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Thread: Forex Scams

  1. #209

    Re: anyone know any forex bot systems that work?

    now that i think about it more, this makes perfect sense. why would someone sell a machine that makes money when they could just use the machine to make money themselves?

    i'm stupid.... thx for the replies:cwm2:

  2. #210

    Re: anyone know any forex bot systems that work?

    Has anyone purchased Steal Pips? It is a new forex trading system. Was wondering if this is a scam, too.

  3. #211
    Join Date
    Apr 2010
    Posts
    1

    Re: Steinitz Expert advisor forex scam

    Thank you all for being open about Don Steinitz. I was considering buying his Fractal indicator but was a bit suspicious because no guarantees were being offered with admonitions that he was selling a digital product and would not be able to protect his investment from unscrupulous users asking for a return of funds. I decided to google "Don Steinitz" and this site came up. I'll be saving myself the money and aggravation it would have cost me. Thank you all!!

  4. #212

    Re: Anyone have experience w/ FreedomRocks, a Fore

    Hungary's financial market regulator PSzÃ?F on Monday said it reported Freedom Rocks Inc, a US-based distributor of software for forex trading, to the police on suspicion of organizing a pyramid scheme. PSzÃ?F said an investigation it carried out established that Freedom Rock's activities cannot be classified as investment services or the intermediation of such services, but it still warned potential clients of attached risks.PSzÃ?F warned that neither Freedom Rocks nor the brokerages it recommends fall under PSzÃ?F's regulatory powers. Neither are members of Hungary's National Deposit Protection Fund or Investment Protection Fund. Because they are all based abroad, legal recourse may not be taken in Hungary, PSzÃ?F added.Information distributed about Freedom Rocks puts special emphasis on network-building, namely recommending the company's products to other clients, while it fails to draw attention to the additional financial risks related to FX trading, PSzÃ?F said.

  5. #213

    Re: Anyone have experience w/ FreedomRocks, a Fore

    Everybody is right, forex is risky. Freedom Rocks has good forex system. I learnt a lot from their course and system. My advice is, go with them. But you have to use first demo for learning purpose. Best of luck.

  6. #214
    Join Date
    Jul 2006
    Posts
    7,767

    Re: Anyone have experience w/ FreedomRocks, a Fore

    "the website www.4xcreateswealth.com cannot be found"

    yeah, looks like it was a big sucess for that guy.

  7. #215
    Join Date
    Apr 2010
    Posts
    1

    Forex4Free

    Hello guys,I just sign up to see if any of you have any experience with this site http://forex4free.org ,they are giving away $200 to 30,000 members,then you need to invest the money in a hyip program that they have until it get up to 1,500(6 months,180 days),for last you need to withdraw and create a broker account give then the logins details,they will trade for you and only take a 25%,this sound to good to be true,and a lot of people is promoting it already to get ref and stuff,even know I wont lose nothing but time,i would like to know what do you think,and share if you have any experience,thank in advance

  8. #216
    Join Date
    Jul 2006
    Posts
    7,767

    Re: Forex4Free

    it sounds like a bunch of nonsense. what do they need you for if they are going to trade for you automaticly?



    the first part, HYIP, is always a ponzi scam. always.

    http://forex4free.org/?a=rules

    As soon as you get the 200$ Gift from the investor, you need to invest the 200$ to the program FreeForex and leave it there until the amount is reaching 1500$, then you need to withdraw it to Liberty Reserve, Paypal or somehow.

    As soons as you getting comissions you need to invest them in the commission plan.

    After you withdraw the money, you agree to open an account with a broker like -FXCM- FXDD - or others on your name to send the money to your account at the forex broker. After you transferred the money, you need to send us the account number and trader password so we will be able to trade that account for you.

    Remember, everything is for free, you will never pay any cent for getting the money or something. The only thing is 25% of the winnings that we will made for you.
    according to the instructions, they will advance you $200 that you have to invest in the freeforex program. which seems to be:

    http://www.freeforex.net/freeforex.php

    according to that, you give them the password to your money. they can lock you out or take all the money if they please. perhaps it makes more sense in german language?
    Last edited by mumbles; 04-19-2010 at 10:11 PM.

  9. #217
    Join Date
    Jul 2006
    Posts
    7,767

    Re: Forex4Free

    Domain ID:D158787011-LROR
    Domain Name:FOREX4FREE.ORG
    Created On:05-Apr-2010 22:05:10 UTC
    Last Updated On:11-Apr-2010 15:45:09 UTC
    Expiration Date:05-Apr-2011 22:05:10 UTC
    Sponsoring Registrar:Directi Internet Solutions Pvt. Ltd.
    d/b/a PublicDomainRegistry.com (R27-LROR)
    Status:CLIENT TRANSFER PROHIBITED
    Status:TRANSFER PROHIBITED
    Registrant ID:DI_11449199
    Registrant Name:Michael Frey
    Registrant Organization:Forexf4free
    Registrant Street1:rodrguez ave. 901
    Registrant Street2:
    Registrant Street3:
    Registrant City:Palma
    Registrant State/Province:mallorca
    Registrant Postal Code:4211
    Registrant Country:ES
    Registrant Phone:+34.034772920032
    --------------------------------------------

    ES and 34 point to Spain.

    the creation date of the webpage tells you that nobody has experience with this "company".
    Last edited by mumbles; 04-19-2010 at 10:24 PM.

  10. #218
    Join Date
    Jul 2006
    Posts
    7,767

    Re: Forex4Free

    http://www.fxcm.com/contact-fxcm.jsp


    perhaps ask them about this?

  11. #219
    Join Date
    Apr 2010
    Location
    144 Southshore Main, Southshore, Las Vegas, NV
    Posts
    1

    Re: Easy-Forex

    ^ heven't tried them yet. but all this hoohoo's on forex and all, money and all, gots my nerves to a crack. i mean, if i do this for a living i wouldn't be stuck here on the net and just let go of money i earned. so do ForEx right, guard your money, guard your savings and your investments.

  12. #220

    Re: Steinitz Expert advisor forex scam

    Guys,

    Please don't lose objectivity. Don Steinitz is a special human being, that none can argue.

    Nonetheless, his robots are not a complete scam, those can work and are very well tought. The problem is that you need him to work with you in order to get his robots going fine, and that is hard. But botom line, his robots are not scams, for proof check the www.forex-robots.com account of his robots (there it did well for a while)

  13. #221
    Join Date
    Apr 2008
    Location
    Indiana, USA
    Posts
    170

    Re: Steinitz Expert advisor forex scam

    Bot trading can be ... Ummm .... fun, or is that word LAZY ...

    Any ways, a simple google search revealed there are a LOT of bots out there, though I trust none of them.
    :2gunsfiring_v1:419:judges:

  14. #222
    Join Date
    May 2009
    Location
    Online
    Posts
    108

    Anyone have experience w/ Freedom Rocks FOREX

    Funny,

    I once used FreedomRocks FOREX and did pretty good, was searching for information on FreedomFOREX and found this old thread, so you are right, there is no such thing as a failproof FOREX program.

    I did well, and some did better, but it all comes down to your risk trade tolerance. I knew some who were making a killing, then got greedy and lost it all, so unless you trade within your risk comfort zone, the markets will always bite you in the end. It looks like this one died too in this thread.

    Freedom-FOREX at least gives you $200.00 cash to evaluate trading system, something none of the others ever have done, so who knows, sure sounds strange to offer a cash bonus incentive to just try trading system?

    Success to all,

  15. #223
    Join Date
    May 2010
    Posts
    4,636

    Re: anyone know any forex bot systems that work?

    Anyone have any real proof of the Loch Ness Monster or Bigfoot?

    I suppose any of the above are possible, but I think I'll keep my hands in my pockets for now.

  16. #224
    Join Date
    May 2010
    Posts
    4,636

    Re: 2110pips in FOREX TRADING

    Quote Originally Posted by wazupben View Post
    Do you know how to trade forex? If yes, then you can apply for our system that can make up to 2110pips in less than 6weeks. You dont need ant indicator and the system is not automatic. The system link is they make use of the system used by most banks to draw huge money from the FOREX
    Wow! I take it that you had a moment of time in between your meetings with the management of the largest investment banks JP Morgan, Goldman Sachs, and Deutschebank where you were offering to sell your profitable forex system for billions, or get them to place even more than that with you under trading management, to come here and sell your system to retail traders for whatever you could sucker them out of. Did the investment banks forget to point out the exclusivity and non-compete clauses in the contracts again? You know how absent-minded they can be.

    Puh-leeze!

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