Your friend obviously does manage min 5000 euro with all the risk you can take someone. And rather charge a commission (say 10%) of profits. Obviously do own stakes, but does not want to commit all his capital. So share the risk to customers with a reasonable fee. I do not see any fraud. So we all work. What is worth seeing if you deal with this rather trader, are samples of his work, eg how many took to the system that works in 11 etc. There is no scam, however, unless you want the money in hand. I think you open an account eg SAXOBANK, all in your name and they do manage. This also happens is that the traders working black dld not appear anywhere. This is something that should tell you. Do not swear, but without knowing,. Yields of 30% is for fun, but only for those who know.