Forex Reviews – Forex Brokers Comments – Page 349

I saw an advert linked to TV explaining that I could make some easy money by investing only 250 euro, I registered with everFX and had an agent (Darina) call me and said everything will be OK, I have no trading experience so I put my trust in this so called broker, Darina got me to invest 10,000 euro within a couple of days, later she told me if I don't add another 5,000 euro I could lose the original 10,000 euro, she was so forceful, reluctantly I invested another $5,000, I managed to get her to forward me 1,000 euros which totaled 875.26 euro, even that took about five days to go into my account, after about a week I made about 5,000 euros, after about two weeks I requested and ask if I could take my money and my profit and go, she said no I cannot, she said I need to invest another 5,000 euro to be able to withdrew any money, I told her I don't have anymore, she insisted and told me that I do, I got quite angry and told her I do not have anymore, she reply well I'm sorry but you will lose your 15,000 euro plus the profit totaling about 20,000 euro and the initial 250 euro I started with, now all my money is gone, I have nothing.
EverFX Noel 20 Aug 2020 Reply

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Good day Noel The same situation happened to me where I had to continue depositing funds to try and protect my capital. Lost everything.
Ian 24 Aug 2020

Did you or anyone manage to raise a claim against them? I am thinking if I can find a reputable chargeback company to get at least something back.
Lina 20 Jan 2021

System is currently down. And all I can do is watch my money loose coz I cannot come out of my trade. Their chat room is also unavailable.
LiteFinance Myst 20 Aug 2020 Reply

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Dear Myst, Provide more details please and tell your account number. We need to check everything. Best regards, representative of LiteForex
LiteForex 25 Aug 2020

Profitix is reckless with their trades. Don't trust them with your money. I just lost a lot of money. Got me to enter a trade on Monday and today is Thursday, my account is totally wiped. And no phone call to apologise from their so called VIP broker Kristoffe ***. Aggressive and arrogant. Don't think he is name is really Kristoffe ***!
ProfitiX Ruth 20 Aug 2020 Reply

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Good day Ruth, For concerns, you can email us at helpdesk@profitix.com. You can also call us using our toll-free number +18007997635.
ProfitiX 25 Aug 2020

The same thing happened to me, I had to find out my self. No one called me and told me anything. And they tried to get me to invest more say that's the only way to get my money back of which I refused. They keep emailing me to sign documents but I'm refusing to do so.
Theresa 5 Sep 2020

My husband just lost 200k aud with ProfitiX. I warned him but he din't believe me. So now he got so sad and crazy.
Michelle 11 Sep 2020

I love trading with this broker, the advise are clear and effective. People are very friendly and signals are profitable.
ProfitiX Ellenna 20 Aug 2020 Reply

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Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

They process withdrawals without any delays. They are easy to be with. They listen to customer's concern and attend to it promptly. I am currently trading with them for almost six months and will surely keep the services.
Uptos Bri 20 Aug 2020 Reply

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I'm an IB of Exness since many years but now going to stop working with them as the terms of Withdrawal changed. It's very unfortunate to release these kind of impractical rules. Now clients cannot withdraw fund with freedom like before. Please beware of this condition before depositing any fund into the Exness Broker. Your Withdrawal will be rejected by them if you have not traded enough or sufficient TRADING Volume since you last deposited any amount. Suddenly, my clients started approaching me regarding this issue when their Withdrawal got rejected multiple times. At first I thought it might be due to some Payment system issue. But customer support executive informed me that Withdrawal rejected due to not sufficient trading volume. Do any one believe these kind of condition implemented by the broker that you cannot make Withdrawals unless they feel you traded enough lots? Now you cannot withdraw your funds untill you made a sufficient trading volume (which if you ask the customer support, they also don't know how much we need to trade, they will tell you that it's not fixed, System will automatically approve whether you are eligible for Withdrawal or not). I'm not talking about profit Withdrawal, you cannot even Withdraw your initial deposit if system detect that you didn't performed sufficient trading volume. Is it a practical rule? What Exness want to prove that client should Withdraw as per Company's wish? Now Exness is doing scam by holding you Withdrawal legally as per their Terms & conditions. It's also strange that they don't inform you during deposit process, So client will aware about the Withdrawal in future. Means they will directly inform you this condition at the time of Withdrawal , So you'll be helpless. How will client trade more just to make Withdrawal? What if the extra Trades goes in losses? Who will be responsible? If any client need the fund for any emergency and He made a Withdrawal, He will not sure whether He's eligible for Withdrawal of fund. What a strange Rule? Please beware before depositing any fund in exness and ask customer support. Exness become scammer. Thanks!
Exness Hussain 20 Aug 2020 Reply

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Hello, thank you for your review. Exness intention is to continue cooperation with every client as long as possible. Please note that our conditions have not changed, your Exness account may be blocked (visit exness.com and read the General Business Terms, paragraph 1.4 (e)) if recurring deposits and withdrawal operations in the absence of trading operations are identified. It is not requested to open or close any specific number of lots. However, as Exness provides trading services, and not an exchanger, trading activity should correspond to deposit amount. Please simply inform your client to continue their trading activity as they prefer, and request the withdrawal in a while. You can always contact us via live chat on exness.com if your trading activity is adequate and the withdrawal has been rejected.
Exness 21 Aug 2020

I'm having the same problem with them. Now I can't withdraw my profit. I'm going to stop using them for this reason!
guest 29 Aug 2020

If i deposit $100 with my skrill, and make $5000 profits on trading, will I be able to withdraw that money and what is the maximum amount of withdrawing to Skrill.
FBS Lad 19 Aug 2020 Reply

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You can withdraw your funds, first you refund your deposit then you withdraw your profits. If you want to use Skrill you would need to first transfer your $100 back then make another transfer for your profit of $5000. We do not set any minimum or maximum amount limits, to clarify this information you need to contact Skrill support in case your account has such restrictions.
FBS (Official) 26 August 2020

OctaFx will deposit your money within few minutes but they will not withdraw your money. Trying to make excuses all the time.
Octa ZM 19 Aug 2020 Reply

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Dear ZM,

Thank you for contacting us and sharing your concerns. It's unusual for our traders not to be able to withdraw their funds within a matter of hours, so if you'd be so kind as to share your trading account details, we'll be happy to look into it and investigate the matter.

Normally all withdrawal requests are processed within 1-3 hours. However, there could be hold-ups, especially when our team handles a lot of requests. In these cases, we ask our customers to allow us extra time to process their payments. You can always check on your request status with our team, and they will be happy to keep you updated.

We're looking forward to hearing from you soon. Please don't hesitate to send us a note and remember that we're always here to help.

Kind regards,
OctaFX Rep.
Octa (Official) 17 November 2020

Yes, i tried to withdraw yesterday. I clicked, its stuck in "Pending" & now its around 1 day, my money is nowhere to be seen.
Pratyush Baral 13 Jan 2021

It seems that I can't withdraw all of my deposits because it stated that my bank card is not verified. I can deposit, but can't withdraw at the same time using same bank card. I did contact clients support, but no reply.
LiteFinance AJ 19 Aug 2020 Reply

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Dear AJ, Please be sure that you will not have any problems with withdrawal. LiteForex team will help you with any question. Best regards, representative of LiteForex
LiteForex 25 Aug 2020

Fast and easy withdrawal process. No stress transactions, although not fastest customer supports but easy to deal with.

ProfitiX Alber 19 Aug 2020 Reply

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They have the best trading software and the most profitable trading signals. I find it easier to place trades and organize multiple trades and account on their platform than on any other.
Vlom Jenny 19 Aug 2020 Reply

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I am truly amazed with this broker performance. They're able to bring about 20 percent monthly profit on an average. They set the bar high at the start but they were able to meet and even exceeded my expectations. I trade with ease and confidence because I got the best broker to back me up.
Uptos Savet 19 Aug 2020 Reply

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I've had a live account with lblv almost for year now. I was just going to give it a shot, $100 is not that much after all, but I guess I like it here. Very low slippage and rather good spreads etc. I consider them as an overall reliable broker.
LBLV David 18 Aug 2020 Reply

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They have the best customer service and the most accurate trading signals. I never have any problem with any of their desk, they're all very professional and friendly.
Uptos Salva 17 Aug 2020 Reply

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The Top Forex Expert Advisors 2024: Performance, Strategy, and Reliability Review

An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.

CMS Forex is a complete scam. All important information lies somewhere in the jungle of agreements, which you should at least re-read before each opening of a trading order, wherever you are not deceived. I will definitely not be contacting your alleged specialists again. The rest of the finance has already been withdrawn. What I wish for everyone else. Let them know and learn from the mistakes of others. The company draws candles on the charts and resets deposits to clients, which was confirmed in my personal experience. For the AUD/USD pair, the chart had a low of 65.45, when all other brokers did not lower the price below 67.45. The client agreement states that in the event of a claim, quotes from other companies and information resources will not be accepted. Avoid CMS Forex, sooner or later they will draw a candle and you will lose your funds.
CMS Forex Wong 16 Aug 2020 Reply

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Working with Olymp Trade is actually very easy. It has 2 convenient trading platforms - the broker's platform and MT4. This is more than most brokers can offer. It was also very important for me that my future brokerage had a large base with training materials, and this is exactly what this broker is strong in. It really has a lot of training of different kinds: there are articles, videos on YouTube and stuff like that. So in this aspect, I was very happy with Olymp Trade educational. But when I opened an account with this broker about a year ago, I didn't even think that I would enjoy trading with it that much. However, this is exactly the kind of broker that you just want to trade with in the long run.
It is with Olymp Trade that I get the trading experience, which I lacked so much to stop being just an amateur in trading. Of course, this is my achievement (most of it) too, but without a good broker I wouldn't have been able to go that far.
Olymp Trade Fray Vastenhouw 16 Aug 2020 Reply

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Hi, dear! Thanks for placing your trust in us and your willingness to share. It is precious that we have helped you to learn and gain trading experience. We are glad that you considered our platform suitable for the long run and found it convenient and educational. Have a fruitful trading! Best regards, Olymp Trade team.
Olymp Trade 18 Aug 2020

I keep uploading my proof of residence and they keep denying me. I live with my parents so I don't of it is because of the name on the proof of residence is wrong but can you guys please help me.
Exness Adele 16 Aug 2020 Reply

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Hi, thank you for your review. Please contact our customer support via live chat on exness.com, our team will help you with your documents. We look forward to hearing from you.
Exness 17 Aug 2020

good number of tradable instruments, cypto currencies included, great asets, competitive spreads and very responsive with a good reputation.
HFM Mengay 14 Aug 2020 Reply

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I have traded with CMTrading for 2.5 months now. Being taught how to trade, online tutorials and webinars have been excellent. However, when I joined and was slowly learning how to trade I alternatively invested 1,900 USD on CopyKat which did a good job with profit of USD 20,000 in 2 months. However, on 21 June 2020 I woke up to find all my money gone - i.e. investment and profit. The explanation I was given by CMT is that the person I had copied, closed all trades including those that were running at a loss. I lost all my money and my account is now running minus 7,000 USD. Still shocked!
CM Trading Magoma Nyameta 14 Aug 2020 Reply

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Magoma Nyameta. Hi there. Any updates on your last post?
Wendy 27 Aug 2020

Hey. Did you ever get your money back?
Dylan 4 Nov 2020

Did they ever try to rectify the problem or give you back the money you lost?
Freda 14 Dec 2020

Hi @Magoma; are you still trading? And involved with CMT?
Jasper 12 Jan 2022

Thank you all for this review, indeed you all are life savers. Never will I invest in such a scam. Thank you guys for your comments.
Kingsley 12 Oct 2022

I decided to trade with this account with very little research as I was a beginner and excited. I initially deposited 250 euros and then a new manager stepped in to "guide" me and convinsed me to deposit more money into the account. Which was a horrible mistake. I spent all the money I had gathered, and had almost nothing left! Then I asked them to withdraw the money and even filled in the withdrawal request form however they said that I had a contract and that it needed to be closed first, so by closing it they started doing trades to get rid off all my equity. I was so confused and before I could even say anything. my account reached a negative equatiy which I didn't think was possible. Now the legal team have contacted me saying that I owe the bank money as they have reached to an agreement! I have nothing left with nothing to do. I decided to get a lawyer for now to ensure if i am being scammed or if they really kicked me over. Any advice or knowledge do you have that could help?
Askobid shakar omar 13 Aug 2020 Reply

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I have a Account Octafx I deposited my money 1500INR to My Trading account due to some Octafx Internal name issue my money is not credited to my Octafx account. I am waiting for last two day till now my money is not refunded my bank account kindly refund my money.
Octa Aravindhasamy 13 Aug 2020 Reply

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Dear Aravind Hasamy,

Thank you for sharing your feedback with us.

We regret that we couldn't respond to you when you posted your review, but we didn't work with forex-ratings reviews until now. Looking into your inquiry, we can see that you made two third-party deposit requests on August 12 and 17. Since we don't allow any third-party payments for security reasons, our team asked you to provide details for refunds. We can also see that the second payment was successfully refunded, but the details for the first you sent were incorrect. Our team has sent you another follow-up letter now asking you to provide refund details. We hope you received it and will get back to them as soon as possible.

Please note that according to our AML policy, third-party payments are not allowed at OctaFX. Any requests that were sent from accounts other than yours will be refunded. We ask our customers to pay close attention to this fact before signing up and creating a trading account. We also want to inform you that refunds could take up to 30 business days, but it could become an extended period of time in some cases. You should contact our team immediately if your payment were declined as a third-party transaction so that our team can process a refund and provide you with relevant information as to how long it might take.

We're looking forward to hearing from you soon. Please don't hesitate to contact us whenever you have any questions. Our team is always here to help, and they will be happy to assist you.

Kind regards,
OctaFX Rep.
Octa (Official) 17 November 2020

You have got your refund till now or not?
Kashif 28 Sep 2020

ROinvesting is a great broker. For a year of work, I did not have any problems at all. I do not earn much - $ 100-150 per month, but this is a pretty good increase in salary, considering that I spend no more than a couple of hours a day on trading.
ROinvesting Theodore 13 Aug 2020 Reply

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I've only been trading about 6 month here, so perhaps my opinion is not the most valuable one, yet, I have smth to compare the service with and trading with exCentral creates a nice impression after all. The broker suits active intraday trading. Paltforms are typical : MT and its webversion. The difference that I've noticed here after having a negative trading experience with the other brokerage - quotes are good. No spikes, no other manipulations detected. When I buy or sell market (which I do rarely), the result is definitely not as favorable as working with limit orders, but at least it doesn't take long to execute. The spread is noticable, but at least you don't miss the whole move while they try to execute (which happened to me before with my exbroker) The only thing - I really don't like the idea of inactivity fee here, however,so far I'm ok with that, as I trade almost every business day.
eXcentral Cris Nowak 13 Aug 2020 Reply

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Dear Cris,

Thank you for taking the time to review eXcentral. Your feedback is greatly valued, as it helps us maintain excellent standard of service to our customers.

eXcentral
eXcentral (Official) 18 August 2020

So far I have positive results from trading with ROinvesting. I tested trading with different tools and concentrated now on commodity trading. Also, the educational materials of the broker turned out to be very useful.
ROinvesting Leonard 13 Aug 2020 Reply

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Future Trends and Developments in Forex Trading with Expert Advisors

The future of Forex EAs lies in the further integration of AI and machine learning technologies, enabling the creation of even more sophisticated and adaptive trading systems. These advancements could lead to EAs that better understand market sentiment, predict future movements with greater accuracy, and manage risks in more nuanced ways.

One of the forex industry's best broker to deal with. They are very dedicated in providing great signals. I have been using their signals for a few months now and I am very satisfied with the outcome.
Uptos Alvin 13 Aug 2020 Reply

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I made a deposit into excess and I've been trying to withdraw for days, they keep rejecting? not happy one bit.
Exness Emilia Kalu 12 Aug 2020 Reply

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Hello Emilia, We apologize for the difficulties you experienced while making a withdrawal. Kindly contact us via live chat or email to check it. We'd be happy to help you. Thank you, and have a great day ahead!
Exness 14 Aug 2020

Hi fellow traders. I want to ask you guys who use options (fixed time trades). How fast is the withdrawal for an account below $2000?
Olymp Trade David Yusaku 12 Aug 2020 Reply

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Hello there! The maximum withdrawal period is 5 business days after the request is made, but we always try to process requests as quickly as possible. As a rule, 90% of requests are processed within 24 hours or the next working day. Funds withdrawal speed also depends on the status level. The higher your status is, the higher priority is given to your withdrawal request. Best regards, Olymp Trade team.
Olymp Trade 14 Aug 2020

I have opened clasic pro account id 8890936 with initial deposit $2000 with single transaction. In case of amount deposition in account, there's no-restrictions or no-limit. but for amount withdrawal they restricted to $200 maximum and most of the times they totally blocks the withdrawal and gives very lame excuses without any time bound. I experienced non-execution t/p by wide enlarging the spread (they never allowed to take profit by telling false reasons illiquidity and spread etc) I sent a Withdrawal request on 22nd july. and they said as "done it" but not credited to my account. After multiple live chatting and complaints as not receipt. sarcastically they come up by mail after 15 days on 5th August by saying "you gave wrong account details and we transferred to it. our duty is over, it's your mistake. we can't able to do anything in this case". i wondered, pleaded for reversal and paying back to me. with continuous follow up there's no response. when I requested to let me know to the which account they paid. I found it as there's no such account exists in that bank. This is very ridiculous and pathetic. it will reveals how they downgraded and bluff their traders. It's a usual practice that from which account the amount is getting deposited, to the same account they should transfer back the amount. My account num is *****644708 and cleverly they said they transferred to *****544708. When I directly enquired in the bank they revealed it as the account number *****544708 doesn't exist and which is a false account number.
Exness Ravindra 12 Aug 2020 Reply

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Dear Ravindra, the minimum and maximum amount you are allowed to deposit/withdraw depends also on the payment system you use. You may check the amount on our website. If a withdrawal is rejected, the reason is also visible in your personal area, in the withdrawal tab. In your case, as mentioned, you've entered the wrong account details during your withdrawal. As advised via email, we kindly request a letter from your bank in order to help you further. We look forward to hearing from you.
Exness 13 Aug 2020

I'm really happy with Roinvesting's quality of service. I've worked with two other brokers before and they were nowhere near that good. Customer support is really friendly, and the trading conditions are really profitable. Highly recommend!
ROinvesting Calvin 12 Aug 2020 Reply

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Its been 3 weeks now and my withdrawal keeps on being rejected. The live chat people do not help whatsoever, the solutions they give have never worked and now they are blaming my bank for the rejected withdrawals, but when i go to my bank they tell me that they haven't rejected any incoming transactions nor did they reciece any transaction. This is a bad broker, whatever happens never deposit your money you will never get it back.
Exness Ronewa 11 Aug 2020 Reply

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Hi Ronewa, we understand you had issues with your withdrawal and we regret that. Please note that we always help our clients to withdraw, kindly chat with us and follow the steps/solutions we recommend to withdraw. Thank you.
Exness 13 Aug 2020

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