Thanks for reading today’s review of FXLifeStyle
FXLife is a Forex educational company, at the same time, offering a trading signal service. The owner of the company is a person named Samir, and is currently living in London, England. The company is offering the following products and services:
- Forex educational course $129
- Daily Forex Trading Signals $40 per month.
FXLifeStyle is currently occupying the following social media profiles:
It appears that FXLifeStyle first arrived on the Forex educational scene in late 2015.
FXLifeStyle is pure trader porn
If you took a moment to view any of the social media profiles, you will notice that nearly every image is of Samir flashing stacks of cash, standing next to a Ferrari, flashing a gold watch, drinking champaign, or lounging in an expensive hotel suite. Flaunting his supposed million dollar lifestyle.
Most tradingschools.pro readers are probably already laughing at this outrageous douche bag. He embodies the very worst stereotypes of a rich and successful trader.
Many readers are wondering why tradingschools.pro is writing about this ridiculous con artist. Why even bother?
Well, you would be amazed…tradingschools.pro has received 12 complaints since January 1st. Truthfully, after the first two or three complaints hit my email inbox, I thought to myselfwhom could be gullible enough to actually fall for such a blatant fraud?
After examining the IP addresses and emailing the victims, I discovered the following:
- 3 victims in Australia $9,000
- 2 victims in Southeast Asia $4,000
- 4 victims in the United States $11,000
- 3 victims in the United Kingdom $6,000
How the FXLifeStyle scam is executed
Several victims randomly discovered the scam through aggressive postings on ForexPeaceArmy. The remainder were introduced to the scam via clever social media marketing.
The scam begins with the victim being dazzled with images of cash, expensive cars, and suggestive videos of laptop computers displaying Forex charts.
The victim then follows the primrose path to a supposed ‘real’ trading performance page that is posted here.
Once the victim is ‘hooked’, they are then required to open a Forex trading account with one of several different Forex brokers. All of the Forex broker links are affiliate links.
What readers are probably not aware is that the Forex broker typically pays $250-$500 per each newly opened account as an affiliate commission.
Additionally, the affiliate earns additional income from each trade that is executed through the affiliated Forex brokerage account.
Steady stream of random trades
Once the account is opened and ready to begin trading, the victim then receives a constant stream of trades that are ‘copy and paste’.
The victim believes that he/she is receiving excellent investment signals. But the truth is that the signals are random signals generated with the sole purpose of generating additional trading volume for the affiliate marketer.
FXLifeStyle could care less whether you win or lose. They just want you to ‘churn and burn’ your trading account into pocket change.
Yes, some folks will be winners. This is due to random chance. If the victim is’lucky’ enough to start trading the signs and really starts making profits, then FXLifeStyle instantly begins throwing additional trading signs (super secret signs ) which may be auto-traded. However, so as to obtain access, the victim must deposit additional funds to the trading account.
The largest victims of the scam started with quite small forex trading balances. After a few winning trades were executed, they were only able to deposit larger and larger amounts throughout their credit cards.
Eventually, the Forex agent begins to win and empty the account. Low and behold, the Forex broker will then supply an account incentive of 20% to 50 percent for any additional deposits.
The end-game is to drain the credit card of all available credit. The victim is left with nothing.
Wrapping things up
tradingschools.pro has written about many of these Forex trading scams. Too many to recall. The connecting link is usually ‘trader porn’ or some other form of lifestyle marketing.
The victims usually fall into the same category; a young person aged 18-25 with little financial sophistication.
Thanks for reading. Sorry if I wasted your time on this one. But the complaints started to pile up, so I had to write something.