Stay away from Instaforex. Bad B book broker.

If you are trading with Charterprime Aus, then it is fine.

sifu DrFX, what is the meaning of "Bad B book"?
thx...


thx sifu duplicated

DrFX, please add

B book mean market maker. Bad B book mean bad ass that always burn traders accounts with poor execution and slippages.

There is no individual scammer on the list. May be someone should start one. Make sure they have full details about the scammers.

Got introduced by a friend about triumphfx.
Did a research on this company, many people said it’s a scam started in 2015.
But it almost 2018, why this company is still surviving?
I got advised by them invest in a fund call SGA constantly generate 5% return based on history records.
Im struggling whether to invest or not, they even show me triumphfx is going to Shangshai finance exhibition on this October

It's started in 2013 if not mistaken. Early 2015, SCAMMED first round with the reason of money being hold by New Zealand government. Bull shit*

After took a toilet paper license from Vanuatu which only cost USD10k in 2015, they are about to close shop real soon. You don't have to trust us, but try it. Many don't listen when we warned about JJPTR, IGOFX, TP EAGLES, etc. TriumphFX will be the next one.

So you think it is genuine because of constantly pay? They are paying from investors' money, no real trading behind. The reason they can last longer due to getting more innocent investors like you invested, the pyramid is getting huge. When the clock stop ticking or slowing down, that's when the scammer will close for the 2nd round.

And you think it is genuine because they are going ShangHai finance exhibition? Basically they just pay for the booth, organiser does not care what you do. The booth cost around USD5k-25k depending on size. It's a SHOW to convince innocent investors too. Not the first time from them.

Anything else we can help you?

tks for the confirmation! i am relieved to know of this

Yes it is a tier 2 broker.

Bro, you mentioned scammed first round was happened in 2015.
Do you mean many investors money were cheated, couldn't withdraw at all?
How could they operate until now?
Since it act like a ponzi scheme.

This post has been edited by Macrusin: Oct 17 2017, 04:52 AM

You should invest everything into it to find out yourself. Don't think too much, profit won't wait you

Yes, all burned for first round. Total loss.

They restart with a new toilet paper license and market with GM Trader instead of TriumphFX.

FreshForex is the best. I currently trade with this broker and have no problem at all. Excellent customer service and quick order execution.

Unregulated broker is strictly prohibited.

Avoid unregulated brokers at all cost.

Hi Dr.fx, your view on sainmaco. It is a copy trade platform.

It's an unregulated platform that claimed they are Singapore licensed which in fact they are just a normal company registration.

Thank you.

Dr.fx, their broker is tradesto. Althought it is registered under ASIC, I don't think they got brokerage licence.. that my interpretation. Correct ?

Thanks for the info.