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SOCIETY, BUSINESS and ECONOMY => BUSINESS and ECONOMY => STOCK and FOREX EXCHANGE => Topic started by: Jens Taiwo on December 04, 2009, 03:36:01 PM

Title: beware of fraudstars in forex business
Post by: Jens Taiwo on December 04, 2009, 03:36:01 PM
beware of people who proclaim to be fund mangers but they are not, i ve tested their capabilities and found them to be fraudsters.  .  .   they come in the name of sweet angel MICHAEL but end up being dark angel LUCIFER.  .   they are even on the Nigerian best forum.  .  .  they sell goods, or softwares, yes.  .  but dont give them your money to manage claiming they will make huge money/profit at the end of the month or monthly basis.  .  .  they calim to be NO1 in nigeria,,but they are actually the last people any any should ever try.  .  .  pls beware  >:(.  .  .   i wont want to mention names, but a word is enough for the wise man
Title: Re: beware of fraudstars in forex business
Post by: Prince on December 04, 2009, 06:02:52 PM
Thanks for your advice, i have been warning people.
Please look before you jump.
Title: Re: beware of fraudstars in forex business
Post by: chidi_nwaogu on December 07, 2009, 12:54:07 PM
Thanks 4 the advice.  i appreciate it
Title: Re: beware of fraudstars in forex business
Post by: forexpert on December 17, 2009, 02:36:00 PM
Why would any right thinking person put their money in investors whom they have not properly investigated properly.  Infact, I would say invest your money and manage it yourself.  Trade the forex market yourself.  If you can work anywhere and make enough money to invest with fund managers who might just abscond with your money, then you can trade the forex.  it is not more risky that putting your money with fund managers.
Trade and forex and do it right and I assure you, you'd do much better than twice of what the best fund manager can give you.
visit www. babypips. com if you need instructions in forex.  They are the best as far as I know.
Title: Re: beware of fraudstars in forex business
Post by: Holyguy on December 17, 2009, 02:46:34 PM
Guy I appreciate your advice. Bravo! Bravo!! Bravo!! to you.
Title: Re: beware of fraudstars in forex business
Post by: Nigeriana123 on March 09, 2010, 05:10:17 AM
Forex is a high risk business.  Fake money managers are making it even more difficult.  Beware.  The advice is timely
Title: Re: beware of fraudstars in forex business
Post by: 2napa on March 25, 2010, 08:01:24 PM
Thanks 4 d advice am a also forex trader

Post Merge: March 25, 2010, 08:02:26 PM
Thanks 4 d advice am  also a forex trader

Post Merge: March 25, 2010, 08:03:43 PM
Thanks 4 d advice am  also a forex trader
Title: Re: beware of fraudstars in forex business
Post by: fancybynature4ever@yahoo. on March 25, 2010, 08:52:58 PM
Thanks
Title: Re: beware of fraudstars in forex business
Post by: balogunsesan on March 28, 2010, 01:07:33 PM
All you have said is true.  Never give your money to anyone to manage for you.  Some of them even go to the extent of promising you high returns on investment but at the end of the day fails to deliver.

The best bet is this, Create your forex trading account yourself and link it to your domiciliary account.  You can then give it to a good forex manager to manage on your behalf.  Nerve and Never give your money to ANYONE.

CHECK THIS WEBSITE OUT FOR MORE INFORMATION.  www. balsesbiz. com/products/forex_account_management/

Its the best FOREX ACCOUNT MANAGEMENT COMPANY IN THE CITY OF LAGOS. 

BALSES BIZ and CONSULTING FIRM

Located at 32, Akilo Road Opposite Latter Rain Assembly Ogba Ikeja

www. balsesbiz. com
Title: Re: beware of fraudstars in forex business
Post by: Tunero on April 02, 2010, 02:09:15 AM
I agree with those comments.    If you are thinking of giving your funds to a manager make sure you do your due diligence.    Personally, I would prefer to learn myself - and anyone can! Go to www.  babypips.  com to get educated, and to www.  forexpeacearmy.  com to get trained.    And check out my free e-books at www. stresslessforexsystem. com!
Title: Re: beware of fraudstars in forex business
Post by: walata10 on April 02, 2010, 02:35:02 AM
Good day fellow trader, i am not hear to hype or gimmick anybody here but hear to share my own knowledge in forex world,
Well, i have been a consistent trader for about 5years now, and i have come with amazing robot which has been sucking money in the forex world, and is being generated by myself with strictly money management if you know you greedy pls stay clear because forex trading is not for you.   
All of us know MT4STATS.   COM that they will never give fake results, they post it as it is live and direct.   
Therefore, i want you to check some of my acct that has been running on mt4stats and contact me if you are interested and have some comment.    you can as well send your reply as a post or mail to waldun2000@gmail.   com
Here are the link:
http: //anyim1.  mt4stats.  com
hxxp:  philip3.  mt4stats.  com
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hxxp:  daniel2.  mt4stats.  com
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http: //bolarinwa2.  mt4stats.  com
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Check out those acct as many are yet to be posted.   
Have a lovely trading life
Title: Re: beware of fraudstars in forex business
Post by: legsceo on April 09, 2010, 11:29:09 AM
The problem is basically the mentality of our people.  People want to make money but are not prepared to do what it takes to get to the promised land.

I have been in forex for four years now, and it took me a good while to get a grip of the market.  Even now, we get occasional surprises.  I always advise against giving money to anyone to trade for you.  It's better to learn the trade and do it yourself.
Title: Re: beware of fraudstars in forex business
Post by: Tunero on April 10, 2010, 05:18:58 AM
Quote from: legsceo link=topic=57167.  msg293020#msg293020 date=1270808949
The problem is basically the mentality of our people.    People want to make money but are not prepared to do what it takes to get to the promised land.  

I have been in forex for four years now, and it took me a good while to get a grip of the market.    Even now, we get occasional surprises.    I always advise against giving money to anyone to trade for you.    It's better to learn the trade and do it yourself.  
Hear hear! I think this just about sums up the whole picture in Nigeria.   We've had all kinds of promises from wonder banks, scammers, one-time successes (God knows where they are now), etc.   The fact is it's best to learn on your own, or get training from someone with a solid foundation.   Many people want to get rich quick, without putting in the necessary sweat and blood and tears.   I run training courses and market a good self-developed system myself on www.  stresslessforexsystem.  com, but personally I would not wish to train or offer help to someone who would not want to see the reality of the situation and be patient and disciplined enough to learn.  Plus all these supposedly no-loss robots and systems - sheesh! I would have been amused if I did not feel pity for those who fall victim to such.
Title: Re: beware of fraudstars in forex business
Post by: Nigeriana123 on April 11, 2010, 08:02:12 PM
Learn the basics of forex trading first, then invest small amount to see how it goes.  Keep learning till you make consistent profits.
Title: Re: beware of fraudstars in forex business
Post by: EltonMayo on April 14, 2010, 03:30:23 AM
I personally do not trust all these managed forex accounts.  I think 99.  9% of them are scam.   I prefer to trust my knowledge. 
Title: Re: beware of fraudstars in forex business
Post by: stiano on April 14, 2010, 07:32:29 PM
Quote from: EltonMayo link=topic=57167. msg294219#msg294219 date=1271212223
I personally do not trust all these managed forex accounts.   I think 99.   9% of them are scam.    I prefer to trust my knowledge.   

you are right guy.  but instead of managed forex accounts system, why not be getting signals from reliable sources, like myself.  check me @ sundayogunbiyi. blogspot. com
Title: Re: beware of fraudstars in forex business
Post by: successlynk on April 17, 2010, 06:58:58 PM
Hello,

I will not agree to the fact that all forex manage account or whatsoever you call them are scam.   I recently lost over N1.  3million to one of this stuff in lagos.   The guy trade forex with people's money and because of the testimonies of his customer i joined but after few weeks he lost all our money.   Is that scam? Many people blindly go into forex trade or join forex club or manage account because of the so-called huge profit they are promised or they think the business will yield but to be disappointed by the high level of risk of trading forex. 

The worse part of the matter is that most of these so-called traders especially in Nigeria are people that are trying to make ends meet.   They are not good traders but people that have been dogmatized or made to believe that forex is the way out of poverty. 

Ask your friend or someone else why they want to invest into forex they will tell you that because of the profit.   I can tell you that 99.  8% of the so-called forex traders are gamblers who didn't know what they are doing.   And to make the situation worse they will disappear if things go wrong. 

It was after i lost N1.  3m that i discover that this whole issue of bring money and i will trade forex for you is a mess and highly risky.   forex is not meant for young, unemployed or underemployed people it is meant for people who can avoid to loss at least $10000 or more without feeling the impart. 
Why forex trade when you can try other less-risky and highly lucrative internet business.   See this blog for one of such business: eiftreasure.  blogspot.  com

Post Merge: April 17, 2010, 07:06:08 PM
there is nothing wrong trading forex but if you want to trade it yourself or join forex manage account think of the risk involve or else you will regret it.
Title: Re: beware of fraudstars in forex business
Post by: inyonkfx on May 19, 2010, 08:49:39 AM
thanks for your advice, i am newbie at forex.  your advice helpfully me for learning forex trading .  thanks a lot
Title: Re: beware of fraudstars in forex business
Post by: lender on June 15, 2010, 03:06:41 PM
There is no business in the world any one can be suceesful without proper understanding of the business.     The reverse is the case in most naija that engage in forex trading.     Forex market is the most volatile market any one can ever think of.     Armed yourself with good knowledge of how the market operates.     To build a long business in fore market you can download the absolutely free ebook on how to profitably trade forex market   www. forex-profit-trading. com/freebook. htm
Title: Re: beware of fraudstars in forex business
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Title: Re: beware of fraudstars in forex business
Post by: fxsignal on January 08, 2011, 10:51:01 AM
why not trade forex urself,and make profit like this?why giving money to people to manage for you?that's a personal question for you
best regard
Aimuan Aaron
mfxworldltd@yahoo. com
 08134812489
Title: Re: beware of fraudstars in forex business
Post by: mrmoderator2011 on March 05, 2011, 08:31:48 PM
Forex should be taken seriously as a business. It takes time and live experience to learn the art but your success starts from a good broker.

Fortunately,there is a good forex broker that caters for all. Instaforex is very reliable.

They also offer a 30 percent deposit bonus for all client deposits.  Claim yours now at www. instabonus. com
Title: Re: beware of fraudstars in forex business
Post by: Sleekfella on March 13, 2011, 08:58:50 AM
please i would like to know if anyone is making a living at of forex. 
Title: Re: beware of fraudstars in forex business
Post by: fxswis_trading on March 27, 2011, 01:14:46 AM
 Hello House Mr name is Mr felix   I work With fx_instaforex I want to use This Opportunity To Inform You about The specail 30% Bonus offer  From Our Services.  During 2010 for example, over 22,000 traders took benefit from this generous bonus.   In 2011 and with the release of this new website, we have decided to make this 30% more like a tradition by making it a static, unique and of course unbeatable offer for all our traders.        *  For deposits above $10 and less than $200, the awarded bonus     * For deposits above $200 and less than $1000, the awarded bonus     * For deposits above $1000 and less than $5000, the awarded bonus     * For deposits above $5000, the awarded bonus          * this is your time to work at home and make good amount of money everyday.   visit us on www. fxswis. com
Title: Re: beware of fraudstars in forex business
Post by: swiftecurrency on March 28, 2011, 02:40:33 PM
The best bet is to learn the ropes in forex yourself and never give your money to anyone to trade for you.
Title: Re: beware of fraudstars in forex business
Post by: nwcfinance on April 04, 2011, 12:52:24 PM
Yes OOOOOOoooooooooooooo. 

I trade as well but the news and am impress with what have achieved with that. 

Learn to trade don't give money out. 

I can teach you how to trade the news within a week and start earning money. 

If you are interested text me your email to 08060951115

Post Merge: April 14, 2011, 06:26:53 AM
A lot of people come into FOREX for the money first before the interest and that is wrong.

Interest first then the money will follow.

Take the footballers as an example.
Title: Re: beware of fraudstars in forex business
Post by: IKOFX on July 27, 2011, 03:43:27 PM
As the old saying goes "its better to be safe than sorry".  We should be cautious before jumping into anything especially investing anything. . . practically wise.

Forex Trading
Title: Re: beware of fraudstars in forex business: Do it Yourself
Post by: Sporchi on August 05, 2011, 08:25:19 AM
I have been in this business and trading constantly since 2006 when forex was just becoming popular in Nigeria.   I have read so many of the posts in this thread since it started and i just decided to keep quiet.   There are so many experiences i m seeing from people who post in this thread, So many people have been hurt trading forex because they lost money.  some due to their greed, ignorance, fear or sheer laziness.   from whatever angle you are viewing this, you are doing this business in order to make money, period! So act in your own best interest, So many people condemn things which is meant to help your trading like indicators, EAs, trading styles e.  t.  c.   from others because they suffered a tragic loss of their money which is their own fault and they are looking for someone or something to blame for their misfortune so they turn a blind eye to the whole package they were using.   Please,  if you still blame someone or something for your trading results, It is either you change or you have no business doing this business cos you will never make it, (it is not a curse).   The market is multifaceted and several factors contribute to change in prices  so don't expect something palatable all the time.   It is you who have to look into yourself and make necessary adjustments. 
RESULT IS ALL THAT MATTERS, DO IT THE WAY IT IS SUPPOSED TO BE DONE ;)

Post Merge: August 05, 2011, 03:30:20 AM
My company DAYLIS CONSULTING is giving out our own personally encoded trading EA MoneySpinnerV2 on this thread.  We ran this software for 2 good years with a few modifications in the programming and the results have simply shown this software is definitely as intelligent as the coders, Below is the EA's latest trading results, You can try it on your DEMO account first and lets see who is right
Feel free to contact Daylis consulting on 017418223 or mail daylisgroup@live. com for more information ;)
Title: Re: beware of fraudstars in forex business
Post by: IKOFX on August 06, 2011, 03:31:21 AM
Hi Sporchi,

Thanks for your honest advice, you words tells that you are a veteran trader with tons of experience. . .  yes indeed that one should take responsibility on their own action. .  and see each results as a good lesson instead of just favoring the winning and condemning the losing which this will stop a person from learning what they should learn.  One of the famous Author i met lately told me, trading has to be fun! Don't trade you aren't happy as this will stop you from learning. . .  he told his students to be positive all the time. . .  do not fall in love with any pairs . . .  and not blame when losing. . .  do not let anything that will blind folded one from making the right decision in trading. .  Well, difference words and presentation method but same meaning. . .  seems like majority of veteran traders have nearly the same mindset when it comes to trading. 

Thanks for sharing guys. . . . . 
Title: Re: beware of fraudstars in forex business
Post by: fxmagic on August 15, 2011, 12:00:55 PM
Good advice. If you want to employed forex manager to manage your money,please do a diligent research on the credibility of such company and only test their service with small capital. But nothing can be compare with knowledge,acquired it for your benefit. If you have time to trade you can get a trading material like indicator or trading system with proof of profitability. If you have just little time to trade,you can use EA that can trade for you and you will just need to ensure that you get one with proof of making profit. Always check the proof of performance before you do any of what i have listed above.

If you are interested in getting a tested indicator or EA,i mean the one i am using just check the link: hxxp: www. mt4i. com/users/x-profitea2

For details:fx. magic@yahoo. com
Title: Re: beware of fraudstars in forex business
Post by: IKOFX on September 06, 2011, 07:55:07 AM
Quote from: Sporchi link=topic=57167.  msg399164#msg399164 date=1312529119
I have been in this business and trading constantly since 2006 when forex was just becoming popular in Nigeria.     I have read so many of the posts in this thread since it started and i just decided to keep quiet.     There are so many experiences i m seeing from people who post in this thread, So many people have been hurt trading forex because they lost money.    some due to their greed, ignorance, fear or sheer laziness.     from whatever angle you are viewing this, you are doing this business in order to make money, period! So act in your own best interest, So many people condemn things which is meant to help your trading like indicators, EAs, trading styles e.    t.    c.     from others because they suffered a tragic loss of their money which is their own fault and they are looking for someone or something to blame for their misfortune so they turn a blind eye to the whole package they were using.     Please,  if you still blame someone or something for your trading results, It is either you change or you have no business doing this business cos you will never make it, (it is not a curse).     The market is multifaceted and several factors contribute to change in prices  so don't expect something palatable all the time.     It is you who have to look into yourself and make necessary adjustments.    
RESULT IS ALL THAT MATTERS, DO IT THE WAY IT IS SUPPOSED TO BE DONE ;)

Post Merge: August 05, 2011, 03:30:20 AM
My company DAYLIS CONSULTING is giving out our own personally encoded trading EA MoneySpinnerV2 on this thread.    We ran this software for 2 good years with a few modifications in the programming and the results have simply shown this software is definitely as intelligent as the coders, Below is the EA's latest trading results, You can try it on your DEMO account first and lets see who is right
Feel free to contact Daylis consulting on 017418223 or mail daylisgroup@live.   com for more information ;)

Yes, I believe that the one that are responsible for their actions and decisions are themselves.   We are here in this business to gain profits so it is better to be equipped with the right knowledge, tools and attitudes as this can help in your progress towards trading.   Don't get greedy for this can lead you to failure and loose money.   Always have discipline and patience in trading and always be alert. 

We just launched a very interesting competition called IKOFX DEMO BLAST;  this continuous contest will pick the best 5 trader whom gain profit / highest equity in their demo account will won prize as much as $1000 into their separated live account! So who doesn't like the idea of earning money with $0 capital & 0% risk?.  .  .   Please feel free to come and visit:
hxxp: ikofx.  com/en/IKO_demo_blast.  php

forex broker
Title: Re: beware of fraudstars in forex business
Post by: Floprolific on January 19, 2012, 04:30:35 AM
Tanks4d advice. I wil learn it mysef
Title: Re: beware of fraudstars in forex business
Post by: jamace on March 03, 2012, 07:35:25 PM
Yes, the biz is risky and not meant for those without patience, Take time to learn it yourself.
Title: Re: beware of fraudstars in forex business
Post by: Sylva247 on March 05, 2012, 08:02:07 PM
I like all the suggestions and contributions everyone has made thus far.
I am a full time forex trader and has no other job than to trade forex on daily basis.
I have learned and saw a lot for over 2 years now.
I think the major problem of some people  is the inability to learn and or laziness. 

Even popular Carlos Helu, Bill Gate,  learned and develope a strategy to make it in life.
Forex also requires you to learn and develope your own trading skills.

I would advise you also to stay clear from fx robot no matter how it was programmed.
They are not better than your brain, I mean human brain.
If you would like it, I wouldn't mind to show you how you can develope your own trading system that will even give you more pips than the so call EA Robot.   

I learned forex from babypips. com and develope my own winning strategy.

Why should you chose to give your hard earned money to someone whose sugar in his mouth is even bitter than bitter leaf. 
They promise 100% return in one month and you turn out to become  the losser.  I am talking about money managers my foot!
I am sorry if I offended any one.  Gushhhhh. 

As regard to brokers, some are fake.  They promise to give you that if you deposit this.  Huh! Be careful.

On your own, Find out if they are registered with any regulatory bodies.  Ke.

Well, if you want to get a concised forex ebook, you can send an email to stbulksms@gmail. com.

"It is easy to grab the pips if you trade on your own".
My candid suggestion sir.
Title: Re: beware of fraudstars in forex business
Post by: profiteer87 on March 12, 2012, 10:37:55 AM
As a professional Forex Trader for over 5years, I have always warned people that U are the best account manager u can ever have, why on earth would u give sumone your money to trade with for u, when u can simply gather money and buy a very good trading system, improve on ur money management skills, dont have the mind of turning ur $1000 to $5000 within 2days, respect fundamentals and you'll surely be an everyday winner.  In FX, losses are bound to occur, but if u av trading system that can make u win on an @least 90%  level, u'll forever luv FX.  I am a living testimony.  I use a very powerful Trading System that is 97% accurate, I make sure that am not greedy with lot size picking, I respect fundamentals, and believe me u, I'm luving FX foreva.  DONT GIVE ANYBODY UR MONEY TO MANAGE.  DO IT URSEF, AND U'LL ALWAYS LUV URSELF FOR THAT.
Title: Re: beware of fraudstars in forex business
Post by: martjnb on April 26, 2012, 09:18:00 AM
Forex trading is really risky specially that huge money is involved.  I pity people who do these kinds of frauds.  I hope this will not happen to me and I am lucky that my broker hxxp: instaforex. com gives enough security within its own services.

You will not need an account manager to trade in InstaForex.  You will be your own manager in very simple and few clicks.  Their Client Cabinet plus PAMM System and InstaWallet let you see how are you doing with trading and never lets any amount to slip out of your hand.
Title: Re: beware of fraudstars in forex business
Post by: realsbd on May 09, 2012, 05:15:12 PM
Quote from: legsceo link=topic=57167. msg293020#msg293020 date=1270808949
The problem is basically the mentality of our people.   People want to make money but are not prepared to do what it takes to get to the promised land. 

I have been in forex for four years now, and it took me a good while to get a grip of the market.   Even now, we get occasional surprises.   I always advise against giving money to anyone to trade for you.   It's better to learn the trade and do it yourself. 
i will say the problem we are having in nigeria is we all want to make money but we are never ready to face the consequences of this money making machine.  there is no business without a risk so people don't want to know that forex is the only business with the highest risk, they just jump into it and started blaming it on the system or the market while the blame is suppose to go to them
Title: Re: beware of fraudstars in forex business
Post by: 4exstore on June 10, 2012, 09:09:31 PM
All well said. Beautiful comments. The reality is that Forex is real. However,not for every Peter and James. You need to first discover if forex is ok for you. The best and easy way to make a living. Forex has weapon of leverage. Bigger than every buffet and bill gate.

HOWEVER,WHATEVER THE MIND CAN CONCEIVED,IT CAN BE ACHIEVED
Title: Re: beware of fraudstars in forex business
Post by: flourishfx on July 09, 2012, 09:36:30 AM

personally i believe in do it yourself .     was tutored once &since then its been rewarding 'never giv ur hard earned money to any one,you can do it yourself .     just get trained.     gbam
   
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Post Merge: July 09, 2012, 09:39:33 AM


Post Merge: July 09, 2012, 09:41:17 AM


Post Merge: July 09, 2012, 09:43:09 AM


Post Merge: July 09, 2012, 12:07:34 PM
Title: Re: beware of fraudstars in forex business
Post by: cooltrycia on August 22, 2012, 08:08:58 AM
Forex is already risky, this scammers make it worse! If someone promises to make you rich, ask him why he isn't dining with bill gates or dangote if he knows the secret to wealth. 
I say to them, make yourself rich first. 

Post Merge: August 22, 2012, 08:19:28 AM
The market is already risky, these scammers make it worse.  Why dont they manage their own funds and make millions for themselves? Anyways thanks a lot @poster.  I will always stick to my team,they are the best! Forex-metal  . com
Title: Re: beware of fraudstars in forex business
Post by: 4exstore on August 22, 2012, 09:16:30 AM
ok. all well said. what are the real way to avoid the scammers in Forex?Because,for sure,we should all agree that there is a lot of money to be made from the Forex platform when you are a--- with the technicalities. thank  u.
Title: Re: beware of fraudstars in forex business
Post by: greydays on September 05, 2012, 11:07:01 PM
There are no shortcuts to success, so giving your money to people who promise heaven and earth in profits make no sense.  You surely are on your way to loosing all your savings.  Solution? Do your due diligence on forex trading as a whole, get a good broker, practice for a couple of months with 100 dollar that they give to you on sign up and after a while when you have mastered the trend to an extent invest.  Trade yourself, be patient, disciplined and always learn everyday, join forums too.  This will help you excel.
Title: Re: beware of fraudstars in forex business
Post by: stvids on September 22, 2012, 02:33:24 PM
There re many reliable and good forex managers, you have to make your enquiry very well before you give your money to some one to manage for you.  incase of any confusion and guide about forex trading contact.


E-MAIL: fxtrader36@yahoo. com

HELP-LINE:
08127196197
visit:fxtraderonline. gnbo. com. ng


Online reference:hxxp: www. 123nigeria. com/ad/67065/

 
Title: Re: beware of fraudstars in forex business
Post by: josephil on September 29, 2012, 06:53:14 PM
Hello Everyone, Forex trading is by far the surest and also the hardest business to venture in.  Though the gurus claim to know the secret to how you can make thousands of dollar with their robots or indicators, but the hidden truth is this - to make money with Forex you have to be versed in it.   

forex trading is not just by trading blindly with indicators but your ability to understand market conditions either through technical means or fundamental means. 

Am assuring you that you can make it big in Forex trading, when i mean big i believe that making just 40 $ daily is Ok to keep body and souls together. 

so my contribution to this community is as follows :

Education

BabyPips.  com is an online forex trading school that offers free foreign exchange (fx) trading training to beginners.   Learn currency trading the easy way. 

ForexFactory.  com provides information to professional forex traders; lightning-fast Forex news; bottomless forex forum; famously-reliable forex calendar. 




Bye for now. 

Title: Re: beware of fraudstars in forex business
Post by: ogozi on September 30, 2012, 12:10:52 AM
Always research thoroughly to know everything about account managers and ascertain their credibility before giving your money to anyone.  A friend of mine lost his investment of $1,000 to a fake broker and many gullible people will keep losing money like this.  I have traded forex successfully in the past four years, Forex-metal. com have been and will always be my broker as they are very reliable and are the only brokers that are totally committed to helping Nigerians succeed in foreign exchange and crude oil trading.
Title: Re: beware of fraudstars in forex business
Post by: fxapex on August 22, 2013, 05:48:03 PM
gather as much information as you could from forums and other sources about the broker you are going to invest in and keep on learning. . . .
Title: Re: beware of fraudstars in forex business
Post by: agus-sutitis on November 06, 2013, 05:32:12 PM
Quote from: ogozi link=topic=57167. msg481524#msg481524 date=1348960252
Always research thoroughly to know everything about account managers and ascertain their credibility before giving your money to anyone.   A friend of mine lost his investment of $1,000 to a fake broker and many gullible people will keep losing money like this.   I have traded forex successfully in the past four years, Forex-metal.  com have been and will always be my broker as they are very reliable and are the only brokers that are totally committed to helping Nigerians succeed in foreign exchange and crude oil trading.

Really sorry to heard that, I think that they have investing their money in local broker. .
Forexmetal is not bad, but Liteforex is more best choice  i think. . . . .
Liteforex never Against US to gain the profit there.  They always honest to done this job, indeed it makes them more famous and Favorited broker in asia. . .

Title: Re: beware of fraudstars in forex business
Post by: orni308 on November 15, 2013, 03:23:50 PM
liteforex is good i ve an account with them and never had any issues, but one should choose broker according to his preferences
Title: Re: beware of fraudstars in forex business
Post by: dandang on December 23, 2013, 05:46:01 PM
Quote from: 419 Scam link=topic=57167. msg373286#msg373286 date=1301319633
The best bet is to learn the ropes in forex yourself and never give your money to anyone to trade for you.

pretty good idea sir. . .
Forex is our friends if we know where the market will going on. .

Thanks GOD, tonight I got some dollar and closed in profit
Title: Re: beware of fraudstars in forex business
Post by: orni308 on April 11, 2014, 05:44:36 PM
there are fraud brokers, you can read reviews about brokers and decide for investment , my friend suggested me to go with liteforex and till now i ve got no issues, consult someone you know who is already trading in forex. 
Title: Re: beware of fraudstars in forex business
Post by: vic84 on June 08, 2014, 07:52:07 AM
Quote from: dandang link=topic=57167. msg688920#msg688920 date=1387817161
Quote from: 419 Scam link=topic=57167.  msg373286#msg373286 date=1301319633
The best bet is to learn the ropes in forex yourself and never give your money to anyone to trade for you. 

pretty good idea sir.  .  . 
Forex is our friends if we know where the market will going on.  . 

Thanks GOD, tonight I got some dollar and closed in profit


yes sometimes even the regulated broker do fraud, so its better to read reviews and open an account .
Title: Re: beware of fraudstars in forex business
Post by: keishafa on August 11, 2014, 01:12:52 PM
Quote from: vic84 link=topic=57167. msg715112#msg715112 date=1402210327
Quote from: dandang link=topic=57167.  msg688920#msg688920 date=1387817161
Quote from: 419 Scam link=topic=57167.   msg373286#msg373286 date=1301319633
The best bet is to learn the ropes in forex yourself and never give your money to anyone to trade for you.   

pretty good idea sir.   .   .   
Forex is our friends if we know where the market will going on.   .   

Thanks GOD, tonight I got some dollar and closed in profit


yes sometimes even the regulated broker do fraud, so its better to read reviews and open an account .

Right, we can try use review from other traders to know about a broker.  Is it right broker or not.   Seeing how quickly they respond to our questions could be key in how they will respond to their customers needs.  Good broker will make us feel comfort when trading.
Title: Re: beware of fraudstars in forex business
Post by: samuel_p80 on October 22, 2014, 03:39:48 PM
Yeah, knowing from other trader is pretty important and it can be use for our references.
But, i recommended to trade in liteforex.  Why?.  I've been trading there since 6 years more and I never got problem with all financial processs there. . .
Title: Re: beware of fraudstars in forex business
Post by: Osamba on May 24, 2015, 07:15:01 AM
Quote from: samuel_p80 link=topic=57167. msg729081#msg729081 date=1413988788
Yeah, knowing from other trader is pretty important and it can be use for our references. 
But, i recommended to trade in liteforex.   Why?.   I've been trading there since 6 years more and I never got problem with all financial processs there.  .  .

Can you give some more details, please? What type of account do yu like best with Liteforex?
Title: Re: beware of fraudstars in forex business
Post by: orni308 on August 07, 2015, 06:56:07 PM
Quote from: samuel_p80 link=topic=57167. msg729081#msg729081 date=1413988788
Yeah, knowing from other trader is pretty important and it can be use for our references. 
But, i recommended to trade in liteforex.   Why?.   I've been trading there since 6 years more and I never got problem with all financial processs there.  .  .

Yes liteforex is a reliable broker, you can also take recommendation from traders who are already trading with broker you wish to open account with.
Title: Re: beware of fraudstars in forex business
Post by: Osamba on October 01, 2015, 05:10:01 AM
Quote from: orni308 link=topic=57167. msg776544#msg776544 date=1438970167
Quote from: samuel_p80 link=topic=57167.  msg729081#msg729081 date=1413988788
Yeah, knowing from other trader is pretty important and it can be use for our references.   
But, i recommended to trade in liteforex.    Why?.    I've been trading there since 6 years more and I never got problem with all financial processs there.   .   . 

Yes liteforex is a reliable broker, you can also take recommendation from traders who are already trading with broker you wish to open account with.

Well, there are lots of scams on the marker, where I can get such recommendations? Does liteforex has any awards on exebitions?
Title: Re: beware of fraudstars in forex business
Post by: Terry Pumpkin on February 08, 2016, 03:40:06 AM
It is obvious that Forex market is growing in big way, so that obviously means the scam and such activities are on increase or to say it?s all time high won?t be wrong.  Keeping all that aside, I believe the best way to go is to figure out regulated plus ECN, as this is the right combination and then we must test it with whatever options available.  I trade with OctaFX, it is regulated plus ECN (award winning one), hence I am completely satisfied and for try up they have many demo contests available to participate on.
Title: Re: beware of fraudstars in forex business
Post by: Grahamaus on November 08, 2016, 07:37:24 AM
Try to avoid trading with Exness broker. That company lost a lot of clients not so far ago because of changing the margin requirements.
Title: Re: beware of fraudstars in forex business
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Title: Re: beware of fraudstars in forex business
Post by: Batim on February 08, 2017, 08:53:24 PM
Did anybody take part  in liteforex bring a friend program?
Title: Re: beware of fraudstars in forex business
Post by: kerstin25 on November 08, 2017, 05:37:09 AM
Bogus brokers are all over the internet! The last thing you want to happen is to end up with one, so make sure you do some research first.  If you are a beginner at Forex, I suggest you trade with a reputable broker like Alpari: https://alpari. com/en/beginner/.  I started with them through a recommendation of a friend, and I never regret that I did. 
Title: Re: beware of fraudstars in forex business
Post by: Chris Woakes on January 19, 2019, 10:49:53 AM
It is absolutely vital for one to be careful with trading, especially to do with not trusting any broker blindly.  I did that with joining Instaforex, but later paid the price for it too, so don?t make such errors.  If you do then you end up losing badly.