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Forex broker reviews & ratings

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Broker Name
↑ ↓ 		Reviews
↑ ↓ 		Rating
↑ ↓ 		Link

236
Read   Write
1.1720
94
Read   Write
SCAM
64
Read   Write
3.6364
63
Read   Write
4.3793
61
Read   Write
1.2593
56
Read   Write
3.7708
55
Read   Write
3.3409
51
Read   Write
2.1667
44
Read   Write
2.4595
44
Read   Write
SCAM
39
Read   Write
2.0476
38
Read   Write
4.0606
37
Read   Write
4.1818
37
Read   Write
1.2500
37
Read   Write
2.2941
37
Read   Write
2.6571
33
Read   Write
1.8750
33
Read   Write
SCAM
29
Read   Write
1.1667
29
Read   Write
2.2800
24
Read   Write
SCAM
24
Read   Write
1.0435
24
Read   Write
2.2857
24
Read   Write
3.9524
22
Read   Write
3.1905
22
Read   Write
3.6000
22
Read   Write
SCAM
21
Read   Write
2.0000
19
Read   Write
2.0000
18
Read   Write
1.2500
18
Read   Write
1.8000
18
Read   Write
1.4706
18
Read   Write
SCAM
18
Read   Write
SCAM
16
Read   Write
3.1250
15
Read   Write
2.2500
15
Read   Write
SCAM
13
Read   Write
1.2000
13
Read   Write
2.6000
13
Read   Write
1.4444
12
Read   Write
SCAM
12
Read   Write
2.5000
11
Read   Write
SCAM
11
Read   Write
1.0000
10
Read   Write
3.8000
10
Read   Write
2.5714
9
Read   Write
4.0000
9
Read   Write
1.6667
8
Read   Write
2.3333
8
Read   Write
3.8000
8
Read   Write
3.5000
6
Read   Write
3.8333
6
Read   Write
3.6667
6
Read   Write
2.0000
5
Read   Write
3.8000
4
Read   Write
3.0000
3
Read   Write
1.6667
3
Read   Write
2.0000
2
Read   Write
4.0000
2
Read   Write
2.5000
2
Read   Write
2.0000
2
Read   Write
SCAM
2
Read   Write
2.0000
1
Read   Write
Not Rated
1
Read   Write
3.0000


There are a lot of fraud and scam in Forex market as in other businesses. In this connection most of the law enforcement and regulatory agencies are fully aware of who is perpetrating Forex fraud and where they are located. But keep in mind that only by contacting EVERYONE that you can will get results.

In recent years there has been a sharp rise of Forex fraud and scams. Consumers should be watchful to investment fraud, scams in the persons of companies that sell Forex currencies and commodity brokers claiming that customers can make "a lot of money with little risk". If it sounds too good to be true it probably is.

The United States Commodity Futures Trading Commission (CFTC) is the federal agency that regulates the trading of Forex currency, commodity futures and options contracts in the United States and takes action against firms suspected of illegally or fraudulently selling Forex currency, commodity futures and options.

Some ways to defraud of your money:

Immoral Stop Running/Hunting: You are told by Forex brokers that there is little or no stop running. This is one of their biggest and boldest fabrications. The truth is there is far more stop running in Forex than in futures, and possibly as much stop running as in the stock market.

Wipe you out by "false" spike: Sometimes, theres very quick spike in candlestick on a brokers chart, but there is nothing happening on the others chart. A stop-loss is triggered simply due to that suspicious spike.

Ban you if you can win their money: Probably you have heard that if you are winning regularly in Forex, you may be barred from trading. Is this true? Yes it is.

Leaning: Brokers say they are charging you a 3 pip spread to trade the popular currency pairs. But in reality a broker may be making as much or more than 10 pips on your trades. He does this by skewing prices. Since you are not trading at an exchange, the broker can feed you any price he wants to feed you.

Skewing price quotation: Forex brokers commonly lean the prices. A Forex broker can only give you the price of a currency as quoted to him by the bank through which he trades. Banks have differing prices for a currency. You never know what the real price is because there is no central exchange through which all prices flow.



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