Incredible Results in their website, but are they true or Forex-Millionaire is just another BIG SCAM?.
Forex-Millionaire gives Forex Signals everyday, and they claims to give "900+ pips per month! You will earn real money with our signals".
Past performance as they claim
| YEAR | Jan | Feb | March | Apr | May | June |
|---|---|---|---|---|---|---|
| 2006 | +1059 | + 70 | +721 | +360 | +740 | +880 |
| 2007 | +841 | +683 | +1153 | +793 | +229 | rest |
| YEAR | July | Aug | Sept | Oct | Now | Dec |
|---|---|---|---|---|---|---|
| 2006 | +1237 | +445 | +1181 | +754 | +1013 | +789 |
| 2007 | - 278 | +348 | +327 | +1229 | +72 |
You can check the datail performance on their website.
ARE THIS RESULTS TRUE?
Well, the answer is NO.
MY REVIEW
The service is very easy to follow, you receive a message via your Yahoo Messenger, with entry price in a Forex Pair, and target and stop prices. This message is sent every morning at around 7am.
Looking at this results the people behind Forex-Millionaire seem to be professionals, and good traders.
I subscribed on May 2007. My first transaction on 1/5/07 Sell GBP/CHF, their results show a profit saying Buy GBP/CHF. Second transaction Sell USD/CAD, I had 21 pips profit, they show 25. Third transaction Sell EUR/USD lost 18 pips, they show a profit of 22 pips. This differences carry on, most of the time they show profits where in reality we have losses.
Total in MAY, losses of -631 pips. At £10 per point that would mean a lost of £6,310
At Forex-Millionaire website they claim to have profits of 229 pips in that month.
In June I receive signals everyday as usual, having losses of -371 pips in total. At £10 per point that would mean a lost of £3,710.
At Forex-Millionaire website they claim to had a rest for that month, trying to fool you in thinking they didn`t send any signal, which is not true.
In July they showed profits of 174 pips in total for the month. At their website they say they have losses of 278 pips. Why?
In August they gave profits again of 132 pips for the month. At the website they show profits of 348 pips.
Can I recommend a service like this? Well, obviously not. When I complain about all the losses and try to get the money back, they said to me they never give money back, and FOREX TRADING is like this, very risky, and they have done their job of giving me SIGNALS.
Forex-Millionaire is not a good service, and definitely
NOT RECOMMENDED
They charge US$99.99 a month for this service.
The man behind this service is Vitaliy Sokur, who lives in Dnepropetrovsk, Ukraine. So no chance of going to their office to complain.
