Forex trading platforms often use deposit bonuses (e.g., 200% bonus on a R100 deposit) to attract beginners, but these bonuses are typically 'drawdown' bonuses that can be lost if the account balance decreases, and the lack of transparency in showing actual deposit and withdrawal transactions raises concerns about the authenticity of such trading demonstrations.
Deep Dive
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Deep Dive
Exposing the R100 to R200K Forex Dream Sold to BeginnersAdded:
DJ Coach is back once again, rolling in desiccated coconut, hoping that us as South Africans would recognize this as a koeksister. But, we do know how to tell the from the nice stuff. So, let's take a dive into this video and you guys will just see why I find this funny enough to make a reaction VIDEO TO IT.
LET'S GO.
FIRST, KGP MARKETS. This is a video for KGP Markets, but look there. AT Global Markets is >> [laughter] >> embarrassing. This is why me, I will stick to IFX. They have their own license, so they don't need to borrow nothing from another company, my bro.
But, again, that's a chat for another day. Let's get into this.
Uh this is a standard bonus account. Now, let's make some observations here.
Balance 100 rand. That is what he deposited, and then they gave him 200% deposit bonus, which means the account is standing at 300 rand, right? Keep that in mind. Here you see credit 200 rand. Here you see balance 100 rand. And all together, that must now makes the equity, right? Cool. Uh it has a drawdown. My 100 rand could have blown against me. So, if in any way against the account, could have blown. So, All of those positions on a 100 rand, nah, I don't believe it.
New leverage 1 is to 1,000. It's launching next week.
By the time we want to do next week, it will be I like how he's narrating it like he's doing it in real time. Can't he just is a pre-recorded video. Just keep that in mind. This is a pre-recorded video and they are playing it back to you now. He's narrating what has happened.
one of you feel up to 1.2 Reason being already I'm able to get 200% bonus when I do that. Language You are allowed to withdraw at 5 minutes. That's why I got credit at 5 minutes. I want to get a very good share KGP. Get executed first trade.
Remember the bonuses are draw down. So if Now, one thing that we didn't see was that initial deposit of 100 rand. We didn't see that. And then he speaks about withdrawing the money and then putting it back into the account so that he can re-up that credit bonus, right?
But we don't see him do that.
So, how can you believe it is true, my bro?
That's all I'm going to say. as long as there's still equity, my trade will continue running.
Second order sheet in the new order.
My target is my 10,000. From 10,000 to get 200% bonus.
But DJ Coach, we not like seeing it happen in front of our eyes, man.
This can be manipulated in the back office. You know very well what I'm talking about, bro.
Don't sit there and like we need to see this.
Where's the deposit? Where's the withdrawal? We haven't seen a single SMS pop up within the screen here.
All the notifications has come except a notification of money in, money out. The emails that a broker would send normally when a withdrawal is being processed. Then the emails come through that says, "Okay, your withdrawal has been made." None of that.
So, Naim DJ Coach, stop playing with us, my bro.
Lot size two, buy. Lot size two, buy.
Each order is going to give me around 10 to 12,000. Buy.
All right. So, nice thing about the losses even if it goes above my balance >> see what I'm talking about?
>> So, nice thing Do you see what I'm talking about?
All of the other notifications comes through except the money in, money out notifications for the deposit and the withdrawal. Except the emails for the money leaving the account and coming back into the account. Like DJ Coach, my bro, no, man. losses even if it goes above my balance, it will not blow because it's a drawdown bonus.
>> Now, we're not saying this didn't happen. We're just saying that it's this kind of a meeting of stuff that makes us feel that you guys aren't transparent, my bro. Straighten it because let's be real, KGP is your broker. So, here is a hell of a lot of conflict of interest, bro.
Because why aren't you showing that deposit and withdrawal history, my bro?
That will most now really drive your point home with the deposit. And I mean, it's like right there, the history button is like it's it's it's there.
It's It's literally not too much to ask, but it's just a click, blip. There we see it.
Gone. Now Now we can't argue you for nothing, my bro.
But I haven't seen the withdrawals that you so speak of.
I can't verify the deposits that you so speak of.
7:00. This was yesterday.
Why should we continue staying on the trade? Pusha. So, this is just to say happy birthday to DJ Coach. Thank you for the great 10 years of trading.
Hey, I don't know who's going to fall for that. When I look at the comment section, I can see there's a lot of people that is calling this out because this kind of behavior is usually meant to draw people in. And the more you scroll down, the more you realize that there are people that's going to jump at this.
The more you are realizing that there is people maybe seeing trading for the first time that aren't as smart as this person that knows this bro is up to something. Look there, people as even recognized that ATG server as the same server that XM Markets is using. So, that is why I'm saying, "What kind of >> [snorts] >> image are you putting out there to be sharing servers with other brokers, my bro?
Are you then a spaza shop broker?
Are you then one of that container stores on the corners of the streets? Or are you a proper establishment?
This is why I'm always telling you guys, when you see people don't go through the effort of getting themselves FCA regulated for what they need to, then I'm telling you, how can you be certain that they have made the proper provisions to make sure that you as a client gets treated properly. Look, this isn't a witch hunt on DJ Coach cuz DJ Coach was normally says, "Oh, this is witches. They're always coming for me." But, we're just speaking facts.
In this whole video, we see there's a 100 rand. We see there the equity is 300 rand. But, have you seen the deposit? Have you seen the money leave the bank account? Those SMSs must also pop up, don't it?
And then, the other thing is the withdrawals and the re-deposits.
We haven't seen that. We're just seeing numbers change on a screen here. And with what we know now, we know that can be manipulated in a back office, DJ Coach.
So, my point with this video is be more transparent if you want us to see these things as real because me, I don't I don't see this as real at all.
Because if this was real, more people would be doing this other than just you.
And also, also, also, also, those guys that paid Deejay Coach for signals, how come we not seeing him sending signals to you guys, yeah? Are you even getting signals?
>> [laughter] >> But come now, Coach man.
Coach.
Coach.
Coach.
Just be transparent with it, my bro. You don't have to lie to be famous anymore, bro. We know you Everyone in this industry knows you, but pulling stunts like this, you have to stop it sometime, my bro.
Now you have to stop it sometime. Guys, thanks for watching. Smash that like button. Leave your comment in the comment section. Please do share this because there's still people that's falling for this kind of nonsense. And if you new here, I welcome you. Please do smash that subscribe button. I'll see you guys in my next one. Cheers.
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