Please, look at this post : http://www.forex-tsd.com/commercial-...tml#post179274

They will all do this.Only way to ensure enforcement is to use registered regulated broker dealer using exchange traded products.FX is unregulated and off exchange over the counter they can do whatever they like.For example Dow Jones is manipulated only by hedge funds with large money moving the market.The trading itself is never manipulated.Because they would be put in jail.

__________________
No

I doubt it - Bloomberg did an expose on short-selling scams that were (are) being perpetrated by hedge funds a year or so ago (which itself, was a sensation of sorts, seeing as Bloomberg almost always protrays everything "sunny-side up") - and even though there was undeniable evidence of massive fraud, the SEC never lifted a finger...

There's a video about it on Youtube somewhere...

yes. where there is money - especially big money - there is fraud.

From: aleccoh, aleccoh HQ
Rating: No Rating
Date of Post: 2008-02-13
Review: To all of you who are trying to contact aleccohfx support by many means I say :

If you read my previous posts and the posts on a different forum (Forex-Tsd) , you would have seen that we are Unavailable and are not taking any new accounts because of the fact that we are changing servers, upgrading feeds and all of our personnel is assigned to these tasks.

The back office is handled by the Swiss office only for Live account holders to be contacted at Roger@aleccohfx.com

Thank you for your patience

We will be back accepting new accounts and new managed accounts shortly once our Job of upgrading our services is done.

aleccoh

Here is a transcript from the my trading room re one of the traders i have trained who has an account with alecoh fx.


09:28:34 AM { } I have an account with aleccohfx
09:28:53 AM { } mini account with them
09:29:26 AM { } when I deposited more money, they changed my account to standard account without any notification
09:29:44 AM { } that's a pain
09:30:46 AM { } I accepted that. Yesterday I took 3 long positions on gbpjpy totalling 2 standard lots
09:31:31 AM { } winners?
09:32:08 AM { } I closed all three positions with +275pips
09:32:45 AM { } they changed my account back to minlot, again without any notification
09:33:01 AM { } hehe, w****s
09:33:32 AM { } So I only got $187 instead of 10 times that
09:33:44 AM } i just realised that, sorry, not funny at all
09:34:06 AM { } dirty trick
09:34:35 AM { } 275 pips well done tho
09:35:07 AM { } I tried to email support, contact by Skype, Yahoo but received no answers
09:35:33 AM { } v bad
09:36:09 AM { } Also also rang their office but could only talked to the receptionist & all she could say was she'll pass it on



SHAME ON YOU MR ALECOHFX


i am advising all my clients that have accounts with your firm to close thier accounts.

Enough is enough i think people are done with your constant excuses.



bubble

Hi

This rating company looks dodgy ,bery iffy when some known dodgy companies are at top of list .

Looks like a pumping and dumping scam promoter site

Best Online Forex Brokers, the Internet's Most Comprehensive List of Forex Brokers and Forex Broker Reviews, Rankings, Ratings, Comparisons and Information

Any 2 bit monkey with $20 can set up a rating site as an independent reviewer

OILFXPRO

Good Morning

What is happening is very simply "NEW Swiss regulations"

Since the 2nd of January 2008, aleccohfx.SA has been regulated under OARG and a mail has been sent to all clients asking them to send their papers Notorized by mail and NOT email.
All clients received this mail that was sent from aleccohfx customer desk : customercare@aleccohfx.com and i made sure to forward it to everyone twice .
This is the mail in question :

Dear Customers,

We are pleased to let you know that a new Swiss Regulation has come into force as from the 1st January 2008 characterized by transparency and flexibility, as well as full support to our Customers, in depositing and withdrawing funds

We need to adjust to the requirements of this law, as our company is regulated and supervised by OAR-G, fully compliant with the Swiss Anti Money Laundering Control Authority and other Swiss Laws. Therefore, we kindly ask you to approve by signing and to return to our Compliance Department, by mail or courier, the attachment hereto enclosed, along with the following documents:

1. original notary public certified copy of your passport or national ID, showing its validity,
2. copy of a recent bill.

Please make sure to send us these original documents at your earliest convenience, otherwise we will be sorry to close your account in the 14 coming days and to return your funds.
We thank you for your co-operation and are looking forward to receiving your documents.

For further information, please contact our Geneva Office, Mr. Roger Ghousson, Tel Nr +41 22 908 54 54 or email : roger@aleccohfx.com

Kind regards,

I am not in charge anymore of aleccohfx.SA because of the fact that the Swiss new regulations forbid me to be in charge or any of my team since we are traders and that it is forbidden to be traders and brokers.
Please send all notarized papers as asked in order to resolve all your problems (funding, withdrawals, Errors in trades etc...), your funds are held in aleccohfx.SA and the administrator is Mr. Roger Ghossoun as he stated in the mail he sent all of our customers.

__________________
Good Day

aleccoh

Unbelievable !! That's all I can say. Well we'll see if Roger will close my account. Being unavailable, Mr Aleccoh, does not mean doing the dirty on live customers accounts and trying to push it off by expecting us to be patient. If you were unable to provide an adequate trading service in the meantime, and circumstances were changing in your ownership, an honest man running a professional company who cared for his clients would have emailed them all and asked them to hold off trading for a few days because of problems. He would certainly not mess with their accounts without communicating and he would have certainly provided the contact email for actioning problems by direct email, or at least on the website, not put it on some forum expecting clients to find it randomly.

The measure of any business professional is how they handle issues when things go wrong. You have demonstrated that admirably in this fiasco and all that speaks for itself. Strikes me you just say what you think people want to hear - the reality is very different. And now you just wash your hands of existing customers problems. Thank you.

Anyone thinking of opening a "new" account would be wise to do their due diligence and seriously consider whether this could happen to them in the future. Why take the risk?

Several of these review sites (incl. forexbastards, forexpeacearmy) have been shown to filter negative reviews where they have a vested interest, so are worthless. They also attract the paid pumpers - as does this thread, imo...

So despite all the rhetoric, Aleccohfx has singularily failed completely in delivering ANY of the promised services so far. Their feed, execution, managed accounts and customer support, all have been abysmal - and this is coming from an actual Aleccohfx customer, not someone just voicing another unqualified opinion...