Currenex Review

FPA has claimed that Currenex- a well known broker as well as patent one- is not from the best brokers to choose it for performing Forex Trading.
As John Francis has claimed:

"I opened up an account with them a while ago. I have been previously making money using Oanda on News trades. When Oanda's spreads went through the roof I decided it was time to put my main trading on currenex. It is very dangerous. If you hit buy or sell just a couple of milliseconds after the number you might be at the top of the spike and you will lose. They are NOTHING like oanda. yes spreads are lower, but you have to wait until someone actually takes your order. Hope this helps"

REFCO Review

REFCO- a big brokerage firm- has been assaulted by FPA as well as many other good brokers.
But what more amazing here is that this time Felix Homogratus, the owner of FPA, is making a bad review by himself claiming that REFCO is scam:

"Okay, I never used Refco, but with the amount of bad publicity it got, I couldn't ignore it without putting it in the SCAM section. You probably already know what I am about to say, but from what I know, Refco used to be the biggest Forex Brokerage in the world, and they did some gray activity with people's money. They traded against their people's account, which most brokers still do by the way, but Refco was really bad to their profitable traders, putting their accounts on "manual execution" and pissing everybody off to the degree that people would quit. It seems like all refco wanted was beginner traders that would piss their money away, and Refco would make all that money. I also heard that the founder of Refco was charged with a number of criminal charges, and either went to jail or turned bankrupt or both. Also, the straw that broke the camel's back was an instance when Refco froze every single account of their clients, and didn't let them withdraw money for a while, claiming that they were investigating some fraud, but in reality they were just using people's money for some short term shady operations. After some really bad publicity for Refco, it came out with a new company, which is FXCM. Supposedly now FXCM is separate from Refco, and it simply bought a lot of Refco's assets. I personally used FXCM and my experience with them was fine. I don't think their affiliation with Refco should matter much. Anyway, that's the rumors and news that I heard about Refco, I may be wrong on a few things there, but would love to hear from some people who truly had accounts with them."

Xpresstrade Review

Though there are many traders recommend Xpresstrade as a good broker to trade with, FPA still insisting in attacking it.
There are many bad reviews there, such as that submitted by Steve from North California:

"I wish I found this site before opening account with Xpresstrade. After reviewing many online futures brokers I decided on Xpresstrade because of the quality they purport and tops in industry and how quickly they replied to my many questions prior to me wiring funds to open an account.. Understand I have traded futures contracts since late 1980's so have some idea about markets, securities laws, affects and such to markets including research & analysis. I also currently manage a private stock portfolio of my own and do well executing those trades through another online firm. However, many of the negative points I read on here I have to support myself sadly. For the time I have been with Xpresstrade, I have noticed what seemed like "reasons to cause me losses or them commissions" and kept it in back of my head a while now. NO more. In the few months I have tried them opening an account with $10K of my funds, I have repeatedly found glitches occuring with their web base system that they blame on everything but themselves. One day I was literally frozen and could do nothing with their system and lost $thousands on a move. They blamed our phone/DSL system so we had Embarq here to check everything and found no problems, but told us it was the web based platform we were using for our business with Xpresstrade. Another situation has seen very, very bad fills from seemingly stable and quiet markets and as if we were set back a point of so to their benefit and not the trader's? There was situations when we had trailing stops in place and their system showed movement and the stops ratcheting, etc. Then about 15 minutes later their system showed all different numbers and prices which made no sense and my trail stop not activating for about 18cents out of favor in a corn market?? Contacting them, they blamed it on a bad tick from the floor broker and said they had to reset their systems and took my profits away from that trade (which we ran copies of the screen, etc off to have). Other instances the screen would seemingly flash before your eyes and cause you to sign off and re-sign on again which causes delays and losses, and contacting Xpresstrade, they told me they had to reboot their systems and I question why not after hours? Many times we have witnessed screens freezing, news stories very late and useless to utilize too. Many times the supposed instant quote screen lags and delays up to 30 minutes we have experienced also which does nobody any good basing trade decisions. I utilized trading as I used to do through my previous broker directly, versus using this web based platform, but I tell you, I am not happy with how Xpresstrade has performed as it seems almost "weighted" in their favor for commisssions, but of course, that would be very illegal if found to be true. It almost seems when you really need to rely on their platform to perform, it simply does not or lags or slows down and you get screwed. It took me 15 minutes to get a market order fill today in a simple grain market that was doing nothing out of the ordinary. I have also found troubles with limit orders on some options we tried to get, and are forced to take them at market to get the option, but prices costly."

TradeStation Review

TradeStation appears among great brokers in Forex Market, which has been assaulted by FPA in their reviews.
For Jason from New York has claimed:

"They are a den of thieves. Allow to me explain. (preface - TradeStation as a charting/system development package is fine. I also hear their futures and equities trading is ok too.) As far as FX trading is concerned, avoid them at all costs. First & foremost, they outsource FX trading to Gain, which utilizes a hybrid dealing desk. "Hybrid" in the sense that the spread is controlled, they are not an ECN. Spreads are tighter than other dealing desks, but not as tight as ECNs. Since they're charging the same commission as other ECNs, the spreads should be competitive. They are NOT competitive. Now for the real kicker, TradeStation adds 0.5 pip to Gain's spread at all times to all currency pairs (except eur/usd, they add 0.3 pip). You can download the Gain demo and run it simultaneously side-by-side to compare. **TradeStation has the audacity to steal a pip from their clients per r/t trade.** This has been confirmed from multiple sources at TradeStation, the extra pip goes to them. For this "service" they have the audacity of charging an ECN commission. What a joke... Keep in mind Gain's spreads, while tight, do not compare with other retail ECNs (InteractiveBrokers, MBT/EFX, etc). You're effectively paying a commission for a higher spread at Gain, then paying an extra pip to TradeStation! On top of this, they rob you of any interest on idle funds. Inactive funds receive 0% interest. Absolutely ridiculous... To reiterate, TradeStation's FX offerings are a joke compared to reputable ECN brokers. The extra pip they take is blatant robbery. 0% interest just adds to the disgrace. Avoid at all costs. Use an ECN broker."

Spacevision Review

Spacevision is one of the best brokers in Forex Market and it still maintains its positions among traders. But FPA continues to include it in their bad reviews.
As Didier from France has claimed:

"Please just avoid them if you want to make you some good. As soon as they saw that I was making money I got slippages or requotes on almost all my trades. And withdrawing my money was a very painfull experience. It took me more than 3 weeks of daily pressure (emails, phone calls ...) to get it back. And by the way, they increase the margin requirements during weekends, from 100:1 to 2:1 !!!!! (you won't see it on their website). These people are just thieves."

Forex.ch Review

As we used to from FPA, who pretend showing the fact of brokers, there are alot of bad reviews concerning Forex.ch as a kind of advice.
For Jamal from Israel has claimed that:

"I was looking for a broker with smaller spread and i was very delighted to find this forex company, The demo seemed 2 to work fine userfriendly and i didn't hesitate to start with 67,000 dollars. I turned 300 $ US to 12,000 $ Us in a period of 2 months in a different broker. but the pips is what made me look for another company. However Forex CH real account is not even remotly close to the DEMO account, I was shocked, i lost 14,000 $ when i was in profit of 8,000 but for some reason i couldnt close the positions opened (i have screen shots) that i sent them. I tried contacting customer support while the movment in the the market started to shift, but i was still in profit. I was unable to get any asisstance for 2 hours, only when i was loosing in my position i was able to close/open positions. They indeed tell you they take 2 pips on each trade.which is completly irrelevant if they never give the market pricess and never execute your orders on time. I closed my account after that incident. i indeed lost 14k that night,i went back to my old broker. they take 5 pips but at least wt you see is what you get with them ."

Synthesis Bank Review

Being once a good broker you must be attacked by Forex Peace Army bad reviews. Synthesis Bank like many others has undergone this assault.
As Max from Europe has claimed:

"Probably that once it was the good broker???!!! However, after they were sold to one of main Scammer in this market "Saxobank" they began to use the same methods of struggle against successful traders. These Thieves later some hours have changed the price of opening of my transaction more than on 30 pips and at all have not sent me any message. When I have addressed to them, they have informed me about the "wrong" prices and have referred to some Items in the contract. Their contract is the license for arbitrariness from their party! Under this contract they can make with you all that will want! To change transactions or completely to cancel! Be careful of these swindlers and do not test destiny!!!"

ABN Amro Review

As a patent and successful broker like ABN Amro, it has been bared down upon by FPA.
One of their bad reviews is that claimed by Jacco from Vienna:

"worst broker ever even compared to oanda be prepared for shitty taxes, 3-5 sekonds orderdelay, huge spreads when news are comming in and the worst: sometimes during volatile periods their server is down sometimes for several hours that means your stops or take profit will not be executed during that breakdown sometimes this means the margincall will f*** u no chance to reach them on the phone its like u gamble with the devil i have other brokers to hedge the position if they have a breakdown they have often broken charts due to technical problems their pivots suck and the charts are from the stoneage only useful to trade dax and ftse because of the cheap 1 pip spread but the fact that they are very often down (even in nonvolatile times) makes this plattform for shortterm traders a gamble imagine u want to scalp the dax for example for some pips and suddenly they are off u are caught in your position without a stop even if u set one. last time i traded the S&P500 i entered the market at 21:15 european time suddenly the the server said good bye and i couldnt trade till next day at midday so the server was down for about 14!!!! hours nobody can tell me it takes so long to fix the problem. if there are misstrades forget to hope that u will ever get back the money they will not even write back if u send a complain email. lol and compare once oanda with abnmarketindex allthough u would think oanda provides abn the plattform that they have the same taxes they dont oanda has much better and precise taxes. they have in the same underlying sometimes a 3-5 pips difference just compare and u will find it out. cheers"

Delta Stock Review

Normally as a good broker, Delta Stock has been swept away by FPA bad reviews.
One of many bad reviews claimed by RK from Japan:

"wtf, it crossed my takeprofit 5 or 6 times and then it FINALLY automatically tookprofit. u know what im saying? 1 bought at 102.35 and set takeprofit at 102.20 and the price goes to like 102.16 and still doesnt takeprofit and crosses back and forth and then suddenly it decides to liquidate. actually same happened with the stoploss but it only crossed back and forths a couple of times before liquidation Updated 2008-04-11 well you have to be kidding, the company's software installed something strange on my computer and now its killed my computer. never trust eastern europeans..."

Capital Spreads Review

Capital Spreads has been under attack by FPA as well as many other patent brokers.
There are many bad reviews about this broker, such as that submitted by Kazak from London:

"These guys are just below average. There software and computer infrastructure is extremely inferior this leads to regular freezes of the platform. Speed of execution is very poor leaving you out of the spike and at times the retracement. On Sunday nights they open anything between 0000hrs and 0200hrs GMT and there is no customer support or dealing desk from 0700-2130 GMT. God help you if you get a platform freeze on the wrong side of your trade!!! When there is the support they are helpful and friendly. Capital Spreads are a spread betting company whose heart is in the right place and whom it is possible to make money with but they need to tighten-up on their game."

DBFX Review

DBFX's, one of the best brokers, review has been gone down by FPA. For if you go for DBFX reviews there in FPA, you can see many bad reviews about this broker.
For Vicki from USA has submitted that:

"When I first found that "Deutsche Bank" had a trading platform I was really excited. Well known, sound, trustworthy. Well what I got was FXCM, extremely disappointed. I would think that DB would have done some research in FXCM and easily discovered they are not completely honest with their customers, or at best lets give them the benefit of the doubt and say they are honest, then the alternative is their platform sucks and is filled with gliches. Why would DB get any where near them or even allow the appearance they are somehow invovled with one another? I was really hoping for something great but what they are offering is just more of the same. Too bad DB could have done this right. I'm going to give one star because the choice below that is scam , I dont plan on finding out if they are scamming or not, they lost my business right after I downloaded their platform."

One World Forex Review

As usual FPA has nothing to charge brokers with except of being scam, and they have charged One World Forex with being big scam, which is not strange about FPA.
As Davo from Australia claimed that:

"How can this broker be rated 2 stars - they were a scam and have gone out of business without returning any clients money!!! The website has disapeared, they don't reply to emails - they are gone. I am lucky that thanks to Felix circulating that note last year showing broker assets and advising that the NFA was increasing asset requirement, I withdrew most of my funds straight away and got most of my money out. The first I knew that the company had closed up was when the trading platform would not work. In the months since, their has not been a single note advising of what has happened to all of the clients money?"

ODL Securities Review

ODL Securities has a great deal of popularity among Forex traders. And FPA doesn't leave it for its own.
Mike from USA has claimed that:

"Big Time scam. They will cancel your trades and close your account if you try to trade news. Not to mention allways requoting you the rest of the time. No wonder they have so many cases against them with the NFA. Beware of this broker!" And Jenny from England has agreed with Mike: "ODL will cancel your trades if they want and send you back your deposit. My trades were canceled, E4,000 in total. SCAM."

COESfx Review

There are many fake reviews in FPA concerning many brokers like COESfx, which is well recommended by traders.
A bad review has been submitted by anonymous from USA:

"COESfx is blowing smoke op everyone’s “donkey”. With The MT4 they are trying to promote MT4 isn’t even theirs or dose it executes into their ECN!! Not though Mini’s nor normal accounts. I know this because we were asked to evaluate MT4/Coesfx API a couple months back. In fact it’s imposable to get MT4 API to execute properly into any ECN API; the infrastructures just do not work together. So Knowing to Promote MT4 into ECN especially to IB would be a home run so they came up with another scheme to offer it anyway. What they do is pretty simple yet very convincing. Thay use a cfgtrader white labeled MT4 (thay admit this with mini’s to throw users off) they run their ECN feeds into the MT4 server (that’s why when comparing COESfx MT4 to CoesFX ECN demo’s they are the same prices) but the execution side ( your trade) is not routed into CoesFX ECN, instead it’s routed to a retail dealing desk cfgtrader who owns the MT4 server. Now this is not a crime but it’s defiantly misleading, thought we should let all know what you’re getting into, I hate when firms try misleading us. It’s rather simple to verify this; just ask the COESfx rep for a MT4 demo and a corresponding CoesFX in-house platform demo, if MT4 is truly placing orders into CoesFX ECN you will see trades corresponding into their in-house platform, if not the trades are not executing into the ECN their going somewhere else 2006-09-13 update As predicted the guys (COESfx reps) over at Forexfactory.com are attempting to discredit all clams that COESfx-MT4 is nothing but a sham. All they needed to do to prove roomers wrong are producing a COESfx in house platform that mirrors MT4 but because they can’t, thay try dismissing roomers as planted by compactors. Come on guys put-up or shot up. Another way to verify their MT4’s going to a bucket-shop, get your hands on a COESfx demo (I’m sure you can find one from a trading buddy, COESfx reps where giving them out like candy la couple week ago, I’m sure thay will stop hading out when thay read this) I got one from one of the reps who was more then happy to email me and confirm over the phone that in fact it was a demo of their real COESfx feeds The server’s ( 209.61.206.23:443 ) and download and compeer IP’s with the demo of their bucket-shop buddies http://www.cfgtrader.com/ MT4 demo who also has an IP server’s ( 209.61.206.23:443 ) wow what a coincidence they share a server and even a bigger coincidence is they also share a principal http://www.cfgtrading.com/management.html Janjic who use to be head of sales and marketing at no other then COESfx, what a small world.. Another hint that these guys are crocked they will never talk to much vie email and prefer to spill their bullshit over the phone or undercover under made-up usernames on forums right stockwet? This way theirs no recourse if the lies they spit out are called on afterwards… You may ask yourself why would some go to this much trouble gathering all this avoidance, well I have my reasons and you will be right in back of me if you listen to them To COESfx NY office not a smart move guys, now who’s laughing Side note: Forexfactory.com trying to discredit forexbastards.com, they should start looking in the mirror sine they seem to be allowing this misleading promoting of COESfx and many other firms to go on!!! anyway im done , don't blame anyone but yourself."

TradeX Swiss AG Reviews

In order to continue FPA mission to accuse patent brokers with bad and fake allegations, they include TradeX Swiss AG in their bad business.
As Frank form Australia has claimed:

"Hi, I saw some speculation about Boston Trading and Research being the same company as Tradex Swiss AG, and I can tell you now-they are. this is my research on the matter... This company offers a managed fund: www.btrfx.com They dont have any names on the website but i can tell you now its run by Craig Karlis. If that name rings a bell its because he used to run Tradex Swiss AG, who were banned from the NFA after they lost $5million of client money while being investigated for practicing unlicensed. This is the link to a brochure on an Arabic website which shows that Boston Tradex and Tradex Swiss are the same company with a new name: http://btrfxarabia.com/BTR_BROCHURE.pdf This is a link to one of the old tradex websites: http://www.tradexindo.com/aboutus.htm If you compare the names on the BTR brochure with those on the Swiss Tradex site you will see the connection between the 2 companies. Now contrast this connection with a statement made by Mr. Karlis in a press release: "there are absolutely no direct or indirect relationship between Tradex Swiss AG and Boston Trading and Research LLC." - 29 August 2007. (Craig Karlis) I'm sorry but it actually angers me that these people are deceiving people to stay in business. Someone I know is an IB for them and when he advertises their services he completely omits the fact that BTR used to be Tradex. The worst part is no one is aware of this connection and as a result, BTR has managed to raise a large amount of capital, currently in their fund, without even being NFA approved. They claim to be getting NFA approved sometime soon, but I don't see that happening legitimately. So be warned."

I-Trade FX Review

Another scam alert FPA has done to accuse I-Trade FX with, in order to continue their mission.
As QPX from Florida has claimed:

"5 stars removed - Current employees are not permitted to rate their own companies I will preface this by saying that I have worked/am working with I-Trade FX. Hopefully, they don't mind. 2 separate reviews seem to have confused MTI with I-Trade FX. They're sister companies, but they are not the same company. MTI does education and charting, I-Trade FX is merely the broker. They're run by different people - and are run separately. The post by the guy who was supposedly "touring" the company sounds suspiciously like a former employee. Regardless of his opinion, I have never seen the president "sitting in daddy's office with an attitude like hes a God or something". He's a very bright individual who is very hands on within the company. I have seen him on the phone with clients as needed. How many times at another company will you get the president on the phone with a client? All of the I-Trade brokers are licensed brokers - and they're all easily reached on the phone. Compare that to other brokerages, where you're often talking to an unlicensed salesperson who only knows the platform and that's it. Many of the people in this company have worked for a variety of financial firms and investment houses - and in most of those cases, that information would NOT be on the NFA website. I, for example, worked for five years for a major investment company, but that wouldn't be on the NFA website if you looked me up in BASIC. Everyone at I-Trade FX is hard working, their spreads are competitive, and I never saw anyone try to cheat any client. We had a number of hard working individuals who did their utmost to learn all they could about trading and the markets so they could best help their clients. It's a newer brokerage, so things are always changing, but I feel confident they will continue to be a major player in the future. If you have issue with my review, I would request your specific complaint - and keep in mind that a lot of the complaints on this page about charting refer to MTI, not I-Trade FX."

Windsor Brokers Review

There is also a scam alert by FPA concerning Windsor Brokers, which is actually one of the greatest brokers.
Yazan from Syria claimed that:

"I have been trading with them for 3 years. After my accounts got really big and was adding profit aproximately every month by a special technique, they were waiting for me to enter the market on the nonfarm payroll news as I usally do. As I did they froze our trading screens and gave us a slippage of 90 pips!!!! And after they gave me the slippage they refused to close the positions they forcefully gave us by requote and offtrade!! Till all our accounts were sucked dry! Their only reply was that the bank couldnt cover our trades because it was volatile!!! Please we all know that our accounts were'nt covered from the first day we entered its a scam!"

CFG Trader Review

As for many other patent brokers have been misjudged for no reason but out of evil nature of FPA, CFG Trader has been inserted in FPA circle of terror.
There are many bad reviews such as that done by TL from Utah:

"CFG Trader was worse than evil. I am glad to see them go. I hope the rest of CFG goes out of business for good." Also there is another one by pipsurfer from Florida: "Had an account with CFG trader, opened the account on a ZERO pip offer (sounds almost to good to be true?).... I did two trade with them and was executed at 6pips on each. called the broker and asked why, he said that if i was given zero pips, everyone would scalp the market. I immediately got the withdrawl papers and sent them in on sunday nite... to only find in my mailbox monday morning that NFA had frozen all accounts... IT looks like this broker has gotten a Margin Call big time... After a month of waiting, the courts agreed to sell all the accounts to another company called I-Trade FX, and this company later refunded my money completely... I went back to my old broker and was glad to pay the extra pips for staying in business... What timing eh?"

Forex Swiss Review

It is clear that FPA has nothing to charge brokers with except being scam. Like what they have done with Forex Swiss, a well known broker.
Ali Y from USA has claimed that:

"These people are professional scammers not their customer service is bad they dont even have customer service they have a machine that tells you we received your email but never reply they scam you on opening and closing orders so your spread ends up to be around 6 or 7 pips and if you have a position making about 40 pips when you decide to close out of it you will be lucky if you get 25 out of those pips dont make my mistake and go with these guys they are pro scammers."

FINEX Group Review

Danger can easily reach any body especially if he is successful, because there are always enemies fighting success, like FPA fighting patent brokers such as FINEX Group.
Teun from Belgium submitted:

"Stay away from finex. I had accounts running with several brokers. all running on the same strategy. Finex suddenly made a huge loss in September. While the other brokers continued making profit. Margin call the claimed, while a margin should have happened on the other accounts with different brokers also. Finex does some weird stuff, and its sure as hell ain't legit. If you like to keep your money stay away from them because sooner or later they take off with it."

IG Markets Review

To follow FPA fake reviews there are many bad reviews concerning IG Markets, which is a great broker.
Bullrock form London claims that:

"I have lost a fortune with these people when I was a novice. Then I have decided to come back with and have deposited certain amount. When I have made over 40% a week with very aggressive dealing I started to have problems. #1 When I wanted to close my position more and more frequently the close ticket started to freeze or said wa are dealing with your request. In the beginning was very quick. Then sometimes it took 5-10 seconds or more. #2 They platform started to freeze more and more frequently and I started to have other problems like I wanted to close the position and the order window disappeared. I had to reloging from a different machine to actually able to close the position. #3 The price sometimes was jumping without trace 20-30 pips in quick markets. Because I have two other charting software and platforms open they could not trap me. And before the price moved quickly down - what was the case in reality - they have had a weird spike upwards that I could not see on other platforms. They could not trap me again as I rarely use stop losses physically. So I do not enter such thing. #4 When they started to realise that I am a guy who they cannot trap easily I started to have problems with the platform. Refer to #1 and #2. These people are real market makers that is their interest is against your interest."

LiteForex Review

LiteForex succeeded in establishing its position among great brokers in Forex Market. However, it has not been left safe by Forex Peace Army, for has been reviewed as a bad broker.
Here is one of these reviews submitted by John Olusola from Nigeria:

"This broker is a SCAM and THIEF,I placed an order on Wed 19th March 2008 in which made 156 PIPS PROFIT but to my greatest suprise when closed the trade they refused to add my profit to my balance they robbed me of my 156 PIPS.I had withdrawn my deposit with this THIEF CALLED LITEFOREX, I'm using this medium to appeal to my fellow FOREX TRADERS in NIGERIA to quickly withdraw their DEPOSITS with this THIEF before they fall VICTIMS"

MoneyForex Review

FPA is not satisfied with this large number of victims to accuse them of being scammers, but it continues to include MoneyForex, one of many great brokers.
And here is one of their bad reviews done by Joe from USA:

"They deducted my account and took my money away when I submitted a withdrawal request. They said during my profitable trades, their system was not updating prices correctly and cancel my trades over two weeks ago. My losing trades were not cancelled. They basically denied my withdrawal request and took my money away. They robbed me. They are based in london so you can't complain to the SEC or have any legal actions on them in the US. Be careful. The quotes they put up on the software and the actual prices you get on trades are worse. Always get worse prices than what you see on the software. This is Oct, 2007. They are scammers from london"

Neuimex Review

There are non stop bad reviews done by Forex Peace Army and it continues to include one of the greatest brokers, Neuimex.
One of their bad reviews is that done by Neuimex Client from Europe:

"The company is dead... and have been liquidated. Neuimex was keeping and telling to its client that they could not trade any more on their acccount because of audit and this during 3 months !!! Neuimex people were not respectful of their clients and company has been liquidated..... All client found their account closed and should fill up informationr regarding their assets. So to be honest ... i think neuimex direct dealing will keep chasing money from clients ....so be very careful"

Alpari Review

Forex Peace Army continues its allegations including Alpari, one of the greatest brokers hereafter.
There is this bad review done by Legrand from Canada:

"Simply to descibe what I experienced: 1, Slow execution, even in quiet market; 2, Stop-loss or Entry order will NOT be respected during news release or whatever gapping situation! I had order filled higher than my buy order and was stopped out at much lower price below my SL. I asked them for this, they simply explained that was due to slippage and spread; 3, Almost no valueble news or analysis."

Velocity4x.com Review

Among great number of Brokers there appears Velocity4x, and because it is a good broker it has been attacked by Forex Peace Army through their bad reviews.
For Russ Field from Canada claimed that:

"rating removed As an IB we have been with Velocity4x since our switch from another broker with a seven digit managed account. The only challenge we have had with Velocity4x came this summer 07 when they had a major challenge with Metatrader software due to server upgrades. During this period their executive as well as CSR staff did their best to accomodate our traders until a viable solution was found. Not once have I heard from our traders of any spikes, re quotes that are basically challenges that occur when traders use a strategy or methodology close to news announcements or for scalping. Looking at the comments below or many of the comments that are poor are likely situations that have transpired during scalping strategies or news announcements. This is a very tough way to trade as institutions as well as hedge funds have the opportunity to make waste of most in the market who play these strategies, its just a matter of time. I have seen many people burn out due to scalping techniques over the last four years, please be careful when trading with those types of strategies and make sure you find a broker that likes to deal with your specific trading strategy no matter what it is, ask the right questions(good luck for news traders and scalpers). Most retail traders who do not have a large clientelle will not understand what Velocity4x did when the NFA started their audits earlier in 2007. Instead of running like many other FDM's Velocity4x was one of the first companies in the USA who chose to rid themselves of all Non Member IB's. This was a large step for the FOREX industry as it needs to be cleaned up from unscrupulous marketers and hopefully with the new systems employed by the NFA, the FDM's will start to gravitate towards better customer service as well as trade less on the 'other' side and send more volume straight into the interbanking marketplace. The industry is changing remarkably fast and the choices each of you have in the next 12 months of who you do business with (FDM) is going to significantly decrease. Velocity4x response to the recent FXLQ debacle has been short of a miracle. Let's hope that their same care that transcended for their clients over the last year continues (length of our relationship with V4x)to happen as they work with GAIN."

And so many other fake reviews are found there in their website.

Dukascopy.com Review

Eyes of evil always observe the good to destroy it. And we have here among the good Dukascopy, which is one of the greatest brokers. Dukascopy has been attacked by FPA by submitting bad reviews about it. Like that done by P.W from Switzerland:

"They will never filed your order during news time, you will have this message: "not enough liquidity" And If by miracle they filed you, will be slipped 15 pips on a 16 pips move. Good luck!" And to assure this accusation here comes Rip Snorten leather chewen cow eyed spitten mad from Canada to support P.W claiming that: "In one week I had three problems with there platform. One trade mysteriously closed on it's own. They did not correct the problem! One time while in a trade my account balance shot up about two and a half thousand dollars for about half an hour, then came back down. There pip spreads are wider sometimes compared to other ECN's. I am now closeing my account. Over all not a Happy experiance. Beware and take care."

MIG FX.Ch Review

Scam alerts are continued by FPA to include MIG Investments Forex.
many of which claiming it is a scam, like that reviewed by John from Canada:

"Big time Scam.. Got sucked with them with almost 25000. Everyone be careful.. Big time scammers .!!!" Also Ellil from aleppo supporting John saying that: "I dealt with them and new them. the owner made his core business from the hard earned money of Aleppo clients. wwwwooooosssshhhhhh now he owns a swiss company, what a joke? always had a soft spot for non regulated regions." There appears a big game here!!

FXOpen.com (FXEgypt) Review

Forex Peace Army bad business continue to include FXOpen.com, which is also from the best brokers in FOREX Market.
One of their bad reviews done by Lawson from Nigeria:

"Scaaaaaaaaaaaaammmmmmmmmmeeeeeeeeerrrrrrrrs.They stole 7,000dols from my account.The account wa deleted from their system and sfter series of accusations,they stop answering me.Beware of them..........I know forex is a risk inv" Another by Gilles Dine from Canada: "They are scammers! Be awar. I talked to representative and they cannot answer special questions about accreditation and they are not affiliated to any respectable regulatory bodies." But what if there are evidences for these fake accusations.

Crown Forex Review

In a subtle way, there is no need to introduce such a famous yet great broker known as Crown Forex.Yet Forex Peace Army introduces it but in a harmful way through bad reviews, such as that reviewed by Wale Desmonde from Nigeria:

"Greatest soildiers!!! let me use this opportunity to tell the whole world that this crown forex is not a sincere and honest broker. having read many views of recruits,I was thinking whether it is an overstatement not untill last week when I realised that crown FX prevented me from entering the market at favourable time. moreover, a particular proportion of my money was taken away. also my take profit and stop loss values were canceled therefore preventing my profit from being automatically added to my equity until it ran to loss again. the most painful thing is that I opened a transaction last wednesday and make profit then close the transaction, but the profit wasnot added to my account. with this features, I say with all boldness that crown forex is dubious and fraudulent...BEWARE!!! All intending traders."

GCI Trading.com Review

GCI Trading is one of the best brokers in FOREX Market and a recommended one too. But it is also one of FPA illusionary scammers.
There are many bad reviews there like that reviewed by aayub from India:

"GCI is a scam broker. They offer attractive rollover/cost of carry rates for some Forex pairs, then claim there was a technical error and make an adjustment to your account. They also ignore your e-mails/message when you question the charges." Strong accusations always have strong proofs but what is going here is just chitchat!

AleccohFX.com Review

Forex Peace Army keeps arguing and claiming their bad reviews about great brokers, one of many victims is AleccohFX.com.
As being reviewed by Monty from Australia:

"I had completed the opening a/c process, n waited for their funding instructions before Feb.08 and never received such funding instructions despite their claim to uptrade their server. It appears that they have ceased operation, as I saw the platform of spacevision now under reconstruction, and Aleccohfx was probably their instroducing broker, using their platform. I feel very lucky not remitting any money to them. I would strongly advise any one to forget about them for opening any a/c with them. The general overall rating of 4 stars appearing on this website should be cut off now."

RFXT.com (Ikon- Royal) Review

Again and again FPA continues submitting its bad reviews and it includes one of the biggest yet greatest brokers, RFXT (Ikon- Royal).
Among many of FPA bad reviews there is that done by eric from USA:

"

a scam. definitely go elsewhere, fast. they started out reasonably good but with many requotes and platform problems - like being unable to get out of a trade when it goes against you (never the other way around), so you helplessly watch your account drain. when i called them, they always said that no one else was having that problem. apparently, they made a special MT4 platform just for me. then they would tell me to redownload the platform. when they could not meet the recent capital increase, they sold to ikon. ikon proceeded to milk the customer base to steal the accounts. they did this by flipping a switch on the mt4 platform dealing desk that allows the spread to vary by wild amounts. prior to ikon this did not happen. almost immediately after ikon bought royal it started. search the internet for the clock_v1_2 indicator. it will show your spread in real time. watch how it jumps around avery half second. i once saw it jump 54 pips! as soon as that happened i closed my account. with such wild spreads i did not trust ikon/royal to place a market order, much less a pending order. ikon/royal is a scam. i doubt that any of the current positive reviews are real."

North Finance Review

Forex Peace Army (FPA) continues its activity in accusing patent brokers of being scams. Their allegations continue to include North Finance, and one of their bad reviews is that done by Iheoma from Nigeria:

"This people are a scam dont let nayone deceive you. I and my mum decided to use this broker since October last year. they took our money but didn't fund the account until january this year and didn't activate the account until last week. now we want our money back and they are not responding to our emails.Please flee from these people" Ongoing scam alerts with no evidence nor purpose, but only for the sake of abusing their reputation.

Marketiva.com Review

Many bad reviews concerning Marketiva.com-one of the best brokers- in Forex Peace Army website. One of many is that reviewed by User from Swiss:

"

- A childish plattform, very instabile. - Your fills are always 1-3 pips away from your price. - Uprofessionell childish service posting smilies during chating with them, also smilies in e-mails. The worst service I have ever seen. - Their charts are total trash. - A typical low-price-segement broker." All these bad signs have no proof to prove them. While still have good reviews in many other websites.

MG Forex Review

As long as there is good there is evil too. And here in Forex Market, FPA seems to represent evil!! FPA scam warning continue to reach MG Forex, which is one of the best brokers. Among their bad reviews there is that reviewed by Patel from Michigan:

"SCAM Artists. After your profits & account balance. They Liquidate trades for no reasons. Terrible rollover charges have seen upto 63%." Supporting Patel's review Isaac Iselobhor's review from Nigeria: "Before I opened live trading account with Mgforex,they appeared to be the best forex broker around.Immediately I deposited $5,000 into the account,they started manipulating the platform to dubiously take the entire money.Their greatest trick is to close out your profitable position,or refuse to allow you take profit until the market works against you.They are BUCKETSHOP forex rogues.Do not judge with demo account,you will be mislead also.All the emails sent to them were not replied to.If you use a mini account,you will never get what I mean.So,beware." On the contrary, there are alot of good reviews in many other websites like that done by djinney: "Good platform, very good execution. No freezing before the News. You can enter stops as close to the market as you want. Size increment of 10K."

InterActive Brokers.com Review

One of the best brokers in Forex Market is InterActive Brokers.com and which also has been under attack by FPA, for one of its bad reviews is that reviewed by Jet from USA:

"I have had very bad experience with them. Horrible customer service. During the application process they ask what markets I have had most experience with. I checked forex. They opened an account for me, but allowed me to only trade bonds or go long on stocks. I called them to ask them let me trade forex and/or let me short stocks (we are in a bear market atm and I can't even short !!!). They said my income is too low so they refuse to change the permissions on my account. So basically, I want to give them money and they don't want to take it from me. Really dumb on their part..." On the other hand, good reviews can be found everywhere like that done by Trade888: "Been with IB for years. Execution is instantaneous. Can place limit orders within the spread. Very advanced API and many vendors to choose from. The front end I use will place stop and TP orders upon execution of an order. It will also place staddles and bracket fade orders. One click to modify orders on a DOM. Hotkeys. One of the largest brokers (for safety). Can also trade everything at one broker in one account; futures, spot, stocks, bonds, options, international securities. Spreads are small, execution flawless."

Forex.com Review

Forex.com speaks for itself, for it is the most famous brokerage firm in Forex Market. But as a matter of fact and as we used from FPA to attack great and successful brokers, it performs its usual habit and throws Forex.com with bad allegations like that reviewed by Yousef from Canada:

"

i have been with forex.com for three years now and i will assure you that you will lose your money in a short period of time. They are professionals in scaming. They usually take your money when you go to sleep and close the platform, they know when you close your platform!!! check prices with other brokers and you will know." While there are many other reviews supporting Forex.com in other websites, such as that done by billflet: "Been with them 18 months. Fast executions and dependable spreads. Spreads higher than some but at least you know what they are. Free eSignal charts a big plus."

GFT Forex Review

Submitting the fact of the existence of both good and evil, evil cannot triumph over the good, for it is against the rules of life. One of the aspects of evil appears in the form of the pretense showing the truth, which is fake, while in fact it is a mere fake image of reality. All that appears clearly in FPA activity in creating bad reviews about brokers, like that concerning GFT Forex reviewed by James from London:

"Total bunch of scum!!!! I had an account with GFT for 6 months and as soon as I showed any kind of profit they where there to take it away with bad fills, and poor sofware. When I finaly got ****** out of all my money I complaned to the manager on the trading desk and the best excuse he could give was, and I quote "The price on the screen is not the price we can offer you" WTF!!!!! What's the point of putting the price on the screen then, you ******* moron!!!! The deal book web is a joke you can't trade with it as it doesn't move quick enough, and the deal book platform can't give fills quick enough. This company are only out to rob people, I only hope that people read these reviews fist so they don't get scammed. STAY AWAY AT ALL COSTS!!!!!" while in another website there appears GFT Forex still maintain its position, and it is clear in that review by Don Nadler: "By far the best trading platform for forex out there. One thing about sites like this when you read reviews most bad reviews come from bad traders who blame others for their bad trading. I have been with GFT for a couple of years I left after having an account there for 6 months and came right back to GFT for not only there charts, but for my broker that I work with. He is a licensed forex specialist not a customer service rep like most forex dealers have."

FXDD Review

There are many pretense accusing FXDD done by FPA, though it is considered as one of the greatest brokers in Forex Market. Many of which are searching for flaws to throw FXDD with, like that reviewed by Actual Trader from USA:

"OK an update on FXDD. Have you tried the FXDD customer service lately? .... better that you not. They are in a rush. Don't answer questions properly. I am surprised they have a customer service department. They would be better off without one. Atleast traders will know what they are getting. Closing out my account! 2008-01-30 1 Star Each time I trade with FXDDit seems like I have trouble. When you sit on the screen and don't trade FXDD seems to be a good broker. charts are great and MT4 never goes down. But when you start trading things that are hidden come to surface. In this post I would like to address SLIPPAGE. Even on very small lots... mini there is slippage of 1-2 pips on a EUR/USD pair. Keep that in mind and then you will know how FXDD will be treating you once you move (that is IF) you trade exotic pairs and/or bigger lots. That's why I have to give FXDD ONE STAR!!" Whereas at the same time there appears good reviews like that done by SOTBtrading: "I have tried several brokers and have found them to have consistant slippage or other complications. With FXDD what I click is what I get. They have always deposited and withdrawn my funds the fastest of any broker I have tried. Low spreads and MT4 makes it a good place for serious traders to end up. The spreads do widen at news times for a few moments and then normalize. To be expected, you can't jump a frieght train going 70 miles per hour without losing an arm. You're not able to place limit orders and stops very close to spreads. If their market orders were not honored then this would be a problem. I have traded with them for a few years now get what I click for price. Should be higher on the list than it is. Customer service is very knowledgable and helpful. I have had them credit my account when it was their fault and it went against me. That was once in 2 years and they credited my account the loss within a day."

Easy Forex Review

Easy Forex is one of the best brokers to trade with it. One f its good reviews reviewed by Violeta:
"It is excellent. The problem they need to solve is the delay in entering or exiting a position. Too much slippage. You loose 4 or 5 pips (every time you enter or close a position) due to lagging executions. The slippage always goes contrary to the customer. The lagging favors always easy-forex."
But as usual Easy Forex bad reviews can be found in FPA, such as that done by mohammed from dubai:

"

buyer beware! this is the grestest scam of the 21 century to disarm would be forex traders of their hard earned cash. The data are very inacurate compared to live news feeds such as CNBC NEWS, the web site freezes and it plays on the simplicity of its web site to lure new traders who dont know anything about forex trading before cheating them out of their money by provifing inacurate date. Easy forex, i'm done with you."

AC-Markets Review

There are many brokers in Forex Market that are well known to the extent that it has no need to be recommended as one of the best. But enemies always accompany success, like the habitual one known as FPA (Forex Peace Army) which wrote in one of AC-Markets review done by Bop from USA:

"

What a bunch of bandits! Thieves! After a few succesfull trades they manipulate the platform so you will be automatically 1,2,2 or 4 pips in the drain. Trade the demo and is heaven, real account loose most of your money. Warning! FIND ANOTHER BROKER!" While still the good exists for you can find many good reviews like that one done by Numeric: "Spreads are OK and they have no slippage at all! I dont know how but they guarantee stops - and that is true from what I have seen. Great free Strategist view. Clean trading interface."

CMS Forex Review

CMS Forex is amidst the highly shining brokers. Many of which recommend dealing with it as one of the best brokerage firms. You can find many good reviews about CMS Forex like that reviewed by Ok:
"Very good platform, possibility for personal trading systems, service is solid, no change spreads at news."
But logically, there are also bad reviews specifically in the specialist website in propagating bad reviews, Forex Peace Army. One of these reviews is that reviewed by Tyler Tener from Orlando claiming that:

"

Ridiculous requotes by some 10-25 pips during slow although volatile markets. Slippage during news time by 20+ pips, random ignoring of your orders (you have an entry-stop order with entry, stop and TP set up and when price reaches entry, they just delete the order and completely ignore everything). Their behavior does not comply with any CFTC/NFA rules, they're unethical and make money by stealing your profits in such an obvious way!! And here I'm talking not about mini/micro accounts, I'm talking about standard 50k+ accounts when opening positions with 10+ lots. How would you feel if your broker just stole $8000 from you by ignoring your order and taking the profits for themselves? I'm reporting this company to NFA/CFTC. Stay away, Tyler" What an interesting advice but lacking many proofs!!!

InterBank FX Review

InterBank FX is among the best brokers to experience your trading with. And many recommendations are for the favor of InterBank FX, like that one reviewed by delano:
"very stable lately... great customer service...over 2 years as a customer with LIVE account and no problems to speak of...highly recommend."
But as there are good reviews there must be bad ones, for there is none perfect, but there is this website (FPA) specialized in bad reviews, such as that one reviewed by E.D Williams III:
"they are a total ripoff beware. they have stolen over 50,000 from me hopefully i made off with most of my funds."
But where is the proof!!!

Saxo Bank Review

Bad reviews seem to be like flood that takes all things in its way, even the good and pure. And one of the almost greatest brokerage firms which has been under attack is Saxo Bank. But there is many good reviews about it like that reviewed by a group of Up Trend Company who deal with Saxo Bank and who work as introducing broker for it:
"It is a good era in Forex Market since we deal with such a great bank like Saxo Bank, excellent service accompanied by excellent trading tools. Really it is a good choice dealing with Saxo Bank."
It is normal to find bad reviews, but the strange thing is to find all reviews to be bad in the same website (Forex Peace Army)!
There is that reviewed by Magnus from Northern Europe:

"Saxo are not a bank! Get that straight first. Secondly they are after your money. Many little things happen such as very large slippage - take up the problem and nobody is there to really solve the problem but they will be nice to you! Platfrom disconnection. Also the charts are slightly delayed. Get a 15 min chart and the bar/candle actually completes after 18 minutes!!! but its still a 15 min chart? Looks like they don't want candle traders? They will tell you - charts are only indicative! Futures are very very expensive - this alone is a reason to trade through a regulated futures broker. FX they will get you in on recommendations and then dump their big bank customers orders into your hands! FX is unregulated they can do as they wish! Look around at other brokers and test their platforms for months before risking your hard earned cash!"

FXCM Review

lot of scams and accusations seem to be going on with non stop.
FXCM, one of the greatest brokers and its good will is so popular. For you can find almost all its reviews are good for its behave. Like that reviewed by Just a Guy:
"You read a lot of rubbish about fxcm, but I have never had a problem. Great cust service, decent spreads and good execution. I have set slippage to 1 pip, and 90% time get filled at order price. I'm in UK, and they seem to be very regulated, also now with new regulations. I would vouch for them, but not to trade the news."
But as usual bad reviews can be found in Forex Peace Army, like that one reviewed by Jim Johnson from California:

"

I wish to make known the dishonest practices of “FXCM”, the currency trading brokerage. I had a small “mini account” of about $500. On April 16,2008, @ about 8:50 AM EST, I shorted 1 lot GBP/USD. This trade was placed shortly after a news release, which after the usual initial volatility would have been a great short to ride down. After some upside retracement, followed by positive downside movement, which took more than 10 minutes, I placed a “stop/limit” order @ 1.97858, just above the last lower high on the minute chart. The GBP/USD was moving to the downside when I went back to bed (I live on the West coast). When I came back about 25 minutes later, my position was closed out. However, looking at the same minute chart, the GBP/USD AT NO TIME CAME CLOSE TO MY STOP/LIMIT ORDER. I called “FXCM” and the broker LIED and claimed I was stopped out 4 minutes after I entered the trade. I have asked “FXCM” for records for that day and they do not comply. Later that day, when I had cooled down, another person @ “FXCM” whose name is “Mike”, listened to me and said he would get back to me with more information. He never did. To which, I must conclude that “FXCM” is a crooked boiler room bunch of slimeballs, who have no compunction about ripping off the “little guy” trying to reach a part of the American dream. GODDAMN FXCM!!!"

Oanda Review

Concerning Oanda Broker, one of many great brokers, if you are a trader you can know that easily but if not you can know that from other traders. One of its reviews in a website for reviews done by Johnc:
"Oanda is great if you're a long-term, medium-term, or short swing trader. Scalping is frowned upon, and news trading is practically impossible. Their spreads are great (EUR/USD 0.9 pip!) and they pay interest incrementally every minute, which is great if you have a strategy to leverage strongly on high yielding currencies when they are in their uptrends (and get out on their downtrends).

Their analysis tools are great... if you can understand what they all mean :). Their charting platform is decent, though not very configurable and not as full-featured as MT4 or some others. If you're trading the daily, 3 hour, or 1 hour timeframe, especially on a smaller account, choose Oanda. Their tight spreads and appropriate risk management will keep you in the game. Ignore reviews here that talk about getting margin-called and the like... if you're leveraged so highly that a 200-pip movement gets you margin-called, of course you're gonna get screwed. That's just a lack of risk-management. If you want to make 2-5% on your account per week or per month, then you're more on track, and Oanda will suit you well. Note that making 5% per week will grow your account by 1,260% by years end. That is, you could turn a $1,000 account into $12,600. Set a reasonable goal, trade with reasonable targets and stops, and use Oanda's infinitely adjustable lot-sizes to manage risk appropriately, and you may be one of the forex traders who actually makes it."

Whereas it appears as a bad one in Forex Peace Army! And one of its bad reviews there is that reviewed by Ivan Ivanov from Bulgaria:

"

I`ve been trading with Oanda for 1 year. In the beginning I started with 600$ and everything was perfect.Two months ago I decided to put 2000$ in my account and start making the real money.And suddenly I began loosing money, a lot of money.Before a week I have read the reviews on forex review sites like goforex.com forexpeacearmy.co etc. and realized that Oanda is pure SCAM. Once you put a lot of money they will hunt your stops down. They will ruin your life. After 1 year of hope and studying the market I`m now broke. So Do not ever go on a big account with them. You can trade with them only if you trade small amounts. I mean if you scalp for 10$ or 15$ per trade. This is the only way you can take money from Oanda." Also there is that reviewed by Denis from New York where he wrote: "Oanda is a good broker when you're losing money. Your orders are executed fine. Once you start making money they'll flag you. Right now i'm slipped on almost every trade i make."

EFX Group Review

After reading many reviews concerning EFX Group, there appears many who support it and any one can find it has a good reputation among traders, as this reviewed by Moral Atheist:
"I have been using EFX now for about 8 months and so far my experience has been excellent, but like any broker they have some pros and cons:

Pros:
. Customer Service - excellent, the best I've seen from any broker. They always respond to my questions immediately.
. Spreads - They advertise tight spreads and they actually offer tight spreads, I usually always get one pip or less.
. Execution - great fills. Typically very limited slippage. (I don't trade news)
. Order Type Options - A wide range of order types are available, my favorite being the trailing stop.

Cons:
. Complicated Platform - Like most comments I've seen on other sites I do agree that for new clients their platform is difficult to use, but after a couples weeks I got the hang of it and now wouldn't trade with any other platform.
. Interest Rates - don't plan on receiving competitive rates because EFX does not offer it.
. Charting - free charting is not currently available.

End result - If you are looking for an ECN type broker and great customer service then EFX Group is it. I'm sure as time goes by they will only improve their services."

While, on the other hand, there is a complete different reviews in a website called Forex Peace Army, in which only 2 or 3 good reviews about EFX Group are hardly found. And one of many bad reviews is like that reviewed by Scott Cap from USA:

"I have been using there demo platform and it certainly does not work all that well. Often dropping trades and orders. Additional I tried to open an account with them, gave them all proper identification except I refused to give them my social security number and instead I offered my fed tax id number. They would not accept the TIN, they were very uncooperative. For privacy reasons I do not give out my SS number except to authorized government agencies. No one else is entitled to demand that number and federal banking laws do not require that you do so if you have a TIN. Many banks and other brokers will accept a TIN numbers in lieu of SS numbers. It is not wise to give out your SS number to any brokerage firm as you do not know who can gain access to the number or what security measures they take to protect the number. I say this firm is being unreasonable and suggest readers look elsewhere. If they are not willing to cooperate on a issue like this, which is a privacy issue for customers, you can figure they are not going to be cooperative if you have other problems."