Trading services

Hi guys. I just need some advice from you seasoned traders. I have a mate of mine who invested $500 in a trading service brokerage in February. His account is now up to a $1000. I have been in regular contact with him and he shows me that this trading brokerage pays him about 1% a day. I first thought it was a ponzi scheme. But now I see it actually does work. What are you gus thoughts on such services. I will appreciate any feedback. Thank you

What is he doing in exchange for being paid 1% a day by his brokerage?

Or are you saying that he is trading and profiting about 1% / day?

Hi. They trade for him. He gets 1% return on his capital. He doesn’t trade at all.

Interesting… Have never heard of that before. Would have to be a pretty trustworthy company before giving them my capital and even then I would be super skeptical. Would be interested to know what the potential upside is (is it capped at 1%?) and whether the downside is capped? Must be some risk as no genuine company would guarantee over 200%/year return with no risk.

Hmm. :thinking: This sounds intriguing. :thinking: But I’m not sure if I can trust it. :open_mouth: Do you have more info on this? Like, what is the company offering this service called? :open_mouth:

Hi. They trade forex with your money. You invest your money with them and the trade a percentage of your invested money and pay you out about 1% at the end of the trading day.

Yeah. :open_mouth: Do you know the name of those offering this service? :open_mouth:

Hi. Sorry I will ne violating the forum rules if I mention the name.

Wow! Assured returns. I don’t know if I can trust.

Whatever you decide to do, please think twice before take any decisions. Because this market is full of scams.

I have joined with $300. Im getting 30% per month. It is working. Not a scam