Forex Peace Army in iFXexpo Asia

Romas

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Hi Guys,

Packing my luggage for the trip to Macau - iFXexpo Asia starts on Jan 21st.

I'm anxious to speak with broker reps. There will be many good ones, yet few scammers too.
Especially worth mentioning Abdel Rahman El Omari from CommexFx.com Brokers Scam of the year 2012 winner. They are wifi sponsors and will have a booth in the show.
Hope I get a chance to meet Omari and ask how he feels knowing that one trader's mother died because of him... (more details here)


Forex Peace Army hooked up with Dukascopy TV. All attendees will be interviewed and asked a few questions.

I will post interviews and updates here, come back to see them or hit orange button above to get email notification.

Romas

UPDATE 2014 02 03 - interviews released:

Romas Jurecius, ForexPeaceArmy - yes it's me :)

[video=youtube_share;6nmxixNmWTc]http://youtu.be/6nmxixNmWTc[/video]


Raj Sitlani, Sucden Financial

[video=youtube_share;yYpkpRIK94Q]http://youtu.be/yYpkpRIK94Q[/video]


Alain Broyon, Dukascopy Bank

[video=youtube_share;OCicMHSjoAs]http://youtu.be/OCicMHSjoAs[/video]


Vishal Kapoor, xDirect

[video=youtube_share;W4Nx_QuCgvA]http://youtu.be/W4Nx_QuCgvA[/video]


Mitch Eaglstein, Boston Prime

[video=youtube_share;bWeG44E-ucs]http://youtu.be/bWeG44E-ucs[/video]


Lars Seiers Christenson, Saxo Bank

[video=youtube_share;i8RVI147ewE]http://youtu.be/i8RVI147ewE[/video]


Andy Kwong, BWC Capital Markets

[video=youtube_share;f5vEIcyWs3M]http://youtu.be/f5vEIcyWs3M[/video]


Erez Romas, Forex Magnates

[video=youtube_share;GWKvxOH-56U]http://youtu.be/GWKvxOH-56U[/video]


Athol Nourse, Synergy FX

[video=youtube_share;s36T0uRRuH0]http://youtu.be/s36T0uRRuH0[/video]


Andrew Budzinski, IC Markets

[video=youtube_share;0x2xIUmAvxU]http://youtu.be/0x2xIUmAvxU[/video]


Glenn Stevens, GAIN Capital

[video=youtube_share;ZJBs_AHnxjc]http://youtu.be/ZJBs_AHnxjc[/video]


Graeme Watkins, One Zero Financials

[video=youtube_share;UMeU1cyvfzY]http://youtu.be/UMeU1cyvfzY[/video]


Shawn Dilkes, Forexware

[video=youtube_share;24Kg-vMKBZk]http://youtu.be/24Kg-vMKBZk[/video]


Demir Savatli, DominoForex

[video=youtube_share;eWL-8Wf26xc]http://youtu.be/eWL-8Wf26xc[/video]


Christian Frahm, CFH Group

[video=youtube_share;Pf28yHOvZ4w]http://youtu.be/Pf28yHOvZ4w[/video]


Piotr Drzewiecki, X Open Hub

[video=youtube_share;B375fEo4GqI]http://youtu.be/B375fEo4GqI[/video]


Roy Hen, iFX EXPO

[video=youtube_share;ps8hz5ATfeg]http://youtu.be/ps8hz5ATfeg[/video]


Rajesh Yohannan, OANDA

[video=youtube_share;6jSfcXiUxCI]http://youtu.be/6jSfcXiUxCI[/video]


Drew Niv, FXCM

[video=youtube_share;mHEBtJLc_Gs]http://youtu.be/mHEBtJLc_Gs[/video]


Manjit Singh, TradeNext

[video=youtube_share;Rd1CneooGFA]http://youtu.be/Rd1CneooGFA[/video]


Thomas O'Reilly, FXDD

[video=youtube_share;nQSLSOpWD_s]http://youtu.be/nQSLSOpWD_s[/video]


Mushegh Tovmasyan, Alpari

[video=youtube_share;ONGs9xgp_94]http://youtu.be/ONGs9xgp_94[/video]


Diana Munoz, CommexFX (AsstModerator Note: CommexFx has a SCAM Finding from the FPA)

[video=youtube_share;vBQAbBzvv6M]http://youtu.be/vBQAbBzvv6M[/video]



[video=youtube_share;m53Q7C1SZEA]http://youtu.be/m53Q7C1SZEA[/video]
 
Last edited by a moderator:
Romas... the irony is that ifxexpo is sponsored by tons of scam (forex and binary options) brokers most of them located you-know-where. Add to this given the way forexmagnates has changed (after discovering a gold mine) + their recent somewhat confusing financial dispute resolution which presents a clear conflict of interest.. well, i'll stop here. Just be careful walking into the thieves den. Omari is just a small fish you are after
 
You should use a hidden camera if you wish to interview some of those criminals and share the recordings later.
 
Yes there are few more bastards there. But I do not think it is really fair to call one scam just because they are registered "in that place"... Nor I think it is fair to call all binary options scam just because they are binary options... In my personal opinion binary option is a gambling, not trading. If person wants to gamble and broker plays it "fair" I don't see a problem... I don't understand those gamblers, same as I don't understand casino addicts - but that does not make all casinos a scam...

Speaking about binary options - I am surprised how many there are in the show, more than FX brokers for sure... Looks like they are growing like a mushrooms after rain...

Could you please explain a bit more about forexmagnates?

Romas... the irony is that ifxexpo is sponsored by tons of scam (forex and binary options) brokers most of them located you-know-where. Add to this given the way forexmagnates has changed (after discovering a gold mine) + their recent somewhat confusing financial dispute resolution which presents a clear conflict of interest.. well, i'll stop here. Just be careful walking into the thieves den. Omari is just a small fish you are after
 
First day

So the first day is over:

- there were quite a few trading platform representatives. I talked to most of them and here is one interesting thing: you know about the plug-in for MT4/5 that allows brokers to manipulate prices right? So yes - they all claim not to have such tool, but that's not whats interesting - interesting part is that all these companies told me the same thing - nearly all brokers do ask for such tool. They told me some names and honestly I am shocked... I can't tell those names because I do not have a hard proof on hands, but I really had a much better opinion about those brokers. This is how platform reps quoted some of them brokers:
"not that we need this tool, but is there a possibility, just in case"
"you can't earn money without manipulating prices"
and so on...

- I've met one very interesting guy - he teaches how to use and optimize EA's properly. Personally I am not a big fan of EA's, but this guy is really possessed with them and he is willing to share his knowledge with FPA members - would you guys be interested to get such information here on FPA? (for free of course :))

- There also were 2 companies which potentially are interested to help FPA's traders court with legal advice's and similar - nice!

- Dukascopy TV wants to produce videos about some scam cases, most common ways of scams and similar. And they would distribute these videos for free helping even more traders around the globe - isn't this cool?

More to come shortly,
Romas
 
So the first day is over:

- there were quite a few trading platform representatives. I talked to most of them and here is one interesting thing: you know about the plug-in for MT4/5 that allows brokers to manipulate prices right? So yes - they all claim not to have such tool, but that's not whats interesting - interesting part is that all these companies told me the same thing - nearly all brokers do ask for such tool. They told me some names and honestly I am shocked... I can't tell those names because I do not have a hard proof on hands, but I really had a much better opinion about those brokers. This is how platform reps quoted some of them brokers:
"not that we need this tool, but is there a possibility, just in case"
"you can't earn money without manipulating prices"
and so on...

So each broker denies using the Virtual Dealer Plugin, but says most of the other brokers use it?

- I've met one very interesting guy - he teaches how to use and optimize EA's properly. Personally I am not a big fan of EA's, but this guy is really possessed with them and he is willing to share his knowledge with FPA members - would you guys be interested to get such information here on FPA? (for free of course :))

Sounds interesting to me. :)
 
The show is now over. It was quite exciting.

I have arrangements with few companies/individuals that will share their knowledge on FPA.

I talked to Omari and to my big surprise he actually promised to pay back money to the clients. He just asked not to make a big publicity out of this which kind of makes sense. I have taped his promise on video - let's see if he is going to keep it.

Dukascopy TV interviewed over 20 people from top management of various countries. They've asked me a few questions too. I will post all interviews here within week.

Romas
 
...Add to this given the way forexmagnates has changed (after discovering a gold mine) + their recent somewhat confusing financial dispute resolution which presents a clear conflict of interest...

Oh you mean thefinancialcommission.org Yes big potential for conflict of interest, brokers pay them monthly fee so they would judge all the disputes between brokers and their clients. I guess the time will show.
 
I talked to Omari and to my big surprise he actually promised to pay back money to the clients. He just asked not to make a big publicity out of this which kind of makes sense. I have taped his promise on video - let's see if he is going to keep it.

Omari made and broke countless promises. He's a pathological liar who enjoys playing with people. I think he kept some sort of scorecard on how many times he could dangle hope of quick payments followed by another fake excuse.

Of every scammer I've ever dealt with since coming to the FPA, he's the worst. From his point of view, human beings and human lives are worthless in comparison to the money he can steal.

Even if he pays back every trader with interest, he still has a trader's dead mother to account for. I look forward to the day when I hear that he has been imprisoned for his crimes.
 
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