this obviously would be great, i just wonder where there profit comes from? i mean, can they live off the newbies to pay for the profits of the big guys?
The model is too bucket trades from undercapitalized traders who quickly blow out. Anyone who wins for too long is sent packing. You can play lots of games, increased requotes, dropped logins etc. Or you can simply tell them they arent welcome.
you can open 2 accounts with them with 2 differents dsl line ( 2 differents IP) Then take The 2 sides of each trade and wait for a moove to cut the wrong side. Id they change the spread to fight one of your side you will win on the other one
I dont think that is correct, this is the address i see on their webpage: Contact Address Profinum Ltd., 2nd Floor 145-157 St John Street London EC1V 4PY UK Fax: +44 20 77883407
Their website states only the first 15 trades per day are free...the 16 th trade and on there is a 1 pip spread charge (on all the majors)... the minors and crosses have spread charges from 5-10 pips... Aloha.
Deposit Requirements The minimum opening deposit for a Trading Account is US$1000. You can trade 10K mini lot but cannot have at any moment an open position of more than 1mios$ 15 trades a day is enough , My main concern is the safe of the deposit
If any of you make bigger amount of money nothing can stop them to delete your balance You will be lucky to receive your initial deposit back Stop wasting your time I learn that lesson one year ago because it happened to me with another scam forex broker