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.