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  1. Scam Investigations Committee

    Mar 2, 2008
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    We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that...

    The brokerage company known as MoneyForex had failed to return funds due to FPA member Edforex. Both Edforex and one of our investigators sent multiple emails to MoneyForex for an extended period and could get no response. Failure to return money to traders upon request is the primary definition of "Scam" for the members of the Forex Peace Army.

    Thus, we officially find that MoneyForex is a scam. We offer MoneyForex the chance to resolve this issue by returning funds legitimately due to Edforex.

    We extend our deepest sympathies to Edforex who lost money due to these actions of MoneyForex. We extend warm regards to FPA Investigations Lt. Tessa for her efforts on this case.

    MoneyForex is hereby blacklisted by the Forex Peace Army. We urge anyone who has an account with them to withdraw all funds immediately and recommend against opening new accounts with them.

    Details and Discussion of Attempts to Resolve the Complaint

    Edforex's Original Complaint

    #1 Scam Investigations Committee, Nov 17, 2008
    Last edited: Nov 27, 2008

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