In 2016 alone forex bastards 250,000 traders read over 18,500 forex broker reviews from our database and added almost 2,500 new ones. Combined with our investigations, traders court activity, and early scam alert warnings we are aware of many forex brokers that are likely to be stealing traders money right now. 2 world’s best trader Jarratt Davis, famous forex educator Andrew Mitchem, European professional banker Sive Morten post their exclusive market analytics.
We maintain Real Money forward tests for commercially available metatrader expert advisors, forex signals, and forex managed accounts. It’s free and it helps to expose the scams, so other traders don’t fall in their traps. Forex Peace Army Services are FREEWe make money by displaying the advertisements, but we do not endorse any advertised product or service. Please make sure to read our reviews before giving your money to any company. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
We are committed to the fair handling of reviews and posts regardless of such relations. All rights reserved under US and international law. Source: Forex Peace Army Official Google Site Early History of Forex Peace Army In 2005, Dmitri Chavkerov started a website called Free-Forex-Trading-System. On this website, Dmitri listed quite a few different forex-related companies that he was involved with. He shared his experience with each of those companies and personally ranked them from 1 to 5 stars. The Middle Ages of Forex Peace Army As the website grew, he decided to do something bigger with it, plus the domain name was a little too amateurish. In January of 2006, Dmitri Chavkerov bought a domain forexbastards.
The reviews section of the website was upgraded in such a way that readers could submit their own reviews and ratings for all the different forex-related websites listed. In 2005-2006, forex was more like the Wild Wild West than a place to invest money. Most forex brokers that are big names now and that are regulated were not regulated in 2005-2006. Many brokers committed all kinds of fraud against forex traders to take their money away. Another common fraud was done by a large percentage of forex education and forex signals websites using deceptive advertising. The most common problem was that these sites would promise something attractive on a sales page and back it up with a refund policy.
After a client bought the product and saw that what they received was inferior to what was promised to them, they would try ask for a refund. Forex Peace Army Today Many companies still commit frauds like this now, but the percentage of them is much smaller than it was back in 2005-2006. Forex regulators have improved and Dmitri’s website warns smart currency traders away from many scams. In November of 2007, instead of just labeling the companies as SCAMs based on undocumented claims by traders, Dmitri decided to begin making scam investigations more consistent. The mission was also expanded to help try to resolve issues between forex traders and forex companies, with the hope that some companies could be improved. The FPA can’t take credit for all of them. Some were shut down by regulators.
Others, Forex Peace Army only found out about after the company closed down. Most of the rest went out of business because traders were warned to keep from sending money to them. Forex Peace Army now lists over 3000 forex websites. It is the largest and best collection of human-moderated forex reviews anywhere in the world. Forex Peace Army also has forums, featuring a large amount of educational material. The FPA also decided to stop wondering which EAs, Forex Signals, and Forex Managed Accounts Services really worked.
With Performance Testing showing unfiltered results directly from the broker, it’s easy to see which forex services live up to their claims of profitability. There’s also a low-latency forex news calendar and a growing array of other tools for traders. The Future of Forex Peace Army The FPA is constantly striving to improve. Screening for reviews has taken huge leaps forward. Performance Testing continues to be improved.