2020 FOREX.com Review • Pros, Cons, Fees & More • Benzinga

r/StockMarket - Reddit's front page of the stock market, financial news

Stock market news, Trading, investing, long term, short term traders, daytrading, technical analysis, fundamental analysis and more. We cover it all at stockmarket.
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Two Blokes Trading | Forex Trading Community

What is Two Blokes Trading? Two Blokes Trading is a fun and informative podcast and website for new and experienced home financial traders. It follows us, Tom and Owen, as we learn to trade profitably and consistently. We interview leading traders and trading industry insiders every week on the Podcast to give our listeners the best chance of becoming profitable traders.
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Everything you need to know about forex profit trade broker review

Profit Trade offers a healthy index of available assets. Cryptocurrency Trading is part of the offering, this means that Profit trade Bitcoin ethereum, Litecoin and others are all available for trading.
submitted by profittradereview to u/profittradereview [link] [comments]

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin submitted by Leka213 to CryptocurrencyToday [link] [comments]

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin submitted by ososru to Bitcoin4free [link] [comments]

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin

FAP Turbo Review – Will FAP Turbo Forex Trading Engine Leads You to Massive Riches Or Financial Ruin submitted by Rufflenator to 3bitcoins [link] [comments]

Fap Turbo Review For Starters – How You Can Start Making Money in Forex Trading Today!

Fap Turbo Review For Starters – How You Can Start Making Money in Forex Trading Today! submitted by ososru to Bitcoin4free [link] [comments]

Fap Turbo Review For Starters – How You Can Start Making Money in Forex Trading Today!

Fap Turbo Review For Starters – How You Can Start Making Money in Forex Trading Today! submitted by Rufflenator to 3bitcoins [link] [comments]

03-28 17:55 - 'Forex Trendy / - Truths Of Trading You Should Know - FREE DOWNLOAD / - MEMBER ACCESS / Forex Trendy scans over 30 Forex pairs for strong trends and profitable trading patterns. This is a real traders user review of t...' by /u/Adventurous_Rich removed from /r/Bitcoin within 434-444min

'''
Forex Trendy
Forex Trendy scans over 30 Forex pairs for strong trends and profitable trading patterns. This is a real traders user review of the Forex Trendy scanner and how you can use the signals for better trading.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: Adventurous_Rich
submitted by removalbot to removalbot [link] [comments]

There are three types of the forex the currency pairs: majors, crosses, and exotics. Do you trade cross pairs ? Exotics ? Read our reviews

There are three types of the forex the currency pairs: majors, crosses, and exotics. Do you trade cross pairs ? Exotics ? Read our reviews submitted by FX_Winner to Forex [link] [comments]

Telegram Channels


Posts - Join t.me/db_aum_posts (A catch all channel)
Indices trades - t.me/db_aum_indices
Forex trades - t.me/db_aum_Forex
Options - t.me/db_aum_options
Prop trading / Funding - t.me/db_aum_prop

For enquires / support / chat you can send messages directly to @ db_AUM. 8 hours a day there my assistant Chloe will be there to pick up and respond to any messages. Things you can contact Chloe for;

1 - If you think I owe you anything, contact Chloe. She'll get the details of it and forward it to me to be settled if required (I don't think this is anyone, tbh. But more than happy to review requests).

2 - If you want information on any products/services I launch.

3 - If you spend too much time online and want someone else to know about it. Chloe is patient and paid for her time. If you need a babysitter, hit up Chloe.

Active hours are UK business hours. Messages may go unanswered outside these hours but should be replied to within 12 business hours.
submitted by 2020sbear to u/2020sbear [link] [comments]

Is Regal Core Markets Scam or a legitimate investment?

Hi guys. I hope you’re doing well. I’ve always been a spectator looking at the people who invest in the forex and trade space, and finally, I have decided to be part of the forex market. Hooray! But being a spectator has made me cautious about my investment, and the platforms I will be investing should be well checked for any anomalies or scam. It’s my hard-earned money and I don’t want them to go to dust. Anyway, one of the platforms that I have researched and become interested in is Regal Core Markets. It is a forex brokerage company that allows retail investors in the forex market space.
The investment platform offers MT4 trader, which is one of the best trading platforms in the forex space (just from my research, please correct me if I’m wrong!). The company also explained the strategy and system that they use when you trade and invest with them. Overall, I think it is a good platform, and I don’t think that it is a scam. But of course, I need to check its ratings, reviews, etc., just to make sure that I am investing in a legitimate platform. So, do you guys have any experience with Regal Core Markets? How is it? Can you please share it with me? Thanks!
submitted by TennisFlimsyu to RegalExplainsThings [link] [comments]

Regal Core Markets review: is it a good investment website or not?

Hi guys. So basically, I am a new investor and trader. By the way, I am still confused with how I am going to call myself, I trade and I invest so probably both. I have invested in stocks already but a friend told me that the returns from that investment wouldn’t be as fast as how I expected it to be, that's why I am looking for another platform that can help me get immediate profits. I feel like trading forex is somewhat fast-paced and will help me gain profits faster than when I invest in stocks and other investment assets.
To get back to my question, I was looking at different forex trading platforms and one platform that I saw is Regal Core Markets. Obviously, as any trader will do, I checked the website and see what if there are any bad reviews like if it’s a scam or if it’s ratings are low. I haven’t seen anything bad so far, but I still want to check the experience of other users and how they think of the system of the platform. Do you have any experience with Regal Core Markets? If yes, can you provide a review here and let me know if it's a good investment or not. Thanks!
submitted by TennisFlimsyu to RegalExplainsThings [link] [comments]

Looking for Alpha Roc Review: Is cryptocurrency a real currency?

Hello guys! I’m looking for new investment opportunities and found this investment platform called Alpha Roc. From the website, I read that it’s an arbitrage platform that maximizes crypto returns. You see, I am familiar with forex trade, but not with cryptocurrency. I am not familiar with its strategies or anything that relates with this new currency. Is it a real one? I need to know because I am planning to invest in this website. I also did some research and found out that cryptocurrency has been around for quite some time now. I am quite confused as I haven’t seen any stores that accept cryptocurrency in my area, that’s why I am quite skeptical with this new currency that is being introduced.
Apart from that I am also looking for any review, ratings, etc on Alpha Roc. I really think that it’s a good platform but obviously, I’m just new and not really sure about these things. I want to know if it’s a scam or if it’s a profitable platform. Is the system that it uses a really good one for trade and investment or is it not? Should I purchase investments on this platform or not? Looking forward to your comments!
submitted by leddicon to u/leddicon [link] [comments]

I feel unaccomplished.

A little update: I've immediately and carefully decided to continue pursuing my career in aviation and out of nowhere, within 2 freakin days I already have an ojt, and I also decided to continue learning about forex market for an extra income. Thank you so much to everyone who gave me insights and advice!! It really helped me think more outside of the box and consider things that I haven't considered before!! Keep safe to all!
I am 22F, still don't have any first job and it kills me. So here's bit of my timetable: graduated march last year and spend months after reviewing for my board exam. Nov 2019, pumasa naman but I haven't planned anything forward from that point, because lowkey hoping my father would grant me his floating promise for me that if I could pass my board exam, pag-aaralin nya ako sa flight school wc is my biggest dream. He said yes..... but the money he had would first be used by my older sister (for her nz show money and stuff) so I was left waiting (but now not hoping). I decided to apply for a job pero jobs in our industry were first given to those with referrals.. or maybe I'm just not qualified enough.. So I end up studying again with a program aligned with my career pero boom covid naman. Bagsak industry. Tried to apply for online jobs pero they don't accept my application because of our slow internet connection na tinatry namin ipa-upgrade pero still waiting for 3months and counting na (is this a valid hardship lol?? :( )
Now I'm studying stock and forex market. I've finished most of the studying but now I can't help but to think of it more as, like, gambling and can't really tell if this could be a valid first real job where I could get income from kasi you would, most likely, also lose money because risks, right? I haven't even started trading real money yet because the funds will come from my father, and this, again, made me feel like I'm a burden (more like palamunin) in this house, like I'm 22?? Shouldn't I be working now..... I can't help but compare myself to my friends who works their asses off and earn 5 digits while here I am eating off of my parents' monies..
I'm really torn because I don't know if I should still hold on to my past industry which, as of the moment, is still trying to regain strength or move on and invest my time more on trading now and try to make it as my main source of income. Hoping for more insights. Thank you so much.
submitted by Niknakzz to phinvest [link] [comments]

Is the forex market illegal? Why do people keep doing it?

I am very curious about the forex market and all that investment things but I am not familiar with it. I want to start trading but I have read some stuff saying that forex trading is illegal. Is it true? Or have I read the wrong thing? I think that these legalities depend on which country you are in. But in general, is trading forex allowed globally? What are the restrictions that come with this type of trading?
Also, there are different forex trading platforms being introduced and it’s quite difficult to pinpoint which one is legitimate and which one is a scam. I’m planning to actually invest in one but I’m not sure which one to choose. I found one called Gainsky, but I wanna make sure that the company is legitimate and doesn’t do illegal stuff (if forex trading is illegal). I checked the system and they offer really competitive strategies that I think are really good. They offer some kind of teams where you join them and follow their strategy? This I’m not sure, but that’s why I'm asking your help guys here. Have you heard of this company? Any reviews you’d like to share? Please help a fella out! Thanks!
submitted by Raqasa_veng to Daytrading [link] [comments]

APIs offered by brokers and data platforms

I’ve been looking for a broker that has an API for index futures and ideally also futures options. I’m looking to use the API to build a customized view of my risk based on balances, positions, and market conditions.
Searching the algotrading sub I found many API-related posts, but then when I actually read them and their comments, I found they’re often lacking in real substance. It turns out many brokers or data services that have APIs don’t actually support index futures and options via the API, and instead they focus on equities, forex, or cypto. So here’s the list of what I’ve found so far. This isn’t a review of these brokers or APIs and note that I have a specific application in mind (index futures and futures options). Perhaps you’re looking for an API for equities, or you just want data and not a broker, in which case there may be a few options. Also, I’m based in the US so I didn’t really look for brokers or platforms outside the US.
If you have experience with these APIs, please chime in with your thoughts. Also, I may have missed some brokers or platforms. If I did or if you see anything that needs correction please let me know.

Platform Notes
ADM Investor Services No API
Ally Invest Does not support futures instruments
Alpaca Only supports US Equities
Alpha Vantage Does not support futures instruments
AMP Broker with a huge number of platforms available including some with APIs
ApexFutures No API
Arcade Trader No API
AvaTrade Does not support futures instruments
Backtrader Not a data feed; otherwise looks cool but also looks like a one-man shop
Cannon Trading Broker with a variety of platforms, some have API access such as TT
Centerpoint No API
Charles Schwab API does not support futures instruments
Cobra No API
Daniels Trading No API
Discount Trading Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Edge Clear Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Eroom Now part of Dashprime. Offer a variety of APIs including CQG, TT, CBOE's Silexx, and others via FIX.
ETNA Trader Only supports equities, options (including multi-legs), ETFs, Mutual Funds (Forex with cryptocurrencies coming soon)
ETrade API seems robust but OAuth authorization needs to be refreshed via login once per 24 hours
Futures Online No API
Gain Capital Futures API available, based on .NET; unsure if they are open to retail clients
GFF Brokers Broker with a large number of platforms including some with API access
High Ridge Futures Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
iBroker API available; contact them for more info
IEX Cloud Looks great but does not support futures instruments
Infinity Futures JSON API available; contact them for more info
Interactive Brokers Client Web API looks promising if clunky
Intrinio Supports futures instruments but is expensive
Koyfin No API
Lightspeed C++ API available
marketstack API for equities available. Does not support futures instruments.
Medved Trader Windows app with a streaming API to various data sources and brokers. See comment below about API beta access.
NinjaTrader Does not support futures options
Norgate Data Not a broker; supports futures data for $270/year
Oanda Forex only; API last updated in 2018
Optimus Futures Broker with a large number of available platforms including some with API access
Phillip Capital Broker with a large number of available platforms including some with API access
polygon.io Expensive but looks slick; does not support futures instruments
Quandl API looks solid; $49/monthly for personal use, does not allow distributing or sharing data; not a broker
Quantconnect Does not expose raw data
Quantopian Does not expose raw data
Quantower Software that connects to multiple brokers and data feeds; API to their software via C# interface
Saxo Markets Broker with extensively documented API
Stage 5 Trading API available through Trading Technologies
Straits Financial Broker with several platforms available including some with APIs such as CQG, R
Sweet Futures Broker with a large number of available platforms including some with API access
TastyWorks There's an unofficial Python API
TenQuant.io Does not support futures instruments
ThinkorSwim Does not support futures instruments via the API
Tiingo Free account tier but does not support futures instruments
TradePro Broker with a number of platforms available; unclear if any are available with API access
Tradier Free developer API account for delayed data but does not support futures instruments
TradeStation Nice looking API docs and supports futures instruments; requires opening an account and a minimum balance of $100k and there’s no trial available
TradeFutures4Less Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
TradingTechnologies API looks robust; pricing starts at $700/month
TradingView Does not expose data API
Tradovate Technologies API exists, documentation unknown; need to talk to their account team
Wedbush Futures Broker with several platforms offered, a few of which have API access
WEX .NET/COM only; pricing not disclosed on website
Xignite Pricing not disclosed on website but they do support futures instruments
Yahoo Finance API Available through RapidAPI or via direct access; but it’s discontinued and unreliable
Zaner Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs

Wow, this list grew longer than I originally thought it would be. If you spot a mistake, please let me know and I’ll correct it.
Edit:
- added Lightspeed API - updated Dashprime to indicate some of the APIs available - added Medved Trader to table - added marketstack to table
submitted by theloniusmunch to thewallstreet [link] [comments]

FP Markets Review 2020 - Everything you need

FP Markets is an Australian Center individual in CFDs and forex, set up in 2005. They are compelled by both the Australian Protections and Undertakings Commission (ASIC) and the Cyprus Protections and Trade Commission.

In examining the FP Markets review, we discovered they are one of the most secure forex specialist affiliations you can truly utilize considering their long history and rule by the elevated level controllers on the planet.

Moreover, also similarly as with some other specialist, CFDs are extraordinarily forefront instruments that go with unfathomably high dangers and smart difficulties. Unquestionably, even with FP Markets, consider whether you like them enough before you exchange.
submitted by TopFxBrokersRviw to u/TopFxBrokersRviw [link] [comments]

10 Ways to Make Money Online in South Africa

There are a lot of opportunities online for anyone that wants to make a little extra money. From a part-time hustle to an all-out digital career, there are loads of ways that you can make money with an electronic device, and a connection to the internet.

  1. Paid Surveys - Did you know that thousands of South Africans earn extra income by simply participating in online surveys to help local companies improve their products? Finally, now you have an opportunity to do this as well! You can find a list of the top survey sites for South Africa HERE
  2. Selling Your Photos Online - Selling photos is a wonderful way to make money online if you have an aptitude for photography. Two popular platforms that you can try are Shutterlock and Unsplash. Every platform will have different requirements, but they will all pay you in hard cash. Though the photography market is quite hectic, it’s still a good method of gaining a passive income if you’re persistent and professional. Plus, the opportunity for additional sales is higher when your photos become popular. Many companies need photos of landscapes, and we all know that South Africa has some of the most amazing scenery in the world. In some cases, a smartphone is enough to get started, depending on the stock photo site you choose.
  3. Be a Freelance Content Writer - Freelance writing is a serious online business. The internet enters most areas of our life, and the need for blog articles and various types of content is exploding. There are many kinds of online writing work, and many people need things like product descriptions or simple reviews. Before going further in this direction, you first need to set up a blog or website. This will be an amazing portfolio where you can demonstrate to potential clients or businesses that you can deliver great work. A LinkedIn profile can be created to function as an online portfolio as well. Don’t forget that many writing clients will want to see specialized work, so be sure to consider what area you would like to specialize in. The pay for online writing varies, but with some practice, you should be able to make a decent part-time income.
  4. Sell Unwanted Goods - You can sell your unwanted stuff to people who want it and make your side business a real money maker. There’s plenty of options to use for sales such as Gumtree or Amazon. Don’t forget to do some research and see what assets have recently been sold so you have a target price. If you a business, you can sell other people’s goods as well. Many people don’t have the time or patience to sell goods online, and you can do it for them. If you charge a reasonable percentage of the sales, you can make a solid business out of selling used goods online.
  5. Build a Personal blog/website - Not only can you write for companies to gain income but you’re also able to run your own blog to raise money as well. Set your expectations at a reasonable level because this job requires consistent practice and lots of patience. Bloggers make a profit, often through press coverage, advertising products, and writing sponsored guest posts. You will need to run the blog for a while before you can expect to see any profits, but it is very simple to get started. Check out some of the other ideas on this list for ways to leverage a blog for greater income, like selling drop shipped items.
  6. Legitimate Remote Jobs can Pay Real Money - Many companies are heading to a work-from-home style of business since this type of model helps save money, and eliminates the risk of illnesses. People are completely flexible while working for a company and selecting where they decide to spend their time.CrowdSource, for example, hires remote writers, editors, and other jobs that can be done easily from anywhere. Companies like Fast Chart offer work-from-home options for medical transcriptionists. You can also try seeking opportunities at LiveOps, a call center staff. You might be surprised at how much time and money you save when you work at home. There is no transit, and you can cook for yourself. Think about it!
  7. Become a Dropshipper - Dropshipping is not a strange term, especially when eCommerce is booming. Anyone can be a drop shipper since the work requires low investment at the beginning and also guarantees minimal risk. The system operates by purchasing the stock (goods) from a third party supplier or manufacturer, who then fulfills the customer’s request. You don’t have to shop or handle goods in advance because the product comes directly from the vendors whenever an order is placed by a customer. There are many dropshipping platforms out there, and some are basically free to use. You will need to figure out how to market the goods, which is where a blog or website comes in very handy.
  8. Affiliate Marketing - Affiliate marketing is a popular method of making money online in South Africa and across the world. You can sell into a variety of markets with this business model, and make money almost anywhere. You can generate revenue from product sales. In other words, affiliate marketers will refer readers to a lot of products and get a small cut from them. Once a customereader buys products, you will earn a commission. A widely known approach is to start creating your own blog in a specific niche and to establish a trustworthy community that can purchase your promotions. Unlike dropshipping, you simply get a commission and have no other responsibilities. So easy! Check out SA’s leading affiliate network – https://www.affiliate.co.za/
  9. Online Business with Etsy - Try selling DIY designs and crafts on Etsy if you’re a skilled maker. An Etsy shop is basically free to operate, and you can make real money with the platform. Once your registration is complete, you can start posting photos of your works, and people can purchase your products. There is really no limit to what can be sold on Etsy, but make sure that you are able to send your goods to other countries, as many buyers are likely to be in the EU or North America. A PayPal account is important to have and also a popular payment choice so that customers can pay you quickly. Take nice pictures of the items to help draw purchasers into a sale. Make sure that you have good customer service as well, or you won’t be selling on the platform for very long!
  10. Forex Trading - You might have heard about trading FOREX or Contract For Difference (CFD) trading. The basics of this online money-making are simple. You will choose a currency pair, and bet on the direction of one currency vs. the other. For example, you could speculate that the EURO will appreciate vs. the RAND (or just about any currency). If you are correct, and then sell the contract, you will make profits. While this might sound easy, most people who do this lose money. In addition to currency, most retail FOREX brokers will allow you to trade in other markets, such as commodities, or shares. If you are looking for a reliable income, this probably isn’t right for you. On the other hand, if you don’t mind taking on risks, trading FOREX can be extremely profitable.
submitted by MrPassiveIncome to beermoneysouthafrican [link] [comments]

Olymp Trade Forex reviews

Olymp Trade Forex reviews on Trustpilot. Leave a review if you have the experience to share or just look through the trader's opinions on trading at Forex with Olymp Trade.
https://www.trustpilot.com/review/forex.olymptrade.com
submitted by prisha_mathur to OlympTradePhilippines [link] [comments]

First week of live trading and actually having a plan

Been learning forex trading now for about 2 years just reading and practising on demo, in the past 6 months however I've taken a more data driven approach and now I've just completed my first week of live trading (a small amount, nothing too big, just 200). the plan I guess is to reflect on the trades I've taken every week and use this medium as a way of peer reviewing the things I do.
Took 3 trades this week,
21/10/2020 - EURAUD and EURNZD sell
After identifying these pairs as sells, I viewed the potential sell move that could take place as a broader sell off of the euro rather than individual rising of the AUD or the NZD. For that reason, I decided to split my normal risk per trade amount (2.5%) in half and treat this as one euro sell trade. I closed my trades when they hit the previous days low, however as you can see, price continued moving down for a deeper sell off which is a lilbit depressing to see, knowing I could have made more if I had held, but meh, still bagged 3 times my risk so can't be too sad for the first trades of the first week.
Outcome (In RR):
EURAUD - 2.9
EURNZD -3.35

23/10/2020 - AUDNZD Buy
I was late on my analysis on this trade because I woke up late, however I was still able to fill the limit order after price returned back to my buy zone. The trade looked good going in, however, the moves that I trade on tend to be higher momentum moves, and a few hours into the trade I could tell that there just wasnt any steam, so I moved the stop closer to the entry (but not breakeven, to give it room to breath), anyway, the market moved against me and took me out for 0.5R, saved 50% from the initial risk size so not bad.
Outcome (In RR)
-0.5
From demo trading this strategy, I know that sometimes the trades can run for a long time. I was curious to know how those of you that have long term swing moves manage the risk and lock in profits but also give the trades room to breath, I've been messing around with using donchians as a trailing stop method however Im eager to know of other methods.
p.s lemme know if Im breaking any rules by posting this here, new to reddit and all, also, if there is any interest in it, I can post my reasoning for entering these trades if requested.
p.p.s the screenshots of the trades were moderated out, but I've reposted them on my profile
submitted by Hatchscb to Forex [link] [comments]

Planning to try Gainsky FX Trading, any thoughts, and recommendations?

Hey everyone.
For a shorter version of my concern, you can see the context in the title. But for the longer one, here it is. A little backstory about me, I have been interested in the trading and investment industry for quite some time now and am just waiting for the right moment to come so I can finally give it a try. Because of the current pandemic, I was able to get so much free time and finally able to try trading (crypto, forex, and other assets). Anyway, I was doing some research and wanted to maximize my profits (who wouldn’t, right?). So I tried some platforms already but got interested with this particular one I recently found.
The platform I found is called Gainsky and it offers a forex trading, called Gainsky FX Trading (correct me if I’m wrong). Anyway, I want to purchase and trade in this platform but before I do that I check the ratings and review to see if the platform I will be dealing with is a scam or not. This is where I need your help guys. I want to know if the system that the platform uses is also profitable. If you have any experience or thoughts with Gainsky, please feel free to comment and help a fellow trader out.
Thanks!
submitted by Raqasa_veng to Forex [link] [comments]

UK resident got scammed to send money to an Australian bank account. What I did and what to do next?

Hello, I live in England and this is a long post about how I got scammed, presenting my story and asking for advice. Much appreciated to all who go through all of it and send their ideas.
Also posted in AusLegal here: https://www.reddit.com/AusLegal/comments/iujgpq/uk_resident_got_scammed_to_send_money_to_an/
So I met a person online, and after chatting a bit she started showing me her gold trading profits. At first I didn't care that much, but she kept showing me profits and I said I wish I knew how to trade like that. She puts me in contact with this person, who is supposed to teach me how to trade.
This teacher tells me that I will start with simulated gold trading, and after some time I would move on to real trading. After a couple of days of trading she says I'm ready to trade for real, I say I need more time to do simulated trading. We do another day of simulated trading and she says I'm ready and I should start trading with real money.
Hindsight is 20/20, I can't believe what I was thinking. But I did do some checks on these people, like I aske them for pictures of themselves and I google image searched them. No results, not stock images, so I'm like, okay, a good sign.
I ask the first person to have a phone call to talk, we do. Okay, fair enough.
I ask the first person to send me the link to her design company that she said she owns, and she sends it over. Site is in Chinese but it's filled with a lot of images of homebuilding and some English sentences about home design. I ask her for more photos and it seems okay.
I do the same with the "teacher". Google image search, no stock images, no results. I google the platform she's asking me to open an account on, can't find anything about it saying it's a scam. The reviews for the iphone app are mostly 4-5 stars, with people in the reviews complaining that the previous version of the app was better.
So after all this, on the 11th of September I transfer the minimum needed to start investing, USD 10,000. I do this by using Transferwise, so I transfer the money in UK pounds to Transferwise (I live in the UK), the money is converted by Transferwise to USD and is send to the scammer's account to an Australian bank on Friday evening.
I sleep on it, and next day morning I start panicking, I think my instincts started kicking in, and I do some more research online and I found something similar, not exactly the same scam, but something similar where you meet somebody online, start talking, some people even met with these people, and then they say can teach you or know somebody that can teach you to trade (gold, bitcoin, forex, etc). At that point I really panicked and I realised I got scammed.
I try to reach Transferwise, but since it was Saturday, you could only reach them by email, couldn't even call them.
I call the bank in Australia, I tell them what happened, I was scammed and the scammers account is with them and I give them the details of the bank account and everything. So literally after a few hours of the money leaving Trasnferwise I contacted the receiving bank. They told me they will pass it on to the Financial Crime team and look into it.
I file a report with Action Fraud in the UK, I sent the report number to my bank, to the Australian bank and to Transferwise, but to Transferwise only on Monday when I can contact them again.
I search online for some advice, and everybody thinks the best solution is to keep contacting the receiving bank as they could block the account, or the transaction and it could bounce back to Transferwise so I keep doing that. The receiving bank in Australia tells me to contact Transferwise and have them raise a fraud report and to get in contact with the Australian bank.
After numerouse calls with Transferwise asking them to contact the receiving bank where I was told there's nothing they can do after the money has left Transferwise, I resort to calling the bank in Australia again. By this point I raised a cyber fraud report with the Australian police as well and sent the report number to the Australian bank.
I ask the bank in Australia what is there to do, if they will deny the transfer or do something so that money does not leave the Australian bank account, and they said the Financial Crime team is looking into it, but I could also ask Transferwise to raise a recall request and to contact them, but I say I already did but Transferwise keeps telling me they can't do that. The person from the Australian bank tells me it seems like Transferwise is giving me wrong information.
So I decide to call Transferwise again. I reach out to somebody, and they explain it still cannot be done. I'm almost begging them to do it, but they say it cannot be done. I start searching online of any events with TW and recall requests, and I found something where it said Transferwise doesn't want to do it because there's slim chance of getting the money back so they tell customers it cannot be done.
I call Transferwise again and push and complain that I think they're just telling me they can't do it just to get rid of me and the person I'm talking to this time says it can actually be done and she'll do that request for me, and she apologises for her colleagues telling me the wrong information previously. I call the Australian bank again to let them know that Transferwise said they will do the recall and if there is anything I can do. They tell me best thing is for me to keep talking to Transferwise, as the Australian bank has done everything it can.
Now, Transferwise shows you an estimation in days of how long a transfer will take. I did the transfer on Friday the 11th, and Transferwise estimated that the transfer would be completed by the 16th at 9:30 pm UK time. So doing all this I had some hope that something can happen. Mind you, I called the receiving bank a few hours after the transfer was done by Transferwise, and by their estimate had around 4-5 days until the transfer was complete.
I feel like I wasted precious time because Transferwise was not helpful at all, from the start when I raised the scam with them telling me there's nothing they can do, to the moment I had to make around 5 calls just to get them to do the recall request.
The 16th passes, the transfer appears complete in Transferwise and I get a message from the scammer that the funds have arrived and I can start trading. I didn't block them because I didn't want to freak them out and withdraw the money immediately it hits their account.
I posted my long story here to see if there is something I can do. I had hopes that the Australian bank would block the withdrawal and it would bounce back, or they would block the scammer's account and my money would not be withdrawn and the recall would go through. I also have some hopes that based on what the scammer said today, the money is still in the Australian bank account.
I feel like I acted pretty promptly after I realised I got scammed. Contacted the receiving bank, my bank, Transferwise and the authorities both in the UK and Australia.
I don't know what else I could have done to get a more positive outcome, but now I'm asking you, the people of this subreddit, is there anything else I can do? Is there a chance the money is still in the scammer's account and the Australian bank has blocked it?
Do you guys think Transferwise didn't treat me properly by dismissing me off the bat, and only helping me with the recall request after around 10 calls and pushing?
Any advice would be much appreciated. I know I was foolish, I should have trusted my instincts, but I feel I also took some verification steps that I knew from the internet and I contacted every instituion asap after I realised I was scammed, so a few hours after sending the money.
TL;DR I got scammed into sending money to an Australian bank account from the UK. What can I do now?
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