Does a verified myfxbook trading statistics prove actual trading?

A verified myfxbook trading track record is a trading track record where you will see on the myfxbook trading performance page that the trading track record and trading privilege is both verified with green ticks.

In answer to the question about verified myfxbook trading statistics proving actual trading, the simple answer is yes and no. Yes, if the trading was done in a government licensed, regulated, audited and monitored forex brokerage firm. No, if the forex brokerage firm is not known to be licensed and regulated by the government of its jurisdiction. In our many years of experience in the forex market, we have come across verified myfxbook trading statistics from unlicensed and unregulated forex brokers. This verified myfxbook trading statistics were use to sell fake trading robots, some were use to promote ponzi/schemes as this unlicensed and unregulated forex brokers partnered with the ponzi scheme promoters to provide doctored, manipulated and cooked trading statistics right from the broker's mt4 trading server to investors, thereby deceiving them to invest their funds. Investors were later on scammed of those funds.

We can't blame myfxbook for this, as there are limited to getting the trading statistics from the unlicensed and unregulated forex broker's mt4 server, they have no means of knowing if actual trading took place or not. As an investor, your saving grace is not to rely only on verified trading statistics from myfxbook, but also most importantly see to it that the broker is a popular, well known government licensed, regulated, audited and monitored forex broker. The reason why you should not overlook this most important issue of government licensing and regulated of forex brokers is that this regulated brokers are subjection to periodic auditing and monitoring of their trading activities to ensure that actual trading is taking place, in other to protect traders/investors. This cannot be said about an unlicensed and unregulated forex broker.

You should also be careful of brokers obtaining another business registration and using same to pose as been government licensed and regulated. It is very easy to search/Google about the government regulatory body regulating forex trading in a brokers jurisdiction, and get informed. Don't be fooled by those business registration certificate. Don't allow a ponzi/scam scheme to use a bureaux de change certificate to claim that its forex trading/investment activities are regulated by the government of its jurisdiction. In USA and Canada, another name for bureau de change is, currency exchange, money exchange, foreign currency exchange, etc. There is a very big difference between foreign currency exchange and foreign currency trading done through government licensed and regulated forex brokers where big banks and liquidity providers are executing trades in the interbank foreign exchange market.

There is a big difference between a ponzi/scam scheme using a bureaux de change/money service business registration certificate as it is called in USA and Canada to present as being licensed to run a forex trading/investment firm, and a true government licensed and regulated broker with actual trading taking place in the brokerage firm by traders/investors. Beware, don't fall for their scam. That verified myfxbook trading statistics is cooked right from the mt4 server, no actual trading is taking place, by any human or trading robot. If you are defrauded of your funds, you will not hold myfxbook responsible as they are limited to getting the trading statistics from the mt4 trading server alone, metaquote is limited to selling its mt4 trading platform, FINTRAC and FINCEN will not help you as that bureau de change/money service business (MSB) registration certificate does not cover those ponzi/scam investment that you are investing in. You can only report to the the CFTC or NFA of USA, and IIROC or CSA of Canada as these bodies regulates forex trading and investment in USA and Canada, respectively. What will also give you the right to report to these regulatory bodies as there never regulated the ponzi scheme in the first place?

Let us stop here, as some members of this forum are so gullible, they can killed us for trying to educate them on things like this, even some so call experience forex traders are falling for these scams. There will always look for someone to come and be crucified on their behalf in trying to exposed Ponzi schemes like these. We did the same on MBA investment, now, we are putting our neck out again.

Go through the link below to get educated on doctoring, manipulation and cooking of fake trading performance direct from real mt4 server.

https://www.forexfactory.com/thread/951164-mt4-real-server-scam

https://www.forexfactory.com/thread/951164-mt4-real-server-scam?page=2

https://forums.babypips.com/t/can-a-broker-fake-a-metatrader4-account/531522/18


https://www.youtube.com/watch?v=Rkq9qb7eSDw

Do you need more?

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https://www.nairaland.com/6911605/top-forex-investors-control-makes

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Go through the link below to get educated on doctoring, manipulation and cooking of fake trading performance direct from real mt4 server.

https://www.forexfactory.com/thread/951164-mt4-real-server-scam

https://www.forexfactory.com/thread/951164-mt4-real-server-scam?page=2

https://forums.babypips.com/t/can-a-broker-fake-a-metatrader4-account/531522/18


https://www.youtube.com/watch?v=Rkq9qb7eSDw

Do you need more?

Ok