Show me a scam broker | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Scam alert "FSC Regulation show Error 404" 7 replies

Is this broker a scam? 45 replies

True Story about Broco (a Scam Broker) 9 replies

Free $100 to start trading with this broker. scam? 9 replies

Attachments: Show me a scam broker
Exit Attachments

Show me a scam broker

  • #381
  • Mar 17, 2017 10:38am Mar 17, 2017 10:38am
Hello, I have been a client of IBAMARKETS.COM (SIR GLOBAL LTD) since October 2016.
Last month I asked for my first withdrawal of funds of 2,000 euros and they immediately disconnected the trading account,
They stopped giving me daily balances, they stopped responding to my emails and the tlf that puts on the web does not catch anyone.
Nobody gives me explanations of what happens. They do not want to give me my money.
  • #382
  • Mar 20, 2017 7:31am Mar 20, 2017 7:31am
Quoting Avenged
Hello, I have been a client of IBAMARKETS.COM (SIR GLOBAL LTD) since October 2016. Last month I asked for my first withdrawal of funds of 2,000 euros and they immediately disconnected the trading account, They stopped giving me daily balances, they stopped responding to my emails and the tlf that puts on the web does not catch anyone. Nobody gives me explanations of what happens. They do not want to give me my money.
I’m not surprised, unfortunately. Recently the FCA issued a warning about IBA Markets for soliciting clients without a license. What is more, the same broker has been claiming that they’re waiting for a license from the German BaFIN and that they’re licensed by the Russian organization Federal Financial Markets Service (FFMS), which ceased operations back in 2013.

I am sorry that you got scammed. Always research the broker you’re working with before you invest your money. Always work with licensed and regulated brokers.
  • #383
  • Mar 22, 2017 2:24pm Mar 22, 2017 2:24pm
Quoting mlawson71
{quote} Always work with licensed and regulated brokers.
Exactly as it could at least reduces the risks of being getting scammed i guess..
  • #384
  • Mar 26, 2017 1:13pm Mar 26, 2017 1:13pm
One scam broker i can add (i checked a few pages and didn't see any prior mention) is Porter Finance, Binary Options. Here the scam is quite simple they let you invest but refuse to let you have your money back. They offer a managed account service where an agent builds your account by 5% weekly. As he grows your account you are tempted to invest more as your winnings are a straight 5% of your bank. Once they think you are not going to invest any more they play a game where another agent has to step in and he losses everything for you. Even if they don't run your account down they still refuse to pay you back. Your money has gone to a separate company in Israel and the office in London is just a forwarding address.

This is part of a very large scam involving numerous BO brokers. Dalton Finance is another. Stay well away.
  • #385
  • Edited 7:03am Mar 27, 2017 6:43am | Edited 7:03am
Quoting shoot2scoot
One scam broker i can add (i checked a few pages and didn't see any prior mention) is Porter Finance, Binary Options. Here the scam is quite simple they let you invest but refuse to let you have your money back. They offer a managed account service where an agent builds your account by 5% weekly. As he grows your account you are tempted to invest more as your winnings are a straight 5% of your bank. Once they think you are not going to invest any more they play a game where another agent has to step in and he losses everything for you. Even if they...
I am not really at all surprised that a binary options broker is ripping off clients like this. It seems to be a standard practice for a lot of those companies. Things have gotten so bad that the FBI of all organization started issuing warnings against the industry, as well as listing the various ways they scam people out of their money, among them being identity theft, not crediting customer accounts or reimbursing funds to customers, as well as manipulating trading software.

Frankly, although there are probably some relatively decent binary options brokers out there, as a whole I wouldnt trust them at all and I'd always approach one with suspicion. The entire industry seems tainted by such complains about scams.
  • #386
  • Mar 27, 2017 7:27am Mar 27, 2017 7:27am
Quoting mlawson71
{quote}Frankly, although there are probably some relatively decent binary options brokers out there, as a whole I wouldnt trust them at all and I'd always approach one with suspicion. The entire industry seems tainted by such complains about scams.
Exactly i guess you are right as there are a lot many complains regarding the binary option brokers and seems that this industry need a lot of time in order to get at maturity levels.
  • #387
  • Mar 27, 2017 8:41am Mar 27, 2017 8:41am
Sure. I know that several countries are currently looking to ban BO trading. Canada for one and the UK is definitely considering it. The difficulty is that being online, it is difficult to police. Historically scam brokers have tried to gain respectability by being registered in countries like the US and UK but in truth have no assets based there. Israel and Cyprus are favorites for banking the money.

Recent scam brokers like Dalton Finance (same platform as Porter Finance) are updating their T&Cs to say that traders from these powerful countries cannot use the platform. This is because of the power of the regulatory bodies supporting cheated traders in those countries. Scam brokers don't want the attention and would rather have traders from smaller countries who cannot be well supported.

Scam brokers know their time in BOs is limited as they are being hounded now. So if you have invested in any BO broker I would get your money out fast ahead of the rush. You will only get out what you have deposited, don't even think about trying to get out any profit you might have made as it is a waste of time.
  • #388
  • Mar 27, 2017 10:00am Mar 27, 2017 10:00am
Quoting Traderberg
instafx is a SCAM broker. I deposited $20 on this broker. I traded on profit but I can't withdrawal anything. I hope FPA help me get money back Somebody said that if you cannot to withdraw big funds from broker then this broker is scam. What is "big funds"? I mean how many money are Big funds? Thank you

where did you life in HOLD? buddy

Instaforex is scamm from first day
  • #389
  • Mar 30, 2017 5:46am Mar 30, 2017 5:46am
Quoting shoot2scoot
Sure. I know that several countries are currently looking to ban BO trading. Canada for one and the UK is definitely considering it.
Actually, from what I understand, the situation in the UK is a little more complicated than that. Right now binary options brokers regulation falls under the jurisdiction of the Gambling Commission, but the FCA will actually bring some types of binary options under its own regulatory control, because people keep calling them with questions about “trading” binary options. I am assuming that they think it's better to start regulating them if people are going to take such a risk anyway. The new rules will come in effect on 3rd January 2018. Whether they will ban binary options after that remains to be seen.
  • #390
  • Apr 11, 2017 8:19am Apr 11, 2017 8:19am
Quoting mlawson71
{quote} I am not really at all surprised that a binary options broker is ripping off clients like this. It seems to be a standard practice for a lot of those companies. Things have gotten so bad that the FBI of all organization started issuing warnings against the industry, as well as listing the various ways they scam people out of their money, among them being identity theft, not crediting customer accounts or reimbursing funds to customers, as...
You are right and I agree with your claim !
  • #391
  • Apr 12, 2017 4:03pm Apr 12, 2017 4:03pm
Visit WesternFX , Guranteed fake.
  • #392
  • Apr 14, 2017 8:36am Apr 14, 2017 8:36am
The French regulator AMF recently issued a warning against several unlicensed entities working in the country, and among them was an Admiral Markets clone called Admiral Markets Global Solutions Ltd, as well as Trade24, which has already been included on the warning lists of regulators in many countries, such as Australia, New Zealand, Canada’s Ontario regulator and Belize.
  • #393
  • Dec 15, 2017 10:51am Dec 15, 2017 10:51am
12 December 2017 I'm Make Deposit at Superforex 741$ and NOT Request Bonus Deposit. I'm Trading Normally closed psotion always up to 3 minutes And Make Profit My Balance 1922.35 $ at 15 December 2017. I'm Make request withdrawal at 15 december 2017 and super forex cancel all my profit & Reject my withdrawal
warning..Superforex SCAM
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2017-12-15 at 22.33.10.jpeg Size: 451 KB
Click to Enlarge Name: WhatsApp Image 2017-12-15 at 23.21.00.jpeg Size: 279 KB
Click to Enlarge Name: WhatsApp Image 2017-12-15 at 23.22.47.jpeg Size: 162 KB
  • #394
  • Dec 18, 2017 9:05am Dec 18, 2017 9:05am
Denmark’s inancial Supervisory Authority (FSA) has issued a warning that the offshore forex broker SolidCFD is not licensed to provide financial services in the country. The company is purportedly registered in the offshore zone Vanuatu and regulated by the local Financial Services Commission (VFSC) and allegedly has an office in London. According to clients' reports they are refusing withdrawals, draining people’s credit cards and not returning calls and e-mails.
  • #395
  • Dec 23, 2017 4:32am Dec 23, 2017 4:32am
Hi everyone,
Has anyone traded with the broker Plus500? Would you consider it as serious broker or scam? I have my demo account with them. Trying to figure out if I should continue
Thanks
  • #396
  • Dec 24, 2017 5:32am Dec 24, 2017 5:32am
Quoting Feelgood219
Hi everyone, Has anyone traded with the broker Plus500? Would you consider it as serious broker or scam? I have my demo account with them. Trying to figure out if I should continue Thanks
The reviews are mixed, there were reported some violations against traders on their platform, such as pointing to their vague ToS when traders tried to withdraw susbstantial amount of profit, but generally they're ok. I had account with them but closed because of high spreads and moved to other brokers such as Pepperstone, Hotforex and Tickmill
  • #397
  • Dec 28, 2017 5:05am Dec 28, 2017 5:05am
is the swap charge work like this at Your broker?
any comment please....
Attached Image
Attached Image
Attached Image
Attached Image
Attached Image
Attached Image
Attached Image
Attached Image
Attached Image
Attached Image
  • #398
  • Dec 28, 2017 1:05pm Dec 28, 2017 1:05pm
Quoting azizrusman
is the swap charge work like this at Your broker? any comment please.... {image}{image}{image}{image}{image}{image}{image}{image}{image}{image}
Of course...
If the name of this broker is less or more known it won't spoil its reputation defrauding in that stupid way.

Of course rollover rates are applied for holiday days, its a common sense. Look at the neighbor thread, a trader was charged $1300 in swaps on EURUSD instead of 130
Though I closed my all trades with Hotforex, PP and Tickmill on 24, no sense to keep them open after that. Thin market, widening spreads I still wonder who don't want to go to New years' preparations.
  • #399
  • Jan 2, 2018 9:35am Jan 2, 2018 9:35am
Spain’s financial markets and services regulator CNMV has issued warnings against two unregulated offshore entities: the forex broker Trade12 and the Binomo binary options broker.
There has been multiple warnings against Trade12 from various regulators all over the world - from New Zealand's FMA, from Italy's CONSOB and from CySEC, while Russia's self-regulatory organization KROUFR blacklisted Trade12 over client complaints. More recently Australia’s Securities and Investment Commission and Brazilian Securities Commission (Comissão de Valores Mobiliários – CVM) have also warned against Trade12 and its owner company Exo Capital, registered on the Marshall Islands.
The other entry on CNMV’s warning list is an offshore binary options broker – Binomo – owned by an entity called Tiburon Corporation Limited registered in the Seychelles.
  • #400
  • Jan 5, 2018 10:11am Jan 5, 2018 10:11am
The UK regulator Financial Conduct Authority (FCA) issued a warning against a company which is a clone of one of its registered entities. According to the FCA the clone, GalaFX, presents itself as a broker targeting Turkish clients and it is using the registration number of a Bulgarian company called Enterpays Global Payment Solutions that is registered as an EMD agent with the FCA.
3 traders viewing now