BTC USD 86,314.2 Gold USD 4,328.21
Time now: Jun 1, 12:00 AM

Sergey Mayzus - Personal Thread. HOW-TO

so, can we conclude that "brokers", regulated or unregulated, do act against traders..?

due to the operation of "bucket" type, where the broker "have to" buy/sell from/to trader who are trading mini or microlots, and then accumulate the fund to be sent to liquidity provider. when the trader went under, the money belongs to the "broker". so, broker not just making money from spread..

btw sergey, my question about spread remain unasnwered. i notice UWC has very low spread and it is not fixed. I like that.. :-)

thanks for your kind effort to entertain our questions
 
First of all, I'd like to explain what forced me to start this thread. Frankly, I was shocked by the height of cynicism, which came into the Malaysian market with company actcfx.com - such cynicism, arrogance and deceit - I did not expect!

It is clear to understand that the operation of such companies poses a real threat to the market as a whole, as the credibility of the forex market and its participants. And me, as a person, invested a few million euros in the establishment of the company United World Capital, very sad to see how incompetent people scamers and fraudsters - their ill-considered actions of killing the industry.

First of all, I'm going to tell you - how to become a BIG FOREX BROKER, - one of these, which are represented in the Malaysian market and in this forum.

Step one - find somewhere $ 100,000. Nowadays it is not a very large amount, and it is quite easy to get. This amount is enough for us to become a GREAT FINANCIAL INSTITUTION!

Step two - go to www.google.com and search for "BVI Company Formation" or "Seychelles Company Formation" - find thousands of proposals with costs around 1,000 - 1,500 US Dollars. Invent a beautiful name, which gives a high status of our organization, such as "Presidential Investments Corporation". Already great status, is not it? We register the company with one of the registered agent, indicating share capital in the amount of U.S. $ 10,000,000 for example. We wait a week, and get a nice piece of paper that the Presidential Investments Corporation created with authorized share capital of $ 10,000,000.

Step Three - open our company's bank account. We will again go to the www.google.com - searching for "Offshore Bank Account". We find lots of offers and prices from 500 dollars to 1,000 dollars. The same registered agent who created a corporation for us, also can arrange a bank account for us, typically, they offer a such service.

Step Four - invent our company's history, and nice looking brand name, for example - "presidentfx.com - Forex for Presidents!". We register domain, are spending for this $ 10, for example at www.godaddy.com

Step five - make a beautiful web site. If you do not know how to do yourself - go to www.getafreelancer.com - where you can find free lancers, who will be able to make a web site for a small price. It cost about $ 5,000.

Step Six - buy MetaTrader platform - go to www.metaquotes.net and contact the sales department. The price of platform is the subject of negotiations and could cost around U.S. $ 80,000. Install it to the server from one of the web services providers and.... BECOME A BIG BROKER!

So, at this time we have spent 87,000 U.S. dollars. We have additional 13,000 which we will spend for advertising. We will also register our nick name on all the known forums and write posts about this this company, for example like this: "I found a new company - www.presidentfx.com, I want to open an account with them. Anybody worked with them before?" Woo-a-la, we have filed crowd suckers in our mega-company suffered their money.

But crowd suckers recently become very clever, they ask questions - is your company regulated or not?... So, back to the second step, and instead of inventing the name of the company - take one of the names from http://www.nfa.futures.org. HURRAY! We - regulated forex broker, member of the NFA. This is exactly what made the scamers from actcfx.com!

Hi Mr Mayzus,

before you go any further, can you tell us about your scammed activity using of your 1st broker of liteforex until you got your profit to start a UWC? :))
 
Translation for both of you

Even regulated broker also can stop their operation, risk still the same

Not the same. Unregulated can just disappear with your money and noone will be responsible.

Regulated can not disappear and management of the company is responsible for any failure by the law.

Furthermore, EU-regulated brokers are obliged by the law to be members of the Investors Compensation Fund, which insures clients assets from te company failure.
 
Hi Mr Mayzus,

before you go any further, can you tell us about your scammed activity using of your 1st broker of liteforex until you got your profit to start a UWC? :))

My friend! LiteForex did not scammed someone. Yes, It is unregulated, at least it says this clearly to the clients explaining all the risks. LiteForex do not tell that they are super-mega-puper broker with headquarters in United Kingdom offering nano lots while licking-off the idea of LiteForex from a neighbor :) And, LiteForex first developed and offered idea of LiteForex (cent forex for beginners), what you are licked-off and promoting :)

And, at least - we do not hide our faces in the public and do not post anonymously with tons of nicknames from one computer :)

Have you ever been in your London office, or at least - have you ever seen it?

:) :) :)
 
so, can we conclude that "brokers", regulated or unregulated, do act against traders..?

due to the operation of "bucket" type, where the broker "have to" buy/sell from/to trader who are trading mini or microlots, and then accumulate the fund to be sent to liquidity provider. when the trader went under, the money belongs to the "broker". so, broker not just making money from spread..

btw sergey, my question about spread remain unasnwered. i notice UWC has very low spread and it is not fixed. I like that.. :-)

thanks for your kind effort to entertain our questions

Actually, you are doing trade - when you buy, offcourse the seller wants to sell it to you on the better price he used to buy. And you - try to get a bettr price. Is not it?

Yes, the broker is your counterparty and there is a conflict of interest.

When broker have a good spread and a lot of trades executed, his income based on the spread only, this is how this works:

Bring two friends and give them ten nuts. Say them - put both of you your two nuts together and say me - what is the direction of the wind - Nord or South? Who will be right, takes these 4 nuts and gives you one, because of you are broker. Do it again and again asking them questions... Is it important for you, who of them right? Is it important for you - what is direction of the wind? Where is the nuts?

:)

For the spread, can you please ask your question clearly? Do you mean - why one provide fixed spread and why another provides floatable spread? Right?
 

Latest Posts

Live Forex Chart

Currency
Rates
EUR / USD
1.14430
USD / JPY
157.279
GBP / USD
1.33590
USD / CHF
0.82014
USD / CAD
1.40530
EUR / JPY
179.966
AUD / USD
0.71155
Back
Top
Log in Register