New Forex Scam in the UK uncovered

New Forex Scam in the UK uncovered.

I have documented as much as possible here and I have notified IC Markets and the FCA https://forexcrypt.com/new-uk-forex-scam-uncovered/

-I trade forex every weekday full time - its my job - I am well known in Forex circles and I have taken plenty of forex scams/scammers down.
-Before christmas we had the Gurvin Singh scam pumped up by the Plymouth Herald and the SWNS agency in the UK - I had his ‘promotional’ videos taken down.
-We see these gurus pumped up as paid for PR in local press which then ends up in the national press - the Gurvin Singh scam is now estimated at $4 million total loss for victims. It is big business.

-99.999% of people in retail forex lose. The only people making money in forex are the brokers/market makers/publishers/advertisers/gurus etc. Some of them are pushing huge numbers - Hopefully this doesn’t entice more to do it - in any case I and others will call you out if you do.

-I believe afcafc to be Jack Harwood ProphetFX (Prophet Enterprise Ltd).
-He will be getting large kickbacks per new sign up into IC Markets - you get $500-$1000 per new customer you introduce. You then get further commissions when the customer trades a round turn - this means the more the new customer trades the more money Jack Harwood makes on top of his $500-$1000 per new customer sign up.

-Underneath ProphetFX (Jack Harwood) uses fake metatrader (mt4) terminal screenshots - all demo accounts to lure people in, they also use fake myfxbook setups - this is a totally abnormal chart.
It will likely be a martingale or grid underneath - the myfxbook chart is totally wrong in any case. The tabs you really need to see are hidden.
-Last year it was uncovered you could rent Metaquotes4 Metatrader MT4 broker space - so you could create any BS results you want via dodgy white labels that setup and pretend they are brokers - this is how the majority of these “educators” get away with these BS results reeling people in. Bottom line anything to do with Metaquotes4 Metatrader MT4 can be gamed. DTube
Metaquotes had this video removed from Youtube - it shows the scam that is MT4 accounts.

-Note he is trying to sucker people in on telegram? All untraceable chats - nothing through official company emails.
-Note his website is just a page without an SSL? http://prophetfx.com/
-ProphetFX (Jack Harwood) doesn’t use a company name, he is operating on ‘make money online forums’ this same thread appears on https://www.themoneyshed.co.uk/index.php?threads/best-investment-ever-prophet-trading-automated-money.11068 - sucking people he knows are looking to make money. He is selling get rich quick dreams - of course its all BS.

-He is even telling victims he is authorised and regulated by the UK FCA - this is all lies. ProphetFX (Jack Harwood) isn’t.
-Further, he is trying to cover this fact by quoting the broker, IC Markets is authorised & regulated by the UK FCA - IC Markets are not. In any event it is irrelevant what IC Markets are or not, it is ProphetFX (Jack Harwood) that needs to be authorised and regulated - he isn’t and he knows it. I believe afcafc to be Jack Harwood (owner of Prophet Enterprise Ltd) and he has stated they are authorised and regulated which is a lie.

-These people run a scammers playbook - they are masters at twisting people to believe they are multiple characters - in this case afcafc the, ‘hapless guy who has stumbled on some amazing scheme’. - total BS.
-In other forums - particularly forex & crypto forums, they pretend they are gurus - the ■■■■ I have read is unreal - yet people STILL fall for it. Every single time, even with all the red flags there.
-You should see what I read and how people are absolutely blinkered in the face of facts - the allure of getting rich quick does something profoundly deep to human beings brains - it turns them into idiots - believing anything the ‘guru’ says.

-Unfortunately Action Fraud (UK Police) & the Financial Conduct Authority (FCA) are woefully equipped to deal with this/recognise/get on top of it - I uncover one of these a week at the moment - those that encounter these people need to report them.

Jack Harwood - Game over.

6 Likes

Thank you for the heads up.

Thanks for advising us.

load of bollocks from a competitor, used them for a while and they are spot on, 100% trust

1 Like

This is a typical response from a ProphetFX affiliate - this response is a carbon response as they have posted in response to this post on other forums.

Nite lachlan99 just signed up to post this…

ProphetFX are present across forums desperate to sell your their Martingale Expert Advisor driven by Edward Elford.

There are multiple people working for ProphetFX it is a large scam operation - they want you to sign up as they get affiliate commission from broker IC Markets.

ProphetFX have been pulling in hundreds of thousands of pounds scamming people - they are masters at deception. STOP FUNDING THESE CRIMINALS.

I am not a competitor. I trade for a living. Read my website.

How do you fake myfxbook results??

i did sign up just to post that, these guys have no acces to your money when you sign up, i have been with them since november, oviously they make a lot of money but so can their clients, i have made over 5k since being with them, they are very good at handling risk

Oldies but goodies

1 Like

lachlan99 is a prophetfx shill.

Check out the money shed forum and you will see this is carbon copy of what they do across forums & social media & Trustpilot - hundreds of fake reviews created by the prophetfx team.

They are masters of deception tricking newbies into believing they are average punters - they run multiple accounts all pretending they are joe average.

Prophetfx are desperate for you to sign up with them as they earn broker affiliate commission via IC Markets.
They earn hundreds of thousands of pounds from running this scam.

You can read everything about the prophetfx (Prophet Enterprise Limited - Jack Harwood & Edward Elford) scam online.

2 Likes

Trust me it was obvious usually when one of these guys are getting called out a “anonymous” account just sprouts out and starts defending them. They just proved their scummy with this action.

2 Likes

Appreciate that.

1 Like

In the case of the Myfxbook posted by Edward Elford (prophetfx / Prophet enterprise Limited)there are a number of issues with it as I have posted on my website Forexcrypt.

the equity curve is fake and any drawdowns are eaten up by over leveraging (martingale) - Edward Elford has tried to hide the data. The recent 19.4% drawdown on the account is eaten up by a martingale - martingales will always blow up and people have lost thousands with prophetfx

I have set up a martingale and shown people how easy it is to create these pretty myfxbook graphs.

You should get the mods to move this over to the Scams section. It will get better pickup on Google search.

But yea, when money is involved, criminals will go to great lengths to make a buck/keep a buck.

biggest load of bull, their results speak far more truth than you… “forexcrypt” no name, no picture, only posted in this thread, my real name and picture are on here, the prophet team give you their real names… just look at their myfxbook and stop listening to people like this. go on about anonymous accounts all you want when the topic is created by one

3 Likes

lachlan99 is having a cry because he is part of the prophetfx affiliate shill network.
This page is displaying on page 1 of google when you search prophetfx and its hurting their “business” cough, scam.

The prophetfx affiliate shills are everywhere - they run dozens of accounts per person on forums & social media pretending to be new entrants to the market and making massive returns - its all lies off of martingale EA’s.

There are no results - its all martingaled fabricated nonsense. Martingales will always go bang - hence the excuse for when it did go bang at the start of the year - the same excuse was given out by gurvin singh and celestial/auto forex trading.

Its big business - they get huge commissions from the brokers like IC markets on new signup and traded round trips.

this is a bunch of 20 years old criminals that know nothing about trading. They know everything about running martingale EA’s and creating sales funnels and then pretending to be other people online.
Further you will see they lie about being FCA regulated/authorised - this is Fraud.

I keep seeing the same message content being posted by them - i know its a select circle of 20 year old scammers posing as other people.

ProphetFX are running the same scam as celestial/auto forex trading & gurvin singh.

If you look at my website I have shown why the ProphetFX myfxbook is a scam - its a martingale with faked results.

Do not give your money to these criminals.

kicking off here between 2 new accounts…

1 Like

Can I just say we have been with prophet for about 6 months and have had no problem and will continue with them. I think someone has a massive problem with them doing well. I have been named as being affiliated with them on another website. This is completely untrue and if I could answer on said forum I would. I will not be accused of something that I am not. Do not listen to all the bad, make your own decisions and if you feel like giving them a go do it, you can always get your money back out.

Are you the same guy on forex crypt? If so I am appalled that you have named me as being an affiliate. I am not. I am a genuine investor. Speaking on how I have found my experience with them. I have had no trouble with them and have seen my investment grow. Next time I suggest you get your facts right before you start accusing people. There are genuine people out there who are allowed to have their say on their experience, not everyone is underhand.

For any impartial observers ask yourselves how and why blazerlazer magically stumbled upon this thread?
He would have had to have google it.

**But alas, no, Blazerlazer is an affiliate shill for the ProphetFX martingale scam (Prophet Enterprise Limited run by jack Harwood and Edward Elford).

Blazerlazer is part of prophetFX no matter how much he protests - he has created an account to come on here an specifically sell ProphetFX
**

As above, prophetfx have up to a dozen affiliate shills across forums & social media pretending they are newbies or unconnected.

Check out the reviews on Trustpilot - nearly all of them fake.
Check out the reviews on forums like blazerlazer and lachlan99 - all fake.

  • reality is these people (if they are not Edward Elford or Jack Harwood) all work for Jack Harwood who owns Prophet Enterprise.

Jack Harwood is a serial scammer - check his multiple limited companies on companies house - no money has ever passed through any of them. Hes not only a scammer hes a tax dodger.

Check out any prophetfx posts and they state they are FCA authorised & regulated - they are not.

ProphetFX are doing far from well. They are running exactly the same scam as Gurvin Singh and Celestial/Auto Forex Trading - its simply a martingale EA.
Note they all used the same excuse when the EA went bang at the turn of the year? Each of these scammers made up a nonsense excuse on the reason why.

A martingale will ALWAYS go bang.

These are the facts and you only have to google to find this out.

How do you know I am male for a start? Am I not able to google what ever I like? I am not getting into a slanging match with you but you really need to get your facts straight before you start accusing people of things. When I google you it does make me wonder why you need to hide and not put your name out. Surely if you were all above board yourself you wouldn’t need to hide?

I feel you don’t like to see people joining a scheme and actually making some money, have you had some bad luck and a bit of jealousy is creeping in?

You can think what you like about me but you are completely wrong, I am a genuine person who has invested money and am making a small profit. I did my research before I invested and decided I would give prophet a go.

Perhaps you should try it yourself before you make all these assumptions?

I will not be commenting anymore on your posts, all I wanted to do was share my experience but if you believe me to be someone I’m not then that’s up to you.