[00:02] trading scams, so if you're new or haven't been in the trading world for very long, stick around because you're going to save yourself a lot of time and money, which is the most important thing.  If you don't know me, I'll introduce myself quickly.
[00:16] know me, I'll introduce myself quickly. My name is Benjamin and I have been dedicating my time to trading for over 7 years and have been living solely off trading income for quite a few years now.  I've been where most people
[00:31] start when they first get into this, which means starting with signal scams, starting with groups that are absolutely worthless, and I even believed the snake oil salesmen at one point. So, with all this experience behind me
[00:45] , I'm going to make this video to try to wake up those who are starting out in this world who aren't quite awake yet .  That is my only goal.  The first scam, the
[01:01] most common and the most famous, and the one that, unfortunately, we all fall for at first, are unfortunately, we all fall for at first, are the so-called free signals.  I'm sure you've seen these signals on a lot of social media like TikTok, Instagram,
[01:14] social media like TikTok, Instagram, Facebook, YouTube and many more places, sold by these pseudo-gurus who show you pseudo-gurus who show you a nice car, women, wine and all
[01:27] this kind of nonsense that these people make up and tell you that all of that is thanks to trading.  And not only that, the scam goes even further and they tell you that they will help you without any profit motive, completely free of charge if you
[01:43] join their private Telegram, their private Discord, their private WhatsApp group, and that they, in a completely altruistic way, because they are Jesus Christ incarnate, will share their strategies, their
[01:57] signals, their trades with you so that all you have to do is copy that trade and paste it into your broker.  What's going on?  Because these people tell you they're going to do everything altruistically, without
[02:09] profit motive, and all for free, you go and fall for the scam.  What is this scam?  Or why do they want you to join those free channels? Because, hey, supposedly they don't earn anything and they're going to give it all to you for
[02:24] free so you can make money.  The reality is that they are generally affiliated with a broker that is not regulated.  As a general rule, these brokers are, well, banana republics and are usually located in Virginia, the
[02:39] Cayman Islands, and all those kinds of places where there is no regulation whatsoever.  It's not regulated, so once you put your money in there, you most likely want to withdraw it they won't allow it, they'll put obstacles in your way, and ultimately what they're
[02:53] going to do with your money is steal it from you .  And you'll say, "Hey, how is this person making money off me if I 'm not giving him the money?"  It's very simple.  These people are usually affiliated with these brokers, and
[03:07] since these brokers don't even place your order in the real market, what happens is that once you deposit, you automatically lose your money, or very likely the signals that person gives you, those
[03:20] market orders, those trades that person gives you, are extremely bad care about at all, and what you're going to do is lose your money.  But even in
[03:32] the hypothetical case that you make money, these brokers, since there's no one behind them, since they're unregulated brokers with places no one knows,
[03:49] this person gain from this?  Well, basically they usually have membership rates basically they usually have membership rates of 50, 60, 70, 80 or 90%.  In other words, if you enter that free signals channel, but to receive those
[04:03] supposedly free signals, you have to deposit 300, 400, 500 or $1,000 into the broker he tells you to.  So, once you deposit that money into the broker with their affiliate, with their affiliate link, the broker will give them your money,
[04:19] 50, 60 or 70%, depending on the agreement you have with that person, with that alleged scammer, and they will give them that percentage.  If you deposit 1000, they will percentage.  If you deposit 1000, they will give you 500, 600, 700 completely free of
[04:31] give you 500, 600, 700 completely free of charge.  And that's how they make money.  That's why they have so many people in the group, that's why they show that unrealistic life that isn't achieved through trading, but is generally achieved by this
[04:43] FAR (Family Arrangement) and what they're going to do is steal all the money you have.  So these free signals, these influencers, these pseudo-gurus who share their lifestyle with you and tell you that it's all thanks to trading and that they're going to
[04:56] share it with you for free— well, don't fall for these stories, don't fall for these scams because you'll join the group, deposit money, and lose absolutely everything. But even if you're the best
[05:10] trading, that broker isn't going to pay you anything.  You won't have anyone to talk to, you won't have anyone to report, and you won't be able to do anything at all because those brokers, as I said, are generally unregulated and
[05:25] registered in tax havens, so once you deposit your money with that broker, you're going to lose absolutely everything.  Anyone who tells you they're going to give you the signs, that they're going to manage your money, that they're going to
[05:39] something you should look out for.  And as a general rule, these signals or this copy trading or all these things don't give you training or a course, they simply tell you that they're going to give it to you completely free, but hey, deposit
[05:54] 300, 400, 500 or $0,000 in this broker that I tell you through my affiliate link. And that's how you're going to pay for those services, which that person isn't profitable, doesn't make money with trading, and the only thing they do is
[06:10] allegedly scam people.  So don't believe in all the signals, all the copy trading you see out there from these kinds of people who only teach nonsense about cars and luxury, because you're going to lose
[06:25] everything, absolutely all of your money.  Therefore, flee from there as soon as possible.  Fortunately, when I started, I also began through a copy trading group, I think , and I only lost €300, so
[06:41] luckily I realized it quickly. But there are people who lose €300, then invest another €200, then another €500, and in the end, they lose all their savings to a fool and a suspected scammer. So please
[06:55] be very careful with this kind of thing.  The second most typical scam is when someone offers to manage your capital.  I'm sure you 've also heard, I manage capital with this bot, with
[07:10] this automation that I've achieved. Deposit this money here, give me manage your money for you.  Send me this bank transfer and I'll manage the money for you and give you 80%, or 50%, of the profits.  And let me tell you,
[07:25] this is also a very common scam.  There are many people who do this, telling you that they are professional traders, that they have worked in banking, that they work in investment funds, that they are the real
[07:38] Goldman Sachs.  They are an absolute madness of traders.  The truth is, they don't have a clue about trading.  They don't know how to do absolutely anything and the know how to do absolutely anything and the only thing they're 100% going to do is steal your
[07:52] money.  So be very careful what you do with your money.  Never send transfers to people you don't know. Never make your capital available to people you have no idea who they are. Never do it if there isn't a contract involved
[08:06] .  Never do it if that company is fully regulated.  Never do it without being clear about these things, because most likely, once this person receives your money or you deposit that money with a broker or a company they
[08:20] likely block you, ignore you, and steal your money.  And now these types of people are usually found in tax havens, in Dubai, in probably don't even have the name of the one you were told about.
[08:35] Your company probably won't work.   They will probably ask for the money in cryptocurrency so that it is completely impossible to trace, and you will most likely end up with no money.  Therefore, you always have to manage your money,
[08:47] your investments, your capital, and your savings .  Never send it to anyone.  Never tell anyone how much money you have. Never tell anyone where you have your money, and never send transfers
[09:01] or money to people you don't know, especially not for them to manage it for you, person is good at trading, if they're going to scam you, if they have no idea how to trade, or if it's even really that person talking to you because they might be
[09:15] lying.  So in short, never send your money to anyone.  Don't send your money to anyone.  You have to manage your own capital.  You have to invest your own capital and never send the money to anyone or
[09:29] managing it for you, because most likely you will lose it again and get scammed. Please be very careful.  Another of the most typical and unfortunately
[09:42] most common scams, and one that most people still fall for even after years in still fall for even after years in trading, is to accept training, advice, or invest in a course or training program from people who
[09:54] cannot demonstrate results.  Today on social media it is very easy to make people believe that you are good at trading. How is it so simple?  Basically, you do a few silly things, people think you're making money, you rent a
[10:10] Lamborghini that costs you €1,000 a week, you act a bit silly and put on a show, you use social media and people think you're profitable.  This is a majority of people still fall for, even if they have been
[10:22] trading for a long time, even if they are old enough to interpret these red signals, right? So to speak.  And listen, let me tell you something else So to speak.  And listen, let me tell you something else , the snake oil salesman, the fool,
[10:35] shows you a Lamborghini or shows you four silly things.  The pseudo- trader, the guru, the one who has no idea about trading and is not good at it , can also be seen disguised with false humility, giving
[10:50] everything away for free, teaching novice people, and making them believe that he is good. vast majority of these people don't get results in trading either.  I'm fed up with everyone saying, "No, the one who sells you smoke, the one who takes your
[11:05] money and isn't really profitable with trading, is only the one who shows you Lamborghinis, the one who shows you luxury homes and a very good lifestyle."  Well, no, there are also many people who earn a lot of money from courses and a lot of money by deceiving
[11:18] , so to speak, and they don't demonstrate this lifestyle, but rather show a false humility, they tell you yes, that it's very good, and so on, and they act a bit like a fool and in the end you end up believing it.  I always try to
[11:31] emphasize to my community that nowadays on social media, the vast majority of traders who do this professionally operate with funding accounts, with funding companies.  If you don't know what it is, look it up on Google
[11:45] trading these days because it gives you the possibility of leveraging yourself with very little capital and very little risk.  And how can you verify that the person you're listening to, the one giving advice, the one you want to train with, well, the only
[11:59] way to audit it is if they show you verified payouts from those funding companies.  And let me tell you something else, never stay with the person who only teaches you about one company.  Because? Because there are some who charge
[12:13] membership fees for these funding companies and only ever show you how to withdraw from a funding company.  When a trader you want to learn from and listen to only shows you withdrawals and payouts from a single funding company,
[12:29] and that funding company is Spanish and has affiliations with him, run away.  And stick with the person who teaches you about withdrawals from many funding companies.  For example, in my case, I have already withdrawn
[12:43] more than 350,000 in payouts with funding accounts, with funding companies, and I have had withdrawals with FTMO, with Fund Next, with Bright with FTMO, with Fund Next, with Bright Funded, with E8, with Neoma.  I've had
[12:55] withdrawals with practically every company in the sector.  It is impossible for me to be affiliated with or have any kind of agreement with all the companies in the sector.  It's practically impossible.  Furthermore, for example, FTMO and
[13:08] Alfa Capital don't even offer affiliation, so it's impossible that I'm modifying those certificates ; they have to issue them to me.  Moreover, at Alfa Capital, for example, I have twice been placed on two
[13:24] weekly top payout tables, one, if I remember correctly, of $3,000 and another of approximately $12,000 or $14,000.  In other words, we're talking about top-tier, well-known companies in the sector.  If the person you're
[13:38] listening to and want to learn from doesn't show you payouts from top companies, don't listen to them because they most likely want to deceive you and are pulling the same trick as the lifestyle and luxury living types.  What you should pay close attention to is
[13:54] who you train with, who you listen to, and who you receive advice from, because there are many fools out there who tell you they are profitable when they tell you they are profitable when they really are not.  And these scams are
[14:06] very continuous over time, that is, you can be in the sector for 4 or 5 years and still be falling for scams from these types of people because they camouflage themselves very well, they act with false humility, they make you believe that they are super profitable
[14:20] and they don't show you results.  That's why I 'm so persistent on my social media, on my YouTube channel.  Hey, I'm Benjamin and I've withdrawn all this money from funding accounts and I'm showing it to you.  And it bothers many of you, he says,
[14:33] "Hey, Benjamin, try not to be so conceited, try not to have such an ego."  It's not about being conceited, it's not about showing ego, it's about showing it to your face, man, that I'm withdrawing money from trading, here it is
[14:46] , so whoever you're listening to, whoever you want to listen to and whoever you want to train with, look and ask for those results and if they don't give them to you, run away those results and if they don't give them to you, run away from there.  The person who scams you isn't just driving
[15:00] a Lamborghini and living a life of luxury; you also get scammed by people who feign humility and have no results, making you believe they're good at trading and have results, but they don't show them. So
[15:13] if they don't show them to you, run away.  And now we're also going to talk about one of the most famous and popular scams in trading, which well, you can't really trading, the only thing it shares with trading are Japanese candlesticks and I
[15:27] 'm referring to binary options.  I'm sure you've also come across these markets and most likely started trading through them, because unfortunately there are many people who share content about
[15:41] these binary options on social media.  In fact, when I started in trading, before I knew everything, I also fell for these kinds of scams.  Some of you who are currently this video, I'm telling you to get out of there as soon as possible, because that's not
[15:57] trading, it's not investing, it's absolutely nothing.  They are bets, and fake bets at that, because it is not a real market; you are not even seeing the real price quote, neither of the stock, nor of the currency pair, nor
[16:11] practically anything.  All you're seeing are Japanese candlesticks, but what you're really doing is betting on whether in one minute, two minutes, seconds, five minutes, or ten minutes the price will be above
[16:24] where you bought or below where you sold.  So let me seeing real quotes, it's not a regulated market, it's practically nothing.  In fact, the vast majority of these websites where you supposedly invest
[16:40] to trade binary options usually involve making those deposits and withdrawals—if you make money, which you won't because it's designed for you to lose money—in cryptocurrencies.  So that?  So that it's
[16:53] what company or person is behind it, so they can scam you completely or totally at ease and without you being able to report it or do practically anything.  There are many supposedly making a lot of money and becoming millionaires with binary options, and what they're really doing
[17:09] is establishing an affiliation with that supposed company, with that binary options platform, so that if you deposit $100 and lose $ 50, they take $30 or $40, that is, 80% to 90% of your deposit.
[17:24] Generally speaking, the account used by that supposed influencer, that supposed profitable trader, that millionaire trader thanks to binary options, is usually programmed or has a much higher success rate than yours.  So
[17:39] videos, hook you, this part of getting you to put money in by making you believe that you too will earn money with his secret formula, with his strategy.  And what's really happening is that he has a modified account; he's going to win all
[17:53] the trades, but when you go to put money into that referral link with that company, you're going to lose everything because you're not a regulated company, it's not a regulated market, and what they're going to do is steal
[18:08] all your money.  So let me tell you that if you're into binary options and you think that binary is about trading and not investing, that's not the case.  It's an unregulated market, it's not trading, it's nothing, it's gambling.  The thing is, they
[18:21] disguise it, they sell it to you with Japanese candlesticks, with nonsense so that you believe you are investing by trading, but really it's gambling.  And let me tell you that since it's not regulated, it 's a scam, and if you make money, which
[18:34] is very unlikely because that binary system is designed exclusively for you to lose money, if you do win, they're not going to pay you.  The only one who's going to make money with those binary options is that influencer, that pseudo-trader,
[18:47] that scammer, that fool whose back.  If you win, they won't give it to you, but most likely you'll lose it, and when you lose it, he wins it.  Both the company that makes
[19:03] those binary options and that influencer, that trader you have affiliated with thanks to him for those binary options.  Therefore, if you 're involved in binary options, in short, get out of there because it's just another scam, and a very typical one at that, in trading.  Everything I
[19:17] 've mentioned in this video represents the vast majority of scams that, unfortunately, existed in trading and still exist.  So, if you've thankfully starting out, you haven't been around long, and unfortunately you're caught up in some of
[19:31] these scams, get out of there as fast as you can.  And I'm not telling you this to, I don't know, to deceive you or anything.  further.  I'm making this video exclusively to try and save people from losing their money, unfortunately, in this
[19:44] wonderful sector that is trading. Because unfortunately, when someone starts in this sector, in this business, and comes across one of these scams, they will name of trading, say that all trading is a scam, say that it's
[19:58] their money.  Therefore, I try to avoid tarnishing the name business is very difficult but very beautiful and can make you a lot of money.  And
[20:10] secondly, I don't want people, unfortunately, to fall for these scams.  That's all, I hope this video has helped you.  If you have a friend, starting out in trading, I would tell you to share this video with them so they can try
[20:24] not to fall for these popular scams. Unfortunately, we always popular scams. Unfortunately, we always fall for them when we start out, and hey, I hope you enjoyed the video, and I'll see you in the next one.