Watching out for Forex scams.

Forextreme

Newbie
1 0
Every day we are hearing of new Fx scams in the uk. We want to hear your experiences so that we can help each other avoid the scams and gain an ad vantage over the people doing them.
It would be great if you could share some of your experiences with us and give us some tips on how to avoid these scams.
 

trendie

Legendary member
6,233 1,007
the member known as pboyles is pretty much the gold standard on this site for hunting down scammers and exposing their evil intentions.

rather than start an entirely new thread, you might want to spend some time reading this members posts and threads, and perhaps use this thread as an index (links to) of scam-related threads.
 

Rambo35

Active member
227 6
Forex Peace Army is another outlet which claims they hunt down scams, right? I know I have come across them several times and they do seem to go after scammers.
 

NVP

Legendary member
36,782 1,882
Forex Peace Army is another outlet which claims they hunt down scams, right? I know I have come across them several times and they do seem to go after scammers.
are you sure ?.........how do they raise income then ?

or is the cost of the site and the manpower effort there all out of the goodness of their own heart ? :cool:

N
 

Rambo35

Active member
227 6
are you sure ?.........how do they raise income then ?

or is the cost of the site and the manpower effort there all out of the goodness of their own heart ? :cool:

N
No, I am not sure. I just saw them a lot as they claim to identify scammers. I could be wrong. I thought the manpower are volunteers?
 

NVP

Legendary member
36,782 1,882
No, I am not sure. I just saw them a lot as they claim to identify scammers. I could be wrong. I thought the manpower are volunteers?
never think ..........never assume .........thats rule 1 of trading ;)

N
 

NVP

Legendary member
36,782 1,882
oldest trick in the book ..............

Appear impartial and be a champion of the people .........then sell them something

N
 

NVP

Legendary member
36,782 1,882
how do I know ?.............because I dealt with them a long long time back on some systems I was developing

N
 

Rambo35

Active member
227 6
how do I know ?.............because I dealt with them a long long time back on some systems I was developing

N
Well, after spending a bit more time looking through their website I came to the conclusion that I would not trust them when they label a broker as scam. Reviews written there are also crappy plus they are sponsored by brokers (I think you did mention that).

Oh well, I will put them on my disregard list.
 

robertofx

Active member
139 1
Most of the newbies fall for the scams. If you have a very good understanding of the forex market, we can probably save ourselves from the scammers. Forex peace army is one best place to identify the scammers specially the brokers.
 

NVP

Legendary member
36,782 1,882
Most of the newbies fall for the scams. If you have a very good understanding of the forex market, we can probably save ourselves from the scammers. Forex peace army is one best place to identify the scammers specially the brokers.
so how does Forex peace army make a profit on that site ?
 

robertofx

Active member
139 1
so how does Forex peace army make a profit on that site ?
I am just sharing my experience here. We don't wanna know about their business model. If we can get something from that site that's it. Hope you understand :cool:
 

robertofx

Active member
139 1
Quality lulz :clap:

You'll be telling us next the NSPCC are there to protect kids :LOL:
In forex we cannot trust anyone. But we can get information from quality places to get the knowledge to prevent from scams. :idea:

Remember only we for us. :)
 

Ituglobal

Junior member
17 0
It's true there are Forex scams everywhere. But do we brand a company a scam because of one or a few customers are dissatisfied with their services or because they habitually do something bad to most of their customers? Sometimes, peoples' opinions can be wrong.
 

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