We came across a video presentation called My Forex Lifestyle, in which a bunch of guys claims that their courses and autotrader for binary options and Forex can make you money.
But we quickly found a big reason to stay away from it.
Copy Profit Share is a paid service, the initial fee is $200 and then you pay from $145 to $5000 per month. Access to the CPS Autotrader comes only with the higher versions.
So what’s wrong?
When we started to investigate My Forex Lifestly and Copy Profit Share closely, we noticed the first major problem – there is absolutely no contact information whatsoever. It also means that this service has no license, which makes it illegal.
Especially when it clearly is targeting US citizens. To provide investment services like Copy Profit Share, you need a license from the national regulator. And these guys obviously have none.
This fact has been confirmed recently by the CFTC, which put Copy Profit Share on a warning list.
We believe that My Forex Lifestyle and Copy Profit Share will not make you any money nor will they teach you how to trade profitably.
My Forex Lifestyle promotes Copy Profit Share, which is a blacklisted investment service by the CFTC. Stay away from it!
The harsh truth is that if you want to make money in trading, you have to devote a lot of time to training on a demo account and to learning. You have to build your own profitable strategy.