Friday, June 20, 2008

Cases of Felix Homogratus | Forex Bastards

Cases of Felix Homogratus | Forex Bastards

They promote their signal service, fooling novice Forex traders to count on them in trading the news. they have caused hundreds of people to lose big money. They even dare to promise you if you lose that they can blackmail the broker to get you your money back. They have done that several times and we have seen traders burned by their flames, and they try to flame brokers too, some times succeed and others not.

Google for Felix combined with Oanda, Interbanfx, FXCM, Forex.com, and any broker of your choice, you will see their scams, a replica used with tens of brokers over the past 3 years, and the victims, hundreds of traders who get broke. See what I found about those bunches of crooks on the web, and don’t ask me, I have been also burned by these thieves.
The email sent by Felix the bastard: “Hi there one of my full time Forex trading buddies just had a serious problem happen.

He had an account with http://www.interbankfx.com/ with $620,000 of real money in it. They went through some “technical difficulties”, executed a bunch of trades that he didn’t execute, margin called him, e.t.c. Long story short, lost him $280,000 in a matter of days, because of “technical difficulties”. Then he spoke to the CEO of the company, who shook his hand, admitted that these were indeed technical difficulties, and he would take care of him.

Now, they are dropping the ball on him, saying that he is a beginner trader, and it was all his fault…I mean these guys opened some trades while this guy was out of town! Having this website, I get a bunch of different complaining emails from people, and obviously I usually don’t email about people’s problems to you. But in all honesty, I know this guy very well personally, I’ve seen his account statements, and I know he is not bullshitting me. I mean this guy was making hundreds of thousands in Forex, while I was still in high school, and didn’t even know what the word Forex meant. And by the way, it’s not Tom or Rob…it’s somebody else. Here is the real reason why I am emailing you. This guy has a lawsuit going against Interbank FX right now, he already has a federal attorney involved, and he is trying to shut these suckers down, in addition to getting some of his money back.


If you had an account with Interbank FX, and you also feel you got “screwed” by them, then perhaps you could add yourself to the lawsuit, and recover some of your losses, and put an extra complaint against them to get them shut down. If you want to get involved in this or have some other helpful information for my friend, please don’t respond to this email, instead send an email with your story to interbankfxfraud@forexbastards.com To Our Success! -Felix Homogratus” Posted by Greenfield (Member # 2533) on June 20, 2006 02:45 PMJune 20, 2006 02:45 PM: So now we hear from both sides, let us think about it, make good judgment, and do further research if we have to. Know the truth and the truth will set you free.

Here is the email I got from Interbanfx:
Hello Mr. Chang, I appreciate your comments and we have to say that we are saddened by the potential impact that lies and rumors can cause. To help you help us to combat these types of deceptions, we are providing you additional details which you can distribute. They are a summary of a 6 page response letter which was sent to Cash monsters clients. Warm regards, Javier H. Paz Institutional Sales Director A reckless and unprincipled trader named Carlos Roman, of Cashmonsterz, has apparently asked his buddy Dmitri (Felix) of http://www.forexbastards.com/ to defame Interbank FX. Carlos turned $370,000 into a $100,000 master account in a matter of days. His approach to trading was to max out the available margin of the master, to close the positive side of trades and let the open losses ride with the hope that the market would turn around.

In sideways markets this approach might work many times, but on May 11 and 12 the British pound trended on a big way and touched 1.9000, forcing him to place a hedge 600 pips wide! After that point, the sub-accounts were on intensive care. He called multiple times asking us to cancel the trades with the promise of bringing more clients to us. We told him we couldn’t do this for him. To complicate matters further, he changed Pamm settings an average of once a day and kept on trading aggressively taking many accounts to a margin call situation.

The more he changed the Pamm settings, the more difficult it was to perfectly hedge open positions. Throughout this period, Interbank FX tried all within its power to make sure that subaccounts were hedged, but things evolved to a point were several subaccounts could no longer be hedged because they had fallen below the 100% margin level.

Posted by stevegee58 (Member # 4086) on June 20, 2006 03:01 PMJune 20, 2006 03:01 PM My god. If I’d been pushing trades with my *own* money to the max like that I’d be sh1tting my pants. If it was other people’s money, I’d jump out a freaking window if I wasn’t dead from a coronary already. Posted by Fisher King (Member # 3924) on June 20, 2006 03:05 PMJune 20, 2006 03:05 PM: I’m going to have to believe Interbanfx on this one.

Posted by Piprider (Member # 4331) on June 20, 2006 03:24 PMJune 20, 2006 03:24 PM: I will believe interbank fx too. It looks like Mr. D u m b A s s was good enough to attract money from clients - good enough to feel it is a marketable enough skill to offer it in trade for having his dealer take the losses of the positions he accumulated but with money management skills equivalent to those of Danielgsx.

Then, he tries to mitigate the damage by trying to play on the public opinion’s general distrust of market makers. He should have partnered up with someone who can really trade and relegated himself solely to the solicitation of funds from clients. Instead, he took everyone to the crapper at light speed.

Posted by Orlando FlyBoy (Member # 3974) on June 21, 2006 10:20 AMJune 21, 2006 10:20 AM: Well, I don’t get it. It appears that they are talking about two different things, but making it sound like the same thing. Was this a platform error that executed trades by itself, a newbie trader that traded badly, a managed account where the “manager” traded badly (without the account holder’s permission, or against the wishes of how the account would be traded), or Interbank FX hedging that went haywire? Someone make it clear exactly what happened, in order, so that it is clear what the complaint is Posted by mobbbb (Member # 7422) on June 21, 2006 10:25 AMJune 21, 2006 10:25 AM: Maybe a gohst entered the trades and then vanished while the asset manager was gone ?

Posted by PIPCANADA26 (Member # 9133) on July 12, 2006 06:28 AMJuly 12, 2006 06:28 AM: I went to a conference provided by Interbank here in Canada and by the way some people mention this topic and the representative from Interbanfx did say The CEO Crosland was going to reimburse Cash monsters Investors For this failures.

I wonder the same why Interbank doesn’t just sue Cash monsters? legally who can prove the truth will win but by the way, then if Cash monsters is right then they could squiz the big bucks from Interbank for defamation if they have a failure that causes those losses and more than that for revaling the traders name. Was a bit impossible for me to believe that a serious company can have such failure in their software but when I saw this letter from this executive Paz I understood must be right, when you don’t have nothing to excuse you just have to be quiet, why then give explanations? When people asked what this PAMM in question is they explained works for Percentage Allocation Money Manager is used for professional traders who manage several accounts you can set to distribute by percentage or by lots, usually they said you set it once and never again. Paz mentions in his post Cashmonsters Trader Changed the Pamm every day. I want to believe that but I can’t. Reason Simply.

when another assistant to this seminar asked why a trader would want to change every day the pamm settings he just said. “I don’t know” again, I’m a lawyer and that for me indicates a lie. In the other hand I asked what “hedge” term means and found that is short and long the same currency in the same account then this phrase make no sense from Interbank: “May 11 and 12 the British pound trended on a big way and touched 1.9000, forcing him to place a hedge 600 pips wide” Nobody gets forced to do nothing in Forex markets at least not even a new trader places a trade being forced by a Jedi Mind.

Making math 1.9000 - 600 pips= 1.8300 here is my Idea if this guy cash monster is as good as everybody claim he was going to get not only those 600 pips back but maybe another 120 total 720 profit on the short side from the hedge, maybe such big earnings from Cashmonsters are not convenient from a company as Interbank plus trading with 620k I believe then is not hard to duplicate or triplicate an account. (I saw the pound as Paz Mentioned in his post and it went down to 1.8085 from 1.9000 that he claim is the top of the problem) As A lawyer I can say that if Interbank is right they can file a federal law suit against cash monsters where they just need to proof they trade trying to loose money.

The problem for Interbank is that as far as I can see Cashmonters has not made any comments or post as Interbank do a self defense. They can not then complain Defamation. Here the Note from Zelli is good idea record your calls but that is illegal so wont be valid unless both sides agreed that both are being recorded. Then if interbank has Cashmonsters calls recorded they will win this case.

I would love to hear Cashmonsters begging with the promises of more clients but I guess we wont see that. I wont open my possible self traded account with Interbank anymore and I wont open a managed account with Cashmonsters I would love to see who lies and who is honest but I want to trade I will open my account with Oanda and another one with FXSOL. Any comments about FXSOL will be truly appreciated.

Cashmonsters is famous for aggressive trading then 600 pips in question should be piece of cake for an aggressive trader, Interbank is famous for the 2 pips of spread and now for revealing names. I wonder then If Interbank detected a bad trader placing crazy trades why they just did not stop or block his trading screen? Interbank make money for every trade trough the spread. I do not need to conclude then more. Looking then at Cashmonsters side, Defamation if Interbank is proven wrong can be a big problem for this company.

They made public the name of the trader. Reason for which I would not open my account with Interbank Even if I was happy with what this guys proposed in this seminar here in Canada. Why? well I consider that they fail in the “discretionary code” that every company should have. and by the way is included at Interbanks agreement, another reason for me to give a point to Cashmonsters. And Finally and to conclude, when the representative from Interbank at the seminar mention that Crosland CEO from Interbak was going to reimburse the Investors that ringed my Lawyer heart. this CEO is smart who will want to have a bunch of complains at the NFA, CFTC and a pissed Trader claiming big bucks for defamation? what’s the amount in the middle? 620k I guess that is piece of cake for Interbank to cover and avoid “interbank” as a post in Oandas Forum. Nothing more disturbing. 2 great firms now full of dirt who will get clean? I don’t know and I don’t care I will trade at Oanda and FXSOL myself.

1.Felix Homogratus AKA “DIMITRI”, Rob Grespi the owners of http://www.forexbastards.com/ are always looking to make quick money from the novice traders by hiding under the entity of http://www.forexbastards.com/ and similar sites and using it to publish public opinions about respectable brokerage firms whom they are considering as competitors do not get fooled by theses scammers because this is the only way they can pay their bills, their victims are every where (you have been warned)!!!! They have a whole scam section every where just start searching about them on the web and you will be amazed

2. Felix Homogratus, Rob Grespi AKA “DIMITRI” the owners of http://www.forexbastards.com/ are big scammers many people have bought their stupid http://www.forexfreedom.com/ system and it was a major scam these guys are fools they have copied and pasted some crap into their claimed system and selling it to novice traders and make quick money from them. Do not go near them.

3. We know you are a major scam Felix!!! The words spreading like fire you and your http://www.forexbastards.com/ can not hide any more

4. This is what I found out about this “FELIX” http://www.forexbastards.com/ SCAMMER GUY looks like he is leaving a trail of destruction every where he goes the list of victims is growing its staggering. It’s nice to see his victims unite to inform the public about this PROFFESSIONAL SCAMMER!!!!!SITES WITH COMPLAINT ON THIS GUYhttp://www.felixbastard.com/http://www.peterbainscam.com/http://www.setbb.com/forexjudge/http://www.talkgold.com/forum/r107900-.html HIS GROWING LIST OF SCAM JUNK SITES.http://www.forexfreedom.com/http://www.kingofforexsignal.com/http://www.forexbastards.com/

5. Hi guys I love your creative post! I USED TO BE a client of Dimitri or Felix the liar at http://www.forexbastards.com/ . And this guy is a total scam his system is garbage, after using his bogus chat room and signals! “now” I understand why he lost his trading account and money. He has a real conflict of interest going there he calls all of his competitors scams. Just so he can promote his garbage. I lost a lot of money following his advice a few thousandStay away from his bogus news trading and stupid alert service. They all lose money. I subscribed with one of the people he called a scam and they turned out to be very profitable. And I even submitted a positive testimonial for http://www.fxringleader.com/ & winningtraderassociation and it never made it. !!!! Hummm I guess felix is a scum bag snake oil scammer / con artist.

6. I lost money on this http://www.kingforexsignal.com/ and that stupid http://www.freedomforex.com/ promoted by http://www.forexbastards.com/ 7. This scam artist Felix AKA Dimitri always says that “If you were scammed by these people, please write to me, and I will help you get your money back” what this snack means I WILL STEAL YOUR MONEY!!!! Be warned guys never go near him of his http://www.forexbastards.com/ scam siteOriginal

Secrets Of Forex Peace Army

Secrets of Felix

After investigations we came up with Felix’s secrets (Bastards’ Master). His real name is Coffman. He is an American citizen; he is a rich man from a rich family.

Moreover, Coffman is the owner of MB Trading- a brokerage firm- which is registered in the States. Also, his brother in law is one of the owners of FX Solutions, which is a brokerage firm also registered in the States.

So, Coffman, or as all of you used to call him a Felix, is the owner of Forex Peace Army (FPA, which was Forex Bastards before), Forex Diamonds, King Signal Forex, and there is the newest predicate that http://www.mbtrading.com/ is owned by him.

After all previous announcements, there is no need to show you who Coffman (Felix) is, the bastard who make allegations about other patent brokers, and at the same time working for the sake of his own broker and his brother’s too!!!

Unrecognized Forex Owners

The owner of FPA


There is an effective yet a real quote that says “life is so small”. Actually, not all of us believe in it, but there are facts and actions in our daily life that may have a proof for it.

For instance, in our Forex Market we used to hear about scams and spammers, but are all what we hear real or fake? Who knows!!

Many if not all traders in Forex Market may hear about Forex Peace Army, the forums site that aims to make reviews about brokers, which are actually Fake Reviews. This site’s owner is known as Felix, but his real name is Coffman, the fact we attain recently. He owns many other sites of brokerage firms and forums, like MB Trading.

His black business begins to have an imprint in Forex Market, for there are many traders begin to be either afraid or hesitated from dealing with certain brokers, which are actually patent.

FX Solutions and AVAFX Secrets

About FX Solutions and AVAFX Secrets

There is no doubt that in any field there are many branches. In Forex Market, there are banks, brokers, investors, traders, clients, etc… The main thing that differs a broker from the other is its reliability and credibility.

Among that enormous numbers of brokers there appear FX Solutions and AVAFX, two brokerage firms. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

On the other hand, AVAFX- a well known brokerage firm- is registered in Tel Aviv. Both of these two brokers are affirmed by FPA as the best brokerage firms to deal with and they give them the highest rank in their reviews.

So, there is an obvious link here between these three angles of the same triangle. But only he who wants to see the truth will notice it.

The Owner of FX Solutions

The Owner of FX Solutions

There is no doubt that the majority of you know what FX Solutions is. It is one of the greatest brokerage firms in our Forex Market, which is given the highest rank by FPA in their reviews.

After investigations and analysis, we come to the fact that FX Solutions is owned by Felix or Coffman’s brother in law!!!

So, Felix owns Forex Peace Army and his brother in law owns FX Solutions, Felix works for the favor of his brother in law and gives his brokerage firm the highest rank. Thus, traders can easily trust and go trading there.

Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Here seems to have a circle between these brothers. They achieved what we call Link uterus, for they are relatively working for the sake of each other.

Forex Family Bastards

Forex Family Bastards


Actually all of you know about Forex Bastards, which is changed now to be Forex Peace Army. And you know also that this FPA is owned by Felix or Coffman, Bastards’ Master.

Among that enormous numbers of brokers there appear FX Solutions. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Thus, achieving what may be called Forex Family Bastards.

FX Solutions Swallow the Market

There is no doubt that the majority of you know what FX Solutions is. It is one of the greatest brokerage firms in our Forex Market, which is given the highest rank by FPA in their reviews.

Among that enormous numbers of brokers there appear FX Solutions. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

Thus, after affirming the credibility and reliability of FX Solutions it can be concerned one of the best brokers to trade with. By doing so, FX Solutions is swallowing the market, for all reviews about it affirms its goodness.

FPA Helps FX Solutions and AVAFX

Helping FX Solutions and AVAFX


Among that enormous numbers of brokers there appear FX Solutions and AVAFX, two brokerage firms. Concerning FX Solutions, we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

On the other hand, AVAFX- a well known brokerage firm- is registered in Tel Aviv. So what one can actually think about Israeli strategies? For their strategy depends on taking other shapes of the same thing as a curtain for them. Both of these two brokers are affirmed by FPA as the best brokerage firms to deal with and they give them the highest rank in their reviews.

Felix by doing so adopts these two brokerage firms to make them reach their highest top. And no body even asks himself about the real reason behind that.

Tom Yeomans Scam Warning

Tom Yeomans Scam Warning


Nowadays FPA (Forex Peace Army) becomes one of the most famous websites that makes reviews about brokers in Forex Market. And actually all of you must be aware of their real intuitions after reading our bogs, which are certainly formed after many investigations about them.

There has been found that FPA was making many advertises for a guy called, Tom Yeomans Fraud, for his educational site and signal provider. And here is their review about him:

Felix Homogratus, USA

“I am very excited to have found this website. Jimmy Young is supposedly Tom Yeoman’s mentor and Tom is a very profitable trader! I am going to be looking to learn from this guy, and be posting a real review later.”

What is ridiculous here is that Tom Yeomans is a big Fraudster!!! And this is actually not a surprising fact about FPA reviews, for almost all their reviews are considered as scams.

If once any one tries to search about his reviews, he will find many scam reviews about him. It seems like all Forex Market’s reviews about him are nothing but scams, except for FPA.

Coffman (Felix) and Tom Yeomans…Two Faces of the Same Coin

Coffman (Felix) and Tom Yeomans…Two Faces of the Same Coin


There is an obvious fact that Felix and Tom Yeomans are two faces of the same coin exactly like EUR/USD pair. And for that it seems to be the real reason behind naming their website as www.eurusdtrader.com


And here is a link for a blog that shows Felix and Tom’s scams.

http://tradersguild.wordpress.com/2007/10/24/if-it-quacks-like-a-duck/

If it quacks like a duck…

Filed under: Forex, Scams — trader2be @ 3:32 pm

Talking about ‘potential’ scams, here is a little one fresh off the press that I received in my inbox this morning: http://www.secretforexsociety.com/fantaseaone/

Now, a few interesting things about this one:

  • The email was sent by ‘Felix Homogratus’, an individual who obviously uses a nickname to run his business. His real name is Dmitri Chavkerov. My gut tells me that there is something fishy about running a business under a nickname but maybe that’s just me.
  • ‘Felix’ runs a few sites, one of those is www.forexbastards.com. According to Felix “ForexBastards was founded in January of 2006, after I literally couldn’t handle getting screwed any longer. Learning how to trade forex I went through several forex brokers, a few different trading signals providers and used multiple forex educational training services; some brilliant, some useless and some down right horrible.”. For some reason I get the feeling that his Yacht Seminar is a typical example of the types of scams his website was meant to expose.
  • The speakers include Felix’s partner, Rob Grespinet. According to the agenda, “If he feels like it, [Rob] will share with the participants the “inner talk” and “big boys outlook” on the forex market over the next year. Otherwise, we’ll just have to enjoy his profanity and witty humor.”. Have you ever been to a seminar where one of speakers may or may not participate depending on his mood on that day? Interesting character…
  • Now the piece de resistance is the other two speakers: Skip Atwater and Marty Rosenblatt. Those guys are supposedly experts in ‘Remote Viewing’. Now I have to admit that I had to look up ‘Remote Viewing’ because I had no idea what that meant. I thought that maybe it was the name of a new fancy indicator or strategy but I came to find that remove viewing (RV) is “is a protocol used in consciousness research where a viewer attempts to gather sense impressions and “knowingness”, non-sensorial information, about a target.” So basically we are talking about telepathy or clairvoyance in trading the Forex?!?! How desperate are we getting here? What’s next, opening a ‘channel’ to Jesse Livermore to ask him for tips?
  • The last speaker is ‘anonymous’ and I quote “He wants to keep his identity unknown before the seminar”. Come on…people using nicknames, others using clairvoyance, and this last one the enigmatic speaker who wants to remain incognito. Is it a trading seminar or a masquerade? Is there really a difference? I am starting to wonder.
  • As another test, let’s go back to the CFTC warnings and let’s see how many apply to this ‘invitation’:
    • Stay away from opportunities that seem too good to be true”. In Felix’s own words: “I can teach you a trading system that in my experience can easily make you into a forex millionaire in 3 years or less”. Now here note the word ‘EASILY’, ‘MILLIONAIRE’, and ‘3 YEARS’. Too good to be true? I also always like when systems promise to make you plenty of money with extremely little effort. Two beautiful examples in this invitation. First from Felix himself ” I’ll be honest with you, because of this way of trading, I am starting to become very lazy, and I am actually sleeping through a lot of the news announcements that I used to trade short term.” Next from Skip Atwater: “The technique takes 1 hour per day, 5 days per week, and it has made this guy millions”.
    • Be Sure You Get the Company’s Performance Track Record”. In Felix’s own words again “[Rob Grespinet] is a heavy weight financial giant, and most people will never be able to comprehend the level of connections this guy has. Just being in this guy’s presence is an honor”….Ok, what is HIS performance track record? Numbers please! About Skip Atwater: “he will be teaching a simple technique he has been using over the years. The technique takes 1 hour per day, 5 days per week, and it has made this guy millions.” So this guy is going to teach me how to use psychic abilities to make money in the market? Show me a trading journal here, show me a trading account statement! Quantify this guy’s trading system’s expectancy! Last but not least: “this is Felix writing, and if you know me, you should know by now that I don’t throw empty words into thin air”. Actually Felix I don’t know you, at all! Actually it’s only by googling ‘Felix Homogratus’ that I was able to find your real name. Maybe you’ve made millions but for all I know none of it was made through trading, maybe you have made all this money scamming retail traders.

Ok, I have already wasted enough time analyzing this email. My only point is that there are plenty of emails like this one finding their way in my inbox every single day, making incredible promises, telling me that there is a system out there that could make me millions by just working one hour a day, and to be honest I not only don’t believe any of them but I have to come to find them insulting. As individuals who are entering the retail trading world, this is what we are exposed to. We have to be vigilant, extremely vigilant.

5 Comments »

  1. Hey great post, I think Felix is a scammer too!

I sometimes test Forex services and I tried Felix’s service. They claim to have a 1 pip spread on GBP/JPY and they go for profits of 5 pips. Most people have a 6+ pip spread on the pair so when he claims 5 pips profit to people with a real spread its -5 pips!!
STAY AWAY

I made a YouTube video of me posting a negative comment about one of his services and how it never made it onto his review section. Check it out:

http://www.youtube.com/watch?v=XWmyYDJn5P0

Also I am going to link to my review section (hope thats ok??) it is non-biased and I do not manipulate results:

http://www.forex4noobs.com/product_reviews.php

FELIX IS A SCAM!

Comment by Nick b — November 28, 2007 @ 2:42 am

  1. Felix or Dmitri Chavkerov is a scammer

check out latest news of Dmitri and his girlfriends arrest by ICE.

http://www.chicagotribune.com/services/newspaper/printedition/saturday/chi-immig_satdec08,0,7556610.story?coll=chi_home_class

Comment by felix is a scammer — December 9, 2007 @ 8:40 pm

  1. Learn to read. The arrest was of was Felix’s girlfriend and her temporary husband, not Felix.

How does helping his GF break immigration rules change Felix’s work in Forex?

Comment by Say What? — December 13, 2007 @ 3:04 pm

  1. To the person above me, I have this to say:

It may have been his girlfriend, but who was the, ahem, ordained minister that conducted the ceremony? Also, while only supposition, who do you think was the mastermind behind the scheme and the one paying the sham husband for this indecent proposal? Hmm, makes ya think now, doesn’t it? This entire escapade was clearly an attempt to circumvent immigration laws and manipulate circumstances to his own advantage regardless of those incidental things like law, ethics and morals! Says a lot about his character, doesn’t it? And if he sees no wrong in doing stuff like that, it makes you wonder how above board other aspects of his life are or is it just me that thinks the subject heading to this blog is extremely fitting?

‘His’ work in forex, for example, tell me what that is exactly? He has presented nothing original of his own as far as I can see. His one true ability is that of very talented marketeer and it cannot be denied him. He can take other peoples’ trading ideas and present them to a wide audience with an uncanny ability. He doesn’t care who he shats on to get there though.

Case in point:

He was fortunate enough to be part of Tom Yeomans’ old core news trading group (which I was also part of) and he saw the potential there for milking the old goat. Despite the overwhelming majority of Tom’s students warning him that it would ruin the strategy, Tom’s greed got the better of him and he went into short term business with Dmitri anyway. What happened? It ruined the strategy! Not before both of them made a killing from the selling of the info though. Poor old Tom was not competent enough to have any kind of decent back up plan (his news trading technique was itself pilfered from Jimmy Young) and has had to resort to selling other peoples’ software since parting company. There were some very bright people in his group though and one of them - Safwan Hak - developed a way to automate the spike trading to its fullest potential - a necessity after the deluge of new news traders subsequent to Dmitri’s ‘Freedom Forex’ marketing machine made the old strategy redundant. Saf is a highly intelligent programmer and his prototype software was given freely to all the members of the original core group. Not one to miss a trick, Dmitri got his own friend/programmer, Rob Allen, to make a copy of what Saf had done and that is essentially what you see today marketed as the so called ‘Secret News Weapon’. Incidentally, Saf and others were jettisoned from the group, ostensibly for stealing Dmitri’s client list, but the real truth is that Safwan had far more to him of practical worth and was threatening to steal Dmitri’s central spotlight. We couldn’t have that now, could we? Dmitri and his new band of acolytes will deny this vehemently, but those that were actually there at the time know only too well that this was indeed the case.

The Forexbastards site (now known as the ludicrous ‘Forexpeacearmy&rsquo ;) started off as a very good idea and although it is impossible for anyone other than Dmitri himself to tell you if the intention behind it was genuinely honorable and meant to expose the corruption that goes on in this industry, or whether it was an elaborate ploy from the beginning to ultimately use as a platform from which to sell to an established and trusting (naive?) public, is anyones guess. What can be said with certainty is that it was another example of where his true genius lies - MARKETING! As the story goes, a subscriber to the Forexbastards signals gave word to him about a Mr Claude Grespinet, who allegedly was another hotshot trader. Dmitri wormed his way into Claude’s circle and before you can say, “Vladdy Vladivostok”, a new signal service was born! Opinion is divided as to the usefulness of this service, but when it comes to trying to give negative views about it on his own Forexbastards site, I need point you no further than Nick B’s video on YouTube.

There are numerous other stories along these lines, but the aforementioned make up the bulk of the history.

In summation then, I put this question to the guy above: Does all of THIS change how you view ‘Felix’s work’???

What I can’t understand is that given Homo-boy’s amazing powers of foresight, mystically enhanced no less with the power of remote viewing, how he couldn’t have seen the consequences of his actions in this marriage debacle? To quote that great philosopher of our time, Homer Simpson, “Doh!”!!!

Merry Christmas and remember, don’t let those bastards take your money!

FPA And Peter Bain…Another Form of Scam

Peter Bain…Another Form of Scam

Has any one of you ever heard about Master/Slave relationship?


For sure all of us know the meaning of such a kind of relationships.

Here you can easily apply it in Felix Homogratus and Peter Bain relationship.

Peter Bain is the owner of http://www.forexmentor.com/ a website for Forex education and signal provider. But also there is another job for him; he is a member of FPA!!! And here is the link where you can see the proof:

http://web.archive.org/web/20060208225501/http://forexbastards.com/

Peter Bain also sells his expert adviser and educational courses on DVDs, and moreover he advises traders not to begin trading before asking for his advice, for the sake of good trade!!!

Thus, how he can be considered a well qualified master when he doesn’t have a class master who can teach people great courses like Forex. He just learned two lessons or may be more than that from Felix about Forex, and he depends on this shaken fact to propagate for himself as a well qualified master in Forex!!!

Peter Bain and the Undoubtedly From Being another Felix

Peter Bain and the Undoubtedly From Being another Felix

There seems to be many names here, but who knows, may all these names be a One for the same character!!!

As a Forex Trader or a beginner you may certainly hear about Peter Bain- the owner of http://www.forexmentor.com/ which provides traders with both education and signals- and who is also a member in FPA (Forex Peace Army).

This tight relationship between Felix Homogratus and Peter Bain depends on sending signals to FPA to provide Forex traders with it, which are unfortunately wrong signals, and thus helping in gaining money for nothing, money from others loss.

Certainly this black business is quite similar if not typically to Coffman’s (Felix) black business history. So, one may expect that Peter Bain may be another fake character of Felix’s.

The Mysterious Relationship between AVAFX and FX Solution (FxSol)


After revealing the facts behind FX Solution (FxSol) and AVAFX- the two brokerage firms- and after showing the fact that they are brought to the light by FPA, or especially by Felix, there is another mystery to come.

Among that enormous numbers of brokers there appear FX Solutions (FxSol) and AVAFX, two brokerage firms. Concerning FX Solutions (FxSol), we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions (FxSol) is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.


On the other hand, AVAFX Owned and managed by the old forex guru, David Cohen, born in Russia in 1928, migrated to Israel in 1948, then found his way to USA and wall street in the early 60s. David Cohen is an icon in the financial world even though many do not agree on his some what brutal methods of making money. Cohen has built and burned many brokerage companies in the last decades, and some of those burned companies have caused huge losses to his clients. He was one of he key player of the famous refco disaster. (read more about refco here)

Cohen has been very careful about photographing, and very few pictures are available about him. He has also been moving around the world with no announced particular address.

Moreover, there sags from darkness this mystery to become instead a fact.He is holding large shares in FxSolutions (FxSol) and fully owns AVAFX which is a registered company on BVI (British Virgin Island) which is considered a paradise for taxes and money hiding from authorities in regulated countries.

Cohen is the mentor of many forex foxes; some of them have been doing extremely well.
An example, his fellow Russian Dimitry (Felix) and many others.

Blood Over The Counter

Vanishing of Millions?!!!


Artificiality seems to play a domain role in our Forex Market, and it has its professional players. Those players have been introduced to you previously aiming that truth may prevail one day.

To begin our story we should first introduce the history of FX Solution. we found in this company profile that it has been existed since 2001 and its activity has began to run since 2003, while you can actually and easily know that it has been known among traders and brokers since 2006. Also, the owner of FX Solutions is the brother in law of the Bastards’ Master, Felix or Coffman, and this company is registered in the States, which is their mother country. And the emergence of FX Solutions accompanies the emergence of Forex Bastards, which was changed to be Forex Peace Army.

There has been found among FX Solution’s trades an account that was opened by a millionaire with millions of dollars as a live account. But what seems to be obscure here is that after opening this accounts and sending funds this millionaire has been disappeared, and no body knows where he has gone!!!

Certainly, this millionaire is not a mad man to throw this huge amount of money on air like this and leave them without even canceling it. There seems an obvious riddle that may any one has the key to solve it.

The News will be released after contacting the family & all the relations between this guy & FxSol will be published in the Blog

ForexPeaceArmy attacks Trade Oracle

Felix and the gang had a very busy week shooting at many brokers and setting up more traps for traders. The most funny story on the news was their bluffing against Trade Oracle. They were able to blackmail the poor broker and force them to spend big money advertising on FPA’s site. This was a result of a series of attacks by email, posting articles, phone storm and warnings included on the daily signals they send to the members.Did you know by the way that FPA “borrows” the signals from otgher services :D
Stay tuned for more news

Trade Oracle subject to a new attack from ForexPeaceArmy

We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that…

There was a dispute between our member WoodCrusher and Tony Awunor, owner of TradeOracle. WoodCrusher said that the software did not work for him and requested a refund. There were counter-accusations, and no money was returned.

Since the TradeOracle website does not specify any sort of guarantee, this case fell into a gray area. We decided to allow FPA’s members to participate in the decision to determine if this truly met the definition of scam. As part of this process, a poll was opened. Guests were allowed to vote. Halfway tough the polling period, a huge number of “Not Scam” votes came in in a very short time period. Research by our database administrators showed that a small number of compters were voting repeatedly. As a result of this, all Yes and No guest votes were removed from the poll so that only registered FPA members could vote. Both the owner of TradeOracle and Woodcrusher are registered FPA members, so both were entitled to vote. The final vote came to 72 in favor of scam, and 15 against. Thus, the vast majority of FPA members who voted consider this to be a scam.

One of our alert members did point out that the TradeOracle website did specifically state: TradeOracle Pro is Developed specifically for you if ou are ready to try a winning system at no risk. The Committee finds that this does indeed imply a guarantee for the software, and denying a refund. Therefor, we find TradeOracle meets our 4th definition of scam - Serious deception in a company’s advertising.

We find that the attempt to fraudulently rig the vote meets our 5th definition of scam - Other behavior that would be considered to be highly unethical by a reasonable individual.

We find that the owner of TradeOracle continuously attempted to delay our investigator with claims of being too busy, yet found time to leave a review that needed to have its language edited. He also had time to leave a number of posts in our forums insulting WoodCrusher and other FPA members. We consider his delays to be deliberate deceptions that are further evidence of unethical behavior.

Thus, we as well as 82.76% of the FPA members who voted find TradeOracle to be a scam. We offer TradeOracle the chance to resolve this issue by returning Woodcrusher’s 4500 Euros and implementing a reasonable guarantee or trial period for his software. If this is done, we will be willing to overlook the vote fraud as a one-time error in judgement.

We extend our deepest sympathy to Woodcrusher and anyone else who feels they have been scammed by TradeOracle. We extend warm regards to Lt. Gerard for his efforts in this case as well as to all the FPA members who took the time to vote on this issue.

TradeOracle is hereby blacklisted by the Forex Peace Army.

We encourage our members not to do business with this company and to encourage their friends to do the same.

Scamming Forex Brokers

Terrorists On Wall Street
There is a great deal of fraud in the Forex market, so it would wise for the new forex investor to check out the broker thoroughly. Other good ways of checking a broker is by talking to other Forex traders through the many forums dedicated to foreign exchange.
Otherwise, it would be difficult to check the background of the broker, and little one can do if the broker turns out to be less than honest .The funds of most Forex brokers are not guaranteed, nor are they segregated from the funds of the firm. If the firm goes bankrupt, you will probably be just a general creditor, and may not get all, or any, of your money back. No government organization guarantees the funds, unlike the funds in a bank account or a stock brokerage account.
Don’t Trust who make reviews for brokers because most of them take money from scam brokers to add them as stars
Example: ForexBastards, forexpeacearmy, forexdiamond
Felix Homogratus or Dmitri Chavkerov is the owner of Felix peace Army who send many threats to brokers & many other provocations to make them pay money for avoiding fake scams to be made by him.
He is doing that & attracting traders by sending signals to them
All The signals are wrong 100% to make them lose their money with brokers to find more complaints about brokers & the game is begin So fare a battle between Felix & brokers.
Felix owns many fake brokerage firms; Felix was in the jail for more than 7 years
FBI investigated with him & all his capital was reserved
He made a fake marriage contract
He is not American Citizen
Many & many & more if you searched for Forex scams if you need to gather more information about how they do business, are they readily available to answer questions, or resolve complaints.

You can do this by reading what they have on their website, and by calling them on the telephone to see how quickly and how well they respond, or getting advice from the many chat rooms about Forex, including those provided by the broker. Although almost all Forex trading is done over the Internet nowadays, sometimes Internet connections don’t work, or the company’s trading platform isn’t working the way it should or the way you think it should, so it is very important that they also provide telephone service.
The most important criteria in selecting a Forex broker after assuring your self that they are reputable brokers is the trading platform, the currency pairs offered, and the spread, the difference between the bid/ask prices, which is how the Forex broker is compensated, and the best way to judge these criteria is to open practice accounts with several brokers, which most offer, and trade for about a month in each account. Practice accounts allow you to trade Forex using live market data and using the company’s software, but without using actual money. You must remember that when you place an order with the broker, your order cannot be seen by anyone else other than your broker—not even other brokers. All of your transactions are with the broker—not other traders; the broker develops the trading software, or, at least customizes it, you can be restricted from doing certain things that you might be accustomed to doing with stocks, for instance.
A good way to compare actual trading is to open real mini-accounts with several brokers. Because mini-accounts require very small deposits to open, most people should have no problem opening several accounts to see what their actual profits and losses are, broker fees, and responsiveness. This also helps if one of the brokers goes bankrupt. At least you won’t lose all of your money because you placed it with one broker. Despite many brokers claims to the contrary, trading foreign exchange successfully is not an easy thing to do. Forex trading is at best a risky business and at worst, a scammer’s dreams come true. As a general rule, it is best to avoid any companies claiming that Forex trading is easy, guarantees results or encourages you to make small deposits and use high leverages. Regardless of how well educated you are, investing a small sum in FX trading is likely to end in losses.
Some recent scammers who have been caught include: Lake Shore Asset Management, Forexbastards, ForexPeaceArmy, Felix Homogratus, Lake Dow and Ty Edwards, Ben Ouyang, Rashid Ghafoor, Adam, Tahir, Emerald Worldwide Holdings, Foreign Fund (First Bank), Equity Financial, Shasta, or Tech Traders,IBS/IMC, Kevin J. Steele Nawab Ali Khan Ali,Sun Platinum Worldwide Commodity orporation Graystone Browne Financial,Sterling Trading Group, Inc,STG Global Trading or QIX, Inc.A broker must be registered and reputable since there are innumerable scams involving Forex investment.

A Trader Fights with Felix and Rob After Losing $100k

rob the robberHot from the news, ForexPeaceArmy has caused a trader to lose 100k in a wrong signal this week.

The trader from US was fooled by the marketing propaganda Felix and Rob are overwhelming the web with.

He followed their signal and was stuck with a huge loss of 100k. Felix refused to reply to his emails, and at last, he was able to locate them at their place.

The fight has been going for 3 days now, and the bastards refuse to help(not sure if they are able to help either)

The poor guy is now involving a lawyer and evaluates all possible actions.

Today's Signal and Warnings from ForexPeaceArmy

First of all, keep your money far away from fxsol, they are on the same track of rejecting orders at news times. FPA had a fight yesterday with the management at fxsol and we will be making our best they get into hard times int he days to come, stay tuned.

Back to signals..

Let’s review what happened earlier today.

Norway CPI came out slightly lower and we saw 400 pips move. It seems it was a hit&miss.

At 4:30 a.m. we had UK Industrial Production which came out 0.2 versus 0 expected, not enough to enter a trade. There was not any real move.

We did not have any significant moves on U.S. and Canadian trade balances.

There was a huge surprise on Canadian Interest rate statement. It was expected they will cut the rates but they did not. USD/CAD moved about 80 pip the first minute and then another 40 pips in next 15 minutes. Canadian dollar should still strengthen a bit more so it still might be a good price to enter a short trade on USD/CAD or EUR/CAD.

We also had Japanese GDP, and the price moved by 10 to 15 pips so it was not tradable.

Let’s talk about Wednesday.

1. Wednesday, June 11th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK Claimant Count Change and Average Earnings +Bonus. It seems that the Claimant Count Change might be more in focus. Keep in mind that higher number is bad for the GBP. Last month with 7.2 deviation we had over 40 pips price action. If it comes out at 3K or lower, I would buy GBP/USD and expect 40 pips price action. If it comes out at 13K or higher, I would sell GBP/USD and expect 40 pips move as well. Watch the video for more details.

2. Wednesday, June 11th, 2008 (2:00 p.m. New York Time) USA
At 2:00 p.m. we will have Monthly Budget. I don’t have any specific suggestions how to trade it. If you are new in Forex, definitely skip this report.

3. Wednesday, June 11th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Employment Change. It is expected to come out at 13.5K. If it comes out at 0 or negative, I would sell AUD/USD and expect 30 to 40 pips move. If it comes out at 25K or higher, I would buy AUD/USD and expect 40 pips move as well. Watch out for unemployment change. 0.2 deviation on the unemployment is good enough to change the direction.

One more thing: Sir Pips is taking vacation soon so we will not have videos for next 2 weeks or so. We will still send signals in the text format.

That’s all for now. don’t forget to vote against fxsol at our forum, let the rest of the members know your story with this broker.

Felix Last Scam In Hong Kong

We the members of the Scam Investigations Committee of the Forex Shit Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that…We can just fool the whole world…

We hereby confirm that we are the back players of the company named Hong Kong Forex Co. Ltd

We confirm that we have been fooling traders fro allover Asia and even globally and drived huge traffic to its site from our bogus forums on FPA and Forex Bastards.

Once the time was in, we ran with all the money..

but wait a minute, to have the circle close at a perfect ending, we will changemasks and declare war on the fake company Hong Kong Forex Co. Ltd

We will send the following to our members:
The forex options company known as Hong Kong Forex Co. Ltd disappeared after failing to return funds due to the FPA members known as Michael 123, Greg333, lppjp, Ralph08, and fieds83. Total losses from our members are in exceess of several hundred thousand US dollars. We aren’t sure just how many other traders lost money in this, but if our traders are any indication, these fraudsters have run off with quite a few millions of dollars. Failure to return money to traders upon request is the primary definition of “Scam” for the members of the Forex Peace Army.

Further, the Hong Kong Forex Co falsely claimed to be regulated by a Financial Services Regulatory Association. This was a fake website used to gain the confidence of victims of this fraud.

The FPA does not normally deal with forex options, but due to the extreme nature of this case, we feel it is necessary to provide a proper scam finding and to warn our membership to be aware of scams like this.

Thus, we officially find that Hong Kong Forex Co. Ltd is a scam. We will only consider lifting this scam finding if the owners of this company come forward, return all the money they have taken from traders, and then turn themselves in to the proper authorities in the Hong Kong SAR of the People’s Republic of China for further judgement.

We extend our deepest sympathies to our members as well as other traders who have lost money due to the criminally fraudulent actions of Hong Kong Forex Co. Ltd.

Hong Kong Forex Co. Ltd is hereby blacklisted by the Forex Peace Army.

We strongly encourage anyone who had money with this company to contact the proper authorities in your country as well as the Hong Kong police.

Barack Obama Gets Attacked by Felix :)

barack-obamaIt is not a joke, felix claimed that Senator Barack Obama’s winning last week was the reason why the signal he gave was not accurate.

Rob and Felix claimed that was the direct reason for the 100k loss their poor trader was subject to last week.

It might be hard to find an exit from a situation like that, Felix boy, but funny as it is, you are digging your own grave.

Felix Attacks Dukascopy for The Third Time In One Year

Felix wrote:

Dukascopy is an interesting case. Is it a fraud which is so good that one of our regular amateur detectives thinks it is genuine? Or is Kaspar right when he says Dukascopy is a red herring?

Let us just say it is rather dubious…
Here is what we know, or think we know:

Dukascopy comprises:
- Dukascopy Trading Technologies Corporation, registered in the British Virgin Islands. (dukascopy.org and dukascopy.net)
- Dukascopy (Suisse) SA, registered in Geneva in Oct 2004, with the name Dukascopy since Mar 2005. (dukascopy.com)
That’s all, although the 9 languages on the web site certainly creates an impression of being a big international organisation.

However, there are no addresses in any other country except the two already mentioned. The contacts given on the English language pages are E.Karayev and G.Lungu, with UK mobile phone numbers. The French language page gives no names, and Karayev’s UK mobile number. The German language page gives the name Olga Soerries and a German mobile number. The Spanish language page gives a number in Argentina!

Do you start to lose confidence in this being a large international organisation? (Apart from in the sense that the Russian mafia is a large international organisation!)

The Dukascopy Trading Technologies Corp site mentions that client trading accounts are guaranteed by Dukascopy (Suisse) SA - but what is that worth? That company has only been in existence since a few months!

One other thing: an internet search for Dukascopy gives very few results except for Dukascopy’s own web sites. If it was an entirely legitimate organisation, surely we would except to find mentions of them elsewhere, for example on other web sites using Dukascopy data feed?

Let’s just say I wouldn’t send them any money!

FPA

Felix Is Spamming His Members with This Shit About Dukascopy

Dears, Just look at the liquidity Dukascopy offers. In fact, it is biggest than ECN such as Hotstpot, Currenex or Lava. They have a really big liquidity, how can they have it? By the way, I confirm you that you can deal more than 25mio one click, which is not possible with any market maker. Please tell me how they can be so big. It seems that they have the biggest liquidity in the world, no other marketplace have more? please, if someone know, tell me. tks brian_macguire@hotmail.com
2006-12-12 07:18:00 // Jeff Prattus
I admit I never traded with them but there is already slippage on the demo account which is pretty sad. Therefore I dont believe the 1.5 pip spread crap. The only orders they offer is stop and limit orders, no OCO, no If-Dones, etc. There is no way they can prove the liquidity by the way I dont know where you got that. There is no proof they are ECN either, if they have a few huge accounts they can hedge all positions against you and you’ll never know. 25 million in one click? My ass…btw, you wouldn’t even be here if you had enough money to make that kind of trade. actually you probably work there explaining the bs hotmail address. If someone has traded there for real and has some real info let me know what gives.
2007-01-09 08:09:00 // Noholdbars
I traded with them live, slippage and price manipulation on their platform, not excessively often, but its sad that they have a crappy platform and use such basic scam methods to make money. Whats for sure is its impossible to make money there. I lost 3K due to that shit and of course making money was really hard so I left. I found another Swiss broker that I’m going to try. O yeah ducascopy has a high minimum so they are sure they will nail you a good couple thousand before you leave. Bastards, stay away if you can.
2007-01-09 08:18:00 // noholdbars
By the way Ducascopy is not an ECN at all. You think a bank just takes in a 25 million dollar click? Keep dreaming, its a bucketshop like all the others, liquidity my ass. On top of it they say that they inputed funds for capital growth but thats bullshit, they just made a loan based on their platform they made, which is bad… good luck people if you have your cash in that shithole. I forgot my favorite “would you like to control your slippage option to reduce it or have lots of it?” pfffff. If only I knew all that before opening the account I would have had a laugh instead of a major deception. Cheers fellow traders and good luck!
2007-01-18 05:24:00 // Mike
Please, do not criticize such good and reputable company. There are few companies in the world able to provide service on institutional level, trading more than 50mio in one click, if you are not able to understand the difference and the technology level they provide to their clients, please do not comment. So, whoever you are, either a sales person of a market maker company or a retail trader, you should not mention such untrue information. I am trading with them, and get a perfect execution. For sure, it is not a market maker, so the concept what you see is what you get is impossible. You have to use function such as slipapge control or place bid/ask, but it is normal, because you trade in a centralized/decentralized marketplace, the SWFX-Swiss FX Marketplace. For more information, you can read \”eforex\” magazines, it will give you a better understanding of the FX industry. www.e-forex.net oct06: \”One click trading and the global liquidity\”. it will help you to understand the one click technology, which mean a one click in a marketplace vs. a market maker. jan07: \”Fight for liquidity, centralization vs decentralization\”. It will explain you technology of decentralize marketplace. jan07:\”Threat or opportunity for FX execution venue\”. It will give you an idea about the industry consolidation. As they provide access to marketplaces and banks, I do not understand why you try to treat them as a market maker who manipulates prices. Anyway, if you were a live client of Dukascopy, you would have been able to compare price and see that they are always providing same or better price than other marketplace, with same or more volume. Regarding the increase of capital, I do not even want to argue. Swiss Legislation talks by itself. Having said this, one has to consider the bad. Notrading platform is perfect, and the SWFX GUI is also not perfect. I do not like the way of placing bid/ask in the market. I hope they will modify it.
2007-01-19 05:27:00 // Pierre
High level of technology, huge liquidity and fast execution. Their idea of a back up solution via other marketplaces/banks is very good.
2007-01-25 04:32:00 // Farrell
:) last two guys seem to be employees in charge of levelling up the company image. Same poor English and a lots of keywords for SEO. Seems really shithole company since it is paying its employees for such forum talks instead of investing into proper software!!!
2007-02-08 06:57:00 // Ouchhhhh
Here is why I didn’t go with them: “Margin close (cut-off level) In case the available margin becomes negative Dukascopy has right but not the obligation to reduce client’s exposure fully or partially by closing existing positions or/and by opening new positions in opposite direction. Usually the system reduces automatically the exposure at a level when equity is equal to negative available margin.” Basicly they do whatever they want to your account, close good positions, let the bad ones make you sink even lower and more… welcome to wiped out accounts. It explains why they allow hedging too. Nice way to take out clients, its the first bucketshop I see with such a developped method. pffff
2007-02-13 07:43:00 // Bob
sorry to say, but for me the margin policy was the exact reason why I choose them. They are more close to their clients, they follow them. Normal, they deal with big clients, and do not want to close automatically big positions in the market. When clients are close to MC, they can give clients flexibility and space. Excellent.
2007-02-13 07:50:00 // Thierry
thanks to Mike for the magazine reference. There are very interesting articles on the FX industry.
2007-02-16 00:10:00 // Jason
It is bad not to be able to place bid/ask in the market for amount less than 250k but execution and liquidity are good.
2007-02-20 00:52:00 // Yan
Good access to SWFX. Good liquidity
2007-02-21 11:27:00 // Pablo
Really transparent. Nice execution when using bid/ask or slippage control.
2007-02-27 03:46:00 // Richard
Demo is slow.. but live is very good. Strange, they should work on their demo if they want more clients, because their live is really fast. Richard
2007-03-08 00:17:00 // 4xtrader
Noholdbars … I bet you loose money where ver you go and with any broker - learn to trade you fool. People that complain about a true interbank broker simpply cannot trade.
2007-03-08 02:28:00 // Robin
guys, you can test it, you will enjoy… they have the biggest liquidity.
2007-03-13 10:15:00 // Emmanual
Richard, I do not agree, demo is good. did they change their demo server?? Anyway, many thanks to you guys, your comments has helped me to understand how they achieve to be so big. It has helped me to understand their exe. Tks
2007-03-19 05:04:00 // Christopher
Not bad. Good company and good people. They are very big, but at same time very close to their clients.
2007-03-21 00:19:00 // TomJ
Incredible how this company manage world liquidity. Really good business model. Congratulation. Bad point: you do not give access to retail clients. It would be good for them to understand difference between Marketplace and Marketmaker and to be able to trade in a Marketplace.
2007-03-26 00:13:00 // Patrick G
Maybe too strict in compliance, but I can understand. The rest is very good.