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Search: Posts Made By: jgombos
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Forum: Europe
May 21st 2009, 6:28 am
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

Simply saying that you stand by what you say is worthless. You posted 3 red herrings, and you were called on it. Simply "standing by" your red herring fallacy without bringing anything of substance...
Forum: Europe
May 19th 2009, 8:55 pm
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

Thanks, I'll check it out.

I did look into HiFX, and discovered that each transaction involves negotiating an exchange rate over the phone. My speculation is that the brokerages cost in man...
Forum: Europe
May 19th 2009, 8:53 pm
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

Of course I have - but unless you can be specific about what you're not understanding, you can't expect folks to help you with whatever concept you're struggling with.

From this statement and...
Forum: Europe
May 18th 2009, 4:07 pm
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

If you must look at the world from the viewpoint of a fanboy, anti-this, pro-that, based on emotion without any kind thoughtful analysis, you need to at least correct your statement to say:...
Forum: Europe
May 15th 2009, 5:39 am
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

There are credit cards and ATM cards that don't markup the interbank rate ( http://flyerguide.com/wiki/index.php/Credit/Debit/ATM_Cards_and_Foreign_Exchange ), and some of them don't have a...
Forum: Europe
May 8th 2009, 8:03 am
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

I've started a wiki in attempt to essentially answer your question:

http://money.wikia.com/wiki/Moving_Money

The problem is that there is no transparency in forex markets. There are...
Forum: Europe
May 6th 2009, 7:18 pm
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

RationalFX may indeed be a good deal. But I don't like all the marketing BS on their site, which hinders my ability to see the bottom line. You're saying the transfer fee is £10, and the site says...
Forum: Europe
May 6th 2009, 3:25 pm
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

That doesn't make much sense. Wire fees execute immediately, before you have a chance to place an order for a trade. When you fund your account, how could your broker know in advance whether you...
Forum: Europe
May 2nd 2009, 2:10 pm
Replies: 51
Views: 23,184
Posted By jgombos

Re: A lot of forex brokers run a wire transfer scam

I've documented the scam here ( http://money.wikia.com/wiki/Legal_scam:_Wire_Siphoning ).. coined the term wire siphoning. Hopefully this will increase public awareness.
Forum: Europe
Apr 23rd 2009, 7:15 pm
Replies: 51
Views: 23,184
Posted By jgombos

A lot of forex brokers run a wire transfer scam

Most forex brokers will claim wire transfers are free, but they'll make an arrangement with their bank where the bank grabs money as it funds or leaves the forex account. Customers don't know...
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