Search Result (15 Snaps)

Beware of Unrealistic Returns | PL: 10  Category: General | Comments (0) 2010-07-26 07:57:06 Natural size Beware of Unrealistic Returns rading forex generally involves a substantial risk of loss, as well as high potential returns. As a result, if any company you are considering investing with claims to be able to offer you guaranteed high profits by trading forex, then you would be wise to be suspicious of a potential fraud. Forex scams offering unrealistic returns will often play on an individual’s greed, in addition to their desire to earn lots of money without making much of an effort to do so. Although the offer of...   Tags: High Yield Investment Plans, HYIPs, forex scam, forex fraud   Member: ForexFraud | 29 Snaps

Beware of Free EAs Repackaged as Commercial Robots like USDBot | PL: 10  Category: Financial Fraud | Comments (0) 2010-07-23 08:52:17 Beware of Free EAs Repackaged as Commercial Robots like USDBot The growing market in “expert advisor” software or EAs, also called forex trading robots, has proved a fertile breeding ground for forex fraud. Self-styled EA “developers” — who actually seem to act more like hyper active marketers — still seem to be making outrageous profitability claims in an attempt to market their faulty products to those unfamiliar with trading robot scams. This can end up costing a would-be forex trader not only their purchase price, but any funds they might lose...   Tags: free EAs, commercial robots, USDBot, forex fraud   Member: ForexFraud | 29 Snaps

Fiat Currency: The Biggest Forex Fraud Ever? | PL: 14  Category: Financial Fraud | Comments (0) 2010-07-19 07:47:02 Fiat Currency: The Biggest Forex Fraud Ever? In today’s day and age, the concept of what money actually represents has faded somewhat from public consciousness. Money that was based on gold or silver used to have intrinsic value due to its precious metal content. Nevertheless, these days comparatively few people have any notion that the so-called fiat or paper currencies that they use as money on a daily basis in their countries are really only worth the value of the paper used in their production once public faith in the issuer...   Tags: Fiat Currency, Forex Fraud, Bretton Woods System   Member: ForexFraud | 29 Snaps

Forex Broker Sigma Forex Accused of Scamming Clients | PL: 12  Category: Financial Fraud | Comments (0) 2010-07-12 07:57:15 Forex Broker Sigma Forex Accused of Scamming Clients A U.K.-based forex brokerage by the name of Sigma Forex has recently taken its well deserved place in the forex hall of shame. The company seemingly turned out to be just another fraudulent forex broker that disappears into the night taking their client’s money with them and leaving a long string of customer complaints in their wake. Background on Sigma Forex According to online sources, Sigma Forex’s real corporate name is SIGMAREX LIMITED based out of London, England. The company was...   Tags: Sigma Forex, Forex Fraud, SIGMAREX   Member: ForexFraud | 29 Snaps

Avoiding Potential Forex Trading Robot Frauds | PL: 19  Category: Financial Fraud | Comments (0) 2010-06-24 09:05:59 Natural size Avoiding Potential Forex Trading Robot Frauds Forex trading robots have a well established place as one of the most popular software product types designed for the personal forex market. Many of these robots are priced under $150, and they often run as so-called Expert Advisors within popular forex trading platforms like MetaTrader4. Unfortunately, many people who purchase these products subsequently express strong disappointment that the automated forex trading software they bought just does not perform as they were led to believe it...   Tags: Forex Trading Robot Frauds, Forex Frauds, Trading Robots, EA   Member: ForexFraud | 29 Snaps

Amasis Capital Management — A Forex Fraud? | PL: 24  Category: Financial Fraud | Comments (0) 2010-06-23 07:42:11 Amasis Capital Management — A Forex Fraud? Managed forex trading accounts provide fertile ground for a forex fraud to grow in, and unfortunately this has been the case for a number of years. One especially questionable company purporting to manage forex accounts for investors goes by the name of Amasis Capital Management Ltd. Concerns Over Amasis Capital’s Location Apparently, Amasis Capital Management is run by Michael Atkins of Wilmington, Delaware where the company claims to have been incorporated, according to a FAQ...   Tags: forex fraud, Amasis Capital Management, financial fraud   Member: ForexFraud | 29 Snaps

TrueFXSignals – Less True and More Scam? | PL: 14  Category: Financial Fraud | Comments (0) 2010-06-17 08:36:56 TrueFXSignals – Less True and More Scam? Usually, when the first thing stated on a forex website involves something like 'You Can Trust Us With Your Money', a number of cautionary forex fraud red flags will immediately go up. TrueFxSignals provides unsuspecting forex traders with one such website. One of the features of TrueFxSignals which immediately struck a sour chord was the fact that, despite charging an exorbitant $199 per month for their signal service, the company either cannot or will not pay for a decent website,...   Tags: TrueFXSignals, forex scam, forex fraud   Member: ForexFraud | 29 Snaps

The Capital Blu Management Forex Fraud Case | PL: 16  Category: Financial Fraud | Comments (0) 2010-06-16 09:53:25 The Capital Blu Management Forex Fraud Case An increasingly popular device in the forex fraud repertoire of investment scammers consists of the managed forex account. A company that has already been sued by the Commodities Futures Trading Commission for fraud is Capital Blu Management. According to the CFTC's complaint filed on March 23, 2009, Capital Blu started soliciting funds to the tune of $17 million as of at least January of 2008. The main defendants named in the lawsuit were Donovan Davis Jr., Blayne Davis and Damian...   Tags: Capital Blu Management, Forex Fraud, investment scammers   Member: ForexFraud | 29 Snaps

No Green Light for Greenlight Forex - Now G8Forex | PL: 30  Category: Financial Fraud | Comments (0) 2010-06-15 09:21:15 Natural size No Green Light for Greenlight Forex - Now G8Forex The forex signal generator website Greenlight Forex rather suddenly changed their name to G8Forex in August of 2009, also altering their online appearance substantially in the process. This service also purports to be the world's 'most accurate daily Forex forecasting system' — a questionable claim at best. Nevertheless, what would be the fundamental marketing reason behind G8Forex making such a shift in their website and overall presence? The worrisome answer to this question...   Tags: Greenlight Forex, G8Forex, forex fraud   Member: ForexFraud | 29 Snaps

7 Top Tips to Avoid Forex Swindles | PL: 38  Category: Financial Fraud | Comments (0) 2010-04-15 09:15:13 Natural size 7 Top Tips to Avoid Forex Swindles Remember the old saying - 'You can't cheat an honest man'? When you want to avoid Forex scams, this is very good advice. The Forex market is much like an ocean filled with whirlpools, undertows, sharks and other hazards. These things don't have to be a danger to you, however, if you learn some simple safety measures. And one guiding principle is that it's hard to scam you if you're not trying to get something for nothing - in other words, staying realistic and...   Tags: forex frauds, forex swindles, risk, forex scams   Member: Mike, USA | 9 Snaps