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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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TSDrFX
post Feb 22 2017, 03:09 PM

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QUOTE(zzerosz @ Feb 22 2017, 02:53 PM)
Thanks for the advice. Appreciate it. I'm currently looking for a new forex broker as well and based on your guide, I will try XM and GDMFX.  rclxms.gif
zzerosz
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GDMFX is New Zealand based, we don't recommend trading with this broker.
TSDrFX
post Feb 25 2017, 05:22 AM

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QUOTE(shinren @ Feb 25 2017, 12:41 AM)
Bro i just here to learn and now i understand it from you. People asking nicely you don't have to step on ppl first before sharing your thoughts. Anyway thanks bro, no hard feeling.

I guess i have to withdraw and close acc after i earn enough though.
Even it's scam, stuff like JJPTR a lot of people still earning money. So i guess, it's your own risk to pour money in stuff like this.

Between, some1 told me FCA license has new regulation that they do not allow copy trade is that truth?
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It's not truth. Basically UK FCA will not entertain SCAM FX like IGOFX. We know IGOFX keep saying they are getting UK FCA license to lure innocent investors like you, IGOFX will never get UK FCA license even though they are not doing copy trades. They have misused the copy trades term where in fact they are not doing any genuine copy trades. It's just a cartoon show that showing investors unreal trades via cutie web based report.

Stuff like JJPTR and IGOFX are games, not genuine investment. Play at your own risk.
TSDrFX
post Feb 25 2017, 05:30 AM

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QUOTE(jack2 @ Feb 24 2017, 05:48 PM)
He was talking about LIVE TRADES via MT4 platform and not via WEB CABINET.
What your 4 eyes SEE is trades shown in cabinet.
His mean is IGOFX investors (who place investment in managers) have no MT4 and the account information is just like wallet. But you were talking about self-trade via MT4 if you are trading yourself. Not investing.
Again, your daily confirmation email is your own MT4 trading account. Not the investment account.
Again, other regulated brokers have copytrading service or anything that Igofx is offering. So your personal opinion is not strong enough to support this mistery.

You seem to be a newbie but not really a newbie that has self defensive to give questions and self answered.  thumbsup.gif
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Nice 1, jack2! thumbsup.gif
TSDrFX
post Feb 26 2017, 01:40 AM

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QUOTE(highlowyat @ Feb 25 2017, 10:34 PM)
Liberty Reserve under forex trading hmm.gif this list is fcuked up
Jack Ma not happy with this because no igofx
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We can't find 1MDB on the list too. hmm.gif
TSDrFX
post Feb 27 2017, 08:19 PM

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QUOTE(shinren @ Feb 27 2017, 05:25 PM)
Cent acc mean micro or mini? Anyway there's this swissquote that contact me, are they good? it's in the genuine list though.

I just got a demo with aaafx in zulutrade, so far so good though.
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Swissquote Bank is one of the top 5 brokers in the world and we understand it's also a full operation bank where clients are given Swiss banking account.

Saxobank and Dukascopy are also top brokers who operate as banks.
TSDrFX
post Feb 28 2017, 04:22 AM

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QUOTE(LeonRayz89 @ Feb 27 2017, 05:32 PM)
hi, can u show me the evidence of the vortex assets & VTX premium as scam ?
coz my friend have intro it to me ~ & i have check online but not much found.
please advise. TQ
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Hello LeonRayz89,

Thanks for checking with us.

We would like to know what makes you think Vortex Assets and VTX premium NOT scam?

There are few refuse to trust our judgement by requesting for evidence. We are not regulators nor inspectors. You either trust us or you believe what the scammer said. Those believe scammers, after being scammed, they usually hide somewhere and cry for nothing. Only to blame for their GREED!

This post has been edited by DrFX: Feb 28 2017, 04:26 AM
TSDrFX
post Mar 2 2017, 12:31 AM

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QUOTE(cyl388 @ Mar 1 2017, 11:21 AM)
Master DrFX, Did you heard about this broker Vibhs. Regulated under UK FCA. My friend invited me to invest return about 10 to 15% monthly (7/3 basis) any comments. Thanks
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Are you referring to Exia International Group ?
TSDrFX
post Mar 2 2017, 03:32 AM

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QUOTE(ChongHan90 @ Feb 28 2017, 08:57 PM)
Thanks for this thread, I am very very new newbie! Totally don't know at all what you all talking about (I only know there is a "show", LOL), but at least, from here, i learned something. I will keep follow this thread. Thanks DrFx.
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You are welcome...
TSDrFX
post Mar 3 2017, 03:41 AM

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QUOTE(MNet @ Mar 2 2017, 01:22 PM)
Pls ask them to link the account to myfxbook and from there u can view the historical performance.
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We doubt they have any genuine track records. Probably another IGOFX which using web portal to show investors their way of trading records.
TSDrFX
post Mar 3 2017, 02:05 PM

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QUOTE(taka2505 @ Mar 3 2017, 12:54 PM)
One way to do a copytrade.  One trade will be entered into MT4 under the FM account. There will be interface communication between MT4 and the web cabinet system. The interface program will then split the one trade into numerous trades and distribute them accordingly to the FM's client.......

Why want to pump in individual trades into MT4? Waste of time and resources lah.
Just tell the IT guys and give them your requirements. They are expert in programming a system to meet your requirement.
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Hi taka2505,

There is no such thing call waste of time and resources. That is standard market practise either by MAM or PAMM to managed accounts. Every investors must have individual live account login when they take part in copy trades or managed accounts. Web cabinet is a bonus to show the trades history but it must be sync directly from clients live trading account. If you are speaking on behalf of IGOFX, then we would like to request for your FM account view login to verify your trades are entered base on real time market price.
TSDrFX
post Mar 4 2017, 12:48 AM

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QUOTE(taka2505 @ Mar 3 2017, 08:51 PM)
Don't you think they are making copytrade more practical by internally splitting the FM's trade and distribute to the clients accordingly.

This is only my guess that the company could be using this method to overcome the impossibility of copying trades in MT4 for a few thousand clients at one time. Time is a factor.
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Hi taka2505,

Do you have any idea what you talking about?

PAMM and MAM are also splitting the FM's trade and distribute to the clients MT4 accordingly.

MAM, PAMM and even social trading platform are capable of distributing to unlimited clients MT4 accounts in milliseconds.

We bet you are being mislead by your UPLINE that IGOFX copy trades come with such benefits where others not. IGOFX is not a genuine copy trades platform.

This post has been edited by DrFX: Mar 4 2017, 01:02 AM
TSDrFX
post Mar 5 2017, 04:57 AM

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QUOTE(highlowyat @ Mar 4 2017, 08:25 PM)
any bucketshop that offer internal copytrade.. is a potential scammer
why would they want you to become profitable
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Indeed. thumbup.gif
TSDrFX
post Mar 5 2017, 05:06 AM

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QUOTE(firewir3 @ Mar 4 2017, 03:35 PM)
Does anyone is RoyalFX legit ? come by few broker never heard of this , have few office around the world.
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If you referring to RoyalForex, it's Cysec regulated. Not recommended. There are plenty of better options.

This post has been edited by DrFX: Mar 5 2017, 05:06 AM
TSDrFX
post Mar 5 2017, 05:10 AM

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QUOTE(wss81 @ Mar 4 2017, 06:06 PM)
forex expert

  may i know below broker is legit?
http://www.forex4you.com/en/
As they offering copytrade........because i got introduced by my friend
But i scared it is scam

Thanks
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Forex4you is a BVI FSC regulated broker. Highly recommended to try other copy trade or managed accounts that using top tier brokers.
TSDrFX
post Mar 5 2017, 05:14 AM

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QUOTE(cyl388 @ Mar 4 2017, 10:55 AM)
I refer to VIBHS FINANCIAL LTD from UK. I went to their agent office. They own an EA programmer to provide training for EA &
EA writing.
Http://www.myfxbook.com/members/Danielnsh
If you. you have any suspicious please tellme. Thanks
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It's a pure managed account or copy trade service through VIBHS?

If you are opening trading account and funding to the trading account with VIBHS, it's considered secure. However, there is a major concern which is the trading performance. The records are relatively short. Look for longer live trading records before make your investment decision.

This post has been edited by DrFX: Mar 5 2017, 05:15 AM
TSDrFX
post Mar 5 2017, 05:16 AM

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QUOTE(mybestfreedom @ Mar 4 2017, 01:30 PM)
Does anyone knows FXprimax is a regulated Genuine Forex broker or not. My colleague invited me to invest and i am new to this. Pls anyone comment on this. Thanks
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It's just not good enough. Too many negative cases.
TSDrFX
post Mar 6 2017, 01:40 AM

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QUOTE(Justmua @ Mar 5 2017, 09:15 AM)
DrFX, can you recommend some of the better options? Not broker but PAMM managers with the reputable brokers.

Thank you.
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Hi Justmua,

We are sorry for unable to recommend any PAMM manager nor copy trades. Our priority mission is to counter any potential FX fraud and provide necessary alert to innocent new investors/traders.

In order to select a good managed accounts manager or copy trades service, below are 2 basic guidelines for your reference.

1. they must be using a well regulated brokers/banks.

2. select a profitable strategies that come with at least 2-3 years trading statement/performance records. (Make sure the accounts are trading with any well regulated brokers/bank.)

This post has been edited by DrFX: Mar 6 2017, 01:47 AM
TSDrFX
post Mar 8 2017, 02:21 PM

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QUOTE(neomatrixnet @ Mar 8 2017, 02:09 PM)
Hi guys...this post has been  there since 2015. It's now 2017. I'm just wondering since I have invested in one of the listed as scam forex broker, I am just curious on how does the judgements for a listed as scam forex broker being done apart of from what was mentioned up here, when my friend were able to withdraw numerous time from the said forex trader (I regret not to invest earlier after reading numerous post on the said forex and biggest influence of course I get it by reading comments from here.) seeing what my friend has made.. I kinda blame myself for being influenced by what was posted up there..
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Hi neomatrixnet,

Please let us know which scam broker are you talking about. Those on the SCAM list 90% have stopped paying. Game over.

There is no regret staying away from scam/fraud. You never know when they will stop paying and run way with investors money. It's just the matter of time. The time is usually when most of the investors reinvest everything into the game.

You will blame yourself or your friend for life if you loss all your money on the SCAM.

There are plenty of genuine opportunity in the market.

This post has been edited by DrFX: Mar 8 2017, 02:26 PM
TSDrFX
post Mar 8 2017, 04:12 PM

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QUOTE(virgoguy @ Mar 8 2017, 03:49 PM)
what about IGOFX or IGOFX2? my friend is inviting to invest in that
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Scam, nothing more but scam.
TSDrFX
post Mar 8 2017, 09:23 PM

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QUOTE(jack2 @ Mar 8 2017, 02:30 PM)
Anyonw knows about the gold trading offered by Gold Master using triumpfx broker
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Hi Jack,

We understand from Triumpfx first batch investors that the company claimed their money were hold by New Zealand government. So basically it's an excuse for them not to pay. Triumphfx also told their investors that the trades only appear on MT4 5 hours after the trades executed. Can you believe it?

After that, we found that Triumpfx has obtained a toilet paper license from Vanuatu and continue promoting by Gold Master. Anyone would like to continue the story?

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