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Brokers Scams Who delete you profits

  • #81
  • Feb 24, 2010 2:40am Feb 24, 2010 2:40am
Quoting lavatrader
And I am 100% agree with you Jason. All these "ECN shops" are just another marketing perk. That's all. You can call it ECN/MCN/PCN but you can not change Market Nature.
Yes, maybe you can't change the market, but the way you enter it on a MM vs ECN is very different. It's not just a marketing ploy. Your trades can only be deleted on a market maker. The dealer or dealing desk will do everything to protect the broker from making execution delays, to disconnects, requotes, or when the dealing desk fails, trade deletions. Simply, if the dealing desk fails to cover your trade properly whether it be a scalp or news trade, be prepared for deletions.

On ECN however, you are filled based on liquidity and once filled, you stay filled for real. There is no dealing desk there to damage so no trades will be deleted.
  • #82
  • Mar 25, 2011 8:40am Mar 25, 2011 8:40am
Quoting someone1
They did the same to me. But after several complaints and with the help of FPA, i received all my funds (6 months later).

You can check my complaint on the FPA site.
can you please give the link of your complain in FPA site. i am having the same issue..they are not withdrwaing my money.
  • #83
  • Mar 25, 2011 9:18pm Mar 25, 2011 9:18pm
It was just a small account...

http://www.forexpeacearmy.com/forex-...med-avafx.html


Quoting scapler000
can you please give the link of your complain in FPA site. i am having the same issue..they are not withdrwaing my money.
  • #84
  • Mar 25, 2011 11:50pm Mar 25, 2011 11:50pm
Quoting PipStar
You can also add this broker to the list: InvestechFX
InvesttechFX is getting sued by the CFTC along with 13 other Forex brokers operating in US illegally. Here is the link (courtsey of Trader KGB) below:

http://www.cftc.gov/PressRoom/PressR...pr5974-11.html


If you happen to get a "404 Page Error", just reload the page again and it will load fine the second time.
Make your losses in demo. Earn your profits live.
  • #85
  • Mar 26, 2011 7:00am Mar 26, 2011 7:00am
Quoting someone1
It was just a small account...

http://www.forexpeacearmy.com/forex-...med-avafx.html
i sent my withdrawl but there was no response ,when i contact with them they said that your case is under investigation ,after waiting few weeks more, i was shoked to see my balance become zero.they didn't give any solid reason for it. now they are not responding my mails.
can we legally complaint about them ? they are regulated under central bank of ireland as mentioned in their site.
  • #86
  • Mar 26, 2011 8:50am Mar 26, 2011 8:50am
Quoting scapler000
i sent my withdrawl but there was no response ,when i contact with them they said that your case is under investigation ,after waiting few weeks more, i was shoked to see my balance become zero.they didn't give any solid reason for it. now they are not responding my mails.
can we legally complaint about them ? they are regulated under central bank of ireland as mentioned in their site.
Of course. Contact the Central Bank of Ireland and complain to them. If they really are regulated then something can be done that might be able to recover your funds.

Good luck!
Make your losses in demo. Earn your profits live.
  • #87
  • Mar 28, 2011 8:47am Mar 28, 2011 8:47am
Quoting Forexia
Of course. Contact the Central Bank of Ireland and complain to them. If they really are regulated then something can be done that might be able to recover your funds.

Good luck!
ok.. i will try my best...by the way i am new at forex world and don't have much knowledge about brokers. which broker u would suggest who have low spreads and allow scalping too. thnx
  • #88
  • Mar 28, 2011 10:15am Mar 28, 2011 10:15am
Quoting scapler000
ok.. i will try my best...by the way i am new at forex world and don't have much knowledge about brokers. which broker u would suggest who have low spreads and allow scalping too. thnx
I don't do scalping myself but I would imagine that scalping is pretty much allowed by all brokers but double-check with them just to be sure.

The most important thing is to find a broker that is honest and reputable and is regulated by either FSA, CFTC or other regulatory bodies. Double check with these regulatory bodies' websites to confirm that they ARE indeed regulated as they claim. There are broker review sites like ForexPeaceArmy that you can also go to to find out more about broker(s) that you are interested in.

Good luck!
Make your losses in demo. Earn your profits live.
  • #89
  • Mar 29, 2011 6:47am Mar 29, 2011 6:47am
Quoting fxvoilaaa
Why don't you try fxopen, I'm with them and happy with them.
fxopen is a decent broker, but it's always best to have a few brokers.
  • #90
  • Last Post: Mar 29, 2011 3:45pm Mar 29, 2011 3:45pm
Quoting Forexia
I don't do scalping myself but I would imagine that scalping is pretty much allowed by all brokers but double-check with them just to be sure.

The most important thing is to find a broker that is honest and reputable and is regulated by either FSA, CFTC or other regulatory bodies. Double check with these regulatory bodies' websites to confirm that they ARE indeed regulated as they claim. There are broker review sites like ForexPeaceArmy that you can also go to to find out more about broker(s) that you are interested in.

Good luck!
thnx..!
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