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FOREX Review Visit site.

FOREX are forex brokers. FOREX offers the MetaTrader4 and GTX-Forex ECN top forex trading platforms. FOREX offers over 40 currency pairs, gold, and silver for your personal investment and trading options.

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I started out with a Demo account for 30 days and now I'm trading Forex live. I absolutely love this company! I previously had no knowledge of this type of trading and would only trade stocks. The App works fine for me so I rarely log onto a computer. Actually, I prefer the app. Forex sets you up with a free 45-day account from Faraday Research as well. I wouldn't recommend signing up with Faraday after the free trial.

terrible customer service rip off companies ie gain capital so many customers ripped off by these including me. poor trading platform many including me believe manipulated. They have numerous companies all with similar reviews finspread, city index, trade fair, forex, gtx, salt, barclays and others. Some reviews from here and other review site. Term and conditions meaning their not liable regardless if u can prove what their doing. So many ripped off time to make sure no one else suffers. Report all problems, they dont care they know they can get away with it .

worst broker, check their regulations information, they aren't regulated by FCA, but they got their license from an island.

Not sure about any of these negative reviews but this company has been great to me. A lot of the negative reviews here might be from people who don't understand how forex works, their margin requirements, how to use leverage, or any proper risk management. These people dont do enough research enough before using this broker and then wonder why it goes bad for them.

Forex, worst broker ever.

I want to first begin by quantifying, I am a experienced fx trader and have definite and unwavering opinions concerning forex trading when it comes to american traders.

I got shoved to forex when fxcm went out of business, i was somewhat satisfied with fxcm though my account was small, which i will address later in this review. Forex it arguably the worst forex provider i have ever experienced. Their platform is pure garbage , it is the worst platform i have ever used. After the past few months of using it, i understand why they use it! When entering or closing a trade, the slippage is no less than 2 to 4 pips. their spreads only worsen the situation. But it's the blatant slippage that is infuriating, and how have i come to this conclusion ! I run several platforms simultaneously and watch every move in a given pair to the .001 pip. Since they are a market maker, they think they are smart by hiding the slippage with the retarding of the price action within their platform. It is not smart, but instead it is pure deceit, and should be actionable in a court of law.

I decided years ago, that if I wanted to be successful as a FX trader, I needed to have a foreign account. Since americans are so stupid, we are not allowed to open account with foreign brokerages, and they are not allowed to have us either. Well, since am not a serf or subject, and i have a residence overseas, i have opened an account with a top swiss broker! Until american traders are allowed to open foreign accounts, with that ability to hedge trades and have reasonable leverage, generally in the 100:1 range, they will never be successful. Until american traders do not have to use "so called brokers" such as forex , only then can they expect to be successful. Until the regulations are changed, american traders can expect nothing but failure.

I have a lot of reservations about even submitting a review, because i demand anonymity in my life. but sooner or later we all need to speak up, and as i trade basically nothing with us brokers, i took a low 6 figure account to the mid 7 figure range with my foreign broker.

In closing, forex is the worst broker and criminal in the way their platform steals from traders with retarded price action and slippage.

Customer support and website is incompetent.

Use FXCM do not use FOREX, COM.

Not sure if my previous review was posted, I didn't get a confirmation.

But this broker has been nothing but fair to me. So I feel I do owe them a review.

They have helped me for hours on the phone and have very professional support 24 hours a day. It's the best choice for American customers (one of 2) and the offshore brokers are NOT safe IMHO and 200:1 leverage is plenty! Happy camper.

Forex is a total scam. I thought that I was just terrible at trading. I used their learning system with play money and lost some but then I got the hang of it and started understanding the way it works and what to look for. I started with 50k usd in play money and went down to about $15K and then I started doing some research. ver the course of a week I turned that into about $150K and then $300K then I said screw this I know how to do it. so I put $1500 REAL USD in and started trading using the same tactic by looking for the key signs of when I should buy or sell. not surprisingly within a week I was down to $20. I noticed when I did a small trade that would give me a few pennies if it went up or down a pip I would feel sick because it would move 50-100 pips giving me a few dollars. and when I went for similar patterns and put alot of money on the line the pips would somehow work against me in the same way and I would lose $50-$200 in a few hours. so I thought this was weird and had a buddy of mine on the inside do some digging. here is what the investigation found upon surveying their algorithms. if you put over $100 on the line to buy, forex will trade opposite of you by AT LEAST 10 times as much causeing the market to sway in their favor slightly at first and if you let it ride they slowly buy/sell against you even more until you liquidate or pull out and lose your money. this is a total scam. go with a different broker they only have this software so that they can make money. think about it. do you hear any success stories that can be verified from using forex? or any other broker for that matter? the best way to trade cureency and the only way is to trade physical currency. I used my same strategy with $1500 using physical currency and turned it into $8000 in a week. no weird cr** and no broker. forex you tricked me once but never again.

DO NOT USE FOREX UNLESS YOURE INTO GIVING AWAY YOUR MONEY FOR FREE!

I used FXCM and had no problems ever making transactions via phone or laptop. Off the rip, Forex's web terminal and app are poorly made.

It is impossible to gain access to a ledger of transactions on their web terminal. I contacted customer service told them there had been some odd transactions in my account and I was unable to access a record on their platform. Customer service forwarded me to a record of transaction data on an unsecured website - not https. The dealer rate for the questionable transaction is wrong. It was like a cherry picked number. The times were off. I use wireshark while I trade. I captured packets and screenshots. Weird stuff. Even if it wasn't anything fraudulent their tools are weak. I didn't even get into the FXCM stuff.

Great website and you can benefit a lot from it and it was great experience for me to know more about the forex trading.

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Forex Reviews and Ratings.

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Forex Traders Court.

Forex Trading Education and Community Forums.

Forex Calendar and Tools.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Forex Trading Scams to Watch.

Forex scams can take many forms. Here are three of the most popular ones.

One of the challenges a rookie Forex investor faces is determining which operators in the Forex market are honest and which are not. Signal sellers are an example.

Basically, a signal seller is offering a system that purports to identify favorable times for buying or selling a currency pair. The system may be manual -- the trader enters the info and gets a result -- or it may be automated.

Some systems rely on technical analyses, others rely on breaking news and many employ some combination of the two. But they all purport to provide information that leads to favorable trading opportunities. Signal sellers usually charge a daily, weekly or monthly fee for their services.

Some analysts propose that many or even most signal sellers are scam artists. A frequent criticism is that if it were really possible to use a system to beat the market, why would the individual or firm that has this information make it widely available? Wouldn't it make more sense to use this incredible signaling system to make huge profits?

Other analysts distinguish between known scammers and others, such as Metatrader, that offer a well thought-out signaling service.

Behind these opposing views is a larger difference of opinion about whether anyone can predict the next move in a trading market. This disagreement is fundamental and won't be settled in this short article. Nobel Prize-winning Economist Eugene Fama proposes in his well-regarded Efficient Market Hypothesis that finding these kinds of momentary market advantages really isn't possible.

His economist colleague, Robert Shiller, also a Nobel Prize winner, believes differently, citing evidence that investor sentiment creates booms and busts that can provide investment and trading opportunities.

The best way to determine if a signal seller can benefit you is simply to open a practice trading account with one of the better-known sellers. Be patient, and eventually you'll determine that predictive signaling really works for you or that it doesn't. Finally, that's the only thing that matters.

In the past few years, Forex Management Funds have proliferated. Most of these (if not all) are scams. They all offer the investor the opportunity to have his Forex trades managed by highly-skilled Forex traders who can offer outstanding market returns in return for a share of the profits.

The problem is, this "management" offer requires the investor to give up control over his money and to hand it to someone he knows little about other than the hyped-up and often a completely false record of success available on the scammer's website and brochures.

The investor, however, may end up getting nothing, while the scammer uses investors' funds to buy yachts and private islands!

A good rule of thumb in the Forex market, as with other investments, is that if it sounds almost too good to be true -- annual returns of more than 100 percent, for example -- it almost certainly is.

Although the Forex market is not entirely unregulated, it has no central regulating authority. The Forex spot market is completely unregulated and accounts for the majority of trades. Unsurprisingly, some Forex brokers do not deal fairly with their customers and, in some instances, defraud them.

There are two ways of avoiding bad brokers. Before engaging a Forex broker, look the brokerage up on a website that identifies dishonest Forex brokers. Better yet, trade with a broker that also handles other stock market trades and is subject to SEC and FINRA oversight. While the Forex trade itself may be unregulated, no broker subject to such oversight would risk its license by defrauding Forex customers.

Forex Market Watch - Avoid Foreign Exchange Trading Scams and Frauds.

Are you interested in forex trading and want to learn more about forex scam, commodity fraud, and other investment scams or just interested in reading those spectacular stories? Then ForexFraud is the right place for you! Read about expert advisor software frauds, forex broker scams, managed account HYIP frauds, Ponzi schemes and signal generator scams. A great way to start is our extensive article on different types of scams and what to consider to prevent forex and commodity fraud.

Also check out: FxExplained. co. uk is a new UK based forex trading website focused on analyses and learning material. They offer a great overview of forex broker regulators among other things.

ForexFraud provides a great deal of excellent resources in the Forex Articles section, the Learn Forex Beginner Course and the Popular Articles to the right. We also have compiled a list of trusted forex brokers for you to choose from. Our aim is to satisfy every forex trading need.

Featured Broker.

Plus500 is an CFD Service. They are well regulated by FCA, CySEC, ASIC and others (see full review for details) You do not own or have any rights to the underlying assets.

With Plus500 you can trade CFDs on Forex, commodities, cryptocurrensies, stocks, indexes, ETFs.

Plus500 makes a good choice for non-U. S. traders with an easy to use trading platform which offers multi asset trading capability. New traders can take advantage of the unlimited time to use the demo account, while seasoned traders can take advantage of tight dealing spreads and the generous bonuses offered when initially funding the account. Also, the Plus500 trading platform offers traders the possibility of integrating their trades in other financial markets, all on one screen. Overall, Plus500 makes an excellent choice for an online broker.

Read more about it in our Review of Plus500.

Trading foreign exchange on margin poses a high risk level and it may not be fitting for all types of investors. The elevated degree of leverage can cause positive and negative outcomes.

FAQ: People are Asking.

Newest Articles.

Popular Articles.

Cryptocurrency Trading.

Bitcoin, Ethereum, Litecoin, Montero and Ripple. Find out which brokers offer trading in cryptocurrencies. How cryptocurrencies work and possible scams to watch out for.

Recent hype over Bitcoin valuations has attracted a hoard of scammers.

The latest craze in bloated stock price valuations revolves about crypto-currency contenders, both Bitcoin and its competitive rival, Ethereum. Wherever financial hype reigns, accompanied by a severe lack of due diligence, scams will always proliferate.

Forex Trading Tips - 20 things you need to know to be a successful trader.

Forex has caused large losses to many inexperienced and undisciplined traders over the years. You need not be one of the losers. Here are twenty forex trading tips that you can use to avoid disasters and maximize your potential in the currency exchange market.

We get a lot of questions on how to get started in the field of forex trading so we decided to publish this short course for those just getting started that want to learn how to trade forex. Start the forex trading course.

Further Information on Forex Scams & Frauds.

Forex fraud is a growing problem. It can be found everywhere from boiler room scam artist's, to some guy you met at the coffee shop the other day, even past trusted brokers and executives have been involved in forex scams. The most common victims are the one's who think it will never happen to them. Though there is no guaranteed way to avoid forex fraud, it is possible to trade, minimize the chance of becoming a victim of a forex scam, and prosper in the forex market providing you remain diligent and alert in every decision you make. Don't let your hard earned dollars become an easy profit for some forex scam artist, make sure any person you choose to do business with is duly regulated in the country they operate from.

Other Popular Articles.

New Broker? Avoid Scams & Maximize Profits.

A complete guide on how to choose a forex broker. This in-depth article lists all the things you should know to help find a reliable broker. Avoid scams and don't pay too much!

Forex HYIP programs - the tell tale signs of a forex scam.

High yield investment programs or HYIP is when the con artist and his affiliates defraud investors through promises of return on investment as high as 80 percent per day.

Forex Broker Reviews and Ratings.

As in most other kinds of businesses, there are plenty of scams and frauds being committed in the forex market. Most law enforcement agencies, as well as regulatory agencies, know all about these frauds and their origin. But remember only by making contact with all the persons connected with the scam or fraud will you be able to obtain results.

A steep rise in forex scams and frauds has been seen in the last few years. Forex market traders would always beware of the investment frauds or scams by people in the organizations that sell foreign currencies, as well as brokers dealing in commodities who make tall claims that clients can literally earn cool amount without taking much risk. If that sounds like a false promise -- that's probably what it is.

In America, United States Commodity Futures Trading Commission (CFTC) is the federal agency which regulates trading in commodity futures, forex currency, as well as options contracts. It acts against companies it suspects to be selling forex currency in a fraudulent or illegal manner.

Ways in which you can be defrauded:

Stop Hunting/Running That's Immoral: Forex brokers always advice on proof-less fact that you will hardly face any stop running in this market. This fabrication is the boldest and biggest claim of them. In fact the truth of the matter is that there exists much more forex stop running than there is in futures. The stop running in this market is possibly the same as in the equity markets.

Suspicious spike: Sometimes, on the chart of a broker, there's very fast increase in candlestick when there's nothing taking place on another's chart. Indicator like stop-loss is prompted mainly to give indication of that dubious spike.

You'll be banned for winning too much: You must have heard that winning frequently in forex can cause you to be banned. Win too much and be barred in Forex, you may ask yourself. But it's true.

Leaning: Brokers claim they charge you a three-pip layout when trading the well-known pair of currencies. But the pips they are making may run into double digit figures, for example 10 or even more. He skews the price to do this. As you are not conducting your trading at an exchange, your broker can proffer you any price he wishes to.

Skewing quotation of prices: Commonly, brokers in the forex market lean prices. The broker is capable of just giving you the currency price as quoted by the bank he uses to trade. Different banks have different currency pricing structures. You will never get to know what the true real price is, in the absence of a central exchange where all prices flow through.