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Black List of Brokers

  • #61
  • Apr 12, 2016 6:46am Apr 12, 2016 6:46am
Did you yourself had experience with these brokers.I see many of them.
Yes, I agree that we should warn everybody stay away from bad brokers
but only when we were scammed by them. That makes the thread more valuable and practical.
  • #62
  • Apr 22, 2016 10:16am Apr 22, 2016 10:16am
Quoting Soros
FXPIG owes me roughly $30k from last year.. they short changed me.
On the comments by user Soros here; Without even knowing his/her real name, I can unilaterally, without hesitation, tell you that his/her stated claim that FXPIG owes him/her money is 100% false. How can I be so sure? We owe money to no one, nor has anyone, client or otherwise, ever made such a claim to us directly.

Soros, I would invite you to get in touch with me directly so I can check on the validity your claims.
Kevin Murcko | CEO at FXPIG
  • #63
  • Apr 22, 2016 11:50am Apr 22, 2016 11:50am
Quoting juisen25
check this pure bucketshop http://www.forexfactory.com/showthre...26#post8788826
Im trading in pepperstone since 2011 mt4 actualy edge acount, no problems ok!! I dont work in any broker ok!!
  • #64
  • Apr 25, 2016 4:23am Apr 25, 2016 4:23am
The FCA issued a warning against the RBS Bourse binary options broker. According to the watchdog, the company is not licensed to provide financial services and advice in the UK, but has been targeting people in the UK residents. The FCA also notes that RBS Bourse does not have an affiliation with RBS Asset Management, a subsidiary of the Royal Bank of Scotland. Their website is in French and has been added to the French AMF warning list among other unauthorized brokers.
  • #65
  • Apr 25, 2016 4:34pm Apr 25, 2016 4:34pm
Quoting piupiu
{quote} Im trading in pepperstone since 2011 mt4 actualy edge acount, no problems ok!! I dont work in any broker ok!!
I am also wondering why pepperstone on this list. I have no problems with them so far!
MY SITTING, NEVER MY THINKING!
  • #66
  • Apr 26, 2016 11:28am Apr 26, 2016 11:28am
Quoting edyraper
edit -3 : Guys from brokers not allowed to post here in any situation, IB and broker guys please don't post here .
please don't post here if you are one of the above ...
  • #67
  • Apr 26, 2016 1:18pm Apr 26, 2016 1:18pm
I think that Pepperstone and FX Pig should be removed by the black list. Do not understand if also FX Open is in the list, but if yes should be removed too
  • #68
  • Apr 26, 2016 3:21pm Apr 26, 2016 3:21pm
Quoting corre71
I think that Pepperstone and FX Pig should be removed by the black list. Do not understand if also FX Open is in the list, but if yes should be removed too
I am of the same opinion, the cases referred to as scams do not have enough weight to consider Scam.
  • #69
  • May 2, 2016 4:54am May 2, 2016 4:54am
Italy’s financial regulatory body CONSOB issued a warning notice against CVC Ltd., trading under the CVC Groups brand, is not authorized to provide financial services in the country, including trading in forex instruments.
The watchdog noted that CVC Ltd. is not related to CVC Capital Partners Group Ltd. and its subsidiaries.
On its website, CVC Group claims it is an electronic communication network (ECN) forex broker that is based in Anguilla, but it provides no information regarding regulation or authorization.
  • #70
  • May 5, 2016 7:57am May 5, 2016 7:57am
Quoting mlawson71
Italys financial regulatory body CONSOB issued a warning notice against CVC Ltd., trading under the CVC Groups brand, is not authorized to provide financial services in the country, including trading in forex instruments. The watchdog noted that CVC Ltd. is not related to CVC Capital Partners Group Ltd. and its subsidiaries. On its website, CVC Group claims it is an electronic communication network (ECN) forex broker that is based in Anguilla,...
I wonder whether they were trying to present themselves as clones of CVC Capital Partners, or it was just a coincidence in the name. You never know when something like this happens.
  • #71
  • May 7, 2016 10:32am May 7, 2016 10:32am
Thank for that thread. but I'm a suspicious person, I would like to hear the reasons why they are bad brokers as well.
  • #72
  • May 7, 2016 11:48am May 7, 2016 11:48am
I have had a few bad experiences with Forex.com
Will try and get my exact trade and story up. This involves having an order during trading hours to buy and sell where there were instances that a stop loss did not kick in until way below actual stop loss price. A buy order and sell order executing at huge price differences resulting in huge losses when I should have made good profits. Not sure if anyone lose has had any issues with Forex.com
Trying to find the perfect broker with best trading platform
  • #73
  • May 8, 2016 3:10am May 8, 2016 3:10am
ProTrade in Hong Kong added to warning List which is pretty much a Black List
http://www.financemagnates.com/forex...-warning-list/

I noticed that this is a list of the licensed ones in Hong Kong and that Forex.com is not on there and that they used to have an office in the same building that the Rothschild's Office is at (16th Floor Alexandra House 18 Chater Road Central Hong Kong) but that office is now closed for some odd reason with no new official address.
http://www.forexbrokers.hk
  • #74
  • May 9, 2016 4:15am May 9, 2016 4:15am
New Zealand’s watchdog, the Financial Markets Authority (FMA), added United Global Holdings Limited to its list of businesses to be wary of. The company trades as FX United and has two websites: fxunited.com and fxunitedpowerinternational.com. According to the FMA, it falsely claims to be endorsed and highly regulated by the watchdog.
The FMA notes that it does not legitimate or endorse any entity in this manner and recommends New Zealand consumers to be extra careful when dealing with any business claiming to be endorsed by the FMA.
  • #75
  • May 12, 2016 10:33pm May 12, 2016 10:33pm
more and more proof this is pure bucketshop

Ronaldo, Rio de Janeiro, Brazil
Rating:http://static.forexpeacearmy.com/ima..._star_full.pnghttp://static.forexpeacearmy.com/ima...star_empty.pnghttp://static.forexpeacearmy.com/ima...star_empty.pnghttp://static.forexpeacearmy.com/ima...star_empty.pnghttp://static.forexpeacearmy.com/ima...star_empty.png
Date of Post:2016-05-02
Review:I have being trading Forex for almost 3 years with different Brokers, and it is weird because I really thought that Pepperstone was a good broker, till one day I open a trade without SL and after some minutes while still in negative position, the SL was created very close to the price. I was surprised because I did not have any EA running and my Expert Advisors button from MT4 was off, so it was impossible for me to have any robot changing my SL. I tried to change the SL manually and I also tried to delete the SL, but all my actions was overruled by another robot running on my account, since I knew the only MT4 platform that I had running was the one in front of me was impossible for me to have any mistake. So, I decided to contact the Pepperstone support chat and I explained to the guy my situation, and he told me that he was going to check, and after a minute I had control over my trade SL. I was shocked to see that this Broker was using some Trailing Stop on negative positions to make you lose money. After this day I never traded again with Pepperstone. For me it was a good Broker until this fact happened to me.
Mohd Azlan bin Ab Rahman, Terengganu, Malaysia
Rating:http://static.forexpeacearmy.com/ima..._star_full.pnghttp://static.forexpeacearmy.com/ima..._star_full.pnghttp://static.forexpeacearmy.com/ima...star_empty.pnghttp://static.forexpeacearmy.com/ima...star_empty.pnghttp://static.forexpeacearmy.com/ima...star_empty.png
Date of Post:2016-04-27
Review:Not recommended. This is my first month trading with them and they already have problem. They close my hedge position for GJ, both buy and sell with the same lot size. Yes, there shouldn't be any reason to do stop out, since there is no margin requirements to trade, but then the trade still get closed. Still waiting to get my deposit back.
  • #76
  • May 14, 2016 9:33pm May 14, 2016 9:33pm
This is a great thread. We need a similar thread for brokers that we can trust. Both regulated and unregulated.
  • #77
  • May 16, 2016 5:21am May 16, 2016 5:21am
Canadian provincial financial regulator British Columbia Securities Commission (BCSC) issued a warning against unauthorized binary options broker and platform provider Magnum Options, which is part of Hampshire Capital Ventures Ltd. The broker provides services to local citizens without having an authorization.
The regulator noted that neither Magnum Options, nor Hampshire Capital Ventures are registered to trade in, or advise on, securities or exchange contracts in British Columbia.
On its website, Magnum Options says it is based in the UK, but there is no mention of licensing or authorization.
  • #78
  • May 19, 2016 3:29am May 19, 2016 3:29am
Quoting mlawson71
Canadian provincial financial regulator British Columbia Securities Commission (BCSC) issued a warning against unauthorized binary options broker and platform provider Magnum Options, which is part of Hampshire Capital Ventures Ltd. The broker provides services to local citizens without having an authorization. The regulator noted that neither Magnum Options, nor Hampshire Capital Ventures are registered to trade in, or advise on, securities or exchange...
Frankly, I would steer clear of binary options, regardless of whether they're licensed or not.
  • #79
  • May 21, 2016 3:06pm May 21, 2016 3:06pm
Quoting mlawson71
Canadian provincial financial regulator British Columbia Securities Commission (BCSC) issued a warning against unauthorized binary options broker and platform provider Magnum Options, which is part of Hampshire Capital Ventures Ltd. The broker provides services to local citizens without having an authorization. The regulator noted that neither Magnum Options, nor Hampshire Capital Ventures are registered to trade in, or advise on, securities or exchange...
Thanks for your hard work, I like the way you share details plus links here, cheers.
  • #80
  • May 21, 2016 3:45pm May 21, 2016 3:45pm
pepperstone is not a scam broker. nough said.
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