Forex Broker Killer - What is all the fuss around him? - ( Reviewed ) 2024 - SA Shares (2024)

Forex Broker Killer - What is all the fuss around him? - ( Reviewed ) 2024 - SA Shares (1)


According to research in South Africa, renowned Forex TraderKgopotsoMmutlane better known as DJ Coach FBK and his team are known for publicly displaying their lavish and luxurious lifestyle by showing off expensive cars, gorgeous houses and wads of cash on social media – all associated with and accredited to their successful forex trading lifestyle. Thousands of young South Africans have chosen to invest a lump sum of cash in an attempt to live the same lifestyle displayed by their mentors.

What is Forex Broker Killer?

FBK Online Services is an online Forex strategies provider, who only offers members fundamental forex strategies which have been founded by Coach Kgopotso Mmutlane, who has over 4 years of experience in trading Forex markets.

Who is forex broker killer?

Kgopotso Mmutlane is one of the youngest and most successful Forex traders in South Africa and is best known for his claim that Forex trading has taken him from living in a shack to being a two-story homeowner. The 23-year-old is more popularly known as DJ Coach Tsekeleke and is amongst the youngest millionaires in South Africa, thanks to his trading and entrepreneurial skills. When it comes to South African Forex millionaires it is hard to give them a miss as he is brilliant South African Forex trader that serves as an inspiration for especially the younger crowd who want to join the industry. Kgopotso’s desire to excel was the driving force for all he has achieved over the years and his story will help other traders understand a few things about Forex brokers in South Africa.

Tsekeleke was born in a small village, Motodi near Burgersfort in Limpopo, South Africa and he is the founder and CEO of Forex broker Killer Institution. Tsekeleke is also an author, a serial entrepreneur, a trader, and philanthropist in addition to being one of South Africa’s youngest self-made millionaires. He studied and became an expert in Forex South Africa trading and he has an outstanding knowledge, faith, and experience in the trade despite his young age.

From expensive cars to a desirable bungalow, his Instagram posts make it clear that the young trader lives a great life which can only mean that he is making some great profit from his trade in order to sustain the lifestyle.

The foreign exchange market is the largest financial market in the world with over $6 .5 Trillion and well known for its high-risk nature, and high capital requirement. For this reason, it is mostly traded by banks and large corporate companies. But DJ Coach Tsekeleke has said to have simplified it and made it more affordable by giving free seminars and affordable classes.

“Forex is 90% risk, you willloseall your money, soon or late as the broker already knows how to play with your emotions and if you chose fundamental analysis, you fall within the 5% of the total winning side in the forex market. It all depends on the decision you take, always remember any mentor who has a relationship with any Forex Broker is a sell-out! Truth be told,” said DJ.

“Wehave real Forex traders and we have Instagram traders, there is a huge difference between the two. Forex traders teach beginners the reality of Forex, which is identifying the realenemy(forex brokers) and you will understand how the market operates, while Instagram traders always take you to certain brokers with weird links, that’s how your money gets chowed, you don’t lose they just take it.”

What is Forex Broker Killers Net Worth?

His exact net worth is unknown, but according to a YouTube video posted by the coach himself, at one time his FNB bank account stood at a staggering R40 million.

Another trader once complained online about losing 4000 Rands on Forex on a post made by FBK and the couch replied by saying that Forex needs patience, he personally has lost over 40 Million trading Forex. His house is worth around 5 million and with 22 cars, he probably has a lot more in his account. However, it’s super difficult to come up with an estimate of his wealth. He is known for sending random e-wallets to students and giving them large amounts of money, and on one occasion he was on the streets and handing out money. He once paid an amount of 23 thousand Rands cash from his own pocket for a car service on one of the episodes in his popular reality show.

Forex Broker Killer DJ Coach

During a recent interview he said that he always wanted to become a professional DJ. However, his parents who believed that this profession was against his Christian upbringing, did not approve. He used to sneak away to go and DJ without the knowledge of his parents and the locals enjoyed his mixes hence he the nickname – DJ Coach Tsekeleke.

DJ Coach has released a couple of songs featuring other artists.

Forex Broker Killer Reviews

Multiple Reviews have been done about DJ Coach Tsekeleke but traders will have a hard task to find any review that does not feel staged or untrustworthy. Many critics have called DJ Coach out as a fake, claiming he is faking his lifestyle and most people believed in him but that changed when he was interviewed on Radio and was asked on whether he is a millionaire or not, his answer: I am an aspiring millionaire, But he had claimed to be a millionaire multiple times.

However, the interviewer asked again to get clarity:

Interviewer: So, you are not a millionaire?

Kgopotso Mmutlane answered: No, I am not.

This made a lot of people sceptical of his wealth and he has been lowering the amount charged for joining the FBK mentorship, at some point he gave a 95% discount. To some this made him look desperate yet some still look at it as a kind gesture. DJ Coach has also said that not all the cars belong to him but they belong to the whole FBK family. The rest of the Forex mentors have also been called out for being fake.

According to him, he is only ‘hustling’ and not yet a millionaire. ‘Tsekeleke’ who’s known for his ‘One Minute Strategy’ forex trading technique told thePhat Joe and the Family hosts that he’s only ‘a millionaire under construction’.

So Why is this News?

DJ Coach and his team are very well known for publicly displaying their extravagant and expensive lifestyle showing off cars, houses, and money on their social media accounts – all associated with their forex trading lifestyle. And Thousands of young South Africans have invested a large sum of cash in Coach and his ways in an attempt to live the same lifestyle as displayed by their mentors.

Despite many users who are arguing that their lifestyle is ‘fake’, Coach keeps giving more and more statements and posts to showcase that he really owns everything. Tsekeleke’s denial to be a millionaire in turn raises a lot of questions on his current lifestyle and the properties showcased as his own. The houses and cars displayed on the team’s social media pages are worth a couple of millions Rands. Kgopotso told the Radio 2000 listeners that he doesn’t own the 22 cars. He counts cars as a collection, including those of his parents, family, and partners. “The whole story is to inspire and not to impress”, Tsekeleke said.

So, how much does DJ coach make on Forex?

According to Coach he only makes about between a thousand or ten thousands Rands, depending. Sceptical to those who has seen him trading Live and make tons of cash on videos shared – which in turn also raises concern to the legitimacy of his trading videos and the values shown.

Why then, is the show called FBK Millionaires?

According to the trader, the name was suggested by the TV channel, and not by him. The 24-year-old trader told the listeners – “It’s the channel that decides on the name and stuff, but they know our version that we are millionaire under construction”.

Considering the platform standard of the SABC Radio 2000, it would surely not be wise to tell recorded lies but it is much easier to lie on the streets and social media.Moja Love TV has cancelled the reality tv show without any notice and fans and followers of the show where shocked when seeing that the upcoming series will not be aired. Tsekeleke in turn told his followers that the show was cancelled because they lost their record tapes of the shows and did not have time to record others.

Forex Broker Killer Institution

The Forex Broker Killer Institution can be accessed by the official FBK website (https://fbkonlineservices.com/). FBK Online Services is an online Forex strategies provider, who only offers members fundamental forex strategies which have been founded by Coach Kgopotso Mmutlane, who has over 4 years of experience in trading Forex markets. The Forex Broker Killer Institution does not teach people how to trade but does offer general forex information which beginner traders can use to learn about forex, in the form of a Free pdf available on the home page. FBK online Services is owned by Mmutlane Traders pty (ltd) and is not a financial service institution and does not provide account management or investments. The Only information available to traders who are not signed up to the platform via the method of payment is the pdf overview of what Forex Trading is as a whole.

Signing up costs can be as little as R600 on a special offer and up to R5000 or more when the offer ends.

Forex Broker Killer one-minute strategy

This Forex Broker Killer one-minute strategy is based on the performance of existing members, who are using the forex one-minute strategy in conjunction with a modification’s strategy. The FBK team always say – “don’t judge us on our performances but our students performance” as forex is not a get rich quick scheme and traders need to understand fully what they will become a part off when looking into Forex trading and also understand what they doing before getting started.

Lifetime signals, life time mentorship, and the newly improved One-minute strategy plus Modifications of the one-minute strategy are only available to traders after joining the forex one-minute strategy platforms.

For Traders who wants more Information in regards to the Forex Minute Strategy or Modifications can contact the coach and his team via a multitude of platforms.

Facebook: forex broker killer edition

Instagram: forex broker killer edition

Call or WhatsApp 060 929 4089

079 945 7854

072 438 8328

072 501 8320

071 661 3566

Forex Broker Killer Strategy

A Free online lesson is made available in video form for Beginner traders but all strategies are reserved for paying clients.

Forex Broker Killer App

Contrary to popular belief – FBK does not offer any form of mobile app available.

Forex Broker Killer App for Download

As stated, there is no mobile app on offer via FBK and through confirmation with the company’s customer service department, and such claim is untrue and should be noted as a possible scam and be brought under the attention of the coach and his staff.

Forex Broker Killer Videos

FBK Millionaires

FBK Millionaires has gained huge popularity and a massive following in South Africa over the past couple of months and FBK Millionaires has their own reality show which airs on YouTube and was once aired on Moja Love. This millennial has also been seen on YouTube doing the most. He has had an interview with Samke Mhlongo, among others, where he was invited to talk about Forex Broker Killer.

In Conclusion

Trading in the foreign exchange currency market has become a popular pursuit for many market traders, especially amongst the younger crowd. As a result, a massive number of commercial products have surfaced to fill the information gap about how to use this trading market to make as much profit as possible. One of these tools is the trading software known as Forex Killer promoted by Andreas Kerchberger – a software which works by providing a signal designed to catch the trading trend.

The only catch is that traders need to know what they are doing in order to allow the software to help them make a profit. Those inexperienced in forex trading, shouldn’t fall into the false assumption that all they have to do is listen to what the Forex Killer software recommends and follow its advice. It is very easy to be back into a bad trade as it is to find a good one. Having a solid foundation in forex trading will help traders to be cautious when using any kind of mechanized system.

While Forex Killer is frequently successful in finding a trend, it does at times give signals too late for the trader to comfortably make a decent profit and this is where trading experience comes in. This is why so many people are not particularly impressed with this software, the coach and his crew. It doesn’t tell traders anything more than what their knowledge of the charts and so forth have already disclosed. What this means is that once the trend has been identified and the trade made, the trader should be knowledgeable enough to be able to check the charts for any major levels of support or resistance which the trade may encounter. Without being able to make these critical determinations regarding the support and resistance of price levels, a person could quickly find themselves in a losing position.

So, for beginners only beginning currency trading in particular shouldn’t fall into the trap of thinking that this software is going to be able to save their investment by always giving them timely information that will allow them to exit a profitable trade in time to preserve its profit. Traders may on occasion have to rely on other resources (in particular, past trading experience) to give you a heads up, according to research in South Africa.

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Forex Broker Killer - What is all the fuss around him? - ( Reviewed ) 2024 - SA Shares (2)

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

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Forex Broker Killer - What is all the fuss around him? - ( Reviewed ) 2024 - SA Shares (2024)

FAQs

Is forex broker killer legit? â€ș

In general, we do not recommend that traders utilize Forex Killer or any other forex trading robots. Basically, trading forex is not a method of getting rich quick. To trade forex profitably on a consistent basis you will need to devise and improve upon your own trading system.

Why do 95% of forex traders lose money? â€ș

Absence of risk rewards skills

Many traders get in on bad trades. They don't understand enough about the market and just invest in believing that the market will eventually go up. That is many times not the case and one should be aware of how to treat risk vs rewards.

Is the forex market manipulated? â€ș

So, while many regulations are set to prevent it, market makers manipulate forex through various means to increase their profitability. Market makers employ several strategies to achieve their goals through market manipulation.

Which is the safest forex broker? â€ș

Best Forex Brokers for 2024
  • IG - Best overall broker, most trusted.
  • Interactive Brokers - Great overall, best for professionals.
  • Saxo - Best web-based trading platform.
  • CMC Markets - Excellent overall, best platform technology.
  • FOREX.com - Excellent all-round offering.
  • TD Ameritrade - Best desktop platform, U.S. only.
Mar 30, 2024

How do you know if a broker is scamming you? â€ș

Verify their credentials and check for any negative reviews or scam reports. 2. Be wary of unrealistic promises: If a broker or trading platform promises guaranteed high returns with little to no risk, it's likely a scam. Remember that trading involves risk, and no legitimate broker can guarantee consistent profits.

Who is the founder of forex broker killer? â€ș

Kgopotso Mmutlane 🇿🇩📊

How much money do day traders with $10000 accounts make per day on average? â€ș

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].

What is the number one mistake forex traders make? â€ș

The Bottom Line

Averaging down, reactive trading to market news and volatility, having exceedingly high expectations, and risking too much capital are common mistakes.

Why do 80% of traders lose money? â€ș

Lack of trading discipline

This is the primary reason for intraday trading losses in the intraday trading app. Trading discipline has to focus on three things. Firstly, there must be a trading book to guide your daily trading. Secondly, you must always trade with a stop loss only.

Will forex shut down? â€ș

While there may be occasional disruptions or periods of heightened volatility, such as during major economic events or geopolitical crises, the forex market is expected to continue operating for the foreseeable future.

Will the forex market shut down? â€ș

Frequently Asked Questions about Forex Market Hours

The forex market technically never closes, but retail traders can only trade the hours between Sunday at 5:00 pm ET and Friday at 5:00 pm ET.

Should I stop forex trading? â€ș

If you are not consistently profitable, and your wins and losses are both the result of chance, or your system is not working, it is definitely time to quit trading with real money, but it is not necessarily time to quit trading FX altogether.

Which forex broker is best in USA? â€ș

What is the best forex broker in the U.S.? IG is the best forex broker in the U.S. in 2024. In addition to being regulated by the CFTC and a member of the NFA, IG is publicly traded, well-capitalized, and holds more regulatory licenses around the world than any of the 60+ forex brokers we review on ForexBrokers.com.

Who is the No 1 forex trader? â€ș

George Soros is undoubtedly one of the most successful forex traders in the world. His bold and aggressive trading style has earned him a place in history, and his philanthropic efforts have made a positive impact on many lives. However, his controversial reputation may not sit well with some investors.

Which bank is best for forex trading? â€ș

HDFC Bank is known for its wide range of forex services. It offers favorable rates for travelers and offers prepaid forex cards for international travel.

How do I know if a forex trader is legit? â€ș

Some of the most reputable regulatory bodies for forex trading include the US Commodity Futures Trading Commission (CFTC) and the UK Financial Conduct Authority (FCA). You can verify a trader's licenses and regulations by checking their website or contacting the regulatory body directly.

Are there any legit forex bots? â€ș

The Hedge Forex Robot is a fully automated robot software for forex trading that trades based on a hedging strategy (this means buying and selling at the same time) paired with trend analysis. This bot is appropriate for both beginners and advanced traders, due to its simplicity in use and set-up.

Does forex really pay? â€ș

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

What is the forex broker killer one minute strategy? â€ș

The Forex one minute strategy is a scalping strategy, which is a very popular approach that can be profitable for those who implement it correctly. Forex scalping is a trading style used by Forex traders to buy or sell a currency pair and then hold it for a short period of time in an attempt to make a profit.

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