So says this article from the Jamaica Gleaner in December of 2007. As part of the $100 promotion that I Trade FX was offering to Jamaican customers via
Jamaica Forex Broker | Jamaica FOREX | Jamaica Trade FX Online: Go-Trade Jamaica Smith is said to have “created the platform” that customers were using in this promotion, which was in fact I Trade FX’s own platform:
Jamaica Gleaner News - Olint's Smith creates new online forex trading platform - Friday | December 7, 2007
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The i-Trade FX platform is accessible at GoTradeJamaica.com. The company, which is registered in Florida, describes itself as 'a market maker in the forex market.'
Smith created the platform, the Financial Gleaner was advised, to allow Jamaicans to test for themselves how trading is done and to demystify the element of how such lucrative returns are possible.
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The article further states:
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David Smith, principal in foreign exchange trading company Olint Corporation, is offering a platform to Jamaicans wishing to learn how to trade currency online.
Smith has offered to each person signing up to i-Trade FX, "$100 of his own money" to help kick-start live foreign exchange accounts, a press advertisement blared Wednesday.
However, each trader signing on to test their mettle must also put up $300 - essentially creating a margin account - and must sign up by December 31 to get the extra $100.
The would-be traders would be required to do a minimum of 10 'round-turn' trades per $100 deposited to their accounts, the ad said.
A round-turn trade essentially requires the trader to execute both a purchase and a sale transaction, or vice versa.
"Clients who request a withdrawal of all account funds without meeting the aforementioned requirement," the ad said, "may not withdraw the deposit giveaway amount."
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The more I read about David Smith the more I see the name of I Trade FX popping up. And the more suspicious it looks for I trade…