Forex Noobs Scam

Felix Latest Scenario

2008-11-24T05:33:00.000-08:00

Are you from those movie admirers? If you are, so when was the last time you went to cinema? Don't be worry, the last movie has finally came. But there is a surprise here, you haven't to go to the cinema and reserve a ticket! because it will come to you wherever you are! Can you believe this? You can open your mail now and see.

The movie scenario will be sent to you and here you are the movie cast:

Location: FPA website
The author: Felix
The criminal: Felix
The victim: You
The director: Felix

And here you are the scenario as it is sent by Felix (the movie creator):

"This is Felix writing. I am a full time forex investor and the founder of Forex Peace Army. I have something very important to share with you that can either MAKE OR BREAK your forex learning and your forex trading success.

Running ForexPeaceArmy.com website for the last few years has been a very interesting experience, because it has made me realize all the corruption that's going on in the forex world.

It's by far the most corrupt industry I ever encountered. I can't even tell you how many times I have seen brokers, big and small, refusing to release profits to traders, or outright stealing their money by registering fake losing trades on their account.

There are also have been many occasions of forex signals companies reporting fake performance.

There are companies who sell forex software that doesn't work, and they know it, so every few months when the word gets around, they repackage it and change the label of that software, and continue selling it, as if it's something new.

Forex Peace Army has a very large membership base, and we get lucrative offers from companies large and small all the time, offering us 50% of the profit in their business and more, just so that we could recommend them.

It would be very easy money for me to send you such offers every few weeks. Let these companies do the work, and I can collect the hassle free check from them. I refuse to do it, because I have a very critical mind, and lots of forex experience, so I see right through all the bullshit that these companies try to offer.

Some of them are even ranked 4 or 5 stars by Forex Peace Army members, but I find that many people leaving reviews are very naive, because they don't judge the company by the amount of money they made with their product. Instead, they judge them by the charisma of their educator.

Over the last few years, I personally started several "forex education" services. I even ran one of them myself. The common trait between all the services I started was that the educator was giving live trades to people, and he was explaining the reason for his trades. This way the performance of the educator was pure and legitimate, and people could learn by example instead of by some bullshit forex theories. In addition to that, the people could make money by copying the educator's trades, while they learned the ropes.

To be quite honest with you, there has always been a problem offering such services to people. The problem was that the educators running these services, including myself, were full time traders, and had the luxury of watching the market around the clock, anytime they wished. But the people that were signing up for the services had other jobs, and had lots of trouble finding time to follow the educator consistently.

In August 2008, something very interesting happened. I was talking to a friend of mine, who like me, has been trading forex for a very long time, and who mostly has been making his trading decisions based on economic news that come out from different countries. We were just talking, and I casually was asking him how much money he has been making, how much time he has been spending, what his average winner and loser have been. So he started giving me all of his statistics, and to be quite honest, I thought that he was bullshitting me.

Since we were friends, I told him that I think he is full of shit, and I don't believe his statistics. So he felt offended, and gave me login and password to his live account. I looked at his real account statements, and realized that the guy was telling the truth. I wasn't impressed with the guy's account size, it was a little over $100,000, and most successful traders and investors that I know manage millions. But the point was that his trading statistics, in terms of the results for the amount of time he was spending trading were the best I've ever seen. They were much better than my own.

So I told the guy that we can really capitalize on his amazing trading skills, and he can very quickly build up his trading account by sharing his trades with other people, and teaching them the way he trades. He agreed to give it a shot, and I let him issue his trades and explanations in one of my live online conference room in front of around 50 people. What can I say...over the last two months, the room attendance increased from 50 to 100 people, simply because people started telling their friends about this guy.

This guy started sharing his live trades and education in front of people since September 3, 2008, and through November 12th, 2008, he is currently up 2164 pips. But that's not the best part. The best part is that he only trades from 2:00 am to 3:45 am New York Time, and then from 06:00 am to 07:45 am New York Time. 70% of his trades happen between 2:00 am to 3:45 am NY Time, and the other 30% happen from 06:00 am to 07:45 am NY Time. So it's only 1 hour and 45 minutes per session.

And like I said, this is not just another black box signals service. Every time the guy places a trade, it's mostly based on market sentiment, and economic situation of the countries. So every time a trade is placed, an explanation is given. This way you only place trades if they make sense to you, and you learn to do what he does. He holds nothing back, so you can go ahead, and learn the ropes from him, and then do the same thing on your own.

He types in the online conference room every trade, and every explanation, and we keep records of that in the members area, so if you ever miss a trading session, you can go back, and check what happened.

As I like to say, money talks, bullshit walks. So I am not going to "pump you up" to try or to buy this service. All you have to do is see detailed performance of this guy, and "pump yourself up" if you wish. I am going to give you a link to the performance, and you will see that there is an offer to try this service for $29 for 10 days. Don't click those trial buttons, because since you are a Forex Peace Army member, I wanted to let you try the service for 10 days for only $7, instead of $29. And if you like it, you can stay for $299/month after your trial. If you don't like it, you can even ask for your $7 back. Obviously I am not interested in your $7, as much as I am interested that you see for yourself that everything I told you in this email is true, and you can become a member of this service for $299/month.

So here is the performance link:
http://clicks.aweber.com/y/ct/?l=4vVdO&m=1eWJRRpQH_6wi9&b=rKXZBZwTyu4LE7P5vK5h4g

As you read through the website, you will notice that we keep this trader's identity secret. We just call him "Mr. X". There are important reasons for this, but I don't think it's important for me to tell you those reasons.

Also, some of the people who have been trading with Mr. X over the last 2 months have submitted reviews. So if you wish to get their perspective on the situation, you can read them here: http://clicks.aweber.com/y/ct/?l=4vVdO&m=1eWJRRpQH_6wi9&b=tho.u7LEabBAhqXz940IlA

Okay, I think I have told you everything I wanted to say in this email. The only thing left is a $7 special trial link. DO NOT CLICK ON THIS LINK just yet. Let me first tell you the way it's set up. I only want Forex Peace Army members to sign up for this discounted trial. So, this link will expire this Friday, November 14th at 11:00 pm NY Time. In addition to this, this link is programmed in such way that as soon as you click on it, you will have 30 MINUTES TO SIGN UP. After 30 minutes, the link will expire, and you won't be able to access it through your computer again.

So make sure that if you want the $7 trial, you are ready to pay with your credit card within 30 minutes. Please also note that the way the trial is setup, is that after 10 days, if you don't cancel it, you will start getting billed $299/month automatically. So if you don't like the service within 10 days, make sure to contact us through the form on fxnewswiz.com, and request cancellation of your membership.

If you wish to receive your $7 back, you can also mention it in your request. Of course, if somehow you forget, and you are late a few days to cancel the trial, so you get billed $299, we will refund you that fee. My intention is not to get money from accidental forgetting here. My intention is to find people that can trade during these times, so that they become legitimate members who actually use the service.

Okay, that's all I have to say about that...here is the $7 trial (it will expire in 30 minutes after you click on it, read above)"

Woow..woow...woow, it is so impressive. Did you see how it is written in an impressive way? What A wonderful Forex Community! Is there any doubt about it?

For Sure after reading that mail, all of us have to remember the old movies and notice the new scenes and affections that Felix has added in his long movie that will end with a big SCAM! 30 minutes and this post will make a BOMB. SO be careful while reading to avoid BOMBING there.

In commenting on this scenario, you can categorize this story under a fairy tale or a science fiction story where there are a lot of non- logical events and it is very far from reality. After reading this mail well, how you can believe that Felix got the login and password of a live account of a friend of him. Even if he was his friend, how this friendship can reach the limit of denying personal rights to the extent that he gave him the login and password of his own live account, and for what?

For Felix not believing him. A worse action for a worse cause! And imagine what? After Felix getting amazed of his friend statistics, he helped him to become instructor and famous too! And all what Felix wants is the benefit of all people that he makes them offer (you can think it is free) to try the service of his friend (which was Felix's idea) for $7 and get them back if you didn't like it! And besides, if you don't request them in your mail (and he used the term "if you wish" which is so ironic, and we all know that the expression "wish" indicates the two possibilities) of ending your membership in the service, they will start bail you of $299 automatically!! So, people please, please don't forget mentioning your $7 please, instead you will lose them forever and will be obliged to pay the double of 5 times double of them.

But what about you? will you accept the role of victim or will you leave this role in this new movie and lose the chance to become a movie star and may be taking the Oscar too for playing the role of the fool who is fooled by the biggest criminal mind in the web! I think when issues come to money, you have to think more than twice.

Learn how To Scam In FPA Scam Academy

2008-11-24T05:14:00.000-08:00

Felix, even Money Forex becomes a SCAM. What a pity! Felix has been thought of as having the Oedipus complex but applied to Forex brokers. For he desires to kill all brokers for his desire for the market to be his own without any other partner, like Oedipus who killed his father to have his mother only for himself !

There in FPA's created committee, for making scam cases, Felix has created another story in his series concerned with Money Forex broker. FPA scam investigations committee has supported a story against Money Forex, claiming that a member of FPA called Edforex has been scammed by Money Forex. But again another fake name for an imaginable character and may be, a cartoon one. 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 violated 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 savior 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. We recommend against opening any new accounts with them."

In reviewing FPA review about Money Forex, there we found them nominating it as a SCAM, and also about 5 members reviewing it as a scam while about 3 others reviewing it as good if not among the best. Terrible!!! All the members that wrote on this thread have posted only one post!! why when I open any scam investigation in Forex Peace Army I see that?
The Normal Brain will say that 90% are fake members, just to make it hot and to show attention and attraction but in reality all of them are fake characters as Pharaoh. 100% Non of them is real trader and the proof is that if a real one posted something he or she will return again to reply it and share opinion. What a contradictory reviews full of strange claims without any single evidence like that of Edforex. Claiming that something bad is so simple, but to prove it isn't that easy. And because FPA don't have the proofs or documents to prove their sayings, it is hard to gather supporters around them, and so they make the posts by themselves to make it seem as they wish.

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.

It's very popular between all forex traders that they are reviewing the charts between more than on Forex Broker and downloading more than platform to see the differences in the charts. Always for me and others we find that the difference is between 4 to 10 pips only and that is because the differences in the spreads between brokers.

Actually I don't know why Robert Grespi (Rob Grespi) is trying to kill trading principles. I think these days are not sufficient for such Idiots from FPA and it's servants. The market is full of gaps and unbelievable volume of losses in online forex trading.

The idiot is then saying "I guess it couldn't hurt to ask" without any kind of respect, without any kind of appreciating, without any kind of understanding and without ethical style of writing.

I hope that this Robert learn how to talk about "MetaQuotes", also I think that Robert made millions of Pips from using Meta Trader 4 as he said before and as Felix Homogratus saying in wpips.com ;)

MoneyForex, Poltekfx, Saxo Bank, FXCM, FxPro, ForexGen, Interbankfx, AC-Markets,......etc are online brokerage firms and that is right. Did any of them persuade traders to fund or to open an account? I think No and for sure No. All of them are online and have websites, Bank Accounts and a platform and the trader has the freedom of opinion to choose one of them.

Read the Terms Of Services OR the Trading Agreement before searching about this broker in NFA OR FSA. NON of them will return for you the money in the SCAM Case.

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.

Felix Homogratus, Pharaoh, Robert Grespi, Dmitri Chavkerov, Damir, Tahir, Codezilla, craigmalm, Rashid, DesertRabbit and thousands of names, all of them should have a brand called "SCAMPEDIA" "Made In FPA".

We are investigating now with poltekfx and ForexGen to see what is the secret of this rumors that ForexPeaceArmy made to them.

Want A Disaster? Call FPA!!

2008-11-24T04:59:00.000-08:00

Experiencing Forex trading is not easy to consider yourself that pro in a short time. And to have a good knowledge of the market and its components, you deserve to have a long time of experience to be fully aware of what may affect he market. And above all, it is important to be aware in cases like Forex brokers reviews, like those in Forex Peace Army. To know what to believe and what not to believe.

Among FPA scam cases, there is that story of Sigma Forex broker. First, the story starts with Felix claiming that SigmaForex and ForexGen are the both under different name. Then, he gradually runs to the stage that SigmaForex is linked to ForexGen. And at last, the story is concluded, as usual, with a scam case of stealing one of their client's money.

And here you are the story in brief,

FPA scam investigations committee has received a complaint from someone called, Hossam Park. He was a client at Sigma Forex who opened an account with $2500 and after making profits, Sigma Forex refused to withdraw his money, and suspended his account and, moreover "ceased communicating with him". The reason FPA mentioned why Sigma Forex has suspended Hossam's account was that "they changed their margin requirements on September 19th and that the trades were closed due to these new requirements. They said “our aim was to protect our account holders from any danger that may affect their investments.”

The only comment should be written here is 'No Comment'. How a broker could change part of its policy and close all the trades without any concern of the traders or any alert for them. How can a broker ignore its clients easily and damage its business in this simple way. And what is really amazing here is that Sigma Forex could close Hossam's positions at the same price he got profits but this time he was losing. Oh, the luck was really so close to the broker that in two days they could make their client's profit turn into loss at the same price, meaning as if he didn't make profits at all.

Then, FPA ended the case or the story with a happy end this time. Seems like the director, Felix, wishes to make a happy ending movie this time, getting bored of all black ends done before. At last, Sigma Forex returns Hossam's money back and they are healed by FPA committee. Impossible as it is, isn't it? For the first time some one claimed to be scam becomes pure at the end!

This is significant in itself. First, FPA tried to show that a certain broker is a scam and published its case and let it under investigation. Then, after spotting light on it, they absolved it from being scam. A clear direct propaganda for themselves and it is clear in the comments made there, all members made the comments are praising FPA and Felix. They are trying to prove that they are the eyes and hands of justice, that whenever the opposite of something is proved they will admit it if it is against their will. Innocent as they are! But in the side scene, their dark ethics are glowing.

With Felix, Your Money Is Gone With The Wind

2008-11-24T04:38:00.000-08:00

Continuing the series of Felix projects on the web, there is another website added to Felix's catalog. It is not announced there that it is owned by him(though it is the biggest aspect of scam), but it can be read between lines. This website known as Spartan Forex Fund, http://www.spartanforexfund.com/.

Felix main intention behind building this website was to gather more wealth. Spartan Forex Fund activity is to make clients open accounts and take regular profit of 16% on their account balance. This is too much similar to a bank account, in which clients put their deposit and take regular profits from it. It can be considered as private investment, but Felix knew well how to handle his business for his advantage.

Now if you visit this url http://www.spartanforexfund.com/ you will find it closed. The website is close for violating privacy laws of Switzerland while they are originally located in USA! Even in times of defeat Felix knows how to keep eyes away from him. The server really locates in USA, and it is written now in the website homepage that it is appended to Switzerland.

The website activity was ended due to discovering its real immoral activity. They intend to open accounts for clients and give them a certain percentage over it. But what happens after an actual period is that they suspend their accounts and there is neither a profit nor a deposit, meaning that clients lose all their money. So after a certain period, the website ended its activity for the reason published on the homepage (or may be Felix has become sated with the money he gained).

The strange thing here is that, this Spartan Forex Fund appears to be like a financial partner, but there is no single evidence that they have a money management agreement or any partnership agreement with any broker or financial institution. So how can it be? Or how traders could trust them and put their money there?

Isn't it enough for now to know all these scam cases of Felix and his partners? What are you waiting for to happen more than that? I think nothing worse could happen than succeeding in making a mafia online disguised behind a curtain where nobody can be able even to notice their black magic effects!

Continuous SCAM Game

2008-09-09T05:27:00.000-07:00

Another trick of the professional scammer who became more famous than Ariel Sharon!

FPA scammers are always in search for every new lie to make non-stop propaganda for themselves on the behalf of others. They meet, compose their new story, then publish it and try to convince innocent traders with it, claiming that all their purpose is just to help them avoiding scams while they are themselves the biggest scams!
During our usual investigations about them, we find their latest scam release up here. But what happened?? From a little period, Forex Peace Army website was so difficult to load for a couple of days. So, Felix and his duds imagined a story and believed it. They wrote that they were under attack during those two days so that no one couldn't enter the website. And they make mean reasons behind what had happened to them, and use innocent victims as usual to be their target in their new scam case.
First, they charge PoltekFX that they were the main reason behind the attack happened to them, which is in doubt of being true, and that is why no one could not log in to the website. They claim that the attack was from Russia, but wowww… Should any attack comes from Russia be from PoltekFX?! So, G.Bush should take care then from PoltekFX. What shaken nonsense chitchat here! All what we have is just words, nothing more. They keep on saying that PoltekFX penetrates their computers with virus and so could make their website fall. And still no proofs till now.
Then, they shift to their second target in this case and start charging ForexGen with making blogs against them. But, why ForexGen and for what purpose it shall be? Then, they write: "One of these blogs had some lies about Etoro. When an Etoro representative contacted the blog author, he tried to blackmail Etoro, demanding money to remove the lies. We can't prove that this blog is one of the ones directly controlled by ForexGen, but this sort of criminal behavior would be in character for a company that regularly steals from traders." Well, still no proofs till now but babble. But what is strange here is that we find the design of Forex Peace Army, MB Trading, and Etoro is the same as if one technical designer has made these websites. You can open the three websites and see, for nothing has become strange these days.
Eventually, they find another crime to fabricate to ForexGen. They claim that ForexGen has sent thousand spam messages to FPA members, they write: "Many of the messages were attempts to register FPA WebPages with different companies, and all the companies recorded 193.90.55.25 as the IP of the computer that submitted the requests. We were not surprised to find that this IP is from Norway. ForexGen is also from Norway. This isn’t proof they did it, but we find this very suspicious." But this time their lie is inadequate. They write "ForexGen is also from Norway" and the fact is totally opposing to it. How they can make up those lies which are without proofs and wait from people to believe and take their devilish side!
FPA keeps on charging great companies with fake and illusionary cases aiming for bringing them down. But the fact is clear that they are hiding their failure with another big, filth failure. They create angelic masks hiding their devilish appearance behind them, but couldn't hide their behavior. So, what do you think the new upcoming story shall be? Longing for my sleepy story…

Scammers Till The End

2008-07-31T00:58:00.000-07:00

"What a strange world! Humans will remain attacking each others as if they are from different race."

As a continuous fact of Felix's argument about gangs and scammers, he is always in search for every new to attack and impose his evil power over it. But would this be with non-stop? Isn't it more than enough? What does he need more? What would happen more than that?

Every day we hear a new case about Felix, "someone steals $1000, 000 from some other, take care of this company it is a SCAM, please help me return my money back, etc…" And the irony of situation here is that every time there is a proof against Felix and his fake community Forex Peace Army, but little can see. But what really matters here are those Newbies who are still new to this huge community, FOREX, and who don't know but very little about the history of those bastards. How they can understand the evil intentions of Felix and his comrades? How they would know his black history? How they would know that Felix is not an American citizen as he claims, but he is Russian, and that Pharoh, his companion in FPA, is himself Robert Grepsy who aids him in many crimes at the past and who still accompanies him in his fake scam cases. And how they would know about Felix's dream of abolishing all Forex leaders to stay alone on the top, and that Forex Diamonds is one of Felix's projects to remain as competent against ALL!

Of course all of you are waiting for the new case released by Felix, The Illusionist. Felix and his FPA team have discovered, as usual, a new version that is applicable to their definition of scams. As every Managed Accounts Company, Legend Trader has its own rules and terms of services that every client must follow. Felix takes two of their rules against them. Legend Trader makes number of types of insurance as part of an agreement to manage Forex accounts. There are 2 parts to this insurance. The first was allegedly to protect Legend Trader from clients running off without paying the percentage of profits that would be considered account management fees. Another part of the insurance was an “Exotic Options Contract” that would somehow miraculously protect the account holder’s opening balance against any losses.

This is the nature of any financial corporation, each puts its rules and the client has to agree, they do not hide their rules and surprise their clients with them at the end, everything is clear from the beginning.

There in Forex Peace Army, they claim a trader's name who is supposed to send them their case, there is written:

"Bodgan tells us that account balance of $10,000 initially went up about 40%, and then lost about $7000 in less than one week. Since the initial balance was not supposed to be touched once he was 5% in profit, we find that this violated the terms of his agreement with Legend Trader. After several other unprofitable trades did even more damage to the account. Bogdan complained. At that point, Legend Trader made him their Sales Rep for Europe and promised him commissions from any new traders he brought in to compensate him while they tried to make up for the losses. We find offering someone commissions to bring new business to a company that has just proven itself to not follow basic rules to risk management to be highly suspicious. Bogdan repeatedly asked Khalid Alam Chowdhury to use the insurance policy to recover his losses. Khalid’s last offer before breaking off communications was that the insurance could recover about one-half of the losses and would take some time to exercise."

And they continue adding that:

"Soulfriend tells a very similar story. He paid the same $3500 up front, and then LegendTrader went against all normal rules of account management, lost about $7000 in one day. Then there were suddenly excuses, delays, and failure to reply about using the insurance to recover his initial investment."

And concerning their trials to solve these problems, as their claims of being Peace Angels, they write:

"Finally, our member soulfriend tells us that he finally managed to call Khalid and that Khalid hung up on him when he tried to ask about his account."

And as usual comes the tragic end and Legend Trader is dragged under Forex Peace Army BLACK LIST without any approval of those complaints or of that call which was "hung up". And as it is their mission to help those subdued traders, all what they can do is to write "We extend our deepest sympathies" and warn others from being trapped again as those devised victims. The end, of course it will be open and you who should decide how it would be.

The End…

Forex Blackmail Under The Table

2008-06-20T07:36:00.000-07:00

Blackmail under the Table

As an opposing fact to reality, there is the invisible side of human relationships. This anonymous way is only for those whose actions are mean to fear from displaying it in public. What a ridiculous fact!!

Relatively, this has been already displaying in our Forex Market as well as in our daily life. And unfortunately no body but the minority observes this.

Bastards’ Master, Felix who considers himself the Great Savior of innocent traders, doesn’t name or mention these two firms in his scam attack.

Secrets Of Forex Peace Army

2008-06-20T07:32:00.000-07:00

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

2008-06-20T07:28:00.000-07:00

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

2008-06-20T07:22:00.000-07:00

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

2008-06-20T07:04:00.000-07:00

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

2008-06-20T06:59:00.000-07:00

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

2008-06-20T06:53:00.000-07:00

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.

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.

FPA Helps FX Solutions and AVAFX

2008-06-20T06:47:00.000-07:00

Helping FX Solutions and AVAFX

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.

Tom Yeomans Scam Warning

2008-06-20T06:42:00.000-07:00

Tom Yeomans Scam Warning

Nowadays FPA (Forex Peace Army) becomes one of the most famous websites that makes reviews about brokers in Forex Market. And actually all of you must be aware of their real intuitions after reading our bogs, which are certainly formed after many investigations about them.

There has been found that FPA was making many advertises for a guy called, Tom Yeomans Fraud, for his educational site and signal provider. And here is their review about him:

Felix Homogratus, USA

“I am very excited to have found this website. Jimmy Young is supposedly Tom Yeoman’s mentor and Tom is a very profitable trader! I am going to be looking to learn from this guy, and be posting a real review later.”

What is ridiculous here is that Tom Yeomans is a big Fraudster!!! And this is actually not a surprising fact about FPA reviews, for almost all their reviews are considered as scams.

If once any one tries to search about his reviews, he will find many scam reviews about him. It seems like all Forex Market’s reviews about him are nothing but scams, except for FPA.

Coffman (Felix) and Tom Yeomans…Two Faces of the Same Coin

2008-06-20T06:29:00.000-07:00

Coffman (Felix) and Tom Yeomans…Two Faces of the Same Coin

There is an obvious fact that Felix and Tom Yeomans are two faces of the same coin exactly like EUR/USD pair. And for that it seems to be the real reason behind naming their website as www.eurusdtrader.com

And here is a link for a blog that shows Felix and Tom’s scams.

http://tradersguild.wordpress.com/2007/10/24/if-it-quacks-like-a-duck/

If it quacks like a duck…

Filed under: Forex, Scams — trader2be @ 3:32 pm

Talking about ‘potential’ scams, here is a little one fresh off the press that I received in my inbox this morning: http://www.secretforexsociety.com/fantaseaone/

Now, a few interesting things about this one:

The email was sent by ‘Felix Homogratus’, an individual who obviously uses a nickname to run his business. His real name is Dmitri Chavkerov. My gut tells me that there is something fishy about running a business under a nickname but maybe that’s just me.
‘Felix’ runs a few sites, one of those is www.forexbastards.com. According to Felix “ForexBastards was founded in January of 2006, after I literally couldn’t handle getting screwed any longer. Learning how to trade forex I went through several forex brokers, a few different trading signals providers and used multiple forex educational training services; some brilliant, some useless and some down right horrible.”. For some reason I get the feeling that his Yacht Seminar is a typical example of the types of scams his website was meant to expose.
The speakers include Felix’s partner, Rob Grespinet. According to the agenda, “If he feels like it, [Rob] will share with the participants the “inner talk” and “big boys outlook” on the forex market over the next year. Otherwise, we’ll just have to enjoy his profanity and witty humor.”. Have you ever been to a seminar where one of speakers may or may not participate depending on his mood on that day? Interesting character…
Now the piece de resistance is the other two speakers: Skip Atwater and Marty Rosenblatt. Those guys are supposedly experts in ‘Remote Viewing’. Now I have to admit that I had to look up ‘Remote Viewing’ because I had no idea what that meant. I thought that maybe it was the name of a new fancy indicator or strategy but I came to find that remove viewing (RV) is “is a protocol used in consciousness research where a viewer attempts to gather sense impressions and “knowingness”, non-sensorial information, about a target.” So basically we are talking about telepathy or clairvoyance in trading the Forex?!?! How desperate are we getting here? What’s next, opening a ‘channel’ to Jesse Livermore to ask him for tips?
The last speaker is ‘anonymous’ and I quote “He wants to keep his identity unknown before the seminar”. Come on…people using nicknames, others using clairvoyance, and this last one the enigmatic speaker who wants to remain incognito. Is it a trading seminar or a masquerade? Is there really a difference? I am starting to wonder.
As another test, let’s go back to the CFTC warnings and let’s see how many apply to this ‘invitation’:
- “Stay away from opportunities that seem too good to be true”. In Felix’s own words: “I can teach you a trading system that in my experience can easily make you into a forex millionaire in 3 years or less”. Now here note the word ‘EASILY’, ‘MILLIONAIRE’, and ‘3 YEARS’. Too good to be true? I also always like when systems promise to make you plenty of money with extremely little effort. Two beautiful examples in this invitation. First from Felix himself ” I’ll be honest with you, because of this way of trading, I am starting to become very lazy, and I am actually sleeping through a lot of the news announcements that I used to trade short term.” Next from Skip Atwater: “The technique takes 1 hour per day, 5 days per week, and it has made this guy millions”.
- “Be Sure You Get the Company’s Performance Track Record”. In Felix’s own words again “[Rob Grespinet] is a heavy weight financial giant, and most people will never be able to comprehend the level of connections this guy has. Just being in this guy’s presence is an honor”….Ok, what is HIS performance track record? Numbers please! About Skip Atwater: “he will be teaching a simple technique he has been using over the years. The technique takes 1 hour per day, 5 days per week, and it has made this guy millions.” So this guy is going to teach me how to use psychic abilities to make money in the market? Show me a trading journal here, show me a trading account statement! Quantify this guy’s trading system’s expectancy! Last but not least: “this is Felix writing, and if you know me, you should know by now that I don’t throw empty words into thin air”. Actually Felix I don’t know you, at all! Actually it’s only by googling ‘Felix Homogratus’ that I was able to find your real name. Maybe you’ve made millions but for all I know none of it was made through trading, maybe you have made all this money scamming retail traders.

Ok, I have already wasted enough time analyzing this email. My only point is that there are plenty of emails like this one finding their way in my inbox every single day, making incredible promises, telling me that there is a system out there that could make me millions by just working one hour a day, and to be honest I not only don’t believe any of them but I have to come to find them insulting. As individuals who are entering the retail trading world, this is what we are exposed to. We have to be vigilant, extremely vigilant.

5 Comments »

Hey great post, I think Felix is a scammer too!

I sometimes test Forex services and I tried Felix’s service. They claim to have a 1 pip spread on GBP/JPY and they go for profits of 5 pips. Most people have a 6+ pip spread on the pair so when he claims 5 pips profit to people with a real spread its -5 pips!!
STAY AWAY

I made a YouTube video of me posting a negative comment about one of his services and how it never made it onto his review section. Check it out:

http://www.youtube.com/watch?v=XWmyYDJn5P0

Also I am going to link to my review section (hope thats ok??) it is non-biased and I do not manipulate results:

http://www.forex4noobs.com/product_reviews.php

FELIX IS A SCAM!

Comment by Nick b — November 28, 2007 @ 2:42 am

Felix or Dmitri Chavkerov is a scammer

check out latest news of Dmitri and his girlfriends arrest by ICE.

http://www.chicagotribune.com/services/newspaper/printedition/saturday/chi-immig_satdec08,0,7556610.story?coll=chi_home_class

Comment by felix is a scammer — December 9, 2007 @ 8:40 pm

Learn to read. The arrest was of was Felix’s girlfriend and her temporary husband, not Felix.

How does helping his GF break immigration rules change Felix’s work in Forex?

Comment by Say What? — December 13, 2007 @ 3:04 pm

To the person above me, I have this to say:

It may have been his girlfriend, but who was the, ahem, ordained minister that conducted the ceremony? Also, while only supposition, who do you think was the mastermind behind the scheme and the one paying the sham husband for this indecent proposal? Hmm, makes ya think now, doesn’t it? This entire escapade was clearly an attempt to circumvent immigration laws and manipulate circumstances to his own advantage regardless of those incidental things like law, ethics and morals! Says a lot about his character, doesn’t it? And if he sees no wrong in doing stuff like that, it makes you wonder how above board other aspects of his life are or is it just me that thinks the subject heading to this blog is extremely fitting?

‘His’ work in forex, for example, tell me what that is exactly? He has presented nothing original of his own as far as I can see. His one true ability is that of very talented marketeer and it cannot be denied him. He can take other peoples’ trading ideas and present them to a wide audience with an uncanny ability. He doesn’t care who he shats on to get there though.

Case in point:

He was fortunate enough to be part of Tom Yeomans’ old core news trading group (which I was also part of) and he saw the potential there for milking the old goat. Despite the overwhelming majority of Tom’s students warning him that it would ruin the strategy, Tom’s greed got the better of him and he went into short term business with Dmitri anyway. What happened? It ruined the strategy! Not before both of them made a killing from the selling of the info though. Poor old Tom was not competent enough to have any kind of decent back up plan (his news trading technique was itself pilfered from Jimmy Young) and has had to resort to selling other peoples’ software since parting company. There were some very bright people in his group though and one of them - Safwan Hak - developed a way to automate the spike trading to its fullest potential - a necessity after the deluge of new news traders subsequent to Dmitri’s ‘Freedom Forex’ marketing machine made the old strategy redundant. Saf is a highly intelligent programmer and his prototype software was given freely to all the members of the original core group. Not one to miss a trick, Dmitri got his own friend/programmer, Rob Allen, to make a copy of what Saf had done and that is essentially what you see today marketed as the so called ‘Secret News Weapon’. Incidentally, Saf and others were jettisoned from the group, ostensibly for stealing Dmitri’s client list, but the real truth is that Safwan had far more to him of practical worth and was threatening to steal Dmitri’s central spotlight. We couldn’t have that now, could we? Dmitri and his new band of acolytes will deny this vehemently, but those that were actually there at the time know only too well that this was indeed the case.

The Forexbastards site (now known as the ludicrous ‘Forexpeacearmy&rsquo started off as a very good idea and although it is impossible for anyone other than Dmitri himself to tell you if the intention behind it was genuinely honorable and meant to expose the corruption that goes on in this industry, or whether it was an elaborate ploy from the beginning to ultimately use as a platform from which to sell to an established and trusting (naive?) public, is anyones guess. What can be said with certainty is that it was another example of where his true genius lies - MARKETING! As the story goes, a subscriber to the Forexbastards signals gave word to him about a Mr Claude Grespinet, who allegedly was another hotshot trader. Dmitri wormed his way into Claude’s circle and before you can say, “Vladdy Vladivostok”, a new signal service was born! Opinion is divided as to the usefulness of this service, but when it comes to trying to give negative views about it on his own Forexbastards site, I need point you no further than Nick B’s video on YouTube.

There are numerous other stories along these lines, but the aforementioned make up the bulk of the history.

In summation then, I put this question to the guy above: Does all of THIS change how you view ‘Felix’s work’???

What I can’t understand is that given Homo-boy’s amazing powers of foresight, mystically enhanced no less with the power of remote viewing, how he couldn’t have seen the consequences of his actions in this marriage debacle? To quote that great philosopher of our time, Homer Simpson, “Doh!”!!!

Merry Christmas and remember, don’t let those bastards take your money!

FPA And Peter Bain…Another Form of Scam

2008-06-20T06:23:00.000-07:00

Peter Bain…Another Form of Scam

Has any one of you ever heard about Master/Slave relationship?

For sure all of us know the meaning of such a kind of relationships.

Here you can easily apply it in Felix Homogratus and Peter Bain relationship.

Peter Bain is the owner of http://www.forexmentor.com/ a website for Forex education and signal provider. But also there is another job for him; he is a member of FPA!!! And here is the link where you can see the proof:

http://web.archive.org/web/20060208225501/http://forexbastards.com/

Peter Bain also sells his expert adviser and educational courses on DVDs, and moreover he advises traders not to begin trading before asking for his advice, for the sake of good trade!!!

Thus, how he can be considered a well qualified master when he doesn’t have a class master who can teach people great courses like Forex. He just learned two lessons or may be more than that from Felix about Forex, and he depends on this shaken fact to propagate for himself as a well qualified master in Forex!!!

Peter Bain and the Undoubtedly From Being another Felix

2008-06-20T06:17:00.000-07:00

Peter Bain and the Undoubtedly From Being another Felix

There seems to be many names here, but who knows, may all these names be a One for the same character!!!

As a Forex Trader or a beginner you may certainly hear about Peter Bain- the owner of http://www.forexmentor.com/ which provides traders with both education and signals- and who is also a member in FPA (Forex Peace Army).

This tight relationship between Felix Homogratus and Peter Bain depends on sending signals to FPA to provide Forex traders with it, which are unfortunately wrong signals, and thus helping in gaining money for nothing, money from others loss.

Certainly this black business is quite similar if not typically to Coffman’s (Felix) black business history. So, one may expect that Peter Bain may be another fake character of Felix’s.

The Mysterious Relationship between AVAFX and FX Solution (FxSol)

2008-06-20T06:06:00.000-07:00

After revealing the facts behind FX Solution (FxSol) and AVAFX- the two brokerage firms- and after showing the fact that they are brought to the light by FPA, or especially by Felix, there is another mystery to come.

Among that enormous numbers of brokers there appear FX Solutions (FxSol) and AVAFX, two brokerage firms. Concerning FX Solutions (FxSol), 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 (FxSol) 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 Owned and managed by the old forex guru, David Cohen, born in Russia in 1928, migrated to Israel in 1948, then found his way to USA and wall street in the early 60s. David Cohen is an icon in the financial world even though many do not agree on his some what brutal methods of making money. Cohen has built and burned many brokerage companies in the last decades, and some of those burned companies have caused huge losses to his clients. He was one of he key player of the famous refco disaster. (read more about refco here)

Cohen has been very careful about photographing, and very few pictures are available about him. He has also been moving around the world with no announced particular address.

Moreover, there sags from darkness this mystery to become instead a fact.He is holding large shares in FxSolutions (FxSol) and fully owns AVAFX which is a registered company on BVI (British Virgin Island) which is considered a paradise for taxes and money hiding from authorities in regulated countries.

Cohen is the mentor of many forex foxes; some of them have been doing extremely well.
An example, his fellow Russian Dimitry (Felix) and many others.

Blood Over The Counter

2008-06-20T06:01:00.000-07:00

Vanishing of Millions?!!!

Artificiality seems to play a domain role in our Forex Market, and it has its professional players. Those players have been introduced to you previously aiming that truth may prevail one day.

To begin our story we should first introduce the history of FX Solution. 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.

There has been found among FX Solution’s trades an account that was opened by a millionaire with millions of dollars as a live account. But what seems to be obscure here is that after opening this accounts and sending funds this millionaire has been disappeared, and no body knows where he has gone!!!

Certainly, this millionaire is not a mad man to throw this huge amount of money on air like this and leave them without even canceling it. There seems an obvious riddle that may any one has the key to solve it.

The News will be released after contacting the family & all the relations between this guy & FxSol will be published in the Blog

ForexPeaceArmy attacks Trade Oracle

2008-06-20T05:55:00.000-07:00

Felix and the gang had a very busy week shooting at many brokers and setting up more traps for traders. The most funny story on the news was their bluffing against Trade Oracle. They were able to blackmail the poor broker and force them to spend big money advertising on FPA’s site. This was a result of a series of attacks by email, posting articles, phone storm and warnings included on the daily signals they send to the members.Did you know by the way that FPA “borrows” the signals from otgher services

Stay tuned for more news

Trade Oracle subject to a new attack from ForexPeaceArmy

2008-06-20T05:43:00.000-07:00

We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that…

There was a dispute between our member WoodCrusher and Tony Awunor, owner of TradeOracle. WoodCrusher said that the software did not work for him and requested a refund. There were counter-accusations, and no money was returned.

Since the TradeOracle website does not specify any sort of guarantee, this case fell into a gray area. We decided to allow FPA’s members to participate in the decision to determine if this truly met the definition of scam. As part of this process, a poll was opened. Guests were allowed to vote. Halfway tough the polling period, a huge number of “Not Scam” votes came in in a very short time period. Research by our database administrators showed that a small number of compters were voting repeatedly. As a result of this, all Yes and No guest votes were removed from the poll so that only registered FPA members could vote. Both the owner of TradeOracle and Woodcrusher are registered FPA members, so both were entitled to vote. The final vote came to 72 in favor of scam, and 15 against. Thus, the vast majority of FPA members who voted consider this to be a scam.

One of our alert members did point out that the TradeOracle website did specifically state: TradeOracle Pro is Developed specifically for you if ou are ready to try a winning system at no risk. The Committee finds that this does indeed imply a guarantee for the software, and denying a refund. Therefor, we find TradeOracle meets our 4th definition of scam - Serious deception in a company’s advertising.

We find that the attempt to fraudulently rig the vote meets our 5th definition of scam - Other behavior that would be considered to be highly unethical by a reasonable individual.

We find that the owner of TradeOracle continuously attempted to delay our investigator with claims of being too busy, yet found time to leave a review that needed to have its language edited. He also had time to leave a number of posts in our forums insulting WoodCrusher and other FPA members. We consider his delays to be deliberate deceptions that are further evidence of unethical behavior.

Thus, we as well as 82.76% of the FPA members who voted find TradeOracle to be a scam. We offer TradeOracle the chance to resolve this issue by returning Woodcrusher’s 4500 Euros and implementing a reasonable guarantee or trial period for his software. If this is done, we will be willing to overlook the vote fraud as a one-time error in judgement.

We extend our deepest sympathy to Woodcrusher and anyone else who feels they have been scammed by TradeOracle. We extend warm regards to Lt. Gerard for his efforts in this case as well as to all the FPA members who took the time to vote on this issue.

TradeOracle is hereby blacklisted by the Forex Peace Army.

We encourage our members not to do business with this company and to encourage their friends to do the same.

Scamming Forex Brokers

2008-06-20T05:38:00.000-07:00

Terrorists On Wall Street
There is a great deal of fraud in the Forex market, so it would wise for the new forex investor to check out the broker thoroughly. Other good ways of checking a broker is by talking to other Forex traders through the many forums dedicated to foreign exchange.
Otherwise, it would be difficult to check the background of the broker, and little one can do if the broker turns out to be less than honest .The funds of most Forex brokers are not guaranteed, nor are they segregated from the funds of the firm. If the firm goes bankrupt, you will probably be just a general creditor, and may not get all, or any, of your money back. No government organization guarantees the funds, unlike the funds in a bank account or a stock brokerage account.
Don’t Trust who make reviews for brokers because most of them take money from scam brokers to add them as stars
Example: ForexBastards, forexpeacearmy, forexdiamond
Felix Homogratus or Dmitri Chavkerov is the owner of Felix peace Army who send many threats to brokers & many other provocations to make them pay money for avoiding fake scams to be made by him.
He is doing that & attracting traders by sending signals to them
All The signals are wrong 100% to make them lose their money with brokers to find more complaints about brokers & the game is begin So fare a battle between Felix & brokers.
Felix owns many fake brokerage firms; Felix was in the jail for more than 7 years
FBI investigated with him & all his capital was reserved
He made a fake marriage contract
He is not American Citizen
Many & many & more if you searched for Forex scams if you need to gather more information about how they do business, are they readily available to answer questions, or resolve complaints.

You can do this by reading what they have on their website, and by calling them on the telephone to see how quickly and how well they respond, or getting advice from the many chat rooms about Forex, including those provided by the broker. Although almost all Forex trading is done over the Internet nowadays, sometimes Internet connections don’t work, or the company’s trading platform isn’t working the way it should or the way you think it should, so it is very important that they also provide telephone service.
The most important criteria in selecting a Forex broker after assuring your self that they are reputable brokers is the trading platform, the currency pairs offered, and the spread, the difference between the bid/ask prices, which is how the Forex broker is compensated, and the best way to judge these criteria is to open practice accounts with several brokers, which most offer, and trade for about a month in each account. Practice accounts allow you to trade Forex using live market data and using the company’s software, but without using actual money. You must remember that when you place an order with the broker, your order cannot be seen by anyone else other than your broker—not even other brokers. All of your transactions are with the broker—not other traders; the broker develops the trading software, or, at least customizes it, you can be restricted from doing certain things that you might be accustomed to doing with stocks, for instance.
A good way to compare actual trading is to open real mini-accounts with several brokers. Because mini-accounts require very small deposits to open, most people should have no problem opening several accounts to see what their actual profits and losses are, broker fees, and responsiveness. This also helps if one of the brokers goes bankrupt. At least you won’t lose all of your money because you placed it with one broker. Despite many brokers claims to the contrary, trading foreign exchange successfully is not an easy thing to do. Forex trading is at best a risky business and at worst, a scammer’s dreams come true. As a general rule, it is best to avoid any companies claiming that Forex trading is easy, guarantees results or encourages you to make small deposits and use high leverages. Regardless of how well educated you are, investing a small sum in FX trading is likely to end in losses.
Some recent scammers who have been caught include: Lake Shore Asset Management, Forexbastards, ForexPeaceArmy, Felix Homogratus, Lake Dow and Ty Edwards, Ben Ouyang, Rashid Ghafoor, Adam, Tahir, Emerald Worldwide Holdings, Foreign Fund (First Bank), Equity Financial, Shasta, or Tech Traders,IBS/IMC, Kevin J. Steele Nawab Ali Khan Ali,Sun Platinum Worldwide Commodity orporation Graystone Browne Financial,Sterling Trading Group, Inc,STG Global Trading or QIX, Inc.A broker must be registered and reputable since there are innumerable scams involving Forex investment.

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

2008-06-20T05:33:00.000-07:00

Hot 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.

Today's Signal and Warnings from ForexPeaceArmy

2008-06-20T05:29:00.000-07:00

First of all, keep your money far away from fxsol, they are on the same track of rejecting orders at news times. FPA had a fight yesterday with the management at fxsol and we will be making our best they get into hard times int he days to come, stay tuned.

Back to signals..

Let’s review what happened earlier today.

Norway CPI came out slightly lower and we saw 400 pips move. It seems it was a hit&miss.

At 4:30 a.m. we had UK Industrial Production which came out 0.2 versus 0 expected, not enough to enter a trade. There was not any real move.

We did not have any significant moves on U.S. and Canadian trade balances.

There was a huge surprise on Canadian Interest rate statement. It was expected they will cut the rates but they did not. USD/CAD moved about 80 pip the first minute and then another 40 pips in next 15 minutes. Canadian dollar should still strengthen a bit more so it still might be a good price to enter a short trade on USD/CAD or EUR/CAD.

We also had Japanese GDP, and the price moved by 10 to 15 pips so it was not tradable.

Let’s talk about Wednesday.

1. Wednesday, June 11th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK Claimant Count Change and Average Earnings +Bonus. It seems that the Claimant Count Change might be more in focus. Keep in mind that higher number is bad for the GBP. Last month with 7.2 deviation we had over 40 pips price action. If it comes out at 3K or lower, I would buy GBP/USD and expect 40 pips price action. If it comes out at 13K or higher, I would sell GBP/USD and expect 40 pips move as well. Watch the video for more details.

2. Wednesday, June 11th, 2008 (2:00 p.m. New York Time) USA
At 2:00 p.m. we will have Monthly Budget. I don’t have any specific suggestions how to trade it. If you are new in Forex, definitely skip this report.

3. Wednesday, June 11th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Employment Change. It is expected to come out at 13.5K. If it comes out at 0 or negative, I would sell AUD/USD and expect 30 to 40 pips move. If it comes out at 25K or higher, I would buy AUD/USD and expect 40 pips move as well. Watch out for unemployment change. 0.2 deviation on the unemployment is good enough to change the direction.

One more thing: Sir Pips is taking vacation soon so we will not have videos for next 2 weeks or so. We will still send signals in the text format.

That’s all for now. don’t forget to vote against fxsol at our forum, let the rest of the members know your story with this broker.