Author Archives: Nathan Kay

ThinkForex Is Why Im Broke
Broker Review

Think, FX

Think Forex gets a lot of mixed reactions. Some traders warn everybody about the huge slippages and delays which occur too often, while others say their experience with Think Forex was exceptional. Here’s what I think

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6
75%

iForex Is Why Im Broke
Broker Review

Buzz, or Bust? Iforex

I’ll cut right to the chase with this one: I am simply amazed at the amount of negative comments regarding this brokerage. There’s such a negative vibe around iForex that I could easily say that everything about them could get you broke.

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6
78%

RoboForex Is Why Im Broke
Broker Review

Under the table...

I don’t like dealing with brokers that use terms like “at our own discretion”. My money is NOT at your discretion and if I deposit today but tomorrow I decide I want to withdraw, I should be allowed to do that. RoboForex, guide to avoiding going broke

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18
35%

SkyFX Is Why Im Broke
Broker Review

The Sky is the limit

After spending many hours on forex forums and on their website, I can say there’s not much evidence that points towards them being scammers. Now all you need to know is how to avoid going broke with SkyFX, and that’s why we’ve gathered here today!

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6
72%

UFXMarkets Is Why Im Broke
Broker Review

Is it heaven, or hell?

Well, everything is relative… if you place your hand on a hot frying pan, 1 minute is an eternity, but if you touch a beautiful woman then 1 minute becomes 1 second… so even 1 minute can be interpreted differently, depending on perspective. Also as going broke!

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2
100%

SaxoBank Is Why Im Broke
Broker Review

Saxonian LandScape, SaxoBank

SaxoBank was founded in 1992 as a brokerage firm and in 2001 obtained a banking license from the Danish Government. If you’ll search them on the internet you’ll quickly find out that most complaints address stop loss issues. Here’s how to avoid!

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5
96%

ETX Capital Is Why Im Broke
Broker Review

Searching for ETX

ETX Capital are in business for more than a decade and are regulated by the FCA . I spent a lot of time on their website, studying their conditions and looking at what they have to offer. I’ve read comments, complaints, and reviews. Here’s how you avoid going broke!

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11
78%

Exness Is Why Im Broke
Broker Review

Exness going up

On middle 2014 Exness’s clients’ monthly volume exceeded 180 billion USD. Of course on public forums I could find people who called Exness a scam, but I have yet to see a broker that is not called “scam” by someone at some point. Re-quotes are a major problem here, learn to avoid!

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5
94%

NordFX Is Why Im Broke
Broker Review

NordFX breaking the ice

There’s something very odd about this broker… On the one hand, they have some scary clauses, on in different words – clauses that might separate you from your money, and on the other hand – they seem to be growing steadily with no major complaints. Let’s see how we can avoid going broke with Nord

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6
85%

BForex Is Why Im Broke
Broker Review

BForex, B(ig)mess

The majority of their clients complain they cannot withdraw and several positive reviews have been proven to be posted by Bforex representatives under different names. So… why can you go broke with Bforex? I don’t know… Lots of options.

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4
73%

Forex Mistake #22 – The Copy Trading Catch

Copy Trading Catch 22

Copy Trading emerged as the latest most popular FX trend. More newbies are risking their money by following signal sellers aka “Leaders”. The truth is there’s no such thing as make easy money. There’s a Hugh risk in copy trading, and unfortunately, most traders are unaware of them. Learn to avoid!

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7
100%

eToro Is Why Im Broke
Broker Review

Are you copying from others?

eToro was at first a financial investing platform and later on became a truly social platform, continuing to improve ever since. As a new emerging trend, Copy Trading has it’s advantages and “go broke” factors, so take your time to read, and learn how to copy trade without going broke!

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10
88%

Capital Trust Markets is Why im Broke

Looking for CTM

Capital Trust Markets: they have it all… with a $100 minimum deposit. I’m looking and looking, but I can’t find something that could make you go broke, as far as the broker is concerned. They started on the right foot, now all they have to do is continue that way.

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5
60%

FXCM Is Why Im Broke
Broker Review

FXCM Is Why Im Broke

FXCM is one of the true giants of the Forex industry, regulated by the most fearsome regulatory agencies: the U.S. National Futures Association (NFA), U.S. Commodity Futures Trading Commission (CFTC) and listed on NYSE. OK so they’re great, but how can you go broke trading with them?

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17
94%

Plus500 Is Why Im Broke
Broker Review

The Plus500 Machine

Fact #1: Plus500 CFD Service is a publicly traded company and is regulated by some of the most prolific regulatory bodies from the countries where it operates. Fact #2: Plus500 don’t allow scalping so if that’s your main way of trading, you could go broke. Fact #3: Learn to avoid, and profit!

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20
93%

XM Is Why Im Broke
Broker Review

XM Attitude

A trader on a well known forum claims he/she had a 15-20 minutes delay on XM… let me say that again: 15–20 minutes. If it were true, which I don’t believe, that would be a solid reason to go broke. I don’t like their approach regarding “sole and absolute discretion” and so, I will stay away for the time being.

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14
86%

HotForex Is Why Im Broke
Broker Review

Flying bullets hotforex

Bonuses, bonuses and more bonuses… If you are a fan of bonuses, this is definitely the broker for you. The offers are prone to change from time to time, but more important, they come with a ton of conditions and strings attached. Learn to avoid!

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14
86%

AvaTrade Is Why Im Broke
Broker Review

AvaTrade Blame Game

It seems that AvaTrade uses accusations of arbitrage to cancel the profits of clients who trade during high volatility conditions, especially at the time of news releases. To make the long story short, you can go broke by being falsely accused and having your profits canceled…

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26
83%

Forex.com Is Why Im Broke
Broker Review

Forex.com Chief of Forex

Gain Capital is one of the early developers of the on-line FX trading and after 15 years not only that they are still presented heavily in the market, but they’re actually in my top 5 biggest brokers list. Avoid going broke is easy in this case

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4
100%

IronFX Review
Broker Review

The IRON FX

Over 60 offices worldwide, and more than 1,400 employees providing support in over 45 different languages, strongly regulated worldwide… Can you go broke with IronFX?

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22
99%

CMC Markets Is Why Im Broke
Broker Review

CMC and CMC Markets

Although the company has been around for a long time and Goldman Sachs owns 10% of it, a bad vibe surrounds them. Basically, people complain about all the potential issues you can think of… Lean to Avoid going broke with CMC Markets!

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25
79%

OctaFX is Why Im Broke
Broker Review

OctaFX attack!

I’m not impressed one bit by their awards or by positive comments made by the same person under different usernames. My Conclusion: wake up, smell the coffee and get proper regulation before I would consider opening an account.

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12
76%

VantageFX Is Why Im Broke
Broker Review

Vantage Climbing with VantageFX

If you know your profits are 100% legit, wouldn’t you sue the company that allegedly took them away from you? I know I would! Some Complaints concerning VantageFX are simply outrages. Avoid going broke is simple in this case

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3
97%

IBFX is Why Im Broke
Broker Review

IBFX - Not For Kids!

I always thought that Forex is not for “kids” so if you only have 20$, don’t deposit that with IBFX because you’ll get broke. Just play the lottery and enjoy it. But if you want to get serious, IBFX definitely deserves a chance!

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3
100%

CitiFX Is Why Im Broke
Broker Review

The Citi at Night!

I strongly believe CitiFX don’t need to resort to shady practices and that my money will be safe with them. That being said, they do have some complaints. Fortunately, It’s pretty easy to avoid going broke with CitiFX

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5
96%

ForexTime is Why im Broke
Broker Review

(Forex) Time is Running Time

Let’s talk about Margin Call… the nightmare of all traders, one big problem to get you broke. A bad broker will “help” you get there faster, so when ForexTime offers you tools to do that – you might just go broke with them…

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8
99%

FXDD Is Why Im Broke
Broker Review

FXDD Award

If there was a competition called “worst broker of the year”, FXDD wouldn’t miss it. Every year, they collect nominations and victory cups from various regulators. Read before you win the notorious “Getting Broke” award!

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16
93%

XForex is Why im Broke
Broker Review

Xfiles or Xforex?

Can you obtain light using water? Yes…wash the windows! XForex could bring more light in the trader’s accounts with good trading signals, yet many complaints are suggesting the windows are dirty. Read or go Broke!

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6
92%

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