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Baron Forex 100% SCAM

Discussion in 'Scam Alerts' started by Angelawang0726, Aug 4, 2010.

  1. Angelawang0726

    Angelawang0726 Recruit

    Joined:
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    Dear Traders,

    I signed up an IB agreement with Beron Forex (BFX) on 19th/07 and my first client Sarah deposited 26,000 opening an institutional account with BFX on 25th/07. According the IB agreement,

    1) My client would get 1 pip rebate if she completed 1000 lots. It means BFX will credit $10,000 to her account.
    2) The rebates on the IB agreement are:
    0 to 249 lots = 0.5 pip
    249 to 499 lots = 1 pip
    500 to 749 lots = 1.5 pips
    750 plus = 2 pips
    3) The trading volume begins as soon as my first client does the first
    trade and is calculated 24/5 in real time and the commission bank
    wires are sent on the 30th day of every month.

    My client Sarah completed 557 lots on 26th /07 and on her way to reach 1000 lots to have 1 pip rebates.

    BFX didn’t have any intension to give Sarah and I any rebates. BFX started to change IB agreement becoming:

    1) There is no rebate for my client even she completed 1000 lots.
    2) I only can get 1 pip rebate after my client completed 1000 lots and my client need to deposit another $24,000 deposit, otherwise I can’t get any rebate at all.

    We are forced out of BFX with ridiculous new IB agreement. My client Sarah were forced to close her account with BFX with the lost $5,656 ( She only got $20,344 back). I did not get any commission from BFX and my client did not get any bonus.

    BFX is 100% Scam Company!! Stay away from them!! I am going to file the documents to report their regulator.

    Angela--Australia
     

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