they are perceive as a "service provider" and offer investors fund management service from a fund manager firm from russia, named GFS ( Global Financial Solutions) and they are partnering with a broker named PT Sentratama Berjangka from Indonesia.

they offer those standard 3%-7% returns monthly.
and i am not sure about this statement but word from the street is from each funding, those upline and broker each taken quite a substantial amount to their pocket. based in penang

maybe u have heard of ernest lee or djohan darmady

by the way brother am i allowed to give names out or is it against forum rule?

i also wanna thank all the senior and veterans from this forum for contributing a lot and making awareness. much love and respect

This post has been edited by whothatbe: Aug 20 2017, 11:19 PM

We won't touch it if we were you. It's an unregulated FX broker without investor protection. There are so many choices out there.

No worries, you are FREE to share any information.

You may need to find out whether they are trading with Sentratama Investor Berjangka (Indonesia regulated) or Sentratama Investor Future (unregulated)? They love to confuse investors that they are regulated.

Those in bold, they are shady.

Which broker out there gives spreads as good as them and also good trading commissions (USD7 for every lot)?

In response to the post about TP Eagles, I heard from a friend (who happen to invest as well) that investors are able to login to their MT4 accounts now. However, most of them got a shock of their life as they have suffered a massive lost of about 70% to 80%, can anyone confirm on this as well?

I pity those investors who are cheated by unscrupulous/ignorant members.. I have requested screenshots on the MT4 account balance from my friend and will post it here for all to advise.

I have also advised my friend to request transactions statements from the broker (MGMC) because it doesn't make sense to me that her account couldn't be accessed for over 2 months. The worse part is that it was only until yesterday that she was finally able to access (informed by the rep to access) to the account and check the balance. She got a shocked of her life

Please post those screenshots. Would be helpful for us.

Also, how much did your friend invest? and how much is left?

You know Frankie?

Hi, need help on checking legality for https://www.fullertonmarkets.com/ , NZ license.

It is introduced by simplyfx fm team, so wanna check their legitness.

thanks

I will avoid brokers from New Zealand if I were you. This is because NZ FMA do not regulate FX trading activities but companies are permitted to conduct Forex activities there. Over the years, I have seen many victims falling to the tricks and tactics by unscrupulous companies claiming that they're licensed and regulated in NZ.

Perhaps you can check out the diagram which I have attached in the post. Hope this will shed some light and help you make an informed decision.

Again, like what DrFX always say: "There are better brokers out there". I wish you all the best!

Source of image: https://fma.govt.nz/about-us/what-we-do/who-we-regulate/


Attached thumbnail(s)

Thanks for sharing, Hetna Ligiv.

Very useful information for everyone.

have ur friend managed to withdraw?

crypto currency scams .. should also fall under forex scams right ?

https://www.facebook.com/Phyto-S99-1034332590035287/

Another scammer here !!
Pls help to spread it
Thanks

Hello,

Whats the difference between using your card to make DEPO and WD rather than using a Local IB? Other than the transaction being processed faster?

Will it affect me in anyway in the future if I wish to buy a car or house with loan?

Thanks.

anyone here heard about TeleTrade?

How they scam??

Can you provide more info about the scam?

Happy to contribute in any way possible.

Has anyone seen the newly updated Malaysia Financial Consumer Alert List?

In the earlier post, member xShinji mentioned about SimplyFX. Not surprisingly, SimplyFX is in the alert list.

According to my friend, the rep from TP Eagle told her to give them 1 more chance and that they guarantee to return 70% of her original invested capital. They have requested for a time frame of 9 mths to 12 mths. My friend may make a police report. I hope no more victims fall for their get-rich-quick-schemes during this time frame... #sigh