Friday, June 13, 2008

FOREX SCAM CASE


I was looking for a broker with smaller spread and i was very delighted to find this forex company, The demo seemed 2 to work fine userfriendly and i didn't hesitate to start with 67,000 dollars.

I turned 300 $ US to 12,000 $ Us in a period of 2 months in a different broker. but the pips is what made me look for another company. However Forex CH real account is not even remotly close to the DEMO account, I was shocked, i lost 14,000 $ when i was in profit of 8,000 but for some reason i couldnt close the positions opened (i have screen shots) that i sent them.

I tried contacting customer support while the movment in the the market started to shift, but i was still in profit. I was unable to get any asisstance for 2 hours, only when i was loosing in my position i was able to close/open positions. They indeed tell you they take 2 pips on each trade.

which is completly irrelevant if they never give the market pricess and never execute your orders on time.

I closed my account after that incident. i indeed lost 14k that night,i went back to my old broker. they take 5 pips but at least wt you see is what you get with them .
FOREX SCAM CASE


Don't believe them,they made the demo so easy to made $,but when you trade on their live platform they show their colours of squessing $ out of you at incredible speed,they off qoute,reqoute,widen the spreads,delaying your entry and exit and many more.

I had put up few computers simaltanouesly to verify and also compare the qoutes by other platforms.

This to me is definately a scum.We should unite and pass this findings to others.

I totally disagree with one of the fellow commenting on improving the speed of internet,this is total bullshit as i had tested them with different internet connectivity with few computers all at the same time!
FOREX SCAM CASE


I invested 28000 usd and could make a profit of 58000 usd with GFX/ forex.ch, playing on USD/THB, i did about 100 different deals within few days, and despite the fact that sometimes, i could not close the position on time,( real platform very different from live!) i still could make such a good profit. these deals were all confirmed on my statement. after one week, i asked GFX to transfer 50000 usd to me. they refuse and told me that their platform experienced problem and they had to cancel all my deals....this case is now with my lawyer.
their lawyer explain gfx position by saying that GFX did not find any counterparts to my deals...their contract clearly mention that they can cancel any deal... ( se contract page 8) for me they are real crooks. they pretend to be supervise by Swiss Authorities... this is wrong. they are just supervise by polyreg. this concern only monney laundering... i feel sorry i did not know forexbastards before!
by the way. i mlost over 1000usd on EUR/USD. these deals of course have not been cancelled!