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iForex.bg/Zifx.com threatens the FPA

Discussion in 'Forex Articles' started by AsstModerator, Jan 13, 2010.

  1. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    iForex.bg/Zifx.com threatens the FPA

    Moderating reviews is hard. Companies try to leave fake reviews promoting themselves. Rarely, a company will leave fake reviews trashing the competition. One constant problem is that almost every day, someone writes a review or emails the FPA complaining about other reviewers. These people either love or hate a company. If they hate a company, they assume that all the good reviews were left by the company. If they love a company, they assume that all the bad reviews were left by competitors.

    The truth is that people will have different experiences with a company. One reviewer's last withdrawal may have taken 2 days or 2 months. This doesn't mean that every withdrawal happened that quickly or that slowly. A person who stays with a trading room or forex account manager for 6 months or a year will have a much better idea of the long term performance than someone who signed up only a few weeks ago.

    Within reasonable limits, the FPA lets reviewers express their opinions. There are limits to what is accepted in reviews. Some people complain that the FPA should never censor any reviews and allow everything to be posted. These people don't seem to realize that would open the door for those who love or hate companies to leave dozens of reviews trying to alter the ratings. There's already one idiot in Latvia who thought he could personally rearrange the top 10 rated forex brokerages at the FPA by leaving over 100 reviews. Worse, the reviews would quickly be filled with affiliate links and spam advertisements for non-forex products. Please check out my Worst Forex Reviews thread to see some of what doesn't make it into the reviews. Then tell me if you think everything submitted should be posted or not.

    Some companies seem to think that no one is allowed to say anything negative about them. It looks like iForex.bg/Zifx.com is one of these. This is what they sent to the FPA on Friday from info@iforex.bg ...

    I still haven't decided if I find this to be more funny or only pitiful. Marin didn't bother to say which review or reviews he was talking about. The most recent one when he sent this was 5 stars, so I'm guessing it wasn't that one.

    Rather than letting Gerard have all the fun, like he did with Easy-Forex when they made an unsupportable threat, I wrote the reply myself...

    I also sent Marin a reminder note yesterday. I told him that failure to reply would be interpreted as his permission to post his message to the FPA with some commentary. He decided to not reply. Instead, a new 5 star review did show up for iForex/Zifx that accuses the negative reviewers of being psychologically unstable. Even though I really doubt the authenticity of that review, I've decided to approve it anyway. That way everyone can judge it for themselves.

    Before approving that dubious 5 star review, iForex/Zifx had a rating of 1.680 stars. Adding that 5 star rating gives them 1.808 stars. I don't know how many other sites Marin made threats against. I do say that if you see a site that has nothing but good reviews for this company, I wouldn't trust it. There's a chance that those threats may have made bad reviews go away, leaving only good ones behind.


    Zifx.com/iForex.bg review page at the FPA

    Worst Forex Reviews – see some of what didn't make it into the review pages

    Examples of good and bad reviews

    Description of te FPA's rating system

    General Advice for Reviewers

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  2. John Stampfli

    John Stampfli Recruit

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    In the presence of my my little sister, if you don't stop talking about me I'll have to tell your mommy on you!
     
  3. tom.finanz

    tom.finanz Private

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    presence

    present only me and myself.

    nobody else to witness me writing that I like your handling of the facts and your STYLE !
     
  4. semiu

    semiu Recruit

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    Guys, be careful

    When dealing with genuine and trustworthy companies or individuals, one would appreciate the logic in their statements or presentations. I expect that a responsible individual will appreciate or embrace treating fellow humans or entities with absolute decorum. I have always learnt something - The tool of the devil to confuse one from doing the right thing is nothing but fear or threat. Once this is overcome, freedom is certain. One immediate inference here is that this company might not be ethical. Their corporate decisions might be anti-traders. Traders should be extremely careful with them. Thank you FPA for the good work.
     
  5. Pharaoh

    Pharaoh Colonel

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    No one likes to have bad things written about them or their company. Of course, anyone with any sense of professionalism and a trace of intelligence would start out with something other than a poorly written threat.

    Attempts to silence opposing opinions in this way are a common warning sign for scam. Add that to their poor ratings, and this company is one I'd recommend avoiding.

    In the presence of two overfed housecats, I say don't do business with this company. ;)
     
  6. Ricex

    Ricex Sergeant

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    We second that!..... we being, me, the dog and my daughters hamster, although he's sleeping he is present.... and that's what counts right?

    Good work Lieutenant & FPA team.
     
  7. mechtech63

    mechtech63 Corporal

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    Man, that's nothing but good clean entertainment right there....sure nuf. :D

    In the presents of my bowl of Captain Crunch I declare Marin unstable and he should either double up on his medication or stop it all together.
     
  8. Lola Alder

    Lola Alder Recruit

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    Nice Reply Bill, thumbs up for FPA!
     
  9. sergey d.

    sergey d. Recruit

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    i've been with this service for 1 month in the past years. i'm surprised to find out it is still lucrative and was not shut down by any authorities. i am also surprised they still post on many forex sites and are not banned. maybe the forex sites administrators earn some good money out of people referred to zifx and this explains why they take no action against it???????
    None of their results are real and they are a total fraud. No doubt about that. that guy Yanev who sent you the blackmail message has been charged by the US authorities for his fraud. Take a look here CFTC Press Release 5132-05
    all traders should stay away from this guy and never trust his positive results. they are all fake :confused:
     
  10. marcus1rex

    marcus1rex Private

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    hahaha, funny as hell!
     

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