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Forex Yard Reviews

2008/09 Forex Yard Reviews

May 1, 2008 - Apr 30, 2009

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Tuesday, 21th of August 2008, I opened a forex traders account (SuperMini) with a company by the name FOREXYARD.COM. Something I today certainly regret ...After some suspicious readings I started to "clock" them and ran 3 traders accounts simultaneously while trading as I have earlier been pretty puzzled over a few things regarding the occasional timing versus movements of the chart indicators and the "data-feed" FOREXYARD provide for their clients. Cant say I was surprised to find that the feedings & readings simply didnt "match" and the synchronicity was a joke...There is no question in my mind that these folks is simply making a living on stealing other peoples money by introducing the necessary oscillations in your quotes to help you lose so they can pocket your balance...

Today I have gained more experience and knowledge and do realize that virtually all forex brokers are bucketshops. They don't really buy or sell the currencies for you when you place orders. They just keep your money, and simulate trades (bucketing), since most traders lose money, they make every dollar their clients lose.

I showed my "readings" to some of my friends that also enjoy the world of trading whom suggested that I send my screenshot-chart-signature-material in its entirety to the NFA or another larger investigating body for a comment but I thought I would first post my experience on the G.F.net which seems to be a good place to start with.

I was thinking, couldnt a forex chart signature from that very day and minutes perhaps be seen as a "historic fingerprint and evidence" when compared with true market activity?

18th of April 2008 I lost 600 dollars on their methods and decided after a large number of letters to them without any results or refunds of any kind to withdraw my remaining 324.99 USD wich I did on 29th of December 2008. Until this day I have still neither heard from them or received my withdrawal...

I have read at other forums about other peoples unability to get their own money back after withdrawals from FOREXYARD.COM so, again, I'm not surprised...

Despite many things, I do enjoy forex trading and the "gambling factor" thats involved in it.

Nevertheless I have worked hard for my money and it doesnt exactly make you happy to see your hard earned money get stolen by these unscrupulous figures. A loss is a loss and its something I would certainly accept as long as it happens in a fair and natural trading enviroment. This was the way I felt as a beginner anyway..Today I know considerably better....

So what should I do? I certainly would like to get my money back, preferably the whole sum of 1000 USD...Shouldnt I be able to sue them?

Cant help but wonder how these folks sleep at night? Perhaps thinking just before sleep, "Another good days work "...Sad group of people...

Thank you for your time...

Faith...

- Reviewed by Faith, April 5, 2009. Rating = 1/10

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