Alan’s Forex Blog

Hi everyone.
It has come to my attention that a new forex robot (EA) called Forex Legend is a glaring rip-off. Apparently the trading logic was stolen pure and simple.  How do I know this? Well, the EA was leaked and decompiled  (no I do not have it so don’t ask!) and somewhere in the code [...]

By Pharaoh
Hiding in a remote location to avoid getting sued for writing this
Isn’t it great to have a place like the FPA where you can complain about problems with forex brokers and other forex products? Isn’t it nice to know that there really isn’t anything those companies can do to stop you as long as [...]

Hello ZuluTraders. Here are the top ZuluTrade trading signal provider for this week ending March 6, 2009. This week wasn’t all that spectacular for me as I only gained about 80 pips. But I guess I should be thankful that I didn’t lose any money though.
Top Signal Providers for this week:

JMForex
7144 pips
$71,201.03

forexforex
7330 pips
$61,890.55

exksa
5146 pips
$51,845.70

sdyx8
4785 pips
$47,836.42

the [...]

By Pharaoh
source: http://www.forexpeacearmy.com/forex-forum/forex-articles/3977-british-forex-account-manager-accused-40-million-forex-ponzi-fraud.html
Terry Freeman, head of GFX Capital Markets (www.gfxcapital.ch) got busted on February 9th by the British Police. Anyone having money with his company is requested to contact the City of London Police at this link: http://www.cityoflondon.police.uk/Ci…a/News/gfx.htm
Mr. Freeman has a managed forex company and is accused of running it as a Ponzi scheme. [...]

I just came across this FPA post today. Apparently the managed accounts provider LegendTrader.com was and probably still is doing something fishy.
Btw, you can discuss this issue on my forum in this thread.  Or on the FPA forum over here.
The Forex Peace Army investigators investigated their foul doings and reported as follows:
–begin quote–
We the members [...]

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 [...]

You’ve probably heard of Forex brokers ripping off their clients by using various dirty tricks. Some of the most common ones are: stop hunting, requoting, widening the spread to some ridiculous number, software disconnects, lagging/fraudulent price quotes, unfilled orders, and account banning. Yes, they will politely (sometimes not so politely) tell you to bugger off [...]

I’m sure you guys know this already but there are so many brokers who engage in stop hunting. It appears Crown Forex has been caught “red handed” doing this very thing. This is a sign that you want to avoid this broker at all costs as you will get ripped-off.
Check out these pictures. As they [...]