All this sounds like too good to be true

HI guys!!!

Today i’m messing around the internet and i found (i can’t post the link…)
On iforex a strange account:

“”""""“
iFOREX offers its traders a variety of accounts tailor made to suit individuals needs.
The Protected Account works as a funded demo account, which allows traders to:
Open a trading account with as little as $100
Your deposit acts as a payment and allows you to trade up to 100 times that payment
Enjoy an attractive spread for a large selection of currency pairs
Make as many trades as you desire, 24 hours a day, using any currency pair
At the end of the two-week period, any positive balance is yours to keep
If there is a negative balance, iFOREX will have it covered.
”""""

when in forex things sounds too good to be true i’m a little scared…
No holy grails or bull**** like that here but…

I don’t think is possible that they cover all your losses is just…too good i mean…

100Bucks and we will pay all your losses and in case of profit all is yours.

Dunno like i said is just… too damn good.

What guys do you think??

IMO just one word SCAM.

Ponzi scheme is the idea that occurred to me. Granted they won’t have to pay out very often as it is almost as hard to make money in Demo as in real money. When they do have to pay, they will use the money deposited by others until they run out of money and have to close down. Your chances of getting the $100 back are slim.

Here is another related discussion from a while back.

http://forums.babypips.com/newbie-island/35275-get-paid-demo-trading-2.html

Romania, a very trustworthy country…

Hah.

yet another joke.

You mean a leverage of 1:100?

What i mean is perfectly clear…
is not only simple 1:100 leverage read the post…

Sorry If I did not get you. You mean you deposit 100 and get a balance of 10,000 before you now apply the chosen leverage? Have anyone tried it out?

I’ll explain better:
thay say that you deposit 100bucks as insurance.
You trade with a 100:1 leverage if you get losses they’ll cover all.
If you have profit you’ll take your profit all this in 2 weeks.

It’s clear you’re just advertising for the company. But I’ll humor you if you’re just another joe that honestly cares.

It’s $100. Go for it.

Humor about what?
I’m not addvertising anything they say that the company is from Romania, i’m a newbie forex trader and i’m from italy.
I’m just asking here what the hell is going on with this forex account because i want to open a good account, as many other peoples here, because i can’t understand why in the demo account of metatrader i have 30 pips average on all currency.

It’s clear that people here screams “advertiser, alarm, advertiser!”, too fast without check the posts, the activity, the whole life of the person they’re talking about.

So, mr superman
next time INVESTIGATE a bit after not before having pointed the finger at someone,
because is so disgusting…

When you think its too good to be true, it usually is.