Too Good To be True ?!
I have invested in Forex MAM & PAMM, and I have got around 70% return a year.
Sounds too good to be true, right?!
Yea ~ Me too. I had the same thought when I heard about this platform a few years ago. One of my clients introduced it to me, and I dare not invest as plenty of scammers used Forex platforms to cheat people. Moreover, around the same time, we have the infamous FX United, IGO FX and JJPTR, etc. I could not convince myself to take the risk, as it might just be another Money Game.
In the year 2019, another two clients introduced it to me once again. One of them has been investing for 4-5 years, and continue to profit from the investment until now. The other client invested with a small amount, and keep reinvesting the profit ever since he invested in their funds. And in the year 2019 onward he started to withdraw his 5 figure profit every five weeks. When I tried to recruit one of my bankers to join me as a business partner, he introduced me to a friend who is one of the Introducing Brokers (IB) of this platform. I started to invest in this platform right after his presentation.
I admit that I was a bit irrational when I decided to invest. Ever since I invested in this platform, the fear followed me. Therefore, I kept looking for news or information about this investment platform. At the same time, I also threw a lot of questions to my IB.
The answer that I found out quite surprised me. There are a few facts that supported me to continue to invest with their traders.
1. The platform steady boh? I asked myself this question, and my wife also asked me the same. Well, I don’t have the answer. However, the platform has founded since 2010, and the fund that makes known to the market is GM Trader which started since 2013. That was the 9th year when I invested, and the GM Trader was 6 years old when I invested. So far, I had never heard of any Money Game in the Forex world which can last more than 2 years.
2. Never heard of any serious complaint about this platform in the social media or Zhang Tian Ci (MCA) office. It simply means that all the investors can withdraw their money freely.
3. The risk management of the fund is satisfactory. In the fund descriptions, it is stated that the cut lost is controlled within 5%. However, the trade record showed that they always cut lost within 0.1 ~0.5%. Besides, the max amount per trade is relatively small compared to the fund size.
4. There is an interesting fact that I found out during my journey of truth-seeking. The record in the MT4 account shown that the withdrawal amount is greater than the deposit amount. Let us think about it, if this is a scam, then why don’t they just run away with the money when the company have the fund? If they are a scammer, then they must be a lousy one.
The hater once told me, even if the platform can last long, it doesn’t mean that it is not a Money Game. Mface also lasts more than 6 years. All these Money Game always paint you a beautiful picture before you join. Besides, the record in MT4 can be manipulated...
For this statement, I agreed and disagreed at the same time. We need to look at the whole package that the broker delivers to you. Because about the same period I have also invested in another platform - CGC Asia with an estimated return of 20% per month. However, it only lasts for a couple of months then I am unable to withdraw money anymore. Now I can tell the differences between these two platforms.
There are a few signs for you to identify the Money Game
Promise a high fixed return
Could not provide any track record
When you fund your account, the currency rate is usually a fixed rate.
Impose ridiculous fees when you withdraw your profit; can be as high as 8%.
Withdrawal Difficulties. They will impose a lot of terms and conditions for withdrawal.
The withdrawal process takes more than 10 business days.
In this modern era, we should be able to access the necessary information of a broker via the internet. Unclear regulations and office address are unacceptable. A trustworthy broker will have their addresses on their websites to show that they are regulated and reliable.
You need to understand that forex trading is not without any risk and it will not give you an instant profit. If you plan to invest in Forex, you are advised to control the amount within 5-10% of your total portfolio. Always be wary of new forex scams as the growing popularity of forex trading will only bring new types of scammers to the market. However, keep in mind that not all forex brokers are scammers; there are still legitimate brokers doing business in the market.













