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Oct 23rd 2007
Sigh, this reminds me of something that happened to myself too. Felix from Forexbastards has sent an update with regards to ForexGen, here’s a short clip..
This is Felix. I wanted to share a very disturbing story with you… Though I can’t guarantee that this is the truth, but from my investigation and my understanding it seems a very legitimate story.
One of the subscribers of kingforexsignals.com by the name of Rashid has been trading with Rob Grespi for the last few months, using the broker http://www.forexgen.com/
Rashid grew one of his accounts, #5011164, from $20,000 to over $110,000 over the last few months by taking a few position trades. Few days ago, he decided to cash in his profits from all his accounts with this broker, and made a withdrawal request for the full amount of over $160,000.
I shan’t steal the limelight, for more info, check out Felix’s thread on ForexGen.
1 pips spread? Ridiculous! Avoid them.
Popularity: 22% [?]
I know this will not help many who get blineded by the dream to profit big in forex for the first time, but novice traders, please read this so you don’t get into the corner I found myself in, losing most of my money because this bastrad of all bastards who you call Felix, and i call demitri or the real brain behind all this scam, a guy called Bruce Hoffman from Texas(convicted for many fraud crimes and spent time in jail).
This little punch of people doing what at least can be described as organized crime, inlcuding many other identities like Rob, Grespi, Rick, Ghafour, Rasheid, Omar, and many more masks….all fake
They promote their signal service, fooling novice forex traders to count on them in trading the news. they have caused hundreds of people to lose big money. they even dare to promise you if you lose that they can blackmail the broker to get you your money back.
They have done that several times and we have seen traders burned by their flames, and they try to flame brokers too, some times succeed and others not. Google for felix combined with Oanda, interbankFX, FXCM, Forex.com, and any broker of your choice, you will see their scams, a replica used with tens of brokers over the past 3 years, and the victims, hundreds of traders who get broke.
Hmm, and you’re one of the victim?
Keep up all the great work on your Forex blog! We enjoy reading your analysis and take on the Forex market. If you have the time we welcome you to come and see our fresh and innovative “time trading” model that is predicting the daily pivots times (the times the Forex market will change direction). Come try us out for free and tell us what you think. Go to http://www.iforexsignals.com
i Forex Signals
Forex Trading
Look & Judge & say who is the scam:
That’s The Story:
- I’m Introducing broker for forexgen from age ago
- While one of my clients was searching for signals he found the following website www . kingofforexsignal .com then he signed up in this website & begin to receive signals but unfortunately he lost his account & liquidated
I don’t believe it at first but when I get this complain from more than one client I began to search & analyze this issue
- I signed up with those bastards & I found the following:
Wrong Signals
Opposite Signals if you compared it with right one
non-profitable signals
- I searched who is the owner of this website & I found that this website owned by Felix ((((((((((((((((((((yes Felix))))))))))))))))))))))
I searched for all his activities & the result was:
He owns the following:
www. forexpeacearmy .com : This website post scams for brokers that don’t pay for Felix yes they are gangs
www. kingofforexsignal .com : This website send wrong signals for clients to make them lose & complain the brokers to Felix for posting scams against them
Felix has his own brokerage companies but under another names & companies
So he is attracting the clients by a dirty way (yes he is a dirty man)
I looked for forexgen in forexpeacearmy & I found many & many scams but I didn’t hear any complaint from my clients, so how come?
I asked them for the reason of that & they sent me an email saying that they refused to pay him a cent
I understand then what he is doing in his websites
I tried to reply for any scam for forexgen but this pig erasing any thing good for them
I found someone called Alan alansmoneyblog . com saying bad mouth about forexgen & the same as forexpeacearmy (Because They are related to each others) I gave him comments in this blog & at last he asked me for a discussion in his forums
The first thing I did there that I built rules for the forum discussion
As an evidence I submitted here a photo as a snap shot from the rules posted
The rules was:
1) No For Escape
2) Escape means loss
3) No Spamming
4) No For Lies
5) Don’t block any participation from other members
6) Let’s do it with honer
7) Don’t ban me or any member else
Cool Don’t change the way & direction of the conversation
9) That’s what I want to say
At the last they was not able to give me a logic respond for there attack on forexgen & more than that ForexGen send me an email saying that there someone called Alan entered the website & chatted with ForexGen’s representative complaining about me saying: ”tell him (alessandro0003msc) to stop posting in my forums” lol he is not able to give me a respond
That is the chat between Alan & ForexGen as they sent me:
[17:44:25] info: You are now chatting with ‘Rooney’
[17:44:25] info: Your Issue ID for this chat is LTK7504364874X
[17:44:30] Rooney: Welcome to our live chat service.
[17:44:32] alan: hi Rooney
[17:44:34] Rooney: Allow me to introduce myself as your chat representative…
[17:44:34] Rooney: Hello. How may I assist you?
[17:44:38] alan: I got a issue for you
[17:44:46] alan: with an IB of yours
[17:45:35] alan: alessandro0003m is his handle
[17:45:43] alan: he goes around spamming forums about ForexGen
[17:45:48] alan: I don’t think you’d want him to do this
[17:46:04] alan: he’s only going to build up a bad repuation for ForexGen
[17:46:50] Rooney: Please hold on one moment Sir.
[17:47:04] alan: k
[17:48:13] info: Please wait while I transfer the chat to ‘Mac’.
[17:48:19] info: You are now chatting with ‘Mac’
[17:48:19] info: Your Issue ID for this chat is LTK7504364874X
[17:48:42] Mac: hello sir
[17:48:45] alan: he Mac
[17:48:54] alan: have a slight complaint to make about one of your IBs
[17:49:08] Mac: sure sir what is that
[17:49:14] alan: I think this fellow is doing more harm to your reputation than good by spamming forums
[17:49:31] alan: using fake handles to initiate false conversations to lure people into signing up with your company
[17:49:41] alan: harassing anyone who posts negative comments about forexgen
[17:51:33] Mac: ohh sir thanks for your opinion i will inform the administration about this issue thank much
[17:51:52] alan: np, he even got on my forum and now he won’t stop
[17:52:08] alan: I hope you guys tell him to please stop doing this
[17:53:03] Mac: ok sir , i don’t know what exactly they will tell him
[17:53:20] Mac: because i dont have a list for all our IB’s
[17:53:34] Mac: so i will inform the administration
[17:53:38] alan: ok
[17:53:44] alan: wish I could give you his name
[17:53:47] alan: but i don’t know it
[17:53:50] alan: just his handle on forums
[17:54:13] alan: thanks for your help though
[17:54:19] Mac: thanks so much for your care about our company
[17:54:26] alan: np
[17:54:33] Mac: are you interested in forex
[17:54:44] alan: not really
[17:54:57] alan: but thanks for the offer
[17:55:06] alan: have a great day
[17:55:24] Mac: you too sir
So what will you say if you knew that Alan baned me from his forum after chatting with forexgen
& I want to enter & give him reply but he banned me & my IP & everything related to me
So who he is winner ?
I don’t want to know the winner but I want to tell all of you that he is loser & I will sign up there from different IP from different place with different username I will try to pick username like this one here.
That’s all what happened between me & those bastards
Something else I’m doing some promotions for me as a broker for forexgen not promotions for forexgen & that is a normal for any IB as you know
So Try to be far of Felix & his activities
Alan & his forums
Pharaoh & his replies
Judge with Fair
Judge after searching about felix & his activities
Judge about forexgen after trying to speak with one of it’s clients
ForexBastards Scam | Forex Scam | Forexpeacearmy.com (Review that)
http://www.forex-tsd.com/metatrader-…e-too-late.htm
Hi Andrew Kelly,
I don´t know anything about forexgen, but I think that we need to tell the truth about what´s happening with many forex brokers and so I posted in Felix´s Blog about InterbanFX and what I posted there is totally true (I posted about it in My Blog too, I am not Felix!!):
http://noponzi.com/?p=153
http://noponzi.com/?p=154
http://noponzi.com/?p=156
As you know IBFX is 1 of the most important Forex brokers, and see what they are doing to honest traders…, my opinion is that we need a better regulation in Forex brokers to avoid all these problems. Current regulation is not enough.
Hi,
After reading your story, it has made me careful in dealing with new brokerages.
Thanks