Unless you have evidence its wrong to accuse a company. It's misleading and is the reason why its so difficult to choose a broker from the reviews of FPA
You could've at least said "I don't have evidence but I've heard ....."
The evidence that they have edited a trader's account history is in this thread:
https://www.forexpeacearmy.com/fore...x-took-back-400-usd-my-interest-earnings.html
I have read every single post about FIGfx on this web site, as I find it intriguing how such a borderline scam broker operates and how they spin things to make their own bad behavior seem Ok. I genuinely feel that Javier's posts are actually quite entertaining. I especially enjoy how he ridicules and insults his own clients.
Their target market I assume are naive newbie traders (like yourself?), yet when they ask for help they are treated like idiots!
Don't be so naive, Scott. You must be a beginner in the forex world if you can be swayed by their spin into thinking that FIGfx are a reputable broker, and if you find it difficult to find good brokers. I have opened real accounts with around 20 different brokers, including FIGfx. FIGfx are one of the worst, with bad attitude not only on this web site but also in Live Chat. If you feel that you've been cheated, you will have to fight for it to get your money back. Their 1 pip spread is a farce, as the slippage and requotes make it far more costly to trade.
They admit to using the Virtual Dealer Plugin, which intentionally delays orders so that if there is a movement in the price during that delay, they will pass on the worse price to the trader.
They will not tell you their true address, and their reason is that they are not obliged to.
They are unregulated. They may tell you that they in the process of becoming regulated, but there is no evidence and I suspect they don't care about regulation; if they did then they would not be able to do a lot of the things that they do to profit from clients.
They ban completely legitimate Expert Advisors like FAP Turbo and Forex Shocker, accusing those who use them as cheaters, probably only because they have been consistenly profitable in the past. I think they see all consistently profitable traders as cheaters, and if any kind of profitbale trading they come across doesn't fall under any of their existing categories of "cheating", they will make new ones.
They are a market maker broker, like a casino, so traders' profits are their losses. They are neither an STP or ECN broker, yet one of their articles state the advantages of trading through STP or ECN brokers:
DD vs. ECN vs. STP vs. NDD Brokers | Online CFD & Forex Trading Broker; Micro & Mini Forex Trading Accounts
Whatever happened to the ASUS T91 netbook that FIGfx supposedly were giving away back in November 2009 (
http://www.figfx.com/archives/news/20091030850/november-giveaway-asus-t91-just-say-figfx.aspx)? Basically in return for spamming the internet for FIGfx, the top spammer would receive the computer. the winner was to be announced in a special news release by 10 December 2009. I searched for such an announcement, but no winner was ever announced up to now. Possibly there wasn't even any netbook. Even if people did participate, I think they would have simply told every participant that they were unfortuantely not the top spammer.
It's not very difficult to find much more reputable and regulated brokers, such as Alpari UK, MB Trading, Tadawul, Oanda, and Interactive Brokers. Don't ever expect FIGfx to be amongst such brokers; FIGfx are one of the lowest of the low-end in the forex marketplace, seeking only losing traders, profiting from their losses whilst insulting them with a humorously bad attitude.
