How come these so called regulation companies are not stopping the Scam brokers?
Why is 21st century there are such cheating companies dealing around and stealing peoples money…that is crazy!

Mates, you were lucky all reading this topic…

I came to EA Forex Academy after many losses with the Scam brokers…

Feel so stupid I trusted these guys because they made me feel so good and relaxed that my account was growing, while it was distinguished

That is great topic and I am sure that it will help to many people. Just read carefully all in the first post of this topic. It explains it all in details.

Hey Kristiano, welcome to the forum and the Academy. I am sorry to hear that you lost money from the Scam Brokers.

My advice to you would be not to hurry now trading again(even you did not do trading there) but just take it easy, keep good money management, and make sure you control the things.

Such a shame to these scam brokers. I do not know how this is possible in 2018.

Unfortunately, the Scam brokers will always find paths to work this way, they close doors, open under another name, and keep on scamming the people. Thanks for everyone who shared his experience here, we have helped many..

I was nearly scammed, I got one call, and then another one, and another one. I got suspicious, and I started looking for brokers and Scam brokers, and I found this page in the Forum. This helped me realize that I Was a step from getting scammed. Glad I found it.

You are lucky you saw the Forum. I was late….anyway I have stable profits now the last two month using Petko’s Expert Advisors and some that I have created, so I really hope to recover the loss soon.

I do hope one day all the Scam brokers will be gone..or at least stronger regulations.

We all hope for that. The bad thing is that they have a lot of money already so they always succeed to go around the rules.

Unfortunately they give the trading bad name…

I read some news that these scam brokers were revealed, and some people went to prison!

well, the Scam brokers will always continue to work according to me.

I am trading for many years now, and the last days looked for another broker to extend my trading. They nearly succeeded to take my money by promising huge bonus when funding the account…I do not believe this sh..

Some of the regulated brokers do actually provide bonus when you fund the account, but it should be 10-20% anyway it might be Scam brokers

Most of the time when you get such a bonus there is some hidden information like “You need to trade X number of lots before you can redraw your funds”

This is a little bit tricky because they hold your money. Normally they can’t, if they are regulated. So once you make a redraw they will just take the bonus.

So it is more of a tool to hold you money longer..anyway these are practices of the regulated broker, and these are not Scam brokers.

That is quite interesting information Petko. Last days I was around the brokers, asking different questions, I saw that some offer bonuses and I decided it was scam. Thanks for the info!

You are welcome, Andi! You should be always skeptical about the brokers.

Also, if any is legit and regulated, it does not mean it will stay this way forever. It could always get on the Scam brokers side.