@ Siprian:
What do you mean by the Mia491 Investments Passive Income trading community?
We lack the details. Generally, copy trading itself is safe as long as you follow a trader with a good profit track record.
What you need to pay attention to is whether you have to deposit funds to a certain party whose regulations are unclear or not, so there is no guarantee of the security of your funds, for example to a broker with unclear regulations, etc.
Hi, I was offered copy trading MIA491 with the Fintechfx broker. I have read that we should be careful with scam brokers. I have been delaying joining until now it's been about 1 year and I can only see my friends already having passive income from there (+/- 800 million/month). I am a rather careful and calculating person. However, before I decide to join, I want to ask the masters here about the security of this fintechfx. According to them, they are regulated by 2 regulatory bodies, namely ASIC and NFA. What is important to me is the NFA with id number: 0509912, and its status is Exempt Commodity Pool Operator, Exempt Commodity Trading Advisor. What does that mean? And is Fintechfx (My Group Fintech Co Pty Ltd) properly regulated by the NFA? Thank you
@ Ery:
- … I would like to ask the masters here about the security of this fintechfx..
Regarding this FintechFX broker (My Group Fintech Co Pty Ltd), please read this Q&A section.
A Commodity Pool Operator (CPO) is an individual or company that receives funds from parties to be traded in the commodity markets.
A Commodity Trading Advisor is a trading consultant who typically provides recommendations to hedge fund managers and individual traders.