I know this will not help many who get blineded by the dream to profit big in forex for the first time, but novice traders, please read this so you don't get into the corner I found myself in, losing most of my money because this bastrad of all bastards who you call Felix, and i call demitri or the real brain behind all this scam, a guy called Bruce Hoffman from Texas(convicted for many fraud crimes and spent time in jail).
This little punch of people doing what at least can be described as organized crime, inlcuding many other identities like Rob, Grespi, Rick, Ghafour, Rasheid, Omar, and many more masks....all fake
They promote their signal service, fooling novice forex traders to count on them in trading the news. they have caused hundreds of people to lose big money. they even dare to promise you if you lose that they can blackmail the broker to get you your money back.
They have done that several times and we have seen traders burned by their flames, and they try to flame brokers too, some times succeed and others not. Google for felix combined with Oanda, interbankFX, FXCM, Forex.com, and any broker of your choice, you will see their scams, a replica used with tens of brokers over the past 3 years, and the victims, hundreds of traders who get broke.

See what I found about those bunch of crooks on the web, and don't ask me, I have been also burned by these theives.
The email sent by Felix the bastard:
"Hi there
One of my full time forex trading buddies just had a serious problem happen. He had an account with Forex | Forex Broker | Currency Trading | Forex Trading with $620,000 of real money in it. They went through some "technical difficulties", executed a bunch of trades that he didn't execute, margin called him, e.t.c. Long story short, lost him $280,000 in a matter of days, because of "technical difficulties".
Then he spoke to the CEO of the company, who shook his hand, admitted that these were indeed technical difficulties, and he would take care of him.
Now, they are dropping the ball on him, saying that he is a beginner trader, and it was all his fault...I mean these guys opened some trades while this guy was out of town!
Having this website, I get a bunch of different complaining emails from people, and obviously I usually don't email about people's problems to you. But in all honesty, I know this guy very well personally, I've seen his account statements, and I know he is not bull****ting me. I mean this guy was making hundreds of thousands in forex, while I was still in high school, and didn't even know what the word forex meant. And by the way, it's not Tom or Rob...it's somebody else.
Here is the real reason why I am emailing you. This guy has a lawsuit going against Interbank FX right now, he already has a federal attorney involved, and he is trying to shut these suckers down, in addition to getting some of his money back.
if you had an account with Interbank FX, and you also feel you got "screwed" by them, then perhaps you could add yourself to the lawsuit, and recover some of your losses, and put an extra complaint against them to get them shut down.
If you want to get involved in this or have some other helpful information for my friend, please don't respond to this email, instead send an email with your story to interbankfxfraud@forexbastards.com

To Our Success!

-Felix Homogratus"
Posted by GreenField (Member # 2533) on June 20, 2006 02:45 PMJune 20, 2006 02:45 PM:
So now we hear from both sides, let us think about it, make good
judgement, and do further research if we have to.
Know the truth and the truth will set you free.
Here is the email I got from Interbankfx:
Hello Mr. Chang,
I appreciate your comments and we have to say that we are saddened by
the potential impact that lies and rumors can cause. To help you help
us to combat these types of deceptions, we are providing you
additional details which you can distribute. They are a summary of a 6
page response letter which was sent to Cashmonsterz clients.

Warm regards,

Javier H. Paz

Institutional Sales Director
A reckless and unprincipled trader named Carlos Roman, of
Cashmonsterz, has apparently asked his buddy Dmitri (Felix) of
Forex Trading System with Forex Signals and Broker Reviews to defame Interbank FX. Carlos turned $370,000 into
a $100,000 master account in a matter of days. His approach to trading
was to max out the available margin of the master, to close the
positive side of trades and let the open losses ride with the hope
that the market would turn around. In sideways markets this approach
might work many times, but on May 11 and 12 the British pound trended
on a big way and touched 1.9000, forcing him to place a hedge 600 pips
wide! After that point, the sub-accounts were on intensive care. He
called multiple times asking us to cancel the trades with the promise
of bringing more clients to us. We told him we couldn't do this for
him. To complicate matters further, he changed Pamm settings an
average of once a day and kept on trading aggressively taking many
accounts to a margin call situation. The more he changed the Pamm
settings, the more difficult it was to perfectly hedge open positions.
Throughout this period, Interbank FX tried all within its power to
make sure that subaccounts were hedged, but things evolved to a point
were several subaccounts could no longer be hedged because they had
fallen below the 100% margin level.
Posted by stevegee58 (Member # 4086) on June 20, 2006 03:01 PMJune 20, 2006 03:01 PM


My god. If I'd been pushing trades with my *own* money to the max like that I'd be sh1tting my pants. If it was other people's money, I'd jump out a freaking window if I wasn't dead from a coronary already.
Posted by FisherKing (Member # 3924) on June 20, 2006 03:05 PMJune 20, 2006 03:05 PM:
I'm going to have to believe Intebankfx on this one.
Posted by Piprider (Member # 4331) on June 20, 2006 03:24 PMJune 20, 2006 03:24 PM:
I will believe interbank fx too. It looks like Mr. D u m b A s s was good enough to attract money from clients - good enough to feel it is a marketable enough skill to offer it in trade for having his dealer take the losses of the positions he accumulated but with money management skills equivalent to those of Danielgsx. Then, he tries to mitigate the damage by trying to play on the public opinion's general distrust of market makers. He should have partnered up with someone who can really trade and relegated himself solely to the solicitation of funds from clients. Instead, he took everyone to the crapper at lightspeed.
Posted by OrlandoFlyBoy (Member # 3974) on June 21, 2006 10:20 AMJune 21, 2006 10:20 AM:

Well, I don't get it. It appears that they are talking about two different things, but making it sound like the same thing.

Was this a platform error that executed trades by itself, a newbee trader that traded badly, a managed account where the "manager" traded badly (without the account holder's permission, or against the wishes of how the account would be traded), or Interbank FX hedging that went haywire?

Someone make it clear exactly what happened, in order, so that it is clear what the complaint is
Posted by mobbbb (Member # 7422) on June 21, 2006 10:25 AMJune 21, 2006 10:25 AM:

Maybe a gohst entered the trades and then vanished while the asset manager was gone ?
posted by PIPCANADA26 (Member # 9133) on July 12, 2006 06:28 AMJuly 12, 2006 06:28 AM:

I went to a conference provided by Interbank here in Canada and by the way some people mention this topic and the representative from InterbankFX did say The CEO Crosland was going to reimburse Cashmonsters Investors For this failures.

I wonder the same why Interbank doesn't just sue Cashmonsters? legally who can prove the truth will win but by the way, then if Cashmonsters is right then they could squiz the big bucks from Interbank for defamation if they have a failure that causes those losses and more than that for revaling the traders name.

Was a bit impossible for me to believe that a serious company can have such failure in their software but when I saw this letter from this executive Paz I understood must be right, when you don't have nothing to excuse you just have to be quiet, why then give explanations? When people asked what this PAMM in question is they explained works for Percentage Allocation Money Manager is used for professional traders who manage several accounts you can set to distribute by percentage or by lots, usually they said you set it once and never again. Paz mention in his post Cashmonsters Trader Changed the Pamm every day. I want to believe that but I can't. Reason Simply. when another assistant to this seminar asked why a trader would want to change every day the pamm settings he just said. "I don't know" again, I'm a lawyer and that for me indicates a lie.