Friday, June 20, 2008

New ID for the FPA Felix Idiots

We got a new ID for the FPA Felix idiots

After investigations, there has been found a new scam alert. Some one sent us an email warning us from a new scam by Felix doing under the name of Ken Zhong. He gives himself a militant rank in FBA.

Again and again, Felix or Unknown is trying to build for him a new fake character under this name, Ken Zhong, in order to be able to continue his dirty work in abusing Forex Market.

Thus, there is a call for those who are blinded by those bastards’ lies or allegations, as well as for those who have no idea about what is happening there in Forex Market, to stop this anarchy to be able to trade safely without this confusion.

Robert GrespiHas No Mercy

Robert GrespiHas No Mercy

Thank you for visiting my blog that will move your thinking directions to some realities in the web known by small number of people. My mission is to provide you with my story that will prevent other people from being trapped like me.

I was trading in Forex market since 1999 & at this time there wasn’t too much brokerage firms like now. I heard about Introducing broker called Robert Grespi & I picked his telephone, I called him & we arranged meeting in his company but he surprised me when I went there that I smelt drugs in his office !!!!

I Ignored & he was talking with me so professionally that lead me to trust him & the company & I bought from them signals, then he followed up with me friendly to see the effect of the signals but each time when I say that I’m losing the respond was that you need a new course in Forex !!!

I was losing money for 2 months & he still saying you need Forex course

I left him after many disputes between me & him because of losing my money & time, doing fake trading strategies developed by him.

At Feb 2000 while I was reading news paper I found his photo in a topic, it was big surprise for me to see that FBI investigating with him & all his capital was reserved.

Help Forex From Attacking

Forex Peace Army:

I know this will not help many who get blinded by the dream to profit big in Forex for the first time, but novice traders, please read this so you don’t get into the corner I found myself in, losing most of my money because this bastrad of all bastards who you call Felix, and i call Demitri or the real brain behind all this scam, a guy called Bruce Hoffman from Texas(convicted for many fraud crimes and spent time in jail).

This little punch of people doing what at least can be described as organized crime, including many other identities like Rob, Grespi, Rick, Rashid Ghafour, Adam, Omar, Tahir and many more masks….all fake

They promote their signal service, fooling novice Forex traders to count on them in trading the news. They have caused hundreds of people to lose big money. They even dare to promise you if you lose that they can blackmail the broker to get you your money back.
They have done that several times and we have seen traders burned by their flames, and they try to flame brokers too, some times succeed and others not. Google for Felix combined with Oanda, interbankFX, FXCM, Forex.com, forexgen.com, and any broker of your choice, you will see their scams, a replica used with tens of brokers over the past 3 years, and the victims, hundreds of traders who get broke.

History Felix Homogratus aka Dmiti

History Felix Homogratus aka Dmiti

Felix Homogratus = Dmitri Chavkerov

The both are one character & that give us a signal that he is escaping from his real name for some purposes may be arrested by his old name, to be able to gain money again he must change his real name to be Felix Homogratus

The bulletin boards have been awash with tales of the self-labeled Felix Homogratus, Felix the Bastard, but whose real name is Dmitri Chavkerov.

Dmitri Chavkerov has been busted by I.C.E Agents on 11/30/07
He is also not an American Citizen He is Russian

United States District Court Documents

Below is the actual Governments complaint against Dmitri’s girlfriend Yuliya M. Kalinina note in the interview she admits he is not a U.S citizen, and in his interview (pg-12) he admits he had knowledge of and willingly took part in this FRAUD against the United States of America.

Also note that Dmitri is not the big shot Forex Mogul he tries to make everyone believe he is, he runs his little operation from the coffee table of his law breaking girlfriend’s apartment.

I’m sure that you are surprised now like me but after showing you my evidence there will not be any suddenly surprise

Official Criminal Complaint Documents (PDF) -Case NO 07-1636M-1

Press Release-Busted in Marina Del Rey, CA for Marriage Fraud

CNN VIDEO -CNN Story On Just How Foolish They Were

L.A Times Story -About Dmitri and Yuliya’s Fraudulent Scheme

FPA Helps FX Solutions and AVAFX

Helping FX Solutions and AVAFX


Among that enormous numbers of brokers there appear FX Solutions and AVAFX, two brokerage firms. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

On the other hand, AVAFX- a well known brokerage firm- is registered in Tel Aviv. So what one can actually think about Israeli strategies? For their strategy depends on taking other shapes of the same thing as a curtain for them. Both of these two brokers are affirmed by FPA as the best brokerage firms to deal with and they give them the highest rank in their reviews.

Felix by doing so adopts these two brokerage firms to make them reach their highest top. And no body even asks himself about the real reason behind that.

FX Solutions Swallow the Market

There is no doubt that the majority of you know what FX Solutions is. It is one of the greatest brokerage firms in our Forex Market, which is given the highest rank by FPA in their reviews.

Among that enormous numbers of brokers there appear FX Solutions. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Thus, after affirming the credibility and reliability of FX Solutions it can be concerned one of the best brokers to trade with. By doing so, FX Solutions is swallowing the market, for all reviews about it affirms its goodness.

Forex Family Bastards

Forex Family Bastards


Actually all of you know about Forex Bastards, which is changed now to be Forex Peace Army. And you know also that this FPA is owned by Felix or Coffman, Bastards’ Master.

Among that enormous numbers of brokers there appear FX Solutions. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Thus, achieving what may be called Forex Family Bastards.

The Owner of FX Solutions

The Owner of FX Solutions

There is no doubt that the majority of you know what FX Solutions is. It is one of the greatest brokerage firms in our Forex Market, which is given the highest rank by FPA in their reviews.

After investigations and analysis, we come to the fact that FX Solutions is owned by Felix or Coffman’s brother in law!!!

So, Felix owns Forex Peace Army and his brother in law owns FX Solutions, Felix works for the favor of his brother in law and gives his brokerage firm the highest rank. Thus, traders can easily trust and go trading there.

Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Here seems to have a circle between these brothers. They achieved what we call Link uterus, for they are relatively working for the sake of each other.

FX Solutions and AVAFX Secrets

About FX Solutions and AVAFX Secrets

There is no doubt that in any field there are many branches. In Forex Market, there are banks, brokers, investors, traders, clients, etc… The main thing that differs a broker from the other is its reliability and credibility.

Among that enormous numbers of brokers there appear FX Solutions and AVAFX, two brokerage firms. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

On the other hand, AVAFX- a well known brokerage firm- is registered in Tel Aviv. Both of these two brokers are affirmed by FPA as the best brokerage firms to deal with and they give them the highest rank in their reviews.

So, there is an obvious link here between these three angles of the same triangle. But only he who wants to see the truth will notice it.

Unrecognized Forex Owners

The owner of FPA


There is an effective yet a real quote that says “life is so small”. Actually, not all of us believe in it, but there are facts and actions in our daily life that may have a proof for it.

For instance, in our Forex Market we used to hear about scams and spammers, but are all what we hear real or fake? Who knows!!

Many if not all traders in Forex Market may hear about Forex Peace Army, the forums site that aims to make reviews about brokers, which are actually Fake Reviews. This site’s owner is known as Felix, but his real name is Coffman, the fact we attain recently. He owns many other sites of brokerage firms and forums, like MB Trading.

His black business begins to have an imprint in Forex Market, for there are many traders begin to be either afraid or hesitated from dealing with certain brokers, which are actually patent.

Secrets Of Forex Peace Army

Secrets of Felix

After investigations we came up with Felix’s secrets (Bastards’ Master). His real name is Coffman. He is an American citizen; he is a rich man from a rich family.

Moreover, Coffman is the owner of MB Trading- a brokerage firm- which is registered in the States. Also, his brother in law is one of the owners of FX Solutions, which is a brokerage firm also registered in the States.

So, Coffman, or as all of you used to call him a Felix, is the owner of Forex Peace Army (FPA, which was Forex Bastards before), Forex Diamonds, King Signal Forex, and there is the newest predicate that http://www.mbtrading.com/ is owned by him.

After all previous announcements, there is no need to show you who Coffman (Felix) is, the bastard who make allegations about other patent brokers, and at the same time working for the sake of his own broker and his brother’s too!!!

Secrets Of Forex Peace Army

Secrets of Felix

After investigations we came up with Felix’s secrets (Bastards’ Master). His real name is Coffman. He is an American citizen; he is a rich man from a rich family.

Moreover, Coffman is the owner of MB Trading- a brokerage firm- which is registered in the States. Also, his brother in law is one of the owners of FX Solutions, which is a brokerage firm also registered in the States.

So, Coffman, or as all of you used to call him a Felix, is the owner of Forex Peace Army (FPA, which was Forex Bastards before), Forex Diamonds, King Signal Forex, and there is the newest predicate that http://www.mbtrading.com/ is owned by him.

After all previous announcements, there is no need to show you who Coffman (Felix) is, the bastard who make allegations about other patent brokers, and at the same time working for the sake of his own broker and his brother’s too!!!

Unrecognized Forex Owners

The owner of FPA


There is an effective yet a real quote that says “life is so small”. Actually, not all of us believe in it, but there are facts and actions in our daily life that may have a proof for it.

For instance, in our Forex Market we used to hear about scams and spammers, but are all what we hear real or fake? Who knows!!

Many if not all traders in Forex Market may hear about Forex Peace Army, the forums site that aims to make reviews about brokers, which are actually Fake Reviews. This site’s owner is known as Felix, but his real name is Coffman, the fact we attain recently. He owns many other sites of brokerage firms and forums, like MB Trading.

His black business begins to have an imprint in Forex Market, for there are many traders begin to be either afraid or hesitated from dealing with certain brokers, which are actually patent.

FX Solutions and AVAFX Secrets

About FX Solutions and AVAFX Secrets

There is no doubt that in any field there are many branches. In Forex Market, there are banks, brokers, investors, traders, clients, etc… The main thing that differs a broker from the other is its reliability and credibility.

Among that enormous numbers of brokers there appear FX Solutions and AVAFX, two brokerage firms. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

On the other hand, AVAFX- a well known brokerage firm- is registered in Tel Aviv. Both of these two brokers are affirmed by FPA as the best brokerage firms to deal with and they give them the highest rank in their reviews.

So, there is an obvious link here between these three angles of the same triangle. But only he who wants to see the truth will notice it.

The Owner of FX Solutions

The Owner of FX Solutions

There is no doubt that the majority of you know what FX Solutions is. It is one of the greatest brokerage firms in our Forex Market, which is given the highest rank by FPA in their reviews.

After investigations and analysis, we come to the fact that FX Solutions is owned by Felix or Coffman’s brother in law!!!

So, Felix owns Forex Peace Army and his brother in law owns FX Solutions, Felix works for the favor of his brother in law and gives his brokerage firm the highest rank. Thus, traders can easily trust and go trading there.

Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Here seems to have a circle between these brothers. They achieved what we call Link uterus, for they are relatively working for the sake of each other.

Forex Family Bastards

Forex Family Bastards


Actually all of you know about Forex Bastards, which is changed now to be Forex Peace Army. And you know also that this FPA is owned by Felix or Coffman, Bastards’ Master.

Among that enormous numbers of brokers there appear FX Solutions. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Thus, achieving what may be called Forex Family Bastards.

FX Solutions Swallow the Market

There is no doubt that the majority of you know what FX Solutions is. It is one of the greatest brokerage firms in our Forex Market, which is given the highest rank by FPA in their reviews.

Among that enormous numbers of brokers there appear FX Solutions. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Thus, after affirming the credibility and reliability of FX Solutions it can be concerned one of the best brokers to trade with. By doing so, FX Solutions is swallowing the market, for all reviews about it affirms its goodness.

I Was Personally Fooled by Felix, The Bastard, From ForexPeaceArmy

I Was Personally Fooled by Felix, The Bastard, From ForexPeaceArmy


I was fooled to use their signals, lost all my money after following their signals, and when i returned to them for help, they offered to get me my money back from the broker using their own way. the price was half the money. I was stupid enough to accept that as i was hopeless after my big loss.

I have been dragged to a fight between ForexPeaceArmy and the broker. FPA asked me to post that the broker has scammed me on many blogs and forums. They also asked me to send an email to the broker many times every day claiming that i was scammed.

In the middle of the battle, Felix called me asking for 2000$ up front to continue the fight, and threatened me to let me down with the broker if I refused.

At this moment, i discovered how stupid I was, and pulled out.
FPA showed no responisbilty what so ever for the fact that their signal was the reason for the loss in the first place.

Using unethical methods to blackmeil the broker to cover the loss never felt the right thing to do for me, and I really regret it. I have given up the case and told the broker all about what happened. To my surprise, they thanked me and rewarded me for honosty with a little deposit that I’m using now to trade, without the fake signals from FPA (Rob Grespit’s) of course.

I know many brokers are bad, but FPA is the worst thing on the forex market, watch out for these unhonost people.

I was googling for forexpeacearmy and found this blog that tell many stories about the forex market and FPA

http://forexpeacearmy.wordpress.com

These blogs are also showing many strange things in the forex industry, and most of them involve ForexPeaceArmy scams in a way or another

Oanda reviews by ForexPeaceArmy fooled members

fxkid, singapore

Rating:
Date of Post: 2008-06-05
Review: Here are some real facts of oanda as a platform:
(1) The spreads of oanda at news announcement times are up to as high as 30 pips! If you are not able to manage the extremely high spreads by trading with them, your account would surely be wiped out in no time!
(2) More importantly, the internet connection to their server/platform always disconnects straight after the news data comes out! Or worst still, the platform freezes during this time and it’d be a while before you can continue to trade. If you are already in a trade, you had better pray that the spike will continue in the direction it is intended to…
(3) Only use oanda as a broker if your heart can take these kinds of technical “failures”!

There are possibly better brokers out there!
Just my 2 cents… Thanks.

Scott, Florida

Rating:
Date of Post: 2008-05-29
Review: I have been using Oanda for nearly five years and just in the last six months or so the slippage has been unreal. And, like other posters, it is ALWAYS against me. I see a price, execute the order, the bid and ask are still the same, and my fill price is worse. I have called to get an explanation, but it’s useless. 1 pip spreads are great, except when you add 2 or 3 pips of slippage! Too bad, they used to be so honest. Not sure what went wront.

lee, korea

Rating:
Date of Post: 2008-05-26
Review: Game over!!!I don’t trust them anymore.We are in 2008 and they still
heve connections ,server problems…
“Order execution is a two step process” = slippage(always against me).

marco, Romaa cy

Rating:
Date of Post: 2008-05-24
Review: I close my account with them and I ‘am so happy for that.I fell like I saved my money.Reason?Connection problems ,server down…very often.Slipage on open , close and stop loss.This was the answer about slipage: “Order execution is a two step process. The FXTrade interface recognizes that you order price has been met and then the order is sent to the server for execution. In that very short period of time the market may move several pips in either direction. This is why our execution policy states that the exchange rate used for executing the order is the most current exchange rate at the time the order is executed at the server and not necessarily the threshold specified in the order.”
Price was 20 pips below my Stop loss and the position was still opend.This was incredible.They said “Thank you for your interest in FXTrade. We recognize the delay that occured today on your stop loss and wish to thank you for bringing it our attention. Our IT deptartment is currently looking into the issue…” but never did that.After this I start to trade with fear and all my trades was a disaster.Fortunaly I saved some money becose I understand that I can’t work without trust in my broker.Sorry for my english

Oanda.com Review-attacked by ForexPeaceArmy

When it comes to Oanda instead of using the title of scam I do not know
whether to use the title of FX-RAT and or CRIMINAL. If using a stop loss they
will get you and if not using one their sneeky margin call policy will. If
not using a stop loss their margin call policy is so calculated that it will
get you too quickly. Is this REALLY for your safety or another way to screw
you out of your profits?
I first started out with them using a stop loss but after awhile I had to
literally stop using one because 95% of the time I was stopped out. I was using
around a 30 pip one. Afterall, one is frowned on if one does not use one because
one is told one will loose all his account if one does not. One of my trades
with a stop loss was stopped out by the market moving within a pip or so past
my stop loss and of course immediately went the other direction. The market did
not move there on other brokerage charts. It looked so suspecious that I
complained with no resolution. For the market to have moved to that peticular
pip especially with no S&R present or near and immediately change directions
had an odds of one in a million. I knew right then I was being hunted!
So, now with no stop loss I finally started making a profit. But wait!
that did not last for long. What else could it be? It was Oanda’s very sneeky
Margin call policy. Their policy is so manipulated that they have to have math
calcultors on their site for their clients to use to figure a margin call, profit,
units available, etc. God forbid if one did not gratuate from college!! I went to
college, so I wipped the sweet off my brow.
Anyway, what happened next is the margin calls started coming in. By the way,
on a pratice account I had around a 95 % positive trade record. But when I went
live with Oanda’s platform, FO-GET ABOUT IT! Ok! so now that the margin calls
started coming in it did not make sense. My trades were not moving THAT much. So I
started taking a closer look at the Margin call policy and low and behold
I found out that their policy is that if ones trade moves around 50% of ones
margin used then one gets the big MC. In all my years of trading I have never
seen a margin call this tight with any other broker. For example: If your primary
account currency is USD and your balance is 400.00, the pair is GBP/USD, opening
rate is 2.0000, you are buying, using 10,000 units, margin ratio is 50:1, your
margin call rate will be 1.97979 and your loss will be $202.10. Thats half
of your account margin lost. The market moved 203 pips to hit the MC. But that
is SMALLER than the range of the ADR of the GBP/USD pair.
So :I asked Oanda about this. What was their excuse? It was that they didnt want
their traders to loose their whole account funds because the trader would not have
any funds left over to keep trading with them. Well, this touched my heart so
much that I had to get my Violin out and cry in my beer. Not really. hee hee.
It really sounded like a lode of crap! What really is going on is a sneeky
way of taking your money. Let me explain. Each currency pair has its own
average daily range (adr). The pairs volitility will move up and down inside
this range on the daily chart. It will hit a high and a low point. Oanda’s
margin call being soooooooo tight within this range one will suridly get hit with
a MC if the trade goes against you with no stop loss. Ones trade should be able
to BREATH in this range. In other words be able to move throughout the range
without getting stopped out by the MC while also not using a stop loss.
If one is trading WITH the trend on the weekly and daily chart
the market can move against you a couple of hundred pips or so depending on the
currency pair and USUALLY reverse and move in your favor again.
So your trade needs this room to breath and should not get a MC. One could use a
stop loss outside the adr to avoid the stop loss hunting but if hit it will
be a big loss but so is being continuously stop loss hunted. The only
way to keep this MC from happening is use a tight stop loss near your enter
and get hunted, or adjust the amount of units and or leverage used. About
half or less of your units and or a smaller ratio of leverage, say from
50:1 dowm to 20:1 or more. Ok thats fine but what happens is that your profit
per pip drops to a rediculous amount to the point that there is no point
in even trading in the mini market. One is forced to use large amounts of
capital in your margin account. So one in the mini market
is forced to gamble with this around 50% of your account margin call business.
You could use a stop loss to prevent this whole thing but we all know about the
stop loss hunting gamble. If one wants to invest in FX on the long held
trades (with no stop loss) you will probably get a margin call. Scalping may only
be a way to make a profit at these odds.
I argued with Oanda about this whole MC business and they said that they can’t keep
adjusting the MC to fit the ADR of each currency pair. What I understood them to say
is that it would be too difficult. But they have these math calculators for every
little thing as mentioned above so, I guess their computers would get exhausted and
burn up if they had to do all that computing. God forbid! The other day I had a trade
move within a PIPETTE (INCREMENT OF A PIP) of my take profit point then shot back the
other direction into a MC. This would not have been suspecious except that this happened
two days in a row. Either the price was manipulated by Oanda or everyone should kiss
my butt cause I am a Freckin market genious! :I can predict down to the pipette
where the market is going to go. Just kidding! And the positive reviews of Oanda on
this site make me want to FROW-UP. Either these people work for Oanda, have little
experience in trading FX, or have the IQ of a monkey. Probably the first two.
The answer to getting around the FX-RATS and all this could be to NOT use a stop
loss, only use a broker that has a loose margin call with more breathing room or one
that stops at zero funds. It will be a gamble of course if your trade keeps going
against you and you loose all of your account. It will be less of a gamble if you use
a currency pair that has a daily ADR that will give you plenty of breathing room far
from the MC point. The Adr should be much smaller than the MC range. Also, one needs
to still have funds in the account to recover if the MC is hit. As of this date
because of Oanda’s MC policy my account funds are $6.93. I lost it all because of
deciding not to use a stop loss and their rediculous MC got me. Since Oanda has
kicked me out of trading with them for arguing with them I am looking for a broker
that will let me have a reasonable Margin Call and let me BREATH!

andrew, australia - GFTForex prohibits news trading - ForexPeaceArmy

This company makes it clear that you cannot trade the news with them. Thats fine since I dont trade fundamental announcements. The problem I have is with their trading software. They have a facility called one click order that is to assist with traders who like to scalp the markets. I find that the software freezes continually to the point where it is unusable. The demo account works fine but real trading is a problem. Gft will tell you it is your computer, however I have a brand new computer with the latest specs, so I know it is their software.

The audacity for this company to lie about their software is incredible. I found some of the support staff to be rude and very defensive. The bottom line is this. Most forex brokers are in business to rob inexperienced traders that is how they make a living. Gft is no exception.

Femi, UK -ALL i can say is stay away from GFTForex

ALL i can say is stay away from GFT. They have very sweet tongue Sales Reps but they are not what they say they are. GFT are the king of stop hunting. Long spikes appearing from no where and taking you out of your breakeven points or stop loss points. Have a look at the gbp/nok on the 5th of Dec 2007. At 06.45, the price spiked up about 800 pips. This did not happen on any other platform at the time. I was in a short position at the time and up over 200 pips but luckily not with this broker. I had closed my account a week earlier otherwise I would have been stopped out if I was still with GFT. I only had an account for a couple of weeks and about 3 or 4 times in this short period, GFT spiked up their price and I was taken out of my break even points. I was already in profit of over 100 pips on each occassion. Watch out for the persistent pressure from their sales reps. They polish their services in words but it’s a completely different ball game once you start trading with them. They will slip you massively especially at news times and if you use their Direct Deal ticket, you are definitely getting requoted a very bad price. The only good thing is withdrawal was within 48 hours.

Willliam , Arlington, Va - GFTForex takes the opposite position

From: Kevin Martinez, Grand Rapids Michigan
Date of Post: 2007-07-01

Review: I used to work for GFT as a forex broker and I would never trade my own money with this company. They openly admit to hoping every client loses money because the company takes the opposite position. The better you trade…the more they come after your money. BEWARE!!!!!!!!!!!!

IF ONLY I KNEW WHAT I KNOW NOW WHEN I WAS TRADING WITH GFT. I WOULD HAVE SAVED ALOT MONIE BECAUSE I WOULD NOT THINK A COMPANY LIKE GFT WITH ALL THERE COOL CHARTS AND STUFF ARE LIKE THIS.
THANK YOU Kevin Martinez. AND FOR ANYONE WANTING TO TRADE WITH THEM…DON’T

JB, TEXAS - Personal analysis of GFTForex - Felix

I haven’t actually traded with GFT yet, nor forex at all, but have been studying it,
have had a few teleconferences with a salesman, have the platform,
etc., and more importantly, have been doing my homework. Reading
here about GTF is simply more homework. To add some bit of
credibility to my comments, I add that I am an experienced securities and
equities trader, gold and silver buyer ( never seller ). I have for some long
time, and still do work as an industrial consultant in and out of the country,
and am paid quite well for it. Now, though, I make a small bit more, from
my investments. So, that is to say, I have a nice bit of money. And, there is
always room for a little more money, isn’t there?
So here I am, boning up on GFT itself. After reading all of these comments,
I feel compelled to offer what I believe to be good information to all. First off,
is that I am a person that definitely believes in doing homework and due diligence
in all matters important. So, having read, studied watched and observed the
forex markets for some time now, before contacting GFT, I have the following
to offer:
GFT will be slow in execution. This is because of their lowly position in
the financial community as well as their providing timely information to clients.
Larger clients will get their stuff done first. ( They are not more important, but
their larger amounts of money are, to GTF). If you have put in a formal order,
such as an OCO order or better yet a contingent order like a OCO if/then stop
loss order, they must fill it or you have legal recourse. I know people ( including me)
like the online button pushing, but there is nothing like a telephone order. Timing
orders will only end in frustration with GTF because, they by nature are slow. So
event, or specific news driven decisions, is out. This is silly anyway. Since, newse
brings on only emotional stupidity in the markets, of any kind, a knee jerk reaction
only makes things worse. Because, people tend to jump into the markets when
they are going up, and jump out when the market goes down, even so called
experienced traders. Well, Warren Buffet says otherwise, and he ought to
know. Buy when the market is headed to the dump, and sell when it is headed
to the top ( just be on the correct side of the SMA. Which brings us to the next
important thing.
GFT promotes, or coerces or forces clients to leverage. 100:1, 400:1. Well
this is a major part of peoples problems. So, it’s really difficult to buy in/sell out of a
currency pair and hit it just right, the wide spread complicates it too. So that with the
margin, a 5 % misstep, on 1,000 with a 100:1 margin is a loss of 5k. If that’s what
you’ve got in your reserve, you still have your stuff. But, if you’ve only got 4k with
them in reserve, well, thay take your cash, close you out, and you don’t even get
a kiss. Remembering that GTF is counter party to all your deals, they won’t cry
too much when you bite the dust. They are a lot like a casino, in this way, that
the house is stacked against you. You’re not going to get an even deal. They
are not going to be dishonest about orders, just, things are not in your favor.
And, leveraging, is almost always a bad idea for people that really don’t understand
it, the power for loss and gain.
I guess this last is the most important part. You have money. And GTF wants it.
They will tell you tales of fortunes made, happy millionares made from forex over night,
win - win situations. Well, that’s their job. Salesmen, hawkers, carnies, sideshow barkers,
” Come one, come all, step right up Ladies and Gentlemen, spin the wheel of fortune,
everybody’s a winner, step right up.” Now, I don’t have anything against carnies. I just
recognize them for what they are. The situation here, is that you have money. And they
need it. They don’t only want it, they need it. They can’t make money with out your money.
The reason? They don’t want to use their own. They are not silly enough to enter
in on a margin bet with their own money. They want you to do it. They make your money
if you can’t make your margin. They don’t make formal margin calls. They just take your money.
A margin call, is with equities. If you’ve leveraged on a stock, and the price falls below the
margin limit, they do a margin call, and you have to either come up with the cash, or they
take your securities. GTF doesn’t to margin calls. They just take your money when it
falls below the margin limit. They don’t call, they don’t even send flowers, they take your
money. It’s forex. If you can’t afford to sit out maybe a month or two, with out going below
your margin limit, by either having a large reserve, or by being just super perfect, then you
can’t afford to margin in forex. But really my point here, is that they need your money
because they don’t have any of your own. They need speculators to make a buck. They
make money on the spread, yes. But the big bucks, are when you lose. Your loss is their win.
Things are stacked in such a way, as be sure, that mostly, you lose. Not because they are evil.
But, because, you’ve got to make the spread ( for them) before you can make anything for
yourself. And, if you’re trying to trade for the short term, the timing has to be perfect,
or things have to go just right, which they usually don’t. Maybe, it’s better for most
to do mutual funds. You can get 10-20% with that. With a little dilligence, more. The point
is, they don’t have any money of their own to do this. They need yours. You have money.
You’ve worked hard for it. It’s real money. money that you spent a good chunk of your life to
get. If you don’t have whole pile of it, forex just might
not be the best thing. I’m here, trying to get ready to try forex trading with my real money, because
well, I do in fact have a whole pile of it. I wouldn’t be here otherwise. Forex trading, for most
people, rides the edge between spectulating and gambling. It’s on the other side of the planet
from investing, if your leveraging. If you want just to hold your money in another currency,
that’s one thing. You won’t make a lot of money fast that way ( the reason most are here),
but you will at the same time head off inflation, and beat away from deflation. But, you still
have to do it at the right time. It’s easier though, because you’re not trying to pinpoint a spot
in time but a range of maybe days. You won’t make a killing, but, if you can put down a
couple of hundred thousand of real money, and switch, say, from a declining US dollar, into
a rising Aussie dollar, they you can save a few thousand. Then when they pass going the other
direction, switch back, save some more. They do it at least a couple of good times a year.

Remember, that forex, is what countries and large institutions do back and forth. It was
never designed for small fries like you and I. It’s just been opened up to us. And, that’s only
because places like GFT can act as go betweens. We trade in small lots, they must trade in
large lots. So, guess what else. They make the large money. We make the small money.
That’s how it is. That’s how they earn their daily.

Well, that’s all. Now we can all sit back and watch the response letters, telling me
what an ignorant jerk I am. That’s ok. Maybe I am. But, I’m a rich ignorant jerk,
with lots of my very own real money. And, guess what. Whether I do forex or not,
GFT or not, I’m going to keep it that way.

( Elvis has left the building )

GFTForex reviews - Members of ForexPeaceArmy

Irate, Jamaica

Rating:
Date of Post: 2008-02-12
Review: This review is more about GFT’s “free training” offer and their customer service than about the platform/broker. Don’t skip my review however, as it will give you an idea as to whether or not this firm can be trusted because, if you don’t care about the customer, what do you care about? If what you care about is money, then you will have to churn through customers in order to keep your business going. Of course, churning through customers leaves a lot of angry people in your path.

First, I want you to note that I am careful and meticulous. However, when it comes to the Forex market, you can add suspicous to the list. For this reason, I ask many questions before I spend a dime. Secondly, let me state that I was attracted to GFT because they offer an “unlimited time” demo account once you maintain a live account.

One can see the benefit of this since you need more than a month to learn to trade. So I decided to open a demo account and downloaded their software. Shortly thereafter, a rep contacted me to tell me about their free training offer. By questioning the rep, this is what I understood about the training offer.
[] I’ll get FREE training if I open a live account.
[] I can close my live account at any time WITHOUT PENALTY OR ANY OTHER CHARGES.
[] The reason they are being this generous, is that, if I like their software and service, I’ll become their customer.

This seems reasonable since brokers make their money from customers, hopefully via the spread. The spread allows the broker to make money whether or not the customer is making money. Note, I did not inquire about the quality of their training because I was willing to take a chance since I had been reading quite a bit and thought I knew enough to fill in any gaps. Even though I am not upset about the training, I want others to be aware of it’s shortcomings, which are;
[] It was NOT structured thereby leaving you with more questions than answers. Without prior knowledge you will be lost.
[] Lack of structure left gaping holes. I first got basic information via their online web tutorial. This tutorial was not even near the quality of babypips.com. In fact, the rep referred me to babypips for lessons in the basics of forex. Then suddenly we jumped into advanced informtion given by the rep such as gartley and butterfly patterns which he was not equiped to explain.

I am angry because, they either lied to me or misled me. US$50 has been removed from my live account which was NOT SUPPOSED TO BE TOUCHED by anyone other than myself. I never traded the live account. It was maintained strictly as a means to get the unlimited time demo and the training. I am also upset about their customer service that keeps referring me to my rep who I have attempted to contact but he has made no attempt to contact me for about 4 weeks. Needless to say I have closed my account.

For credibility, since I have not given my name, and also because I have seen where other brokers have refuted the authenticity of reviews, let me give the first name and first initial of my rep’s surname … Michael S.

Chase, Arizona

Rating:
Date of Post: 2008-06-11
Review: GFT is falling apart! I’ve traded with them for over a year now after having a bad experience with FXCM. When they added futures to Dealbook, I was excited about the product expansion. Unfortunately, immediately after adding futures, the platform slowed to a crawl. When I called to complain, their tech. support had me uninstall then reinstall the platform — not once but five times (a 22MB file)!! I was even sent a “patch” to correct the issue but that failed as well. I then decided to call my forex specialist as a last resort before closing my account. My call was answered by an individual that did not know anything about forex or futures but was assigned to my account due to my prior specialist quitting. I asked this person if they had any trading experience at all and their answer was “No - I’ve never traded a live account.” Needless to say, my confidence level with GFT was heading south fast. When I asked to speak to a manager, I learned that he was new as well and knew less about Dealbook then my new specialist did! He has no trading experience either and could not help me with my problem although he was very proud of the fact that he has hired over a dozen new forex specialists with no prior industry or trading experience due to the high employee turnover. When I informed him I was going to close my account, he proceeded to tell me how GFT is now mirroring FXCM in both variable pip spreads and trade execution. Wrong Answers GFT. You took what was once a good trading platform and company then destroyed them both. I closed my account that day!

Linda, Washington

Rating:
Date of Post: 2008-06-02
Review: GFT is not a good brokerage in my view. First, the charts look strange and are hard to read. Next, our “broker” left GFT without notifying us and we went through about a week of trying to communicate with GFT without anyone telling us what was going on. (They just said, “no one works here by that name” at first. When we finally got someone who knew that she had worked there and had quit, the person we spoke with defended her (the broker that left) unprofessional behavior and was rude to me.
Last, (but not least) I have spent some time comparing price action on two charts simulataneously in two different systems and found that GFT can be going one direction while Metatrader is going a different direction. So, something is rotten somewhere!
If you can’t trust their prices and you can’t trust their people, what can you trust?
Thanks, Linda

Ellil, aleppo

Rating:
Date of Post: 2007-09-27
Review: I tried them for a little while.
there platform does not give the trader any cut.
Slow, froze often, the pc worked like old lady carrying a heavy load. So, I could not open any other brokers at the same time.

RICARDO OBREGON, COLOMBIA

Rating:
Date of Post: 2007-09-26
Review: This broker has a very good customer service, my rating is 10, but They have stolen my money, because when you close a position and don’t let your Stop Loss or TP trigger, an order is triggered in the position where you left your SL o TP. If you were buying a sell order will trigger and viceversa. You have to be deleting your SL and TP positions, How can it be possible!!! Unbelievable… Do not trade with this broker.

Lee, Malaysia

Rating:
Date of Post: 2007-09-21
Review: They just closed my account without inform me even i have small sum in it.
They just ask me to open an account again when i live chat with them.
They just stolen my money

ForexPeaceArmy and DiamonSignals have been hacked. Member IDs stolen

Hot from the news,

The master database of ForexPeaceArmy and all related sites have been hacked. Users data have been stolen. Hundreds of members of the sites and services are reporting getting emails from the hackers.

The problem with this security breach is that the trading sites owned by FPA, like avafx, share the same database, so basically, traders information have been hacked.

We urge all members of these services to at least change their passwords and be careful of emails they receive. int he coming days.

Another Fake Signal from Felix Has Just Came Out-Traders, Watch Out

Hi there

This is Felix writing. I wanted to share with you my outlook for the month of June, 2008.

I just recently sent in an order to my bank to go short on GBP/CHF. In my opinion, considering the current circumstances, the strongest currency out of the 8 majors is Swiss Frank, and the weakest is Great British Pound.

I actually initially called a short on GBP/CHF back in December of 2007. During that time, everybody was being crazy about shorting GBP/ JPY, which was definitely a good thing, but I remember talking over the telephone with my partner Sir Pipsalot, who is running the ForexDiamonds.com service, and I told him that I think a short on GBP/ CHF is even better than a short on GBP/JPY.

Well, to make the long story short, in 2008, on global scale, Swiss Frank gained 7.19%, and Great British Pound lost -3.07%. In comparison to Swiss Frank, the Yen only gained 0.48%.

Yep, it seems like everybody was talking about the strong Euro and strong Aussie in 2008, but in reality, Swiss Frank outperformed them both. Here are the detailed statistics on all 8 currencies:

CHF: +7.19%
AUD: +5.72%
EUR: +4.08%
JPY: +0.48%
USD: -2.32%
GBP: -3.07%
CAD: -5.18%
NZD: -5.19%

Looking at these statistics, you may be wondering how in the world I came up with these numbers? Well, the way I came up with them is I compared each currency against the 7 other currencies, then I derived an average from that. This way, we can not only know how a currency performed against one other currency, but we can know the average against all the other 7 majors.

I actually requested a programmer to build me a calculator to do that. This way I could see in one snapshot the overall picture for today or yesterday, or for last week, or last month, or any custom date. And we are actually going to offer this calculator as free tool for our ForexPeaceArmy community. Wait for an announcement on that sometime this month. I believe this tool would improve your trading.

Anyway, sorry about that, it seems like I got a bit carried away here. Let’s go back to our GBP/CHF short.

Here is the situation. The UK economy has been put in a tough situation. Their inflation is going up, while their overall economy is slowing down. So there has been a lot of uncertainty about the UK interest rate which is at 5.00%, which is still very high, comparing to the rest of the world.

So what has happened, is in the month of June, GBP has actually gained value, because there were speculations of further rate hikes. You may be surprised to hear that, because it seems like GBP/USD is going down. The reason it’s going down is that US dollar has gained even more value than GBP. But if you compare GBP against all the other 7 majors, and derive an average, it’s actually gained around 1.06%, just in 10 days, which is a lot.

So to make the long story short, the market is currently pricing in rate hikes from the UK, which are highly unlikely, so if there is a cut in the next 3 months, it would be a big surprise, and the pound will lose a lot of value.

On the other hand, the Swiss government seems to be very happy about their interest rate of 2.75%, and the market is still pricing a possible cut by the end of the year. Regardless of it, the CHF has gained 1% in May, and already gained 1.86% in June comparing to the average of the other 7 majors.

So we are definitely seeing a solid trend of falling pound, and solid trend of rising Swiss Frank. Please note that the pound is falling, despite their high interest rate, and if they cut, it would only aggravate the fall. On the other hand, the Swiss Frank is rising, despite the fact that there are talks about possibility of rate cut by the end of the year. So if they decide to stay on hold, or even hike, it would only put fuel into already rising frank.

I hope I am making sense here, and of course once that calculator is posted, you will be able to have a very invaluable tool to your trading.

That’s all I have to say for this month. Next month, July, one of my friends who is managing a fund of several hundred million promised to write up his take on the forex market I personally look forward to that analysis.

What do you think about what I said about Pound and Frank? I’d love to hear your feedback and your 10 cents on the issue.

Thanks
-Felix

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A Trader Fights with Felix and Rob After Losing $100k

rob the robberHot from the news, ForexPeaceArmy has caused a trader to lose 100k in a wrong signal this week.

The trader from US was fooled by the marketing propaganda Felix and Rob are overwhelming the web with.

He followed their signal and was stuck with a huge loss of 100k. Felix refused to reply to his emails, and at last, he was able to locate them at their place.

The fight has been going for 3 days now, and the bastards refuse to help(not sure if they are able to help either)

The poor guy is now involving a lawyer and evaluates all possible actions.

Rob Signals Are Just Blind Guesses

I was a member of kingforexsignals for a few months. Unfortunately those are the months when Rob was losing most of the time. Anyhow, Rob may be doing better now. I personally don’t like following someone’s signal blindly to trade forex. That is the same as having a money manager manage your money because with Rob, you buy and sell without knowing any reason behind them. So, instead of taking orders from Rob to do your trading, I suggest you find any famous money manager and let him handle your money so that you may have some free time to do things you want to do.

The trading style of Felix is somewhat different. He used to be a spike rider, probably still is. He would try to get on a trade based on news reactions, which seemed much more educational but too exotic for my style. So I eventually left the service after trying it for 3 months. If you are a total newcomer, you may try Felix’s service for a month or two to learn something. But from Rob’s service you may make more money but you won’t become a single bit better trader, you will only waste your time. Let Rob trade with your money instead. That may be a better choice.

If you are curious to know how Rob decides whether to buy or sell. Plainly speaking, I don’t know. No kingforex member knows. He claims that he has special bank connections so that he can see bids and offers in the interbank market. I don’t know if that’s true or not. But what I do know is that, Rob used to lose most of the time when I was a member, so he is no superman for sure. May be a good trader at best.