I invested a few thousand and used their online platform, which seemed to work very well. I could see my trades were resulting in good profits. I invested more at their insistence and they promised I would earn even more. When I wanted to withdraw my money I was told I would need to pay taxes on my profits before I could access it. I was never warned about this but they insisted I needed to pay taxes before I could get my money back. After I asked for my money, my trades started to fail and my accumulated profits were starting to decrease.
They said I would lose everything unless I invested more as an emergency. I feel very embarrassed by this scam — they were very convincing and professional. These scams continue to surge. These days, forex adverts on social media are synonymous with pictures of luxury cars or houses and some fraudsters even go for celebrity endorsements with the aim of turning social media followers into customers. Some do this because they already have some technical knowledge of forex trading.
Forex traders should not get carried away by bogus promises; in this article, we will discuss some forex scams and how to detect them. However, retail forex trading is not regulated in many countries and so any forex broker operating in unregulated regions are doing so with a foreign license from mostly offshore regulators. While there are some reputed forex brokers with a track record of being well regulated in multiple regions, most of the brokers in these regions are not regulated with any regulatory body.
Unlicensed brokers operate brokerage firms and offer trading platforms to the public and when a trader pays money into the account, he is not able to withdraw it. As a rule of thumb, before patronizing any forex broker anywhere in the world, you should go to the relevant regulator's website and check for a list of licensed forex brokers in your country.
In case it is a grey area, as in, there is a lack of regulation, but it is not illegal, and you still want to trade, in that case avoid any brokers that are not multi regulated. Some scammers sell trading signals and robots configured to tell a trader when to place a trade or close a position.
These forex robots are better used in technical analysis to assist you but should not be relied on to predict the market. After paying the fee, the trader begins to receive email notifications each time a new signal comes out and the trader places a trade using this signal information. The problem is most times after parting with cash a few email signal notifications are sent and then the scammer cuts off communication with the trader.
Also, there is no guarantee thar these signals work. These scams target more of inexperienced traders who are in a hurry to make profits and are looking for a passive technique that guarantees success. Most of the Standard Accounts at forex brokers are spread only with zero commissions but they make up for it in the spread.
The spread is the difference between the bid and ask price of a currency pair. The broker could say that their spread is higher than what other brokers offer because of the Bank they are dealing with on the backend, and even make up other reasons. Traders should check with other brokers and see what spread they are offering for the currency pair in question. Is the broker frequently manipulating the prices? This is referred to as slippage. A scam forex broker could capitalize on this and refuse to execute orders on time till the exchange rate of a currency pair falls thereby triggering the traders stop loss order which now becomes a market order, and the trader is forced to cut his losses and sell off the currency pair at the next available price which the broker buys at a discount.
To avoid this some brokers like CMC markets, offer guaranteed stop loss orders GSLOs that a trader can buy at a refundable premium to hedge against the risk of slippage. Traders should always visit online App stores and read user reviews about their brokers App to see if any user is complaining about manipulation of prices or any illegal activity. This visit should be done regularly.
High Yield Investment Programs HYIPs such as Ponzi schemes pools together resources from the unsuspecting public to invest in forex trading or other markers with a promise that the profit will be shared amongst all the contributors. They operate like funds where the capital is gathered to invest on behalf of clients.
Leverage is a great innovation in CFD trading. But leverage is always a double-edged sword. You can earn big profits on successful trades, but losses are also magnified on unsuccessful trades. This means that when funds are dwindling on their accounts, they will be more likely to seek ways to boost operations using client money. This is an extremely bad business practice, and in the event that the broker cannot meet their financial obligations, your funds will be tied up with theirs and could even be claimed by their creditors.
Bonuses and promotions are quite common offerings by brokers, including legitimate ones. However, some shady brokers lure in investors with promotions that are misleading and have terms and conditions that are so stringent or outrightly unattainable. This means that their investors will almost always end up losing their trading capital before getting a chance to withdraw any profits. If it sounds too good to be true, it probably is.
When signing up with a brokerage firm, you will be required to submit some of your private and confidential information and possibly even payment info like credit card details. A legitimate and regulated broker is required to take necessary security measures to ensure that your data remains private and is never shared or sold to a 3 rd party. When it comes to scam brokers, they may not take the necessary precautions, or worse, they may sell your information to a 3 rd party.
Identity theft and selling of personal information can potentially result in losses for innocent investors. Broker scams are subtler and more devastating than other scams. A company that should serve as your trading partner may end up being your worst enemy. It is therefore vital to be able to identify them and avoid them completely. Regulated brokers are mandated to operate segregated bank accounts for client funds, separate from their working capital accounts.
They are also subject to random platform checks that ensure they always offer transparent trading services to clients. Regulators also check that brokers are not making unfounded claims or using dubious marketing tactics. Furthermore, in the case of a conflict, investors have a level of recourse with a third-party body whose express obligation is to protect investors. Beyond regulation, investors should also check reviews from trustworthy sites online where they can read about experiences of other real traders.
Many review sites also thoroughly investigate complaints, as well as safety and security issues, such as KYC policies and website encryption standards. If you want to trade online, it is vital to avoid scams by only trading via regulated brokers, with a long track record, impressive reputation, industry awards and high client satisfaction.
This is where AvaTrade takes centre stage. When you are trading with AvaTrade, you are trading with a reliable and trustworthy partner that is very much invested in your success as you are. AvaTrade is a globally reputable brokerage firm that has achieved regulation in many jurisdictions around the world. There is a free demo account for investors who wish to ascertain the services of AvaTrade before committing their time, money and resources. As your trading partner, AvaTrade offers attractive trading conditions as well as handy trading tools and resources to help you realise your investment goals.
Forex scams come in many types and varieties, and while traders may first worry about broker forex scams, these are actually the easiest to spot. In general, if something seems too good to be true there is a good chance there is some scam behind it. Returns that are huge, trading conditions too good to be true, trading schemes that somehow purport to avoid regulations, all of these are different types of forex scams that need to be avoided.
To most easily avoid broker forex scams, choose a regulated broker with a good reputation and a long history. For all other scams simply trust in yourself rather than trusting someone else to make your profits. Many of the common forex scams in revolve around robot systems and signal sellers. The same is true for signal sellers. If their signals are so great, they should be able to trade their own account and retire within months to a Greek island. Why would they want to deal with all the potential problems that come with running what amounts to a retail business?
While there are signal services that are legitimate, nothing beats improving your own trading skills and knowledge. The forex market is not a pyramid scheme. It is a zero-sum game, and it may seem unfair to new traders because those who make money consistently are the professional traders and institutional traders who are likely to prey on the ill-informed and untrained trading masses. The best way to avoid landing on the losing side of this zero-sum game where there is always a winner and a loser to any trade, is to become adept at trading yourself.
In other words, become one of the traders who is more likely to end up on the winning side of any trade by improving your forex trading skills and knowledge. Still don't have an Account? Sign Up Now. How to Spot Forex Scams. What are Block Trades? What is Scalping? Gearing Ratio What is Strike Price? What is OTM? What is ITM? What Is Intrinsic Value? What is DTM? What is Arbitrage? What is Liquidity? What is Carry Trade? What is Volatility? What is a Market Cycle? What is Slippage?
Golden Hawk is an online cryptocurrency trading platform. Accordingly, the company looks forward to generating promising results for customers. The company guarantees tremendous market analysis, and you get the best… Continue reading "Golden Hawk Review: Goldenhawkgroup.
CryptoFxBinary cryptofxbinary. Over the past few weeks, the platform has failed to allow members to withdraw funds. May 22, Metadaxglobal is an online trading company that looks forward to providing crypto investment services, among other assets. Accordingly, the company aims to avail state-of-the-art services to all of its customers.
CoinAdmirals is an online trading platform that looks forward to providing access to financial markets. The company claims to have won awards, and it grants top-notch investment services to traders. May 21, Blue Royal is an online trading company that aims to provide convenient trading strategies.
The company allows you to benefit from cryptocurrency trading services and forex, among other assets. May 20, Prime Olympic is an online trading platform that allows you to trade forex and commodities, among other assets. You can access the services it offers through mobile and various devices.
OnnTrades is an online investment firm that aims to access various financial markets. The company allows you to benefit from stocks, crypto and commodities, among other assets. Meta Gold Capital metagoldcapital. The regulator found the platform wanting after it started using false FCA regulation claims. May 17, METAfmi is another company making vague promises to investors. The broker is nothing but a rip-off scheme. The people managing the venture lack adequate skills to manage an investment scheme.
All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use. Check your inbox or spam folder now to confirm your subscription. Skip to content Recent Posts Forex Scams. May 27, Bot4x Review: Bot4x. Forex Scams. May 26, Uptrend Center Review: Uptrendcenter. May 26, TradeCentre Review: Tradecenter. May 25, Greenwave Exchange Review: Greenwavex.
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These types of scammers are sometimes referred to as "snake oil merchants". Don't give away your personal details to someone you don't fully trust. Be suspicious of brokers who don't provide you with a written risk disclosure statement. Even if they do, read the statements thoroughly, because the devil is in the details. Never work with someone who refuses to provide you with their background information.
Be it a broker, a trader, an educator, or a money manager. Always do a quick check online to see if the person or company is legitimate. What happened in reality, is that it turned out he never made any money, and all his profits were made in a paper trading account. The best way to avoid investment scams is to take your time. Don't rush your decisions - and make sure to assess all the pros and cons first.
Finding a reliable Forex broker is not an easy task, but you will benefit in the long run from investing your time. The first step you should take when you come across a Forex broker or agency is to google their business name. Look for customer reviews on reputable websites. If there are none or they are sound fake, you should stay away from that service provider.
Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. Also, make sure to find out if there are any outstanding legal actions against the broker. Perhaps the user was mistaken or confused, but it never hurts to ask. A proper background check will minimise your risks. Easy money? No way! There is no easy money here.
But if you dedicate your time and learn how to trade properly, you might achieve an additional source of income. Make sure to compare the regulations of the regulatory authority with the terms on the broker's website to find inconsistencies and anomalies in their terms. If you don't trust your own judgement, or you simply don't have time, ask the advice of a licensed financial advisor. Additionally, you can ask for business registration proof before registering with a broker.
Make sure to read through all the fine print when opening an account. Sometimes scammers use account incentives against the trader when it comes to withdrawing funds. Don't forget that when you start live trading - always trade a small volume for a short period initially, and then attempt a withdrawal. If everything goes smoothly, it's safe to deposit more funds. The availability of a Demo account is another indicator of a good or bad broker. If you don't get offered this option, or are discouraged from demo trading, this is a strong indication of a Forex scammer.
Remember that you have every right to ask questions. A few proper questions can determine whether you are dealing with a trustworthy broker or a Forex scam artist. Make sure you know your rights, research the contacts, and check the company's registration and business background.
Keep in mind that all the information you receive from a potential new broker must be in written form. Never rely on promises made on phone conversations or oral statements. The allure of quick money and easy cash will always be present, which is why you should make sure that you fully understand what it truly takes to become successful at currency trading, without using quick-fix schemes that put you at risk.
Traders also have the ability to trade risk-free with a demo trading account. This means that traders can avoid putting their capital at risk, and they can choose when they wish to move to the live markets. For instance, Admiral Markets' demo trading account enables traders to gain access to the latest real-time market data, the ability to trade with virtual currency, and access to the latest trading insights from expert traders.
Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today! This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. Contact us. Start Trading. Personal Finance New Admirals Wallet. About Us. Rebranding Why Us? Login Register.
Top search terms: Create an account, Mobile application, Invest account, Web trader platform. There has never been an easier time to access the world's forex market either. At the click of a button, you could be trading on the direction of the Euro, British pound, Japanese yen, US dollar or even the Russian Ruble!
There are hundreds of currency pairings to trade, so there is plenty of choices to find the ones that interest you most. Many ask themselves, "Can you get rich by trading Forex? While the financial gains of trading the Forex market seem lucrative, it cannot be considered easy.
Having a sound trading education, a properly funded trading account and an understanding of risk management techniques are essential. Investment scams take many different forms. Some of the scams are even named after their creators - such as a Ponzi scheme, named after the infamous Charles Ponzi. Forex scammers tend to target beginners or uneducated traders.
The best way to avoid being a victim, and avoid getting scammed, is by getting a good Forex trading education before you enter the markets. Forex scams often pitch "too-good-to-be-true investment opportunities" as a way of convincing you to part with your money. When you lack trading experience, swindlers will try to exploit your optimism, your fears and your lack of knowledge. Learning the markets means you are no longer an easy target.
An all-in-one solution for spending, investing, and managing your money. Sell My Structured Settlement Fraud. Gold Investment Scam. Buy Stocks Online Scam. Your email address will not be published. Notify me about the newest scams every week. I now know,who is who,and what they are, it took a while. Always ask for Identification,company certification,licences to operate,ask for it all.
Absolutely a scam!!! Let me tell you my experience with Alvexo. Two words: Stay away! I got a lot of bright promises when I was about to start trading, including professional support. In total,I started trading by myself and Antonio never called me and never showed my mistakes so I requested to be changed. A few days later they called me and threatened me to hedge my positions or they would close my account. Do not trust them! They do unrespectable actions.
All they want is to invest more money and then you will lose it all. Luckily for me i was able to found an expert on binary,forex and bitcoin trade recovery Mr Brandon Linton, to my greatest surprise i contacted him and he took my case to his team and they worked relentlessly to get my funds back including my profits promised, God so kind I was able to get my money back. I am so happy, i feel obligated to recommend his great funds recovery strategy, You can feel free to contact him via his email address: brandonlinton gmail.
They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. Christopher that helped him, i contacted him immediately, what surprised me most that I recovered my money that same week.
You can contact him at michealchristopher gmail. Good luck as you contact him for help. Always looking go get more money. Beware of their tactics. You can get a charge back of your investment by hiring a reliable litigation firm. I was introduced to an trading expert management via, adamwilson. Another way to be safe is to invest your money also with him. I was very skeptical from the start but these thieves talk a good talk and promised to double my account on a weekly basis and ate my pounds, they lured me to use teamviewer and stole my money from my account, it all happened so fast.
This is a scam company that will cheat you and stop picking up your calls. I had to reach out to a recovery expert via, adamwilson. Thank you. Their website boasts all the awards that OCTA has won. There is currently 2. I attempted a withdrawal which was refused, indicating that I am not allowed to withdraw or trade since the account is marked for upgrade.
I have had endless problems with these people. The agents or whomever I liaise with on email simply does not give a crap about anything. Com what about them? Are they real or fake? Hi Cathy, I have been reached out for the same company person. I also would like to know if this is a real company. Not able to pay a small deposit anyway. I have recently done some trading with a person on Instagram claiming that they are a legit forex trader but I am pretty sure now that this is a scam as they have told me to send money to an accountant on Paypal.
The name of the person is called Nastassia Castello, and the two accountants are called Brandon Holness and Shakeem Fisher. Please beware there are many fake cryptocurrrency investment platforms out there, I got scammed twice before I met a genius hacker who helped retrieve my bitcoin. The whole plan was so smooth I could not doubt it. I invested 15BTC on a particular website called FoxBtc, I monitored the profit yielding but got locked out of the account before I could withdraw.
I went online and met this recovery expert at— on google mail who helped me retrieve my bitcoins back in few hours. He saved my life , he can save yours. You can convert Omani Rial to Pakistani Rupees and other currencies as per date range selected. Well I do need my money back as I am a Disability Pensioner but when I email this man it was an invalid email.
I live is Adelaide, barcay Germany which is about 12 hrs difference so please ring on Thursday evening my time. And my invested money? I joined a signed and invest with R crack trade by the lady named amber zann when the day was supposed to come she wanted more money claimed that my account was locked. If you have been cheated and in a similar situation have had your money stolen by one of these companies you should get in touch with Mr Marcus Taylor through his email address: [email] And he will guide you on a simple steps to take and claim back your investment from your investment company.
Good luck. I would greatly appreciate it if you can get me in contact me with Marcus Taylor to recover my funds. I have never seen a broker company this unprofessional! I started trading with them on the 10th of July I decided to try out some of their tools on the demo ac. I made no profits so I decided to withdraw but they declined severally till I filed a charge back through:[email] The fin tech expert that got my funds back.
I sincerely hope something can be done to improve these faulty areas. They have no empathy whilst perpetuating their evil acts and they will do all in their wherewithal to milk you asking for payment after payment to process your withdrawal requests and each time you make payment they come up with another reason to ask for more payment. Timothy Miller is a fraud and a dubious soul. I have a cumulative sum of one hundred and six thousand Euro equivalent to eight million Croatian kuna lost to these dingbats.
Timothy Miller played me smooth and I feel really retarded for falling prey to these dubious elements. The FBI should be on them by now as I know for a fact that they have swindled hundreds of naive victims. Your end is near. Stay circumspect and do not suffer in silence. I will advice everyone all over the world to stop wasting their money on fake brokers and scammers who promise you instant cash out.
Please try to stay off because you would loose money. People who have lost money are so much and it gives a bad name to real investors. If you really lost alot of money in the name of bitcoin mining and binary option trading because you kept meeting the wrong managers. Anyone heard of Katherine Morgan Trade fix on Instagram??
Sounds roo good to be true so probably is??????????? Time wasters, unreliable and definitely a swindler. Birman law or most of these recovery companies cant be of help. Does anyone know anything about Katherine Morgan fx-trader on Instagram? She is hounding me to invest with her in Cryptocurrency? Her insta page is super slick and makes me very suspicious. I found that TAGZ is a scam. I also invested on their platform and after they kept asking me for kyc I got suspicious and did not invest more.
I found [website] before I they could drain me. Now before I do anything with my newly returned wealth, I am thinking of minimizing the damage. Does anyone scammed by TAGZ had to take a loss? Because we have help.
I would probably have lost my investment without hearing that [website] ad on the Radio. But I want to minimize the damage now I have successfully received my claim to withdraw my investment. You can also reach him on whatsapp via [number]. However , I have been able to recover all the money I lost to the scammers with the help of a recovery professional and I am pleased to inform you that there is hope for everyone that has lost money to scam.
Contact this via mail [blocked] he will help you recover your funds. Dijon Farr. How can I contact you. This seem is a scam. Your profil was posted to me as prof off earnings. Can U contact me please so we can put a case toghter. People lost tons of money. They advertise on Instagram, yes. Is Forex pro option a scam? Here is another fake testimonial you may find on the Comments sections around the web — unsolicited:. I was made to believe my investment would be triple, it started good and I got returns not up to what I had invested.
It almost seem I had set them up, they came at me strong and hard. Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too. I contacted the authorities and they referred me to [email address] the bearest minimum.
If you have been a victim, Simply contact [email address]. Forex trading is a real and genuine business, but the reality on ground is that there are some bad elements who disguise as legitimate traders to scam others of their hard-earned money. Perhaps you have fallen a victim of a scam and want recover your lost funds, you can contact them through [email].
I am still into forex trading but of course, am a lot cautious and smarter now. I got to a forum on youtube and i get to see everyone giving testimonies of how the Mr William lee helped them trade bitcoins in less than 3 days.
I am just seeing his emails everywhere and how he help families and more. I decided to give it a try and had to go for his lowest package at first because i am nervous. Then Mr William lee help me trade 1. I just have to drop this here because i saw his info online and i am on my way to be financially free for the rest of my life.
You all should contact Mr William below via email [blocked] and he will get back to you in no time. You will thank me later for this great info whatsapp [phone number blocked]. HI — any truth behind this guy??
Unsolicited advice on Linkedin, beware. Here he is, with his own words:. Bitcoin trading has really been cool to different business partners A lot of investors and account management create Good opportunity and awareness to public view. Below are the list of possible earnings. They already took R45, from my cheque account on AdvancedCash exchange, all the while telling me he was transferring my money back to me, and not giving me a moment to think.
Withdraw function not working, emails not answered or undelivered, too scared to let that person onto my pc with AnyDesk, not knowing if that is how payments is handled by Trading companies. How on earth did he do that and what would he have done had my husband not stopped it there and then. Two weeks after Mina from TopTradePro phoned, asked why I am not trading, told her my story, she also wanted to go onto my bank to copy something and then activate the Withdraw on my trading account so that she can return my money.
I did not allow her into my bank but cannot help wondering if she is honest. Is there anyone who can advise it this is standard procedure please? Inette Coetzee. Im in a free group some time from Cruze forex. Never paid them anything only free. They offer signals, investment and account management. I saw a post and everything looked awesome and legit with all those feedbacks.
They have over 17k subscribers. I send them 2k USD on November 8th and today should be day of return. I asked them if I can expect the return today like they said and they blocked me. But the big problem is that they refuse to make the withdrawal I asked.
A guy name frank Christopher forex market contacted me on ig. After during research I decided not to. Scam trading Website RIMsrkete-fx. Plus i could withdraw that money at any time I choose with no issues. At this time i stopped hearing from him because he had tried to convince me that making a withdrawal takes away the benefit of insurance etc. I insisted because i needed the money. I started to contact support in order to make my withdrawal. After a while they became very rude, the person i was trying to plead with to give Oscar my message told me that i was giving him attitude.
It was a total made up story and I knew it. This is a well laid out scam of a company and my hope here is to help others to not be caught up in their lies like I did. When you ask to withdraw then they will make you fill out forms confirming that you give them the money hence there is no argument. The contact person is Michael Stevens.
Have anyone heard of Stone lionfx? Would like to know more about this company. I was contacted by a guy named Jack Addington that claimed he worked for tradevibefx. I fell for it and gave him a small amount of money and he claimed I could withdraw profits in days.
After 5 days they asked for more money because my account had made so much money. Needless to say I fell victim to it. My money is now gone and the guy is still harassing me for more obey with promises of huge profits. He is also trying to get my wife to convince me to give him more money. Normally I am skeptical of everything but for some reason I gave into this one. Watch out for Jack Addington!!! And they never reply to the chat on their website if you have any complaints. And so called frank will only chat with you on WhatsApp n Instagram and will never ever come on a phone call with you neither a video call no matter how much you ask him for a call.
They are all cheaters and just online scammers. I invested 80, I was referred to a recovery expert by my military uncle who also had same issues with his broker. Feel free to reach out to him via his email address: blagemarthins gmail. There is no chance in earning money in online trading. These things are just like casinos, the house always win. Stay away from any broker. Here is how a fake comment looks like: "I lost , US dollars to Trade I have tried and tried to get my money back with no results.
They ignore you. I was stupid to put in so much. I lost all my pension money and now I am broke because of Trade Their pre-markets are not real. All they want is your money and you will not see it again. I am so depressed. They play a real number on you when you want your money back because they will ask more and more to get it back, and in the end, they end up laughing at you.
They are heartless. I was so glad after working with a recovery expert Mr Alexander Jerry, he was the one who helped me recovered my funds from this heartless scam broker. I felt someone else might be needing his assistance. Mahesh lamba and santosh nakrani, amit,ritesh are involved in forex scam business. Other do such type of trap their name arun sharma mobile no.
Beware of all these scammers,if you find any one send him to police. Alert beware…. Anonymous from South Africa, this exact same thing just happened to me as well. Hi guys I have been scammed by the broker called fxstocktrades, they promised to grow my investments they said i must deposit ZAR they will trade for me,i did deposited via EFT to the luno account i requested for pay out they now having stories they said i must send my ID and proof of address ok well i did sent them via email i even asked them did they recieved the documents they said yes.
And please guys share my comment so that it can help others. That is how they manipulate traders funds. If you need assistance with retrieving your lost fund from your broker or Your account has been manipulated by your broker manager or maybe you are having challenges with withdrawals due to your account been manipulated.
Due to my research work and civilian stature I have been unofficially tasked by the right people with gathering as many victims from the following broker sites down below as possible for a submission to the US government in order that legal action can take place. So, my focus is on connecting with US victims of these sites, but I am also making a list of international victims too because once the US starts to take action, other countries should fall into line.
The US is the only country to take action for the most part against binary options and cryptocurrency scammers, so that is why the focus on US victims. My hope is that the US government will take action as they have with Banc de Binary, Spotoption, and now with Bigoptions which is before the courts. Talk about a reversal of fortune and making lemonade from lemons. So, if you are reading this post spaced in between all of the scam and spam offerings, please consider adding your name.
If you have ever felt like no one has listened to you, well, that has changed. I would need permission, name of the broker website, how much was stolen from you, email, state, and phone. There will be no discussion about money period.
Thank you for your time and I hope to hear from you. Contact investigator suisseoption. The website is in development, but by the end of the month you will start to see resources and information for fraud victims. I had a bad trading experience. I was ripped off by a bogus broker it was a hassle to get a withdrawal after many failed attempts. I had to hire a recovery solution firm to get my funds back. To whom it may concern: I am writing this with intents to express my furious anger, to expose the darkest corner of the financial world and to leak the unfair game rules for the end-users created and written by the broker itself.
I want to voice my story to the whole world so that the public, especially the clients involved in the retail sector can start thinking and finding answers to the following questions. As retail clients and trading with leverages, when market conditions do not go our way, we suffer significant losses no one to blame and now we have to worry about getting slaughtered by the tricks and unfair game rules set by a broker?
Without even notifying the clients by any means possible as a professional courtesy? I am an IB Affiliate and a trader of forex. Christian Dove is the CEO and part-owner who runs the show. I was introduced to the platform SFM by my up-lines and we all became part of a very big network of IBs and clients in Asia working with Synergy. The huge network was growing and going very well until it collapsed dramatically due to 4 huge incidents 1. Argonaut fraud 2.
Pound price manipulation 3. Sirix Fallout 4. The sudden widening of the spreads, All of which, I will elaborate in details when I get a chance to in the future and if my demands are not met. I was one of the clients that stayed on and kept trading with Synergy when most left which I now regret every second of the day. The below is what happened to me that brought me to this boiling point and level of disappointment, therefore seeking justice and help publicly. On June 27th , I started using my own scalping EA to trade in my MT4 account number mainly HK 50 and forex currency pairs , During the whole scalping process of about 5 days, I was on and off making profits and getting stopped outs but I kept internally transferring my real-time commissions that I received from all the trading back to the MT4 trading account From my 5 day-trading, my 3 up-lines each had earned the following:.
Adding to the unfair, unreasonable and outrages manipulation to our commissions and trading records. SFM has all the system to control everything not us. I also like all the other platforms, wherever you are regulated to know about this incident so jokes like this will not ever occur to your clients where at the end of the day, we trust your platform with our money and invest with confidence.
Attached are the evidence of our trading records and account history before they got deleted because fortunately we got them in the daily emails. I also included in the attachments the evidence of them inactivating our CRM portal, And on their website of SFM, Synergy Specifically indicates to the whole world that all trading methods like scalping, hedging are all allowed.
Two days ago, the four of us wrote to the support email of SFM stressing our firm intention to take it to the authorities and medias. In couple hours, they replied and dug out all the unfair clauses from the IB agreement that we lured into signing with them many years ago where there was not even a Chinese version provided by Synergy to make us understand everything.
Times change, productline becomes extensive, contracts and agreements become old and outdated, and now they turn around fingering us for the wrong? When SFM is the one not updating all of our status and the services they offer. What Synergy is trying to do is just avoiding their responsibilities, finding ways not to pay and they are purely gangsters. When payout is too large, SFM uses the clauses against you.
How about all the other times every ib gets commission from their own trading, and commission is always paid when trading indexes. This is truly taking us for fools, Synergy is Mafia and scammer. I hope after sending this out to you all, you can help me in getting my money back and bringing justice into this.
Yours truthfully. I was scammed by a signal selling membership. This guy called Jason Forex sold me his signals on his website jasonalerts. After 2 months following his signals, I lost EUR and when I question his business, he cut off all contacts with me. I hope someone is able to bring this guy to justice and make him pay for his deeds. InvestMib is scam i have profit in the account i send money to them but now i want to withdraw i call them no one will pick up i mail them but no one will reply back pls can some one help tell me how i can have my money back pls i need some to help me get my money back.
This way you pick the best trending pair and time frame at the current time. The system is running on our powerful computers, so you have nothing to download and install. Get it on the link below:. I never for once thought that everything could go wrong with binary options trading. I was scammed of about USD , by 24 options, AA options , Traders king and safe options and searching for a way to get this recovered got me in the hands of Birman law; Another scammer claiming to be who they are not paid upfront and got nothing in return.
Without giving up I kept on searching for a recovery expert and trust me I found one, savior instant. I got in touch with Birman about 7months ago in regards to recovery of my lost funds of about USD , to these binary options con artists:AA options, Plus options , plus stocks and traders king options.
They stopped responding to my emails and also asking for more money without proof of recovery then I concluded that I have been scammed by Birman law which took me on my hills to search for a genuine and professional recovery expert and this time around No Upfront payment whatsoever I said to my self and trust me I found one, my savior instant.
One would think "what the heck? David Heiple seems to make the interest of the broker from which he necessarily gets commissioned and his own interest while maintaining his client hoping that they will finally enhance their capital. I also fell victim to this scam broker. They kept on asking me to deposit more money. Then they stopped picking up my calls! After loosing more money to lawyers and what not, I was finally able to recover my money with the help of a professional.
Feel free to reach me on pmcq at gmaiI dot com. As you have helped many to retrieve their funds kindly help me too as I am a retired person badly in need of my funds and not interested in their bonuses etc. Badly looking for help soonest as follow up for last four months have yielded no response. All Binary Options brokers are thieves and liars. They were Wrong! Mychargeback new the banking laws and codes, very impressed how they argued with my bank and retrieved all my money from these scammers.
Can u pls help me? Read the full story at leaprate. My advise out there is for you to be wise before you invest in any binary option broker I was scammed k by online broker but at last I found someone who help me to recovered all my lost funds back from a scam broker that stocked my capital with an unregulated broker, If you need assistance with regards of your lost funds from your broker or may be your broker manager asking you to make more deposit before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account.
I recently recovered funds from two scam brokers, BeeOptions and Porter Finance. They intentionally made me loose trades so I deposited more money, They did not allow me withdraw my money and they refused to pick my calls.
I had to hire a professional to help me get my money back. Lesson learnt, happy to share my experience. I recently recovered funds from a scam broker, Omega Options. They intentionally make you loose trades so you deposit more money. I had to hire a professional to get my money back. Are you tired of losing your hard earned money to unstable and unreliable brokers who trick people to invest money into stocks? I got cheated and lost so much money to fake brokers,It took me 5 months to realize I was been scammed.
I was miserable and hated myself for been so gullible. I was very depressed until I found help and fought back very hard through a firm. Many of these brokers misappropriate traders money thinking these traders will not act. Beware of where you invest in and if you lost your money, kindly contact ME via alvanabarranee gmail. Double top 9. Rectangle Please reach me via bobbyalex gmail. Are you unable to predict market correctly? Do you lost money in your trading platform and you are actually not the one that placed the trades yourself?
Is the fund in your trading account depreciating without your authorization? He just had my funds recovered, totaling k I lost last year to 24option, contact him now! He is the bomb! I fell for it on a large scale. It will be difficult for me to speak about forex, since I have less experience with , but I can seriously say that binary options have deprived me of investments, persuaded me to trade in their fake trades.
Then they offered me bonuses to win back my deposits, which as a result certainly did not work and my mistake was that I tacitly allow it. Then my balance reached to zero… I tried to dig up information on the Internet, there was almost no hope. The help came from lawyers from MBL, in particular Mr.
Anderson, who immediately explained everything to me and we opened the case. Hello everyone, if you are a beginner as I am in FX Market, I would recommend to start learning in a simulation environment to learn more about different forex trading strategies. There is one game which I found useful for beginners it is called Forextream they provide free demo account and you can play as many times as you want, even with your friends you can have a live chat, one of the benefits it is FREE!
Good Luck:. Traders who have been scammed before my advise out there is for you to be wise before you invest in any binary option broker I was scammed k by online broker but at last I found someone who help me to recovered all my lost funds back from a scam broker that stocked my capital with an unregulated broker, If you need assistance with regards of your lost funds from your broker or may be your broker manager asking you to make more deposit before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account.
I would like to report Opteck that has been deploying one tactic after another to prevent me from making a withdrawal of my money that I deposited on the 29th of May I made a deposit of USD and when I tried to withdraw my money I was repeatedly asked to verify ownership of my credit card.
After sending the front and back of my card with all the identification required and a letter from the bank the delay tactics continued. The last email I received from Opteck states that the withdrawal request first has to be verified verbally by the account manager James Smith.
Furthermore the email address James. I still have not received my money back and my withdrawal is pending despite all the verification attempts on my account that I have spent the last week providing. The broker has been giving me the runaround instead of refunding my deposit. This has been one big frustrating process and Opteck has told me that they take no responsibility for third party signal providers.
Forex signals and investment is a forex signal provider and a money manager trading on behalf of clients with live accounts at FinPro Trading a forex broker. I opened an account with FinPro Trading after a long conversation with someone called Noura working for Forex signals and investment. The first trade came 6 hours later and within 10 hours, there were already 15 open trades. I watched as they trade against the trend the entire time. They would look for price to start moving swiftly in one direction only to see them open a trade in the opposite direction.
A few trades managed to return a profit since their take profit was around 20 pips. Their stop loss is somewhere from to pips away with a take profit of 20 pips. They let them run for days until the market takes them out with a pips loss. What beats me is why Finprotrading.
They know how these people trade. They have to convince me otherwise because I believe Finprotrading. How can an account survive with so many trades and such negative in losses? Each trade is opened using a percentage of amount of money in the account. I had a conversations with Noura when I realized trades were not going well.
I asked them to close the trades but she always assured me that everything was under control. She promised me this three times on WhatsApp and email. Once my account was gone, they blocked my number and I could not reach them but responded to my emails before they stopped responding to my emails all together.
A lady by the name Sneha Garg called me. She told me they cannot verify trading results of their money managers. I see other brokers displaying graphs of how their contracted money managers are performing. They know how much accounts have gone down in the hand of Flashy Wael. Yesterday, I came across a video by Anton Kreil. I was horrified to know what these IB contracts and money managers does to retail traders.
Anton Kreil, thank you for opening my eyes. Please, do not invest with these people.
When you're looking to trade forex, it's important to identify brokers who are reliable and viable, and to avoid the ones that are not. Questions to ask to avoid a forex trading scam You can go to the website of the governing body to search for the registration number and. The latest fake forex brokers with no regulation or just an offshore license updated by rtton.xyz Must avoid opening with unregulated forex brokers.