FBS Problem

aurelians

Recruit
Messages
1
My name is Stroe Aurelian Alexandru and my wife i am opened 2 trading accounts in FBS.Accounts received bonus 60%.Account was trading in different day, different hours,different volumes and not simutaneously never.Shown in history transactions in the two accounts.The only problem is trading same ip.The 2 accounts trading in second stage.First date trading 2 accounts and lost all money in each and second date trading 2 accounts and winning in each. In date 18.08.2014 accused us violated conditions promotion 60% bonus and all profits canceled in 2 accounts(total=12500usd).Fbs Broker is Big Scam for traders.Fbs is old Poltekfx scam broker of 2007-2008.
They accuse us of hedging between the two accounts but can sameone explain me how do you hedge on different days, different hours, different volumes and never open transactions simultaneously in two accounts.Can be seen in the transactions history in the two accounts.If sameone explain me that can, i am agree losing money on FBS.
Waiting replies for you ! Thank you for understanding !

I do not recommend this broker for trading !!! Scam !!!
 

Pharaoh

Colonel
Messages
19,994
This one is going to come down to exactly what the terms on the bonus say.

If the elusively talk about inter-account hedging to move the bonus from one account to another, you've got a very good argument.

If the terms separately forbid multiple accounts from the same postal address or the same IP address, they pretty much win by default.

In general, most brokers do forbid large percentage bonuses to the same postal or IP address because of the possibility of inter-account hedging.

The best solution - skip bonuses entirely. All of them come with many strings attached.
 

Master Yoda

Captain
Messages
2,929
Personally I won't deal with any broker who offers such a high bonus. It just shows how this broker makes his living
 

SCAMBUSTERZ

Banned for uncivilized conduct
Messages
72
Why is FPA advertising this type of bucketshop broker in the first place? They are a train wreck waiting to happen. It will only serve to make FPA look bed as a certain unamed broker who ran off with people's money did even Sive was promoting an easy to see bucketshop, so why allow it specially when you know better as you have stated?
 

wanrupeng

Recruit
Messages
32
Personally I won't deal with any broker who offers such a high bonus. It just shows how this broker makes his living

Well, Eddiger, it seems I'm not the only who's having problems with FBS - does that exclude me from the crazy nuts list? :)

(And thanks for your help so far though I still haven't had any of my money back from FBS, even AFTER we signed the Settlemet Agreement that FBS offered...)
 

Amin EL-HAKIM

Master Sergeant
Messages
306
Regretfully, you have to read and understand every term and condition of their bonus. If a term in unclear, ask them to clear it first. Most brokers with bonuses have a term saying literally that they are allowed to revoke any profits as they see fit.
 

Amin EL-HAKIM

Master Sergeant
Messages
306
Why is FPA advertising this type of bucketshop broker in the first place? They are a train wreck waiting to happen. It will only serve to make FPA look bed as a certain unamed broker who ran off with people's money did even Sive was promoting an easy to see bucketshop, so why allow it specially when you know better as you have stated?

Although FPA reviews are biased, it's important to know that the FPA survives on ads. The more popular it is, the more ads will cost and generate. There's the cost of hosting, web design, etc etc. So unless a broker is proven a scam, there is no reason to terminate their campaigns. If you find that a broker is shady, it's your choice not to work with them. Up till the moment, FBS has tried to solve all their cases. Please refer to Assistant Moderator to point out what are the definitions of a scam broker. Being shady isn't one of them.
 

SCAMBUSTERZ

Banned for uncivilized conduct
Messages
72
That is BS, FPA conflict of interest, they are suppose to protect traders not sell them out. Very sad to see...
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,613
That is BS, FPA conflict of interest, they are suppose to protect traders not sell them out. Very sad to see...

The FPA does not support or endorse advertisers. Advertisers support the FPA.

Reviews don't moderate themselves. Forums don't administer themselves. The number of man hours the FPA uses trying to resolve issues and get traders paid is large. Hosting a website of this size and complexity isn't free. Protection from DDoS attacks and hackers isn't free, but it saved the site from multiple attacks in the last 24 hours.

Would you prefer that the FPA charge a membership fee or fees for posting complaints? How much should the FPA charge for assisting in email negotiations with companies? How much are you willing to pay to end the need for advertisers?

A large part of my job is to contain any possible conflicts of interest. My forums login blocks banners, so I often don't even know who has an active ad contract. The same applies to review moderator logins. If I do know that a company is advertising, then it gets the worst interpretation for any reviews that are borderline instead of the best.

Before a company gets to negotiate a contract, I'm told. I give one of 3 answers...

1. Yes
2. No
3. Smaller, shorter term contracts only.

I base this decision on how I've seen the company perform so far in terms of reviews and also how they've handled complaints. The sponsorship of Sive's gold signals was a small contract of short duration. It was renewed at least once. There had been no serious complaints at that point.

After that, I don't bother to check and see if the ad department closed a deal or not.

When a company does get into severe trouble with the FPA, I ask the ad department if there's a contract. If there is, this doesn't save the company. Instead, I tell the company that their contract may be suspended or cancelled if they don't get into good faith negotiations to resolve issues with FPA members. If that doesn't lead to real negotiations, I'm the one who gives the orders to suspend or cancel the contract. I've done it before. I'm sure I'll do it again.

If I wanted to sell out, I could have retired years ago. I'd be a rich man now if I didn't turn down 100% the bribe attempts.

Please stop dragging this thread off topic. Instead, go ahead and start your own free forex reviews and forums site. Make sure to provide everything the FPA has and more. Avoid any possible connections to any company which might later scam clients. Once you show how much better your site is than the FPA, I'll apply to come work for you.

If that doesn't suit you, I have another proposition for you. Quit your job and spend your time finding companies that you are certain will never scam FPA members or go bankrupt in a way that takes money from traders. Then convince these companies to sign big advertising contracts with the FPA. Make sure to pledge to all FPA members that you will make certain that the companies you get contracts from will be enough to keep the FPA going. I also expect you to pledge that you will personally cover any losses from future scams or bankruptcies from any of these companies.

How soon do you think you can start?
 

SCAMBUSTERZ

Banned for uncivilized conduct
Messages
72
Try to focus more on protecting users instead of just making money from advertisers, use some common sense with who you let advertise - example CapitalOneForexScam

The FPA does not support or endorse advertisers. Advertisers support the FPA.

Reviews don't moderate themselves. Forums don't administer themselves. The number of man hours the FPA uses trying to resolve issues and get traders paid is large. Hosting a website of this size and complexity isn't free. Protection from DDoS attacks and hackers isn't free, but it saved the site from multiple attacks in the last 24 hours.

Would you prefer that the FPA charge a membership fee or fees for posting complaints? How much should the FPA charge for assisting in email negotiations with companies? How much are you willing to pay to end the need for advertisers?

A large part of my job is to contain any possible conflicts of interest. My forums login blocks banners, so I often don't even know who has an active ad contract. The same applies to review moderator logins. If I do know that a company is advertising, then it gets the worst interpretation for any reviews that are borderline instead of the best.

Before a company gets to negotiate a contract, I'm told. I give one of 3 answers...

1. Yes
2. No
3. Smaller, shorter term contracts only.

I base this decision on how I've seen the company perform so far in terms of reviews and also how they've handled complaints. The sponsorship of Sive's gold signals was a small contract of short duration. It was renewed at least once. There had been no serious complaints at that point.

After that, I don't bother to check and see if the ad department closed a deal or not.

When a company does get into severe trouble with the FPA, I ask the ad department if there's a contract. If there is, this doesn't save the company. Instead, I tell the company that their contract may be suspended or cancelled if they don't get into good faith negotiations to resolve issues with FPA members. If that doesn't lead to real negotiations, I'm the one who gives the orders to suspend or cancel the contract. I've done it before. I'm sure I'll do it again.

If I wanted to sell out, I could have retired years ago. I'd be a rich man now if I didn't turn down 100% the bribe attempts.

Please stop dragging this thread off topic. Instead, go ahead and start your own free forex reviews and forums site. Make sure to provide everything the FPA has and more. Avoid any possible connections to any company which might later scam clients. Once you show how much better your site is than the FPA, I'll apply to come work for you.

If that doesn't suit you, I have another proposition for you. Quit your job and spend your time finding companies that you are certain will never scam FPA members or go bankrupt in a way that takes money from traders. Then convince these companies to sign big advertising contracts with the FPA. Make sure to pledge to all FPA members that you will make certain that the companies you get contracts from will be enough to keep the FPA going. I also expect you to pledge that you will personally cover any losses from future scams or bankruptcies from any of these companies.

How soon do you think you can start?


Stick to protecting the community not advertisers... Absolute power corrupts absolutely...
 
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