COESFX SCAM CASE

My personal experience mirrors some of those below. I found the broker to be rude. They did not seem to have an interest in one who they perceived as a "small" trader. Nor were they interested in providing help and useful information.

After opening a demo account with them I was plagued with many abnormal actions which if had happened with a live account would have resulted in major losses.

In complaining to the head of the company about the irregularities he was also rude and as much as told me that he did not want my business. This company appears to be rude and dishonest from the top down.

I personally believe that despite the claim that it is a Non-dealing desk company that in reality it does deal and trade against it's own clients.

COESFX SCAM CASE

I was fool enough to open a mini account with SpotFX/CoesFX (luckily only 250). I wanted to try them out. And i'am very disappointed.

In their account opening agreement is clearly said, that there is no commission charge on mini account. But their system charged a commission with every trade! I sent many emails, asking about that. They never responded!

And they definitely use a trading desk! Lieing crooks! They use a system of keeping a spread occasionally very wide, at quiet market hours.

Very high spikes! It does not reflect a ECN market! Their only aim is to steal clients money! I hope they will be taken permanently out of business!