Reza's Newest Scam, revealed!

In light of the FCA news and #RezaMokhtarian's video, everyone needs to chill. He's brewing another scam to cause fear/panic for gullible kids into joining #Kaizen and registering them under his "umbrella" account scheme..and I'm going to explain why everything he said is complete BS. First, the FCA is a UK based regulator, out of many others. They are the overseer for brokerages listed under them. Sure, they may choke the leverage to 25:1, but that ONLY applies to any brokerages listed under them..NOT A SERIES OF EVENTS THAT OTHER REGULATORS WILL FOLLOW SUIT! This is one of Reza's BS lie to cause panic/fear for people to sign up under his umbrella scam! If the FCA does choke leverage, it doesn't mean traders need $50k to trade with a broker listed under them. You can trade a $1k account on 25:1 leverage just fine. In the video, Reza said brokers will lose money and many will shut their doors to small account traders. Another lie. Brokers know 90% of traders lose in this industry. They make their money through deposits and commissions. They sure as hell won't close their doors to small account traders, since they make the bulk of their profits from these account types. Wanna know how to avoid brokers listed under FCA, if this worries you? Simply move on to another broker, lol. Reza makes an ambigious blanket statement to include all brokers and that all traders will be affected. Quite the contrary! When the CFTC changed the leverage rules to 50:1 for all US brokerages, which included the FIFO rule (no hedge), what happened?? MORE DOORS WERE OPENED FOR TRADERS!! Most of the US based brokerages moved offshore to dodge the CFTC leverage change! Brokers learned they can't make much money on that leverage choke, since traders lose money faster on higher leverage, hence the move offshore! Reza is a master manipulator, a chronic liar, and a sociopath. He's the Jim Jones of Forex: "OceanSpray". We all know what happened in Jonestown in 1978, right? Thousands of people have comitted financial suicide since joining this notorious online scammer and his fraudulent company, Kaizen/Mentortips. And it continues. A new scam is on the horizon. His video sounds convincing to novice level traders, but misleading and "enticing", because he has an agenda. He explained that all his students are in good hands when all will be registered to his "umbrella account" with an Australian brokerage.The idea of his scheme is to cause enough fear and panic to get others to feel or think the way he wants them to feel or think...to get people to think forex trading will not be available to small time traders in the near future. He wants people to feel dependant on him. Once that happens, critical thinking goes out the window. These types of people will fall victim right into his trap. His "umbrella" account idea is nothing new. Basically, it's a MAM type account, to get everyone hooked up to his "commission based" trading account; whether his trades are good or bad, he gets paid. In addition, the MAM will likely be backed by an IB broker account type so that he also earns a pct. amount per lots. For example, if he entered 1.00 standard on a trade, and has 3000 people under his management (or any type account, for that matter); assuming he gets 5% per standard lot trade with only one client (approx. $8), that's $24,000 ($8 x 3000 members) on one trade alone!!! Do you see the manipulation?? We'll know if his "umbrella" account management will be worthy enough when we see the Kaizen portfolio results unfold in the next few weeks. In my previous post, I shared the link to Kaizen's auto trader I've created. **BTW, Reza..go clip those funky ass feces contaminated fingernails!😷😷 News Source: http://www.financemagnates.com/forex/brokers/breaking-fca-ban-bonuses-proposes-150-leverage-cap/

Comments

1. Wow. Raving loon.
2. As I've said, only brokers listed under the FCA regulators will be affected. Notice, there are hundreds of other brokers, including Trader's Way, Fx Choice, and Fx Glory, who are NOT affected because they aren't regulated by the FCA. So, absolutely NO reason to panic!
   What this means: Like I said, the FCA is a regulator in the UK. Out of all these brokers listed, they still have the option to withdraw from the FCA.
   
   For brokers listed under "FCA UK regulated brokers (Authorised)", this means they previously signed up to be listed or are required by law (usually because their offices are in the same region with the FCA in order to protect UK investors), but they still have the option to withdraw and move elsewhere outside FCA control. The reason brokers outside the region are listed under FCA, such as FXCM, a US based brokerage with offices in the UK, is because a broker with more regulators are theoretically more secure, and heavily scrutinized. Most investors want brokerages that aren't "risky" just to take people's money by fraudulent means, such as the Capital Trust Markets brokerage [cough cough Reza cough]. Furthermore, investors with accounts under FCA regulated brokerages have the freedom of choice to complain and file fraud claims to get their money back. Less regulators only mean more risk for you, as a trader. Personally, this doesn't concern me one bit. I have 12 live accounts with various brokers for that reason!
   
   For brokers listed under, "FCA UK registered brokers (EEA Authorised)", this just means brokers listed are "limited" to FCA scrutiny but gives them a "passport" to have investors within the UK region.
   What's going to happen: simply put, 70% of brokerages listed under FCA will break off and do business elsewhere.
   
   Source: https://www.100forexbrokers.com/fsa-regulated-brokers