Investing in binary options vs forex peace army

Please reply with a convenient time and contact info so we can have a chat to discuss this further. These allegations are impossible to prove and it should be noted that there are a number of negative reviews of InstaForex hosted on other websites, including here. Hope that all is well. Forex Peace Army, is one of the better known FX trading sites and forums, with the site appearing at the top of Google search for a huge number of different Forex related keywords. InstaForex has accused Forex Peace Army of blackmailing the brokerage, saying that negative reviews would be taken down if the company paid for advertising on the site. My name is Andrew Galo and I am an affiliate manager at 24option, a market leader and award winning binary options broker. FX managers before parting with their cash. FPA moderate the reviews in such a way in which certain products review only favourable reviews.

These comprehensive coverage of the FX industry from a retail traders point of view has lead to Forex Peace Army becoming one of the better known FX websites. Forex Peace Army, is one of the better known FX sites and has a large readership. The forum moderators then invite representatives from the companies to state their case or take measures to deal with the customer compliant. Court does however appear to have alerted traders to issues with a number of rogue brokerages and some of the complaints I have seen listed on the FPA website have been similar to the ones that I have personally heard from traders. We at TheFXView consider their opinion very much, and in direct contact with the persons operating the site. Again it is almost impossible to verify such allegations and there is no hard proof that practice occurs, but as with any site traders should realise that many review sites are not honest or impartial when reviewing brokerages or FX products due to a conflict of interest with their advertisers.

After reviewing your website, I am interested to talk to you about a potential partnership where you can earn a respectable income from our collaboration. The neutrality of the site has been criticised by both brokerages and traders, however none of these allegations appear to have been verified in any substantial way. We hereby vouch for the credibility of reviews and integrity of moderation on this site. Forex Peace Army website. The site boasts also a number of other forums covering different aspects Forex trading, as well educational resources for those who are new to FX trading. Update: We have been speaking to the persons managing ForexPeaceArmy directly, and beyond any doubt they are committed to towards the benefit of their visitors more than anything else! Forex Peace Army website a scam.

We feel this adds value to our own reviews to incorporate relevant warnings and scam alerts. BBC 4 btw mainly for historical shows and well english sitcoms. You said you used his signals before on stockpair. Guys like this will always trip up as they are just gutter rats in the end looking to take advantage of others. Registered just to comment on this. Just way to many scams out there. Secondly it is very difficult for anyone to time his signals correctly as the markets are consistently moving, 10 seconds are a long time in Binary Trading and usually makes all the difference.

STAY AWAY FROM ELIJAH OYEFESO AND INTERACTIVE OPTIONS. And most of the time, they are so currupted that the are honestly upset when you call them out. Its organized and I bet a very interesting story if you actually had talented people there to uncover it. Elijah Oyefeso requiring you to use only one broker is also a warning sign and I would be very wary of him too. So you may be surprised! HYPE results with cheesy vids like what you see but in fact real trading is a job and far far from glorious work unless you love trading which then it is just not very sexy. Well, you can just go for the trial and papertrade. So instead of relying on these promising invites you better move to learn how to trade at your own and with some time you will see that you will be providing signals to others for free. Saw this guy on Channel 4 last night and was very intrigued.

Considering that I am new, can you give me any advice on where to start learning? Keep a look out. But since talking to him I have never fully believed everything he was saying. They should really know better and should properly research these people. Brokers at Interactive Options. If you are serious about binaries then the best you can do is learn how to trade for yourself rather than following signals from others. But some low life ghetto kid that can barely hold his pants up having the talent to trade uhm two words.

Now this guy, if hes asking people to register at a specific broker then I guess mass marketing and getting referral money from the broker can make cash. Elijah Oyefeso on social media for 2 years now and at first I was doubtful. Hold on no way any binary options trader is going to be on Channel 4 haha. Channel 4 to give him this much publicity. You better double check that he is not just making mony on affiliate commissions from brokers. Maybe they have changed since then but i would not try them again. To be honest though, I like that about it, however it does have its downsides like it does with crooks like this.

Channel 4 documentary too. By the way does anyone from London remember JA Wealth? Most of his clients lose, resulting in them subscribing within the first 3 months. AFFILIATE scam if anybody signs up let me know how it goes! In this case Elijah Oyefeso forgets to not show his overall trading results likely from a demo account he is promoting. BTW best of luck with your trading business. Platform was very slow and customer support non existant.

That is their business. Goes to a show, a little research can go a long way. Surely he cant be making that kind of money just from referrals? Since I am also trading for some while and OptionTrade do provides some good signals but I try to trade at my own and that works fine. But it is very fishy, especially seeing the trading account images you have posted. Taken from his own video showing screen shots from his laptop and binary trading account. Signalprovider will usually give you a free trial or he has verfied statistics.

The guy barely looks like he could tie his shoes what can you do but laugh at garbage like that. Scammers always trip up due to their base intelligence being very low. So I am completely new to trading. He posted on Snapchat him in a room with Sunita from Channel 4 and a camera crew. No, I think he is. Its all marketing and my bet is due to his extremely low IQ he likely has puppet masters behind the scenes pulling the strings. He will disappear like countless other scammers. Once you get familiar with this trading business you might laugh when you think of this signal provider.

You could not choose the right expiry but you should have been able to tell if his signals were profitable? To me this guy looks like a classic marketer scammer who is only interested in affiliate commissions and the youtube video only reinforces this view. Anyway, the platform he wants me to use is Interactive Option. NO FLOW in this crap market. Most of the time when something is too good to be true, it usually is. It is actually disgusting. And then they even dare to act like they are successful entrenpreneurs. Looking further, that broker doesnt offer any referral bonus, and for the stuff he is getting even if it did it would not cover that kind of cost. Or get a demoaccount mabe on iqoption and just see if it is profitable for you.

Funny enough the JV guy that makes all the scam videos also had a gold plated car btw as he has a place in miami beach wonder if these two guys work together or know each other lol. Does anybody know anything about this broker at all? You know he gets bigger comission when you deposit big. If you want something more structured then BSB offer some really good education too, check out BSB Trading University. To be honest, I have him on the app Snapchat and followed his daily life for a long while. Elijah Oyefeso and Interactive Options. Now that you mention it LOL, he has just taken a holiday to Vegas, so he may know this other scammer you are talking about. Most probably only hang around for a month or two, but the constant influx of people from how he markets himself keeps him going.

Also, sorry to be a pain. The guy never talks about trading or charts who cares if he has ugly taste in cars. Forex and Binary Options online forums. Yet, it took a long way and more than 10 years until, this fascinating project have reached where it is now. FPA to interfere and seek for a solution if possible. It was towards the end of 2007, when Dimitri have decided to change once again the name of the site, this time it was to the name we all know, Forex Peace Army. FPA and without a doubt, saved many traders funds. In other wards, FPA platform does gives brokers a chance to fix their bad behavior. On the new website the users were now able to give their own personal point of view and grades regarding Forex brokers.

Dimity was giving his opinion regarding the brokers by grading them according to his personal trading experience. Banc De Binary vs. FPA, Are they legit? Traders are now reporting the inability to withdraw funds, but also misuse of their credit cards and sensitive information. One would expect TraderXP to learn from past mistakes and possibly try to keep the new brand clear from negative reviews, of course that is only if their intention was or is to change their ways. Just remember that these scams are always ahead of the game, before you know it they disappear and change their innocent sounding name to something even more innocent. The most troubling thing about Sycamore Options is that they just came out a few weeks ago, and already the internet is filled with negative reviews of the worst type! Sycamore Options is the latest binary options scam, this one is one of the worst kind of scams.

They are not in anyway a legitimate binary options site. Hopefully most readers have not yet deposited their money with this scam, otherwise if you did, make sure to testify your experience below for others to see. They probably are not planning to stay long in business which explains why they charge credit cards without any consent. Unfortunately the reviews are only getting worst with Sycamore Options. They are not regulated and they are merely just a TraderXP brand used to scam people from other angles. Trying to contact these scam artists was his next, sad to say, pointless move.

This is a serious scam. If you have any experience with TraderXP or Sycamore Options, make sure to share it below and help WatchDog deter other traders from falling victims to this scam! You have to remember its all about money. Due to your bigger account size, you are allowed to keep the trade open whereas for me it is closed. FPA services and unfortunately never got it posted there. Do you add to your positions to average a losing trade? SL does not serve the purpose for me as my account balance cannot be matched to yours or any other trader.

Now the dates being mentioned in these Trade Tracker represents Date of Open Trade or Date at which these trades are closed. Assuming that I have my account balance as USD 2500 to begin with. Now I ask the question this way. Subject: Re: Subscription Inquiry. Michael Freeman, I published over 300 articles on strategies and indicators, as well as almost 200 videos related to tips, scams, strategies and so on but I am not here to advertise myself. Why because that is what gives the site credibility and anyway if you look at good number you can get a fair idea if they look plausible. Thanks guys for your valuable inputs. Do you share these setups and your experiences with them openly in the room or these info are kept secret to you only? Those with the biggest bucks get the biggest bang.

The profit that you register on your website is representing the max. FPA is just a tool you use to help backup your decision whether to go with Broker A over Broker B or to try out this EA or that. Hope that makes my intentions clear and reasonable. Now assume that this is the max. There are no sure win systems. This give rise to one more question. Is it going to be 50 pips, 100 pips, 200 pips or no stops at all. In general I do not see adding as a successful method.

Not for the faint of heart as the method often requires holding open positions with huge draw downs, essentially trading without stops. Do you provide SL and TP together with your trade calls and also an idea to manage these trades in case if it start going against heavily? The schedule can be viewed from the website. SL and TP is based on the size of your entry. FPA therefore cannot be trusted. Review that information, then use your best judgement. Also do you add to positions for a winning trade? This was the reason why I asked you to be specific in terms of average SL that you apply to your trades and your reply to me regarding the same was not very clear, I am sorry about not understanding what your average SL on these trades are.

If time is a factor, concentrate on the economic indicator release which we trade in the room. From reading your email I get the impression that your expectations are unrealistic. Will be pleased to see your replies as soon as possible to make up my mind. In Short CHEATING, SCAM whatever you may call it. HI Happy Trader and Subscribers of Services. Where in above lines did he answer my questions in clear words. Do not walk, RUN from any charlatan making such nonsense claims.

USD a month, you should keep that in mind. FPA, most of which were in support of Happy Trader and then felt it would be worth asking him certain questions and do some research if it really is a good service. Not sure what you are looking for here. Ultimate result is profit for you and loss of money for me. Best of luck to everyone and happy new year! In short I realized that what he was trying to hide were asked in my set of questions and he might have felt uncomfortable in answering those. They blacklist and pretend to help traders with complaints against brokers while in reality they are just creating forums for the purpose of getting traffic from potential clients of the brokers they tag as scams. ForexPeace army is not a scam but the people who is doing the scam bussiness is scam.

Obvioulsy the smaller your account. Thanks for your replies. The deal is these companies give special discounts to FPA members for limited period of. However it is just that I want to grow on my skills, I thought of joining this group. Forex trading is high risk. Happy Trader and his reply below my questions. Although some of the reviews are probably fake it still gives you a general idea if the thing your looking at is good or bad. FPA is doing all this for free! FPA regarding your services.

For information regarding our trading room please visit www. They did not set that site up to benevolently help traders as one might imagine. Babypips for my learning process. SL he allows before he call it as a failure. ForexPeaceArmy as criminal, but I am not a defense lawyer. SL you have put so far while trading on an average. Coming to Trade Signal: How much in advance do you anticipate market reaction and provide signals to the subscribers, like 2 hour before, 30 minutes before or on the spot. Every trade will somehow become profitable after some period of time if traded with slight knowledge of how market reacts. My name is Yusuf SHAIKH, I am from Australia, currently in India.

These are questions I must have an answer for before I commit myself to availing your services. Now consider you are in the same trade with obviously bigger account size and the trade goes against by 80 pips and then reversing in your favour for 37 pips. However this is a long procedure and does not allow me to do that as I said before, I trade for my and my family living. My concern now is not regarding Happy Trader services as I have no plan now or anytime in future to join him and this is my personnel decision based upon my experience and research and in no way represent any recommendations not to join his services. The FPA does attack scams as well, which is probably genuine. Not Just Another Forex Room! In a way it will also build confidence among others who are seeing your system thereby increasing the number of your subscription, you see. We have a money system which explains this. Are the members kept informed well in advance of your intent when you plan to enter or exit these trades?

Good luck and remember forex is very high risk and no service can promise you fortunes. How do I know they are only concerned with driving traffic to their website? Forex Peace Army is not UNBIASED and they manipulate reviews, especially negative reviews are not posted as we have seen it now. So finding a good service is inevitable and you are on my list. However I have few questions before I could plan to join you finally. Providing that your broker allows for small positions you will be able to follow our system. Same case with me. SL or DD its fine. Internet is full of scams.

The reputation caught up with that company, and then not too much time later, They had another NEW signal service. Anyway, I totally agree with many of the comments made on this thread concerning ForexPeaceArmy. However, I want to know that the dates mentioned on Trade Tracker represents Trade Open Date or Trade Close Date or both. Straight and simple question and need straight answer. Well, I have these queries at the moment to Happy Trader or even the subscribers of the service. LIkewise I would be happy to know what SL I will have to encounter once I sign up for you services.

How much do you normally wait against your trade till it become profitable to you? The trades are shown here with dates, results, comments etc. Mike Freeman towards FPA. While most of these comments seems to be favouring your services, I am more inclined to know if these words are true as mentioned below. In other words, I am asking about the maximum heat you are prepared to take on a trade. SL and TP, Correct me if I am wrong. FPA for his services were 147. SL of USD 50. Thanks for your replies and time.

This would clarify and justify too the reason of my frustration and this post here. However, there are times when averaging in can be a successful method for exiting losing positions as break even. For me, I seem to have lost my confidence in their reviews as it looks to me manipulated and biased. Now the question still remains as I still have this point in my mind that if the service is good then why not join it. Like in my case, I use avergae SL of 30 to 40 pips and I am specific about that. Hence I thought of posting my questions here at FPA so that it can be answered straight rather than any other attempt to hide the facts. They purchase Google adwords spots for keywords related to brokers and get people heated up. Well done on that as it looks attractive. MM in a way that the risks are controlled effectively. FPA is nothing but an operation to deceive people. Style, large stops was a big issue for me. FPA really filter the reviews being posted on their website, especially the negative ones.

No service is able to provide what you are looking for and even those with successful records are unable to promise you that you will be successful. Now final 2 questions to clear my mind. My questions are as listed below. You look good as I have read the reviews on FPA, but I want to know the answers for the questions asked above before I join you. Forex Peace Army is based in Israel, why would they investigate them in LA? Do YOU trade in your LIVE account with the same trade calls you provide to your members? Past performance is no indicator of future gains. However a good trader is one who allows lower DD in his trading style and that is what I requested from Happy Trader as a potential customer that he somehow never revealed to anyone, I am not sure about the subscribers for his services.

So, I just want to know my preparation time, hence this question. Israel and the United States. So here we go. They are not really interested to remove content even if the broker is willing to give back the money to a trader. My service is only 200 USD a month. As far as I see it, they are just blackhat marketers working in a grey area. It is a very good free educational site.

You can read all about this and his most recent threats here. We had cases when company reps were really unprofessional and unethical or simply ignored all our invitations to explain the matter. Next, never make promises your company cannot keep. Currently, the FPA conducts forward tests of EAs, Signals, and Managed Account services, all on live accounts with all data taken directly from the broker. We had no other choice but to put a warning on their review page. For unregulated brokers, get regulated. And this is just one out of many similar cases.

First, take care of your clients, then educate and inform them of your policies. The Forex Peace Army also rolled out Performance Testing. Brokers know that all they have to do is throw some delays in front of clients and some of the clients will give up. Those comments were left in place. He claimed to have personal information on FPA employees. The reason for moderation is to greatly reduce the number of fake reviews, both by companies and by their clients. The forums have recently been moved to a new and more modern platform.

fines and suspensions have become more common, and clients are being referred to the Cyprus Financial Ombudsman. In 2006, he moved this to ForexBastards. They could also learn from the slow, but very effective actions the CFTC takes against scammers. When companies get complaints, the Forex Peace Army tries to help resolve the issues. During this period we have brought to the market perhaps the most raw, most honest and most transparent reviews, and people definitely felt it, trusted FPA and still continue to feel that and trust FPA. What is the nature and process by which you evaluate brokers? He threatened to unleash close to 5 million of his claimed online followers and other means to attack the FPA. Banning hedging, tightly limiting leverage, and having FIFO rules is in conflict with the systems used by many forex traders.

Test your knowledge, win a prize! This will improve the user experience by making more information about a company readily available from the review page. Are there any specific practices or strategies you would recommend to regulated or conversely unregulated brokers? What was the impetus behind becoming more visible in the industry? What other jurisdictions could learn from is the regulation limiting the amount of time a broker has to cancel a trade due to pricing errors. Are there any that stand out as being the best or lacking? One improvement noticed recently is that appears to realize that lax enforcement has allowed many regulated companies to do terrible things to clients. FPA has never ever deleted anything for money or because of a threat.

In most cases, the evaluation is left to reviews submitted by clients. This later expanded to the FPA Traders Court in order to give companies more chances to fix issues before getting a SCAM label. Forex Peace Army has had this approach for over 10 years now. Similarly, there are some brokers that only respond to client complaints at the Forex Peace Army when a Traders Court case goes public. In 2007, instead of just labeling companies as scams based on undocumented trader complaints, ForexPeaceArmy. In 2005, Dmitri Chavkerov began sharing his personal experience with companies online. Forex Peace Army takes steps to warn traders.

The Forex Peace Army has the largest and best collection of human moderated forex reviews in the world. How has your business manifested itself into its current model today? It will also make attempts to manipulate the system with fake reviews more difficult and less effective for the occasional fake, which does slip through. The mission was not just to investigate and verify scam complaints, but also to try to resolve complaints whenever possible. Nearly all regulators are very slow. still lags behind the regulators in the US and UK, but has clearly shown that it is willing to do more than the very poor regulation in New Zealand.

For now, this company holds the honorary number three spot, with 34. The final nominee, who also has 23. Of course, UFX is not above resorting to more traditional methods to do this, such as simply refusing to process a withdrawal request. Awan proved to be reckless and irresponsible, and his venture was soon shut down. Of course, the alarmed trader tried to contact his account manager once more, and received a reply that he would not be receiving any funds until he sent a letter of apology. Bill King, Manager of the Forums and Reviews sections of ForexPeaceArmy. Usually, these claims are not difficult to disprove and ignore. Now, I have heard of some pretty rigorous verification procedures, but a letter of apology? One way to avoid the fraud du jour is not to be fooled by professionally designed web pitch pages. MetaiForexRobot was accused of using code and the activation server from Million Dollar Pips without authorization. His game started back in 2009, when the first complaints came in. The guy that holds the number one spot in this category is not especially likely to lose it to any other nominee, since he currently has a whopping 76. He made two later attempts to repeat the same course of action, and even went as far as to claim the last company he represented was not in fact his, and he was merely a salesperson, not at all in the trading department.

This company is the current runner up, with 39. The second place is held to a thieving company which has so far gained a vote of 38. Eventually, after the company was found guilty by the Traders Court, the broker shut down operation. Who knows, maybe if more traders follow his advice there will be no need for Scam Awards next year. When you start to trade Forex, there is one word that is predominant all over the Internet. This is a sneak attack, perpetrated by a team of designated account managers. Luckily, he was saved and sentenced to serve 50 years and prison. No gallows for this perpetrator, but the fourth place in the Scam of the Year Award ought to be enough! The third place is actually a tie, with both nominees having earned 23. Prime4x clients, assuring them it was safe to trade. In the meantime, the FPA discovered the broker, which claimed to be registered with the BVI Fsc regulator, was in fact completely unlicensed.

Better luck this year, Omari, hope you make it to the top! Since there was no licensing agreement between Safeandsteadyfunds. Abdel Rahman Khedr Abdel Rahman El Amary. Abdel Rahman El Omari kept finding wilder and wilder excuses to withhold funds. Pretty good way to prevent money from going to traders, I think. This nominee currently sits in the lowest, fourth position, with a mere 26. Rizwan Awan and TrendsFX. The allegations were confirmed by Million dollar Pips, who even tried to work out a deal with Metai, to make everything legal. PFG clients who have been left hanging.

Each year, FPA receives and investigates a huge number of complaints from users. Read the reviews of the Forex services left by other traders carefully and share your opinion about companies you used with the Forex Peace Army traders community. This nominee is in the lead at the moment of writing with 52. But every once in a while, you get an apple that is so rotten it stinks up the whole place. Forex fakes and cheats trying to rob innocent traders. And there are some simple rules you can follow to protect yourself. UFXBank had no authorization whatsoever to offer banking activities. This years awards are now open for voting on the FPA website, and anyone wishing to vote has until June 5 to do so. Needless to say, those were not winning trades, either!