“Forex market is extremely attractive to the investors and retail traders. For this reason it also attracts some peoples whose goal is not to make money by serving, but to make money by fraudulent activities. So, we need a platform to separate the good guys from these frauds”.
This is what Mr. Sanjay was thinking since the beginning of his trading journey at 2006. As his experience grew, he notices so many deceptive activities by forex brokers, signal providers and money managers.
Most forex brokers were not regulated at that time. Many brokers committed all kinds of fraud against forex traders to take their money away. That is not all! A large percentage of forex signals websites and money managers were using deceptive advertising. These sites would promise something attractive, giving commitment of refunding. But when clients find that the product is not what they said, the get no refund not even a reply to their mails!
Watching people losing money like this, Mr. Sanjay felt the urge to establish an organization who will stand against all frauds. He formed a team of experts who will work for the betterment of the traders and expose those brokers and forex related service providers who are making money by cheating other peoples.
In the beginning of the 2015, the team decided to start a website where general people can complain against any fraudulent activities done by the forex firms. But, our duty is not only catch the forex scammers, but also separate the trusted buddies. So, we designed the site in a way that people will get chance to know what problems are traders facing with different forex related sites and which sites are providing services in an honest manner.
That’s what forex complain stands for! The truth will be told here!