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Have you been a victim of a Forex Scam?

Discussion in 'Scam Alerts' started by Administrator, Oct 25, 2007.

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Have you been scammed by anyone in FOREX before?

  1. mohdayub

    mohdayub Recruit

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    So far OK

    I started in forex by using Marketiva. Lost some money but managed to withdraw once. At first was quite complicated and confusing by marketiva admin. I have to close all open position to withdraw. Then I wanted to withdraw by egold but was not allowed because I deposited by wire transfer. Finally I got it by wire transfered to my account. I tried to change to InterbankFX because they are using metatrader platform and have mobile trading. Never able to withdraw because lost in trade many times. Finally now I trade with Liteforex because they are using the same trading platform. I like this broker because they have local agent in my country. It is easy and convenience for me to deposit/withdraw my money. So far so good and efficient. Hopefully they will maintain thier good performance.
     
    #31 mohdayub, Oct 26, 2007
    Last edited: Oct 26, 2007
  2. spiderman

    spiderman Recruit

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    I've traded only a small amount of money on FXCM. I haven't been a very successfull trader, but I don't have the time to do the necessary research to make a serious attempt. I've never been ripped off, at least not that I could tell, but it seems like 48% of people who trade forex get ripped off. I don't know about anyone else, but that doesn't appear to be an acceptable level of loss for consumers in any business. I would like to see a list of reputable dealers listed and stear our members their way. I believe if you want to kill the enemy without bullets or artillary, you cut off their food and water supply and eventually they will perish or surrender. My two cents.

    Off the subject, but has anyone heard of or used "Freedom Rocks" (InterbankFX)? Thanks.
     
  3. FXTrader

    FXTrader GainScope Representative

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    I use Northfinance (3 years) and also MB Trading (1 year), both of them are okay and no problem with their deposit and withdrawal. I satisfy with them.
    (I use Northfinance for technical trading, and MB Trading for news trading)

    but before I use this brokers, I use marketiva and it is very bad and terrible...
    I know that marketiva is only for newbie that use a small money.
     
  4. mik

    mik Recruit

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    mik

    Hi Felix,
    I'm new on FX, but I see many posts with bad information about some of the brokers. Currently I have a deal with ODL. All I can say is that they do not let me trade on the news release. If you say that so many people are being scammed by their brokers, what can we do and how? Thank you for what you are doing.
     
  5. Tcrico76

    Tcrico76 Recruit

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    I'm in agreement with nqangel. I have been with FXCM for the better part of a year. Ironically I have also been stopped out on more than one occasion. Or a couple of times the TP hit but for some reason there was no liquidity at that instant. But on the flip side there was plenty of liquidity when stopped out. If anybody can give me some advice on who they feel best, I would appreciate it. I'm looking at Finex,MB,Oanda, and Dukas Copy.

    At any rate I'm behind Felix and the rest of the crew 110% we work hard for money we make, and I dont mind taking my beating when were playing on an even field, but I get seriously pissed when a scumbag is trying to steal it right out from underneath me.
    I'm ready when you are!
     
  6. SergVl

    SergVl Recruit

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    Hi everybody! I can not say anything definite about a scam because my experience in this sphere is a very short. But the job you,Felix, do is very usefull for us. Keep on moving in this direction, please. Traders from many countries visit your site and get vital information.
    with Greatest respect, Sergey.
     
  7. Gomaz

    Gomaz Recruit

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    Being Scammed

    I have filled out the poll.

    I have checked "Yes" for being scammed as there was only a yes or no choice.

    However I have traded through CMC Markets and whilst I could say I have not actually been scammed by them, I have certainly had my run ins with them, with the out come being rather dubious at best.

    I have reluctantly given them the benefit of the doubt.

    So whilst as I said I chose "yes" for having being scammed the only other choice was being dealt with fair and honestly and I would have to say I'd struggle to say that about CMC
    HS
     
  8. Lezard

    Lezard Recruit

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    I am all for joining the Forexbastards army.

    These brokers are like casinos, and need to be shown that the traders should be the ones controlling the market, not the casinos.
     
  9. cpartners

    cpartners Private

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    Scams

    Hi Felix,
    Thank you for the great word you are doing for us. I have not been scammed yet but it sends a chill in my stomach to realize how these brokers can misuse our heard earned cash.
    I fully support your effort.
    Regards
    Cpartners
     
  10. funraiser

    funraiser Recruit

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    Abso-bloody-freaking-lutely I've been scammed. Got the screenshot saved to prove it. Was hunted down like a wretched witch. When I called them on it, they flatly denied doing so and tried to make me sound like a moron by telling me that I misplaced a trade. BTW, the broker whose first init is a Big-O has not attempted the move again yet.

    Let's turn the tables on these *$#%@ and make them eat humble pie.
     
    #40 funraiser, Oct 26, 2007
    Last edited: Oct 26, 2007

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