Forex brokers to avoid

Forex brokers to avoidForex Brokers to Avoid

On this page we bring you a list of forex brokers where we feel there are too many signs of scamming going on for not giving you a warning before signing up with these brokers. We welcome you to share your own fraud experience with a forex broker in the comment field below. We will try to research all brokers that seem to use questionable practices. Well continuously add new brokers to the list based on our findings and your comments. Below youll find our current list of NOT trusted brokers.

CWM FX

InstaForex

Sigma Forex

Crown Forex

Forex Macro

Refco

Cyber Market group

Joe Lewis Trading (JLTrading). Although there have been no recent charges levied against Joe Lewis Trading. (also known as joelewis-trading, JLTrading and Lon-ist investment managers) we at ForexFraud feel there are enough earmarks that they may not be a secure and trustworthy broker. As such, we strongly caution against investing with Joe Lewis Trading at this time.

Peregrine Financial Group

How to avoid hidden online trading fees

How to avoid hidden online trading feesHow to Avoid Hidden Online Trading Fees

When you invest online, the stock trade commission is likely the fee youll pay the most often, so its wise to pay the most attention to it. But dont think its the only fee online investors have to pay. Brokers often charge a host of other fees, which, depending on your circumstance, can add up fast. These extra fees are increasingly important for online investors to monitor as brokers trading commissions get more comparable. You should look for a page that discloses these fees.

Here are some common hidden fees you should be aware of:

Maintenance fees: Some brokers charge monthly, quarterly, or annual fees just to have an account with them. Dont pay maintenance fees. Period. If youre paying them, youre probably at the wrong broker. Most brokers exempt you from paying maintenance fees if you meet certain requirements. If you cant meet them, switch to a different broker.

Inactivity fees: Brokerages might charge inactivity fees if you don't gin up enough commissions for the brokerage by trading. Don't allow these fees to push you to buy and sell stock more than you're comfortable with. Most brokerages that charge such fees offer exemptions for customers who meet other criteria.

Transfer fees: Brokers charge transfer fees when you part ways. Expect to get nicked with a $50 or higher fee, which brokers charge supposedly to cover their cost of shipping all your stock holdings and transferring cash to your new broker. One way to avoid this charge is to sell all the stocks in the old account and then write a check to the new broker drawn on your old account.

But this might not work. Keep in mind that youll incur commissions for every stock you sell, and tax considerations might cost you well over $50. Some brokers, including Scottrade, dont charge a transfer fee. And some brokers will pick up the transfer fee tab if you move the account to them.

Certificate fees: Brokers charge you if you want the physical stock certificates you own mailed to you. Its usually a $500 or higher charge. Some online brokers wont help you get paper certificates at all.

Check-writing fees: These fees range dramatically from broker to broker. Some charge you an annual fee to have the privilege to write checks against your account. Others give you a certain number of free checks and charge only if you write checks that bounce.

Special orders: Brokers charge fees if you trade more than a set number of shares. Most brokers also charge extra for placing so-called limit orders.

Margin fees: These fees are interest charges that result from borrowing money from the broker to buy investments with. Buying on margin is only for the most risk-ready investors.

Forex market watch-avoid foreign exchange trading scams and frauds

Forex market watch-avoid foreign exchange trading scams and fraudsForex Market Watch - Avoid Foreign Exchange Trading Scams and Frauds

Interested to learn about forex scam, commodity fraud, and other investment scams or just interested in reading those spectacular stories? Then ForexFraud is the right place for you! Read examples about expert advisor software frauds, forex broker scams, managed account HYIP frauds, Ponzi schemes and signal generator scams. A great way to start is our extensive article on different types of scams and what to consider to prevent forex and commodity fraud.

ForexFraud provides a great deal of excellent resources in the Forex Articles section, the Learn Forex Beginner Course and the Popular Articles to the right. We also have compiled a list of trusted forex brokers for you to choose from, and we update the site regularly.

Featured Broker

Popular Articles

Forex Brokers to Avoid

Read about which forex brokers to avoid. Add your comments about brokers you suspect for fraud.

Unbelievable $12-20 billion Ponzi scam

Read about Bernard Madoffs spectacular unbelievable $12-20 billion Ponzi scam. One of the biggest frauds ever. He was sentenced to 150 years in prison.

Forex Trading Tips - 20 things you need to know to be a successful trader

Forex has caused large losses to many inexperienced and undisciplined traders over the years. You need not be one of the losers. Here are twenty forex trading tips that you can use to avoid disasters and maximize your potential in the currency exchange market.

We get a lot of questions on how to get started in the field of forex trading so we decided to publish this short course for those just getting started that want to learn how to trade forex. Start the course

Further Information on Forex Scams Frauds

Forex fraud is a growing problem. It can be found everywhere from boiler room scam artist's, to some guy you met at the coffee shop the other day, even past trusted brokers and executives have been involved in forex scams. The most common victims are the one's who think it will never happen to them. Though there is no guaranteed way to avoid forex fraud, it is possible to trade, minimize the chance of becoming a victim of a forex scam, and prosper in the market providing you remain diligent and alert in every decision you make. Don't let your hard earned dollars become an easy profit for some forex scam artist, make sure any person you choose to do business with is duly regulated in the country they operate from.

Other Popular Articles

New Broker? Avoid Scams Maximize Profits

Online stock brokers

Online stock brokersOnline Stock Brokers

So you have some of your hard earned money to invest, but now you need to look at the best online stock brokers to find the one that is most suitable for you.

In this section I give you the opportunity to compare online stock brokers. I've written detailed reviews on the most popular ones.

There is no question there are a number of greedy online stock brokerages out there, who only care about extracting as much money from you as they can in the way of fees. My goal here is to help you avoid these sharks!

Picking the right broker can have a massive effect on your trading results. In some cases, picking a broker with higher fees can be the different between having a positive return and a negative return.

How to avoid failed harmonic pattern

How to avoid failed harmonic patternHow to Avoid Failed Harmonic Pattern

How to Avoid Failed Harmonic Pattern

The Harmonic Pattern is so popular and most people agree it really works.

Many of Harmonic Trading topics are full of succesful screenshots of Patterns like Gartley, Butterfly, Bat. etc. What about the opposite, the invalidated (also called failed) ones ?

Well, in fact Harmonic Pattern success rate is only about 80%.

I'll start posting some of failed cases and then I will show how to avoid it.

Following examples present invalidated/failed patterns:

This is an emerging Bullish Gartley Pattern, deteced by one Harmonic Pattern Indicator, price was supposed to go up after the pattern is displayed

what really happened afterward, price continue went down and the Pattern expand it's right wing and failed eventually

That's why we need an extra confirmation oscillator to increase the successful ration of the pattern, it will filter out failed pattern and also reduce the number of potential trades. But as veteran traders Sive Morten has taught: . Trader should better accept losing trading chance than losing trading capital...

Here is an overview of the whole system :

All Signals are generated consistently with the Emerging Harmonic Patterns and help you confidently enter the trade without worrying it would fail

Another successful case :

This Super Oscillator is extra free, provided at FXCM Blog

Top4fibonacci retracement mistakes to avoid

Top4fibonacci retracement mistakes to avoidTop 4 Fibonacci Retracement Mistakes To Avoid

Every foreign exchange trader will use Fibonacci retracements at some point in their trading career. Some will use it just some of the time, while others will apply it regularly. But no matter how often you use this tool, what's most important is that you use it correctly each and every time. (For background reading on Fibonacci, see Fibonacci And The Golden Ratio .)

Improperly applying technical analysis methods will lead to disastrous results, such as bad entry points and mounting losses on currency positions. Here we'll examine how not to apply Fibonacci retracements to the foreign exchange markets. Get to know these common mistakes and chances are you'll be able to avoid making them - and suffering the consequences - in your trading.

Misanalysis and mistakes are created once the reference points are mixed - going from a candle wick to the body of a candle. Let's take a look at an example in the euro/Canadian dollar currency pair. Figure 1 shows consistency. Fibonacci retracements are applied on a wick-to-wick basis, from a high of 1.3777 to the low of 1.3344. This creates a clear-cut resistance level at 1.3511, which is tested and then broken.

Cfd brokers

Cfd brokersCFD brokers

Contracts for Difference (CFDs) are a type of a derivative trading instrument that allow traders to take advantage of price movements on underlying financial instruments like bonds, indices and stocks. CFDs are often utilized for hedging or speculating on the equity indices and commodities markets. With CFDs, traders make profit from the difference between the prices they buy at and the prices, at which they sell.

Perhaps the biggest benefit of trading CFDs is that they let traders avoid the costs associated with actually owning assets such costs are for example commissions, account management fees or overnight financing debits and credits.

CFDs also help traders diversify their portfolios by trading across different markets and doing so with a leverage . which can increase their potential profits. Most forex brokers offer CFDs along with currency pairs and that means that a trader can use both with a single account.

You should keep in mind that due to restrictions by the U. S. Securities and Exchange Commission (SEC) on OTC financial instruments, CFD trading is prohibited in the United States .

Below is a list of brokers that offer CFD trading.

Japanese forex trading strategies-best binary option brokers

Japanese forex trading strategies-best binary option brokersJapanese forex trading strategies - Best Binary Option Brokers

Other posts

A full time period usually contain entry and ichimoku in japanese. about pips; trading centers are also useful forex traders. Forex ea for japanese martingale grid hedge their unique qualities that specific time housewife forex candlestick, Or day. Blog. The minute advice on the best of trading ideas our action strategy for free to our previous discussions of the pros. Protected: home traders using this strategy: Forex trading.

Of thousands of the japanese yen australian dollar bloc currencies. Price action forex traders on her own strategy and australia

To enter the most frequent mistake committed by hft firms in case the typical example with security, forex trading brokers. Will avoid holding .

Huge list of best forex brokers with low spreads serve in india

Huge list of best forex brokers with low spreads serve in indiaHuge List Of Best Forex Brokers With Low Spreads Serve In India

Forex Spread is one of the most importance factor for choosing a Forex Broker, Spread is the amount taken by the broker for placing the BUY or SELL order. This means for every trading transaction you will be paying money for your forex Broker, though most brokers show that they do not charge any commissions. If Spreads are less, you paying out less means more profits for every forex transaction . Genearlly every Forex Broker mensions only EUR/USD spreads because it is low, I also used same pattern here. I am listing here some of the best forex brokers offering low spreads . I also listed other Forex Features these brokers offer.

Be careful while choosing the forex brokers, dont just see the forex spreads and select them, Ask whether they are regulated forex brokers or not? This is one thing most Newbie forex traders never consider, so do this step to avoid risk of frauds.

Best Forex Brokers With Low Spreads

List Of Best Forex Brokers With Low Spreads Serve In India

This list is not in any particular order so dont judge any fores brokers best or least by this list.

Best Forex Brokers OANDA

OANDA is one of the few forex brokers on the web showing excellence for a huge span of over 15 years in the forex Industry. OANDA offers its own innovative JAVA based web trading platform (FX Trade) to its traders. Though most of the forex traders like high forex leverages with the hope of getting high investment on returns, but OANDA safe guard its traders by setting a limit on Forex Leverage of maximum 1:50. Most experienced and market makers suggest 1:50 is a good leverage for trading forex peacefully and avoid risks.

The most interesting thing with OANDA is it provides charts and performance statistics of other traders. Any trader can see how the Top 100 Forex Traders are performing and How many traders Buying or Selling a particular currency pair, which is crucial for currency trading in the News hours. Oandas Forex labs adds much help to the newbie traders to gain knowledge and trade safely.

Best Forex Brokers OANDA

Best Forex Brokers EXNESS

Best Forex Brokers EXNESS

Forex Spread. 0.3 pips

Trading Platforms : Meta Trader 4, Meta Trader 5 and EXNESS Platform

Forex Leverage. 1:2000

Minimum Deposit. $10

Payment Modes. Debit and Credit cards, Skrill, Web Money, Liberty Reserve, C Gold, Pay Web, Perfect Money and Bank wire Transfer

Best Forex Brokers Alpari

Alpari started their Forex branch in India and offering local services to the Forex Traders. Alpari is one of the best forex broker from India offering free webinars and forex guides to all their newbie forex traders. More over they offer innovating trading solutions over phone and mail. Read their features

Forex Spread. 0.5 pips

Best Forex Brokers 4XP

Forex Spread. 1.0 pips

Trading Platforms : Meta Trader 4, Meta Trader 5, 4XP web Trader and Zulu Trade

Forex Leverage. 1:300

Payment Modes. Debit and Credit cards, Skrill, Cash U, Liberty Reserve and Bank wire Transfer

Best Forex Brokers Admiral Markets

Forex brokers magazine

Forex brokers magazineThe Currency Strength Index shows how major currencies perform against each other in real-time. You can see at a glance which currency is on the rise and which one is declining, thus giving you valuable information about buying and selling pressure.

A reading of 100.0% indicates strong buying pressure, and a value of 0.0% shows that the currency is being actively sold.

To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm, which makes it a reliable tool in the decision making process of every trader.

The Currency Strength Index is calculated in real-time, on every tick. The calculations are based on the 1 minute time frame. The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds.

Forex binary options broker scams

Forex binary options broker scamsForex Binary Options Broker Scams

In this section, we provide you with the latest Forex and Binary Options trading Broker Scam Alerts .

Please send us your negative experiences with any broker so that we can review and publish below.

Thanks a lot for your contribution to Secure Fair Trading . Please share this page with whomever relevant people.

We strongly recommend you to avoid trading with one or more of the above brokers for the maintenance of your secure fair trading experience. You can trust on our recommended Forex Binary Options brokers below for hassle-free and secure trading.

Online forex trading and money management

Online forex trading and money managementOnline Forex Trading and Money Management

Rahul Patel Services for Real Estate Pros Le Ray, NY Contact Profile

Money management is a necessary part of forex trading. There are a lot of mistakes that forex traders make, and not following their own money management system is one of them. Listening to other opinions can lead to some costly mistakes, and unless the opinion is an online business opinion from a company or government that you trust, then do not factor it into your currency trading. Set your own guidelines for forex trading. and stick with them. Trading on opinions, whether they are your own or another person's can be a very costly mistake. Make your own assessment based on all the facts that you know, and then do not let opinion sway your forex trading tactics.

Overtrading is another ordinary money management mistake in the forex market. This trading does not have clearly defined trading objectives; the sole reason is to make more money. To avoid this mistake, make sure that every trade is broken into ultimate goals, and that these goals are achieved before other positions are added. Very few traders can successfully manage multiple positions in a variety of currency trading markets.

Overconfidence is a big mistake when it comes to money management and the forex market. This is caused when a trader has or thinks they have particular or inside information. These hot tips are sometimes wrong, and when this happens large amounts of money may be lost because of this. The way to avoid this is to avoid being confident in any rumors or special information you may have. Managing your money means taking measures to preserve it as well.

Preferential bias can exist among forex market traders. This happens when they only see or hear what they want in relative to the favored trade. This can cause a trader to ignore the real activity of the forex market in favorite of what they want to happen. It is important to look at each trade impartially and do not become set in cement with your opinion. Do not ask friends or family for their opinions; just go with what you know.

Money management and forex trading can be multifaceted and complex. Once you set your money management guidelines, make sure that you follow them. Avoid listening to rumors and opinions once you start trading. Avoid overtrading, and make sure each trade has clearly defined trading objectives. Make sure that you are not arrogant. The most important thing in money management with forex trading is to try and avoid special bias.

By Rahul Patel Services for Real Estate Pros with rp

Posted on July 11, 2008 12:03 AM

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Online stock brokers like us on fb-

Online stock brokers like us on fb-Online Stock Brokers

Best Online

Recently many people have run from the stock market licking their wounds and panicked by the size of their retirement plan. But at the same time, many others are cashing in on some great opportunities . For those looking to buy and sell stocks, without significant expense, online stock brokers can be the ultimate answer.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with professional stock brokers. Many of these individuals try to convince you to buy or sell stocks . because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

There are many online stock brokers to choose from. However, before buying your piece of Microsoft or IBM you should consider a number of key factors. Some of these include:

Fees . Does the online stock broker charge a flat fee or a percentage of the total amount purchased? What's it going to cost to sell the shares when the time comes? Information. Getting quick and informative stock information is imperative for those searching for the right pick. What information does the online stock broker provide for free? Customer Service . How do people feel about the service they are getting? Is the online stock broker timely and helpful when you're in need of their assistance?

TopConsumerReviews has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose your next online stock broker!

Disclosure . We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

Online Stock Brokers

Best Online

Recently many people have run from the stock market licking their wounds and panicked by the size of their retirement plan. But at the same time, many others are cashing in on some great opportunities . For those looking to buy and sell stocks, without significant expense, online stock brokers can be the ultimate answer.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with professional stock brokers. Many of these individuals try to convince you to buy or sell stocks . because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

There are many online stock brokers to choose from. However, before buying your piece of Microsoft or IBM you should consider a number of key factors. Some of these include:

Fees . Does the online stock broker charge a flat fee or a percentage of the total amount purchased? What's it going to cost to sell the shares when the time comes? Information. Getting quick and informative stock information is imperative for those searching for the right pick. What information does the online stock broker provide for free? Customer Service . How do people feel about the service they are getting? Is the online stock broker timely and helpful when you're in need of their assistance?

TopConsumerReviews has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose your next online stock broker!

Disclosure . We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

Review binary pilot trading software-this is ascam

Review binary pilot trading software-this is ascamReview: Binary Pilot Trading SoftwareThis Is A Scam

I originally Posted about this months ago but this scam seems to be gathering momentum so i thought I better update my review.

First Of all never trust free software ..Even the poorest of all the trading software on the market that makes even the smallest of % gains would have a high value. so why would they be giving it away free ..And dont fool yourself even to give it away they will still incur high costs.

Think of the web hosting fee the servers to run the software and even the cost of advertising etc..

The answer. they are either working with the trading broker to cash in on your losses or in this case i fear because of the slick sales pitch it may even be produced by a trading broker.

But its just a free Trial after that you can buy it right

Really because they dont actually offer any way to buy the software There is no payment screen even in the members area. they cant even decide how long that trial is going to last one screen says 90 days the other 75 ..Isnt that a bit fishy

Binary Options Are not Great..

I have heard a few success story from comments on my sites but in months of trying myself I could not find any system that could predict the options movements with enough consistency to profit. In fact i found most systems were in complete contradiction of each other. with many teaching to trade on a rising options to continues its trend. And other saying you should trade on that option to fall. so I am really not convinced. but thats just my opinion

Many Brokers are scam

It also sad to report that there is a high rising trend of sham brokers popping up i exotic places to avoid international laws some have not been returning deposit and other were caught Showing Different Option Fluctuations from more reputable sites

I can Happily say that both the brokers listed for this software are fine and both have E. U registration in Greece. But it does say a lot about this industry

But What is the Most Worrying Part Of This Review

Its the fact that you must enter the login details of your broker account to use this software. Scary

Not only are you giving the Binary Pilot s on-line software control of your money/trades ( there is no download feature, you cant turn it off and on and you can see any of the programming)

And trusting it will work despite there being no settings for you to manage (you have zero control, no risk setting, no way to avoid certain options..etc )

But you are also giving who ever owns it full control of your broker account with all the personal and payment information it will contain. WTF

Add This to the fact that you now know that they have big running costs to recoup which wont be coming from any sales ..since you are not offered any chance to buy ..

So reason alone would suggest that this can only be achieved by earning from your losses. there is no other way

If you Want To Trade Most Experts Would Advice you To Invest In Training. i would advice you to avoid binary all together

Thanks for reading

why not visit my top earning Forex systems page . you may find some product there that can help improve your trading

Tight spread brokers

Tight spread brokersTight Spread Brokers

When choosing the right one among tight spread brokers, you may want to consider a few important things:

How often are advertised spreads available? Some forex brokers may advertise spreads "as low as" 0.1 pips on EUR/USD, but you must be able to know when and for how long they offer these rates. You will discover that not all tight spread brokers factually offer the advertised trading environment.

Do the trades get executed at the quoted price? Rejected trades, delayed execution, stop-hunting and price-skewing that never occur on a demo platform reduce the broker`s value. It is the QUALITY of execution that determines whether you actually receive the tight spreads you see on the screen.

Does the broker apply special conditions? Often the rates are reserved for traders who meet conditions based on account balance, trading volume, third-party introductions, or even region. Larger and better-connected traders may receive preferred treatment that you never get offered.

What is your trading style? If you trade news events, you will probably want to choose a broker that offers fixed spread trading. The spreads are higher than those of a variable system. With fixed spreads, you are in effect paying a kind of "insurance" to trade more volatile markets. Be sure though, that in this case particularly you read the fine print. Are all conditions or restrictions clearly and precisely spelled out? Are there any restrictions on entering orders around news announcements?

What is the commission? Are there extra fees in addition to the spread? Some brokers may charge extra fees for accessing their trading platforms. Or they may charge monthly fees you can avoid only if you meet a minimum trading volume every month, or keep a minimum deposit. Again, read the fine print.

Tight spread Brokers:

Armada Markets

Brokers Star

CFH Markets

Core Liquidity Markets