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Early History of the Forex Peace Army In 2005, Dmitri Chavkerov started a website called Free-Forex-Trading-System.com (Currently Inactive). On this website, Dmitri listed quite a few different forex-related companies that he was involved with. He shared his experience with each of those companies and personally ranked each of them from 1 to 5 stars. The Middle Ages …

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Dmitri Chavkerov – Forex Peace Army CEO I’m Dmitri Chavkerov (also known around the FPA as Felix Homogratus). I was born and raised in Siberia, Russia, immigrating to the US when I was a teenager. I started trading stocks in 2002, and forex in 2004. In 2005, after being scammed by several forex companies, I …

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With the collapse of Bernard Madoff’s 50 billion dollar investment fund, Ponzi schemes are very much in the news. Recently, the FPA investigated CRE Capitol Corporation and the TradeLite HYIP, both of which turned out to be Ponzi schemes. I’ve covered some of this before in my article about managed forex, but since so many people have lost so much money to both classic Ponzi schemes and HYIPS, I thought this style of scam deserved a more in-depth analysis.

Back when the FPA was new, there was one unique bit of Felix’s philosophy that really struck me. What caught my attention was that he talked about always donating 10% of his trading profits to a worthy cause. He said that when he did this, new opportunities opened up, and when he didn’t do this, good opportunities were few and far between. This helped to resolve a deep ethical dilemma I have had with the whole concept of forex trading.

A few months ago, a number of gold and silver investment sites reported on something surprising out of China. The rumor is that the government was running ads on TV encouraging people…

I’ve been observing the growing cancer of binary options scam since it first slithered up from the darkest pits of financial crime. I’ve worked long and hard to do what I can to warn traders away from binary options and to help binary victims fight back. Unfortunately explaining facts like how badly the odds are stacked against anyone who “trades” binaries and how many complaints their are against binary companies doesn’t pierce the mental defenses of many people who desperately want to believe in easy money.

  New Year New Bribery Attempt   The Forex Peace Army does not accept bribes. I was hoping to make it all the way to February before something like this happened. The Bribe Offer The message below was sent on January 18, 2020. Since it came in from a Gmail account, I have no idea …

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After many years, the forums software has been changed. Most of the old functionality should still be there. The new software will enable some more upgrades to be brought online in the coming months.