Forex Sigma Review
Forex Sigma is a relatively new MT4 broker offering very low 1 pip spreads on 12 different pairs. Please be WARNED however, that its reputation among traders is fairly poor, with some calling Forex Sigma an outright scam. There are several reports cirulating around the internet about traders not being able to withdraw their profits, and even being denied withdrawals of their original deposits. Our traders opened a small account and traded with Forex Sigma for about a month until these scam reports started to surface. We had some problems making the withdrawal ourselves, but after more than a month the funds were finally withdrawn.
Please be aware that the order execution was also very poor. Forex Sigma is supposedly based in Switzerland, but the address given on their website is a virtual office, and their domain name is protected for privacy. Combined with the scam reports which abound, as well as the fact that Forex Sigma is not regulated (despite misleading information on their website claiming otherwise), we feel it would be irresponsible for us to recommend making a deposit with this broker as it is clearly involved in some shady practices.
NOTE: It appears that after shutting down Forex Sigma, the same people are now operating Forex Sigma
