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InDmitri Chavkerov started a website called Free-Forex-Trading-System. On this website, Dmitri listed quite a few different forex-related companies that he was involved with.
He shared his experience with each of those companies and personally ranked them from 1 to 5 stars. As the website grew, he decided to do something bigger with it, plus the domain name was a little too amateurish. In January ofDmitri Chavkerov bought a domain forexbastards. The reviews section of the website was upgraded in such a way that readers could submit their own reviews and ratings for all the different forex-related websites listed.
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A major reason Dmitri Chavkerov named his website ForexBastards was because of what forex was like at the time. Inforex was more like the Wild Wild West than a place to invest money.
Most forex brokers that are big names now and that are regulated were not regulated in Many brokers committed all kinds of fraud against forex traders to take their money away. Another common fraud was done by a large percentage of forex education and forex signals websites using deceptive advertising.
The most common problem was that these sites would promise something attractive on a sales page and back it up with a refund policy. After a client bought the product and saw that what they received was inferior to what was promised to them, they would try ask for a refund.
These brokers and product sellers are the Forex Sebi (employee stock option scheme (esop) and out to get your money that Dmitri wanted to expose.
Many companies still commit frauds like this now, but the percentage of them is much smaller than it was back in In November ofinstead of just labeling the companies as SCAMs based on undocumented claims by traders, Dmitri decided to begin making scam investigations more consistent.
The mission was also expanded to help try forex avenger review forex peace army resolve issues between forex traders and forex companies, with forex pivot points mt4 hope that some companies could be improved.
Some were shut down by regulators. Others, Forex Peace Army only found out about after the company closed down. Most of the rest went out of business because traders were warned to keep from sending money to them. Forex Peace Army now lists over forex websites. It is the largest and best collection of human-moderated forex reviews anywhere in the world. Forex Peace Army also has forums, featuring a large amount of educational material.
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The FPA also decided to stop wondering which EAs, Forex Signals, and Forex Managed Accounts Services really worked. The FPA is constantly striving to improve. Screening for reviews has taken huge leaps forward.
Performance Testing continues to be improved. Even now, new tools for Forex Peace Army members to use in their trading are under development.
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The best part of this? Forex Peace Army Official Google Site Early History of Forex Peace Army InDmitri Chavkerov started a website called Free-Forex-Trading-System. The Middle Ages of Forex Peace Army As the website grew, he decided to do something bigger with it, plus the domain name was a little too amateurish.
Forex Peace Army Today Many companies still commit frauds like this now, but the percentage of them is much smaller than it was back in The Future of Forex Peace Army The FPA is constantly striving to improve.
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