[Neo]

I feel I should share with the group that you should all beware of Haba and his "managed account" service. I'm not sure why his thread is locked, I would have posted there instead, but for whatever reason it is locked. (Ash, if you're reading this, can you please look into it?)

I was silly enough to entrust him with my account of $3,150. I bank wired him (I should say "them", as the bank account is a joint account with 2 people's names) $315, which was 10% of my account size at the time, as they require a 10% fee to begin trading the account. Long story short, less than a week later my account was blown to $0.

After making initial contact and sending them my money/account password, I did not hear back from them once. I have written 5 emails (even before the account was blown) and attempted multiple times to contact him via Skype...but to no avail...they just did not answer. The first couple of days looked rather promising as you can see from the attached pics, there were some big wins, but I wanted to ask them at one point if I should close the trades they had taken at important news that were going very badly. I did not want to pull the plug on the trades myself as I had no idea what they were basing their entries on.

I don't believe that Haba (Moch) actually trades the account himself...at least not alone. I monitored the account as it was being traded (The GU is the only pair they trade)...and there were some rather odd trades entered, like 15 minutes before NFP news, which resulted in a 300+ pip loss. There were trades entered around the clock, middle of the night, middle of the day, etc. The style of trading was hedging with multiple sell stops and buy stops pending and multiple buy/sell orders active at the same time. If my broker did not allow hedging, I'm not sure what would have been the result of their trading style. I suspect that they use EAs to enter their trades as they seemed mechanical...one entry right after being stopped out of another, etc, unless they had someone sitting at the computer in shifts...but many of the entries were at the most terrible places, like at the top of a strong upwards thrust and vice versa.

I suspect that they doctor the MT4 stats that they have on their site and profile, as there were TONS of losses when it came to "real life"...HUGE losses while they traded my account. I will post pictures of what the stats really look like--at least on my account.

Well, I'm $3,465 poorer and feel like I've been taken for a ride. Hopefully my experience will help others not fall into the same predicament. I went into this situation thinking that I couldn't afford to lose anymore money...as it was all borrowed on a credit card anyway...and so thought that by giving my account to a "professional", that I could dig myself out of the hole I already was in.

Regards,
Neo