In 2016 alone over 250,000 traders read over 18,500 forex broker reviews from our database and added almost 2,500 new ones. Combined with our investigations, traders court activity, and early scam alert warnings we are aware of many forex brokers that are likely to be stealing traders money right now.
Forex Peace Army, is one of the better known FX trading sites and forums, with the site appearing at the top of Google search for a huge number of different Forex related keywords. The website is particularly well-known for the tough stance it takes on Forex brokerages, with the websites forum running a traders court where air their grievances regarding brokerages/FX service providers. The forum moderators then invite representatives from the companies to state their case or take measures to deal with the customer compliant. Should representatives from the brokerage being unable to resolve a customers compliant/issue, the issue is passed onto another sub-forum where other forum members can vote on whether the company was in the wrong. Once a company has been ‘found guilty’ three times by the sites traders court the brokerage is labelled as a scam company on the Forex Peace Army website.
The site boasts also a number of other forums covering different aspects Forex trading, as well educational resources for those who are new to FX trading. Their is also a section of the forum dedicated to the testing of EA’s and Managed FX accounts, which is meant to give traders the chance to properly evaluate EA’s and FX managers before parting with their cash. These comprehensive coverage of the FX industry from a retail traders point of view has lead to Forex Peace Army becoming one of the better known FX websites.
