Show me a scam broker

Here's one Futures Galleria Blog an obscure unregulated virtual broker complete with false street address and credentials in Indonesia. Also unregulated in Indonesia or anywhere else

This one is a super scammer because they started by generating their own signal that was very popular under the name of Johnpaul77 to which many people around the world subscribed. Many also became clients of Futures Galleria Blog on Johnpaul's recommendation in order to get better signals.
At some point the signal started to go a flat and subscribers were lost by the very erratic trading. Then after weeks of holding long Eur/Usd and GU with large positions the account was down by 48.66%.
Futures Galleria Blog were able to delete about 38% of the losses and now show only about 10% down on the books but their clients are asking about the missing trades and how can a trade that started out as 1.1 std lots suddenly overnight become a position of .11 lot and why is the difference not shown in the Johnpaul77's history file?
Well many excuses galore but guess what, the money is in the bank. All the clients of Futures Galleria Blog that were subscribed to their recommended Johnpaul77 signal have donated half their account to Futures Galleria Blog. The brokerage has been thrown under the bus (supposedly) by Johnpaul77 and all should be forgiven. I wouldn't be surprised if the brokerage does not vanish overnight with the rest of the funds.

I guess they can always rename their brokerage and keep going with the Johnpaul77 signal and do it all over again. There are so many fish in the sea.

Following is the official excuse for burning everyone's money taken straight off their webpage:
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Dear Traders Family Community,
Throughout our career as a trader, maybe this is one of our biggest disappointment.
Some of you might know that our broker partner, Futures Galleria had terrible failure towards us and their client.
On Monday, 18 August 2014, their process to change the standardization of mini lot size from 1 to 0,1 turned out to be system failure.
Moreover, they did it without any prior notice or announcement to their clients. It had left us in terrible error of trading for the whole 2 days that affected our subscribers and sucked our portfolio’s drawdown nearly 50%.
Many of our subscribers from MQL5 and Myfxbook also suffered from this system failure which resulting loss and trade errors.
On behalf of our clients and subscribers, it has become our duty to make an important decision before it drags them into the depth of kicking and screaming.
Today, we has made the decision to sever our partnership with Futures Galleria as our broker and this decision is final.
Following our decision, we suggest our beloved investors who still have fund in Futures Galleria to withdraw and close their account. We can not provide the client protection at Futures Galleria anymore in the future.
As the result of the decision we have made, we will pause or not trade until further notice.
For investors who still have a trade issue regarding this huge stupid mistake from Futures Galleria, please inform us your account number and transaction order immediately. We will make it up.
We apologize for the inconvenience..
JP

I also got cold call from these people , SCAM picked it first off so when I told him forexpeacearmy wants to chat to them he hungup

Websites are paid for probably for a year. So they will keep running. No one can do anything about it. Personal Cabinet and MT4 server are down.

Roboforex
they never paid me my money open positions i never ordered to open they are big pure scams and still emailing me
***** them

If your claims are correct, file for a case on the FPA and upload proof. I can't post links here but feel free to google "Roboforex FPA", register and file a case and present proof.

well I have been with roboforex for over 2 years your comments are so bad and vague I have withdrawn money over 115 times , there are one of the honest brokers out there COME ON SHOW US YOUR PROOF , I CALL ON THIS FORUM TO BRING YOU TO TASK OVER YOUR COMMENTS

I have to admit that I have faced problems with Roboforex but they were execution speed problems. Other than that, I would call it a prefect broker and withdrawals are automatic.

I agree but so as so many others also I also trade with hotforex and speed and execution is a problem but they also have automatic payments and I have never had a problem with withdrawals

so like you I would rather trade with a trusted company like roboforex and hotforex scams they are not , perhaps the person saying it is a scammer does not have the right docs for withdrawals that's a constant problem when they join

Can't disagree

withdrawals are a major concern, even if they pay 90% of their traders, there is the 10% and its enough to flag them as scam, If its tecnical issues or what not i hope they resolve it fast, but they way i look at it the complaints are piling up on roboforex and thats not a good sign. I trade with hotforex too, and there was never an issue with withdrawals for 3 years now so thats always good.

Hey jiggz, ho do you recommend as trustworthy for the withdrawals? i'm still looking for a broker. thank you

I can't talk on behalf of all brokers coz there is only a hand full i have tried, let me share my exp instead. I do trade mainly with hotforex and I use two methods to withdraw, first i used to withdraw with skrill.com or also known as moneybookers, they are a strict with regards to documentation so make sure to verify everything before proceeding, but it never failed and usually i get my money from moneybookrs with in 5 days, another method I use is the payoneer debit card, it a lot easier and i withdraw my money directly from the card, now regarding withdrawing money from hotforex I use the myhotforex user interface, its very very easy, transfer money directly from my trading account or wallet virtually with 24 hours max. a year ago i was still scanning forms to withdraw but now its semi-automated which is a lot better. have i ever encountered a problem withdrawing? No, there was a time i had a slight delay it took i guess close to 4 days but this was back in 2012 but it still pushed through. I can only speak for my self here.

hotforex is good company, but dont take my word for it, do some research with review sites and some user feedback and if you decide to join start small to test the live environment, If im not mistaken they do not accept US and Canadian clients due to regulations, but this broker is pretty much popular in asia and eastern europ best of luck

jiggz

Thank you Jiggz, i'll check it out. I have also looked at other Asian broker and I found Nakitrade, have you heard of them?
Cheers

Hi everybody!

Iam new on this and i need help with this thread.....Its seems to be many scams out there.

I want to have a broker that can or need to manage my account, i dont have the time for it.

Does anyone know o good broker inside Eu that do managed account?

/ Thanks Leif

What you are looking for is probably a PAMM broker. There are not a lot of brokers that do PAMM. You will have to use google and do the work to find one that suits you

why isnt anybody talking about youtradefx. KEEP OFF those scammers. they keep changing their name like baby diapers . if you have an account with them CLOSE IT NOW

FXCM would be what I call a scam broker, and it's all been proven,
they have been fined millions, and it wasn't the first time they got busted

Hi,
I checked out different brokers and as explained before, i'm looking for an asian broker as i believe that they are more serious. I''ve been called again by Nakitrade, they also offer PAMM accounts. Has anybody heard of them? Thank you

I had a feeling it was a japanese based broker, but the only thing i see is its office address, it has a 1 person per day visit rate and some linked sites most of them are blogs and on is a french website.. its prety much new and i cant find any regulations on the site. I'd avoid it for a while till i see some feeds from actual traders and maybe some regulations to it.

Apparently they are operating through Leverate. Now to my own knowledge, Leverate is pretty reputable.