Showing posts with label broker. Show all posts
Showing posts with label broker. Show all posts

Wednesday, November 19, 2008

Forex Peace Army Write Bad Reviews About the Broker

when Forex peace Army write anti posts for the brokers there will be battle between the broker and the traders that are helping FPA.

I want to say that everything is online and not hidden behind another name like Pharaoh character, and all traders should read carefully the TOS before opening accounts to make sure from the terms that are listed that will keep thier rights in safe hands.

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Pharaoh Build Bad Reputation For The MetaQuotes

However, this is clear in the comments made on Money Forex scam case, for all at once believe and support the case. Besides, all comments are made in two days in sequence. One of the impressive comments there is that of Pharaoh where he wrote:

"Wow! Someone beat me to the helpful advice. Good job guys.
I'm not sure of MetaQuotes would really try to restrict sales to the worst brokers. I've read they have server side add-ins to help brokers cheat clients by manipulating slippage and requotes. Still, I guess it couldn't hurt to ask.
I can't condemn 100% of offshore brokers, but Craigmalm and Damir are right that you should be very careful with that sort of broker. A licensed, regulated broker can also rip you off, but it's less common."

As you know Pharaoh is the prisoner Robert Grespi that all the world call him the criminal as you see him always behind another name which is Pharaoh. I feel that he is a friad to show or to give his real name and I noticed that in many topics related to his contributions.

He is trying to build bad reputation for the MetaQuotes by saying that they have server side add-ins to help brokers cheat clients by manipulating slippage and requotes.

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FPA Bad Advises

Edforex complained to FPA accusing his broker, Money Forex, of stealing his money by suspending his account because, according to him and FPA, he has made large profits of $100,000. But for Money Forex, they justified their suspension that Edforex has vaiolated their leveraged policy after he has been upgraded to a platinum account, whose leverage is set at 50:1, he still trading at his previous normal leverage which is 200:1. And thus, becoming suspended and is prevented from logging to his account.

As usual, FPA comes as the saviour and traders' angel and began in helping the so called victim of Money Forex, and guess what? One of FPA committee member, Tessa, made her calls and investigations with the broker and there was no response! And hence, FPA comes with their final role to claim that Money Forex is totally scam and advise traders to keep away from it,
"We strongly recommend traders not to do business with this company. We recommend withdrawing any funds and closing account you may have with them.

Read The Full Story Here