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Joa,
I think you have over-stated some items.
Crown Forex may or may not have been criminal from the start, but they were a well respected broker before the cracks began to show. The company had high ratings at the FPA and elsewhere. All evidence pointed to it being well liked by the majority of its clients. It was licensed to operate in Switzerland, unlike most brokers with the word Swiss in their name. Later evidence points to Crown Forex getting into partnership with Universal Brokerage FX not long before the problems began.
The FPA was in close contact with Crown when complaints of delays in withdrawals began. I am proud to say that efforts by the FPA did help some investors recover their money before all withdrawals ceased. One of the FPA's invesigators helped bring together a large group of investors to seek their money and file complaints with the authorities.
Pharaoh was the one who wrote an article at the FPA calling attention to the problems with Crown Forex...
https://www.forexpeacearmy.com/forex-forum/general-forex-talk/3597-big-swiss-safe.html
You were the first to reply. You did point out some suspicious items, but did not label Crown as a criminal entity from the word GO in that post. If you had any real proof of it being a criminal organization, why would you have held back?
MT4 does allow retail forex brokers to cheat. It does not guarantee that all MT4 brokers do cheat. It does not guarantee that no NT4 broker passes trades directly onto the market. It does not guarantee that no MT4 broker hedges itself against the market.
More forex brokers are offering other platforms. cTrader claims to remove the ability of brokers to manipulate prices or interfere with trades in any way.
This thread was supposed to be about avoiding the dangers of binary options and brokers. Now you want to start a large debate every time you disagree with some side point,. This thread no longer serves its stated purpose and does not belong in the Scam Alerts folder. Since you want a general education thread where you can debate all the comparisons between forex and binaries, I'm now going to merge this into the binaries thread Roaming started.
I'd like to ask you to do 1 thing...
Contact some of the better regulated binary brokers. Use your skills to question them about whether or not they have liquidity providers.
I think you have over-stated some items.
Crown Forex may or may not have been criminal from the start, but they were a well respected broker before the cracks began to show. The company had high ratings at the FPA and elsewhere. All evidence pointed to it being well liked by the majority of its clients. It was licensed to operate in Switzerland, unlike most brokers with the word Swiss in their name. Later evidence points to Crown Forex getting into partnership with Universal Brokerage FX not long before the problems began.
The FPA was in close contact with Crown when complaints of delays in withdrawals began. I am proud to say that efforts by the FPA did help some investors recover their money before all withdrawals ceased. One of the FPA's invesigators helped bring together a large group of investors to seek their money and file complaints with the authorities.
Pharaoh was the one who wrote an article at the FPA calling attention to the problems with Crown Forex...
https://www.forexpeacearmy.com/forex-forum/general-forex-talk/3597-big-swiss-safe.html
You were the first to reply. You did point out some suspicious items, but did not label Crown as a criminal entity from the word GO in that post. If you had any real proof of it being a criminal organization, why would you have held back?
MT4 does allow retail forex brokers to cheat. It does not guarantee that all MT4 brokers do cheat. It does not guarantee that no NT4 broker passes trades directly onto the market. It does not guarantee that no MT4 broker hedges itself against the market.
More forex brokers are offering other platforms. cTrader claims to remove the ability of brokers to manipulate prices or interfere with trades in any way.
This thread was supposed to be about avoiding the dangers of binary options and brokers. Now you want to start a large debate every time you disagree with some side point,. This thread no longer serves its stated purpose and does not belong in the Scam Alerts folder. Since you want a general education thread where you can debate all the comparisons between forex and binaries, I'm now going to merge this into the binaries thread Roaming started.
I'd like to ask you to do 1 thing...
Contact some of the better regulated binary brokers. Use your skills to question them about whether or not they have liquidity providers.