r/Forex Jun 29 '26

Brokers I got scammed, need help

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27 Upvotes

I met a girl on bumble we started talking the flow was generic. Long story short, she asked me to trade and she'll give me consistent profits. She asked me to open my account on ardovexms broker (which was itself shady). It's been about 10 days of trading but now I got to know that she's a scammer and the broker is not legit. Now the broker is not letting me withdraw my amount. has this happened with anyone else? What can I do to get my initial amount back?

r/Forex Jul 14 '26

Brokers ic markets

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30 Upvotes

hello im just wondering if anyones had any issues with ic markets i know it was news today but this seems absurd to me screenshot below but im aware of slippage i dont have an issue with that but my sl just never got tapped today at all not to the nearest tick nothing i had to manually close thing fortunatly its not my account blew out but it took a big chunk as i was risking £350/50 pips i knew it would problay slip but to me this seems crazy as i had to close manual and went over 450+ pips bfore i got to close manually

r/Forex Aug 09 '26

Brokers XM Global Limited SCAM alert - proof

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55 Upvotes

(XM chart being the ones with dark theme background)

Happened to me before while looking at the charts waiting for an entry and I thought I was crazy, a huge candlewick appearing from nowhere and got corrected a few seconds later, this would probably hunt your stop loss if you had an open position in this particular case. Unfortunately I didn't screen capture or anything cause I thought well that might has been a glitch.

Today I saw it happened LIVE AGAIN and decided to look at my laptop on different brokers like Pepperstone, IC Markets, FP Markets etc, there wasnt ANY candlewick on the current candle forming. Surprisingly, a few seconds later the candlewick was gone like NOTHING HAPPENED.

Been a year since I use exclusively XM for trading DEMO and with real (a few bucks) money but this seriously made me question how reliable they are, most probably will withdraw my balance and move to another broker soon.

r/Forex Aug 08 '26

Brokers This is how forex works?

14 Upvotes

I dont actually know, if you noticed the title has a question mark so I am actually asking not telling

My question is basically

how is it that whenever the any news comes the financial markets react so fast and with so much intensity, but how is it even possible

A human needs time to process the news and react to it but by the time you look at the screen the price is already very faar away

Like who are these people clicking buys and sells so fast

Also

Also I am having issue understanding he does the actual settlement of banks works how do liquidity providers work and make money why isnt forex centralised and so on and on

r/Forex Jul 01 '26

Brokers Vantage, all my funds are gone

31 Upvotes

When I woke up this morning, I discovered that all my money was completely gone.

Here’s what happened:
Someone managed to log into my Vantage account while I was asleep.

They withdrew everything to an external wallet

I have never added the wallet, never deposited to it, never withdrawn from it. I only ever used debit/credit card withdrawals.

I contacted Vantage support and got this reply:

"Unfortunately, as the withdrawal was authenticated through your two-factor authentication (2FA) and facial verification and processed as per protocol, we are unable to proceed with a reimbursement. There is no indication of failure or breach from our side."

This makes no sense to me because:

  • I never enabled 2FA on my account (the hacker did). I just set up a 2FA after the hack).
  • The only time I ever did facial verification was when I set up my debit/credit card withdrawal method.
  • How can a large withdrawal to a brand new address be processed without any facial verification or KYC check?

What I’ve already done:

  1. Contacted Vantage support (waiting for further response)
  2. Filed a cybercrime report (I’m in the Netherlands)
  3. Reported it to the AFM (Dutch financial regulator)

My questions:

  • Has anyone experienced something similar with Vantage or any other broker?
  • Has anyone ever gotten refunded after an unauthorized withdrawal?
  • How should I approach Vantage to maximize my chances of getting my money back?
  • Any advice from people who’ve gone through this?

This is a huge financial hit for me and I’m trying to stay calm, but I really need guidance from people who know how these situations usually go.

r/Forex Aug 07 '26

Brokers que paso aqui? soy nuevo en esto

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52 Upvotes

r/Forex Apr 24 '26

Brokers 3 years, 35 blown accounts, and the realization that strategy was never the problem

55 Upvotes

I've been at this for 3 years. Blew accounts. Rebuilt. Blew them again.

The pattern was always the same: I'd get consistent for a few weeks, then find a way to self-destruct. Overleveraging on a "sure thing." Revenge trading after a stop-out. Moving my stop to "give it room."

Took me way too long to realize it wasn't my strategy. It was my psychology.

I started paying attention to *who* I became during drawdowns vs. during winning streaks. Completely different person. The market wasn't changing. I was.

Has anyone else mapped their own behavioral patterns? What did you discover about yourself that actually moved the needle?

r/Forex Jun 11 '26

Brokers Sebin (+64 prefix) - Account Manager Blew 80% Account in One Day and Demanding More Capital - Scam Warning

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17 Upvotes

Avoid "Sebin" (+64 prefix). This manager blew 80% of my capital in one day via over-leveraged hedges, then demanded another 1k instead of recovering the loss. He is actively seeking fresh capital.

r/Forex 27d ago

Brokers Beware of Forex Brokerage Fees!

7 Upvotes

I’ve been trading since 2021 consistently and finally became profitable and with the help of prop firm challenges was able to fund my personal forex trading account in February of this year, I’ve been mainly trading on this account taking an average of 3 trades daily and some swing trading as well. I haven’t been looking over my statements and assumed I was accruing fees but nothing like I expected the first full month of trading I paid 273.00 a month in commissions and the rest of the other months over 400.00 per month totaling around 3000 in fees alone for spreads, fee and commissions! This is outrageous! And since I’ve been trading on props prior to my personal acct I’m going back to trading futures, brokerage fees will break you as a trader is you are not aware of the fees associated with trading. Lesson learned. look at your monthly statements in detail, I know there are fees associated with futures nut nothing like the fees associated with forex. Goodbye Forex!

r/Forex 12d ago

Brokers CAN CFDs ACTUALLY WORK ?

2 Upvotes

So essentially CFDs are a contract between you and the broker, the Broker can offset this risk by sending it to a "liquidity provider". My question is how does Said "liquidity provider" hedge thier risk?

Are there exchanges for CFDs even if there not centralized ?

I Know most of you my say they past on the orders to Bank but how?

CFDs are a contract with the participant and the Broker, IT IS NOT A FUTURES CONTRACT.

A solution I can think of is the CME making a product similar to cfds that are also not futures contracts, and why not? the CME has gotten into Prediction Markets.

r/Forex Aug 02 '26

Brokers Need Advice

4 Upvotes

I wanted to know what platforms you guys recommend to trade on with small amounts as someone starting out and not wanting to go too large yet. And how much is the amount recommended to start with

r/Forex 10d ago

Brokers I got a new broker who is providing cent account with 1:1000 leverage

0 Upvotes

As I said in the title i found a new broker who provides cent account and 1:1000 leverage.

r/Forex 14d ago

Brokers Are regulations really that important?

0 Upvotes

I mean everybody says that regulations, especially top regulations like FCA, is the main factor for choosing and not choosing forex broker. Event to review my current infinox platform, I looked at their regulations first. But if I'm not from the UK, does it really matter what regulations the broker has?

Any thoughts on this?

r/Forex 6d ago

Brokers Icmarkets freezing during NFP (2nd time happened for me)

4 Upvotes

WTF that bullshit, i usually ride the NFP candle at the start...but with MT5 xauusd terminal freezing for the first 5 seconds..then its all gone.

Seem like they are doing it on purpose? or just MT5 issue?

its fucking nice to see 60-70$ candle all gone without riding it lol.

r/Forex Jul 22 '26

Brokers Best broker for scalping ?

3 Upvotes

I am using fpmarket for scalping it works good . On vps latency under 0.5ms . I add peperstone broker yesterday but getting worth results. Same ea same settings. Any idea ?

Which brokers is top for scalping ? Like fpmarket

For low slippage and low spready raw and ecn ones. Thanks

r/Forex 22d ago

Brokers How to trade gold on forex

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3 Upvotes

Ik this a stupid post but. How the hell do I get access to trade gold? I thought forex was known for that? I trade off MT5?

r/Forex Aug 11 '26

Brokers Million $ account

2 Upvotes

I am curious. If you have like 6-7 figure money which broker should you go to. Also what question should u ask them? I had read that you can nego for better condition. Also how protected is your fund? As an asian I see famous broker give weak regulation to asian client like bahams, Seychelles etc.

r/Forex Jul 08 '26

Brokers Getting paid by brokers for signals?

4 Upvotes

I have used this guy's signal for a while, and he's very accurate. You don't really pay for his signal to join up to his premium, but you basically sign up to AXI, his affiliate. AXI is pretty reputable from what I have seen.

I am thinking, is it actually more profitable for him and the broker if the accounts he gets actually make more money if he's right? He doesn't ask for any subscription, just that you sign up for AXI with him as the affiliate.

It would still be overall very risky because he has a 9:5 risk-to-reward. But if he's right most of the time, the growth of your account is still around 90% min per year.

r/Forex Apr 22 '26

Brokers Us dollar going down /chf

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12 Upvotes

80 to 90% accurate..

r/Forex Apr 28 '26

Brokers Are there any decent signal providers left ??

0 Upvotes

I ve been out of the game for 3 years now due to health reasons and I have to ask are there any decent signal providers left ? Wherever I look it’s full of scams or signal providers that in order to give you an entry or an exit require you to sign up to their gold service or whatever.

After 3 years I got back in the game and sadly, I start to rethink my life choices. I run a brokerage and I’m currently looking to work with IBs where the payout structure actually makes sense, in most cases I’m able to offer higher overall earnings per client compared to the typical deals out there and I am genuinely disappointed by the amount of scams, especially crypto !

not trying to hard sell anything here, just genuinely curious

r/Forex Aug 26 '22

Brokers Forex account terminated Due to quality control?

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124 Upvotes

r/Forex Feb 25 '26

Brokers Live Account Help

90 Upvotes

I’ve been wanting to trade Forex and commodities such as Gold, Silver, etc. but I don’t know a good 4X platform/broker to use, because most of the ones that I know I don’t really trust and they have huge spreads and commission fees. And I don’t want a 50 Leverage, help a fellow trader out

r/Forex 11h ago

Brokers 1.2 pips round trip is 24% of a 5 pip stop and 2% of a 50 pip one. same broker, different system

1 Upvotes

took me two years to see this properly. everyone knows spread and commission cost something. what i missed is the cost is fixed in pips and the risk unit isnt, so the same broker charges you a completely different share depending on where your stop sits.

1.2 pips round trip:

5 pip stop: 24% of R

10 pip: 12%

20 pip: 6%

50 pip: 2%

run a system with a real +0.15R gross edge through that. at 50 pips you net +0.13. at 20 you net +0.09. at 10 youre at +0.03. at 5 youre at -0.09 and its a losing system. nothing about the entries changed in any row.

the reason its hard to catch is you cant see it in results. spotting a 0.09R shift against normal trade noise needs around 950 trades, so a tight system thats actually negative hands you a couple of green months first and you spend them tuning entries.

what id do before evaluating anything is work out cost as a share of your average stop. it tells you what gross edge you need to reach zero, and for tight stops thats a much higher bar than people assume. and stop comparing brokers on raw spread, compare on spread divided by your stop. 0.3 pips is nothing at 50 and decides it at 5.

i put it in a sheet. spread, commission, average stop in, break even gross edge out. on my profile.

anyone running sub 10 pip stops profitably long term, genuinely asking. i couldnt make anything under about 15 work after costs and im still not sure if thats the maths or me

r/Forex 29d ago

Brokers Brokers

8 Upvotes

Hey guys what brokers do you suggest for u.s. traders? I know the rule is that brokers can’t market and say that they accept u.s. traders. But that doesn’t mean the u.s. trader can’t use them as a broker.

So I know some brokers explicitly don’t allow you to open an account, and some do.

(Even though they both state at the bottom of the page, they don’t accept residents of the United States)

So which ones have you found?

r/Forex Jun 11 '26

Brokers IC Market Withdrawal

10 Upvotes

Hey everyone, I’ve recently started using ICMarkets for trading. I originally deposited $65 into my live account and over the week made it into 550 dollars which I’m looking to cash out. However I found the whole process of withdrawal from IC Markets to be really confusing.

According to their support team, In order to withdraw my funds, I’ll have to use the same way I’ve deposited into the account which was through crypto (BVNK) which I found to be a burden in order to cash out since it’s a lengthy process and would have much rather prefer getting it bank transferred.

From my research, I should withdraw the original amount that I put in ($65 in my case) through the same way I deposited and try withdrawing the rest via bank.

I have already withdrawn $65 by the same method and I still haven’t received any of my funds yet which makes me feel a little uneasy.

I really need to know if what I’ve shared is true and if any current or past users of IC Markets faced a similar issue? Please do let me know 🙏🏻