Show me a scam broker

Hey guys,

I`ve heard that Halifax is broke. Does anyone have a real account there? Any news on getting the money back? Now is time to see if ASIC is a serious regulator.

Just thought I should update this info. They are excellent and I have used their platform and its wonderful and their sl minimum zero. Within the 2 months, I have withdrawn twice and have been impressed. They only charge 10 unit of the currency for the withdrawal. The only drawback is if you are planning to use a robot, make sure you can put post script as non of their currency pairs and account has no dot.s or whatever dot something depending on which account type. Anther thing to verify is that your leverage remain what you chose after you deposit and take a bonus, I had no idea how it happened but I took a 1 : 3000 leverage and when I opened a trade, it was on 1 : 1000 which means I opened at times 3 of the amount I had calculated. I believe it has to do with maximum leverage you can choose depending on the bonus you take. As for the bonus, its not worth it as you cant meet the lots amount in 30 days.

Nava Gates and PrimeCapitec got blacklisted by the UK’s Financial Conduct Authority (FCA). The financial watchdog says that they have been providing financial services to UK traders without a proper authorization, and might be taking part in fraudulent activities.

In order to operate legally in the UK, any forex broker should be authorized by the FCA or by a similar financial regulator of a EU Member State (at least until the end of the transition period after UK exited the Union).

That being said, neither Nava Gates, nor PrimeCapitec holds any such license. In fact, they’re both registered in offshore zones – Dominica and Saint Vincent and the Grenadines, respectively - where forex brokers aren’t regulated, nor overseen by any governmental agency.

IronFX is a scam broker.

Investizo.com are SCAM! Beware of this Scammer Broker! They will cancel your profits and give you such reason "technical failure of quoting mechanism!" Obviously, it is their trading platform issue!

LegacyFx ignored my withdraw request by 3 weeks. That does not make them a scam broker but is still a red flag.

Dear traders,
I would like to find a help with my lawsuit against Plus500.

On Monday 31.08.2020 this broker closed my big position on EURJPY due to margin call. The problem lies at the closing price of this position : 124.013, which is 138 pips below the lowest price of the day.
I contacted their support and they replied everything is ok. They offered me data (BID and ASK price) at the moment of my margin call.

According to their reply, the spread at the moment of closing was unbelievable 261 PIPS, while usual spread is less then 2 PIPS, without any fundamental reason.
I can add that my other broker's accounts or Bloomberg site show the lowest price of trading day 125.39, which is 138 pips above my closing price.
As you can expect, the lowest price on my Plus500 platform is almost exactly my closing price.

My first investigation aims to find out, if this price manipulation appeared only on my account or on all clients' accounts.
If anybody of you has also an acoount on Plus500, please contact me on { email address deleted by staff }

I'm trading with various brokers for 10 years, but i was never ever a witness of such a price manipulation without fundamental reason.

Thank you very much for your reply,

Michal Brajer

Unable to withdraw in www.Investizo.com

I have deposited EUR 500 at 2 weeks ago and i have loss about 120 from trades. I have tried to withdraw my balance of capital but they ignored my withdraw request and don't reply my email since 2 weeks until now. Anyone can help me? Please beware of this broker!

The CFTC, the United States regulator, the Commodity Futures Trading Commission, warned the public of fake claims of forex, CFD, and crypto firms being regulated and endorsed by the US watchdog.

The following entities are the ones on the warning list: Bitfx24option, Fidelityfxtrade, Granttradefx, iMarketsserviceFX, Toptradecapitalfx, Westtechtrade, Westintrade, Yobcryptotrade24, Zenithoptionstrade, and Zenithtradermarkets.
The CFTC in a statement revealed that these published the exact same fake statement that they are registered within the CFTC as FCMs and RFEDs.

Does anyone have any experience with Elonext Management here please? I had a good relationship with them for about a year but recently their website (elonexmanagement.com) has gone down and phone numbers seem to be disconnected as well. It feels like a scam now. To be honest, I didn't see some of the key signs of scam earlier as the results were moderately positive; always good, professional and on-time communications etc.. Does anyone else have a similar experience with them?

Trading in the forex market has its complexities and challenges. One of the difficulties is choosing a proper Forex choosing a proper Forex broker and working with it. In the currency market, there are a number of unprofessional and problematic brokers using subtle and smart ways waiting for achieving traders' capital dishonestly. The Cyber Market Group Forex Fraud Case was one of the scam.

I have see somethink which looks like a scam for me but i am not sure, because the person which did give me investor login to that accounts tells me this happen just in mt4 desktop version and not in the mt4 mobile app and that it happen only beccause many accounts get at same time the signal, but for me it looks like the broker is fakeing his tradehistory, so what i mean i try to explain you now in detail and i want to hear from you all what yout hink.

So i have code for somebody on metatrader4, he did give me investor login to live accounts. i have see on the accounts that trades which have been closed are showing in the tradehistory with 0 profit/Loss, but its not correct because lotsize is big and orderclose price is different from order open price. And when you close and restart the metatrader after a while then the tradehistory show this closed trades with correct profit/loss values, but i also see that openprice and close price is changed sometimes or deposit and withdraws are different sometimes deposit are complete disapear from tradehisotory, it looks like the broker can manipulate the tradehistory like he want.
for me it looks like a scam where the broker is change the tradehistory like he want just to show fake results, because this broker try to find investors for his system.
the man hoe did give me the investor login to this account told me that it is a technical issue that mt4 desktop is showing the trades different then the mt4 mobile app or such simular stoyrs he told me.

Can somebody hoe know exactly how mt4 work tell me what he think about this, can this be a technical error or is this scam from broker? because i dont want to work for scammers and it looks like tradehistory fakeing for me.

There are many scams, If you do an internet search on the forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.

I usually refer to FPA in order to spot a good broker compared with the bad ones.

There had been a lot of scam brokers and there might be many at present. To be on the safer side one should go with the regulated broker. Though there are some unregulated broker who are in business from a long time. one needs to be wise while making the decision.

Hi all,

I've got a friend who has been encouraged to invest with a trader that has about a 90% win rate (first red flag). He has sent me a screenshot (2nd red flag) of some of this traders trades and apparently the broker is BSB-Global (3rd red flag).

Now, I've looked through these trades on my brokers charts, and on forexfactory's charts, but I can't find the moves for the entry/exit of the trades for the big wins (didn't check the other trades). I mean moves of 10 pips or more in less then a few seconds should be easy to see, even if the times are off due to different timezones. I was hoping that others can verify that this is a scam for me.

I've found the following about BSB-Global, doesn't look good.

https://theforexreview.com/2020/08/1...global-review/

https://www.fca.org.uk/news/warnings...rtners-limited

https://www.scamdoc.com/view/272647

And here is the screenshot that my friend was sent

https://imgur.com/e0X8xVy

The Italian financial regulator CONSOB blacklisted five brokers recently for offering unregulated services:

1. Fintech Software Inc, Oproserv Limited, Leadernet OU
2. GrahamFE FinServices LTD and Elit Property Vision LTD
3. Brokermasters Ltd
4. Digital Exchange Limited and Securex Plus Solutions EOOD
5. Raw Trading Ltd

Wikifx app can help you to quickly verify forex brokers regulation status.

I really don't understand why wannabe traders sign up with brokers no one ever heard about, or with names like www.ghddrtg-besstbroker.xyz. I mean seriously what do you expect?? Do your homework first if you put your hard earned savings on the line.

Hi SecretFx,

i am a new trader ... Need some information about this. Does it mean that we can not trust ASIC ???
How about NFA/CFTC, FCA, BAFIN, FINMA, FSA , Cysec ?
Any one here can give recommended brokers ? It is nice if it has MT4 platform, low spread, fast execution, etc , etc .. but the most important for me is that it is
Not Scam brokers ...
Thank you in advance ...