Scamming Forex Brokers

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

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

Beware Of The Typical Forex Scam

March 26, 2008 by honestforfx

The FBI investigating With Felix Homogratus
First of all, I’d like to declare the purpose of writing this topic which is like a case in the court. There are many people in this world who need to be refined for the benefit of all of us. So let us begin to judge those people. I as a Broker have passed through a very bad experience during my trading history, which I’ll never forget. And actually there are many of me.
In fact, there are many people who don’t know what Forex Market is, it is simply a market where you can trade and exchange currencies. All in all, let me begin explaining my case.
My discussion will include specific persons Dimitry, Felix, and pharaoh, who actually consider themselves the protectors of Forex Market. The fact that many people don’t know is that these 3 persons were imprisoned before they began their activity in Forex Market. And after their release, they entered Forex Market as a Brokerage Firm. They built their website by copying and pasting the contents from other websites because certainly they had no idea about how to trade in Forex, moreover their platform was a fake one in order to cause traders’ loss. According to their bad intentions, they collected about 3 million$ from traders as a real accounts without returning it to them. Eventually as well as again, in 2000 they were imprisoned by FBI and NFA.
More after, their return was as the return of the Devils, they were back to abuse Forex Market and to bring brokers to the ground. So Felix made many websites like Kingforexsignals, Forexrealm, Forexdiamonds, Secretnewsweapon, alansmoneyblog.com/forum- some of them are for Forex signals, some other are forums, and some others are brokerage firms- in order to attract traders. One of Felix’s websites was Forex Bastards, which till 2007 wasn’t known as a scam website service. Forex Bastards’ aim was to claim that some brokers were scams and to warn traders from dealing with them.
At the beginning of 2008, FBI investigated this website and tracked its owner (Felix) and when Felix knew about that, he immediately changed this website’s name to “Forexpeacearmy”. And as a result they couldn’t claim his guiltiness. Then, this website continued its earlier activity till now.
So, after revealing the truth what do you think about it? I’ll leave comments for you all.
But all what I want to say is that this Black Market should be terminated by a way or another. Because recently Forex Marked undergo many problems and traders suffer from currency fluctuation, which is enough to bear, so there is no need to increase our economic problems by the existence of this Black Market. This Black Market is like Ozone Hole that will cause people to be killed, it is one of the biggest diseases in Forex Market that will abolish many innocent brokers. Therefore, this deadly serpent must be fought.

Forex Devil Attacks

March 26, 2008 by honestforfx

Felix Helped Adam & Tahir to stole Credit Cards
If you are one of those who are interested in Forex Forums, so you actually know what I’m talking about, if not, so it is better for you to know. T
Here is a website, which is interested in indicating many brokers as scammers, known as ForexPeaceArmy.
This website is owned by Felix assisted by other group of people whose aim is to abuse brokers’ reputation. After detecting those people’s history unfortunately I found that this Felix and other members of his group, Dimitry and pharaoh, were imprisoned twice before. Moreover, Adam and Tahir are Mafia Traders who opened many accounts with many brokers and worked with Automated Expert Advisers that allow them only to win never to lose.
They were opening platforms from different IPs, which indicates that they were working for the sake of each other.
What may be a surprise for you was not a surprise for me after knowing all this, for Adam was boasted before by the CIA for using different IP and stealing credit cards through the web.
I think words cannot express our reactions, so instead we should take actions, for actions in cases like this are most effective. I think the best expression to describe this Black Market- that gives wrong signals and fake reviews about brokers- is that it is like AIDS, which has no cure, its only cure is to eradicate it. We must stop it and bring it to an end to clear up Forex Market.

Felix Provocations

March 26, 2008 by honestforfx

Fake Characters in Felix’s websites & Forums

Before saying anything about this scammer, I want you to observe the following illusion that Felix has done here & there
Open the following website that owned by Felix http://www.wpips.com/
Scroll down till you reach the Testimonials, you will find someone called Juneed Khan saying “I’m up 1500 pips so far from July 15, 2007″
Now open this profile in MySpace http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=206013400
This is the profile of the of the same person in the Testimonials but with two different names
The Employees that are working with Felix:
1- RASHID GASHOR: He is working as messenger For Forex Bastards
He is Arabian but lives in United State open accounts with different brokers & try to make problems with those brokers like the following problems:
– Claiming that there is no money arrived after the withdrawal
– Recording & Editing the chats to be published in the forums
– Scalping
– Giving his account to other trader
– Cheating in credit cards
Rashid has been boasted several times & he never stops that he is now using fake characters in the forums with several fake emails & usernames
Always defending for Forex Bastards & scamming other brokers
2- Robert Grespi: He is working as publisher in the forums with different IDs like Pharaoh, deezee, DJDJ, theskyhy, DaveO, Vettah, Pipsgeek, Ilya Paniotov, musketeer, CeleronS, arturofield, trader, OzWizard, ForexGump, StandingCow, rajeev, Abundant1

Forex Scam Sources

March 26, 2008 by honestforfx

Reviews about The Fake Marriage

11/5/07 – Our company just received a threatening email from Dmitri Chavkerov saying he will call the FBI and Police on our Operating Manager and Dmitri showed that he posessed his Home Address and Social Security Number which he threatened to post this outdated info on his fake review site Forexbastards.com …. Our Members and Managers are well insulated from this Pig

11/6/07 – We will be launching a new site Forexscammer.com it will be a site maintained by traders with the goal of debunking what is in our opinion false claims and bogus signal service, IB relationships and manipulated ratings system..

12/11/07 – We posted Official US Government Record and PDF of Complaint by the Government of Dmitri Chavkerov being busted on November 30, 2007 along with girlfriend Yuliya Kalinina also we noticed on Dmitri’s forum his posters are complaining about him not being around and on a supposed over extended vacation, we as well noticed that a post on his forum made by “Heinz” was censored by “ADMIN” in his post he had a link to this page.

12/12/07 – It appers Dmitri is up to his little tricks again apperantly he is posting on his forum under a different name (Upright Pip) that we are a scam and somehow connected to Centralpips.com I challange him or anyone else to find any connection with our Company and that company (Centralpips), you will not find one…… here is a quote from an email we recieved from him

” 6. Your business. I’ll be quite frank with you. I have some information to believe that you were behind centralpips.com, which was a scam, but I am definitely not sure about it.”

The problem, is that he will not show what this so called information is. So Dmitri why don’t you please show the world this information?

12/26/07 – Just put a new link up above titled “What Happened to Felix Homogratus?” when reading this something stood out in this article and it was the statement – (”It’s sad too that anyone who speaks out against Felix by posting an opinion of his services online gets greeted with emails of how the FBI is going to come and get them.”) – because oddly enough this is what he did to us threatening to phone the FBI if and local Police if we received one negative review on his Fake Review site.