This is my attempt to run an analysis of a company that is operating as a trading fund. I immediately found a couple of issues that were blaring red flags to me, such as their claim to be in the guiness book of world records for having placed 1400+ consecutive trades and they also claimed to have been feature or interviewed on major news/trading portals.
i searched for their domain name “scorpionfx” and i found a post at forexfactory where they commented that they had tried using the signal services of scorpionfx, and that the results were not good, but i did not see any comments where anyone noticed the obvious lies that they were in the guiness book and that they had been featured in several fairly well known news/trading portals.
it is my opinion that i am a bit of a jerk in pulic… i do understand this issue, but it is something that i can not change any more than someone who is mentally retarded can just snap their fingers and not be mentallly retarded any more. I am hardwired as an antisocial, period. this aspect of my personality causes me to see things differently than most of you do.
anyways, here goes my analysis of scorpionfx.com
when i read one of their early wordpress documents, i see that they mention a “mt4 volume indicator”, which is literally impossible to calculate in the forex because it is not a centralized exchange… at best, one can only know the volume at a specific broker or at a specific liquidity provider, assuming that the broker or LP makes this information available to the trader. this document almost seems like it is auto-translated from another language, it contains so many errors.
https://scorpionfx.wordpress.com/2016/04/20/scorpion-fx/
on their homepage ( scorpionfx.com ), they mention that they pulled off more than 1400 sequentially profitable trades, which is not likely true. in fact, they say that they hold a “GUINESS WORLD RECORD”… somehow, i find that to be questionable… i cant find anything about scorpionfx or scorpion on the guiness website.
i would like to see a link to that guiness world record for 1400+ profitable trades… i recognize that they might in fact hold this record, but i would like to see a link to it.
sometimes when people tell lies, they tell lies that are so outrageous that nobody even thinks to question it.
when i read their “performance page”, it has nothing but nonsense on it that only beginner traders would believe, yet they openly claim to manage funds of instituitional investors.
https://scorpionfx.com/trade-performance.html
and here is the clincher, the video that shows the three operators(i assume) of scorpionfx sitting at a desk shuffling papers and shaking hands, lol:
https://scorpionfx.com/Videos/1.mov
do these guys actually expect me to believe that they hold a world record for pulling off 1400+ consecutive profitable trades? oh yeah baby…
also, on their website they claim to have been interviewed on several mainstream news/trading sites, which i seriously doubt.
