Problem NRGBinary.com & Alfa media group LTD

[Pharaoh]

Because it takes 3 Traders Court guilty verdicts to get a scam finding. So far, only 2 people not only filed cases, but stuck around to see them through. The few others who filed then disappeared, never to be seen again.

 

[trader_a]

so how to identify a good broker? it seems the scammers are not marked at all as long as not having 3 guilty verdicts. right? does this make sense?

 

[Pharaoh]

Good question. The FPA implemented a policy to require not just complaints, but complaints with evidence where the person complaining was subject to questioning by FPA members and the company had every opportunity to present their side. This was done to prevent one or two questionable issues from wrecking the reputation of a company that was not truly a scam. The bad part of this is that if the company can find ways to keep people from filing and following up on public complaints. Legal threats against the trader and/or promises to pay "soon", but only if the complaint is dropped, are the usual methods used by bad companies to do this.

And there's another issue. Even a good broker can turn bad. When they do, for some reason, they fail to advertise this on their websites. The only way anyone finds out is to either be scammed or to read where others report getting scammed. Even if many clients are scammed at once, it can take some time before enough of them get around to escalating their complaints to the Traders Court.

Because of this, although FPA Scam Findin0sg are very useful, they won't instantly identify all bad brokers. So, you need to do some of your own research. You should check the FPA's reviews and Scam Alerts folder to see if there are a significant number of complaints. Don't just look at the star ratings and subject lines, read the reviews and forum posts.

Some complaints need to be ignored. Even a great broker will annoy someone sooner or later. I've seen people scream SCAM because a withdrawal didn't come within a couple of hours. I've seen people scram SCAM over a few pips slippage during a major news release.

What you are looking for is a pattern of very bad things. Profitable trades cancelled long after being closed are very bad things. Long (sometimes eternal) delays in withdrawal is something that sets off all sorts of major alarm bells.

 

[trader_a]

I still think there should be a differentiation between "good" and "bad" brokers. in the overview of brokers I cannot find any differentiation. this is misleading a could cause that people of this forum still open accounts with NRGbinary. I do not think this would not be supportive at all - not for the victims and also not for the new traders who wants to start trading.

 

[Pharaoh]

Look at the reviews and check Scam Alerts a couple times a week. If you do that, it's easy to tell if a broker is good, bad, or good yet heading in the wrong direction.

Isn't NRG's current 1.071 star rating enough? Does it really take a scam finding to scare someone away from depositing?

Oh wait - look at all the new complaints against UFX, Capital One Forex, and YouTradeFx. Scam Findings, Good vs. Bad lists, and 1 star ratings don't help if people don't bother to read them.

 

[A7MED0]

Hello everybody,

NRGBinary opened new website that called www.titantrade.com

So watch out from this website, don't be new victim to this Mafia.

Good luck

 

[Pharaoh]

What do you have to link them? Post screenshots of all the evidence before it disappears.

 

[A7MED0]

Check the screenshot attached.. Also nordextrading - NORDEX Trading is on of there companies.

 

[Pharaoh]

Great screenshots! Looks like Nordex and Titan are definitely connected to NRG.

 

[EmilyC]

Hello,

I am also a victim for NRG, similar to
A7MED0, but no reply from them at all.
So poor!