What is Forex Peace Army? What benefits does FPA bring to traders?

What is Forex Peace Army? As a Forex trader, this is an important term that can be very helpful. Forex Peace Army, abbreviated as FPA, is the official name of the website forexpeacearmy.com. This web system specializes in providing reviews and evaluations of global Forex brokers. Therefore, when traders want to research a Forex broker, they will need FPA. Additionally, they offer many other services for traders. Let’s explore Forex Peace Army right now!

The Origin and Development of Forex Peace Army

As previously introduced, Forex Peace Army (FPA) is the website forexpeacearmy.com, specializing in providing objective reviews of Forex brokers.

Forex Peace Army was originally known as Free-Forex-Trading-System.com. It was founded in 2005 by Dmitri Chavkerov. Initially, Chavkerov created this system to share the experiences he had accumulated while working with Forex businesses. For each company, he provided reviews and assigned ratings from 1 to 5 stars. This helped his followers gain valuable insights.

By late 2006, the website had gained significant attention from traders. At this point, Dmitri Chavkerov took the step of purchasing the domain ForexBastards.com to enhance his platform. He then migrated all the content from the old site to the new one. The reason he chose the name ForexBastards.com was that, at the time, many brokers operated freely, leading to scams that deceived traders out of their money.

Beyond sharing his own opinions and experiences on Forex brokers, the new website also allowed users to write their own reviews and rate brokers based on their personal experiences.

In November 2007, Dmitri Chavkerov rebranded the website with the new domain forexpeacearmy.com, which has been in use ever since. Today, Forex Peace Army features reviews and evaluations for over 3,500 financial trading websites, including Forex platforms, worldwide. Additionally, FPA provides insights on Forex Signals, introduces trading knowledge, and offers technical analysis and strategies through books and blogs. Since its inception, the website has amassed an extensive collection of financial trading resources.

What Can You Find on Forex Peace Army?

Next, let’s explore in detail what Forex Peace Army offers to traders. After this section, you will have a clear understanding of the valuable information available on this platform.

Reviews

In the Reviews section, users can find various evaluations, including: All Reviews (All reviews), Forex Brokers (Evaluations of Forex trading platforms), Trading Software (Reviews of trading platform providers), Forex Signals (Assessments of signal providers for trading strategies), Forex Training (Reviews of trading education systems), Forex Scam (Reports on fraudulent Forex brokers), Traders can rest assured that all the information provided by FPA is reliable.

Forex Brokers

With this category, when a trader enters the name of a trading platform in the “Search by name” box or selects from the suggested brokers below, the system will display reviews of Forex Brokers. Additionally, you can also find reviews on Crypto exchanges and Binary options platforms by selecting the relevant options under the “Category” or “Tags” section.

With Forex Peace Army, a professional broker is evaluated based on the following criteria:

• The company must be licensed by top-tier regulatory authorities.
• The platform’s popularity.
• Trading regulations.
• Trading system and platform quality.
• Promotional programs.
• Free services, such as educational resources and trading strategies.

Similarly, for other types of exchanges beyond Forex, traders can still access reviews based on the same evaluation criteria.

Scam

In the Scam section, users can share their experiences and opinions on fraudulent activities in Forex, such as: Unreliable brokers, Unclear or deceptive services, Suspicious trading signals, Fraudulent Forex trainers scamming clients, Low-quality websites….This section provides information about both reputable and untrustworthy brokers. Additionally, users can raise any concerns about potential Forex scams. Everyone has the right to discuss and find their own solutions.

Blog

The Blog section provides a comprehensive collection of articles related to Forex and global financial markets. The articles are categorized into four main types:

• Forex Articles (Articles about Forex)
• Crypto Articles (Articles about cryptocurrencies)
• Sive Morten Blog (Written by analyst Sive Morten, a European banking analyst, author of the FPA Forex course, and co-author of the FPA Shoulders of Giants program, which shares insights on Forex, cryptocurrency, and precious metals markets).
• Pharaoh’s Blog (Articles by Pharaoh – one of the first registered users on FPA. This section contains his experiences in Forex trading, trading strategies, and guides on filing complaints against scammers). The first two categories mainly feature content from professional analysts and experienced traders, making them a valuable resource for traders looking to gain insights into the broader market.

Forex Articles

With Forex Articles, users can access a wealth of information related to Forex trading. If you are looking for specific content, simply enter keywords into the “Search” box to find relevant topics. Then, select the “Articles” section to browse through the posts and click on the article you want to read.

For other topics, follow the same steps as above to get the results you want.

Books

With “Books”, users step into a miniature Forex market. At Forex Peace Army, there are five books covering financial trading and Forex. The best part is that users can read all the content without any restrictions. Traders can learn Forex trading for free through FPA’s books without having to purchase them elsewhere.

Specifically, the 5 books available are:

Forex Military School by Sive Morten

This book serves as a complete trading course, covering everything from basic to advanced Forex trading knowledge. By the time you finish reading, you can become a proficient trader. Below is an illustrated table of contents, organized in a detailed and accessible manner, so you can easily navigate without having to read from the beginning.

Forex Hacking by Jakob Dupont Knudsen

This book compiles all the author’s trading experiences. By reading it, traders can learn to minimize risks in their trading journey.

From Dairy Farmer to Forex Trader by Andrew Mitchem

As the title suggests, the author started as a farmer and later became a professional trader. In this book, he shares his experiences and strategies that helped him succeed in Forex trading.

5 Forex scams used in EAs, Indicators, and Signals by Rimantas Petrauskas

The author lists five common Forex scams, including: MT4 Indicator scams, Forex scam signals, Backtest result scams, Myfxbook account scams, Expert Advisor (EA) scams

All you need to know about Bitcoin, Blockchain, and Cryptocurrency by Sive Morten

As the name suggests, this book provides insights into cryptocurrency, Bitcoin, and Blockchain technology.

Analysis

This category provides daily and weekly technical analysis on various investment channels. These analyses are conducted by Sive Morten and Andrew Mitchem, both professional analysts at Forex Peace Army. Additionally, this section is regularly updated with new trading signals to support traders in their trading process.

Forums

Here, users can share their experiences, trading journey, and everything related to Forex or Crypto. Additionally, if you have any questions, you can ask, and Forex Peace Army will provide answers. Most of the questions in this section come from new traders entering these markets.

Strategies

Forex Peace Army acts as a broker between strategy providers and traders. These automated trading strategy providers include Expert Advisors (EAs) for MetaTrader, Forex Signals, and Managed Accounts. FPA allows them to advertise and introduce their products or services to traders using the FPA platform. More importantly, all strategies, signals, and accounts are verified by Forex Peace Army before they are approved for publication on the website.

Each EA, trading signal, or managed account is strictly monitored. Their history, profit/loss data, and performance records are documented. This information is highly valuable for traders, allowing them to make informed decisions when purchasing EAs, signals, or managed accounts.

Tools

In the Tools section, users can access free trading tools, including:

• Economic calendar
• Live exchange rates for currency pairs and a currency converter
• Real-time price charts
• Currency strength measurement tool
• Calculators for margin, stop loss, take profit, risk, swap, and pip value

How to View Forex Broker Reviews on Forex Peace Army?

As mentioned earlier, the most popular and essential section of FPA is the Forex Broker reviews. Why is this content so well-developed and superior to other platforms? Reviews and evaluations are detailed and well-founded. Many reviews come from professional traders and industry experts, increasing FPA’s credibility.

To see these reviews, you access the FPA homepage, then enter the name of the exchange you want in the “Search your broker name” box or go to the “Reviews” menu and select Forex exchanges. Specific illustration below:

For the next steps, you can return to the reviews section above to review.

We will take the example of IC Markets Broker review on Forex Peace Army.

Detailed Explanation of Terms in the Image

• Minimum Trade Size – The smallest trading volume
• Established – Year of establishment
• Contact – Address and contact methods
• Regulators – Licensing authorities. Users pay special attention to this section because licenses are crucial in determining whether a broker is safe, reputable, and reliable for traders. Some top-tier regulatory bodies include FCA, ASIC, CySEC, CFTC, FINMA. If a broker holds these licenses, you can trust them.
• Prohibited Countries – Countries restricted from participating
• Maximum Leverage – The highest leverage available
• Trading Platforms – Trading platforms provided by the broker for traders
• Web Trading – Online trading system via web browsers
• Mobile Trading – Availability of trading via smartphone apps
• Currencies – Number of currency pairs available for trading
• Cryptocurrencies – Number of cryptocurrencies available for trading
• CFDs – Number and types of instruments tradable under Contracts for Difference (CFDs)
• Minimum to Open Live – Minimum deposit required to open a live account
• EAs/Robots – Whether traders can use Expert Advisors (EAs) or trading robots
• News Spike Trading – Trading based on rapid price spikes due to news events
• Scalping – Whether traders can engage in short-term trading strategies (scalping)
• MAM/PAMM – Managed account software for investment management
• ZuluTrade – A copy trading system that allows users to replicate trades from top traders
• Deposit Methods – Methods available for depositing funds into an account
• Withdraw Methods – Methods available for withdrawing funds

You can rely on these objective reviews on Forex Peace Army (FPA) to make the best decision for yourself.

For a reputable broker like IC Markets, most reviews are positive, with 5-star ratings. However, there are still some negative reviews or scam allegations. The key difference is that IC Markets handles these issues professionally, responding to trader reviews and proposing solutions instead of avoiding them like many other brokers.

As shown in the image, IC Markets has long been a well-known and trusted broker among many traders. That’s why the majority of reviews are positive, with high ratings. However, like any Forex broker, IC Markets is not without its drawbacks. There have been scam accusations and negative reviews. The important thing is how IC Markets effectively addresses these concerns, providing prompt resolutions and ensuring trader satisfaction. This is what sets IC Markets apart from other brokers – they acknowledge issues and resolve them transparently instead of ignoring them.

Although Forex Peace Army (FPA) has been around for a long time, it continues to be highly regarded today. Thanks to this platform, traders can gain valuable free knowledge about Forex and Crypto trading. Additionally, they can avoid scams and minimize risks by relying on expert reviews and feedback from other users on FPA. Through today’s article, “What is Forex Peace Army?” by Trader Forex, we hope you will always succeed on your own trading journey. Happy trading!