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Forex Scams, newbies should read!
railsh00ter
post May 24 2006, 12:41 AM
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I wonder... would they be so quick to bet against me when I only set my stop limit to 10 pips? Wouldn't it more advantageous for them to bet against a trader that was trying to pull in 30 to 50 pips? I purposely don't set a stop loss so they have no way of knowing where I might decide to take a loss or if I will. If I trade at a 10 pip limit and another trader trades the same pair at a 30 pip limit and they bet against that trader based on his order then might I not have a good chance of reaching my 10 pips?

Just thinking out loud biggrin.gif


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mutant dog
post May 24 2006, 03:42 AM
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I'm thinking maybe they have a few seperate feeds that they send to different groups of people depending on how they assess each of us.

On the other hand maybe they just watch for traders that are making profits and spend a little "one to one" time on them.

I wonder now whether the beginners luck i experienced with my first couple of random trades in FXCM demo were also manipulated.

Paranoid?! dry.gif


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fxinvestmentpool...
post May 24 2006, 03:56 AM
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Depends on the service. But there is ALOT of manipulation in demo accounts. Price teasing etc etc. It happens with all.

I am currently investigating my broker and getting quite mad at them now too.


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Machenka
post May 24 2006, 05:06 AM
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Wow, i just closed down my account at FXCM and transferring all funds to Oanda instead. Thats some disturbing reviews! hellno.gif
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fxinvestmentpool...
post May 24 2006, 05:09 AM
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Off topic, but im so buying a rabbit like the one in your arv.


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knilles
post Jun 10 2006, 01:56 AM
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Please read the following links, it says it all!!!

Now I am here, does anyone know any good non dealing desk brokers, once you have read the links you will know what I am talking about.....

http://en.wikipedia.org/wiki/Forex_scams
http://en.wikipedia.org/wiki/Currency_market
http://nondealingdesk.blogspot.com/
http://nondealingdesk.blogspot.com/2006/04...ges-and_21.html

Happy trading to you all!

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erick42
post Jul 18 2006, 11:10 PM
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forexbas*ard.com is one biggest scam i must mention here is http://tinyurl.com/pvpum
yes felix bas*ard is a big scammer of forex world beware of that guy. he will threat you in email.

This post has been edited by erick42: Jul 18 2006, 11:18 PM


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cheese
post Jul 19 2006, 12:33 AM
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Just curious Erick, but how did Felix threaten you in an email? I havent heard of anyone else having a problem, and I myself have had only good experiences so far.


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Spottrader
post Jul 19 2006, 02:36 PM
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i should mention .. one good broker.. whom i m using currently.. they are very famous and reliabale broker from USA.
http://www.interbankfx.com they provide you Both Platform of MT3 and MT4.
The Good quality of a broker is not to trade against your clients.. Mostly scammer comapnies trades against their clinets .. this is not good on behalf of trader..
hope you guys can understand the whole game.

This post has been edited by Spottrader: Jul 19 2006, 02:37 PM


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ESKhan
post Jul 19 2006, 04:49 PM
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Anyone have any comments on RapidForex.com?

I think they also suggested using FXCM. Are FXCM really that bad?
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taekmanis
post Jul 20 2006, 12:50 PM
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QUOTE(ESKhan @ May 21 2006, 06:24 PM) [snapback]2153289[/snapback]

Good article... Do you have any ideas on which trading brokerages/paltforms are NOT scams?
At the moment I am eye-ing Northfinance MT4... any feedback please?


after i try to search i found this fact about northfinance. northfinance is not register in cyprus. this link that containing about that http://www.cysec.gov.cy/licence_members_1_en.aspx#30. and may be you can use this too http://www.cysec.gov.cy/licence_members_3_en.aspx. i can't found northfinance there. i only found Windsor Brokers Ltd, forex broker using meta 4.

QUOTE(ESKhan @ Jul 20 2006, 07:49 AM) [snapback]2495505[/snapback]

Anyone have any comments on RapidForex.com?


u can try this site www.fx-review.com. u can found information about RapidForex


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pLatErInA
post Jul 21 2006, 10:31 AM
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should i open an account in FXCM? Is it a reliable forex broker? Im a forex newbie here. Please consult me
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fxinvestmentpool...
post Jul 21 2006, 11:07 AM
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Northfinance is a russian company. They have an office in cyprus which also has their helpdesk .

I have also seen touched tasted if you will the office in cyprus.


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mutant dog
post Jul 21 2006, 11:16 AM
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QUOTE(pLatErInA @ Jul 21 2006, 07:31 PM) [snapback]2505864[/snapback]

should i open an account in FXCM? Is it a reliable forex broker? Im a forex newbie here. Please consult me

I wouldn't.

However if you are a complete noob, their demo platform is easy to use and a good place to learn the basics. Just dont give them your money.


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tasator
post Jul 21 2006, 11:33 AM
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I just saw a website called www.forex-mlm.com. I decided to request more information by opting in but never received additional info. Does anyone has any information on this site? thanks


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