer for the question I have.

Does the regulation means that the government will compensate my money, deposited to regulated broker, if it don't allow to withdraw it? Or how it works in general?

The article just says that your funds on Grinta Invest are not safe. This broker has no insurance and is not regulated, because it's registration is on St. Vincent & The Grenadines (their FSA regulator doesn't regulate ICB's like Grinta).

Quotation from the broker's page:

Risk Disclaimer
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD's) is highly speculative, carries a high level of risk and may not be suitable for all investors. Before undertaking any such transactions you should ensure that you fully understand the risks involved and seek independent advice if necessary. Any opinions, news, research, analysis, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. Restricted Regions: Grinta Invest does not provide services for citizens of certain regions, such as The United States, France, Lithuania, North Korea, Iran, Myanmar, Cuba, Sudan and Syria. Your actual trading may result in losses as no trading system is guaranteed. We recommend you seek independent investment advice, regarding trading with financial instruments. Past performance is not an indicator of future performance. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions. Please read carefully our terms and conditions and privacy policy before conducting any trades. The website is operated by GRINTA - INVEST LIMITED, address: Trust Company, Ajeltake Road, Ajeltake Island Majuro MH96960 Marshall Islands and [b]operated by Grinta-Invest Ltd a company incorporated under the laws of Saint Vincent and the Grenadines, with registered number 25498 BC 2019, with the registered address situated at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, St. Vincent and the Grenadines.[/b]

So its possible to deposit money and never see it again?

Ignazfx posted:
So its possible to deposit money and never see it again?

Yes, it's very possible... although some people might still get some profit, there might also be some people who'll never see a penny again (you know, like a pyramid-scheme).
You'd only test things like this one here if you could afford to lose 10k or more (like when you'd be a millionaire and you could test such brokers/traders just for fun). Otherwise you'd always stay away from unregulated brokers without any regulation in your area.😉

tilenmlakar posted:

Martin_King posted:
And regarding regulation, found here a good article.

Hope it may be useful to those traders, who think that they are safe with regulated broker.

'There have been several recent posts with either the thread's OP or other readers falsely assuming that a company mentioning that they are 'registered', 'regulated', et. al. by St Vincent and the Grenadines Financial Services Authority (SVG FSA or SVGFSA) implies some regulatory safeguards. So this article is to explain quite bluntly that SVG FSA has not and currently does not provide any regulation for forex, binary options, or crypto-currency service providers. This includes brokers, signal providers, and technology providers.

Just because there is no regulation, does not necessarily prevent a company from offering those services. It depends on the region. It just means that if there is no no regulatory oversight, then there is no recourse via that region's regulatory authority should a transaction turn out to have adverse outcome. So basically it is no different than having a private agreement between you and the company. If you are ok with that, then caveat emptor my dear reader.

My understanding of financial markets (particularly off-exchange markets) is that most regions do have some regulatory oversight. This can include:
mandatory registration into a regulatory database,
minimum capital requirements,
post trade statistics reporting,
segregation of client funds from other firm assets,
fiduciary responsibility to honor deposits/withdrawals timely,
electronic surveillance of order flow,
other rules deemed necessary to protect the larger public.

These rules are put in place mainly due to the systemic risk that can spread to the larger society should large losses or loss of confidence occur in certain capital markets.

Another important note. There are other ways that service providers use 'regulation' to try to trick people into thinking their services are more credible. So even the regulated are often fooled as they often only use very basic metrics to judge a broker's performance (spreads, leverage) and overlook other aspects of evaluating a broker's 'true' business model. Those details are for another article. In the mean time, you can read this report on Prime of Prime service evaluation to get a basic idea of how the different brokerage Tiers work.

With that said, I will quote/attach the proof directly from the horses mouth (SVG FSA and the Financial Intelligence Unit--FIU):

[[2019 March 29]...The FSA does not issue any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities.

IBCs incorporated in St. Vincent and the Grenadines are authorized to engage in any business activity without approval from the FSA, except where the proposed business activity relates to banking, insurance or mutual fund businesses. Banking, insurance and mutual fund businesses are licensed activities. FOREX or Brokers Trading licenses are not issued by any authority in St. Vincent and the Grenadines....
[2019 June 15]...The Authorities in St. Vincent and the Grenadines are aware of the recent growing international trend of Forex Trading and Cryptocurrency. It is advised however, that there is no regulation in place for Foreign Exchange (Forex) Trading and Cryptocurrency offerings in St. Vincent and the Grenadines. Furthermore, no Forex Trading or Cryptocurrency licenses are issued in St. Vincent and the Grenadines. These are speculative investments with considerable risks to the investor.

Members of the public are urged to exercise caution before engaging in any Forex Trading activities or accepting Cryptocurrency offerings....'


Please, use this link to read the original article https://www.forexpeacearmy.com/community/threads/regulators-svg-fsa-does-not-regulate-fx-binary-options-or-cryptocurrencies.63298/

Hi,

Just read this article but didn't found an answer for the question I have.

Does the regulation means that the government will compensate my money, deposited to regulated broker, if it don't allow to withdraw it? Or how it works in general?

Hi to all,

just want to clarify a little what regulation means.

Lets take FCA regulation as an example.

The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the UK.

The FCA, as any other regulator, DO NOT INVESTIGATE INDIVIDUAL COMPLAINTS, but the financial firms they regulate must have a procedure in place for resolving disputes with their customers. These firms must also respond to you within set deadlines.

So, if the client is unhappy with a financial product or service of the broker regulated by FCA, the FCA recommends the next steps:

Step 1: Contact the firm (broker) directly
Step 2: Make the complaint yourself directly to a firm
Step 3: Contact the Financial Ombudsman Service
Step 4: Take the matter to court

You can use this link to check more about this issue: https://www.fca.org.uk/consumers/how-complain


And regarding compensation from the FCA, the client can be entitled to compensation ONLY IF YOU ARE OWED MONEY BY A FINANCIAL FIRM (IN OUR CASE IT'S A FX BROKER) THAT GOES BUST.

As per the FCA rules, the Financial Services Compensation Scheme (FSCS) WILL NOT PAY compensation to a client when a firm (Broker) is still trading and may have the means to pay any claims made against it.

You can check the following link to the FCA official website to read more about it: https://www.fca.org.uk/consumers/claim-compensation-firm-fails

As you can see here, it's not so easy (and in some cases almost impossible) to get compensation from the FCA if you are unhappy with a financial product or service of the regulated broker.

hello there,

how can i copy your signal ?

all the best

LL

Hi @jewboy

this system is not a regular EA/Robot/Signal as it does arbitrage directly with banks and LPs. That's why it can't be copied.

To learn more, please watch this short video:

Martin_King posted:
Hi @jewboy

this system is not a regular EA/Robot/Signal as it does arbitrage directly with banks and LPs. That's why it can't be copied.

To learn more, please watch this short video:

Hi there,

just watch your video, checked the results and found your system very interesting.

Can you please provide all the details? PM maybe?

Thanks!

Hi there,

just watch your video, checked the results and found your system very interesting.

Can you please provide all the details? PM maybe?

Thanks!

Hi @vosrgen ,

Sent you PM with all the details

Hi to all,

Getting a lot of PMs with the requests how to copy, buy or rent this system. So, want to clarify this here:

This system is not a regular EA/Robot/Signal, which can be connected to mt4, as it's doing arbitrage directly with banks and liquidity providers and reflects the results on mt4 platform.

Arbitrage is a form of trading in which a trader seeks to profit from discrepancies in the prices of identical or related financial instruments. These discrepancies occur when an asset, e.g. EUR/USD – is being differently priced by multiple financial institutions. This means that arbitrage involves buying an asset at one price from the first financial institution and then almost instantly selling it to a different institution to profit from the difference in quotes.

This is what Grinta's arbitrage trading system doing automatically, as it getting feeds directly from banks and LPs via dedicated servers and can open and close trades in a moment.

That's why this system can't be copied and can't be used with other brokers, as it performs separately from trading platforms.

How can i copy ur trades??
I am very interesting

hi, I have PMed you Martin King to guide me how to participage in Grinta-Invest Arbitrage Trading. I watched the video already. thanks

xploitrader posted:
How can i copy ur trades??
I am very interesting

This system can't be copied, as it not regular EA for mt4. You can use it only as a client by opening arbitrage managed account.

For more info, please PM me or email at [email protected].

nestoras posted:
hi, I have PMed you Martin King to guide me how to participage in Grinta-Invest Arbitrage Trading. I watched the video already. thanks

Replied you by PM

Martin_King posted:
Hi to all,

Getting a lot of PMs with the requests how to copy, buy or rent this system. So, want to clarify this here:

This system is not a regular EA/Robot/Signal, which can be connected to mt4, as it's doing arbitrage directly with banks and liquidity providers and reflects the results on mt4 platform.

Arbitrage is a form of trading in which a trader seeks to profit from discrepancies in the prices of identical or related financial instruments. These discrepancies occur when an asset, e.g. EUR/USD – is being differently priced by multiple financial institutions. This means that arbitrage involves buying an asset at one price from the first financial institution and then almost instantly selling it to a different institution to profit from the difference in quotes.

This is what Grinta's arbitrage trading system doing automatically, as it getting feeds directly from banks and LPs via dedicated servers and can open and close trades in a moment.

That's why this system can't be copied and can't be used with other brokers, as it performs separately from trading platforms.

That is pure nonsense.
You can't trade outside MT4 and then place the results to MT4 history.
If you insert trades to mt4 history that were not executed on mt4 you are faking the history and you should have been banned here.

I'm not a technical specialist, but as I know it's impossible to place trading results to MT4 history.
I meant that trades are been performed directly with banks and LPs and are reflected on MT4 accounts of every user connected to the system.