We don't judge a scam FX by the withdrawal, sponsorship nor the worthless award.

Please check through our previous posts.

Thank you.

Both IGOFX and NORDHILLCAPITAL ARE SCAM. Check the regulations and licenses that these brokers are using. Basically it's toilet paper. Myfxbook verified results can be real and can be fake depending on what brokers those accounts are trading with.

We have run a test on their trades and find that non are real time. 100% manipulated.

Questioned the agents and that's the answer they received from Triumpfx.

This post has been edited by DrFX: Mar 8 2017, 09:54 PM

Hi apathen,

We understand it's happened back in 2015.

The only reason is that they can create sure win trades (since they already know the market movement) to show investors how good they are.

Hi Apathen,

So we assume that you are from Triumphfx. There is only one Triumphfx famously scammed many investors, clearly your "explaination" on delay trades are showing it's the one we are talking about.

Based on your explaination and excuse to prevent copy traders, so how do investors or anyone justify whether you are doing genuine trading? Do you have any liquidity provider statements to proof? Since you are doing STP, we are pretty sure all the trades should be sent to LP. Would you mind to show us your LP statements to prove us wrong?

Thank you.

Are you new to FX?

In fact, 1 month is too short, make it minimum 3 months.

1. Trade with well regulated brokers or get a top tier license Pretty hard right for a scam?
2. Provide investors with liquidity provider statements (Top regulated brokers/banks). Possible unless it's a scam.
3. Hide view only password (Daily and monthly statements are enough) as long as fulfilling number 1 requirement.
4. Setup clients account on myfxbook for monitoring. (Only if you are fulfilling 1 and 3)
5. Run a well regulated hedge fund with audited factsheet and reports.

Guess you are part of kbfx. Tell us why kbfx is not a scam?

We are not sure which broker. You may ask around. May be you can suggest Triumph

We assume you have no idea and know nothing about FX. Just by your friend lifestyle? Most of the scammers like to show off their lifestyle to convince newbies like you.

Hi apathen,

Since you mentioned that you are not part of TriumphFX and a small fry, we don't really understand why are you concern so much that whether a broker can prevent some cheapskate to follow trade.

We don't really concern about it as investors, we would prefer a genuine licensed transparent broker/bank, not concern about whether the trade will copy by cheapskate.

This post has been edited by DrFX: Mar 11 2017, 06:00 AM

Hi apathen,

You may need to try ask any genuine top licensed brokers in the world did that and why they don't have such so called copy trade concern which TriumpFX claimed to be a so called valid reason, but yet unable to show the proof. YOU CANT FIND ONE WELL LICENSED BROKER THAT HAVE SUCH FUNNY EXCUSE! This is because NON of the Regulators would accept this reason to delay the trades on MT4.

You are obviously protecting a SCAM, and can't accept the fact that they are a SCAM. You are living in their world instead of accepting there is no such concern or excuse to delay trades exist in this GENUINE FX world. If they are so concern about copy trade, then don't provide view only password, just liquidity provider daily statements or run as a licensed fund!

There are plenty of genuine copy trades in the market offering live MT4 accounts. We are not here to plan any SCAM programs like TriumphFX but we are here to help investors to learn how to avoid SCAMs like TriumphFX.

Kid

There is NON of the genuine broker required to show liquidity provider statements because they are well regulated and 100% transparency without excuse to delay trades.

Only fishy brokers will take Vanuatu license and hide real trades. They have similarities, JJPTR and SFX Markets (MYFX Capital) allow investors to login on weekend only.

We can't help you anymore.

Stay away from any Indonedia based brokers.

Are they regulated?

We think there are plenty of better choices out there.

How To Check Is the Forex Broker Genuine Or Scam

What sort of trader would not like the assistance of a broker that he can rely on? Most new traders struggle to find a genuine forex broker who is transparent and provides a great forex trading experience. There are several reasons for this, but one of the major reasons is the mindset of the traders themselves. As most new traders are lured into the forex game through a fake forex broker as an easy way to make money, they have a wrong image about the forex market and hence do not know how to get long term success. Most of us know that forex is one of the most volatile markets in the world, and due to its floating nature, the prices of the currencies cannot be predicted. But the question of how to identify weather a forex broker is genuine or not depends on several factors. You can also check the various internet websites like forexstars and other to get reviews about the various forex brokers. Here are some ways how you can check the authenticity of a forex broker.


MAKE SURE THE FOREX BROKER IS WELL REGULATED
Only trade or invest with top tier licensed brokers/banks who are under tier 1 and 2 licenses for highest protection. For example, in the event of a Swiss broker/bank bankruptcy, traders and investors are given up to CHF100k capital protection.

Tier 1 licenses under: US NFA, UK FCA, SWISS FINMA, JAPAN FSA, SINGAPORE MAS.
Tier 2 licenses under: European financial regulators, Australia ASIC, Canada IIROC.

AVOID UNREGULATED BROKERS OR OFFSHORE REGULATED BROKERS (Vanuatu, Seychelles, St. Vincent, Belize, Indonesia etc)

Traders and investors can check with their corresponding regulatory agencies that check the credibility of the forex brokers. They include the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) in the United States, Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the United Kingdom, Australian Securities and Investment Commission (ASIC), Swiss Federal Banking Commission (SFBC) and FINMA, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN) in Germany and Autorité des Marchés Financiers (AMF) in France.


Analyze the Website
We all know that in this age of peerless internet technology, coming across fake content is totally possible and one must first check the website first for a clear picture of the reviews. Some websites are meant not for the viewers but an organization’s attempt at getting more affiliates. In such cases you have to judge for yourself whether the reviews are real or are posted through automated software to get more viewers.

Check the Comment Box
Some sites are highly moderated along with the viewer’s comments that appear on the website due to the fear of spam. If a website allows regular users to comment on their posts that is a great sign of openness. But if your comment doesn’t appear immediately on the website and is stuck in the moderation phase forever, you certainly do not want to waste a lot of time reading your reviews on such a website. Several times unanswered comment boxes also indicate the website’s poor activity.

Only Promote Genuine Reviews
There are several websites that post a review and also refer the viewer to a broker’s website as several broker’s pay the sites to promote themselves. While there is nothing wrong in referrals, the viewers must also use their full discretion when it comes to judging whether the reviews are genuine or not. Try to avoid websites that also provide a referral link in a review that also redirects the user to the broker’s webpage.

Transparency Is A Must
The best way to know whether your forex broker is a fake one or not, is to look for his list of clients. While several fake brokers might tell you that it is against the law to disclose such information, the reality is the total opposite and no genuine broker would be afraid to share the list of his clients. Genuine brokers use their network of traders more as their work portfolio and you can always judge the authenticity of a broker through the profiles of the various clients and traders that he deals with. More transparency in a broker’s activities will instill more faith in the clients.

Look At How The Broker Works
While this would be like judging a book from its cover, forex brokers can be judged based on how they deal with their clients. If the forex broker holds each client’s funds in a segregated account approved by the traders, then it is quiet likely that you’re working with a genuine broker. Make sure that the broker has a valid proof of operating under a government regulation.

Check the Broker’s Portfolio
After you have checked how the broker works and the long list of his client’s, you still need to see if the clients are earning regular profits or not. Doing a short background check on how the various traders are performing with a particular broker is one of the best ways to know a broker’s authenticity. Forex is a highly fluctuating market and to ensure profits one requires having a really keen eye and a really honest forex broker.

Forex trading is a risky business and requires a lot of experience and skills, to earn profits over a long term period. Hence it is highly important that the new traders must check the genuineness of a broker to experience a non-stressful forex trading environment.

List of Genuine Forex Brokers
1. Forex.com (Gain Capital)
2. FXpro
3. Swissquote Bank
4. Oanda
5. Interactive Brokers
6. Dukascopy
7. City Index
8. LMAX
9. FXCM
10. Saxobank
11. Admiral Markets
12. ThinkMarkets
13. EasyForex
14. HY Markets
15. ADS Securities
16. FXDD
17. ATC Brokers
18. LCG
19. ActivTrades
20. IC Markets
21. Synergy FX
22. IG
23. CMS Forex
24. AxiTrader
25. Aetos
26. XM
27. Tickmill
28. AVATRADE
29. Exness
30. eToro
31. Plus500
32. Pepperstone
33. Global Prime
34. FXTM
35.
36.

List of SCAM Forex Brokers !ALERT!
1. LiteForex
2. GSM Financial Group
3. RCFX
4. Maxim Trader
5. ODFX
6. TriumphFX
7. WFX
8. Eu Trading Group EUTG (NewTradeFX)
9. IBS
10. FXUnited
11. YouTradeFX (EUTG)
12. UFXMarkets
13. GVF
14. TP Eagles
15. Efzinitus
16. IGOFX
17. Vortex Assets and VFX Premium (Eu Trading Group)
18. KBFX
19. JJPTR
20. SFX Markets
21. FXMAC
22. Nordhill Capital
23. Otex World
24. ikoFX
25. FXcoliseum
26. FXCitizen
27. Capital Foster Advisor
28. IIB International Broker
29. PTFX
30. Sentratama Investor
31. HotForex
32. Xtrade
33. iiinvestments
34. Exia International Group
35. MYS CAPITAL (SFX Markets)
36. Zurich Prime
37. Falconaire
38.
39.


In case you have invested or trading with any of the scam brokers above, try your very best to withdraw your money back ASAP. If you can't take out your money, file a report or complaint to your local regulator. In most cases, it does not help as scam brokers do not hold any licenses and end up regulators unable to trace them.

Feel free to share your experiences with any other brokers and allow us to add on to above lists.

Based on all the information we provided, i hope it helps new FX investors or traders to differentiate and identify real/scam FX.

We welcome everyone who required due diligence or advise to check the genuineness of a FX brokers. After all, it's FOC.

Moderator, please do not move this topic to join with general Forex spread as it will served as a WARNING to those new to Forex. Thank you.