Beware of CAYA | Forex Factory

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Beware of CAYA

  • #1
  • First Post: Mar 19, 2010 7:04am Mar 19, 2010 7:04am
2 of my friends are having problem withdrawing money out of this broker.

This broker claims to be registered in New Zealand. However, NZ itself does not regulate Forex Brokers - only gives License to Operate (as they please)....

BEWARE.
  • #2
  • Mar 19, 2010 10:04am Mar 19, 2010 10:04am
Hope you post this on the FPA website too.

That's where most people check to avoid rogue brokers.
  • #3
  • Mar 19, 2010 10:06am Mar 19, 2010 10:06am
You can find this at the bottom of their website http://www.forexpowerstrategy.com/
"Caya Capital Markets NZ adheres to the United Nations Commission on International Trade Law (UNCITRAL).
Complies with international laws and regulations governing forex security in the financial services world."
What international forex laws?!
  • #4
  • Mar 19, 2010 6:11pm Mar 19, 2010 6:11pm
I made 60k profit there... My account got Disabled and my profit not payed

Calling them.. avoiding me.. Very Rude
Charting Markets into the Future...MǎҖ€¥.
  • #5
  • Mar 20, 2010 4:23am Mar 20, 2010 4:23am
Quoting MaXeY
I made 60k profit there... My account got Disabled and my profit not payed

Calling them.. avoiding me.. Very Rude
Hi MaXeY can I ask you why do you have an account with them? You have more that 1000 posts and 5v. You are not new to forex. what was the reason?
  • #6
  • Mar 20, 2010 8:11am Mar 20, 2010 8:11am
Testing brokers is part of the work of news trading.
  • #7
  • Mar 20, 2010 8:19am Mar 20, 2010 8:19am
I think there should be a big public blacklist of brokers who don't pay out profits. I know MaXeY has already done it here: Brokers Scams Who delete you profits, but I'm thinking it needs to be something more official like Forex Peace Army, which is widely used as a reference. Maybe Forex Peace Army could set something up that lists brokers who don't pay profits. They do have a "Scam" rating for forex brokers, but that is usually only applied after a lengthy investigation and there is enough proof.

Have you written your experiences already on Forex Peace Army, MaXeY?
  • #8
  • Mar 21, 2010 3:21am Mar 21, 2010 3:21am
Forex Peace Army-haha. Come On! Felix-haha. Come On!
  • #9
  • Mar 21, 2010 6:29am Mar 21, 2010 6:29am
Quoting futures
Forex Peace Army-haha. Come On! Felix-haha. Come On!
I know what you mean. The guy behind the site, Felix, has a shady past. But can you suggest anything better than Forex Peace Army? I think it's the most established and well-known reference available, despite the fact that a lot of the services that Felix is associated with are rated suspiciously very high, and I have recently criticized their rating system in their discussion forum.

Also, the other people who work for Forex Peace Army actually do a good job in their scam investigations and produce results. The do hold some weight in the fight against brokers, and I can't say the same for any other web site.
  • #10
  • Mar 21, 2010 8:38am Mar 21, 2010 8:38am
Quoting Hyper
...But can you suggest anything better than Forex Peace Army? ...
Sorry but I don't trust Forex Peace Army and all their stuff (swhs).
Try
http://www.forexfactory.com/sitesearch.php
http://www.forex-tsd.com/search.php
  • #11
  • Mar 21, 2010 8:51am Mar 21, 2010 8:51am
This web site and TSD are discussion forums and do not provide quantitative ratings/rankings nor do they have the market coverage that Forex Peace Army has. However untrustworthy Forex Peace Army is, it remains the primary benchmark until something better appears that will become the new reference site.
  • #12
  • Mar 22, 2010 1:31am Mar 22, 2010 1:31am
I was looking for a brokers who have fast order execution... I Only test broker max 1,000 USD

Made profit over 60k at caya.. asked for withdrawal.. sry u executed wrong price lol

Quoting futures
Hi MaXeY can I ask you why do you have an account with them? You have more that 1000 posts and 5v. You are not new to forex. what was the reason?
Charting Markets into the Future...MǎҖ€¥.
  • #13
  • Mar 22, 2010 1:32am Mar 22, 2010 1:32am
Yep i Posted

Quoting Hyper
I think there should be a big public blacklist of brokers who don't pay...
Charting Markets into the Future...MǎҖ€¥.
  • #14
  • Mar 22, 2010 9:41am Mar 22, 2010 9:41am
Quoting Hyper
This web site and TSD are discussion forums and do not provide quantitative ratings/rankings nor do they have the market coverage that Forex Peace Army has. However untrustworthy Forex Peace Army is, it remains the primary benchmark until something better appears that will become the new reference site.
the market coverage ? what do you mean?
you can "Copy" and "Paste" and you'll have the same market coverage like Forex Peace Army.
hope Forex Factory will open a section for "quantitative ratings/rankings".
elitetrader has one and I trust them.
  • #15
  • Edited Mar 23, 2010 9:26am Mar 22, 2010 9:59am | Edited Mar 23, 2010 9:26am
Quoting MaXeY
I was looking for a brokers who have fast order execution... I Only test broker max 1,000 USD

Made profit over 60k at caya.. asked for withdrawal.. sry u executed wrong price lol
ok thank you.
  • #16
  • Mar 22, 2010 10:56am Mar 22, 2010 10:56am
Quoting futures
the market coverage ? what do you mean?
Coverage of the forex marketplace. They list a large number of forex products and services and provide the ability for users to rate and comment on any of them.

Quoting futures
hope Forex Factory will open a section for "quantitative ratings/rankings".
That would be good but until then...

Quoting futures
elitetrader has one and I trust them.
Elite trader has a high focus on futures and equities trading compared to forex. Their list of brokers on their broker ratings page only contains some forex brokers. Alpari or Interbank FX don't even appear on the list.
  • #17
  • Mar 22, 2010 11:43am Mar 22, 2010 11:43am
Quoting Hyper
...Have you written your experiences already on Forex Peace Army...
... like Forex Peace Army, which is widely used as a reference...
...it remains the primary benchmark...
...They list a large number of forex products and services and provide the ability for users to rate and comment on any of them.
...but until then...
http://www.pipwizard.com/images/felixandgf.jpg
Are you Felix?
  • #18
  • Mar 22, 2010 11:50am Mar 22, 2010 11:50am
Quoting futures
Are you Felix?
Yeah that's my girl Yuliya; jealous? No, I'm just kidding. If you did a search for my username on the forums there you'll see that I (constructively) criticize their web site.

Please stay on topic. This thread is not about how shit Forex Peace Army is, but about bad brokers. So how can we ramp up the fight against brokers?
  • #19
  • Edited 12:29pm Mar 22, 2010 12:05pm | Edited 12:29pm
Quoting Hyper
...jealous?
no
Mine is better...
http://news.bn.gs/images/articles/20...65406686_2.jpg
  • #20
  • Mar 23, 2010 1:43am Mar 23, 2010 1:43am
Quoting futures
Hi MaXeY can I ask you why do you have an account with them? You have more that 1000 posts and 5v. You are not new to forex. what was the reason?
He tests to see whether he can get away with lag arbitrage. When he doesn't he spams the internet with scam claims. It appears burgerking does the same thing.

Having 1000 posts and 5v from people who have the same piece of software, isn't a viable factor of knowledge.

I have not seen him contribute anything of value to this or any forum, other than the same old crap.

NZ Financial services law has more regulation than cysec. They are also partially under Australian juristiction.

I highly doubt that a company operating in NZ can do "as it see fits". Rather if you were trying to execute at a non existing price or (cheating the system) your orders would be corrected.

Simple solution, if you're such a great trader (refering to maxey) go on an ecn and make as much money as you want. Print that money..

Fact is, without lag, really he has no ability to trade whatsoever.
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