Beware the "Account Management" Trap! "Guru" with Pakistan IP Blows Account and Blames "Brother"

"Extremely high returns," "professional account management," "investor password as proof"—behind these tempting pitches often lies a carefully orchestrated scheme. Recently, a trader exposed to the community that they were scammed by a "Forex Guru" whose IP address displayed as Pakistan. After handing over the account for management, it was liquidated within just a few hours. The excuse given was shocking: "Your account was handled by my younger brother."

The "Account Management" Black Market Behind Overseas IPs

A specific group of "traders" is active in Forex social circles. They usually possess polished social media profiles, flaunting screenshots of high profits, while their IP addresses often trace back to regions like Pakistan, Nigeria, or Southeast Asia.

Under the guise of "Account Management," they gain trust through so-called "investor passwords" (view-only access) to lure inexperienced investors into handing over their account credentials. However, this is often a one-way street to wealth extraction.

According to the exposure, the trader encountered a "Forex Account Manager" on social media whose IP showed as Pakistan. The manager was extremely enthusiastic and, to gain trust, proactively provided a so-called "investor account" to prove his prowess.

As seen in the provided chat screenshots, this "Guru" sent jaw-dropping account details: "Deposit $50,000, Profit $115,000, Withdrawal $112,000." Under such solemn promises, the victim let their guard down. However, out of caution, he selected a small account for the "Guru" to test the waters, agreeing to observe the operation process first.

The disaster struck faster than imagined. On the very afternoon the account was handed over, it suffered a devastating blow. According to the complainant's trading records, the account had an initial balance of $124. Subsequently, the "Guru" executed multiple Buy and Sell orders on XAUUSDm (Gold micro lots) within a short period.

Around 2:30 PM, three consecutive Sell operations resulted in catastrophic losses: -70.01, -67.93, and -44.78. Ultimately, the account balance was left with only $0.44, signaling a total liquidation.

Absurd Blame-Shifting: "My Brother Did It," Deposit $1,000 to Recover

When the complainant discovered the liquidation and angrily questioned the trader, the "Guru"—who had previously promised "amazing results"—gave a staggering explanation: "It was handled by my younger brother... I am not fine."

This is not an isolated case. According to the victim, many traders in the group heard similar excuses: either "a partner made a mistake" or "I was too busy to check." Regardless, the responsibility for the liquidation never lies with the "Guru" himself.

After shifting the blame to his "brother" and belittling the victim's account for being too small, the scammer revealed his true colors, making an even more outrageous demand: asking the complainant to deposit another $1,000 to recover the losses.

This type of "account management" scam is persistent and follows a standardized "harvesting" logic: scammers often use demo account data or modified MT4/MT5 screenshots to fake profit records. The so-called "investor account" is likely a product of survivorship bias or an account where floating losses are hidden.

Once they have the client's account, these "managers" often engage in heavy-position, no-stop-loss gambling. If they win, they demand a high commission (usually 50%). If they lose, the client bears 100% of the loss, and the scammer simply blocks the client to hunt for the next victim. For them, it is a "zero-risk, high-reward" business.

BrokersView Reminds You

There is no such thing as a free lunch, only traps. If you have encountered similar "account management" scams, please submit your complaint to BrokersView.