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Lowcost Forex User Reviews
Lowcost Forex User Reviews
Členem od Oct 15, 2017   1 příspěvků
Nov 21, 2017 at 15:49
i m going to deposit my 10000 usd in lowcostforex , ThanksGod i see this post
Členem od Jan 26, 2011   47 příspěvků
Mar 19, 2017 at 17:56
Dear Mr. Balaji,

thanks for your contribution. People can be scammed or just brought in a wrong way easily, because Forex is a jungle, actually. So, if there are many brokers with segregated funds AND very well regulated, why to choose one broker that misses one of those two points? It's a nonsense.

My suggestion: don't choose LowCost Forex Broker, find another one, you won't regret.

Have you doubts about which broker to use? Click here and you will find it: https://www.100forexbrokers.com/fx/broker_search.php

Best regards.
/achab
Členem od May 29, 2010   19 příspěvků
Mar 19, 2017 at 14:25
Dear Julia

Yes Achab is right in all his posts. You guys do not have any regulation at all so what are you trying to educate people here about being FSP regulated for funds? Can you elaborate more on it as I have been trading forex for over 15 years and have had accounts with over 100 regulated brokers and have been scammed couple of times by regulated brokers also so want to really understand what is something new you are trying to educate potential clients.

Secondly I know moneyfarm since many years and we have traded many reputed brokers and although he is a Nigerian he is a honest guy and so don't keep bullshiting about your company. Put the facts in place and don't think there are kids here to believe what you says about your company security of funds. The very fact that you do not have a regulation with any country regulator proves beyond doubt that either you are already a scamster company or would be soon once you have achieved the total amount of deposits your owners wanted and then say get lost like scam brokers Ironfx who are still regulated with CYSEC and Noafx who were regulated with New Zealand regulators and got deregulated and both are not returning the deposits of clients or profits

regards
Balaji
Členem od Dec 29, 2015   10 příspěvků
Oct 09, 2016 at 06:14
achab posted:
Hello Julia,

good morning. I did 'disqualify' and/or 'defame' no one here (and everywhere). I am just saying the truth about the risks, intrinsic and explicit, related to send money to a non regulated broker.

I like people to be conscious. After knowing the risks. people is free to do everything aware.

Best regards.
/achab

I repeated 5 times and again now.
that loscostforex, has regulated FSP fund custodian.
This means that funds are always under auditing and regulation.
and this is the best guarantee, because not only are regulated also audited.

and now, this will be the last post, because what I see, you just try to create a controversy.
There are currently no customer problems, only 'moneyfarm' and was resolved and the whole process became clear, it was because of the payment with the card from nigeria.
  The rest is just trying to defame and you know very well.
Členem od Jan 26, 2011   47 příspěvků
Oct 07, 2016 at 09:19
Hello Julia,

good morning. I did 'disqualify' and/or 'defame' no one here (and everywhere). I am just saying the truth about the risks, intrinsic and explicit, related to send money to a non regulated broker.

I like people to be conscious. After knowing the risks. people is free to do everything aware.

Best regards.
/achab
Členem od Dec 29, 2015   10 příspěvků
Oct 06, 2016 at 15:54
achab posted:
Yes, it's not English, it's 'your' English (something different).
I do not care about what you don't understand, your job is to understand your customers.
I inform people that you are not regulated and even if you have funds, ad you states, 'custodian FSP regulation' they are at risk in any case: I suggest you to open a company incorporated in UK and ask FCA to be your regulator.

I did not mention Tallinex, it is only one of my many accounts/brokers I have (real account, obviously), not my favorite, not the worst.

Anyway, stop talking about my stuff, here it is you that have to answer and give explanation, maltreat people like you are doing with me shows your soul, a bad one, IMHO.
sorry, but not of what he speaks.
that speaks well of us?
you have no account with us, nor any bad experience.

Only we indicate that our broker has FSP fund custodians regulation.

what is the problem?

why not for you to defame this broker and others?
which is your real problem?

I invite you kindly help you in what you can, and allow you to disqualify and defame.
Členem od Jan 26, 2011   47 příspěvků
Oct 06, 2016 at 14:29
Yes, it's not English, it's 'your' English (something different).
I do not care about what you don't understand, your job is to understand your customers.
I inform people that you are not regulated and even if you have funds, ad you states, 'custodian FSP regulation' they are at risk in any case: I suggest you to open a company incorporated in UK and ask FCA to be your regulator.

I did not mention Tallinex, it is only one of my many accounts/brokers I have (real account, obviously), not my favorite, not the worst.

Anyway, stop talking about my stuff, here it is you that have to answer and give explanation, maltreat people like you are doing with me shows your soul, a bad one, IMHO.
Členem od Dec 29, 2015   10 příspěvků
Oct 06, 2016 at 11:44
achab posted:
juliaLOWCOSTFX posted:
the problem with 'moneyfarm' it became clear that the processor CC, lock your income for a while, since payment with a card from suspicious Nigeria. After this time imposed by the processor, not by us, we return the remainder of your first deposit.
case solved.

Loscostforex has FSP regulation in custodian funds.
It is also important that payments are realizen by a manager with FCA regulation. since most brokers use a service without regulation.

Is this the best guarantee for their funds.

Have a good day everyone.

Dear Mrs. julia,

thank you for your contribution. You wrote 'It is also important that payments are realizen by a manager with FCA regulation' and it is only your point of view, nothing more.

Anyway, why this company does use a person like you that writes 'realizen'? What kind of English is this? 'we return the remainder of your first deposit'... ???

After these last two posts with poor English, I started to think the LowCostFX level of any service is 'low', matching its name. 😄

Best regards.
/achab
Dear Achab, I hope you understand our English perfectly. :)))
clear and resolved all points,
and I do not understand your interest on our broker, since not even have an account with us.
Also I inform you that we have funds custodian FSP regulation.

and also to inform you that Tallinex, previously you mentioned, has no regulation, because as you know, does not exist in St. Vicent regulation, and there FSA does not regulate any activity FX.
Členem od Jan 26, 2011   47 příspěvků
Oct 06, 2016 at 09:57
juliaLOWCOSTFX posted:
the problem with 'moneyfarm' it became clear that the processor CC, lock your income for a while, since payment with a card from suspicious Nigeria. After this time imposed by the processor, not by us, we return the remainder of your first deposit.
case solved.

Loscostforex has FSP regulation in custodian funds.
It is also important that payments are realizen by a manager with FCA regulation. since most brokers use a service without regulation.

Is this the best guarantee for their funds.

Have a good day everyone.

Dear Mrs. julia,

thank you for your contribution. You wrote 'It is also important that payments are realizen by a manager with FCA regulation' and it is only your point of view, nothing more.

Anyway, why this company does use a person like you that writes 'realizen'? What kind of English is this? 'we return the remainder of your first deposit'... ???

After these last two posts with poor English, I started to think the LowCostFX level of any service is 'low', matching its name. 😄

Best regards.
/achab
Členem od Dec 29, 2015   10 příspěvků
Oct 06, 2016 at 08:39
the problem with 'moneyfarm' it became clear that the processor CC, lock your income for a while, since payment with a card from suspicious Nigeria. After this time imposed by the processor, not by us, we return the remainder of your first deposit.
case solved.

Loscostforex has FSP regulation in custodian funds.
It is also important that payments are realizen by a manager with FCA regulation. since most brokers use a service without regulation.

Is this the best guarantee for their funds.

Have a good day everyone.
Členem od Dec 29, 2015   10 příspěvků
Oct 06, 2016 at 08:35
achab posted:
As usual: when aggressive people has no arguments to oppone, they start offending or talking about different topic, like 'you are worst then me, so I am better'. If this behavior makes you feel better, good for you. But the facts makes evidences and insults and/or off topics remain only vacuous words.

By the way, did you take a look at my AvaTrade balance? No, you didn't because it's hidden: less than a hundred dollars. Do you think I loose real money with huge balance?
Did you take a look at my Tallinex balance? Neither this case. Ah, maybe you are envious for Tallinex +149.93%

I didn't take a look at your account(s), because it's not important: here we are talking about one specific broker that is NOT regulated. Full stop.

Good bye.
/achab
P.S.: Tallinez is regulated FSA St. Vincent and the Grenadines. Worst than FCA, but better than NO ONE!

Tallinex no have any regulation FSA st. vicent is not regulation,, only IBC
Členem od Jan 26, 2011   47 příspěvků
Oct 05, 2016 at 17:57
As usual: when aggressive people has no arguments to oppone, they start offending or talking about different topic, like 'you are worst then me, so I am better'. If this behavior makes you feel better, good for you. But the facts makes evidences and insults and/or off topics remain only vacuous words.

By the way, did you take a look at my AvaTrade balance? No, you didn't because it's hidden: less than a hundred dollars. Do you think I loose real money with huge balance?
Did you take a look at my Tallinex balance? Neither this case. Ah, maybe you are envious for Tallinex +149.93%

I didn't take a look at your account(s), because it's not important: here we are talking about one specific broker that is NOT regulated. Full stop.

Good bye.
/achab
P.S.: Tallinez is regulated FSA St. Vincent and the Grenadines. Worst than FCA, but better than NO ONE!
rob559
Členem od Feb 11, 2011   1916 příspěvků
Oct 05, 2016 at 16:23
very few specifics on their website,i would never send any money there...like trying to get your money..would wait until the website is complete before making my mind
Členem od Jan 26, 2011   47 příspěvků
Sep 25, 2016 at 19:35
LOWCOSTFOREX posted:
but money is comeback,,, and yes , when have regulation in funds, 5 usd or 50k usd is the same
Yes, only after such ridiculous and bad figure they made. Compliments!

look:
The Lowcostforex broker offers on the opt, segregated funds and regulated by etana.
Who is interested can go and check. This is only hype. Are you interested in this company, somehow? It seems so.

All with full financial regulation in FSP (New Zeland) one of the strictest regulations.
Directly from their website:
This website www.lowcostforex.com, is operated by PHP-International Live Quiddity Ltd., is a company incorporated in Anguilla (British West Indies), with the address Landsome Road,The Valley (AI-2640), registered and certified business with number 2353718.
It means it is NOT regulated (at all). If they will not give you back your money (I hope it will not happen to you), you will have no chance to get it back, unfortunately.

So, be aware. It is my recommendation and my advice.

Best regards.
/achab



Členem od Jan 26, 2011   47 příspěvků
Sep 25, 2016 at 17:58
LOWCOSTFOREX posted:
This is not the place to discuss this.
We have sent more than 20 emails, account for 500 usd.
We do not want to retain their money longer, but complaice tells us again and again that you do not send the required documents.
why not send the required documents?
Just we stick to the money laundering laws.
Do it and within 24 hours your retirement will be effective.
African country that you live and Pakistan, have special conditions such as we caution.
Leave this this forum, and contact support.
And the next time that defames our brand study legal action.

Again: are you serious? $500 can make the difference to the anti-money laundering laws? Come on!
I am sure and I can bet my half portfolio that NO ONE will come to you to say 'Hey guys, you have sent him $500 without the complete papers!'.

It is a must with larger amounts! ONLY FOR LARGER AMOUNTS!

Stop cheating this people and pay, making a favor to everyone: do it in silence.

Best regards.
/achab
Členem od Jan 26, 2011   47 příspěvků
Sep 25, 2016 at 17:52
LOWCOSTFOREX posted:
My name is Jualia Lusky, account manager of this customer

problem this customer have is the next:

-the customer asks for the withdrawal of its capital (300 USD approximately),

-but no documentation requested by complaice.

-Depending on the country you live in, it is one or the other, depending on the laws of anti money laundering.

-In this case the customer resides in a complex African country, as most scams are carried out from there. thus it prompted duly verified proof double residence.

-They do 95% of the brokers.

-But the customer refuses to submit the verified documentation.

-So we can not complete the process of withdrawal.

-We have explained it more than 18 times, and exchanged emails with 23 and 12 chats communication.

-if the customer has an account verified by the legal department, every withdrawal made within the same day of request.
The problem with these forums, it's free and defame post without properly explain the situation.

Dear Mrs. Jualia Lusky,

do you really believe that with $300 will be a juicy booty for a person that wants to money laundering? 😄
It makes me smile and makes smiling all people reading here.

Do the only right thing: withdrawal money to its owner without one more excuse, because you are going to be ridiculous with your needlessly stiff behavior.

Best regards.
/achab
Členem od May 10, 2016   1 příspěvků
May 10, 2016 at 08:43
account opening was somewhat slow compared to other brokers.
But the accounts has an excellent spread for my scalpers.
no delays etc.

About deposit and withdrawl, all perfect

in general good and safe broker
Členem od Dec 29, 2015   10 příspěvků
Apr 21, 2016 at 15:01
moneyfarm01 posted:
juliaLOWCOSTFX posted:
moneyfarm01 posted:
LOWCOSTFOREX posted:
moneyfarm01 posted:
LOWCOSTFOREX posted:
moneyfarm01 posted:
If you asked for notorized copy of my bank statement and drivers license and you were given. Why still holding on to a fund that's not yours?

You are nothing but a scam broker.

Presently I have over 10 brokers am working with without this issue.

You are a scam broker that's why you did not include withdrawal link but deposit in your clients profile.

Pls stay away from this broker if you don't want to lose your hard earn money.

II have been patients with them for over 4 months.

Would LP ever asked a broker not to pay back deposit?

This is not the place to discuss this.
We have sent more than 20 emails, account for 500 usd.
We do not want to retain their money longer, but complaice tells us again and again that you do not send the required documents.
why not send the required documents?
Just we stick to the money laundering laws.
Do it and within 24 hours your retirement will be effective.
African country that you live and Pakistan, have special conditions such as we caution.
Leave this this forum, and contact support.
And the next time that defames our brand study legal action.

Pls tell the world what you asked me to provide which I have not given.
I paid a notary public to get my documents notorized and yet you said you can accept it.
I am a full time trader and know when a broker is trying to scam me.
Even from the bank statement I gave you there are a lot of withdrawals from other brokers but you cannot release just $500 and you talk about Africa being a scam country. Pls who is scamming who?


you have to do is present the documentation required by the 'legal of complaice' department.

We have no fault that you live in a troubled country, in fact we are leaving to accept customers where you are.

Do not use this site as a support. You know our email and chat, we have sent detailed information on how to complete it.

Exactamante, we have sent more than 25 emails and you know everything.

Submit documentation in a timely manner and withdrawal will be processed within 24 h following.

You keep saying I should submit the required documents, which documents if not ID Card and proof of address, which I have submittedeposited.

And tell me if the name on card is different from the name on bank statement and drivers license. An account you have previously approved which I have email on? If you are not a scam broker you will not keep a funds that's not yours for over 4 months after a withdrawal request. Never trust this broker until they proof otherwise.

I will have to also inform neteller to go after you for scamming me through the use of their master card.
This can be infinite as this client, after 30 emails, 10 hours of chat, etc, seems not to understand that to make withdrawals, you must have your own fully verified, as in the rest of the brokers.

The strange thing is that in the preferred post reviews, accusing him of scam everyone, but there is yoked the scam.
this will be our last post, because we do not pay more to this game. The customer knows our email and chat, but there does not say anything.

1 All customers have to verify your account, especially to make withdrawals, by the law of money laundering. If anyone could not reitrar money from the account of another.

2nd only to some countries of Africa and Pakistan, there verificaicion more extensive rules as they are conflicting countries, other brokers is the same.

3rd A customer can not deposit on behalf of one and remove the name of another, which is what this clietne apparently intended, this is common sense.

Besides this client still does not present all the required documentation, it is more the credit card processors can hold up to 6 months or more some payments

especially in places with suspected fraud, again not us, but the card processors.

And that is something that this gentleman does not entide, our inveritr after more than a week of work to explain it agents.

There is no way. What we lacked is that after all the effort, to lose money by a score of 500 usd we have worked more than 1 week time support obviously lowcostfx loses money, we are above acknowledgment of scam, when we follow the rules one together, and give plenty of information on how to proceed legally.


This is a screenshot of my verified account with lowcostforex:
https://prntscr.com/9jyzwo
They don't have money to pay because they are scam broker.
I never use any third party card as they assumed.
Let me tell you what you don't know, am a VIP member of neteller maybe you don't have idea of what it takes to be VIP member with neteller, you may need to check with them.
You better pay my money otherwise all forex forum will know how you scammed me.
What else after a notarized documents, maybe you will ask me to visit you physical for you to believe you are dealing with a real person.

We send money, when investigation credit card processor finish, and they send me the rest of funds
all this time, funds is freezer for theys
here is proff of payment to customer
https://prnt.sc/auzp8l
Členem od Nov 07, 2015   7 příspěvků
Feb 27, 2016 at 17:06
The best spreads but very poorly in customer service.
Členem od Feb 08, 2015   7 příspěvků
Feb 12, 2016 at 11:50
But they still did not pay me even though I had submitted all that they require from me.
A notary public wrote a letter together with notarization of my driver's license and bank statement was submitted on 3rd of Feb but no response till date. What do we call that? Is it that they decided to scam some region and leaves some out?
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