"...
what i love about forexpeacearmy, i like to see how brokers follow up the allegations, and there are some good stories in the scam section".
...And there are a few traders who used illegal means to trade and, when got caught out, come in here to the FPA and try to extract payment from the broker with a potential scam findings.
...And then there are those impatient "hotshot newbie traders", after making humongous profits from a demo account with a bucketshop broker, start a real live account without even bothering to find out broker's background, and then come crying here at the FPA that they have been scam....and expecting the FPA to act like a local police station and to "go down the road" to arrest the bucketshop broker registered somewhere in Timbuktu.
In such cases, though it may sound harsh, these "hotshot newbie trader" need to learn the hard facts of life in the forex world.
The all time favorite is: "The broker representative
forced me to deposit money into the account and I felt so scared that I do what he/she asked."....yup, the internet world is a scary place indeed!
Since we have "Scam broker of the year award" and others, perhaps Assistant Moderator would consider "Most ridiculous scam report of the year award", or something to that effect!