Yes and no, many genuine brokers offer 1:500 leverage which is very common nowadays.

Bad apples are those who manipulated the pricing for fake investment or bad slippages that caused unnecessary damage to traders account.

It's always around with active group survived and no sales group sacrificed.

We wont recommend this broker. We have removed FusionMarkets from our list.

Too much complains on bad slippages.

Why invest on this TriumphFX ponzi scheme in the first place?

"Oh yes, i listened to my friend."

We heard few brokers office were raid in Malaysia including scam broker like Lirunex. Anyone like to share?

We received an inquiry about Triumphfx director Chong Chun Hseung. Anyone has any information about him? Feel free to share. Thank you.

https://www.financemagnates.com/forex/trium...e-back-to-2015/

We heard over hundred of millions were scammed by TriumphFX.

Another big FX scam collapsed. The scam FX Indonesian owner is enjoying life with the scammed money. Hope those saw our post withdraw their fund earlier.

Ok sounds like theathen, but the fact is they wont get back their money no matter they complain or not. So why quiet?

Probably they keep quiet because of the threaten. So outsider dont know they stopped paying.

Anyway greediness has no cure. These Malaysian just like to be scammed.

You are very welcome.

Here we fight scam before it's ended. Not after game over. What's the point? After ended, mean your money already got scammed, you wont get it back. 100% WONT GET IT BACK! All you can do now is file police reports as many as you can. The more victims report, the better.

In the end, what do we get for fighting scam? Questioning, doutbs, asking for proof, humiliate, worse is our family being attacked by the scammers.



This post has been edited by DrFX: May 22 2024, 12:33 AM

We contacted Labuan FSA about this UWG scam in 2021 but we got ignored. Labuan FSA is sh!t regulator, they are not Singapore MAS.

Sorry but sometime stupidity has no cure regardless of from which countries. We heard that victims were threaten by the Sentratama scammer not to report, else take even longer to get back their money. They either shy to report or worried the authority will question them.

THE FACT IS YOU WONT GET BACK YOUR MONEY, WAKE UP!

Within a year, many FX SCAMs have collapsed!

1: TriumphFX
2: Sentratama/UWG
3: Ridder
4: Tradehall

Any platform listed on our FX SCAM list will eventually collapsed. You dont have to ask for proof or anything, the ending will be the same. Just like you dont ask your Doctor to proof that you got cancer. He/she know how.

This post has been edited by DrFX: May 29 2024, 10:48 PM

Do you notice that this is already on our FX SCAM list?

WATCH OUT other FX SCAMs like Lirunex and Vlado!

Thank you for your input. We have removed this broker from the list.

The genuine broker list is based on brokers with tier 1 licenses including UK FCA, Swiss FINMA, AUS ASIC, SG MAS, etc. However, if we received reports and bad reviews that brokers are doing unhealthy activities, we shall immediately removed them from the list. We have removed several brokers in the past including ICM.com, ZFX and now Mex Exchange.

Feel free to share if you have any bad experiences.

Yes, game over. The Sentratama scammer boss said thank you very much.

Not too sure about this article as there are not much info provided.

He should be. Well, soon he will be back. Malaysia boleh again!

Still many Malaysians fall into Indonesia FX SCAM.

How on earth Malaysian can trust Indonesia scammers? Greed. Soon Malaysian will fall into Bangladesh FX SCAM as well.