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We can not fold our hands and see this scammers go Scot free. Sigmaforex is worst than scam, feeding their wallet with traders money. After much complain from our clients we decide to check the website on search engine. But after loading the page, we could not see anything, and this is a Top secret among scam brokers. They always avoid review to prevent anyone implicating them. WARNING sigmaforex is a fraudulent group of people operating with fake data, false identity and license. We advice that you broadcast this information tell your fellow traders know this scam.
Sigmaforex have been claiming to be registered and regulated. It’s capital lie we just noticed that sigmaforex is not a company incorporated within the jurisdiction of the Isle of Man. They are not registered as a foreign company having established a place of business on the Isle of Man. It is not registered as a business name on the Isle of Man.
They are not licensed by the Isle of Man Financial Supervision Commission to undertake any regulated activities in, on or from the Isle of Man. They have been doing all this’ to cover up and as well get traders.
PROBLEMS ASSOCIATED WITH SIGMAFORRX
2010-01-21: SigmaForex has cut off contact and is not returning money owed to a trader. Because of this and other issues, the FPA has confirmed a scam finding against this broker. We recommend against opening or funding accounts with this broker. And please if they are still holding your money please contact mychargback for special assistant.
ACCOUNT TYPES OFFERED BY SIGMAFOREX
Even though the official website can not be reached, the recovered website provided by the Wayback Machine archives shows the forex broker touting their two types of forex trading accounts as follows:
Standard Dealing Desk Account – which can be opened with $500 minimum deposit, and
No Dealing Desk Account – where a $2,000 minimum deposit is required.
Furthermore, both account types offer leverage ratios ranging from 1:1 to 1:500, as well as the ability to trade Standard, Mini or Micro lot sizes from the same account.
With the No Dealing Desk account option, the broker’s website claimed that you could either direct your orders to the dealing desk or send them directly into the market with the no dealing desk feature.
The broker apparently also did not charge commissions, rollover swaps or any other kind of fee, and permitted accounts to be set up in USD, EUR, GBP, AUD and CHF. This must have added substantially to their attractiveness to potential clients, perhaps getting them to overlook other flaws with the broker.
We are very sorry to the victim of sigmaforex scam and we advise that chose from our recommended forex brokers and if your money is still with sigmaforex please go here