MONEYFOREX SCAM CASE

I tried live account for six months. They don’t respond to phone calls, don’t have office, your messages are taken by a call center rep.

It’s only one person show. He is Director. He is Admin. Manager. He is A/c Manager and He is customer Service Rep. What if you are in middle of your trade and need some assistance? There is no body to help you.

Don’t believe a single word published on their website. They are totally unethical, manipulate their spreads to suit their purpose. They monitor your trading activities and accordingly take position against you.

The moment I started to make money they started to discourage me by,
· Freezing the prices of only the pair/s I was trading most and after I took the positions(imagine what can happen to you? Because you can’t close the position at market price)
· Raising from 4 pips to 8 pips for silver
· Disconnecting me time to time
· Putting me on manual execution
· Not executing limit sell order when price was reaching so I loose money
· Awful slippage of fills and stop losses

STAY AWAY AND SAVE YOUR MONEY, TIME AND SLEEP

MONEYFOREX SCAM CASE

SCAM...SCAMMER...SCAMMED...this idiot broker is full of s****. Out of so many lies of them, one had really get me to the nerves.

It happened when i want to close account with them. They deduct me USD25, which they said is "closing acc fees". I challenged them to show me where in their terms had mentioned bout this bulls***.

U know what they did? They quickly ADDED a sentence about it at the withdrawal form and had the gut to ask me to re-check it(those who are using this broker can check urself http://www.moneyforex.com/withdrawing.php, the last line).

But these stupids forgot i had SCANNED a withdrawal form to them earlier, and there was no such sentence in it! If they are so cunning to behave like a sicko like this, then YOU should be careful.

I have all the proofs (their mails, my scanned form and others).

MONEYFOREX SCAM CASE

They deducted my account and took my money away when I submitted a withdrawal request.
They said during my profitable trades, their system was not updating prices correctly and cancel my trades over two weeks ago.

My losing trades were not cancelled.

They basically denied my withdrawal request and took my money away. They robbed me.
They are based in london so you can't complain to the SEC or have any legal actions on them in the US.

Be careful. The quotes they put up on the software and the actual prices you get on trades are worse.
Always get worse prices than what you see on the software.

They are scammers from london