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Report: #1312092

Complaint Review: Lang Investment Group - Internet

  • Submitted:
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  • Reported By: mwmattwilliams — Laguna Hills California USA
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  • Lang Investment Group Internet USA

Lang Investment Group Lang Capital Investments/Gerhard Lang Lang Investment Group/Gerhard Lang Forex Money Management Ripoff/Scam Germany Internet

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Lang Investment Group is operated by Gerhard Lang and was formally called Lang Capital Investments.  He advertises his company as a Forex Money Manager and boasts 30-50% returns. He requires an intial $200 to trade your account and then takes a 30% commision of your profits.  He blew my account before I ever got to pay him commissions. I gave him $2000 to invest and the first few weeks he greatly impressed me with the profits.  I was left very uneasy however after observing that he did not trade with ANY stop loss and used an EA (which is a robot). By the 3rd week he drew a huge negative position and tried to "hedge" by creating multiple counter trades to bail out the loser.  The losing trades remained open and got better and worse for a few more weeks before he completely blew the entire account.  You can view the trading results of my account that he traded here: myfxbook.com/portfolio/langea/1658333 from 5/03/16-6/14/16.  After blowing my account he asked me to newly fund it and promised he would make back what I had lost.  I ended up researching further online and found he had already been negatively reviewed before through Forex Peace Army forexpeacearmy.com/public/review/www.langcapitalinvestments.com and others had the exact same results as I did.  Unfortuntely I missed this the first time because he was operating under Lang Capital Investments and then changed the name to Lang Investment Group.  If you view both websites you will see the content is identical:  langcapitalinvestments.com and langinvestmentgroup.com  His name is Gerhard Lang and he also has a profile on fiverr selling his services:  fiverr.com/gerhardlang  Buyer beware and save your money. He is not an experienced trader.  He boasts 5+ years of experience but he uses an EA and treats it like he is gambling with your money.  Unless you don't mind having your account blown, I would stay away.  

 

 

This report was posted on Ripoff Report on 06/18/2016 09:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/lang-investment-group/internet/lang-investment-group-lang-capital-investmentsgerhard-lang-lang-investment-groupgerhard-1312092. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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