REFCO SCAM CASE

Scammmm


I have a lot to say and a lot of evidence and screen shots off their platform.
Since i have been trading with a number of different platforms i can tell you that brokers that use their own platform and don't use MT4 it is easy for your broker to access your computer software and slow down your work.

and this is what iFOREX did. I put 100$ as a test . luckly i checked their download version which was supposed to be fast according to them.

although it was faster then the java platform yet they had the ability to do what they wanted from the back office and then blame it on my internet speed and my "computer hardware", i have 3.0 duel core II and 2 GB cash memory. the interent speed of upload is 512k or something." I simply don't buy their explanation and found it realy offending. Stay away from this broker. And yes, like previously mentioned they are based out of Israel and that is why i am building a nice case to sue them i will post the update.

and by the way they send me back my 100$ withuot charging me anything so that I shut up.

REFCO SCAM CASE

Okay, I never used Refco, but with the amount of bad publicity it got, I couldn't ignore it without putting it in the SCAM section. You probably already know what I am about to say, but from what I know, Refco used to be the biggest Forex Brokerage in the world, and they did some gray activity with people's money. They traded against their people's account, which most brokers still do by the way, but Refco was really bad to their profitable traders, putting their accounts on "manual execution" and pissing everybody off to the degree that people would quit. It seems like all refco wanted was beginner traders that would piss their money away, and Refco would make all that money. I also heard that the founder of Refco was charged with a number of criminal charges, and either went to jail or turned bankrupt or both. Also, the straw that broke the camel's back was an instance when Refco froze every single account of their clients, and didn't let them withdraw money for a while, claiming that they were investigating some fraud, but in reality they were just using people's money for some short term shady operations. After some really bad publicity for Refco, it came out with a new company, which is FXCM. Supposedly now FXCM is separate from Refco, and it simply bought a lot of Refco's assets. I personally used FXCM and my experience with them was fine. I don't think their affiliation with Refco should matter much. Anyway, that's the rumors and news that I heard about Refco, I may be wrong on a few things there, but would love to hear from some people who truly had accounts with them.