Show me a scam broker

run, don't walk

youtradeFx is a real Scam broker.
I am already 3 months traying to close my account and recover my money, but they don't reply E-mails, they don't respond telephone.
They offer to you managed account and present you the Account Manager to make you open the account, they offer 5 % to 10 % profit in this managed account once you open the Account manager make you loose all the trades. It is impossible to make they stop trade your account to avoid losses.
After 3 months I couldn't receive back money from one other account I had and I decide to close.
I advice to everybody to stay away from youtradeFx.

simple - Complain to the regulator

A real scam broker is a broker that delay the withdrawal because of lousy terms or simply refuse to pay you. The thing is, there are not many people who can make a serious profit in Forex so these stories don't happen too often

i have heard lots of bad things abt Hotforex ,Insta Forex, Easy Forex....

almost the whole brokers...

Best to stay with regulated Brokers! They can't run away with your money.

Same, here.

I know it's not the topic for that, but which broker below $400 min depo requirement is worth trading with?

An author of this thread asked about "broker" with which loss is guarantee...

here I describe one:
www.forexfactory.com/showthread.php?t=407726

Enjoy the lecture, and beware.

In my opinion Alpari is the worst. I have used about every broker out there and never had such a bad taste in my mouth about a broker or have I ever been threatened by a broker when they owe me money. I say this and I was a client of Fxcm when they were taking away my positive slippage. I will say I have had some bad luck with brokers. The list includes Refco,Alpari, pfgbest and Fxcm when they were taking my positive slippage. To be fair to Fxcm they don't do this any more.

http://forexmagnates.com/cysec-reach...ed-violations/

http://youtu.be/9lOx50239MM

hi,

i am currently trading with instaforex and i have a positive experience with them. So far so good with them as withdrawals always are paid within 36 hours (a bit long than average 24 hours), but this is consistent as encounters one withdrawal paying within an hour and another withdrawal paying next week. when i withdraw, i know exactly when i get my funds.

the trading experience is quite good. for me, i have the tendency to periodically disconnect from all their trading servers overseas even though i have an 18MB/s internet connection. this is why i just use the Instaforex.USA server when trading and everything works fine. in this case, choose the server cloesest to you for best execution speed.

I go by the fixed spread account and not the eurica (no spread account) as i don't prefer commission. IN MY OPINION, and i strongly stress "in my opinion" because i know there is one or two of you on this forum trying to prove me wrong on this, but basically i feel that instaforex isn't as transparent when it comes to showing clients how commissions are calculated so they could easily change the formula and update the policy without me even noticing and i'm not a big fan of this. as for spreads, i can always see what their current spreads are to know how much they are charging, which i find is quite fair as i know exactly how much to pay.

scam broker?

the only scam broker i know of is probably xforex.com

why?

they seem to be regulated from every single regulations agency in the world and they have contact support centers world wide, but yet they have no physical headquarters address. i don't know about you, but this seems a bit too good to be true with probably the best support possible with a local number in just about every major city in the world and all the international regulations and yet still received many complaints.

I'll totally agree...FPA is a scam in itself.

This thread is going to be overwrite by PR agents of all mentioned here scam brokers.

As above put replies show, instead continue to follow the subject,- PR agents will write whole bunch of sh...t which is meant to twist up side down the idea of who the scammer is or not.

This is how is works. Whoever is exposing anything,- immediately will be covered by equal and more crap. In result We have big mess,- many contradicting opinions,- and finally this thread is loosing sense.... Don't let to be happened like that.

Dear reader, just after You will read that this company is scammer etc, do Your own investigation. Don't rely at any opinion. Just stick to the facts.

F..k all Scammers and psychopaths who want to steal and cheat everyone around.


Peace&Love

4x solutions
http://www.4xsolutions.com/

http://forexmagnates.com/another-fx-...ns-with-fraud/

Your being scammed by Market Makers and may not know it.
From Investopedia:

How Market Makers Work
Market makers "make" or set both the bid and the ask prices on their systems and display them publicly on their quote screens. They stand prepared to make transactions at these prices with their customers, who range from banks to retail forex traders. In doing this, market makers provide some liquidity to the market. As counterparties to each forex transaction in terms of pricing, market makers must take the opposite side of your trade. In other words, whenever you sell, they must buy from you, and vice versa.

The exchange rates that market makers set, are based on their own best interests. On paper, the way they generate profits for the company through their market-making activities, is with the spread that is charged to their customers. The spread is the difference between the bid and the ask price, and is often fixed by each market maker. Usually, spreads are kept fairly reasonable as a result of the stiff competition between numerous market makers. As counterparties, many of them will then try to hedge, or cover, your order by passing it on to someone else. There are also times in which market makers may decide to hold your order and trade against you.

There are two main types of market makers: retail and institutional. Institutional market makers can be banks or other large corporations that usually offer a bid/ask quote to other banks, institutions, ECNs or even retail market makers. Retail market makers are usually companies dedicated to offering retail forex trading services to individual traders.

Pros:


The trading platform usually comes with free charting software and news feeds. (For related reading, see Forex: Demo Before You Dive In.)
Some of them have more user-friendly trading platforms.
Currency price movements can be less volatile, compared to currency prices quoted on ECNs, although this can be a disadvantage to scalpers.
Cons:

Market makers can present a clear conflict of interest in order execution, because they may trade against you.
They may display worse bid/ask prices than what you could get from another market maker or ECN.
It is possible for market makers to manipulate currency prices to run their customers' stops or not let customers' trades reach profit objectives. Market makers may also move their currency quotes 10 to 15 pips away from other market rates.
A huge amount of slippage can occur when news is released. Market makers' quote display and order placing systems may also "freeze" during times of high market volatility.
Many market makers frown on scalping practices and have a tendency to put scalpers on "manual execution," which means their orders may not get filled at the prices they want.

Argue with Investopedia, Personally, I moved away from the Market Makers for scalping. Lately the biggest Market Maker around here raised it's rates from fixed to variable costing one even more to get screwed. They should at least supply the lube.

GO Markets and Vantage are trying to; ASIC regulated, and just look at the mess about them on the FPA and other sites (including FF). I was one of the traders personally affected.

Will they get away with it between the regulators and Financial Ombudsman Service? We'll just have to find out.

I see some well-known brokers, they're doing very good but one trader would warning they as scammers. I don't know that trader's mistake or brokers's competitive or that broker is really scammer. But please consider which lead to scam, I mean which thing broker did and trader blame them for it.


But for the safe, please consider regulated, decent or any well-known brokers. It's better than a no-name broker.

Google the idea so when some sort of rejoinder: tools perform provide additional bonuses after you join up; even so, it doesn't suggest that you can take your extra by remitting your $1 minimal.
This agent could provide a extra however it incorporates problems, they could change from one to one other. You really should investigate terms and conditions and listen to what exactly problems make an application for your extra under consideration.