View Poll Results: Is Forex.com Okay?

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  • Yes

    31 64.58%
  • No

    6 12.50%
  • Indifferent

    11 22.92%
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Thread: What's so bad about Forex.com?

      
  1. #21
    I Don't Post Much
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    interest isn't swap idiot, you know nothing about forex it seems ACE

  2. #22
    Will Work For Pips
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    Forex.com is one of the oldest bucketshops in existance, stay away, i dont care how much you've withdrawn

  3. #23
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    I lost alot of money at Forex.com, I always wondered how it worked whether it was my fault or not

  4. #24
    Pippier Than Thou! McPott's Avatar
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    Rant

    Quote Originally Posted by PipAHolic View Post
    I use them too. Listen, I'm sure problems will occur with any broker, that doesn't mean they're out to get you. DId you get this from Forex Bastards' website of "reviews" ... ha ... that site needs reviews of the reviews, watch this video

    Also keep in mind they might have had some sort of deal with Forex.com's competitors. My guess is the broker that gets the most reviews and has 5 stars is the one who's in bed with them.
    Yea this is true, just google "FOREX IB" or FOREX INTRODUCTORY BROKER or INTRODUCING BROKER... this is just a fancy terminology for AFFILIATE PROGRAM, but it differs because if you sign up people through your own forex program (which is what it's intended for) or lately just an affiliate link (much like the Bastards site does), you'll earn a signup fee and in most cases X amount of pips from each trade the person that signed up under him made.

    SO anyone that says there's no motive in Mr Homograbbedus to denounce popular Forex Brokers and positively promote ones with affiliate programs is fooling themselves or horribly misinformed about what goes on in this online forex world.

  5. #25
    Show Me The Money! BuyHigh's Avatar
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    Thanks for the responses everyone, I totally forgot all about this forum until I got an email about it. I'll takea few minutes to see what everyone had to say about Forex.com's service.

    Thanks so very much, i mean that!


  6. #26
    Hindsight Hero! DickP's Avatar
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    Quote Originally Posted by BuyHigh View Post
    Thanks for the responses everyone, I totally forgot all about this forum until I got an email about it. I'll takea few minutes to see what everyone had to say about Forex.com's service.

    Thanks so very much, i mean that!

    we try! I just heard a good saying today, "blaming your broker for a losing trade is like complaining about getting punched in a boxing match."



    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

  7. #27
    Hindsight Hero! DickP's Avatar
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    Crybaby

    Honestly... you'd get laughed at if you whined about getting punched in the nose during a boxing match... So when people make wild claims about a broker hunting stops, its like saying "Why'd The Price Go Against Me?" Hey genius, that's what currencies do...




    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

  8. #28
    Administrator Mike's Avatar
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    Quote Originally Posted by DickP View Post
    we try! I just heard a good saying today, "blaming your broker for a losing trade is like complaining about getting punched in a boxing match."
    that's the best analogy i've heard in this instance

    also, I successfully received a withdrawl from Forex.com before the weekend

  9. #29
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    but doesn't Forex.com cancel your account if you're a scalper? totally not cool

  10. #30
    FINANCIAL FREEEEEDOM! WilliamWallace183's Avatar
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    I hate when people make up things about brokers, because there's no way to proove it, no way to disprove it, it just naggs at people... that's what whoever made up those comments wants his customers to have, nothing but doubts about Forex.com and hear nothing but sweet things about the brokers' he's affiliated with. This is a no brainer people...

    FORRRRRRRRRREX!

  11. #31
    FINANCIAL FREEEEEDOM! WilliamWallace183's Avatar
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    Quote Originally Posted by Harlon View Post
    but doesn't Forex.com cancel your account if you're a scalper? totally not cool
    isn't scalping underhanded? Scalping is making a profit between the buy and ask price, between the spread, 10-60 second trades... I think people who enter legitimate trades which are short, but net you more than the spread think they are scalping because it was quick and easy, but its just a trade... scalping 15-20 times a day isn't trading, its betting with a set plan... so I'd cancel you too if you used my service to gamble, not to trade

    FORRRRRRRRRREX!

  12. #32
    Smokin Pips blazingforex's Avatar
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    I started out at Forex.com, switched to an ECN, but never got "scammed" by them... alot of those comments against them are ludicrous.

  13. #33
    Will Work For Pips Wookie's Avatar
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    apologies, but i've had nothing but problems with Forex.com, i do believe they stop loss hunt because sometimes within minutes of entering a position i find myself 2 or 3 pips away from stop loss of 30 pips! I know this can happen, but every damn time?

  14. #34
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    Quote Originally Posted by Wookie View Post
    apologies, but i've had nothing but problems with Forex.com, i do believe they stop loss hunt because sometimes within minutes of entering a position i find myself 2 or 3 pips away from stop loss of 30 pips! I know this can happen, but every damn time?
    You just described a losing trade, this happens no matter what broker you use, perhaps you methods need to be reexamined

  15. #35
    Administrator Mike's Avatar
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    Not Bragging, just facts: Made $2000 trading this week with Forex.com, as long as I can withdraw it, I can safely say Forex.com is making me richer

  16. #36
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    Quote Originally Posted by Wookie View Post
    apologies, but i've had nothing but problems with Forex.com, i do believe they stop loss hunt because sometimes within minutes of entering a position i find myself 2 or 3 pips away from stop loss of 30 pips! I know this can happen, but every damn time?
    Wookie, do you enter trades without knowing what is going on in terms of volume, news, etc? Because I use forex.com on a regular basis and have never had a major discrepancy between their quotes and what my other charts particularly e-signal are telling me.

  17. #37
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    badmouthing Forex.com is like badmouthing the government... say all you want, its still here to stay

  18. #38
    Pippier Than Thou! TopTrader's Avatar
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    I too stopped using Forex.com, but only because FXCM had lower spreads.

    FELIX THE FOREX SCAMMER CAN NOT BE TRUSTED. CHANGES REVIEWS, LEAVES REVIEWS OUT, RATES HIS OWN PROGRAMS 5 out of 5 stars!!!

  19. #39
    Administrator BigE's Avatar
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    Quote Originally Posted by DickP View Post
    Forex.com (GAIN) has analysts on Bloomberg, commercials on respected businsess stations, tens of millions of dollars in equity... they must be a huge scam... (sense my sarcasm). Now, I'm not saying appearing on TV disqualifies you from fraudulence, but in the business world, why would the worst broker expose themselves time and time again? I never see any other broker Forex Peace Army has 5 stars for on TV, or their in house experts giving opinions to millions around the world... but I don't want to turn this into a pissing contest, I don't care either way what people do with their money no matter how much it pains me to see Forex in general get a bad wrap.

    It may be profitable for some schemers out there to get you to deposit your hard earned cash in a brokerage that is designed to make you lose all of it, and your gains are wiped out. The reviews on Felix's website make you believe Forex.com is one of them. Sure they have a dealing desk, but that doesn't mean there's a team of people sitting there making the market go against you personally. But, conversely, wouldn't it be more profitable for a broker to faciliate an environment in which your traders keep earning more and more money, trade more lots, and in turn, increase the profit you the broker see? What's more profitable, scamming someone out of $1000 one time (opening yourself up to legal problems), or legally scraping off 3 pips on every trade they make for a year or two, especially if these people scalp and make 10 trades every day, whether they win or lose you still make $30-50 per day (at least) off of that one person.
    Bernie Maddoff had billions in equity, he was a scam... so, that by itself doesn't disprove something from being fraudulent
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  20. #40
    Pippier Than Thou! TopTrader's Avatar
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    Quote Originally Posted by BigE View Post
    Bernie Maddoff had billions in equity, he was a scam... so, that by itself doesn't disprove something from being fraudulent
    apples and oranges no?