FXLifeStyle is ‘trader porn’ on steroids. Images of exotic sports cars, piles of cash, screen shots of supposed winning trades, gold watches, fancy vacations, fake investor reviews…its all here. And its all nonsense.
At first glance, most folks would spot this as an obvious scam. But remarkably, TradingSchools.Org has received 12 complaints since January 1, 2017.
Somehow, someway, this clever con artist continues to fool investors typically aged 18-25.
For this Forex auto trading service, the end result is entirely predicable. He wins, and you lose.
The owner is a sad and pathetic human being that should be hunted down and treated like the animal that he is.
Thanks for reading today’s review of FXLifeStyle
What is FXLifeStyle? FXLife is a Forex educational company, also 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.Org 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.Org is writing about this ridiculous con artist. Why even bother?
Well, you would be surprised…TradingSchools.Org has received 12 complaints since January 1st. Truthfully, after the first couple of complaints hit my email inbox, I thought to myself–whom would 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 a result of random chance. If the victim is ‘lucky’ enough to begin trading the signals and actually begins earning profits, then FXLifeStyle immediately begins pitching additional trading signals (super secret signals) that can be auto-traded. But in order to gain access, the victim must deposit additional funds into the trading account.
The largest victims of the scam started with very small forex trading accounts. Once a few winning trades were executed, they were only emboldened to deposit larger and larger sums through their credit cards.
Eventually, the Forex broker begins to win and drain the account. Low and behold, the Forex broker will then offer an account bonus of 20% to 50% 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.Org 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.
This is true. I just lost $1000 because of this person.
have you joined in fxlifestayle ?
please explain to me
I also fell victim to this scam broker. They kept on asking me to deposit more money. Then they stopped picking up my calls! After loosing more money to lawyers and what not, I was finally able to recover my money with the help of a professional. Lesson learn’t! I’m happy to share my experience. Feel free to reach me on tgermaine173 at gmaiI dot com
I heard the same review word-for-word on different website… So is this your actual review or just the way to throw shade on this company?
Now you want my name and email address to I spam me an attempt to sell me something now? How ironic that you think your competition is a scam!
can you explain to me about fxlifestyle.com ?
are they scam or not ?
i need a confidence
This is an absolute truth, I was lucky enough to test his terrible signals on my demo account. Please people don’t be gullible this guy has no remorse on scamming your hard earned money off you.
I’d like you to investigate the Wizards I mean the likes of Linda Raschke, Jim Dalton, Mark Minervini etc. All these reviews are for small caliber guys….
+1 for wizards in market wizards series. I always wonder if they all were really good in trading or was it all cooked up, as have heard not so good stories about many of them.
These folks combined have probably ripped people off for millions. So not so caliber if you were one of the folks they ripped off.
I thought somebody would bring this up but many people were drawn to trading by the Market Wizards books. Then when they couldn’t make money their own way they’d turn to educators. There’s always the argument that yes, all those desribed by Emmett are liars but the wizards are real deal.
I remember the first time I read the Wizards book. It’s like the Dr. Suess of trading books. It totally captures the imagination. And it hit the scene at just the right time. Like a popular rock band.
There are more and more of these bozos each week. I am noticing some even joining forces to mask their history and make it easier to move from place to place.
As long as the markets remain strong and active , it will lget worse before it gets better.
Nice job finding another douche bag …
Finally, emett is going after more and more of these forex turds but this is only the tip of the iceberg this niche is riddled with scum. I love how the results section is typical of most of these guys http://www.fxlifestyle.com/FxLifeStyle-Forex-Results/ no verified portfolio links just profit screen shots from a demo platform or phone. 40$ a month what a joke baby pips has more info than this guy will ever give.
Please tell me these guys will end up in jail with a new prison love affair. They deserve no less. Oh but wait, why ask for proof right. Just like the Axia futures post, no need to show proof. This business holds everyone to high standards. Emmett I think we reached a point where no reviews are necessary anymore. This business is 100% scam artists. Low life douche bags, that couldn’t get a job or even pass a course at a community college. The true dredges of society.
Please people wake up before you risk your money anywhere. All of these carnival acts can go fck themselves and they will get what they deserve one day if not right away. Karma is a fickle lady. It will be sweet to see them go down in one way or another one by one. No one is innocent, even if they are just selling some dvd’s. No they are selling a bs fantasy that can turn into a nightmare very quickly and take young guys years to recover. Losers and they know it every time they look in the mirror.
“This business is 100% scam artists. Low life douche bags, that couldn’t get a job or even pass a course at a community college. The true dredges of society.”
About time!!!! Last time you were at 99% or 99.9%.
You would think that an industry of nothing but swindlers the regulators might crack down. But I am starting to think if they did that then they would not have that cushy Gov’t Job with all those sweet benefits.
And if you think it is bad in US, gee in some of those countries there seems to be almost no regulations. True buyer be ware.
His recommended brokers are located in Tbilisi, Georgia which is a Eastern Europe as you can possibly be and also in Limassol, Cypres. Both Georgia and Cypres are well known locations for fraudulent FX brokers. What Emmett hasn’t mentioned is that even if the victims made money if they try to withdraw it they will be met with excuses, silence and finally refusal from the brokers. You may as well spend your money on wine, women and song at least you’d have a pleasant memory.
StrayDogTrades trader porn attached.
You can use any broker, he just suggest a few
” Emmett I think we reached a point where no reviews are necessary anymore. This business is 100% scam artists.” I have been thinking about this since some time & i totally agree with Mike, just reviewing trading rooms with same results will/is making this website stale. I think Emmett should include more of other topics like discussing strategies ( like he has done a couple of times) , talk about trading products (like he did for datafeed providers) etc etc. Maybe have a poll page on what readers would like.
Wow I am surprised thought I was the only one. Definitely would help to expand content. The chances of catching lightning in a bottle …..as Rob would say…..has the same odds as winning power ball. However, it still provides a service for someone that is not privy to the level of deceit in the business. It is necessary, but for veteran readers, it has gotten stale to read about the same strategies used to bilk retail. Emmett truly is providing a valuable service and I commend him on that.
Here is the really sad story, even with all these articles folks post, “Can you please review Con Artist (my words) Trading Room X”. Like somehow all the other ones might be scams, but this one is not. So until no one ever post that again, Emmett’s job is not done.
Oh Rob, please just stop it right there. Wait a holy minute. My FantasyTradeRoom dot com has not yet been reviewed, so all of you who cannot trade should not be stopping Emmett from endorsing me, because I know how awesome we are.
Just to remind all of you who have forgotten, here is what our awesome room is like.
“Lord knows, after being on this blog, I now know that there is nothing I can say that is too outrageous to get the suckers (ahem, “valued customers”) to just hand over their money for some of my nonsensical promises.
Let me see. Trade /CL for 3 ticks a trade. 99.9777% win rate, equity curve goes straight up with no dips. We shall do this every day and take out money like a salary. At least $400 per day. For 250 trading days a year that is cool $100k for a year. Oh, before I forget, you need only $3,000 to start.
1. Unyielding ability to fantasize about coming profits, even after losing many trades in succession.
2. Inability to do simple arithmetic, because 20 losses out of 25 trades must be believed to be a 99.9779% win rate.
3. Willingness to add multiple times to losing positions, until the account is blown up, after which you must replenish it.
4. Willingness to send in multiple checks to the broker, to cover margin calls.
5. Unwillingness to believe that any trading room is teaching fantasy.
6. You have to come to tradingschools.org daily to shill about my magical trading abilities, and the massive profits that you are making.
7. You must be willing to recruit vagabonds to beat up Rob B if he dares to criticize our magnificent room. You will find and pay someone to do a skip trace to find him.
Hey, if we are going to do it, why do it small? We shall go big. $997 per month. After all, that is less than 3 days of our salary-like profits.
Now, let us see. Just send the initial subscription to IWantToBePartedFromMyMoneyByRidiculousFantasy at paypal dot com.”
Coming soon is our world-acclaimed, NoLose Trading Course. We shall price it at a small $7.000. Just think of all the money that you are going to make after taking our awesome course. What is a mere 7k upfront investment in your limitless future?
I said it is necessary for Emmett to continue with reviews for exactly the reason you stated. People just don’t know what they are up against, the den of thieves. However, Amitc made a great point about adding diverse content. The only problem he will need more vigs. LOL.
I totally agree! LOL.
Want to start reviewing software platforms: what goods, whats bad, and everything in between.
And what about trading books? Wow, what a swamp. That might be fun.
And trading strategies and market bias? Sounds good to me!
Truth be told, I get drawn into so many of the negative reviews because of the flood of personal emails that people send. It pulls on your heart.
“Want to start reviewing software platforms: what goods, whats bad, and everything in between.
And what about trading books? Wow, what a swamp. That might be fun.
And trading strategies and market bias? Sounds good to me!”
– All the ideas you mentioned above are good Emmett & will provide a variety to people visiting your website. Why this is important – if you look at history, success in a business is like a mountain, it reaches peak & then if there is no innovation it starts declining & eventually shuts down. eg Blockbuster(movie), Blackberry(phone), Hostess(bakery) etc etc
“Truth be told, I get drawn into so many of the negative reviews because of the flood of personal emails that people send. It pulls on your heart.” – Yes i understand your situation & you have done an excellent job exposing the scam artists of this industry. if there was any trader worth his/her salt then by now that person would have come forward with proof & asked for a review as it’s no brainer that it would have helped such trader’s business tremendously, the fact that nobody has come forward speaks volumes about these trading rooms operators.
Again, your post was spot. Every point you made I entirely agree with. I believe Emmett is working on expanding the site as we speak.
Thanks Mike, good to know that.