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Show me a scam broker

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  • Post #341
  • Quote
  • Aug 10, 2016 10:55pm Aug 10, 2016 10:55pm
  •  Blackice
  • | Joined Mar 2009 | Status: Member | 76 Posts
FxPro is big Scam, if you don't want your money, you can trade with them
 
 
  • Post #342
  • Quote
  • Aug 11, 2016 2:28am Aug 11, 2016 2:28am
  •  Makavell
  • | Joined Mar 2013 | Status: Member | 496 Posts
Quoting Blackice
Disliked
FxPro is big Scam, if you don't want your money, you can trade with them
Ignored
If you call them a scam then you must be a very lousy trader
 
 
  • Post #343
  • Quote
  • Aug 11, 2016 2:35am Aug 11, 2016 2:35am
  •  Blackice
  • | Joined Mar 2009 | Status: Member | 76 Posts
What is the correct name if broker playing in prices
ScamPro
 
 
  • Post #344
  • Quote
  • Oct 27, 2016 6:53am Oct 27, 2016 6:53am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
The Nova Scotia’s Securities Commission (NSSC) in Canada has issued a warning against the binary options automated trading program named Canuck Wealth / Canuck Method / Binary Online. According to NSSC representatives of the Canuck Method have illegally solicited residents of the Canadian province to invest in binary options, without being authorized to operate in the country. Also, In fact, the Denmark’s regulator had recently issued a warning against The Danish Method (Den Danske Metode) binary options trading signals service that promises spectacular profits to inexperienced traders. The Canuck Method/Wealth appears to be a version of the Danish Method. There are also the The Brit Method and The Aussie Method, all of them using similar design, wording and the same ungrounded promises of massive profits to solicit gullible investors.
 
 
  • Post #345
  • Quote
  • Oct 28, 2016 4:08am Oct 28, 2016 4:08am
  •  Sniper-FX
  • | Joined May 2013 | Status: Member | 75 Posts
ETXCapital (Monecor (London) Ltd)
 
 
  • Post #346
  • Quote
  • Oct 31, 2016 7:05am Oct 31, 2016 7:05am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
The Swiss financial regulator FINMA has added the binary options broker Swiss Royal Banc to its list of unregulated entities. Between the misleading name falsely associating them with a hugely prestigious financial institution and the fact that they claim they are based in London but aren't registered by the FCA their legitimacy is highly suspect.
 
 
  • Post #347
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  • Nov 1, 2016 1:45am Nov 1, 2016 1:45am
  •  hishamy
  • | Joined Jun 2011 | Status: Junior Member | 1 Post
Hi... I just want you to be careful with Forts broker. They have cheated me of 14K USD. During the sudden GU dip, they have dishonestly having an extra 600 pips down and it was differ from other Broker. other broker dip only 600pips but they have dipped 1200 pips instead. then they adjusted back the chart and the lowest it had been to which was 1.481 (GbpUsd) was no longer seen. Instead it shown in their chart the lowest it had been was 1.920 approx. Never chose this broker as they are real liar, robber, thief, burglar.... NEVER Never use Forts
 
 
  • Post #348
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  • Nov 7, 2016 6:15am Nov 7, 2016 6:15am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
The Dutch financial services regulator AFM has published a warning that the company BMO Monex Securities could be a boiler room scam.
Besides using a name similar to that of the Japanese forex broker Monex and claiming to have a corporate address in Tokyo, the company offers wealth management services, among which investment in forex. The other address BMO Monex Securities provides, is in Toronto, Canada.
 
 
  • Post #349
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  • Nov 17, 2016 1:17pm Nov 17, 2016 1:17pm
  •  Maritov
  • | Joined Nov 2016 | Status: Member | 44 Posts
Are there really scam brokers, I think traders define brokers base on their individual assumptions and needs. People call brokers scam based on the facts that the broker did not meet their need or there were some clause of agreement.
We should carefully ask well before choose a broker, look at their terms of agreement and conditions.
 
 
  • Post #350
  • Quote
  • Nov 17, 2016 8:39pm Nov 17, 2016 8:39pm
  •  PaulDaemon
  • | Commercial Member | Joined Jan 2015 | 1,352 Posts
Quoting Maritov
Disliked
Are there really scam brokers, I think traders define brokers base on their individual assumptions and needs. People call brokers scam based on the facts that the broker did not meet their need or there were some clause of agreement. We should carefully ask well before choose a broker, look at their terms of agreement and conditions.
Ignored
Some are scamers such as Banc De Binary and some just dishonest see part on Brokers.
20 Pips a day keeps centerlink away
 
 
  • Post #351
  • Quote
  • Nov 21, 2016 3:43am Nov 21, 2016 3:43am
  •  leebsurag
  • | Membership Revoked | Joined Oct 2013 | 877 Posts
Quoting XTrade
Disliked
here is the link http://www.nfa.futures.org/basicnet/ the further you dig the more dirt you find. and believe me it get's ugly. violations, accusations, thefts charges, Look into "Florida Forex Scams" on a web search.
Ignored

Do you mean US regulated brokers are also not so clean? I think their internal audits reveal many issues.
 
 
  • Post #352
  • Quote
  • Nov 21, 2016 5:59am Nov 21, 2016 5:59am
  •  FiveK
  • | Joined Nov 2016 | Status: Member | 20 Posts
I was looking at FxPro for a demo account, glad I gave them a miss!
 
 
  • Post #353
  • Quote
  • Nov 22, 2016 3:49am Nov 22, 2016 3:49am
  •  alextrader79
  • | Joined Sep 2016 | Status: Member | 539 Posts
Quoting FiveK
Disliked
I was looking at FxPro for a demo account, glad I gave them a miss!
Ignored
Hey man, in fact, you might not be afraid to open demo accounts with ANY broker, as you won't lose your money anyway. It's a thing for practice. We are talking about real money here.
Nevertheless, you can learn lots about the level of service of some company if you open a demo acc. But you won't be scammed. LoL
 
 
  • Post #354
  • Quote
  • Nov 22, 2016 4:03am Nov 22, 2016 4:03am
  •  FiveK
  • | Joined Nov 2016 | Status: Member | 20 Posts
Quoting alextrader79
Disliked
{quote} Hey man, in fact, you might not be afraid to open demo accounts with ANY broker, as you won't lose your money anyway. It's a thing for practice. We are talking about real money here. Nevertheless, you can learn lots about the level of service of some company if you open a demo acc. But you won't be scammed. LoL
Ignored
Yeah, I was only looking for someone reputable for a demo as it'll give me an indication what they're really like if I ever use real money.
 
 
  • Post #355
  • Quote
  • Nov 22, 2016 6:30am Nov 22, 2016 6:30am
  •  pharley
  • Joined Apr 2013 | Status: Member | 596 Posts
CMC Markets - bucket shop and stop loss hunting - spike the price to hit SL's then make the spike disappear. That's why I trade through ECN now and never a market maker.
 
 
  • Post #356
  • Quote
  • Nov 22, 2016 8:43am Nov 22, 2016 8:43am
  •  alextrader79
  • | Joined Sep 2016 | Status: Member | 539 Posts
Quoting FiveK
Disliked
{quote} Yeah, I was only looking for someone reputable for a demo as it'll give me an indication what they're really like if I ever use real money.
Ignored
You are right in a some way, but the truth is that practically all brokers act normally when a trader uses demo. Problems begin as soon as he wants to withdraw a big sum of money and a broker closes his account.
 
 
  • Post #357
  • Quote
  • Nov 22, 2016 10:16am Nov 22, 2016 10:16am
  •  ivebeenthere
  • | Joined Nov 2016 | Status: Junior Member | 1 Post
The problem actually begins as soon as they go live wit real money. They let you win a little, at first. And if they see you being too profitable, they start going against your positions on every trade to cause margin stop-outs especially on small accounts (an assigned algorithm to your acct), widening the spread, tp/sl hunting the whole nine. They can even manipulate some robots you leave running to start losing your money. And the fake broker review sites advertise these thieves as ecn/stp when most, if not all are not--regardless of account type. Brokers are there simply to make money, not make you money. They have to maintain a certain equity level to stay in business, so naturally they'll let a few make a little money, while most lose theirs. The only chance you have of make a little money with these broker types (with currencies) is make large deposits, wait for breakout market movements (using accurate indicators), and become an eagle scalper. This way you kinda avoid margin calls because you have more leverage, and you can use bigger lot sizes to get in and get out and make a worthy-while profit. And if setting tp/sl, use a hidden tp/sl manager so the broker can't see them! I've been burned when I was a newbie so I speak from experience. Also, STAY AWAY FROM FX CHOICE!!
 
1
  • Post #358
  • Quote
  • Nov 24, 2016 6:16am Nov 24, 2016 6:16am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
The International Financial Services Commission (IFSC) of Belize said that the entity XMAXBIT is falsely and fraudulently claiming to be an International Business Company (IBC) registered in Belize.
The company, which among other services offers Forex trading, presents on its website a certificate of incorporation purporting to be an IBC registered in Belize. However, this certificate is a complete forgery, as the IFSC referred to it. This entity is not licensed/regulated by the International Financial Services Commission or any other competent authority in Belize to conduct any type of trading business, the watchdog said.
 
 
  • Post #359
  • Quote
  • Nov 25, 2016 8:07am Nov 25, 2016 8:07am
  •  thepiphunter
  • | Joined Oct 2016 | Status: Member | 57 Posts
What's up with all the hate against FxPro ? I have an account with them for a year now and trading actively, never saw any irregularity. If you guys know something that I don't, please open my eyes
 
1
  • Post #360
  • Quote
  • Nov 28, 2016 6:48am Nov 28, 2016 6:48am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
The Malta Financial Services Authority (MFSA) issued a warning notice against unauthorized binary options platform provider Gemini2. Moreover, the platform seems to be a scam - they actually claim it's a no-loss trading software.
The MFSA noted it “is likely to be a scheme of dubious nature with a high risk of loss of money” and asked investors not to engage with it.
 
 
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