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Issues with FXOpen

  • #261
  • Mar 17, 2011 3:36am Mar 17, 2011 3:36am
That's right about regulation. They will soon be.

Also about them being sued... they cannot be sued because they apparently do not have a registered business entity anywhere in the U.S. So it will be interesting to see exactly what or how the U.S authorities are going to sue them.

Anybody can have a U.S phone number. Even I can within a few minutes if I wanted to. And that is all FXO had... a U.S phone number, probably to make it cheaper for U.S residents to contact them on the phone.

FXO could very well be the largest forex broker in the industry.. I am not sure though.

Personally, I've not had any problems with my withdrawals so far. They've always been prompt and hassle-free.
  • #262
  • Mar 17, 2011 5:11am Mar 17, 2011 5:11am
Quote
Anybody can have a U.S phone number. Even I can within a few minutes if I wanted to. And that is all FXO had... a U.S phone number, probably to make it cheaper for U.S residents to contact them on the phone.

Skype is available.

Quote
FXO could very well be the largest forex broker in the industry.. I am not sure though.
Why do you think so? Are you talking about Market Makers industry?
  • #263
  • Mar 17, 2011 6:12am Mar 17, 2011 6:12am
Naah, can't see how fxopen will be sued.

What a joke.
  • #264
  • Mar 17, 2011 6:13am Mar 17, 2011 6:13am
and Johnfx, totally agree with you about the definition of a scam broker - one that steals your money. fxopen doesn't do such a thing.
  • #265
  • Mar 17, 2011 6:31am Mar 17, 2011 6:31am
Quoting fxvoilaaa
Naah, can't see how fxopen will be sued.

What a joke.
For what? What did they do or didn't do?
  • #266
  • Mar 21, 2011 8:02am Mar 21, 2011 8:02am
Do you know where are they located?
  • #267
  • Mar 22, 2011 3:16am Mar 22, 2011 3:16am
Since late last week, FXOpen has been under attack by the biggest DDOS (Distributed Denial Of Service) attack seen in the company's history.


The attack that originates in Russia, but uses botnets from around the world is currently abusing the websites with over 100million connections per day and rising. No web server can handle that much information without interruptions and despite having the best DDOS protection in a large server cluster, FXOpen's websites are currently inaccessible however, trading via the MT4 terminal is completely unaffected.


On Friday, I spoke to the "hacker" who goes by the name of Ivan Ivanov of Khabarovsk, Russia and he demanded $5,000 to stop the attack. His demand has since risen to $15,000.


The attack was ordered by FXOpen's Russian competitors (according to Ivanov). This kind of criminal activity highlights the need for vigilance when dealing with Russian Forex companies who may also be involved in money laundering, mafia and terrorism.


FXOpen's IT team is working around the clock to find a solution and we hope some website functionality will return soon.
  • #268
  • Mar 22, 2011 4:29am Mar 22, 2011 4:29am
LoL. It's getting pretty interesting. Why so many people hate FXOpen? Want to open my own live account and try.

P.S Maybe this is some kind of commercial.
  • #269
  • Mar 22, 2011 6:16am Mar 22, 2011 6:16am
Quoting dma
Since late last week, FXOpen has been under attack by the biggest DDOS...
Thanks for sharing this information. I switched to Safari couples days ago and couldn't open their website. Thought that new browser is the reason.

Funny
  • #270
  • Mar 22, 2011 7:41am Mar 22, 2011 7:41am
No probs!


Use the following to access their site and your account options...

http://www.fxfrench.com/?Culture=en

Their trading platform has been and is working as usual.
  • #271
  • Mar 22, 2011 4:40pm Mar 22, 2011 4:40pm
Quoting dma
No probs!


Use the following to access their site and your account options...

http://www.fxfrench.com/?Culture=en

Their trading platform has been and is working as usual.
Thanks for that information
  • #272
  • Mar 23, 2011 12:21pm Mar 23, 2011 12:21pm
Quoting dma
Since late last week, FXOpen has been under attack by the biggest DDOS (Distributed Denial Of Service) attack seen in the company's history.


The attack that originates in Russia, but uses botnets from around the world is currently abusing the websites with over 100million connections per day and rising. No web server can handle that much information without interruptions and despite having the best DDOS protection in a large server cluster, FXOpen's websites are currently inaccessible however, trading via the MT4 terminal is completely unaffected....
that is interesting. I thought their site was down due to the CFTC's enforcement action against them. I suppose a DDoS could be it. I didn't try to access them from outside the USA...

http://www.cftc.gov/ucm/groups/publi...aint012611.pdf
BarrySDCA Commercial Network Services
  • #273
  • Mar 23, 2011 12:49pm Mar 23, 2011 12:49pm
Their site seems to be up and running again.
  • #274
  • Mar 24, 2011 4:08am Mar 24, 2011 4:08am
Quoting BarrySDCA
that is interesting. I thought their site was down due to the CFTC's enforcement action against them. I suppose a DDoS could be it. I didn't try to access them from outside the USA...

http://www.cftc.gov/ucm/groups/publi...aint012611.pdf
I didn't work outside of US also, I tried.
  • #275
  • Mar 24, 2011 11:20am Mar 24, 2011 11:20am
Quoting dma
No probs!


Use the following to access their site and your account options...

http://www.fxfrench.com/?Culture=en

Their trading platform has been and is working as usual.
Thanks dma. I was able to get a withdrawal done that way.
  • #276
  • Mar 24, 2011 11:27am Mar 24, 2011 11:27am
hmm, wonder who would launch a ddos against fxopen. some stupid people.
  • #277
  • Mar 24, 2011 3:44pm Mar 24, 2011 3:44pm
Quoting oakmonster
Thanks dma. I was able to get a withdrawal done that way.
Thank me by letting us know when the funds get to your bank account
  • #278
  • Jun 25, 2011 4:53am Jun 25, 2011 4:53am
i have been reading every post on this thread for the last 1hr 30mins and i must say must give all kudos to maxey who started it.
As my friend would say "to be fore-warned is to have four arms"
So, i have developed 2 more limbs and decided to do what beings with four limbs do best.

I would also like to thank the Admin for keeping this thread. I think this is certainly on of the treasures of FF.

For once i taught i was in a law court and for the first time knew what it is like to be in a jury. But i guess i am the judge to and i have passed my judgment.

"let he who have ears hear what the people at FF is saying"

Thanks to everyone who posted in this thread i am glad they did.

To the Admin,
thanks
  • #279
  • Jun 28, 2011 7:07am Jun 28, 2011 7:07am
"Fxopen Is a Scam, Be Aware"

FXOpen is not a scam, but they have many frustrated customers and they have to do something about this.
  • #280
  • Jun 29, 2011 7:40am Jun 29, 2011 7:40am
Be careful from unregulated brokers!
I recommend on the following brokers:

 

  1. fxcm - only objective (high spreads on EURUSD )
  2. Traders Trust Broker – STP Broker, Cysec license, offer attractive rebate programme – up to $3.5 per lot, very good spreads 1,3 for EURUSD
  3. Fxdd – good company with attractive challenges for traders


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