fpa scam finding

Grand Theft E A IV Metai steals the code AND uses the other company's validation server EA Pirates come in many forms. Some set up a website and sell cracked copies of EAs. Some hack an EA and sell it under a new name. I thought I'd seen all the variations. It turns out that Metai Forex...

CDH Forex The CFTC Ends a Scam The FPA tries to warn people to carefully check out managed forex accounts before investing. Sometimes the scammers are just a little too convincing. In this case, they convinced investors to part with over $2.2 million. It started with the NFA shutting...

Red Alert on Red Uluru Companies have been known to go to all sorts of trouble to submit fake reviews to the FPA. This keeps the review moderators very busy weeding out the fake reviews that are mixed in with the real ones. It's not an exact science, but they've been doing it long enough to...

Green Tree Capital – Don't Gamble on This Scam A lot of investors don't have time to manage their own money. That's why some of them hire professional account managers to trade forex for them. The biggest risks with an account manager is that he might treat trading as gambling or that he...

InvestTechFx, how many more excuses can you think of? InvestTechFx already had a colorful history with the FPA's reviews and Scam Investigations. In 2009, they posted fake reviews for themselves. In 2010, they got so bad about demanding that negative reviews be removed before sending money...

JadeFx shut down by the CFTC The complaints started on March 2nd in the reviews. A number of reviewers reported issues connecting to JadeFx's MT4 servers.. On March 7th, FPA member Horacio Ofman reported in the forums that the Jade FxLtd's website was down and that metatrader wouldn't connect...

Prime4x – More Promises than Payments Gerard and I flipped a coin to see who would get to write this. I lost. It's probably fair. I spent more time on this than he did, and I stopped him from submitting Prime4x for a final Scam Investigations Committee vote more than once. First, let me...

The FPA doesn't normally send out warnings about broker withdrawal issues before a formal scam finding. It's only been done one time before. That was the Crown Forex case, which ended with a scam finding and large amounts of money lost. I have tried very hard to work with Prime4x to resolve...

4SqA.com and Danny Wall, the Master of Stall FPA member Vincam thought his forex investment was a sure thing. It was supposedly a “guaranteed pool” run by Danny Wall of 4 Squared Analytics. All went well until Vincam requested to withdraw $1000 owed to him. Vincam reports that after...

OneCorpFX – Passing the Buck and Keeping the Cash OneCorpFX – Passing the Buck and Keeping the Cash OneCorpFX.com aka OCFX aka One Corporation Forex Financial Group was a well rated forex broker. It had a 4 star rating from the FPA. Then something went wrong. FPA member Aladar complained to...

BForex can't keep their story straight But decided they can keep this trader's money Ibham1 had an account with BForex and another account with one of their whitelabels. He says he didn't even know that the WL was part of the same company. He made good profits on his trades. Then his...

DragonPips – Why won't they refund the money? DragonPips advertised in the FPA's forums, with the subject line “Dragonpips.com - $1,000 Exploding Into $78,352,326”. FPA member Aussie2010 found that it only blew a hole in his wallet. Aussie2010 was so impressed by the claims on the Dragon...

Panamoney - Help in the hunt for the missing cash Panamoney was one of the longest running HYIPs listed in the FPA's reviews. Some people complain that HYIPS shouldn't be listed. The problem is that many HYIPS claim to make their money trading forex. New traders can easily mistake these...

beatsforexdotcom has a lot of Fx Robots and sell them all as low as $20... you can visit it if you like. We've been spamming the FPA's forums since February of 2009. We're stupid enough to break forum rules and break the law. We also hope you are stupid enough to send us your money before...

Amin El-Hakim is a nice guy and a very good forex trader. He's been scammed many times, and is trying to be much more careful selecting his broker. He found one that was NFA registered, but still got scammed. ACTCFX is registered under NFA # 0232831. This was listed on their website when...

ForInvests.net is now nominated for Scam Broker of the Year 2010 We've seen a lot of cases of brokers misbehaving. Among all those bad brokers, the ForInvest Group has gone to great efforts to stand out. FPA member RahmanSL asked about ForInvest in the FPA's forums. He wanted to get in...

RBCForex.ru takes profitable trades, leaves losses for a trader and more Have you ever wondered if some brokers really only cancel profitable trades and leave the losing ones? Amin El-Hakim doesn't. He has an account with RBCForex.ru. Like many traders, he didn't read the trading rules very...

SigmaForex or SquidmaForex? Tentacles in Your Wallet by Pharaoh I'll keep writing until they pry my cold dead fingers off the keyboard. I'd like to thank the FPA Scam Investigations Committee for giving me this chance to help out and write up something about a broker that has caused problems...

EMPfx was a very well rated broker. Back in October, they announced that the brokerage was closing and that all clients would be paid. Payments were received by some and not others. The FPA Forums Team contacted EMP fx on October 29th and asked what was going on. EMPfx support wrote back...

Trevor Cook and Patrick Kiley: Partners in Crime By Pharaoh It looks like Pat Kiley and Trevor Cook have finally pushed their luck too far. The SEC has charged them with raising about $190 million, lying to clients about segregated accounts (while putting money in accounts they own under...