Review of "Market Makers" Telegram Channel – A Very Risky Scam Aimed at Newbie Traders

Introduction: The Illusion of Credibility

The Market Makers Telegram group appears respectable on the surface - with over 132,000 subscribers and a history since November 2020, it presents itself as an old-established trading community. The channel's high activity level (15+ daily posts) and steady engagement (20,000 average views per post) contribute to this illusion. But there is an incredibly sophisticated scam operation working behind this appearance, one that targets retail traders systematically by psychological manipulation and statistical illusions.

Channel Overview

Telegram Channel Link - https://t.me/mmsignalsfx

Feature	Details
Channel Name	Market Makers
Launch Date	3 November 2020
Subscribers	132,919 (large but likely inflated)
Posts Per Day	~15 (highly active)
Average Views Per Post	~20,000 (indicates some real engagement)
Social Media/Website	None (anonymous operation)
Main Market	Gold (XAU/USD)
Trading Style	Scalping (minute timeframes)
Free Signals Per Day	1-2
Signal Format	Entry zone (up to 40 pips wide), 3 take profits, manipulated R:R reporting
Claimed Win Rate	"High" (but actual backtest shows 29%)
VIP Service	Yes (upsells with unrealistic performance claims)
Risk Advice	5-10% per trade (extremely dangerous)
Free Education	No
Real Person Behind?	No (anonymous, no transparency)

The Bait-and-Switch Business Model

The firm has a carefully planned bait-and-switch business model. The 1-2 daily "free signals" are loss-leaders, deliberately set up to underperform expectation while artificially generating the illusion of value. Our 7-month minute-by-minute analysis confirms these free signals have a success rate of only 29% - far short of breakeven, especially when combined with their artificially inflated risk-reward proclamations. This deliberate underperformance serves a very valuable purpose: it funnels desperate buyers to their paid VIP service, where more egregious dishonesty awaits.

The VIP marketing tactics share the classic scam traits of implausible 100% win rates and fake 25-trade winning streaks. These statistically improbable results are achieved through selective reporting and over dishonesty. The station also employs a number of psychological triggers in their VIP promotions, including pseudo-scarcity ("only 3 positions available!") and social proof (phony testimonials), all designed to short-circuit rational decision-making among potential subscribers.

The Mechanics of Deception

At its core, this scam is a sophisticated system for manipulating trade statistics. The 40-pip wide entry zones are not a trading technique - they're an accounting trick. By failing to define this enormous amount of discretion in entry points, the manipulators can retroactively realign to the most advantageous price levels, inflating seeming performance artificially. Similarly, the three-level take profit configuration is not prudent money management; it's a cover for actual performance measures through partial exits.

Their advice to risk 5-10% per trade reveals their true motives. This isn't terrible advice by any means - it's mathematically guaranteed to destroy accounts. With a 10% risk per trade, just 7 straight losses (a virtual lock given that they have a 29% win rate) would destroy half of a trader's bankroll. It's a risk profile that only benefits the scammers, since panicked traders will most likely purchase VIP memberships following devastating losses.

The Psychology of the Scam

What makes this scam work so well is that it exploits cognitive biases. The channel employs:

• Survivorship bias by showcasing only profitable trades

• Authority bias by employing professional-looking charts and technical terminology

• Confirmation bias by involving subscribers to focus on the occasional wins while ignoring successive losses

• Sunk cost fallacy by involving traders to "stay with the process" in losing streaks

The operation's anonymity is a psychological weapon in itself. Because no known individual or group is operating the channel, victims don't have anyone to hold responsible when false hopes are not delivered. This facelessness also provides the scammers space to revamp and resurface using different names when their current operation gets into trouble.

The Harsh Reality for Subscribers

Markets following this channel are headed for inevitable financial destruction. The 29% win rate, overblown risk-reward assertions, and aggressive position sizing amount to a recipe for account blow-ups. Even those who may experience short-term profits are effectively positioned for the kinds of losses that are truly devastating, as the mathematically based advantage of the strategy ensures failure in the long run.

Perhaps most insidiously, the channel design induces the victims to blame themselves, rather than the service. When trades go awry (as they must statistically), the customers are told that they "executed poorly" or "failed to follow the plan exactly." This psychological game-playing prevents victims from noticing the systematic fraud being perpetrated.

Conclusion: A Call for Vigilance

The Market Makers channel is the worst of the unregulated trading signal industry. Its anonymous operators, faked records, and exploitative practices are the worst reasons traders must be most careful with such services. The whole business model of the channel is based on mathematical certainty - that in the long run and sufficient trades, nearly all its subscribers will be losers.

0/10 TRUST SCORE

For the genuine aspirants to trading education, the solution is easy: avoid so-called sellers of signals who are anonymous, demand audited histories, prioritize risk management, and focus on developing personal trading abilities through effort rather than shortcuts that don't work. The harsh truth is that successful trading requires hard work and self-discipline - something no Telegram signal provider, especially not one as openly fake as Market Makers, can ever provide.