Selasa, 04 Februari 2014

Is CAESARTRADE SCAM?

If you remember , several months ago i made a review of a forex broker called CaesarTrade.
For several months trade with this broker using ther promotioanal forex bonus 400% , all goes so smooth, even when they decide to limit withdrawal into monthly term.

Yes , CAESAR TRADE, turns it self from a good broker into SCAM broker in January. I mean scam in their 400% bonus. They decide to change the 400% bonus rules into :



1.We offer a 5 day trial period where we will refund your initial deposit. It's risk-free trading and you will not lose any money. If you do request a full refund, this offer will not be available to you in the future. 

Honestly its a non-sense. I have a client that deposit $100 into Caesar Trade and have $300 bonus in returns, but after 2 days, he decided to WD his deposit that has not traded yet.

And do you know what CaesarTrade answer? THEY REFUSE TO REFUND THE MONEY and asking my client - that has not perform any single trade- to make transaction as much as 30 Standart LOT. CRAZY !

2. We accept every payment method (like credit card and Moneybookers) up to $2,500. Over $2,500, we require Bank Transfer. 

3. The Bonus is Redeemable after the specified volume has been met. 
 and CaesarTrade do not specify how much lot must be closed before the bonus is redeemable. Another scam tricks from them

4. You cannot withdraw your profits unless Volume requirements are met. The volume calculation is the bonus granted divided by 10, or Bonus issued / 10 = Lots required for trading. 
 For me its like, you do not allowed TO PERFORM ANY PROFIT WITHDRAWAL before volume calculations are met. Let make it simple.

Imagine if you deposit $1000 and got $3000 bonus, so in order to WD your profit, you need to close = Bonus divide by 10, or 300 standart lots. Sounds good?just give it a try if you have guts .

5. Under extreme circumstances, we reserve the right to limit or cancel your profits without any explanation given.
We can say, under any extreme circumtances, if client made profit and already closed lot requirement, they can cancel our profit WITHOUT ANY EXPLANATION.

For you who consider to trade with this broker using their scam 400% bonus, think again.If you want to deposit into caesar trade regular account (account without bonus) think again.

If a broker starts to create CRAZY requirement in order to WD , its mean one thing :

They do not have money to pay its client and they have hope in longer term, their client capital will be loss and become their capital.

And one other thing, i have client that trade normally, sometimes he lost, and sometimes he made profit, and when he request +/- $2000 , they refuse to pay and disable my client account. They promise to my client will return initial deposit. But what my client got? a false HOPE  !

And after several days, they promise to my client will unblock his trading account, and what my client got?
ANOTHER FALSE HOPE.

They can't reach by email, dont answer any question. Beware of CAESARTRADE SCAM


Beware. You have been WARNED