Fxcast.com is Real Scammer!

[TheJerk]

Originally Posted by warzone

** As of January 15, 2008, the following forex brokers offering MetaTrader 4 are not regulated in the U.S. under the CFTC and NFA: FXOpen, Crown Forex, MIG Investments, FXcast, and North Finance.

THIS IS what I found FROM some website. At least, it told us something. Accurate or not? ASK NFA.

This throws some light on the point of knowledge of people about the Forex market.
FXOpen - Egypt Company
Crown Forex - Seychelles Company even if they claim Switzerland
FXcast - registered on Antigua - Caribbean island
North Finance - offshore also - Seychelles? Not quite sure.

The NFA and CFTC are pure US organisations. Why should any of these Brokers which have nothing to do with USA be regulated by NFA?

Even if they would - they cannot. And folks - who wants to throw 20 Million USD on the table only to be regulated by an US authority?
Who has written this basic waste of economic nonsens?

The best is - search the web for remarks and there is only one company who has almost no negative remark. Do it yourself.

Forex is a Sea of Sharks - make sure to be the guy with the harpoon.

[jackvdo]

In response to oilfxpro's comment about the Best Online Forex Broker web site "looks dodgy ,bery iffy". He is right that "Any 2 bit monkey with $20 can set up a rating site as an independent reviewer" and 95% of the so called "independent review sites" are in no way independent. Our ratings are based totally on reviews from independent traders collected from over 20 different websites worldwide. It is a very time consuming and intensive process and we stand behind our ratings and believe they are the best and most independent ratings about forex brokers on the website.

As to FxCast, which this thread is about, we make no claims about them, either positive or negative, as we don't promote brokers, but the rating they have received is based upon the independent opinions of your fellow traders. We are currently working on updated ratings which will be published in the next couple of months. Perhaps some of the comments on this thread are correct and FxCast's rating will be considerable lower this time, I don't know, we will just have to wait and see.

Originally Posted by oilfxpro

Hi

This rating company looks dodgy ,bery iffy when some known dodgy companies are at top of list .

Looks like a pumping and dumping scam promoter site

Best Online Forex Brokers, the Internet's Most Comprehensive List of Forex Brokers and Forex Broker Reviews, Rankings, Ratings, Comparisons and Information

Any 2 bit monkey with $20 can set up a rating site as an independent reviewer

OILFXPRO

[oilfxpro]

Originally Posted by TheJerk

This throws some light on the point of knowledge of people about the Forex market.
FXOpen - Egypt Company
Crown Forex - Seychelles Company even if they claim Switzerland
FXcast - registered on Antigua - Caribbean island
North Finance - offshore also - Seychelles? Not quite sure.

The NFA and CFTC are pure US organisations. Why should any of these Brokers which have nothing to do with USA be regulated by NFA?

Even if they would - they cannot. And folks - who wants to throw 20 Million USD on the table only to be regulated by an US authority?
Who has written this basic waste of economic nonsens?

The best is - search the web for remarks and there is only one company who has almost no negative remark. Do it yourself.

Forex is a Sea of Sharks - make sure to be the guy with the harpoon.

Why do they not place an advertisement ?We are a bucket shop based in Cyprus!