Hi community,
A broker contact me online and asked me whether I am interested in trading online. He will manage my account and put his knowledge to make me profit but in return I have to send me 25% of profit that he made.
He suggested me to activate 2FA. and provide him username + password of exchange (for example bitfinex). Due to 2 factor authentication (2FA) he will not be able to withdraw fund he will be able to place buy/sell orders only.
Please share guys what is your opinion, It is same to play like this? or Is there any trick of capturing fund behind this scheme?
Your money is safe if you have full control over it. So it's a BIG NO-NO to entrust your hard-earned money to brokers, who promises to make it grow for you. It's like you are allowing them to fry you in your own lard. They actually make huge bucks out of your own money, much more huge than the profitability that they promise you. What they will give you is just a tip. And what makes you think that they will really succeed in making your money grow? What if they lose, so what's the deal now? For sure, they will refuse to fulfill what was agreed upon earlier, and the worst scenario is if they ran with your money. Just come to think of it! If they can make your money grow for you, then why can't you for yourself, right? All it takes is the guts. Just trust yourself.