I did message him if he was going to send my original investment back and he said no. So, i reported the website to the FTC and reported his false profile on linkedin.
I know I am learning the hard way, and will never use anyone ever again.
Topic: Dealing with a broker and wants his commission before I see the ROI (Read 218 times)
November 20, 2021, 07:38:35 AM
November 20, 2021, 05:50:20 AM
Like others I too got zero experience with the broker based trading. I mean in the crypto trading that seems to be very abnormal thing to do considering huge volatility and risky returns I would never stake my money in someones hand and be dead until he gives me 15% plus whatever the ROI is. With the current market situation where ups and downs are really really thing of every day I can easily manage to get 2-5% returns on daily basis. This in terms of fiat could vary based on how much money is at stake. Thousands will give hundreds, millions will give you thousands in easy possible way. If you have lot of time and want to be serious trader then just jump in with day trading and you can have pretty awesome returns on daily basis. Broker may or may not guarantee you the returns plus you would be way careful when you are trading your hard earn money.
November 20, 2021, 05:23:16 AM
Do you know that broker personally? in crypto, you actually don't need to have any broker for you to start trading. You just register for an exchange that's available in your country and if they ask KYC, it's up to you. But there are exchanges that don't require KYC at all.
I do not know him personally. It seemed like he is legit, unless his website is fake and he is posing as someone else. I can not find many individual brokers that do actually crypto trading.
I also think that it's likely a scam. It's very common that they have that type of scammy tactic that before you withdraw, they'll ask for money. But even if you give them any amount or percentage, no amount will come to you.
November 20, 2021, 03:29:15 AM
I offered similar service for a long time but:
- Never asked to send a single penny to my account
- Always traded by API or Metatrader, on client's account.
- Always traded on broker or exchange choosen by client , without access to main account (so can't withdraw, can't change main info like mail or 2FA)
- Always asked for not less than 30% fee , because if i have made money for other people, this is not for free.
- Always explained risk of loss due to market volatility and to leveraged positions
Left this because a lot of people think that traders should win on all trades, instead of understand that ROI shoud be considered in a certain period and not on single trade.
Actually i trade by only for me, and i've about 70 LTC profits, or 400% YTD and i feel really happy
- Never asked to send a single penny to my account
- Always traded by API or Metatrader, on client's account.
- Always traded on broker or exchange choosen by client , without access to main account (so can't withdraw, can't change main info like mail or 2FA)
- Always asked for not less than 30% fee , because if i have made money for other people, this is not for free.
- Always explained risk of loss due to market volatility and to leveraged positions
Left this because a lot of people think that traders should win on all trades, instead of understand that ROI shoud be considered in a certain period and not on single trade.
Actually i trade by only for me, and i've about 70 LTC profits, or 400% YTD and i feel really happy
Nope, NOBODY should get a single dime from you unless they can provide proof that they actually made money for you. If they made enough money then they should be able to give you money and omit the part they should be getting. They want 25%? They turned 100 into 200? Get that 50, and send me 150 and that's fine (or get 25 and send me 175 if it is from profit which makes sense).
This is why I do not use brokers neither, it just doesn't make sense to use brokers in this day and age, you have money, you have crypto, you have exchanges all ready for you to deal with it, just go ahead and use it and you will be doing fine without the need of anyone else. I get that this looks a lot easier, give someone who knows how to make money a bit of your cash and watch them work that money into something much bigger without ever spending money on it unless they profit, however that is also risky if you pick the wrong person, that's the risky part.
This is why I do not use brokers neither, it just doesn't make sense to use brokers in this day and age, you have money, you have crypto, you have exchanges all ready for you to deal with it, just go ahead and use it and you will be doing fine without the need of anyone else. I get that this looks a lot easier, give someone who knows how to make money a bit of your cash and watch them work that money into something much bigger without ever spending money on it unless they profit, however that is also risky if you pick the wrong person, that's the risky part.
November 20, 2021, 02:41:52 AM
ROI is Return on Investment. What that simply means is that it's the extra on what was invested. No one asks to be sent commission on an investment without first declaring what ROI they've made the investor. So, it beats me hallow that a supposed broker is asking for commission without declaring the ROI. It's a cart before the horse situation. It's not right.
Please tell me it's not the usual Instagram/telegram stranger who told you to invest in some unknown coin and deposit money on a website where you're shown only gains, but the first time you tried to get that money they asked you to deposit more.... 
It's still a surprise why people continue to trust random strangers they meet online with their money. I don't want to say it's a certain level of idiocy, I mean with all that warning out there yet they still fall prey. I would say it's desperation to make money without breaking a sweet that leads to that. It's really sad. I wish people would take out time to learn these stuff themselves. There are lots of useful information out there on YouTube and all that (even here too) to kick anyone in and keep them going the right direction. It only takes time to achieve. Rome wasn't built in a day, and no one should expect that any good thing comes cheap. People should take the time and learn these skills. Don't trust them to strangers. 
November 20, 2021, 12:29:35 AM
Hello all
I am new here and like the title says, I am dealing with a individual broker. Now to get my ROI i have to pay his 15% commission and then he will send me my ROI.
Is this normal?
Can he not take the commission out of the ROI and then send me the rest?
He is SEC and FINRA active.
Any advice would be appreciated.
Would you mind on answering these questions?I am new here and like the title says, I am dealing with a individual broker. Now to get my ROI i have to pay his 15% commission and then he will send me my ROI.
Is this normal?
Can he not take the commission out of the ROI and then send me the rest?
He is SEC and FINRA active.
Any advice would be appreciated.
Where you had meet up?
What site does he have?
All of these things done verbally just because you do look that he seems legit?
Don't sent out the other 15% that he had been asking because if you do make use of your common sense then he would definitely be deducting those amount into the profit he had made.
So that alone would prove out that he's already showing up some shady behavior.
November 19, 2021, 11:09:18 PM
Basically he most likely scammed you 2 ways.
First way is he took your money and most likely didn’t actually trade. Just sent you his fake report how he turned your money up by 100%.
And now since you want to withdraw, he wants 15% of some fake amount to get more money out of you. There is nothing you can do really. Most likely he is not actually regulated.
First way is he took your money and most likely didn’t actually trade. Just sent you his fake report how he turned your money up by 100%.
And now since you want to withdraw, he wants 15% of some fake amount to get more money out of you. There is nothing you can do really. Most likely he is not actually regulated.
November 19, 2021, 11:03:22 PM
I checked him out, even called my local division of finance and there is nothing out there on him. He is SEC and FINRA active.
I was thinking the same thing, can he not take his commission out of the ROI and then send it to me. I shouldn't have to pay more for him to release the ROI to me.
If anything, he should be able to return my original investment back to me in a act of good faith, keep the ROI and then if he does that, I can pay his commission to get my ROI in return.
I am using him, because he is supposidly a day trader, and I am a newbie
If i want to do this on my own, which crypto exchanges do you use?
You very highly likely got scammed. You found nothing about him on your local division, so whatever he said is probably a lie. He is asking for 15% comission from your ROI right? Don't you see it doesn't make any sense? He can just return you your investment and ROI minus the comission, but he won't do that. Because he already scammed you and now wants more from you. This is how scammers try to extract more money after scamming someone. And he saying that he will return your initial investment but not the ROI if you don't pay the comission is just pure bullshit. He is just trying to act like a saint so you trust him even more and feel tempted to pay him the comission. I was thinking the same thing, can he not take his commission out of the ROI and then send it to me. I shouldn't have to pay more for him to release the ROI to me.
If anything, he should be able to return my original investment back to me in a act of good faith, keep the ROI and then if he does that, I can pay his commission to get my ROI in return.
I am using him, because he is supposidly a day trader, and I am a newbie
If i want to do this on my own, which crypto exchanges do you use?
November 19, 2021, 10:51:18 PM
Guess I will have to see if i can start small day trading and make up my losses.
Sorry mate, but if you don't know how to trade to start with and you're now quickly jumping in to hopefully gain back your previous losses, then you're probably going to have a really really bad time. I recommend gaining back the money doing something that you're actually experienced with already.
November 19, 2021, 04:32:45 PM
Nope, NOBODY should get a single dime from you unless they can provide proof that they actually made money for you. If they made enough money then they should be able to give you money and omit the part they should be getting. They want 25%? They turned 100 into 200? Get that 50, and send me 150 and that's fine (or get 25 and send me 175 if it is from profit which makes sense).
This is why I do not use brokers neither, it just doesn't make sense to use brokers in this day and age, you have money, you have crypto, you have exchanges all ready for you to deal with it, just go ahead and use it and you will be doing fine without the need of anyone else. I get that this looks a lot easier, give someone who knows how to make money a bit of your cash and watch them work that money into something much bigger without ever spending money on it unless they profit, however that is also risky if you pick the wrong person, that's the risky part.
This is why I do not use brokers neither, it just doesn't make sense to use brokers in this day and age, you have money, you have crypto, you have exchanges all ready for you to deal with it, just go ahead and use it and you will be doing fine without the need of anyone else. I get that this looks a lot easier, give someone who knows how to make money a bit of your cash and watch them work that money into something much bigger without ever spending money on it unless they profit, however that is also risky if you pick the wrong person, that's the risky part.
November 19, 2021, 02:37:26 PM
And be careful about lawyers that promise to recover your funds…..They will help you only to increase your net loss
And he won't do that because you've got no proofs like a signed document (in person), or a video of him showing that he's in custody of your funds to trade and will hold till he pays you back his liabilities towards you which is his promised returns' amount. I don't think anyone in their sensible mind would even think of investing with someone they don't even know about. There are enough websites with those tags like FINRA and whatnot, but have you personally checked and verified everything before giving him your money?
Yeah, i know i am screwed, unless he sends me my initial investment back. Thanks for the help everyone.
And he won't do that because you've got no proofs like a signed document (in person), or a video of him showing that he's in custody of your funds to trade and will hold till he pays you back his liabilities towards you which is his promised returns' amount. I don't think anyone in their sensible mind would even think of investing with someone they don't even know about. There are enough websites with those tags like FINRA and whatnot, but have you personally checked and verified everything before giving him your money?
November 19, 2021, 02:21:23 PM
Yeah, i know i am screwed, unless he sends me my initial investment back. Thanks for the help everyone.
And he won't do that because you've got no proofs like a signed document (in person), or a video of him showing that he's in custody of your funds to trade and will hold till he pays you back his liabilities towards you which is his promised returns' amount. I don't think anyone in their sensible mind would even think of investing with someone they don't even know about. There are enough websites with those tags like FINRA and whatnot, but have you personally checked and verified everything before giving him your money?
November 19, 2021, 01:47:33 PM
Yeah, i know i am screwed, unless he sends me my initial investment back. Thanks for the help everyone.
November 19, 2021, 01:20:06 PM
Bro,
Sorry, but I smell scam here .
If someone trade on your behalf, at least you have to choose the broker, and have to keep the possession of it!
His website is douglasarthurfoelsch.com. if you want to look at it.
Hmm ,
Bad news...
https://archive.vn/dvDuN
https://synergyaccelerator.ru/
So he is either Douglas or Dmitry Yurkov (scroll down)
He uses a coin-premium.com website too. I tried calling the coin-premium website too, no answer.
That website smells like a scam for one mile away.
15% Daily return? Be serious!
11 years of experience with a 200 days old website?
One last maybe two questions did you deposit bitcoin or other crypto and they asked you for that 15% again in crypto? If both are yes, then you've been scammed and you won't see a penny!
They asked me for 15% of the profits that they generate.
So, I cannot access the synergyaccelerator.ru website.
If he is going to to hold my initial investment also without me paying the 15% of the profits that was generated, then i know it was a scam.
Seemed pretty legit, I even did a broker check and everything.
Guess I will have to see if i can start small day trading and make up my losses.
November 19, 2021, 12:47:04 PM
His website is douglasarthurfoelsch.com. if you want to look at it.
Hmm ,
Bad news...
https://archive.vn/dvDuN
https://synergyaccelerator.ru/
So he is either Douglas or Dmitry Yurkov (scroll down)
He uses a coin-premium.com website too. I tried calling the coin-premium website too, no answer.
That website smells like a scam for one mile away.
15% Daily return? Be serious!
11 years of experience with a 200 days old website?
One last maybe two questions did you deposit bitcoin or other crypto and they asked you for that 15% again in crypto? If both are yes, then you've been scammed and you won't see a penny!
They asked me for 15% of the profits that they generate.
So, I cannot access the synergyaccelerator.ru website.
If he is going to to hold my initial investment also without me paying the 15% of the profits that was generated, then i know it was a scam.
Seemed pretty legit, I even did a broker check and everything.
Guess I will have to see if i can start small day trading and make up my losses.
November 19, 2021, 12:10:58 PM
Don't start with any broker, you'll just be taxed pretty crazy under the pretext of profit. Since then you cannot enjoy 100% profit from what you trade. Do not let your trade which is free of transaction is in the control of another party. It is your trade that you decide without needing to interfere with any broker. Even though the trading income is not entirely satisfactory, at least you are the one who controls it all.
November 19, 2021, 11:55:21 AM
His website is douglasarthurfoelsch.com. if you want to look at it.
Hmm ,
Bad news...
https://archive.vn/dvDuN
https://synergyaccelerator.ru/
So he is either Douglas or Dmitry Yurkov (scroll down)
He uses a coin-premium.com website too. I tried calling the coin-premium website too, no answer.
That website smells like a scam for one mile away.
15% Daily return? Be serious!
11 years of experience with a 200 days old website?
One last maybe two questions did you deposit bitcoin or other crypto and they asked you for that 15% again in crypto? If both are yes, then you've been scammed and you won't see a penny!
November 19, 2021, 11:30:08 AM
Is this normal?
Can he not take the commission out of the ROI and then send me the rest?
This seem my concern and your mind is telling you something also. So why would you have a profit and the broker still want you to send money and not to deduct from your Return on your investment. It looks suspicious.
What broker is that ?
Always use a popular platform when dealing online.
His website is douglasarthurfoelsch.com. if you want to look at it. He uses a coin-premium.com website too. I tried calling the coin-premium website too, no answer. He has a linkedin profile, which i know doesn't mean anything. Even the MO State Treasury office said they do not see anything, but now I am wondering. At least i didn't give him gobs of money, only a couple grand. Which, you make stupid mistakes and learn from them.
November 19, 2021, 10:54:33 AM
If you are not allowed to see ROI, how to determine 15%? It's not normal, but depends on how the initial agreement was.
I do not know him personally. It seemed like he is legit, unless his website is fake and he is posing as someone else. I can not find many individual brokers that do actually crypto trading.
That's my suspicion, that you didn't verify someone's legitimacy properly. I can't imagine if someone who works in a financial institution also opens a service to take care of other people's finances personally. Better think about how you still have the opportunity to get your initial capital instead of ROI. November 19, 2021, 10:38:40 AM
Is this normal?
Can he not take the commission out of the ROI and then send me the rest?
This seem my concern and your mind is telling you something also. So why would you have a profit and the broker still want you to send money and not to deduct from your Return on your investment. It looks suspicious.
What broker is that ?
Always use a popular platform when dealing online.
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