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[Scam Investigations Committee]

We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that...

The FPA's definitions of scam include "Serious deception in the company's advertising." and "Other behavior that would be considered to be highly unethical by a reasonable individual."

Brian Johnston, principal of InterbankUSA, InterbankGroup, FxTrader engaged in the following behavior that seems very unethical to us.

He threatened to bring in a lawyer to force the FPA to remove a review that mentioned a link between InterbankUSA and InterbankGroup. He told the FPA that there was no relationship between these companies. We find that there is definitely a relationship of some sort between these companies. We futher feel that threatening unfounded legal action is a direct attack on the integrity of our system of reviewing forex companies.

When told of easily found links between the companies on the web, he made efforts to erase one of them from the internet on the same day.

He, or someone in his office, submitted a false 5 star review for a third brokerage, FxTrader, a company that is also clearly linked to him and the first two companies.

We further find that FxTrader's website has incorrect information about the NFA status of their clearing house. This is very misleading to potential customers.

We are also distressed to find that Brian Johnston was advertising to hire traders with "no experience required" and offering a substantial salary to "weak traders" to work for InterbankGroup and FxTrader.

Under the circumstances, we feel there is no choice but to find that InterbankUSA, InterbankGroup, and FxTrader are all scams. This issue may be resolved by the following steps:

1. We require that a full, complete, and true statement of any and all relationships between these companies be posted on all 3 company websites as well as on the FPA review pages for each company.

2. That all 3 companies and their owners pledge to never again interfere with the integrity of FPA's review system by submitting false reviews or by threatening unfounded legal action against the FPA.

3. That all 3 companies pledge that any information about themselves and any clearing houses they use be kept complete, true, and up to date.

4. That the standards for hiring traders be clearly posted on the websites of these companies so that customers will know what sort of traders they might be dealing with.


InterbankUSA, InterbankGroup, and FxTrader are all hereby blacklisted by the Forex Peace Army. We encourage our traders not to open accounts with them and to withdraw any money that might currently be in accounts with any of these companies.

The original complaint is here...
Multiple ethical issues with three related companies