Spotting a forex scam


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Image Code 5 characters. Rashid Hashmi i dont think u can answer this question , pls let me talk to ur manager? Saturday, January 30,

Back in the Day: The Point-Spread Scam

ZB Forex expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

But the majority of violators have historically been United States—based companies, not the offshore ones. A popular modern-day scam is the signal seller. Signal sellers are retail firms, pooled asset managers, managed account companies or individual traders that offer a system — for a daily, weekly or monthly fee — that claims to identify favorable times to buy or sell a currency pair, based on professional recommendations that will make anyone wealthy.

All the unsuspecting trader has to do is hand over X amount of dollars for the privilege of trade recommendations. Many of these scammers simply collect money from a certain number of traders and disappear.

Some will recommend a good trade now and then, to allow the signal money to perpetuate. This new scam is slowly becoming a wider problem. A persistent scam, old and new, presents itself in some types of forex-developed trading systems. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. This will cause unsuspecting traders to do nothing more than gamble. Take a tour Feedback Sign in Settings.

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Korea's Trade Surplus with U. New York Observer During this time, support could not provide normal answer. They jsut said wait, your request will be processed as soon as possible. On the 4th day, for some reason, they claimed that I must provide another ID documnet. For some reason, they did not like my driving lciense. And again, no adequate answer. Just do what we say.

All in all, verification passed and I got my account, but without big wish to trade after that. I downloaded terminal and tried demo first. Order execution is not excellent, though non worse than by average brokers. But real entertainment began on the next stage on our cooperation. Unlike demo, their real account has spreads widened during each deal opening.

I traded only several short deals with this broker, and it was enough for me. On the second week of my trading, I got fed up with such conditions and applied for withdrawal. Sincerely hope that remainings of initial deposit will get back to me without difficulties. I'm glad that I deposited comparatively small amount. The list of availalbe instruments is subject to change. The oil has been removed from it as it was internally decided that we should do so.

However, as the list can be changed, the oil trade may be availalbe again in future. We are now actively considering this issue together with our liquidity providers. As for other brokers, they may have other liquidity providers, which is why some of them have oil trade enabled, whereas others don't.

If you have any other questions, please ask here or send me an e-mail at georgii. To submit your own Forex Broker review for Exness fill the form below.

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Reviews reviews of Exness are presented here. Wednesday, September 5, Sunday, August 13, Rashid Hashmi i dont think u can answer this question , pls let me talk to ur manager?