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Forex Reviews – Forex Brokers Comments – Page 356

Its a big scam, I invested 250 Euros and asked for withdrawal after reading the reviews. As soon as I asked for withdrawal, the company stopped responding and in the end I lodged a dispute with my bank (as I paid via credit card) and these scammers returned my funds. Hope you all get your funds back. I would also recommend to report the matter to CySEC (I reported the matter to them). They will take your money and won't reply to your emails or messages.
Askobid Raj Bahri 11 Jun 2020 Reply

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Hello N&n, I have been a victim of this scam, did you managed to claim your money back or is there a way to claim the money back? I'am desperate need of help.
Y&T 23 Jun 2020

I like fxpro. There are flexible trading conditions, you can choose from different platforms with different types of execution. Also, FxPro offers a very good variety of trading instruments.
FxPro Shaman 10 Jun 2020 Reply

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As a beginner forex trader I was always looking to currency pairs and only now I realized that for learning I can trade other instruments, be in a demo account or a Cent account. So I can improve my skill and market understanding trading stocks, oil and even metals. At the end of day, everything is traded as CFD. Starting with metals at FBS. Let's see.
FBS Francisco Jorge 10 Jun 2020 Reply

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Hello, Francisco Jorge!
Thank you for your feedback! We are happy to know that you have chosen FBS for starting your path of a trader. Wish you lucky trading with metals!
FBS (Official) 16 June 2020

I know that scalpers are not welcomed in trader's community and that a lot of brokers set up rules against scalpers and this is why I relieved to know that lblv doesn't have lots of restrictions. I trade intraday, and my orders are mostly within 10-20 min interval and so far I've met no problems with it. Really a good broker!
LBLV Pops 10 Jun 2020 Reply

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Yeah, LBLV is pretty chill, but technically you aren't scalping. If your orders last longer than 5 minutes, you can't be a scalper :) Do you want to say that you had problems with 10-20 min orders while trading elsewhere? This is odd. Are you sure that your last broker wasn't a scammer?
Selud 25 Jun 2020

Actually, a decent chunk of brokers don't allow scalping, and each one of them set their own terms about it, and some brokers don't allow to close an order if it was open for less than 5 or 10 minutes. AFAIK, lblv don't have any of these restrictions.
guest 10 Aug 2020

The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

I don't feel this broker is scam, people without knowledge of the terms and forex are just victim of loss and blaming it on the broker. what do you expect a broker with high leverage and low minimum deposit...of course it's amateurs that will fall for early loss without good experience and start blaming it on the broker. No need to blame get experience look at the spreads, lots and many more before going in.
FBS Tope 10 Jun 2020 Reply

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Dear Tope!
Thank you for finding a moment to leave a positive review on working with FBS! We highly appreciate it!
FBS (Official) 16 June 2020

Total live trading is a year and 3 months, mid sized premium account, manual trading. over all experience is good, mode of payments (withdrawal/deposit) is skrill linked to an ewallet and its almost instant. max withdrawal time is 48 hrs. deposits are instant. Im very pleased with results though the market lately is running havoc. stay safe every one and happy pip hunting. Conclusion: great broker.
HFM Donna Mae 10 Jun 2020 Reply

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Hi Donna, I am reading your review and I just wanted ask if they have the ability to wire money or is it BTC they operate from, I am in the US I was with a foreign broker *** and I recharged using BTC fortunately didn't lose much but it turned out after 7 months of trading when I had a good profit and tried to withdrawal my account disappeared a long with my money so I am very hesitant to try a broker having little trust issues.
Concerned Prospect 9 Dec 2020

I was recently scammed by XM. I am a first time Real Account Trader and XM was recommended if you want to start off risk free. Ive done my due dilligence but XM was 50/50. I tried withdrawing to my Skrill Account but i had complications with Skrill so i had to cancel. I tried to withdraw again and all my money was gone. I get an email saying things i literally dont understand. Dear Valued Client, We are contacting you with reference to your account(s) no. 57048994,4875388 (Your Account(s)) at XM Global Limited. The trading patterns in your Account(s) raise serious concerns regarding the credit bonuses we have granted to your Account(s), since these were used for cash-back arbitrage activities. Pursuant to the Terms and Conditions applicable to our credit bonuses, the following activities are qualified as follows: Any form of arbitrage trading. Bonuses claimed by multiple Accounts that were registered from the same IP address. Various practices of bonus manipulation. Breach of any points included in our bonus Terms and Conditions. Any fraudulent activities, disputes or situations that our Management considers as fraudulent. Accordingly, we regret to inform you that, in accordance with the terms and conditions, we have decided, with immediate effect to, (i) close your Account(s) with Trading Point, (ii) to nullify all trades carried out in your Account(s) with Trading Point, and (iii) to cancel any and all profits or losses garnered in your Account(s) with Trading Point. Please note that, in accordance with the terms and conditions, our decisions are final and binding on all participants and that, other than the notification set forth herein, there will be no further correspondence on this matter.

XM Collins Echefu 10 Jun 2020 Reply

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when you make profit they will send you emails you won't even understand telling you that your trading raise some concern and they are closing your account and you won't even get your profit only initial money. I will not recommend this broker to anyone.
Guest 24 Jun 2020

Thanks for the people giving comments based on their experience. I am looking for some honest broker, and its difficult to find one. Mostly I see all the brokers are cheating someway or another, eiher in spreads, or in charging, or in withdrawals and reluctant to give you back your hard earned money. Can any one suggest good honest broker here plz. Appreciate it.
Imran 29 Sep 2020

I started with this company with $250. Later I can there is some profit comint in. I wasn't allowed to withdraw from the "withdrawal available" I was force to deposit until $16K but the account balance is getting more due to profit. Again I did ask for withdrawal but they always gave unreasonable excuses which I knew. Every time tell me to top up the deposit. I knew that I've been scammed. Every withdrawal available was taken away. Lastly I saw my balance was $82k.
That is the time where by they said it dropped until $2k. I think they have their own way to take my hard earn money. Is there any other way where I can get back my money. I join them since 7 May 2020. Not a single cent I get my withdrawal. Please help me.
eXcentral Emillia 9 Jun 2020 Reply

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Dear Emilia,

We are not aware of any technical problems with the withdraw button. Please contact our support team at support@excentral-int.com, and provide them with your account reference number to investigate this further. We apologise for any inconvenience this may have caused.

eXcentral
eXcentral (Official) 10 June 2020

Tried to withdraw $250 initial deposit. After they (EverFX) confirmed withdrawal acceptance still no money returned.
EverFX Kevin Morgan 9 Jun 2020 Reply

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Did you get it back?
Christian Jones 20 Jan 2021

Made the deposit of $250.00 with EverFX, lost a further $750.00 with fraudulent transactions on my credit card and had card suspended, I am e-mailing EverFX manager to cancel my registration and request a refund.
Ian 7 May 2021

my withdrawal money already 5 days still not received yet. where is money?
LiteFinance atiqah 9 Jun 2020 Reply

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Hi atiqah, have you received your withdrawal money? I plan to join the liteforex and am not sure it's a right choice
Bawani 13 Jun 2020

Dear atiqah, Did you get you money? Best regards, representative of LiteForex.
LiteForex Official 24 Jun 2020

This broker is a scam. when u close a trade where you have won, they automatically close a loss trade. the trades that u have won disappears from your history. speaking from experience this is a scam.
FBS Patricia Siame 9 Jun 2020 Reply

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Dear Patricia Siame!
We would highly appreciate if you provided here an example of such case.
We have checked our system, but didn't find any attempt to contact our customer support in order to check your situation. Please, kindly be informed that you can check the log files from your terminal yourself or request them from our customer support via support@fbs.com.
FBS is fair and regulated broker and thereâ€™s no place for any unethical actions from our side. And if you consider some of your orders executed incorrectly, you can always send us a claim.
Looking forward to hearing from you!
FBS (Official) 9 June 2020

indices counter pip value is ridiculus. trading on .01 lots is equivalent to trading on .001 lots. but here's the mindblowing and interesting part. it eats up the same margin as trading on .01 lots while actually the pip value is .001
FBS pipseater 9 Jun 2020 Reply

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Dear Sir/Madam!
Could you kindly specify your comment?
We would like to remind you that margin for all CFDs, Metals and Stocks is counted differently from currency pairs. The formula is following:
Margin = Opening price * Order volume * Contract size * Percentage / 100
Example:
1 lot on WTI Oil = 1000 barrels
Percentage is 3% (you can see it in the contract specifications - http://prntscr.com/swhdj0 )
Thus, if you open an order of 1 lot on WTI Oil at the price of 37.4000, then the margin will be: 37.4000 * 1 * 1000 * 3 / 100 = 1122
As for one point value, the formula is the same as for the currency pairs:
One Point Value = One Point * Contract Size
Please, kindly be informed that you can check the contract size in the contract specifications in your trading platform as well.
Also, we would like to add that you can always make all the calculations using our Traderâ€™s Calculator (https://fbs.com/trading/traders-calculator).
FBS (Official) 9 June 2020

Hey there, I don't wanna lie but exness is one of the best brokers for me but they should fix their withdrawal system because it's difficult to withdraw your profits because they always reject my withdrawals they want me to withdraw the initial deposit
Exness Lonwabo 8 Jun 2020 Reply

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Dear Lonwabo, please be informed that when you deposit using the bank card, the first withdrawal must be equal to the initial deposited amount. This is known as the bank card refund. Upon completing the refund of all deposits made by bank card within 90-days, you may proceed to withdraw your profits. If you have any questions, please contact us on our website
Exness 9 Jun 2020

I need to ask question, is there any rules to withdraw money from my account on the platform, or i can withdraw money at any time?
Olymp Trade Mohamed Tharwet 8 Jun 2020 Reply

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Hi there! The minimal amount of withdrawal is 10 dollars or euro. You can withdraw only to the source of payment that you used for depositing. Each withdrawal request is processed after the previous one is done. For more questions kindly visit the "Help" section of our website or contact the support team (available 24 hours) in the same section. Best regards, Olymp Trade team.

Olymp Trade 9 Jun 2020

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.

I'm disappointed, stoploss hit but never reached simply because my phone went off. With plus500 it didn't reach. I'm out, the worst!
Exness Cas 8 Jun 2020 Reply

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Can i withdraw from fbs to paypal?
FBS Loyd 8 Jun 2020 Reply

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Hello, Loyd!
While thereâ€™s currently no way to withdraw using PayPal due to their regulation, we appreciate you taking the time to let us know what youâ€™re looking for! At the moment we are trying to add as many other convenient payment systems as possible. For example, you can deposit and withdraw using an Exchanger, this payment system allows you to perform direct transfers with your bank account.
OnlineNaira:
- Cash into bank,
- Bank Wire transfer or Online Banking,
- M-Pesa (African East, Kenya, Tanzania),
- Mobile Money (Ghana and Uganda, Zambia, Rwanda, and Tanzania),
- ATM,
- Debit and Credit Cards (issued in Nigeria, any International Card)
- Visa QR,
- Kwikmoney, USSD.
PipsEmpire:
- Local South African banks (FNB, Nedbank, ABSA)
You can also find plenty of other choices, using e-wallets like Neteller, Skrill, Perfect Money or SticPay.
But we would like to remind you that withdrawal should be performed via those payment systems which were used for deposit. In case you need any help regarding deposit or withdrawal, please, contact us in chat on our site or via support@fbs.com.
FBS (Official) 9 June 2020

I tried to open a trade on XTIUSD several times but is still not opened. Is there any problem with this currency pair?
Octa Thabi 8 Jun 2020 Reply

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Dear Thabi,

Thank you for taking the time to share 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. Unfortunately, we couldn't look into your previous enquiry and identify you on our system since you didn't provide your trading account number. However, we sincerely hope that even though an extensive amount of time has passed, you received proper assistance from our team, and your issue was resolved.

Please note that trading instruments could be temporarily unavailable for various reasons, such as extreme volatility, illiquidity, underlying market suspensions, etc. In cases like this, we ask to wait for a while and allow extra time for the market to get back to its regular condition. You should also contact our team immediately whenever you come across an unavailable asset. They will be happy to navigate you through the recent market news and provide further guidance.

We hope that you continue using our services now. Remember that if you have any questions, you can always drop us a line, and our team will be more than eager to help you out.

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

I would like to share my experience with the Forex community on my experience of HotForex (HF). One of the basic & fundamental requirements for a forex broker is to provide an efficient & effective way for client to deposit fund and a responsive support team. When such basic & fundamental requirements cannot be fulfilled, then the client will face serious consequences of financial loss leading to more complicated resolution. On 3 crucial occasions, HF took more than 1 to 3 hours to process credit card deposit. Though I have reported these 3 incidents to the account service manager and the management, there is no reply nor good explanations why similar incidents keep on happening. A forward-looking and professional run broker will attempt to look into the root cause, address the gap and thereafter explain to the client. But not for HF. They simply ignore this issue and try to divert the blame to the client for not managing their position. This does not speak well for HF. And to make matter worse, after HF leisurely decide to update the deposit, client has to transfer this deposit from wallet to the trading account. This means that the clients have to constantly and at the mercy of the HF backend staff to monitor that the deposit is updated to your wallet and then quickly transfer from the wallet to the trading account. At every crucial moment, it is very difficult to get in touch with any HF staff including the live chat agent and account manager. My experience with the HF live chat agent give me an impression that they are like a postman or middleman between the client and the HF backend support staff. Frequently live chat agent is unable to resolve the matter. Instead the live chat agent would refer the client to email HF support or deposit team. Though I am given a direct line to the account manager, the account service manager took just as long as the time needed for the HF to process the deposit. Call to the account service manager direct line not picked. Messages sent to the account service manager direct line was responded 1 hour later. Fortunately on those 3 occasions, the stop out level was not reached otherwise my positions will be force-closed which I am very sure HF will not compensate even though it is proven that the tardiness and fault is on their side. This is my honest feedback and hope it will be useful in your evaluation of HF. Thank you.

HFM TienSeng 8 Jun 2020 Reply

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I love your review and it helped me a lot. Thank you.
Emilia 5 Jul 2020

Do not under any circumstances contact MasterForex. What they are doing is outrageous. My account was blocked without explanation! They explained that they have the right to do so. At that time, 167 positions were opened, all were closed forcibly. As a result, minus $ 50. The amount is small, of course, but still it's my money, and as I understand it, no one will return it to me. I am disabled and earning on forex was the only way to somehow make ends meet. I want to thank you for opening my eyes. I worked with them for six months, and as soon as something started to work out, I was immediately sent overboard. I concluded: as long as you drain your deposit, you are a very good client. But as soon as you start earning, you are immediately overboard! Without explaining the reason! Very comfortably.
MasterForex Darren Watts 7 Jun 2020 Reply

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can any one tell about the FXTM cent account. are they real? can they manipulate?
FXTM Justin saji Abraham 6 Jun 2020 Reply

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Hello! We can affirm that we always act with our clients' best interests and are continually striving to provide the best possible support. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. Please find all the necessary information regarding Cent Account on our website here https://www.forextime.com/trading-accounts/cent-account
FXTM 11 Jun 2020

I like this broker, the spread is perfect and what's also interesting is the commission free deposit unlike the broker I used before where I had to pay for my deposit. What I also like is the variety of accounts to accommodate every trader according to their levels of trading.
Grand Capital Olwethu 5 Jun 2020 Reply

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Have you made any withdrawal thus far?
Olwethu 14 Sep 2021

Due to leverage that Roinvesting offers me, my deposit is increasing more resolutely. I like trading with this broker, because my gains are more than losses.
ROinvesting Erin 5 Jun 2020 Reply

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Started with this company with small steps. First created the Demo account and also watching the webinars many times help me understand the trading markets. Now I am in contact with my account manager and started to invest. I do better than how I expect. Recommend to people new to trading.
eXcentral Juliusz Dubrowski 5 Jun 2020 Reply

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Dear Juliusz,

Thank you so much for taking the time to provide feedback. We look forward to providing you with the best possible service in the future.

eXcentral

eXcentral (Official) 26 June 2020

I trade with excentral for a few months and everything is fine. You people should read more about transfers and regulations, cause they hey work as any other regulated broker I've worked with so far. I even made a few withdrawals and everything went normally. I waited the 10 working days for bank transfers and then I got my money in the account.
eXcentral Joanna G. 5 Jun 2020 Reply

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XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

Trading with excentral for some months now. I am really happy with their services. It's a really professional company, I haven't experienced any issues with them. My account manager is very supportive!! keep up the good work.
eXcentral Emilia Fischer 5 Jun 2020 Reply

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excentral support team is very helpful and professionals, i spoke with them regarding a withdrawal issue i had and they solve it very fast!
eXcentral Johanna 5 Jun 2020 Reply

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My account manager is a very cool guy and he's the main reason why I trade with Excentral (I will probably follow the guy if he switches companies). For me customer service is key, hence trading with them. I have only experienced delay in my withdrawals when I was requesting big amounts (more than 5k), which is reasonable. I have always received my money back, it's a CySEC Broker , so your funds are secured. Also, some of the support emails end up in my junk folder, so if any of you have problems contacting them, check your junk folder for lost emails.
eXcentral Hedging Master 5 Jun 2020 Reply

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PrimeXBT is a really great platform and has all the tools needed to be a successful trader. I love the charts and tools they offer, including a custom trading dashboard. Five stars!
PrimeXBT Raj 4 Jun 2020 Reply

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Really annoying. DB is the broker from profitx. don't fall for it.
ProfitiX Anonymous 4 Jun 2020 Reply

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Well I'm a new customer as of today only. That's why I want to remain anonymous as I still have only around $2000aud invested. It's started off with a gold platinum of $500 American with a discount to be platinum of $200 American. Worked out just over $300 and. then I got a call congratulating me of profiting 72.80. Total 272.80. Well what did I do? Nothing. then I got asked to buy 20g worth of gold and automatically profited $600 usd. Really? How is this possible. Asking me for another deposit and turn it immediately into $5k. why do they keep asking for more money if they are proving to make money. why can't they just start of slowly with compounding on the money that's been made. It is really fishy. It feels like a scam and in the end I will probably lose it all. I'm also been waiting over an 1 hour for a call which was supposed to be in 30 mins because I didn't deposit the extra $2600 they wanted. And still waiting for my first $600 usd deposit into my account.
ProfitiX Anonymous 4 Jun 2020 Reply

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Your feelings are correct. It's not real. I lost $59kUSD.
Melinda Jill Boyse 22 Jun 2020

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