Recent Posts

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Thanks for sharing.

It seems the website lmswiss.com is offline. If anyone knows of a new firm that these folks try to start up, please post it here.
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This topic has been moved to Verfied Scam Reports
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Verfied Scam Reports / Blind leading the blind
Last post by Destroyed -
Dear Investors,

This is a warning to all investors to be beware of so called 'experts traders' who will guide your account. I hooked up with Forexprime and as discussed and agreed with John Greenburg of Forex Prime in his London office that I would deposit £2000 to start an account with Invest.com of whom they are affiliates (beware as Invest.com are FCA regulated but Forexprime are not). (I later checked his phone number... he was not in his LOndon office but was dialling the Swiss international code). The idea being that he and I would work together to build the account with a view to gaining a small income. At no time did John Greenburg suggest that £2.500 was only one tenth of the amount required to trade on the heavily leveraged platform account Invest Pro. It should have been on the Invest Simple account. Risk management and high pressure selling by Forexprime had started. Neither did he mention that Derek and Tom would be directing me and that he longer had an interest in my account which was not our arrangement . The first thing that was advised was my first trade after showing me some technical analysis. This first trade although okay and would eventually gain started to lose to the extent that I got a margin call. I was contacted by phone to be told that the account should have a minimum of £25,000 in it but in the short term £7,500 was needed to prop up the margin call and take another trade. On three separate occasions and with nearly all trades losing, more and more money was required to prop up these trades that were losing. Eventually I had no more money. Before the Fed rate decision was announced they advised me to buy 8 lots of Crude Oil but because the interest rate went up and therefore the dollar so the price of Crude Oil went down. They did not know that the Fed interest rate announcement was going to rise or that it would affect the price of the dollar and therefore oil. They saw silver go down as that it is also priced in dollars so to compound matters they told me to take a specific amount of silver. When the USD went up all the traders that were using silver as a safe haven switched to USD which made silver go down even further and this took away any safe margin that I had. Nobody from Forexprime phoned me to help me or advise me. I dumped silver which lost me £11,500 and was still holding -£20,000 of worthless crude oil. I had no margin to purchase any defence (DWTI ETF) for this as it was too late I was tto far under the 100% level. I could of sold some stock X which was in profit by £134 but more importantly it had £1350 of margin which would help get me some DWTI if my stock recovered enough to get past 100% margin. I got a call late in the evening from a Forexprime broker who solemnly commiserated with me after I was trying to reach him and after the market had closed so I couldn't but DWTI even if I wanted to. I was worried and looking for expert advice but there was none available at all. The account survived the night but the platform dropped off the crude oil with a loss of £-19,000 and then  X United States Steel dropped in price and took away the whole account. The stock X was specially selected and was placed as a big chunk of useless margin in my account and went down in price from day 1. It was ironic that the broker Derek quoted that 'you really need to keep this stock in your portfolio' and on another occasion 'I want to see your account reach £100,000 before the end of the month' What about what I wanted £2,500 with low risk and modest profit to take a little income. Don't sign up with these people unless you have a bottomless bank account to cover their ill informed trades. I sent a nice e-mail to them but none replied. They don't want to discuss anything in writing probably for legal reasons. Trade by yourself even if you are a novice. They got me trapped into losing £43,000 (all the money from the sale of my house which they knew about) plus £12,5000 off my credit card and I am 66 years old with a £720/week state pension (which they also knew about). They are without conscience.
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Secure Forex Platforms / InstaForex's bonuses offers
Last post by lima.khondoker -
Hi my name is lima.khondoker ! I love InstaForex's bonuses offers. Probably this is the best on the market, and that is for every deposit you make. Most of the times I make $600+ deposits, so that is a minimum of $300 extra for forex trading. I also like their money transfers system. This has been processed instantly, thus I can react to the price fluctuations right away and accordingly. As my style is a bit agressive, their great amount of stable servers suit me well. I've recommended this broker to all of my friends and none of them has ever complained about them.
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Fraud statement against LM Swiss Direct LTD & SwissFxTrading  (Scammers)
LM Swiss Direct LTD & SwissFxTrading with offices in the UK / CANADA / AUTRALIA has convinced me to deposit $2000 on the 3rd of November 2016. (This was a big mistake)  They tried several times convincing me to add more funds due to opportunities in the market. I have lost interest in their credibility and became skeptical in their strange behavior and decide to withdraw my funds on the 21st of November. Clearly they were not happy about my decision and receipt several calls from individuals "if real names I doubt" John Finch / Jordan Richards / May Sanders. (Calls made from the UK/Singapore/Russia)  After my withdrawal request May Sanders disappeared from Skype. Not available "sick" strange?  Then I request several times to inform about the withdrawal progress without any success. On the 28th of November I have noticed on my trading account page that the funds been "paid" seems to be fake (all games)  fifteen working days has passed after my withdrawal request and no funds receipt. They ignore and do not reply to any of my mails requesting for proof of payment. Unable to reach them by phone as all their lines are busy and do not respond on voice massages. With my last and final mail I gave them 24hour notice to respond with proof of payment and in failing to do so I will report as fraud. The time has been expired and no proof of payment been received. Confirmed!! (THEY ARE SCAMMERS)
With my investigation I have found "trading scam alerts" and more victims suffer losses globally from these scammers as per links included. They must be blacklisted and be prosecuted.
https://www.fca.org.uk/consumers/report-scam-unauthorised-firm
http://www.forexpeacearmy.com/forex-reviews/13126/swissfxtrading-forex-managed-account
http://www.forexpeacearmy.com/community/threads/lm-swiss.45739/
http://www.forexscam.net/reviews/9468-lm-swiss
https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/l/lm-swiss-direct-ltd-lm-swiss-also-known-as-swissfx-pro
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Systems & Strategies / How to Avoid Forex Scams: Top Tips
Last post by adamsmiths -
Forex scams are well-crafted as well as believable. Whenever there is an opportunity to make money in a short period of time, you will find people who are eager enough to jump and avail this golden opportunity. But, this opportunity may not be golden always. This means, making money in a short period of time, may not always be advantageous for you. When people with much greed desire to make money without giving much effort, they fall prey to forex scams. Traders who are new to the forex market, generally, suffer more. But traders, who are well experienced in the foreign exchange market, are wise enough to avoid these frauds. Also, you need to be very careful while selecting a trading forex company.

The U.S CFTC, commonly known as Commodity Futures Trading Commission, let people know about the frauds that take place in the forex market. Also, they give tips on how these scams can be avoided. Some tips are discussed in this article. Read on.

•   Be doubtful about high profits and low risks
Always be doubtful about low risks and high profits. There are ads that promise high returns even on small investments. Always try to avoid these, as these are like baits. In the forex market, you can make huge amount of profits, as well as loss huge amount of money. So it is recommended that you always stay alert and make your choices wisely.

•   Beware of various sales tactics
If a dealer is authentic, s/he will wait for you to make a deal, as they will know that you need time to check all their details along with credentials. But if a dealer is a fraud, s/he will be impatient and will want to make the deal as soon as possible, as they will want to gain score. So, it will be wise of you to stay away from these kinds of calls where the dealer is putting pressure on you or forcing you to invest money as quick as possible.

•   Verify details
Before investing in the forex market, always make sure to check the background of the company. If you are a resident of the U.S, you need to check whether the company is registered with the CFTC or not. And if you reside in some other country, make sure that the company is registered with the authorised organisation of that country. Check thoroughly if the company or the person has done any fraud in the past. And, if you are doing business on the internet, it will be easy for a scammer to scam. So, it is important that you verify the number as well as the address of the company or the person that you are dealing with.

•   Transparency
The dealer you choose should be transparent about all the fees that are required. If the dealer does not offer any spreads, stay away from that dealer. By doing this, you can avoid forex scams.

You should aim in keeping the losses low and the profits high. And, it will be great if you stick to companies that you think you can trust and verity their credentials.
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Systems & Strategies / Please share your suggestions here
Last post by kipjmejia -
I am final year graduate student and subsequently week my one month summer collage holiday will establish. But this summer holiday moment, my class teacher gives one essay writing task to do on the holiday time. So I decided to use the accepted cheap essay writing service to complete my essay work. So I asked about the accepted essay writing service to my brother. But I told me some bad comment about the service. So I am confused to use the service now. What you think about these service friends?
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Systems & Strategies / Re: Difference
Last post by kipjmejia -
Thanks for sharing this useful info here
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Systems & Strategies / Re: Difference
Last post by Forex Agent -
ln Binary you're trading within a fixed time frame and payout. You choose Call (the asset price will go up) or Put (the asset price will go down), then make the purchase. If you choose correctly, you are rewarded the payout.

In Forex trading - contract for difference or spread betting - you buy or sell the asset itself. Your profit or loss depends on how the value of that asset changes before you close the position.