Unbiased Forex Broker Reviews | Forex Scam & Best Forex Broker

By aprkl88 4 Comments. The iForex Forex Broker currently has hundreds of scam complaints against them, and not even a single company representative has come out to defend these allegations. It gets fishy as far as this scam is concerned.

We have therefore decided to do a thorough iForex Review to warn anyone contending to conduct trades with them. Thirdly, they claim that this company is dedicated to offering their clients premium support at all time. The reality of tradin g with iForex Forex Broker Scam. For a long time, online Forex was left to large institutions and governments that were concerned with fluctuations witnessed in Forex trading.

Since then, small time investors have joined Forex market to share a piece of the pie. This iForex platform also has very very poor ratings in professional review websites dealing with Forex reviews. It makes us wary of a company that had originally stated that they are a professional Forex company that was founded by a team of investors who were serious and was looking to welcome equally serious clients on board.

They claim to own this address: Formula Investment House Ltd. Secondly, no one knows who owns the business since managers and real owners of this entity are anonymous. No one has been able to trace them until now. Therefore, investing in this form of currency or metal exchange would expose clients to a far greater risk than those that are so traded. If you want to confirm exact registration numbers, you can check that in their site.

However, it now dawns on us that these subsidiaries are nothing but market makers. What this means is that this company is using their platform as they please to increase your chances of losing money.

In other words, your money is not directed into the foreign exchange markets by a legit dealer. Ultimately when you lose,the scam company pockets your losses and commissions as well. Leverage is offered at There is no problem with this. However, it hurts when the suspect company uses its assets to manipulate client bids, spreads and trades in general. And then they make it nearly impossible to get your money back. And since their platform is unregulated, these shoddy deals will automatically blow your account.

If you win, they will show you a loss.

They say they are based in France. But when you conduct investigations and reviews, you suddenly realize that they are in Srilanka. But when you suspect fowl play and want to opt out, you will never get a response from them no matter how you try.

You cannot withdraw your money here, so why trade with them in the first place?

If you ask your account Manager or finance department, no one will ever care to respond. In fact, these fraudsters have been known to use very unethical sales techniques which make people deposit and lose money. We could go on and on about how iForex Broker has ripped off millions of dollars since they started this scam business. Nevertheless, you should take these points from our review:. With that warning, every sober-thinking trader should know that this broker is not worth investing on.

And since this company is a well-known scam and fraud, rest assured that you will lose money here.

Unbiased Forex Broker Reviews | Forex Scam & Best Forex Broker

Hope our iForex Review helped you in taking the right decision. Vivek Singh Baghel says. January 6, at 6: Vivek Singh Baghel yes you are right.. I am an experienced trader. PLEASE THINK IF MARKET GOES DOWN 1. Your email address will not be published.

Notify me of follow-up comments by email. Notify me of new posts by email. Home About US Contact US. Forex Broker Scam Forex Brokers Scam Reviews. Forex Broker Reviews Forex Broker Scams Expert Advisor Reviews. By aprkl88 4 Comments The iForex Forex Broker currently has hundreds of scam complaints against them, and not even a single company representative has come out to defend these allegations.

The Claims made by iForex Scam Company: The iForex Scam Tactics: Nevertheless, you should take these points from our review: Comments Vivek Singh Baghel says January 6, at 6: JANUARY 6 GRAPH CHART— MIN. Leave a Reply Cancel reply Your email address will not be published. Recent Posts Neferma Review: Forex Broker Scam Watch , Genuine Review!

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