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Show me a scam broker

  • #561
  • Nov 17, 2020 8:44am Nov 17, 2020 8:44am
The Financial Conduct Authority (FCA) keeps adding unregulated brokers to its warning list with some of the latest additions being Quantom Capita The UK financial watchdog says that these entities are not authorized by it, but have been providing financial services or products in the UK nonetheless.

Quantom Capital is allegedly operated by Bulgarian company Protiviti International Limited. As a CFD provider, the broker should be regulated by the Bulgarian Financial Supervision Commission, or another EU financial regulator, but they are not.

Platinum Forex Signals (or Platinum FX) presents itself as a forex signals provider based in Southampton, UK. Their website lacks any relevant trading information. What is worse, it doesn’t even feature the name of the company behind the operation.
  • #562
  • Jan 3, 2021 1:49pm Jan 3, 2021 1:49pm
Quoting MichalB.
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...
i have an account at plus 500 and yes i can see that spike down. I checked trading view and there is no spike at all. I do not trade with plus 500 since last March. Good luck my friend.
  • #563
  • Jan 6, 2021 8:50am Jan 6, 2021 8:50am
I think this qualifies:

On December 20 I withdraw $5,000 USD from my Oanda account (have never withdrawn from them in the past and I've been using their platform for more than 10 years) since I needed this money for christmas.

They split the withdrawal amount of $5,000 in 19 transactions, each of a different amount, and marked all of them as "completed". To this day "January 6" I have just received 5 of those 19 transactions, for the total amount of $350 ($4,650 are still missing)

For this "slight delay" (as they called it) I had to request a loan that now I'm trying to pay.

I'm trying to work this, but Oanda has stopped returning my emails since 5 days ago. My bank already checked their system and they don't see any additional/pending transactions from Oanda.

This is starting to feel like a fraud. A case was already filed with the NFA to investigate.

Have any of you experienced this? How did you fix this issue?
  • #564
  • Nov 6, 2021 8:44pm Nov 6, 2021 8:44pm
Does anyone know Bitsrevo.com? Are they scammers?
Thanks in advance.
BR.
Multiple Position Trader
  • #565
  • Nov 9, 2021 12:14am Nov 9, 2021 12:14am
Quoting zOrO2kX
I think this qualifies: On December 20 I withdraw $5,000 USD from my Oanda account (have never withdrawn from them in the past and I've been using their platform for more than 10 years) since I needed this money for christmas. They split the withdrawal amount of $5,000 in 19 transactions, each of a different amount, and marked all of them as "completed". To this day "January 6" I have just received 5 of those 19 transactions, for the total amount of $350 ($4,650 are still missing) For this "slight delay" (as they called it) I had to request a loan...

i'm curious was this solved??? and...they must have an explanation for the changes of splitting the transactions care to share?
Golfer that loves Forex
  • #566
  • Jan 24, 2022 3:59am Jan 24, 2022 3:59am
Quoting josef
LegacyFx ignored my withdraw request by 3 weeks. That does not make them a scam broker but is still a red flag.
Hi, did you finally get your money withdrawal?

Let us know who was your account manager?

Any other situations that we need to be aware of?

We appreciate a more detail review.

Thanks in advance
  • #567
  • Jan 24, 2022 7:51am Jan 24, 2022 7:51am
Looking at it this way, have contacted 2 brokers who have problems.but I have not encountered any problems.
  • #568
  • Feb 3, 2022 6:00pm Feb 3, 2022 6:00pm
You can't trust words.
If you can spend some money to check out a broker, you should do so.
For example deposits and withdrawals.
  • #569
  • Feb 5, 2022 3:25am Feb 5, 2022 3:25am
Respectable Traders!
I need info ECN broker who can execute order to real interbank market. Then, it should be regulated FCA.
Please advice me.
s
  • #570
  • Feb 7, 2022 8:42pm Feb 7, 2022 8:42pm
Just passing by to drop my 2 cents.
AUDUSD 15m time frame. Sydney/Tokyo session.
You be the judge.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_2022-02-07_22-22-22.png Size: 54 KB
Click to Enlarge Name: AUDUSD_2022-02-07_22-23-24.png Size: 58 KB
Play the hand you were dealt.
  • #571
  • Feb 8, 2022 2:16am Feb 8, 2022 2:16am
Quoting Maule
Just passing by to drop my 2 cents. AUDUSD 15m time frame. Sydney/Tokyo session. You be the judge. {image} {image}
Imagine Pepperstone is your broker and you clipped a few lots just before that. They f@kc you up real good.

Thanks for sharing bro.
  • #572
  • Feb 23, 2022 8:54pm Feb 23, 2022 8:54pm
GYD is scam. There are different names but at the end , you will see the name GYD. There is no professional customer service. They opened your account and guide you in placing trades with amazing and unbelievable profit. There is only one CSR/Account manager who deals with you on whatsapp. When you make request to withdraw money, that one CSR stop replying to your queries. Their finance department turn down all your withdrawal requests. If you are able to conatact anyone who is working with GYD then they say that they can not do anything and you have to contact your CSR. But that CSR do not contact you. I have all proofs if someone needs it.
Love for all; Hatred for none.
  • #573
  • Mar 3, 2022 8:48am Mar 3, 2022 8:48am
Quoting BataviaTrade
{quote} Imagine Pepperstone is your broker and you clipped a few lots just before that. They f@kc you up real good. Thanks for sharing bro.
Wow, I'm worried now because I am using Pepperstone.
  • #574
  • Apr 14, 2022 3:13am Apr 14, 2022 3:13am
The main thing is to provide solid evidence.
  • #575
  • Apr 17, 2022 3:42pm Apr 17, 2022 3:42pm
Quoting josef
I like to investigate some tricks and tips how some people try to full other people. To day I heard a lot about scam brokers. Never in my life I didn't see scam broker website. I'm talking about real scam
Hi josef,
In the forex arena how many many can you count?? When you get the total, you probably have your answer. Now in the futures market may be much different. I have been in both & the futures gets my vote. Just my views & nothing more my friend. Good thread topic.
  • #576
  • May 11, 2022 3:45pm May 11, 2022 3:45pm
OANDA, pair AUD/NZD, 2:30 pm CET

https://www.tradingview.com/x/fOrzGlgc/

other brokers:
FXCM
https://www.tradingview.com/x/4wDgrBkU/
forex.com
https://www.tradingview.com/x/chWsB2F5/
globalprime
https://www.tradingview.com/x/KE4W1Paa/

list goes on...

Any thoughts on this?
  • #577
  • May 12, 2022 7:28am May 12, 2022 7:28am
Hi guys,

I am currently with NinjaTrader. They are pretty good but I find them a little expensive. I would like a broker that has Tick charts where I can trade mini Futures.

Any other broker suggestions would be greatly appreciated.

Thank you
  • #578
  • Last Post: Jul 7, 2022 1:07am Jul 7, 2022 1:07am
Look at offshore brokers, their quality of service is growing.
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