Show me a scam broker

Not only Licensed....but make sure they are Regulated by the particular authority, just because a broker is registered/licensed with a particular authority, it does not mean that they are necessarily regulated/governed by that authority..

I'm using instaforex too, as i used to participate their contest & forum. Withdrawing is still not a problem for me. They pay almost instantly. But i don't know if someone request above $1000, what will happen. Few days when i was having bad times. I saw, some of my trades are getting stopped out for 1 pips. I smell like stop hunting. But not sure or it could be really my bad luck.

Stay away from Tradefort. They will alter your statements so you lose all the evidence for a dispute. Instaforex will seize your profit from news trading. They may not allow scalping if it is written somewhere.

Does not pay income, does not answer email.

http://www.robustfx.com/EN/Default.aspx

for now,im trading with hotforex..they have a nice customer support..so if i had a problem,they can solve it immediately..all brokers had a bad and good reputation ..so start investing with small capital and try them first.good luck

Almost my local brokers are scammer. I don't know why but the commission is too high 30-40$ / lot and they delay to pay.

Yes no one has withdrawal trouble with instaforex. they are professional fraud broker. they do lots of thing to bankrupt you. for example when i did pending orders, before the price meets my pending order's price, the broker execute it. no just one or two times, all the time. or when you are in draw down the broker lower the leverage and you can not open new orders to manage your draw down. freezing prices and other stuff ....

many people use the word "scam" when things dont go their way, like slippage, or ea failure.

I've heard from friends about proper scams, refusal to pay 10's of thousands (or lack of ability to pay) - that's why ECN, STP and DMA brokers are growing in popularity, no risk for the broker and client

"Show me a scam broker"

Here's one:

http://static.alpari-us.com/docs_upd...osure_V1.3.pdf

fucking scam shop!!! Run for your lives!!!!!!!!

What makes you believe there is no risk with ECN, STP and DMA brokers ???

Investtechfx. Anyone using this broker may want to try getting their money back. Good luck.

http://www.rcmp-grc.gc.ca/on/news-no...ta-rgt-eng.htm

I got a phone call from YouTradeFx and obviously i had already given them my phone number... Their website doesn't allow me to change anything in the account information i have given there (no bank account or anything else like that) or at least i can't find it. Is there a way to do it because i don't want them to phone me again after reading the all those articles about them :-D

Please help!

Hello,

I publish this comment in order to explain my recent negative experience with YouTradeFX and to recommend to potential clients to be very careful before to trade using their services.

I have been a YouTradeFX (= YouTrade Holdings Limited) client for 2 years using their service of "managed account".

Before to let one of their traders manage manually my account (without using an automatic / robot or Expert Adviser-based service), I gave them an oral and written authorization (only by e-mail) to do so but I never signed a Power of Attorney (even if I asked repeatedly to their support department for one).

At the end (2 weeks ago) of the 2-years period and even after a change of trader (managing my managed account) due to many losses (trades closed with losses by the traders) and a continuous lack of communication and follow-up by my account managers (they had to change the manager because of other similar client claims !), the balance of my account is now 0 USD and they did not offer me explanations or solutions.

Along those years, I never registered benefits (I mean a balance with a value higher than my initial investment) and sent them messages and sometimes talked to them by phone in order to give them the order to be very cautious with my account but also to be active in order to see one day benefits.

Their support (and strategy services) department gave me bad recommendations and only excuses and false hope.

I feel now completely deceived by YouTradeFX and I explore the possibility to sue them for the illegal opening and the not reasonable management (bad fixing or lack of use of stop losses for example) of a managed account without the previous signature (by both parties) of a real Power of Attorney (in which the risks, commissions, and other data about the agreement / authorization had to be documented).

Even if they told me they were regulated by FSA (FSC and ASIC) and there was no problem to open an account for me, I am not sure if they were allowed to offer their services and open an account (managed or not) for Belgian or Spanish residents like me.

So, it would be also interesting to investigate such YTFX permits/regulations for Belgium and Spain, and if YouTradeFX was really not allowed to offer its services in these countries, they also could be sued for having doing so with me for 2 years.

http://www.leaprate.com/forex-indust...x-brokers.html

What do you think about Instaforex ?

It's popular but it's scam. I read in FPA about Insta case. Too many complaint and scam topics. I don't know is it true but it's better to avoid it.

forex place ltd (4xp) is a scam brocker. don't trade with 4xp they are fraud. 4xp is not answering my mails and withdrawl request . i have a $1008/- (one thousand eight us dollar) balance in 4xp a/c. someone help me how to recover my fund.

See it here.

http://www.forexpeacearmy.com/public/review/www.4xp.com

http://forexmagnates.com/bvi-fsc-den...pany-accounts/

thanks axiomafx for the links information but its very difficult for me to recover my funds from 4xp because international forex trading is illegal in india. thanks .