I just heard that AleccohFX just declared bankruptcy. Many people (including me) had high hopes for this broker. For a while it looked like it was the only non ECN broker that genuinely cares about traders and wasn’t looking to screw them over. Well, the story of its demise is a long one so I won’t go into details over here. Click the link below for the official declaration of bankruptcy:

Declaration of bankruptcy of AllecohFx

Another useful source can be found here..

I wish those of you who are affected by this even the best of luck, and hopefully you will be able to recover some or all of your funds.





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Author:
alan
Time:
Monday, May 12th, 2008 at 7:36 am
Category:
Brokers, Forex News, Forex Scams
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4 Responses to “AleccohFX Declares Bankruptcy”

  1. Forex » AleccohFX Declares Bankruptcy Says:

    [...] forexminitrader.com wrote an interesting post today onHere’s a quick excerptAleccohFX Declares Bankruptcy 7:36 am I just heard that AleccohFX just declared bankruptcy. Many people (including me) had high hopes for this broker. For a while it looked like it was the only non ECN broker that genuinely cares about traders and wasn’t looking to screw them over. Well, the story of its demise is a long one so I won’t go into details over here. Click the link below for the official declaration of bankruptcy: Declaration of bankruptcy of AllecohFx Another useful source can [...]

  2. AleccohFX Declares Bankruptcy Says:

    [...] Original post by Alan’s Forex Blog – An Adventure In Currency Trading [...]

  3. Evan Says:

    AleccohFX Declares Bankruptcy is very bad news.Many banks and brokers are vanished in this situation.Very bad!!People should be careful while investing.

  4. admin Says:

    Hmm yes, exactly. The retail forex world is fraught with dangers such as fraudulent brokers, brokers with a poor business plan, and brokers with insufficient capital. Any of the above means that you’ll most likely end up losing your account – this is worst than losing to the market. I recommend people do extensive research before entrusting their hard-earned money to any broker.

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