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2 scam brokers around

  • #1
  • First Post: May 6, 2008 2:29am May 6, 2008 2:29am
Watch out these 2 brokers they offer 2 pips spread but they pure Scam.

Story 1: A friend open an account at first-data-group he make money, then he asks withdrawal his account disabled and email and call them no answer till now.... Initial deposit Stolen.

Story 2:A friend open an account at 2pipsforex he right now 60+ pip profit he click close can't close then after few seconds he got No connection, then his order close itself with -10 pips margin call @ Fake price. happens 4 times.

http://www.first-data-group.com
http://www.2pipsforex.com

So take care.
Charting Markets into the Future...MǎҖ€¥.
  • #2
  • May 6, 2008 2:46am May 6, 2008 2:46am
I don't really know what to tell you, except that your friends probably deserved it.When there are so many already established and relatively honest brokers, why in the world would anyone want to be a pioneer and gamble their money away with some brokers hardly anyone ever heard of?!

The only reason why I see something doing that is if they found a "better" offer with them and decided to assume the risks of it turning out to be too good to be true.

Which it did in the end.And as a result they lost the money.Can't say I'm shocked really or feel sorry for them.
  • #3
  • May 6, 2008 4:33am May 6, 2008 4:33am
Quoting MaXeY
Watch out these 2 brokers they offer 2 pips spread but they pure Scam.

Story 1: A friend open an account at first-data-group he make money, then he asks withdrawal his account disabled and email and call them no answer till now.... Initial deposit Stolen.

Story 2:A friend open an account at 2pipsforex he right now 60+ pip profit he click close can't close then after few seconds he got No connection, then his order close itself with -10 pips margin call @ Fake price. happens 4 times.

http://www.first-data-group.com
http://www.2pipsforex.com

So take care.
GOOD FOR HIM, cry me a river,
If I Go Broke Trying Then I Will die happy.
  • #4
  • May 6, 2008 4:49am May 6, 2008 4:49am
this is what happen to you when you don't do your DD,
If I Go Broke Trying Then I Will die happy.
  • #5
  • May 6, 2008 4:56am May 6, 2008 4:56am
Well for the 1st one, it's definitly sad for him but why did he had to choose some unkown forex broker instead of established one...

For the 2nd one... Well is he dumbass enough to have a margin call for only 10 pips ???

What risk/trade was he using ? 99% ?
  • #6
  • May 6, 2008 5:51am May 6, 2008 5:51am
Quoting MaXeY

Story 2:A friend open an account at 2pipsforex he right now 60+ pip profit he click close can't close then after few seconds he got No connection, then his order close itself with -10 pips margin call @ Fake price. happens 4 times.


So take care.
This is so funny
  • #7
  • May 6, 2008 6:53am May 6, 2008 6:53am
http://www.first-data-group.com
they send the deposit back to my friend.
Charting Markets into the Future...MǎҖ€¥.
  • #8
  • May 6, 2008 8:44am May 6, 2008 8:44am
Quoting MaXeY
Watch out these 2 brokers they offer 2 pips spread but they pure Scam.

Story 1: A friend open an account at first-data-group he make money, then he asks withdrawal his account disabled and email and call them no answer till now.... Initial deposit Stolen.

Story 2:A friend open an account at 2pipsforex he right now 60+ pip profit he click close can't close then after few seconds he got No connection, then his order close itself with -10 pips margin call @ Fake price. happens 4 times.

http://www.first-data-group.com
http://www.2pipsforex.com

So take care.
First site: Custom designed (MAYBE)
Second site: So clearly a stock webpage that they they bought and added their information too.

If the websites not even original, I doubt they are.
  • #9
  • May 20, 2008 4:21am May 20, 2008 4:21am
Hi maxey , actually i was thinking of opening an account in one of these 2 brokers before i read you post, did 2pipsforex withdrawl your friend account also?or they steal it also? and how is first-data-group.com with him?

[email protected]
  • #10
  • May 20, 2008 9:55am May 20, 2008 9:55am
there is alot of good and famous brokers why you open with that ?
  • #11
  • May 20, 2008 4:42pm May 20, 2008 4:42pm
Because i trade G/J and the spread on it just 2 pips without any comission , thats suites my trading style .
  • #12
  • Jun 5, 2008 9:38am Jun 5, 2008 9:38am
Chatted with them ...

they never gave me a SINGLE name connected with the company!
Also the information on their site bout the company is laughable.http://www.2pipsforex.com/about_us.html#
wtf is that?!

Not sure if they are a honest broker...

Dont understand how they can offer 2 pip spreads 1pip for institutions on all pairs when some of the pairs they offer got avg daily spread of 4-5 on true interbank markets....how does the magic happen then
  • #13
  • Jun 5, 2008 9:52am Jun 5, 2008 9:52am
Quoting frito
Chatted with them ...

they never gave me a SINGLE name connected with the company!
Also the information on their site bout the company is laughable.http://www.2pipsforex.com/about_us.html#
wtf is that?!
"Global Cleaning Group", WTF?

Sounds like "cleaning accounts worldwide" to me
  • #14
  • Jun 5, 2008 10:13am Jun 5, 2008 10:13am
Why not just buy and sell currencies on Craigslist. There is a guy right now from ------- offering .25 pip on exotics. There is also help wanted ads for circus clowns, seems all the clowns are leaving the circus and trading forex .
  • #15
  • Jun 5, 2008 7:38pm Jun 5, 2008 7:38pm
listen..in the US, 1 in 100 people are in Jail. Around the world , 1 in 50 should be. If you have money, and are willing to send it to "people' you do not know, you Will loose it.

Right now for fun , I am corresponding with 4 different people, trying to buy a Range Rover on Craigslist. You know the ads , $25000, below blue book, no location, or contact info...

So you email back with interest in their car... and after some time they get back that they are out of the country... the car is at a shipping company in NYC.. Please send your info so that they can us a secure company for me to pay...they will ship the car to me free...and I have 5 days to decide if I want the car...blah blah blah..

I write back asking that they send me a picture holding a sign with the letters "IFINGERMYASSALOT" so I can make sure its them, and i know who I am dealing with. Usually the emails stop, but I am sure if I am persistent, I will have a Nigerian , holding the sign, stating what they do for fun.

Listen, If you are at new to trading, do not quit your job, do not borrow money to trade, and do not send money to fake brokers because they give 2 pip spreads on crosses. remember the Craigslist cars...you should.

Your daddy
  • #16
  • Jun 5, 2008 8:09pm Jun 5, 2008 8:09pm
Quote
Because i trade G/J and the spread on it just 2 pips without any comission , thats suites my trading style .

Any idiot can make money if there was no spread. What's the standard on G/J? It's 4 pips on Oanda. If you honestly need an extra 2pips to make money, i suggest you try another method.

I'd gladly pay a higher spread for a reliable company. When these nobodies come around saying "half pip spread", i just can't understand where the attraction lies.
  • #17
  • Jun 5, 2008 10:04pm Jun 5, 2008 10:04pm
Quoting MaXeY
Watch out these 2 brokers they offer 2 pips spread but they pure Scam.

Story 1: A friend open an account at first-data-group he make money, then he asks withdrawal his account disabled and email and call them no answer till now.... Initial deposit Stolen.

Story 2:A friend open an account at 2pipsforex he right now 60+ pip profit he click close can't close then after few seconds he got No connection, then his order close itself with -10 pips margin call @ Fake price. happens 4 times.

http://www.first-data-group.com
http://www.2pipsforex.com

So take care.
The first one didn't do his homework on who he was sending his money to. The second one not only didn't do his homework but got margin called at -10 pips...FOUR TIMES?

Fool me once, shame on me.

Fool me twice, shame on you.

Fool me four times...shame on who?
Not all sins are created equal
  • #18
  • Jun 6, 2008 3:58am Jun 6, 2008 3:58am
Quoting howdytest
Any idiot can make money if there was no spread. What's the standard on G/J? It's 4 pips on Oanda. If you honestly need an extra 2pips to make money, i suggest you try another method.

I'd gladly pay a higher spread for a reliable company. When these nobodies come around saying "half pip spread", i just can't understand where the attraction lies.
I liked this part at http://www.first-data-group.com/:

 

  1. Spread: 0 (all currency pairs)
  2. Comission: 4 pips (all currency pairs)

jerks)
LOL

  • #19
  • Jun 6, 2008 4:14am Jun 6, 2008 4:14am
anyone know tadawulfx.com?is it genuine?
  • #20
  • Edited 11:06am Jun 6, 2008 9:08am | Edited 11:06am
Quoting cesarnc
"Global Cleaning Group", WTF?

Sounds like "cleaning accounts worldwide" to me
Global cleaning group right there
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