View Poll Results: Have you been scammed by anyone in FOREX before?

Voters
2918. You must be logged in to vote on this poll
  • Yes - I have been scammed before

    1,561 53.50%
  • No - I have always been treated with honesty

    1,357 46.50%
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Results 121 to 130 of 150
  1. #121
    Join Date
    Oct 2007
    Location
    Ft. Lauderdale
    Posts
    1

    Exclamation CMSfx and all Bucket-Shops

    Tango,I've been with the Bastard crew since it's beginning and part of the Kingfx crew (Rob G) Nothing but compliments to both these guy's. Which brings me back to CMS. Love the charting and on screen trading. The platform is the easiest to use and work. Way better then MT4 or eSignal or Tradestation. MT4 , eSig and Tstaion are superior platforms when it come to programming and back testing . Way better then VT's. That said CMS as well as all Bucketshop brokers have and will slip spike data on their platforms as often as needed, they all will delay your orders when necessary (to suit their own need's) CMS has done it in the past to me and will continue to as well as all the other brokers. I'm small potatoes to them in the grand scale of thing's. Meaning $200K or $200.00 you will get screwed with to some degree. Fact of life for the retail trader. That's why I don't scalp trade. Go to NFA and check all the balance sheets and you will find CMS is in compliance. Not to sound negative but, I still like CMSfx and I still like Oanda (even if Oanda's charting sucks) Keep in mind ALL Brokers are the counterparty to YOUR trade. They are the Market Maker they are the rule book, your just the player. I truly hope Felix and Rob have something cooking that will in fact give us retail traders a leg to stand and fight on.
     

  2. #122
    Join Date
    Oct 2007
    Posts
    3

    Default you have my support!

    hi Felix... i'm with you all the way! IMO... your review sections are god-sent!
     

  3. #123
    Join Date
    Nov 2007
    Posts
    9

    Default

    Quote:
    Originally Posted by nqangel View Post
    Last week I posted the following message:
    I've been working with FXCM for almost a year without complains, but last week I was stopped out in two (Long) trades at 2.0410 GBP/USD at 16:05 EST time. My price charts only reached 2.0430 at that moment so I really don't know what to think. I'm waiting for a response from FXCM!!!!!!!!!!!!!! If some knows what to do in this case please let me know.
    Today I received an e-mail from an FXCM representative and they were right! I set my stop-loss at 2.04410 and where I wanted to set it was 2.0410, so the problem was mine and not theirs.

    Quote Originally Posted by TheWiz View Post
    I have found in my years of trading with reputable brokers that the mistakes were usually mine. Let's not make this a witch hunt with a lot of newbie whiners crying over something that they acutually did wrong. Instead lets go after the real crooks when there is good documented proof that they screwed somebody.
    FXCM are widely known crooks there setup is nothing to do with wanting people to earn money and make some them self from the pip spread they are bucketshop 100% pure and simple.
    Once you put money in them you will never make a withdrawal because you will lose it no matter what you do, if you had a real working verified crystal ball or time machine you will not make a withdrawal from FXCM.
    I was told long ago by someone who had worked there to stay well away, I thought oh yeah disgruntled employee just angry, so I opened an account and lost it within weeks due to platform freezing, stops triggering instantly, huge gaps and spread, stops being moved not by me take profits not being hit take profits being moved etc etc and so on!!! It was all over the place.Stay away from these crims.
     

  4. #124
    Join Date
    Oct 2007
    Posts
    2

    Default Refco

    Yes I have lost quite a bit with Refco andthey are in bankruptcy and no chance ofgeeting out monies back..They were partners of FXCM and ACM from Switzerland.
    Rumiguru
     

  5. #125
    Join Date
    Oct 2007
    Posts
    3

    Default

    Been stop-hunted 3 times tonight by FXCM. Pricks.
     


  6. #126
    Join Date
    Dec 2007
    Posts
    3

    Default

    50/50 chance of being scammed by a broker? wow!! do you find that it is easier to be scammed when news trading? id like to hear more stories on situations when scammed by brokers? ive only been live trading for a couple months and havent experienced anything yet but i dont news trade.
     

  7. #127
    Join Date
    Oct 2007
    Posts
    4

    Default

    He guys/girls,

    Just started trading this year, but I have to vote yes.

    I have had a managed account with 1world as well since July this year.
    the same one as "jpchapboy". I have about 5% left, but that is besides the point. The point is that 1WORLD does not want to return anybody's money at the moment. The fundmanager is suing them, as well the NFA is taking action.
    They probably (according fundmanager) have been messing with the trades, turned all positions around and more..as to be seen. The stupid thing is that at the time (July) I had doubts about 1world, cause several sources, including Felix's e-mail about brokers with unsufficient funds, warned me about brokers like them. The future will tell if i get my money back.

    On another note I have been very happy with FINEX. Great fills, even during news (No spread widening, just slippage ). Unfortunately all US customers have to close account before 31st of December, cause they have new cooperation with a german bank. I a couple of month's US persons can return.
    Which I will likely do.

    Regards...Hectopascal
     

  8. #128
    Join Date
    Jan 2008
    Location
    Texas
    Posts
    5

    Default

    I am victim of a forex scamming of a couple of years ago. Does anyone here remember a company called FX Trainer? It was a total scam company. I'm going by memory, but I think the cost was about $1000 to join and $120/month for their charts. You would figure by those prices that it would be world class info and charts that you would get. Guess again. The charts were overpriced and training they gave was pretty much basic forex stuff thay anyone could find on the internet for free. The head scammer (the big cheese/owner of the company) was a guy who claimed to be a great trader but never showed anybody any facts to back it up. However, that's beside the point. The point is this low-life ... the name of this crook is Zoltan Vass ... ripped of hundreds of people of about $2500 each (including ME!) for a trading robot that just did not produce results in any shape or form. Well, that's not entirely accurate. It did produce results - 100% NEGATIVE results! Not only was it a failure in making any kind of profit, the software had a lot of technical problems. Zoltan promised to refund eveyone, but instead he lied to everyone. He kept all the money, bought himself a fancy new sportscar (I can't remember exactly what it was, except that it was expensive), and then he folded the company ... keeping everyone's money. He has now started another forex company called "The Trading Post". From what I've seen on a forum review (I can't remember if it was a review on Felix's website or another website review) he -- Zoltan -- is up to his old tricks again scamming new victims.

    If anyone is thinking about joining his new company -- DON'T!!! Stay away from Zoltan Vass the evil clown! And I mean far, far away! This guy will one day pay for what he has done to people like me. Whether it be in this world or the next, he will pay!


    Topgun
    Last edited by Topgun; 01-01-2008 at 09:19 PM.
     

  9. #129
    Join Date
    Jan 2008
    Posts
    3

    Default Curatola, Forexvan, Vanderbelt Management Group, have you ever heard of them?

    I am from Argentina, my story is this... in 2004 my father and I put a considerable ammount of money in that ForexVan broker, we were introduced by a friend who guessed that a (then) financial advisor named Curatola, was giving his clients espectacular returns investing in forex (I talk about 100 to 300 coumpound return by year) this guy had a crew of so called technical analysts that presented him as one of the best traders ever in forex. The Curatola himself conducted every trade, he gave in 2004 a spectacular end of year dinner and party in the best hotel of Buenos Aires for at least 500 persons, had radio and tv programs, etc.the marketing was superb, their offices in Buenos Aires impressive, everybody could talk to him in his guru seminars, everybody knew his existence, and every investor was very very confident in him. By the same time our first ("*annualized" ) account grew from USD 50.000 to 270.000 by the end of that year -the marketing of the company and our statements said so- so we were very confident, too, and made another investment deposit 50000 USD in another type of account, not annualized but called "*high return", that offered more leverage than the first account, by the middle of 2005 that account showed a statement of USd410.000.
    They told us after they entered the trades, if long or short and when they exit, once claimed to catch more than 1.000 pips on the 2004 EURUSD rally.
    The comission fee of the Curatola was 30 per cent of total return, so they deducted it.
    Curatola acted also as introducing broker of a Panama based firm called Forex Van, that claimed to be property of a "Vanderbelt Management Group".
    As I Knew, Curatola had more than one thousand investors.
    By middle of 2005 after a not honored withdrawal request of half the money showed in the statements, we noticed that the Forex Van was under liquidation proccess, Curatola claimed that was a trap of some large financial institutions, but I read the Forex Van opening account agreement and money should be in segregated accounts, nobody has explain the investors situation.
    Then the Curatola guys said it was the D.E.A. that frozen the funds, but no official reply on that.
    There are a lot of criminal sues in Argentina for that fraud, but the guy is still free and the liquidators keep silence on the situation.
    The total -really- deposited or "invested" ammount of all clients is larger than 300 million U.S. dollars.
    So we are still nervous and without resolution.
    Last year, when I was talking to a FXCM representative, asked if they knew that situation and a supervisor told the representative that Curatola was also introducing broker for them a time ago, but not anymore due to false statements delivery to his clients. Glup, I said.
    **Of course, finally I did not open account with FXCM either because experienced a lot of slippage and stop hunting in their demo, but that is other matter**.
    Do somebody know something about those Curatola, Forex Van or Vanderbelt Management Group?
    Thanks in advance
    :unhappy:

    P.S. Where can I buy a .50 caliber sniper rifle?
    Last edited by diegoman; 01-03-2008 at 02:22 PM. Reason: more data
     

  10. #130
    Join Date
    Jan 2008
    Location
    Texas
    Posts
    5

    Default

    diegoman,

    Once you find that sniper rifle, can I borrow it? I also need to put it to use to take care of some "unfinished business" ... if you know what I mean, and I think you do.


    Topgun
     

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