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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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TradeForLife1994
post Jan 4 2017, 04:10 PM

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Just my two cents.. Even big brokers have the possibility of not paying..... Look at it from another POV, to obtain certain regulations you need to fulfill certain requirements and pay a sum of money.. This can be a way to boost the company's "image" to the masses.

My personal belief is not to keep too much money in one broker and also please make constant withdrawal from time to time. IGOFX is still paying regardless of PAMM service or manual trading.
ctan6611
post Jan 4 2017, 09:12 PM

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QUOTE(xdeathz @ Jan 4 2017, 12:39 PM)
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
*
May I know is your withdrawal thru local depositor or bank wire transfer?


ctan6611
post Jan 4 2017, 09:14 PM

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QUOTE(DrFX @ Jan 4 2017, 12:04 AM)
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.
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Hi DrFx, may I know which platform is trusted and have copy trading similar to Igofx?

Thanks
Ctan6611
koceh87
post Jan 4 2017, 09:52 PM

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anybody heard about TOP PRO FX?
xdeathz
post Jan 5 2017, 01:01 AM

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QUOTE(ctan6611 @ Jan 4 2017, 09:12 PM)
May I know is your withdrawal thru local depositor or bank wire transfer?
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Through Local depositor fyi
Jack_1
post Jan 5 2017, 05:34 AM

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QUOTE(rachel9966 @ Jan 4 2017, 01:11 PM)
You have very wild imagination.

Who teach you commission = profit? Commission goes to "Balance" la.
Credit if convert to cash...also will go to "Balance".

cmk96 have 183k "Profit"... how do you explain that? As Drfx like to say.... "you must be young and new"...LOL
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Profit 183k , not necessary must be real profit. There are thousand of ways to create illusion. I am not to say about photoshop or change trading record. It can be real trading.

Since I knew CMK96 in personal long time ago, I am going to say what CMK96 used to do only using the old trick, maybe present CMK96 now has evolved and use much advanced illusion. I have no idea on his new trick, but only has some idea on his old trick.

Normally what he did is : Just simply open two real accounts, put in some deposits in two accounts. Each time in two accounts, do two opposite trades. For example, one account do buy, then another account must do sell. At the end, one account profit is +183k while another is -183k. In combination of two accounts, he has no loss at all. The account cannot do pure SELL trades, because people will suspect. The account must be combined SELL and BUY trades, and some lose trades also, as long as the result is convincing. Since his deposit were came from his commission, but not his personal deposit, so the "illusion" profit also came from commission. At the end, he only shown the +183k accounts, but not the -183k account. he will show his bank account statement as well to trick people join him.

I am definitely "new and young" in the world of forex, this point you are right. That is why I am one of the early bird batch and wish to invoke all early bird do not get cheated by CMK96 or by SCAMMER. As the matter of fact, I read thru your posts, I have learn a lot.

Unfortunately, since you know a lot and has a lot experience, you don't your knowledge to help people, but use your experience to help devil to cheat people. Don't you fell yourself are "old and ugly" .
cmk96
post Jan 5 2017, 12:26 PM

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QUOTE(Jack_1 @ Jan 5 2017, 05:34 AM)
Profit 183k , not necessary must be real profit. There are thousand of ways to create illusion. I am not to say about photoshop or change trading record. It can be real trading.

Since I knew CMK96 in personal long time ago, I am going to say what CMK96 used to do only using the old trick, maybe present CMK96 now has evolved and use much advanced illusion. I have no idea on his new trick, but only has some idea on his old trick.

Normally what he did is : Just simply open two [b]real accounts
, put in some deposits in two accounts. Each time in two accounts, do two opposite trades. For example, one account do buy, then another account must do sell. At the end, one account profit is +183k while another is -183k. In combination of two accounts, he has no loss at all. The account cannot do pure SELL trades, because people will suspect. The account must be combined SELL and BUY trades, and some lose trades also, as long as the result is convincing. Since his deposit were came from his commission, but not his personal deposit, so the "illusion" profit also came from commission. At the end, he only shown the +183k accounts, but not the -183k account. he will show his bank account statement as well to trick people join him.

I am definitely "new and young" in the world of forex, this point you are right. That is why I am one of the early bird batch and wish to invoke all early bird do not get cheated by CMK96 or by SCAMMER. As the matter of fact, I read thru your posts, I have learn a lot.

Unfortunately, since you know a lot and has a lot experience, you don't your knowledge to help people, but use your experience to help devil to cheat people. Don't you fell yourself are "old and ugly" .
*
LOL... u know me long ago? since when?

U just registered in Nov 2016... i was here since Oct 2007. Don't bluff readers la.

Now you say i have 2 accounts... one -183k..the other +183k?.... wah... like that i need to deposit 183k in order to lose -183k lo?

Your story don't make any sense. Profit is profit...it must come from trading... can not be transferred. ...Once transfered.... the "Balance" will change...Not the "Profit".

If what you said can be done... u try do it... do the transfer...attached a screenshot with profits, balance and withdrawal... i give RM100.... i oso want to learn from you.

Btw, my offer for you USD1000 still valid if you can prove i am IB for any broker you can think of. thumbup.gif

rachel9966
post Jan 5 2017, 01:15 PM

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QUOTE(Jack_1 @ Jan 5 2017, 05:34 AM)
Profit 183k , not necessary must be real profit. There are thousand of ways to create illusion. I am not to say about photoshop or change trading record. It can be real trading.

Since I knew CMK96 in personal long time ago, I am going to say what CMK96 used to do only using the old trick, maybe present CMK96 now has evolved and use much advanced illusion. I have no idea on his new trick, but only has some idea on his old trick.

Normally what he did is : Just simply open two real accounts, put in some deposits in two accounts. Each time in two accounts, do two opposite trades. For example, one account do buy, then another account must do sell. At the end, one account profit is +183k while another is -183k. In combination of two accounts, he has no loss at all. The account cannot do pure SELL trades, because people will suspect. The account must be combined SELL and BUY trades, and some lose trades also, as long as the result is convincing. Since his deposit were came from his commission, but not his personal deposit, so the "illusion" profit also came from commission. At the end, he only shown the +183k accounts, but not the -183k account. he will show his bank account statement as well to trick people join him.

I am definitely "new and young" in the world of forex, this point you are right. That is why I am one of the early bird batch and wish to invoke all early bird do not get cheated by CMK96 or by SCAMMER. As the matter of fact, I read thru your posts, I have learn a lot.

Unfortunately, since you know a lot and has a lot experience, you don't your knowledge to help people, but use your experience to help devil to cheat people. Don't you fell yourself are "old and ugly" .
*
you sound so desperate to spin up a new story... doh.gif

cmk96 have been around for very long time in forex tread. you can check it yourself.

talking about creditability, cmk96 definately win hands down. you only been here for 3 mths.

i have seen cmk96 previous results and he NEVER do any marketing for any broker... i even follow his trades in the past and i made profit too.. he is a real trader.

maybe you are uncomfortable seeing someone else can profit so much... if he attached a screenshot with just 200-300 profits... it will be more believable than a 200,000-300,000 profit account.

like what cmk96 just said, if a "transfer" can boost up the profits of a particular account. You should do it and show us the screenshot.


empire177
post Jan 5 2017, 02:03 PM

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QUOTE(Jack_1 @ Jan 5 2017, 05:34 AM)
Profit 183k , not necessary must be real profit. There are thousand of ways to create illusion. I am not to say about photoshop or change trading record. It can be real trading.

Since I knew CMK96 in personal long time ago, I am going to say what CMK96 used to do only using the old trick, maybe present CMK96 now has evolved and use much advanced illusion. I have no idea on his new trick, but only has some idea on his old trick.

Normally what he did is : Just simply open two real accounts, put in some deposits in two accounts. Each time in two accounts, do two opposite trades. For example, one account do buy, then another account must do sell. At the end, one account profit is +183k while another is -183k. In combination of two accounts, he has no loss at all. The account cannot do pure SELL trades, because people will suspect. The account must be combined SELL and BUY trades, and some lose trades also, as long as the result is convincing. Since his deposit were came from his commission, but not his personal deposit, so the "illusion" profit also came from commission. At the end, he only shown the +183k accounts, but not the -183k account. he will show his bank account statement as well to trick people join him.

I am definitely "new and young" in the world of forex, this point you are right. That is why I am one of the early bird batch and wish to invoke all early bird do not get cheated by CMK96 or by SCAMMER. As the matter of fact, I read thru your posts, I have learn a lot.

Unfortunately, since you know a lot and has a lot experience, you don't your knowledge to help people, but use your experience to help devil to cheat people. Don't you fell yourself are "old and ugly" .
*
Gonna side with cmk96 here. I PMed him before and he never once market any brokers to me.. Perhaps you carry a grudge against him.. To be fair, you shouldn't slander him in public without concrete proof...
TSDrFX
post Jan 5 2017, 02:33 PM

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QUOTE(ctan6611 @ Jan 4 2017, 09:14 PM)
Hi DrFx, may I know which platform is trusted and have copy trading similar to Igofx?

Thanks
Ctan6611
*
Hi Ctan6611,

You can try zulutrade, fxstat, myfxbook, etc that offering copy trades through various well regulated brokers.

IGOFX is not a copy trade platform, it's using PAMM/MAM system that usually apply on managed accounts.
TSDrFX
post Jan 5 2017, 02:37 PM

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QUOTE(xdeathz @ Jan 4 2017, 12:39 PM)
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
*
As mentioned, not yet, it's just the matter of time it stop paying. Scam or not is not justify by payments. Nice payment is to lure more innocent investors. This is common tactic of scams.
TSDrFX
post Jan 5 2017, 02:44 PM

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QUOTE(TradeForLife1994 @ Jan 4 2017, 04:10 PM)
Just my two cents.. Even big brokers have the possibility of not paying..... Look at it from another POV, to obtain certain regulations you need to fulfill certain requirements and pay a sum of money.. This can be a way to boost the company's "image" to the masses.

My personal belief is not to keep too much money in one broker and also please make constant withdrawal from time to time. IGOFX is still paying regardless of PAMM service or manual trading.
*
Hi TradeForLife,

We would like to know which big brokers stop paying? It helps a lot.

We understand Alpari UK default in 2015 and traders managed to get back their funds through capital protection. Although it took some time for auditors to complete the book, it's still safer than SCAM brokers that without proper regulations and may run away investors money whenever they want.
ctan6611
post Jan 5 2017, 03:02 PM

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QUOTE(DrFX @ Jan 5 2017, 02:33 PM)
Hi Ctan6611,

You can try zulutrade, fxstat, myfxbook, etc that offering copy trades through various well regulated brokers.

IGOFX is not a copy trade platform, it's using PAMM/MAM system that usually apply on managed accounts.
*
Thanks for the recommendation.

Do you know roughly what are the ROI on copy trade platform? How many % profit sharing with the trader?

thanks,
ctan6611
TSDrFX
post Jan 5 2017, 03:02 PM

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QUOTE(cmk96 @ Jan 4 2017, 11:26 AM)
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.
*
You are not IB of IGOFX, but perhaps the agent of IGOFX where you gain spread/commission rebate from the fake trades. Even though those profits are not real, IGOFX still pay agents attractive rebates, so they will continue market and bring in more innocent investors for the scammer.

This post has been edited by DrFX: Jan 5 2017, 03:03 PM
TradeForLife1994
post Jan 5 2017, 03:10 PM

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QUOTE(DrFX @ Jan 5 2017, 02:44 PM)
Hi TradeForLife,

We would like to know which big brokers stop paying? It helps a lot.

We understand Alpari UK default in 2015 and traders managed to get back their funds through capital protection. Although it took some time for auditors to complete the book, it's still safer than SCAM brokers that without proper regulations and may run away investors money whenever they want.
*
Hmm... If I'm not wrong. The traders failed to get back 100% of their capital and only got back a portion after a huge delay..
TSDrFX
post Jan 5 2017, 03:32 PM

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QUOTE(TradeForLife1994 @ Jan 5 2017, 03:10 PM)
Hmm... If I'm not wrong. The traders failed to get back 100% of their capital and only got back a portion after a huge delay..
*
It's standard procedure when a broker/bank default. It take times for auditors to check the book. Smaller traders got back 100%, only bigger accounts got back around 80% of their balance. Remember capital protection for UK FCA is cap at 75k pound.

Is that better than a scam broker disappeared over the night?

By the way, you did not answer our question which big broker did not pay. Please advise. Thank you.

This post has been edited by DrFX: Jan 5 2017, 03:33 PM
TSDrFX
post Jan 5 2017, 03:51 PM

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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
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Thank you, TaintedSoul.

We can understand the enthusiasm of IGOFX marketers when they received lucrative commission which virtually money from their investors since no real trades behind.
Time Walker
post Jan 5 2017, 04:19 PM

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Hi, is hot forex safe?
TSDrFX
post Jan 5 2017, 04:38 PM

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QUOTE(Time Walker @ Jan 5 2017, 04:19 PM)
Hi, is hot forex safe?
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Hotforex is a St. Vincent and the Grenadines offshore unregulated FX broker.

You have much better options available. Thank you.

This post has been edited by DrFX: Jan 5 2017, 04:38 PM
cmk96
post Jan 5 2017, 04:40 PM

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QUOTE(DrFX @ Jan 5 2017, 03:02 PM)
You are not IB of IGOFX, but perhaps the agent of IGOFX where you gain spread/commission rebate from the fake trades. Even though those profits are not real, IGOFX still pay agents attractive rebates, so they will continue market and bring in more innocent investors for the scammer.
*
Perhaps?

Perhaps you are agents from other broker who like to see your opponent business go down.

You guess me. I can guess u too.

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