[king254]

I am a subscriber of Felix Homogratus news alert service. May be you have heard of him. Today I got an email from him that says:-

This is Felix writing. One of our Secret News Weapon users finally
got banned after making around $250,000 of profits...
To read more about this, go to this link:
http://www.forexpeacearmy.com/forex-...anned-him.html

Although I am earning not much from forex but my question to all traders here, is it really possible that forex broker can ban our account if we make big money. The subscriber who made $250,000 was using a news alert service so he was trading on news. But my question is what if he would have made this money from regular technical analysis then in this case also broker would ban him. If broker can really ban the account here and there then whats the use in putting the money into forex and waste several hours to make profits.

[FXHOY]

All brokers have certain guidelines their clients must obtain to in order to keep their accounts from being flagged. Some brokers have rules against hedging and scalping for example. If you open an account with a broker be sure you are familiar with their rules and accounts operating guidelines.

To me this looks like one of two things; a marketing ploy for this secret weapon trading strategy and/or this individual was using some dishonest practices inside his/her account.

This story is not that unbelievable however OANDA is a very large and respected brokerage, if this were about a small unregistered startup, then well I may be more inclined to believe it.

[jafar00]

Originally Posted by FXHOY

This story is not that unbelievable however OANDA is a very large and respected brokerage, if this were about a small unregistered startup, then well I may be more inclined to believe it.

Oanda is just as screwy as the best of them. How do you think they got so large?

[firestar99]

Well, not unheard of...no... but there are several things you all need to know:

#1. Broker's #1 concern is not YOU... it's their wallet...
#2. They will do whatever it takes to line their pockets including pip hunting; non-triggered entry or exit targets; claim computer "fault"... and any other creative marginally legal way they can get your $$... One of the standard clauses in any agreement includes something about the broker not being held liable for "computer malfunction" or "failure to deliver signal" due to some problem or other. Now some brokers are more honest than others and actually refund part of your $$ IF it was legit electronic fault...others are not so generous. I actually had some $$ refunded by Marketiva because of a electronic glitch of some kind 2 years ago. While I don't hold up Marketiva as a high water mark, they did do the right thing in this instance.
#3. IF broker is losing $$ because their traders are lousy traders... well, they take YOUR $$... Most brokers offer managed accounts... or so-called managed accounts which are managed by totally incompetent traders with way too little experience to manage anything except their own wallet. So...buyer beware... is always good.
#4. When you go out there to trade... you are on your own. You are in the camp of the enemy... your enemies are (brokers and other traders big and small, in addition to news and other economic or ecological disasters). IF you want to survive...you have to stop treating them like friends and start treating them like what they are... enemies.

The above is not limited to just major brokerages... I have yet to find a totally 100% honest broker and I tried a few... But as I said at some other time... when $$ are at stake, especially large $$, honest folks are hard to come by. Still, I have to commend the charts of fx-open... they are pretty good insofar as I can see, considering what they have to work with.

Happy trading...

[king254]

Originally Posted by firestar99

Well, not unheard of...no... but there are several things you all need to know:

#1. Broker's #1 concern is not YOU... it's their wallet...
#2. They will do whatever it takes to line their pockets including pip hunting; non-triggered entry or exit targets; claim computer "fault"... and any other creative marginally legal way they can get your $$... One of the standard clauses in any agreement includes something about the broker not being held liable for "computer malfunction" or "failure to deliver signal" due to some problem or other. Now some brokers are more honest than others and actually refund part of your $$ IF it was legit electronic fault...others are not so generous. I actually had some $$ refunded by Marketiva because of a electronic glitch of some kind 2 years ago. While I don't hold up Marketiva as a high water mark, they did do the right thing in this instance.
#3. IF broker is losing $$ because their traders are lousy traders... well, they take YOUR $$... Most brokers offer managed accounts... or so-called managed accounts which are managed by totally incompetent traders with way too little experience to manage anything except their own wallet. So...buyer beware... is always good.
#4. When you go out there to trade... you are on your own. You are in the camp of the enemy... your enemies are (brokers and other traders big and small, in addition to news and other economic or ecological disasters). IF you want to survive...you have to stop treating them like friends and start treating them like what they are... enemies.

The above is not limited to just major brokerages... I have yet to find a totally 100% honest broker and I tried a few... But as I said at some other time... when $$ are at stake, especially large $$, honest folks are hard to come by. Still, I have to commend the charts of fx-open... they are pretty good insofar as I can see, considering what they have to work with.

Happy trading...

Then I think stocks trading or other type of trading like commodity futures trading is more safe then this killing forex

[borntrader]

i cant believe that traders keep this much money in there acct
i feel it safe to withdraw my profits every $1000 which is done very week by me and i have never had any problems so far..

[sulzinc]

What broker with Borntrader?

[borntrader]

Originally Posted by sulzinc

What broker with Borntrader?

i use interbankfx and marketiva and fxopen
maximum money of mine is in interbankfx and smaller ones in fxopen

[king254]

Originally Posted by king254

I am a subscriber of Felix Homogratus news alert service. May be you have heard of him. Today I got an email from him that says:-

This is Felix writing. One of our Secret News Weapon users finally
got banned after making around $250,000 of profits...
To read more about this, go to this link:
http://www.forexpeacearmy.com/forex-...anned-him.html

Although I am earning not much from forex but my question to all traders here, is it really possible that forex broker can ban our account if we make big money. The subscriber who made $250,000 was using a news alert service so he was trading on news. But my question is what if he would have made this money from regular technical analysis then in this case also broker would ban him. If broker can really ban the account here and there then whats the use in putting the money into forex and waste several hours to make profits.

Sorry for starting this thread, I am new to forex and a recent subscriber of this scammer named Felix. I just got to know from this forum that he is a great scammer of all time. so now I have removed myself from his shitting newsletter. I am really thankful to this forum as this saved me from being a paid subscriber of this scammer.