Broker Monster Forex Robot (now SOCIAL TRADER) Обсуждение

this account is falling 😲

This is not a real account which uses the original Broker Monster Forex Robot! Broker Monster Forex Robot is not provided to US people!

Look at real acount here: https://www.myfxbook.com/members/traveltrader/brokermonster-forexrobotcom-real-konto/574879

so as we can see this is a multipairs grid trader, what special about it? unless you are a newby trader everybody knows what will happen to that kind of trading, isn't it?

one thing is clear: If they manage to recover the floating DD + gain me the $199 USD cancellation fee, i'm out
https://www.myfxbook.com/members/cyberryder/broker-monster-forex-robot/660906

I thought they said they dont provide the service to US people? 🙄

deysmacro posted:
I thought they said they dont provide the service to US people? 🙄

strange vendor behaviour, especially if confronted with a loosing system, is quite common. They just have to search their accounts for mine or simply ask for my account number, if they want to check. But it's more easy to show the world you learned nothing about the Internet the past 10 years. I moved to an Igloo now.

I learned that the vendor always give avoidance answer too. Hmm.. sounds like they are desperate now. 😇

deysmacro posted:
I learned that the vendor always give avoidance answer too. Hmm.. sounds like they are desperate now. 😇

nothing wrong with being desperate, i would be too and i'm not aiming at a mud war. Just want to show facts. I withdrawed 500eur profits from the initial 1k, in case of an account crash.

CORRECTION: If it is a client account the high drawdown is the clients fault as 'cyberryder' wrote itself that he withdraw 500 euro from the initial 1k and due to our terms and conditions there is clearly written 'Before any deposit on- or transfer any money from an active account which has open trades the client must inform Broker Monster Forex Robot before the transfers are done. Otherwise the system will maybe miscalculate active or future trades because of the unreported change in account balance. ' So now is clear why this account has so high draw downs when compare with other client accounts! Please be fair at all times! Also again we do not provide the strategy to US citizens. So take a look in the profile from cyberryder! INITIALLY he marked his profile as US based... If you want to check our official real money account please check it here: https://brokermonster-forexrobot.com/

1) First i have to mention that i got blocked by 'Wolle' to post in his thread. There seems not to be much interest to clarify things. If https://www.myfxbook.com/members/Wolle is really a member of the BMFR team, he is not showing the behaviour i would like to see from a vendor where i put my money at. The first thing i got back from 'Wolle' were accusations instead of help:
- my account is not verified, so it's fraud
- i may copy trades from another guy, so it's fraud
- i'm from the US, but they don't sell to US citizens, so it's fraud (of course my myfxbook info displaying my country is faked).
There has been ZERO effort from vendors side to at least check my account, ask for my account number.

2) i sent some questions via mail to the vendor to clarify on the trading risk on my account. As of today i got only very partial responses.

3) I got no satisfying explanation, why the floating DD has been so high on my account, leading me to withdraw profits. The only answer i got was that the trading risk on a 1k account is HIGHER than on bigger accounts.

4) This is related to the minimum lot size of 0.1lot, they said. I got NO explanation why they then suggest an account with 0.1 minimum lot size and a minimum initial deposit of 1k.

5) There has been NO explanation, why trading risk is not fixed, as with all systems i know out there, starting from 1k.

6) There has NEVER been an information about trading risk before or after purchasing. There are no infos about trading risk on vendors website.

7) I got NO satisfying explanation, why there was a 1lot trade out of sudden on my account, resulting in a-52.69% realized DD. Vendor's comment was that this was a result of my unannounced withdrawal and i brought the system into trouble. Still waiting for further clarification, which cases can trigger a 10-time higher lot-size trade, as this is not really logical for me.

8) There has been no response, about the trading systems category: Martingale, Grid,...

9) There has been no response, why and how they hedge trades sometimes

10) There has been no response, if they will further care about my (now very little) account and if the system has any chance to survive with that little balance. I expect not a lot, but with that kind of questions, a vendor should be lightning fast.


At the moment i can only see the usual 'EA - vendor - arrogance', but very few, HONEST help. CARING, you know.

I can only say that i can't recommend this vendor.