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Vista FX Reviews – Scam Or Just Bad Risk Management? – Read Before You Invest Your Money
I have had a few people find my blog by typing Vista Fx scam, complaints, lost 10’s of thousands etc, into Google.
I don’t know to be honest. This is the second managed account that I have lost my money on, the first one was a scam and I am in the process of getting my money back… hopefully. I wrote an earlier blog here www.acorn2oak-fx.com/managedforexaccounts/blog/vistafxmythoughts.html.
Since I wrote this, it was at the time of writing correct, things have changed a lot. I have lost my investment. I said at the time that I was impressed with the way that Vista FX handled a drawdown. Well, obviously I am not impressed now. I just don’t understand why they kept on buying the AUD/USD pair with large lots. It was as clear as day that the Aussie dollar was dropping like a stone. I said to myself “I hope this goes the right way or we are in the S**T”. It seemed like a hell of a gamble, especially as the drawdown was quite big already.
It just doesn’t figure ???
Also, when I signed up, I signed up for the account that was advertised on their website. However, I was set up on another brokerage that wasn’t even advertised on the website!!!! They said that the account would receive just the same care and risk management as the one advertised. Obviously again, it didn’t.
On their website now, they have taken off the account that has lost all of the money. It doesn’t say anything about it, just the good results they are getting from the original account.
Scam or not? As I said, this has happened before to me about a year ago. My account dropped by 66% or so due to “human error”. I’m not sure exactly how they did it but they siphoned off our losses into accounts all over the world. They made it look as if our accounts had lost money but in fact they hadn’t and they said sorry but losses do occur etc. It’s hard to explain. I am still waiting to discover the real truth.
Anyhow, please leave your comments below if you want to put in your thoughts. Please don’t forget to check out the rest of this website on this alternative investment.