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Ben Nathan (BenNathanFX)
Jan 13 2016 at 11:26
137 inlägg
In terms of brokers - do you homework - check their regulations, then go to the regulatory body and check that brokers profile for history and fines. Finally, make sure they arent listed as a scam broker by FPA and then you are good to go
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
BellaVista507
Jan 13 2016 at 11:34
251 inlägg
deresel posted:
mlawson71 posted:
The Italian financial watchdog Consob warned about six new entities to their list of forex and binary options brokers unauthorized to operate in the country – BestCopy, LHCbrokers, Oklycapital, Amf Capital, Ampha Management, and St. World Trade. (Source: https://www.forexbrokerz.com/news/italy-consob-warns-six-unauthorized-forex-binary-options-brokers)

Thank you for the useful information!

Same in Belize: The International Financial Services Commission of Belize (IFSC), Belize’s financial regulatory body, recently issued a warning notice against forex broker Financial Strategy Holdings saying its operation is “a complete forgery”.
The regulator said the above mentioned broker has not been licensed in Belize and is not allowed to conduct trading activities in the country.

The IFSC asks in the notice for information from anyone contacted by representatives of Financial Strategy Holdings.

Source: https://www.forexbrokerz.com/news/belize-watchdog-says-newtradefx-forex-broker-complete-forgery

 The reality is brokers, and all of them can become 'scams'. A broker can go under, and even if they are regulated you still won't get your funds unless the regulatory agency recovers what was lost, or if restitution was given. Don't get me wrong, regulation makes you sleep good at night, and some people like the fact that they can file claims if something goes wrong, but the reality is you aren't any safer then you are if you traded in a bucketshop.
mlawson71
Jan 13 2016 at 12:53
1487 inlägg
I think regulation makes us safer in the sense that if you file a complaint against a scammer at an agency which has official authority to regulate the market and that agency then exposes the scammer, the information becomes so much more widely available to newbies who may buy into the scam otherwise. I mean, the word of an official watchdog agency carries a lot more weight than an anonymous review written somewhere else. Also, one of the first things a person researching the broker they'd like to work with does (or that's what they should do, at least) is to check such official blacklists. So people looking for such information can both easily find it and, hopefully, trust it.
dianajs
Jan 17 2016 at 09:53
823 inlägg
Well, speaking of official warnings and scammers, I also have this: FCA warned that Ayondo Markets Ltd is a clone firm of FCA-licensed social trading company ayondo markets Limited (https://theforexreview.com/2016/01/08/fca-warns-of-clone-of-social-trading-broker-ayondo-markets/) The clone is using information about the genuine broker to make themselves look legitimate, although they have nothing to do with he original. I actually took a look at both their sites, and they look chillingly similar. They even use the same logo. To be honest, if I were a newbie, I'd totally buy the scam. I might've even bought it now, if I weren't warned.
trendfollowers
Jan 17 2016 at 11:46
276 inlägg
Wow... This block counter really reveals so much and confirms so many suspicions. Really a fantastic feature.!
If you want to go fast, go alone. If you want to go far..Go together..
Mesbah (rahiths)
Jan 17 2016 at 14:36
98 inlägg
Anybody using Ticmill
A trader can be an economist but an economist could never be a trader. They are too theoretical.
BellaVista507
Jan 17 2016 at 15:22
251 inlägg
rahiths posted:
Anybody using Ticmill

 I have a client who uses tickmill. VERY VERY VERY GOOD BROKER!
Mesbah (rahiths)
Jan 17 2016 at 17:37
98 inlägg
BellaVista507 posted:
rahiths posted:
Anybody using Ticmill

 I have a client who uses tickmill. VERY VERY VERY GOOD BROKER!

Thanks man but i still confuse about their regulatory system
A trader can be an economist but an economist could never be a trader. They are too theoretical.
rob559
Jan 17 2016 at 17:52
1916 inlägg
rahiths posted:
Anybody using Ticmill

been using them for 4 years ,before armada ,they are the best i'v used so far
Mesbah (rahiths)
Jan 17 2016 at 17:58
98 inlägg
rob559 posted:
rahiths posted:
Anybody using Ticmill

been using them for 4 years ,before armada ,they are the best i'v used so far

But you are using Demo
A trader can be an economist but an economist could never be a trader. They are too theoretical.
dianajs
Jan 24 2016 at 10:48
823 inlägg
The FCA is warning about yet another clone scammer - Delta Financial Markets is presenting itself as part of the trading brand Delta Trade and as an associate of the legitimate broker DF Markets. (https://theforexreview.com/2016/01/22/fca-warns-about-clone-of-df-markets/) Just how popular is this type of scam?
deresel
Jan 26 2016 at 09:57
708 inlägg
dianajs posted:
The FCA is warning about yet another clone scammer - Delta Financial Markets is presenting itself as part of the trading brand Delta Trade and as an associate of the legitimate broker DF Markets. (https://theforexreview.com/2016/01/22/fca-warns-about-clone-of-df-markets/) Just how popular is this type of scam?

The interesting thing is, that here, in the UK, regulations are very strict, and ther are still many scam brokers. Imagine in other countries, with no regulation at all...
mlawson71
Jan 28 2016 at 11:36
1487 inlägg
deresel posted:
dianajs posted:
The FCA is warning about yet another clone scammer - Delta Financial Markets is presenting itself as part of the trading brand Delta Trade and as an associate of the legitimate broker DF Markets. (https://theforexreview.com/2016/01/22/fca-warns-about-clone-of-df-markets/) Just how popular is this type of scam?

The interesting thing is, that here, in the UK, regulations are very strict, and ther are still many scam brokers. Imagine in other countries, with no regulation at all...

I can only imagine. The horror stories I've heard about Russia and the scams going on there are terrifying. It's a good thing that they finally introduced licensing this year, but it will probably take time to put things under control.
TalkNowPlease
Jan 29 2016 at 10:36
33 inlägg
@richfxtrader100 Please stay away from this trader. I have bought his signals for very expensive price considering that I am now over 51% in drawdown thanks to his little "Grid" trading system. I really wish I would of taken the hints from other traders about his trading. Sadly I haven't. He cares more about having almost a 100% win rate, than actually making good trades. https://www.myfxbook.com/members/richfxtrader100/richfxtrader100/1437809

 You all have been warned.
BellaVista507
Jan 29 2016 at 10:51
251 inlägg
TalkNowPlease posted:
@richfxtrader100 Please stay away from this trader. I have bought his signals for very expensive price considering that I am now over 51% in drawdown thanks to his little "Grid" trading system. I really wish I would of taken the hints from other traders about his trading. Sadly I haven't. He cares more about having almost a 100% win rate, than actually making good trades. https://www.myfxbook.com/members/richfxtrader100/richfxtrader100/1437809

 You all have been warned.




Good call.

Bilagor:

deresel
Feb 02 2016 at 21:48
708 inlägg
That sounds scaring: 'The European Union member states consider a crackdown on virtual currencies and anonymous payments via the Internet and pre-paid cards, aiming to tackle terrorism financing after the attacks in Paris on Friday, Reuters reported'. Source: www.forexbrokerz.com/news/eu-plan-crackdown-virtual-currency-anonymous-payments-fight-terrorism-funding
mlawson71
Feb 04 2016 at 13:00
1487 inlägg
deresel posted:
That sounds scaring: 'The European Union member states consider a crackdown on virtual currencies and anonymous payments via the Internet and pre-paid cards, aiming to tackle terrorism financing after the attacks in Paris on Friday, Reuters reported'. Source: www.forexbrokerz.com/news/eu-plan-crackdown-virtual-currency-anonymous-payments-fight-terrorism-funding

It was inevitable, I suppose, after what happened. I wonder what the effect would be on the Bitcoin market.
dianajs
Feb 07 2016 at 12:11
823 inlägg
The French AMF warned against 5 unauthorized brokers trying to work in the country without authorization (https://theforexreview.com/2016/02/05/france-amf-warns-against-unauthorised-ic-markets/) - ActivMarkets ,Market City Inter. , CVC, International Capital Markets PTY and RGV Media.
rob559
Feb 07 2016 at 15:18
1916 inlägg
European Union are like u.n. a bunch of crooks
mlawson71
Feb 12 2016 at 11:35
1487 inlägg
dianajs posted:
The French AMF warned against 5 unauthorized brokers trying to work in the country without authorization (https://theforexreview.com/2016/02/05/france-amf-warns-against-unauthorised-ic-markets/) - ActivMarkets ,Market City Inter. , CVC, International Capital Markets PTY and RGV Media.

At least the regulator was doing their job. The market is full of scammers, but without a regulator navigating among them would be even harder.

rob559 posted:
European Union are like u.n. a bunch of crooks

Greed and dishonesty, unfortunately, are universal vices.
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