A traders wet dream, or; how to spot a margin trading scam

When you see something like this your first thought is generally “OMGOMGOMG I can buy that and fly 1 jump and back and make 10m isk!” Lets look a little harder though.

The buy order was only issued for a day, which is quite unusual. Its also quite unusual to pay DOUBLE the next buy order in price. Only a madman would.

What is happening here is a margin trading scam. Basically, the scammer puts up bait items which you buy with the intention of selling to a buy order. The issuer of the buy order has the margin trading skill trained to 4 or 5, so they can create buy orders while only putting a small amount of money in escrow.

I think they may have messed up here though. At level 5 margin trading they have to put up 24% of the order in escore. 0.24 x 32m x 4 = 3072000. Ok, so they didn’t mess up. Well played, almost got me twice there!

V

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One thought on “A traders wet dream, or; how to spot a margin trading scam

  1. donno, I would say legit, since you could have listed as a sell order in Amarr for 30 mil. Also it did not have some of the typical Margin Trade Scam details, the most important of all the profit made form selling the item/s need to be greater than the 25% needed for the escrow, I would definitely be suspicious if the market buy order had a minimum quantity of more than one. But you never know, maybe there is an angle here I’m missing…..

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