Boston Trading and Research Forex Broker
Boston Trading and Research is a very new Forex broker which site was opened just this year. They offer reasonable trading conditions including MetaTrader 4 platform, PayPal account funding and $500 minimum account size. BTRFX also seems a reliable company, but their quite enigmatic website may turn off some traders. Boston Trading and Research is not registered with NFA, but some interested traders already made an electronic petition for BTRFX to join NFA as soon as possible:
...We therefore petition BTRFX of Boston ie (http://www.btrfx.com/contact.php and sales@btrfx.com) to do the right thing and apply for registration with the NFA! And if and when they do so, then and only then will we, the undersigned, will happily arrange to set up and open our Managed Forex Accounts with Boston Trading and Research, LLC in Boston, MA with their phenomenal forex trader!Overall, it's good broker for MT4 traders interested in PayPal deposit/withdraw option.
Labels: btrfx, forex brokers, paypal
posted by enivid at 8:36 PM
2 Comments:
WARNNING: this's scam company
This company offers a managed fund:
www.btrfx.com
They dont have any names on the website but i can tell you now its run by Craig Karlis.
If that name rings a bell its because he used to run Tradex Swiss AG, who were banned from the NFA after they lost $5million of client money while being investigated for practising unlicensed.
This is the link to a brochure on an arabic website which shows that boston tradex and Tradex Swiss are the same company with a new name:
http://btrfxarabia.com/BTR_BROCHURE.pdf
This is a link to one of the old tradex websites:
http://www.tradexindo.com/aboutus.htm
If you compare the names on the BTR brochure with those on the Swiss Tradex site you will see the connection between the 2 companies. Now contrast this connection with a statement made by Mr. Karlis in a press release:
"there are absolutely no direct or indirect relationship between Tradex Swiss AG and Boston Trading and Research LLC." - 29 August 2007. (Craig Karlis)
I'm sorry but it actually angers me that these people are deceiving people to stay in business. Someone I know is an IB for them and when he advertises their services he completely omits the fact that BTR used to be Tradex. The worst part is no one is aware of this connection and as a result, BTR has managed to raise a large amount of capital, currently in their fund, without even being NFA approved. They claim to be getting NFA approved sometime soon, but I don't see that happening legitimately.
So be warned.
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