Home Forex Fraud Alert: GreatTrade
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Forex Fraud Alert: GreatTrade

Some  scammers promise impossible infinite gains and never deliver. Others  create “brokerages” which are a one way street to lose money and invent all the details.

But these guys just  clearly copied details about another broker’s management team. I guess it seems more serious when you see faces behind a business, even if these faces are from someone else’s business.

The guys behind GreatTrade were not so great at  inventing their own people, so they just copied some of MahiFX’s management team. It begins from CEO and co-founder David Cooney and continues with several other members.

Just shameless.

Here is the original Our  Team page on the site of the reputable broker MahiFX:

MAhi Our Team


And here is the page of the scammers:

GreaTrade about us scam page


MahiFX has taken action to remove the web page of these people, but the wheels of justice grind slowly. The scam  story has also been highlighted by LeapRate

More:  7 Ways to Avoid Forex Scams

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.