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Scam Forex Affiliate Programs List

Website URL Reason
http://londoncapitalgroup.com Serve http://www.lcg.com. Stopped affiliate program without any announced.
http://brokerz-affiliates.com Serve http://www.binarybrokerz.com. Stopped affiliate program without any announced.
https://1000tradingpartners.com Serve http://CFD1000.com. Stopped affiliate program without any announced.
 http://afs.forexbrokerinc.com Serve http://forexbrokerinc.com. They claimed that they will upgrade platform but nothing happened.
http://www.yesoptionpartners.com Serve  http://www.yesoption.com. Stopped affiliate program without any announced.

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Summary
Scam Forex Affiliate Programs List
Article Name
Scam Forex Affiliate Programs List
Description
Scam Forex Affiliate Programs List
Author
Zvezda Geek

About Zvezda Geek Team

Zvezda Geek , People around the world want and need to have a happy life and sure money is important tool that can bring things that make us happy. - See more at: http://zvezdageek.com/us/about-us/
  • BW

    After several persuasive calls, Mrs. Rose Guion, Head of VIP Sales and Services – CFD1000, convinced me to invest in their Algo Trading solution (CFD1000

    Algo Trading) which would give good returns. I was skeptical about investment because which I checked their website on scamadviser.com, the report said

    “Site is Russian Federation based and one needs to take caution when dealing with them as the indicator was inclined toward high risk. Also I was told that

    they were regulated by New Zealand however when I wrote to Financial Service Providers Register (FSPR), I was informed there is no such company

    registered with them.

    In-spite of these two warnings I decided to trust on them and invest $1,000 to test the platform. I was informed by Rose that the company is in process of

    seeking regulation and that it would take time and I must not worry about it being regulated or not. I must say for some time I did see some profits in the

    account and then almost every few weeks I would receive a call from them stating we are running promotion and that I must invest more funds as they can

    double it up with their bonus. I decided to invest further $3,000 in it. Hence total equity from me was $4,000 and the total bonus on this account was

    $1,300.

    During the initial few weeks the fund manager would take position and close it max in a day or two with profit or loss. However as the market started to

    become unfavorable the fund manager decided to allow the loss to continue and did not bother closing the loosing trade. Not only did he allow loosing trade

    to become even bigger loss but he continued to open new positions in the unfavorable direction. When I asked Rose Guion about this she told me don’t

    worry about it, they are golden trades. Due to complete lack of money management and position sizing the losses continued to grow and eventually they

    caused a margin call to my account. When I asked them about why did they have to open so many positions in such a small account and why so big size

    positions, I was told the traders have done their best to manage the account. Surely by no means giving a margin call to client is in the profile of a fund

    manager.

    I am not guru in investing but as per my knowledge most of the fund managers do not allocate more than 2% of the account size for any given trade and it

    would send shiver down the spine if any single trade exposes risk more than 5% of the account size. For my account, the average risk of the loosing trade

    was 20% and the highest risk was at 34%. Also there was simply no control in the number of open positions at any given single point of time. Keeping six

    positions of 0.20 lot and then hedging it with a mighty 1.20 lot size was certainly not a professional decision.

    When I asked Rose Guion if the Fund manager have been right on their part of giving me a margin call , I was told they have done their best. Also when I

    asked how would CFD1000.com help me to recover the losses, I was told to invest more money with them and they will provide maximum bonus to me to

    help in recover the losses in next 12 – 24 months. Surely my confidence in them is at rock bottom.

    I was later informed by Rose Guion that she has been promoted in the company and that she does not handle my account any longer. My account was

    passed on to Jean Martinez. He has a Russian accent and called me few times from Italian number however when I asked him where he is based, I was

    informed he is based in London. He wanted me to invest further funds in the account for faster recovery however I told him I want to first see my initial

    investment recovered before I invest further. He traded my account for few weeks and it was slowly recovering the losses. However one fine day there

    were suddenly big positions opened and several open positions. I immediately warned both Jean and Rose about not allowing third margin call to my

    account. Unfortunately in few days the account was again hit with a margin call due to absolute careless behavior of the fund manager who does not

    seem to understand the meaning of position sizing and money management. It was clearly a deliberate act of opening big positions and causing me a margin

    call . When I discussed this with Rose, she informs the market contains risks and I should be aware of it and according to Jean I should further invest with

    them for me to recover my investment.

    I followed up with Jean several times however he does not seem to be interested in responding hence I have concluded CFD1000.com is a complete scam

    and I would like to make it loud and clear to all the existing investors and the potential investors not to deal with this company. They will show you

    progress for few weeks or possibly little longer however one fine day they will shock you with their sheer carelessness and destroy your account. I have

    seen this happening thrice with my account. If it was a genuine company, they would have refunded my amount for their negligence however they simply

    have decided to ignore my mails hence their is little left to talk about them. I have lost $5,000 with these guys and they are absolute crooks and they will

    eventually steal your hard earned money. They did offer lot of false promises however failed to live up to any of it and continue to ask for more funds in

    order to recover the investment.

    Some more proof of them being dishonest includes:

    1) scamadviser.com/is-cfd1000.com-a-fake-site.html

    There site is classified with Low Trust Rating and identified as unsafe to use. It is based on Russian Federation with safety level as little as 25%.

    2) blacklistedbrokers.com/warnings/search.php?mots=cfd1000

    CFD1000 Ltd / 1000Trading Group Corporation is in breach of French law and is not required to follow the basic rules of investor protection, good

    information or claims processing.

    3) tradecomplaint.com/trading-reviews-complaints/India/cfd1000-com-reviews-complaints/forex/fx-broker/fraud-fund-mangers-of-broker-cfd1000-

    com_i12930#.Vbew1vmqpBc&gsc.tab=0

    4) .tradecomplaint.com/trading-reviews-complaints/India/CFD1000-com-reviews-complaints/forex/fx-broker/cfd1000-com-cfd1000-broker-are-a-fraud-service-provider-in-forex-market_i13164#.Vbew3PmqpBc&gsc.tab=0

    I will share more information about them in near future so that other investors are not cheated. Never allow a broker employee or an IB to trade your

    account. I urge all the investors of CFD1000.com to withdraw your funds before its too late. If they turn out to be genuine broker and if they do refund my

    investmest I will keep you posted.

    BW

    • Hello

      First of all, the list here is for Scam Affiliate Programs but we set CFD1000 as scam broker, so, no problem to set your complaint.

      Second, We can not say more, but there were many warnings but you have in spite of all this and put your money in CFD1000 pocket. We wish that these losses are compensated soon.

      You can visit List Of Forex Brokers to find trusted brokers, click here.