You honestly couldn’t make it up: now the crooks are accusing the ordinary members of being “spammers”! And at the same time they’re openly admitting that they get their bad Trustpilot reviews removed. (It’s the same at ForexPeaceArmy: you can pay these corrupt sites for removing bad reviews - nasty business.)
These two, Zforex and SolidECN, are surely by common consent among the “world’s worst” top-ten brokers? You only have to look at the links posted above to understand why.
I think LQDFX and Coinexx are probably almost as bad. Unfortunately this CFD/forex world is really packed with scammers and liars at the moment.
Your claims are big. I always look ForexPeaceArmy review before investing with brokers. You sure about your claims? Do ForexPeaceArmy really takes money to remove negative reviews and do shady busniess ?
Obviously (they’re not going to admit it, are they?!), but if you do some more research in other places, you’ll find large numbers of reports from businesses reporting that FPA approached them with copies of terrible reviews planted there and demands for payments to remove them.
It’s actually been discussed here many times before, including by some of the victim companies.
Are you here to argue, Sanmugapradeep, or to learn? You’re great at the first but somehow never seem to manage the second.
I’ve no idea whether this broker is a scam or not. But the common reason why a broker will not return capital to a client is that the client is trying to withdraw the money to a different account than the one from which they deposited the funds. This could be seen by law enforcement as money laundering, and might be seen by the regulator as evidence of inadequate regulatory compliance.
Unless a trader has a really good reason for doing this and can provide proof that the money was theirs in the first place and that they are who they say they are, they’re going to have problems.
I agree 100% with all of @tommor ’s post above apart from the first sentence.
It seems very clear from what I’ve seen both in this forum and mostly on other websites that this broker has repeatedly made some public representations about their business which have (sometimes even quite quickly and easily) been proved to be completely untrue and many others which (putting it mildly) can’t be substantiated.
Given any reasonable person’s instinctive caution when dealing with a CFD ‘broker’, that makes me, at the very least, far too strongly suspicious of them to dream of ever opening an account there (or with the other company whose address, phone number, background, place of registration, place of alleged licensing, and director they appear to share while claiming publicly to have absolutely no connection with them at all).
All of which they invite you to invest in and guarantee 100% profit. You should not trust them, they are scammers, nothing in the financial market is 100% because this market is extremely harsh and risky.
When you want to invest money, educate yourself about financial investment, if you don’t have knowledge and understanding, it’s easy for scammers to trick you.
To be honest, I have been trading for many years so I know, investing is not easy and I have failed a lot. I have learned from my own mistakes, to have a stable profit, it is a process that must be done. It takes many years of perseverance to get results
can yo put the real name of that broker…is that the name ? cause there a a huge amount of brokers outhere steling your money …regulation is always to watchout no matter if they try to get your attention with promotions spread whatever…also if you have that amount is stupid keep that money like if they were a bank to keep your money safe!i got 1k profit and the less i can do is retire the half ,and the other to trade period…if you are profitable then you can gain money…so that is your first mistake!
The main problem in that regard, though, isn’t just that they’re unregulated: it’s that they dishonestly tell potential customers that they ARE regulated.
We are aware of the individual who initiated this thread with the intention of harming our company’s reputation through false claims. This person is a member of the Babypips Forum, and despite being flagged to the administration, their posts and activities persist. We suspect that one of the Babypips Forum moderators may also be involved.
For those questioning Solid ECN Securities’ regulatory status, we encourage you to visit our website to view our regulatory and registration documents.
Referring to WikiFX, we have provided a screenshot from our inbox in our main discussion, which shows that WikiFX assigns low scores to companies and then requests money to improve the rating.
So Brokers now claim they’re regulated and they aren’t? Does anyone actually have a broker they really trust a lot, seems like a hard thing these days?
Not just “now,” it’s been going on for years. But maybe more, now.
It’s not that difficult. If your account is regulated by CFTC, ASIC, FCA (UK) or any proper European Union regulator, you avoid at least 95% of problems that might otherwise arise.
