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 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

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rachel9966
post Jan 3 2017, 10:56 PM

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QUOTE(DrFX @ Jan 3 2017, 10:25 PM)
Rachel,

No hard feeling, but i think you're too young and naive to justify a scam. You will learn.
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DrFx... why do you like to call forumers here young and new? i oso a forex trader... making 5 figures a mth... ringgit la.. laugh.gif
cmk96
post Jan 3 2017, 10:59 PM

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QUOTE(DrFX @ Jan 3 2017, 10:11 PM)
Thanks for your suggestion. No point to have another high risk brokers list as IGOFX will end up as a scam broker. Just the matter time it will stop paying, same happened to all those listed on the scam brokers list. We are here to warn investors about the scam activities. There is no MAY BE in counter scams. Usually these scams will end with stop paying or loss all accounts through fake trades.

We are not interested to run as a FX broker. As for which broker we ddid set up for, clients info are strictly confidential. Thank you.
*
Client info are highly confidential...ok.

How about your company info? is that confidential too?

PM me those info... maybe your contact is useful in the future.
TSDrFX
post Jan 3 2017, 11:02 PM

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QUOTE(rachel9966 @ Jan 3 2017, 12:31 PM)
to xpmm,

your post is just showing how little you know about forex.

the words you use also disgraceful as this is not kopitiam.

if you want to argue, show that you are an experienced trader.

cmk96 asked DrFX who being scammed by Igofx... but no answer so far.

everything is just assumptions.

1: Unreal trading results - There is no real trading behind which those trades are suppose to process on a liquidity provider/banks. In short, they are showing investors impressive fake trading results. MT4 is a front end platform which the trades are editable from date to price. Without proper regulation, you know what they are capable of. (cmk96 said he trade manual, he not saying thos PAMM Vladislav result)

2: Holding a Vanuatu license - Recently this license has been a very popular tool for scammers due to low requirements. You can get it within USD10k and approval within a month. So basically anyone can get a Vanuatu license. And there is no protection for investors or traders. (no protection doesn't make it a scam right away)

3: Additional to 1, we have checked and confirmed their trades are not real time which similar to what TriumpFX has done. If you need evidence, then we suggest you to do it yourself. (Drfx still refers to those PAMM Vladislav result, not individual private traders like CMK96)

4: Get the traders/managers to trade with a top tier regulated brokers, any brokers will be fine. They will give you plenty of funny excuses like "We don't trade with other broker", "We don't want to let other brokers know our trading secret.", etc. (cmk96 is not fund manager)

5: Ask yourself, what make you think it is real? The license? The MT4 platform? (not relevant, cmk96 can withdraw)
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Let us get straight into point.

YOU ARE RIGHT, NO ONE BEING SCAMMED NOW, but DOESNT MEAN IT IS NOT A SCAM. NOT YET. COULD BE THIS YEAR OR NEXT. ONCE THE SCAMMER DECIDED TO PULL THE PLUG, THAT'S IT. We will not wait until they stop paying, then only announce it is a scam. By the time it stop paying, it is too late, many innocent investors have loss their money to the scammers.

You can think it is based on assumptions but we judged base on facts and data. Please leave your testimonial once IGOFX stop paying later this year. If you can't take it, we are completely fine. We have nothing to lose, remember! We are not being PAY by those genuine FX brokers for doing this.

3 years ago MAXIM paying well and agents selling as guaranteed returns, what happened last year?
2 years ago FX United giving high profits returns, what happened now?
We heard JJPTR stop paying recently. Can someone confirm? It's sooner than expected. Let see when is going to be IGOFX turn.




TSDrFX
post Jan 3 2017, 11:04 PM

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QUOTE(rachel9966 @ Jan 3 2017, 10:56 PM)
DrFx... why do you like to call forumers here young and new? i oso a forex trader... making 5 figures a mth... ringgit la..  laugh.gif
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We don't call but many forumers can read your posts. That's the feel you presented yourself.
That's good, we hope it's not the money from introducing investors to IGOFX.
TSDrFX
post Jan 3 2017, 11:08 PM

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QUOTE(cmk96 @ Jan 3 2017, 10:59 PM)
Client info are highly confidential...ok.

How about your company info? is that confidential too?

PM me those info... maybe your contact is useful in the future.
*
We do not reveal our identity just like majority of the forumers. We expect many attacks and hates from scammers. We always stay neutral in counter scams and we are not here for business but to share our knowledge and experiences in order to benefit new investors/traders.

We are sorry if our posts does not benefit you.
rachel9966
post Jan 3 2017, 11:09 PM

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QUOTE(DrFX @ Jan 3 2017, 11:04 PM)
We don't call but many forumers can read your posts. That's the feel you presented yourself.
That's good, we hope it's not the money from introducing investors to IGOFX.
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Feeling is subjective... some forumers hv been around more than 5 years... some less than 5 mths... that's the fact i can see on your avatar.

You claimed you been around forex industry for 10 yrs... setting up brokers... sound great... but you never reveal your company or client info.

Seems like you are not a trader after all.


TSDrFX
post Jan 3 2017, 11:17 PM

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QUOTE(rachel9966 @ Jan 3 2017, 11:09 PM)
Feeling is subjective... some forumers hv been around more than 5 years... some less than 5 mths... that's the fact i can see on your avatar.

You claimed you been around forex industry for 10 yrs... setting up brokers... sound great... but you never reveal your company or client info.

Seems like you are not a trader after all.
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Is that important?

We trade for living.
cmk96
post Jan 3 2017, 11:27 PM

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QUOTE(DrFX @ Jan 3 2017, 11:02 PM)
Let us get straight into point.

YOU ARE RIGHT, NO ONE BEING SCAMMED NOW, but DOESNT MEAN IT IS NOT A SCAM. NOT YET. COULD BE THIS YEAR OR NEXT. ONCE THE SCAMMER DECIDED TO PULL THE PLUG, THAT'S IT. We will not wait until they stop paying, then only announce it is a scam. By the time it stop paying, it is too late, many innocent investors have loss their money to the scammers.

You can think it is based on assumptions but we judged base on facts and data. Please leave your testimonial once IGOFX stop paying later this year. If you can't take it, we are completely fine. We have nothing to lose, remember! We are not being PAY by those genuine FX brokers for doing this.

3 years ago MAXIM paying well and agents selling as guaranteed returns, what happened last year?
2 years ago FX United giving high profits returns, what happened now?
We heard JJPTR stop paying recently. Can someone confirm? It's sooner than expected. Let see when is going to be IGOFX turn.
*
I trade on my own. You need to get the facts right.

There are many pool funds...money games... whatever you call it... that promised fixed return every mth.

I trade myself... no fixed return. rclxm9.gif

Your advice is targeted towards investors in those fixed return products... Not me.

you don't ask me about Maxim, Fx United...JJPTR... i'm hv nothing to do with them.
TSDrFX
post Jan 3 2017, 11:33 PM

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QUOTE(cmk96 @ Jan 3 2017, 11:27 PM)
I trade on my own. You need to get the facts right.

There are many pool funds...money games... whatever you call it... that promised fixed return every mth.

I trade myself... no fixed return.  rclxm9.gif

Your advice is targeted towards investors in those fixed return products... Not me.

you don't ask me about Maxim, Fx United...JJPTR... i'm hv nothing to do with them.
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I am not asking you cmk96. I am showing you the samples that agents insist their program/broker is not a scam but still end up a big scam. Just like IGOFX now. bruce.gif
cmk96
post Jan 3 2017, 11:35 PM

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QUOTE(DrFX @ Jan 3 2017, 11:33 PM)
I am not asking you cmk96. I am showing you the samples that agents insist their program/broker is not a scam but still end up a big scam. Just like IGOFX now.  bruce.gif
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Since i trade on Igofx... you will be the first to know if any of my withdrawals fails in the future. Until then... bye bye. cool2.gif
ctan6611
post Jan 3 2017, 11:48 PM

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QUOTE(DrFX @ Jan 3 2017, 10:20 PM)
Avoid it at all cost. The numbers of questions concerning IGOFX have worried us. The virus is spreading fast. doh.gif

It's going to be the next big scam. Players still getting paid for now. Once the scammer pull the plug, that's it.
*
I am fully agreed with DrFx. Please be very be careful on Igofx and should avoid it at all cost.

I have a friend introduce to me and I tried it out, fund the account and invest in small first to test out. It was in good profit and I tried to test on their fund withdrwal. Unfortunately I still not receive the money yet since Dec 15th fund withdrawal request using bank wire transfer., the amount is usd400. I have tried many ways to contact them but no response. Email no respond, phone call no answer, online chat always said forwarded my issue to respective department.

My friend who introduce to me said they have no issue if using local depositor rather than bank wire transfer. I wanted to use bank wire transfer mainly to reduce the in/out exchange rate that charge by using local depositor which is 4.30 out and 4.6 in because I plan to invest larger amount if everything looks good on Igofx.

DrFx, do you have any advice on what can I do to get back my money?

Thanks
Ctan6611
TSDrFX
post Jan 3 2017, 11:53 PM

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QUOTE(cmk96 @ Jan 3 2017, 11:35 PM)
Since i trade on Igofx... you will be the first to know if any of my withdrawals fails in the future. Until then... bye bye.  cool2.gif
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We believe their major scam activity is on the too good to be true investment.

They will continue pay for manual traders, just like TriumphFX.
TSDrFX
post Jan 4 2017, 12:04 AM

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QUOTE(ctan6611 @ Jan 3 2017, 11:48 PM)
I am fully agreed with DrFx. Please be very be careful on Igofx and should avoid it at all cost.

I have a friend introduce to me and I tried it out, fund the account and invest in small first to test out. It was in good profit and I tried to test on their fund withdrwal. Unfortunately I still not receive the money yet since Dec 15th fund withdrawal request using bank wire transfer., the amount is usd400. I have tried many ways to contact them but no response.  Email no respond, phone call no answer, online chat always said forwarded my issue to respective department.

My friend who introduce to me said they have no issue if using local depositor rather than bank wire transfer.  I wanted to use bank wire transfer mainly to reduce the in/out exchange rate that charge by using local depositor which is 4.30 out and 4.6 in because I plan to invest larger amount if everything looks good on Igofx.

DrFx, do you have any advice on what can I do to get back my money?

Thanks
Ctan6611
*
We are sorry to hear that, ctan6611.

You may seek for your friend who introduced you to help you, we assume your friend has earned some commission from your account. If he/she can't, bring your friend together to the nearest Police Station to file a report. In real FX, there is no such thing called local depositor unless it is well regulated party.

Make things ugly and show the scammer what you are capable of. For the time being, they may force to pay you for the sake of shut you up.


TaintedSoul
post Jan 4 2017, 01:32 AM

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why are the IGOFX traders so sensitive? DrFX is doing a good deed and tryna warn u guys about this group might be a potential scam...just take note and be thankful even though there are no withrawal fails yet...

DrFx could sit back and do nothing..yet he choose to warn those who are in IGOFX..be thankful la..

ego kills
Jack_1
post Jan 4 2017, 03:15 AM

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QUOTE(TaintedSoul @ Jan 4 2017, 01:32 AM)
why are the IGOFX traders so sensitive? DrFX is doing a good deed and tryna warn u guys about this group might be a potential scam...just take note and be thankful even though there are no withrawal fails yet...

DrFx could sit back and do nothing..yet he choose to warn those who are in IGOFX..be thankful la..

ego kills
*
The topic is threatening multiple IBs' commission income. For example, you can see that CMK96. He has multiple brokers connections, in which he is not only IB from igoforex, but also works as IB from other firm brokers. In this case, if newbie read this topic, the chance to "fish" newbie to join his 30 percent income scheme is greatly reduced in the world in internet today.

Think in the opposite way if we do bad comments about Oanda, anyone will attack us ? Those high reputations not even care what you talking. But such thing is totally different for a scam broker and IB such as CMK96.

Based on the photo he posted, the trading result was 2015 year which is 2 years long ago, and no igoforex logo in the printscreen. One more important point is (which is not hard to see from photo), his main income is not from trading (of course he did some small lots trade to do some illusions), but primary source income are come from commission earned from newbie investor since many credit would give to him "automatically" every time, every minute. Eventually this makes himself rich but make his investors poor. So, do you consider this is SCAM ?
chenhui87
post Jan 4 2017, 09:20 AM

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QUOTE(cmk96 @ Jan 3 2017, 05:55 PM)
This broker very sensitive to certain forumers.... jangan main-main...  thumbup.gif
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one of my fren introduced it to me, just come here to get more info. tongue.gif tongue.gif
cmk96
post Jan 4 2017, 11:26 AM

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QUOTE(Jack_1 @ Jan 4 2017, 03:15 AM)
The topic is threatening multiple IBs' commission income. For example, you can see that CMK96. He has multiple brokers connections, in which he is not only IB from igoforex, but also works as IB from other firm brokers. In this case, if newbie read this topic, the chance to "fish" newbie to join his 30 percent income scheme is greatly reduced in the world in internet today.

Think in the opposite way if we do bad comments about Oanda, anyone will attack us ? Those high reputations not even care what you talking. But such thing is totally different for a scam broker and IB such as CMK96.

Based on the photo he posted, the trading result was 2015 year which is 2 years long ago, and no igoforex logo in the printscreen. One more important point is (which is not hard to see from photo), his main income is not from trading (of course he did some small lots trade to do some illusions), but primary source income are come from commission earned from newbie investor[B][/font][COLOR=red][B] since many credit would give to him "automatically" every time, every minute. Eventually this makes himself rich but make his investors poor. So, do you consider this is SCAM ?
*
You again.... i remembered your post was deleted by MOD in the forex tread... coz u just a member since Nov 2016... u start flaming other forumers.

Where do you see i took commission from broker? I give you USD1000 if you can prove what you just said.

Since when i say i am an IB for Igofx? Can you explain where the 183k profit came from? True traders will know profit can only come from trading. Not commission or credits...all those BS.

you are creating so much negative karma for yourself.

This post has been edited by cmk96: Jan 4 2017, 11:49 AM
xdeathz
post Jan 4 2017, 12:39 PM

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I got no issue so far with igofx. All withdrawal done within 24hrs. Not trying to promote igofx but just to share my experience with igofx since a lot of ppl here are asking bout it. I can't prove wherever it's legit or not but at least I got no issue with it for the past six months

This post has been edited by xdeathz: Jan 4 2017, 12:39 PM
rachel9966
post Jan 4 2017, 01:11 PM

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QUOTE(Jack_1 @ Jan 4 2017, 03:15 AM)
The topic is threatening multiple IBs' commission income. For example, you can see that CMK96. He has multiple brokers connections, in which he is not only IB from igoforex, but also works as IB from other firm brokers. In this case, if newbie read this topic, the chance to "fish" newbie to join his 30 percent income scheme is greatly reduced in the world in internet today.

Think in the opposite way if we do bad comments about Oanda, anyone will attack us ? Those high reputations not even care what you talking. But such thing is totally different for a scam broker and IB such as CMK96.

Based on the photo he posted, the trading result was 2015 year which is 2 years long ago, and no igoforex logo in the printscreen. One more important point is (which is not hard to see from photo), his main income is not from trading (of course he did some small lots trade to do some illusions), but primary source income are come from commission earned from newbie investor since many credit would give to him "automatically" every time, every minute. Eventually this makes himself rich but make his investors poor. So, do you consider this is SCAM ?
*
edited

This post has been edited by rachel9966: Oct 11 2018, 04:52 PM
xdeathz
post Jan 4 2017, 02:29 PM

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QUOTE(DrFX @ Jan 3 2017, 11:02 PM)
Let us get straight into point.

YOU ARE RIGHT, NO ONE BEING SCAMMED NOW, but DOESNT MEAN IT IS NOT A SCAM. NOT YET. COULD BE THIS YEAR OR NEXT. ONCE THE SCAMMER DECIDED TO PULL THE PLUG, THAT'S IT. We will not wait until they stop paying, then only announce it is a scam. By the time it stop paying, it is too late, many innocent investors have loss their money to the scammers.

You can think it is based on assumptions but we judged base on facts and data. Please leave your testimonial once IGOFX stop paying later this year. If you can't take it, we are completely fine. We have nothing to lose, remember! We are not being PAY by those genuine FX brokers for doing this.

3 years ago MAXIM paying well and agents selling as guaranteed returns, what happened last year?
2 years ago FX United giving high profits returns, what happened now?
We heard JJPTR stop paying recently. Can someone confirm? It's sooner than expected. Let see when is going to be IGOFX turn.
*
They're still paying on time every month. I can confirm on this one

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