I would first thank you for the great forum here. Lots of honest people and lots of brokers preying too
I am new to forex world, I am a realestate businessman and recently I have been recommended by a friend to join the forex market. He searched intensively for brokers and recommended to start with $250,000 with a company called CM-trading (cmtrading.com)
He made contact with them and the manager too, they have sent samples of statements of their trading with mostly profits!
They will manage the account and the money stays in my bank while I attach to their master account. My friend says he expect possibly more than 40% per month using leverage. He said this broker can only get profit if we got profit and he cannot make money out of our loss
my question is: Is the company legitimate? is this plan possible or are they cheating us?!
Follow this link Forex Brokers Comparison Click on "You can also Compare Brokers side by side " click on first space down arrow and scroll down to the broker you are interested in, and you will get info about the broker how long they been in business etc etc. Once you get that type your brokers name in your search engine with Reviews following their name, you will get tons of them, not of much value by themselves, but if you get a bunch of traders saying their the best thing since slice bread and nobody has a problem, or vise versa take them with a grain of salt.
If you donât mind a casual observation, I donât think you would use a builder you didnât know because a friend of yours says you should (no matter how much of a friend) The forex works the same way as real estate, if you donât like the paint you can change it, if you donât like the location thatâs a whole other thing. You can also search âhow to select a forex brokerâ and get some more opinions. Right off the bat you will want to choose a regulated broker,who has been around for awhile, just to name a couple of things. Hope that helps
Good Luck
Gp
I would exercise extreme caution! 40% a month is a huge return! Guess what the best hedge funds made in 2012 - around 20%/year⌠it makes you think doesnât it?
