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CherryZiver

Scam with MT4 Real Server

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I'd like to know what the function's purpose is in terms of software. Why would a broker need to open trades at a price that differs from the market price?

It is obvious that the function can be used for fraud, but considering the negative publicity it can cause, there should be no benefit to Metaquotes from it. It should be noted, however, that this should not affect regular manual or ea traders, as I see this primarily being used to solicit investors for some managed accounts fraud scheme. I recall one instance a few years ago where this was most likely used. Given this, I find it very concerning that Metaquotes has yet to close the loophole. One might also wonder why they support fraud in the MQL5 market.

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We've always known that myfxbook's top performers use unregulated offshore brokers to dupe investors into their PAMM or sell worthless EAs.

However, I was never aware of how to do so - until now.

I'm not aware of any Oanda, FXPro, or FXCM Live accounts being ranked highly on myfxbook.

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4 minutes ago, B4Cosplay said:

We've always known that myfxbook's top performers use unregulated offshore brokers to dupe investors into their PAMM or sell worthless EAs.

However, I was never aware of how to do so - until now.

I'm not aware of any Oanda, FXPro, or FXCM Live accounts being ranked highly on myfxbook.

There have been no scammers on that page thus far. I believe that in order to advertise on FH, brokers must be at least large or medium in size. Therefore, if you come across any brokers who are not listed here, they are most likely scams or unregulated. I mean, I have no idea why anyone would choose the unregulated ones. There are already a plethora of reputable brokers listed on that page.

All the other shady borkers offered no better spread or services than these large ones. I understand if you have never heard of FinanceHeaven, but if you are already familiar with this site, it would be extremely foolish to continue with the scammy ones.

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Hello there,

I had issues with my MT4 platform, so I uninstalled it.

I can't seem to find the MT4 program anywhere. I'm constantly being redirected to the MT5 App.

So, could anyone please assist me in locating an MT4 platform that is not provided by a broker, as every site I visit results in an MT5 App?

In my opinion, the MT5 has a long way to go before it can outperform the MT4.

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The names of the Brokers who pay them are included in FH. I've seen the names of a lot of shady brokers on the FH site.

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