Forex Money Strategy Blog – ForexPeaceArmy

FPA Fake Stories About Brokers

November 25, 2008 · Leave a Comment

lieing sobs repugs liers

Experiencing Forex trading is not easy to consider yourself that pro in a short time. And to have a good knowledge of the market and its components, you deserve to have a long time of experience to be fully aware of what may affect he market. And above all, it is important to be aware in cases like Forex brokers reviews, like those in Forex Peace Army. To know what to believe and what not to believe.

Among FPA scam cases, there is that story of Sigma Forex broker. First, the story starts with Felix claiming that SigmaForex and ForexGen are the both under different name. Then, he gradually runs to the stage that SigmaForex is linked to ForexGen. And at last, the story is concluded, as usual, with a scam case of stealing one of their client’s money.

And here you are the story in brief,

FPA scam investigations committee has received a complaint from someone called, Hossam Park. He was a client at Sigma Forex who opened an account with $2500 and after making profits, Sigma Forex refused to withdraw his money, and suspended his account and, moreover “ceased communicating with him”. The reason FPA mentioned why Sigma Forex has suspended Hossam’s account was that “they changed their margin requirements on September 19th and that the trades were closed due to these new requirements. They said “our aim was to protect our account holders from any danger that may affect their investments.”

The only comment should be written here is ‘No Comment’. How a broker could change part of its policy and close all the trades without any concern of the traders or any alert for them. How can a broker ignore its clients easily and damage its business in this simple way. And what is really amazing here is that Sigma Forex could close Hossam’s positions at the same price he got profits but this time he was losing. Oh, the luck was really so close to the broker that in two days they could make their client’s profit turn into loss at the same price, meaning as if he didn’t make profits at all.

Then, FPA ended the case or the story with a happy end this time. Seems like the director, Felix, wishes to make a happy ending movie this time, getting bored of all black ends done before. At last, Sigma Forex returns Hossam’s money back and they are healed by FPA committee. Impossible as it is, isn’t it? For the first time some one claimed to be scam becomes pure at the end!

This is significant in itself. First, FPA tried to show that a certain broker is a scam and published its case and let it under investigation. Then, after spotting light on it, they absolved it from being scam. A clear direct propaganda for themselves and it is clear in the comments made there, all members made the comments are praising FPA and Felix. They are trying to prove that they are the eyes and hands of justice, that whenever the opposite of something is proved they will admit it if it is against their will. Innocent as they are! But in the side scene, their dark ethics are glowing.

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FXCM in the blackmail flames of ForexPeaceArmy

June 22, 2008 · Leave a Comment

For you following up the Forex news, the hottest story right now is another raid from Rob and Felix trying to blackmail FXCM again. It seems they don’t learn, or maybe they have nothing else to do.

They have planted Mr “X” a trader referred to FXCM by one of their closest IBs. Mr X has forged trading reports and statements from his FXCM account telling he has earned $53,500 and asking them to pay.

Same day, the issue is all over the Internet and a storm of angry call, angry chats and email are flooding FXCm support disk. 

FXCM has a tradition of neglecting such waves of hate spread by FPA. Felix has leaked a story 2 years ago that he was working for FXCM to attack other brokers, and that all issues he makes against FXM are just disguising.

No matter where the truth is, FXCM is a large broker and will be there long after Felix and Rob are gone behind bars.

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Financial Times reviews the forex sites – ForexPeaceArmy is classified as scam

June 22, 2008 · Leave a Comment

Financial Times has issues a detailed review on its Friday’s printed version sold all over the world.

Most major brokers and other sites serving the forex industry were reviewed. One conclusion they got when they went through FPA’s site, it is an obvious scam.

Re-quoting them” When it comes down to their review section i have to say that it is sadly very Biased. The traders listed on the site as high star managers are fake names, and their reviews have the same writing style, the very one of the site owner. Feel free to gather information from the site for new traders but be warned that the information and reviews are quite horrible.I have posted multiple reviews with proof of poor performance on traders which have never been posted. I have tried many times with no luck.

Therefore, I would not trust a thing that is on his website due to the inconsistency of his review strategy. I offered to assist him and he just told me to post my comments in his forum.”

 

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Elite Universe Inc. – A part of online Organized Crime

June 20, 2008 · Leave a Comment

Rob and Felix has incorporated a company that has a main purpose, money laundry of their scam services. The millions they are scamming novice forex traders for are going through this company and are smuggled to Russia where felix (Demitri )is financing many illegal activities.

The news brings many inside information about this gang, read more here

Searching wordpress for Rob Grespi, gives you an idea of the caliber of this criminal

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Updates from ForexPeaceArmy Last Attacks & Scams

June 19, 2008 · Leave a Comment

I was personally fooled by Felix the bastard from ForexPeaceArmy

Posted on June 15, 2008.

I was fooled to use their signals, lost all my money after following their signals, and when i returned to them for help, they offered to get me my money back from the broker using their own way. the price was half the money. I was stupid enough to accept that as i was hopeless after my big loss.

I have been dragged to a fight between ForexPeaceArmy and the broker. FPA asked me to post that the broker has scammed me on many blogs and forums. They also asked me to send an email to the broker many times every day claiming that i was scammed.

In the middle of the battle, Felix called me asking for 2000$ up front to continue the fight, and threatened me to let me down with the broker if I refused.

At this moment, i discovered how stupid I was, and pulled out.
FPA showed no responisbilty what so ever for the fact that their signal was the reason for the loss in the first place.

Using unethical methods to blackmeil the broker to cover the loss never felt the right thing to do for me, and I really regret it. I have given up the case and told the broker all about what happened. To my surprise, they thanked me and rewarded me for honosty with a little deposit that I’m using now to trade, without the fake signals from FPA (Rob Grespit’s) of course.

I know many brokers are bad, but FPA is the worst thing on the forex market, watch out for these unhonost people.

I was googling for forexpeacearmy and found this blog that tell many stories about the forex market and FPA

http://forexpeacearmy.wordpress.com

These blogs are also showing many strange things in the forex industry, and most of them involve ForexPeaceArmy scams in a way or another

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  • robgrespi
  • diamondsignals
  • avaforex
  • dukascopy
  • etoro
  • fxsol
  • tradeoracle
  • tradeviewforex
  • luisrivas
  • felixhomogratus
  • homogratus
  • rovecapital
  • fxcmblog
  • alpari
  • mastersforex
  • tradinghouse
  • fxstreet
  • gftforex
  • openforex
  • topforexreview
  • prosignalforex
  • forexkiss
  • fxtradingnews
  • gofx
  • forextsd
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  • fxgeneral
  • renegadefx
  • activtrades
  • forexpipscollector
  • forexeducator
  • dbfx
  • forextrainingpro
  • adampecherski
  • oandaforex
  • Read Full Post | Make a Comment ( None so far )

    Recently on etoro Official Anti Weblog…

    New raid from Felix, now attacking eToro

    Posted on June 13, 2008.

    etoro scam

    Posted on June 12, 2008.

    Felix is spamming his members with this shit about Dukascopy

    Posted on June 10, 2008.

    Forex Trading Scams – Dukascopy reputation ruined by Fleix

    Posted on June 10, 2008.

    Felix attacks Dukascopy for the third time in one year

    Posted on June 10, 2008.

    Barack Obama gets attacked by Felix :)

    Posted on June 9, 2008.

    A trader fights with Felix and Rob after losing $100k

    Posted on June 8, 2008.

    Scamming Forex Brokers

    Posted on June 6, 2008.

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    Felix and Rob in deep shit again

    June 17, 2008 · 7 Comments

    Hot from the news,

    The master database of ForexPeaceArmy and all related sites have been hacked. Users data have been stolen. Hundreds of members of the sites and services are reporting getting emails from the hackers.

    The problem with this security breach is that the trading sites owned by FPA, like avafx, share the same database, so basically, traders information have been hacked.

    We urge all members of these services to at least change their passwords and be careful of emails they receive. in the coming days.

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    Another fake signal from Felix has just came out–Traders, watch out.

    June 16, 2008 · Leave a Comment

    Hi there 

    This is Felix writing. I wanted to share with you my outlook for the month of June, 2008.

    I just recently sent in an order to my bank to go short on GBP/CHF. In my opinion, considering the current circumstances, the strongest currency out of the 8 majors is Swiss Frank, and the weakest is Great British Pound.

    I actually initially called a short on GBP/CHF back in December of 2007. During that time, everybody was being crazy about shorting GBP/ JPY, which was definitely a good thing, but I remember talking over the telephone with my partner Sir Pipsalot, who is running the ForexDiamonds.com service, and I told him that I think a short on GBP/ CHF is even better than a short on GBP/JPY.

    Well, to make the long story short, in 2008, on global scale, Swiss Frank gained 7.19%, and Great British Pound lost -3.07%. In comparison to Swiss Frank, the Yen only gained 0.48%.

    Yep, it seems like everybody was talking about the strong Euro and strong Aussie in 2008, but in reality, Swiss Frank outperformed them both. Here are the detailed statistics on all 8 currencies:

    CHF: +7.19%
    AUD: +5.72%
    EUR: +4.08%
    JPY: +0.48%
    USD: -2.32%
    GBP: -3.07%
    CAD: -5.18%
    NZD: -5.19%

    Looking at these statistics, you may be wondering how in the world I came up with these numbers? Well, the way I came up with them is I compared each currency against the 7 other currencies, then I derived an average from that. This way, we can not only know how a currency performed against one other currency, but we can know the average against all the other 7 majors.

    I actually requested a programmer to build me a calculator to do that. This way I could see in one snapshot the overall picture for today or yesterday, or for last week, or last month, or any custom date. And we are actually going to offer this calculator as free tool for our ForexPeaceArmy community. Wait for an announcement on that sometime this month. I believe this tool would improve your trading.

    Anyway, sorry about that, it seems like I got a bit carried away here. Let’s go back to our GBP/CHF short.

    Here is the situation. The UK economy has been put in a tough situation. Their inflation is going up, while their overall economy is slowing down. So there has been a lot of uncertainty about the UK interest rate which is at 5.00%, which is still very high, comparing to the rest of the world.

    So what has happened, is in the month of June, GBP has actually gained value, because there were speculations of further rate hikes. You may be surprised to hear that, because it seems like GBP/USD is going down. The reason it’s going down is that US dollar has gained even more value than GBP. But if you compare GBP against all the other 7 majors, and derive an average, it’s actually gained around 1.06%, just in 10 days, which is a lot.

    So to make the long story short, the market is currently pricing in rate hikes from the UK, which are highly unlikely, so if there is a cut in the next 3 months, it would be a big surprise, and the pound will lose a lot of value.

    On the other hand, the Swiss government seems to be very happy about their interest rate of 2.75%, and the market is still pricing a possible cut by the end of the year. Regardless of it, the CHF has gained 1% in May, and already gained 1.86% in June comparing to the average of the other 7 majors.

    So we are definitely seeing a solid trend of falling pound, and solid trend of rising Swiss Frank. Please note that the pound is falling, despite their high interest rate, and if they cut, it would only aggravate the fall. On the other hand, the Swiss Frank is rising, despite the fact that there are talks about possibility of rate cut by the end of the year. So if they decide to stay on hold, or even hike, it would only put fuel into already rising frank.

    I hope I am making sense here, and of course once that calculator is posted, you will be able to have a very invaluable tool to your trading.

    That’s all I have to say for this month. Next month, July, one of my friends who is managing a fund of several hundred million promised to write up his take on the forex market  I personally look forward to that analysis.

    What do you think about what I said about Pound and Frank? I’d love to hear your feedback and your 10 cents on the issue.

    Thanks
    -Felix

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