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Show me a scam broker

  • #261
  • Jan 18, 2016 4:28am Jan 18, 2016 4:28am
Mr Alex Cooper from UFX =SCAM
  • #262
  • Jan 18, 2016 9:43am Jan 18, 2016 9:43am
Privatefx - UA scam (ex fx trend), stay away from them
  • #263
  • Jan 19, 2016 1:50am Jan 19, 2016 1:50am
Quoting edyardy
{quote} whooowhh... hold on... Instaforex is a scam?
Is it too obvious? Did you read what client talk about Insta on FPA?
  • #264
  • Jan 20, 2016 3:34am Jan 20, 2016 3:34am
Quoting mlawson71
{quote} I took a look at the websites of the clone and the original and it's terrifying how similar they are. I'd totally conflate the two initially if I didn't know they're two different entitites. Regarding Instaforex - I've never been their client, but a very close friend of mine used to have a bonus account with them a few years ago. Admittedly, by now my memory's turned a little hazy, but I do remember she had trouble withdrawing her own profits. I couldn't tell you whether there would've been a problem with withdrawing if you had invested...
Insta lost their Belize license now they're unregulated. It means traders lost their last lever (though, hard to call Belize license as something useful), they can legally press this broker...
  • #265
  • Jan 20, 2016 7:14am Jan 20, 2016 7:14am
NEWTRADEFX is a FRAUD and SCAM. They are operating illegally and website said they are being warned by FCA and they give:
1) empty promises and does not honour what they agree.
2) misrepresent and make false claim to be FCA regulated.
3) they use your money to trade themselves in the managed account.
4) they manipulate your account to wipe out your equity. They created a spike on November 24th on the Euro/USD pair to spike to 1.3450 and dropped back to 1.0861 which l have the screen shot attached.
5) they do not process your withdrawal.
6) they threaten to take legal actions if you say negative things about them.

l attached my experience and documents of proof
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2016-01-20-17-42-11.png Size: 974 KB
Click to Enlarge Name: Screenshot_2016-01-20-17-42-06.png Size: 414 KB
Click to Enlarge Name: Screenshot_2016-01-20-17-42-00.png Size: 793 KB
Click to Enlarge Name: Screenshot_2015-12-08-17-09-43.png Size: 144 KB
Attached File(s)
File Type: pdf NEWTRADEFX IS A FRAUD AND SCAM_看图王.pdf   187 KB | 407 downloads
  • #266
  • Jan 20, 2016 8:26am Jan 20, 2016 8:26am
There are a lot of scam brokers in the market and its turning out to be real hard to find a genuine broker. with my experience I found out that Dukascopy is one of the genuine broker.

so if there are any other brokers who are genuine and can rely on them please let me know
  • #267
  • Jan 20, 2016 3:25pm Jan 20, 2016 3:25pm
Belize’s financial regulator, the International Financial Services Commission (IFSC) said earlier this week it has revoked the license of local MFX Broker Inc for acting as a forex trader. The reason for the license revocation is not clear, since the regulator did not explain its decision. You can read the full info here: http://www.forexbrokerz.com/news/bel...rex-broker-mfx
  • #268
  • Jan 21, 2016 10:39pm Jan 21, 2016 10:39pm
This is an email extract from FCA giving WARNING that NEWTRADEFX is a SCAM and not authorised to trade. Since they are not regulated, so anyone park their money will have risk of no monitory recourse or Ombudsmen service to get compensation.

I had invited NEWTRADEFX to join my thread in Forex Peace Army Scam Alert Forum that NEWTRADEFX IS A FRAUD AND SCAM. attached is the email extract that they still kept silent.
Attached File(s)
File Type: pdf FCA.pdf   197 KB | 762 downloads
File Type: pdf Invitation to join thread in Forex peace army scam alert forum（2）.pdf   132 KB | 247 downloads
  • #269
  • Jan 23, 2016 7:57am Jan 23, 2016 7:57am
Quoting deresel
Belizes financial regulator, the International Financial Services Commission (IFSC) said earlier this week it has revoked the license of local MFX Broker Inc for acting as a forex trader. The reason for the license revocation is not clear, since the regulator did not explain its decision. You can read the full info here: http://www.forexbrokerz.com/news/bel...rex-broker-mfx
They have to have done something to get their license revoked. The Belize regulator isn't entirely useless it seems, even if it's in an offshore zone.
  • #270
  • Jan 25, 2016 6:09am Jan 25, 2016 6:09am
The FCA warned about another clone - Delta Financial Markets is presenting itself as part of the Delta Trade trading brand and is copying the licensed broker DF markets by using its details.
  • #271
  • Jan 30, 2016 5:09am Jan 30, 2016 5:09am
Quoting highloss
This is an email extract from FCA giving WARNING that NEWTRADEFX is a SCAM and not authorised to trade. Since they are not regulated, so anyone park their money will have risk of no monitory recourse or Ombudsmen service to get compensation. I had invited NEWTRADEFX to join my thread in Forex Peace Army Scam Alert Forum that NEWTRADEFX IS A FRAUD AND SCAM. attached is the email extract that they still kept silent. {image} {image}
Has there been any further development since then? Did they respond?


Quoting mlawson71
The FCA warned about another clone - Delta Financial Markets is presenting itself as part of the Delta Trade trading brand and is copying the licensed broker DF markets by using its details.
This type of scam is getting more and more popular, unfortunately, and the scammers look more and more convincing and realistic. You have to keep your eyes wide open when you contact a new broker.
  • #272
  • Feb 5, 2016 8:03am Feb 5, 2016 8:03am
Please, someone explain to the guy where is preentscreen button
  • #273
  • Feb 5, 2016 8:12am Feb 5, 2016 8:12am
  • #274
  • Feb 8, 2016 5:03am Feb 8, 2016 5:03am
ASIC issued a notice that BocaFX is presenting itself as regulated in Australia and allowed to provided financial services there when in fact they weren't.
  • #275
  • Feb 8, 2016 5:32am Feb 8, 2016 5:32am
Quoting scarlett01
There are a lot of scam brokers in the market and its turning out to be real hard to find a genuine broker. with my experience I found out that Dukascopy is one of the genuine broker. so if there are any other brokers who are genuine and can rely on them please let me know

ohh God, Dukascopy...genuine broker...please, kill me! Common guys, let's help him to find another genuine one or let's tell him why his post is quite lack of ingenuity!
  • #276
  • Feb 11, 2016 2:10am Feb 11, 2016 2:10am
Brokers that has their names ending in markets are always never the best, I've learnt from experience. whether Admiral Markets or Azurite Markets are fake, I don't know. But I would never trade with either!
  • #277
  • Feb 13, 2016 5:19am Feb 13, 2016 5:19am
A US court ordered 4X Solutions Inc. to pay $11 million in fines and disgorgement because they were a Ponzi scheme after they defruaded different people with $4.8 million. There's a scammer, and then there's a Scammer like this.
  • #278
  • Feb 14, 2016 11:49pm Feb 14, 2016 11:49pm
Azurite Markets could be a possible scam. I had a friend who opened an account with this broker and even deposited some money, after trading for sometimes and earning some money, he could not withdraw his profits. and no one bothered o answer his mails!
  • #279
  • Feb 15, 2016 5:06am Feb 15, 2016 5:06am
Quoting dianajs
A US court ordered 4X Solutions Inc. to pay $11 million in fines and disgorgement because they were a Ponzi scheme after they defruaded different people with $4.8 million. There's a scammer, and then there's a Scammer like this.
It's good to see there is some justice served at least occasionally.

Quoting francmorio
Azurite Markets could be a possible scam. I had a friend who opened an account with this broker and even deposited some money, after trading for sometimes and earning some money, he could not withdraw his profits. and no one bothered o answer his mails!
That definitely sounds like a scammer. Is this broker regulated somewhere? If they are, your friend could complain to the regulator.
  • #280
  • Feb 16, 2016 6:28am Feb 16, 2016 6:28am
Why do people continue to use Instafx, if everything and everybody cry out that this is scam. They survive only because of their promotion or what?
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