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2008 Forex Broker Scam of the Year Winners
There were only 3 candidates. All were more than worthy of this award, but only 1 could win.
In third place, for grabbing 100% of an account when success pushed a trader to a different leverage level, plus for offering to settle for only 5% of the amount taken later is MoneyForex.com.
In second place, for accusing 2 traders of wrongdoing, grabbing their profits, promising evidence and delivering none, InstaForex.com.
And now, our first place winner. The only company to ever get 3 separate scam findings. For...
1. Grabbing over $160,000 of profits from a trader.
2. Setting a record for fake conversations in forums promoting their service and for hate blogs attacking the FPA.
3. Confiscating about $3,600 in profits from a trader for inactivity and "hostile activity", posting the traders name on hate blogs, and more...
The 2008 Forex Broker Scam of the Year Award goes to...
ForexGen.com
The 2009 non-Broker scam polls are still open. I'll be posting the 2009 Forex Broker Scam of the Year poll in a few minutes.
