Cent account vote results
Cent account Discussion
forex_trader_178891
Member Since Feb 26, 2014
104 posts
Aug 05, 2014 at 00:45
Myfxbbok should identify those cent account and mark it as cent account . ( So now we have demo , real ,cent ) .
Many people get scam by those cent account on myfxbook . ( People open cent account with $100 but on myfxbook show $10,000 .
Than those people start offer signal to followers . At the end the account was wipout completely while the SP collect $100 a month from few hundred people ) .
The other scam is people use cent account to run EA than try to sell EA for investors .
Here is the link from one of sad ending from cent account .
https://www.myfxbook.com/members/profitrobot/profit-empire-robot/737501
For now before the myfxbook fix the problem than investors should beware of cent account .The best way is check the broker first to see if that broker offer cent account .If yes than void it .
Good luck .
Many people get scam by those cent account on myfxbook . ( People open cent account with $100 but on myfxbook show $10,000 .
Than those people start offer signal to followers . At the end the account was wipout completely while the SP collect $100 a month from few hundred people ) .
The other scam is people use cent account to run EA than try to sell EA for investors .
Here is the link from one of sad ending from cent account .
https://www.myfxbook.com/members/profitrobot/profit-empire-robot/737501
For now before the myfxbook fix the problem than investors should beware of cent account .The best way is check the broker first to see if that broker offer cent account .If yes than void it .
Good luck .
Member Since Jul 31, 2009
1449 posts
Aug 05, 2014 at 07:15
Vn, there is no specific way to find out if an account is a cent account or not.
Even if a broker offers a cent account, it reveals nothing regarding a specific account.
If you have any suggestion on how this can be achieved programmatically, you're more than welcome to post it here.
On the same note, I would like to point out that it is not an issue with Myfxbook but with the broker offering such accounts with no way of identifying it. Myfxbook is a 3rd party validation tool and as such, it shows exactly the same data as in the trading account of the user.
Even if a broker offers a cent account, it reveals nothing regarding a specific account.
If you have any suggestion on how this can be achieved programmatically, you're more than welcome to post it here.
On the same note, I would like to point out that it is not an issue with Myfxbook but with the broker offering such accounts with no way of identifying it. Myfxbook is a 3rd party validation tool and as such, it shows exactly the same data as in the trading account of the user.
Aug 08, 2014 at 19:11
MRodrigez posted:Great suggestion!
In this case, the possible way would be if brokers (who offer cent accounts) provide USDc as an account base currency.
And you will see the following under the title of a myfxbook system: Real (USDc)...'
forex_trader_169857
Member Since Dec 31, 2013
170 posts
Aug 20, 2014 at 17:56
(edited Aug 20, 2014 at 17:59)
Staff posted:
Vn, there is no specific way to find out if an account is a cent account or not.
Even if a broker offers a cent account, it reveals nothing regarding a specific account.
If you have any suggestion on how this can be achieved programmatically, you're more than welcome to post it here.
On the same note, I would like to point out that it is not an issue with Myfxbook but with the broker offering such accounts with no way of identifying it. Myfxbook is a 3rd party validation tool and as such, it shows exactly the same data as in the trading account of the user.
That's untrue. Are you of all people unaware that Myfxbook does unequivocally display cent accounts as USC for certain brokers? Here are a couple of examples:
https://www.myfxbook.com/members/bavtrader/alpari-cent/940210
https://www.myfxbook.com/members/Quantumfx/mc-exness-cent-cp1/643439
I'm baffled as to why this capability to identify cent accounts is not extended to the rest of the brokers. For instance, the Profit Empire Robot system uses Roboforex as it's broker. Just as the 2 brokers [Alpari/Exness] I hi-lighted in the link above, Roboforex also has specific servers for it's cent accounts, which are the ProCent and FixCent servers. Myfxbook should be able to identify Roboforex's cent accounts through the servers just as it did with Alpari and Exness' cent servers.
It would be great if Myfxbook could look into this issue of irregularity amongst brokers with cent accounts. As we speak, netizens are being deceived into believing that the cent accounts are regular accounts and scammers are on the rampage with impunity.
Regards..
forex_trader_178891
Member Since Feb 26, 2014
104 posts
Aug 22, 2014 at 15:13
And to make the data more accurate FXbook should either ban cent accounts or not put those account to community .
(Just imagine one person with $10 k cent account it will put in the system as 1 billions $ .That is scary when you see the fxbook community with $20 billion live account .We dont know may be 2/3 of that is cent accounts ??? )
Please ban cent accounts or ban accounts from borkers allow to open cent accounts or not let cent account join the community data )
(Just imagine one person with $10 k cent account it will put in the system as 1 billions $ .That is scary when you see the fxbook community with $20 billion live account .We dont know may be 2/3 of that is cent accounts ??? )
Please ban cent accounts or ban accounts from borkers allow to open cent accounts or not let cent account join the community data )
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Oct 01, 2014 at 04:25
Staff posted:
Vn, there is no specific way to find out if an account is a cent account or not.
Even if a broker offers a cent account, it reveals nothing regarding a specific account.
If you have any suggestion on how this can be achieved programmatically, you're more than welcome to post it here.
On the same note, I would like to point out that it is not an issue with Myfxbook but with the broker offering such accounts with no way of identifying it. Myfxbook is a 3rd party validation tool and as such, it shows exactly the same data as in the trading account of the user.
@Staff Your system automatically checks the Server for authentication of Trading History and while the accounts becomes fully verified, your system knows what Server the account is linked to.
The server Type is exactly what we need to end this debate and your system can already do it.
As you can see in this picture, RoboForex broker has a server ONLY for CENT accounts, it is called ProCent while the standard accounts use the server PRO or ECN .
I believe you can complete this task satisfactory for this community quickly to end this on going debate
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Oct 01, 2014 at 04:29
MyFxTrader posted:
Roboforex also has specific servers for it's cent accounts, which are the ProCent and FixCent servers. Myfxbook should be able to identify Roboforex's cent accounts through the servers just as it did with Alpari and Exness' cent servers.
Regards..
Thank you for sharing this. I had to test it out myself and you are 100% correct that myfxbook does have the resources to complete this task.
If myfxbook can Display the Server NAME, wouldn't that clear up the issue?
Member Since Jul 31, 2009
1449 posts
Oct 01, 2014 at 11:39
Guys, we have implemented a solution based on your suggestions and you can see now the 'Cent' word under the system name however as previously mentioned, this is not a 100% solution and will work only for brokers that indicate the server is a cent server.
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Oct 01, 2014 at 13:40
Your system doesn't seam to work as this is a cent account while roboforex server clearly states Cent in the server name
https://www.myfxbook.com/members/profitrobot/profit-empire-robot/737501
Can you investigate further and make it work correctly.
https://www.myfxbook.com/members/profitrobot/profit-empire-robot/737501
Can you investigate further and make it work correctly.
Member Since Jul 31, 2009
1449 posts
Oct 01, 2014 at 13:49
Thank you for reporting this, our dev team is working on a fix.
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Oct 02, 2014 at 04:35
Can you display the server Name Under the system name along with
Real (USD), RoboForex, Technical, Automated, 1:500 , MetaTrader 4 , ServerName
Real (USD), RoboForex, Technical, Automated, 1:500 , MetaTrader 4 , ServerName
Member Since Jul 31, 2009
1449 posts
Oct 06, 2014 at 10:41
RedRhino posted:
Can you display the server Name Under the system name along with
Real (USD), RoboForex, Technical, Automated, 1:500 , MetaTrader 4 , ServerName
Will forward to the development team.
Apr 04, 2015 at 10:41
I know this is old, but I stumbled upon this subject by chance and i don't understand what's bad about the 'cent' accounts.
I'm new in this forex world, and from my point of view, there is not much of a difference. The profit these people get in their accounts is the same, the only difference is the total ammount of money in the account, so what's the problem?
You are going to check the performance not the quantity of their money.
And if they want to scam people, i don't think they are going to make good trades, if they make good trades they don't need to scam people... i don't see the point.
I'm new in this forex world, and from my point of view, there is not much of a difference. The profit these people get in their accounts is the same, the only difference is the total ammount of money in the account, so what's the problem?
You are going to check the performance not the quantity of their money.
And if they want to scam people, i don't think they are going to make good trades, if they make good trades they don't need to scam people... i don't see the point.
forex_trader_229154
Member Since Jan 29, 2015
87 posts
Jun 26, 2015 at 12:50
I traded on FXTM cent account, instant execution, it is ok as for instant. But for professional trading it is not serious of course.
Aug 14, 2020 at 18:36
Accurate posted:
Hi
I re up this discussion would be very usefull having a flag that can dive by 100 all the results shown by cents account.
would be easier compare Personal Portfolio performance.
Tnx a lot for your help
Was this implemented ?
If not, +1
Member Since Dec 21, 2020
12 posts
Mar 16, 2021 at 05:51
Now that is a thoughtful suggestion! Hope they see it.
