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Forex Com reviews & ratings
See below for Forex Com reviewsAverage Rating: SCAM (94 reviews)
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Discuss Forex Com on our Forex Forum
Forex Com Reviews
Name: stocks-for-beginners.com
We are expert reviewer of Forex brokers and it is urgent to say that Forex.com is a good broker, opposite to most of the reviews found on this site. Every reader should be aware of the fact that most people are disappointed because of losing their money. But it is not the broker's fault; it is the traders who took wrong decisions. The biggest problem is that people are trading Forex without really taking care about risk warnings, that this is not suitable for everyone!
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Name: Harris
This is the best broker that I have ever use, because the spread is good, fast and a lot of instruments.
I trust in Forex.com because their domain is a top domain and also they are very safe. Because listed in CFTC, FSA, and also in NYSE.
I have been used forex.com since 4 years ago through their IB in Ecnpro.com and never found any problem.
Currently my equity is around $153,000
forex.com is real scam you dont know why you loss. But so far they will return your money back if you withdraw
↑ Back to topIt's all true. TOTAL SCAM! Terrible site, some of the reps you talk to do not know what they are doing. They couldn't explain where my money went nor could I. Hmmmmmmmmm!! I'm doing you a big favor. Smile and move on. Stay far far away from Forex.com.
↑ Back to topIt's amazin how many techniques and fakes Forex.com uses to steal all you pips.
I started trading some currencies with 2-3 pips of spreads, that suddenly and continuously becomes 8-9 pips of spread (thanks to dynamic spreads) when you are going to collect "profits"!!
8-9 pips stolen for each trade is crazy!!!
DON'T OPEN LIVE ACCOUNTS WITH FOREX.COM, DON'T PUT MUCH MONEY ON IT!!!
I dont no about all the above i do not hav live accnt. But i no one thing the bid ask prices are so gaped u will never make mony on day trades i couldnt beleive it. Nothing like stock market bid ask prices to much gap for me. we out we gone by by
↑ Back to topForex.com is the biggest scam FOREX trading company. They will hang your positions, requote, off-quote, trade cannot be executed, all kind of nonsense. They are all crooks especially when you are in consistent profit for 3 weeks, they will do all they can to make sure your account is finished.
↑ Back to topThe WORST BROKER you can ever imagine. Never put real money, never, or you never get them back !!!!!
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Name: AJ
I day trade I have been using this broker for almost a month now and everything is going good so far making good gains each day.
I fail to realize how so many people think this is a scam maybe they don't understand the Forex market.
Forex.com closed many of my trades without notification at my loss and their gain.
No explanation.
When I opened my account the account manager "Emanuel" didn't get back to me for a couple of weeks. He was too busy.
He finally spent 10 minutes on the phone demonstrating the graphics, which worked well.
The execution was horrible and lost me money with no explanation or justification.
i find strange so many complains.can it be some orchestrated attack against this site?...i am new there,but i am pleased till now.
hm
I decided to close my account quite happily in profit, & after waiting 5 days I get back my initial deposit, with no explantion
even though the profit was on my last statement it seems to have vanished into thin air.......WTF?
just about every negative comment that was mentioned plus some of my own i can relate to big time with ROREX.COM. the problem is i have been dealing with many broker over the years.as yet to have one on a scale of one to ten, one being perfect ,the best -30.these folks belong behind bars.until they have somthing like the FBI, overseeing them with the power an funds to properly operate, personnel properly trained, with a passion for Justice,an not a steping stone to be hired by big Bank.untill that happend, we will continue to be FOOLS.us FOOLS create more JOBS than any other sector, an get treated like ,S. I have a passion for what i do, now if i could just get the protection i deserve. we need a modern day ELLIOTT NESS.
↑ Back to topillegal unsolicited trades on accounts, loss od position, lquidation issues as a result of illegal trades (crosses NEVER traded before), misinformation e.g. Dallas Fed Man. Index (0 vs. -17.5) resulting in incorrect positioning, large volumes, computer errrors and backlogs on orders, liquidations. Positions lost, funds erased.
BIG SCAM! BEWARE! DO NOT USE THEIR SERVICES!
I'll make things simple by saying that their system is SO RIDDLED WITH CODING ERRORS that the website MADE RANDOM ORDERS ON MY ACCOUNT. I don't blame you for not believing me, but it's the truth. Please, for your own good, stay away from Forex.com
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Name: Chris
LET ME DOWN BIG TIME! I am furious with Forex.com. I trade Forex full-time with a large live account and I know what I am doing. Until recently I was reasonably happy with Forex.com.
Here's what happened to make me change my mind and start looking for a new broker:
I 'Martingaled' a position after very careful analysis. Btw 'Martingaling' isn't something I often do or recommend for beginners (or the faint of heart) and definitely don't do it unless you have a large account AND you know EXACTLY what you're doing as it can seriously bite you in the a**.
I was in a trade which had been losing money but had reversed and was shaping up to be VERY profitable. As insurance, I reduced my position (just in case I wasn't correct) and the next thing I know my ENTIRE position was liquidated due to a separate order being placed by their system. AN ORDER WHICH I NEVER EXECUTED! No stops were triggered! WTF???
What was about to be my all time most profitable trade ended up being a very sizeable loss for me!!! When I called them they said I must have done it! What? Why would I do that? Basically they accepted zero responsibility and insinuated that I obviously don't know what I am doing and I must have done it! Unbelievable!
Btw as a side note, it turns out that my strategy proved to be 100% correct and I would have made an outstanding profit - thanks for nothing Forex.com!
Other issues I have had with them include -
- Charts are sometimes slow when compared with other trading platforms. So what you think is happening ISN'T actually what IS happening - I observed this phenomenon most on their 5min chart (I have video evidence to prove this!)
- Issues with withdrawal requests e.g. they would just cancel a withdrawal request even though I had a large account and almost 100% margin available. Also delays in receiving my money e.g. they say 1-2 days but sometimes I have had to wait 4-7 days to receive my money.
- Telling me my bank account details are incorrect when I triple checked them AND they are correct AND it's the same bank account details they used to previously do my withdrawals.
- On their website they say that as a non-US customer you can deposit funds into their bank account. This is when the fun begins! On their site they list their bank account details. So I go online into my bank account and setup an online direct transfer to Forex.com and to make it easy I include my Forex.com trading account number as a reference for them. Then (and this happened EVERY time!) they would email me after a day or two and say they don't know where the funds came from?! What?
I would then have to print off a statement and either fax or email it to them to 1) Prove it was my money to begin with!!! 2) Show it is my bank account! Seriously let's get into the 21st century already!
- I also had to get on their case and keep asking them to release their bonus/incentive funds to my account even though I had more than met their trading requirements.
To be fair there are a few plus points: I would get my money deposited into my account eventually, monthly interest paid on account balance was nice, decent enough 'Live Chat', no withdrawal fees (due to my account size) and quite decent promotions from time to time.
Anyway I think that's enough and I've made my point. My tip, find a broker you feel you can trust - this is crucial to Forex trading success! Forex trading is challenging enough without feeling like your broker could let you down at any moment.
Good luck trading!
Name: Trigga
Good service and spreads. People who think they are scammers do not understand how they make money. They make money of the spread. They want people to make money and continue to trade because thats how they make their money. Look it up. They're trading data is publically available.
↑ Back to topGain Capital / Forex.com has partnered with Oceanside / Broker Jones. The advertising on the corporate site is atrocious:
http://www.oceansidenetwork.com/trolls/
Oceanside can't legally solicit U.S. customers but blatantly does so anyway. U.S. customers are told to set up off-shore LLCs and off-shore bank accounts through them here:
http://oceansideassets.com/faq.html
http://oceansideassets.com
The NFA already slapped Gain's hands to the tune of $459,000. This is certainly troubling!
I trying to close account and withdraw money. They claim that they did not get a withdrawal fax (I have conformation), than they give you out of service fax number, then give you another fax no and then they claim that they never get it (I have conformation), etc. It looks like that they trying to avoid reception of withdrawal orders any way that they can. Still do not have my money in my account, I am still in processing. That supposed to be done in two business days. They need NFA audit, that I am very sure. Probably I will have to file a complain. Overall platform worked well, over the years I had no complains regarding anything.
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Name: No forex
ForexTraderPro platform updates a candle 2 minutes AFTER it has ended. It's a joke! I dare anybody to prove this wrong!.
This platform is the worst. It has a limited amount of indicators, and you can't add any new ones!
You can't set any defaults as far as Buy and Sell. It has to be the worst platform for forex in the world.
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