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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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Equity
post Feb 26 2020, 12:11 AM

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From: Penang



QUOTE(Victorng13 @ Feb 25 2020, 08:51 PM)
no need to hidden the name.. transparent it.. learn from expert such like you, anyway i never name expert except you.

since you master digging through the net.. find more VC or PE forex traders & share to us.

Thank you
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What are you looking for Victor? 1st you came here to promote scam triumphfx. Then you looking for names?
Equity
post Feb 26 2020, 08:42 AM

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QUOTE(jack2 @ Feb 26 2020, 08:40 AM)
DrFX, how to kick this Mnet from this forum.
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Is it a Lowyat cyber trooper? Very annoying.
Equity
post Feb 26 2020, 09:16 AM

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QUOTE(jack2 @ Feb 26 2020, 08:45 AM)
Yes, he/she has been cyber trooper since 15 years ago but admin/staff can't do anything to her/him/himher.

We need to gather people to report him/her in order to kick him out.
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May be Lowyat forum used him/her to keep forum active.
Equity
post Feb 26 2020, 09:18 AM

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QUOTE(MNet @ Feb 26 2020, 08:25 AM)
the website slow because many ppl accessing it mean its popular high traffic.
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Very misleading information by this cyber trooper.
Equity
post Mar 1 2020, 11:58 PM

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QUOTE(Bypasser02 @ Feb 27 2020, 02:58 PM)
Thank you for your reply. By the way, there is some of my friend were using XM as their broker. Is this broker legit? They functioning like gambling website where first log in get 30 credit and they doing promotion now by giving out additional 50% credit for everything fund you deposit.
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It's not a scam but it's not a good broker.
Equity
post Mar 19 2020, 10:02 PM

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QUOTE(tinge123 @ Mar 19 2020, 10:26 AM)
Hi I am the investor from Vesbolt-Terry. Yesterday my account was burst. Well done Terry !!!

Who ever want to invest with Terry. please think twice.

If anyone would like to learn about forex & trade your self , please let me know.

Below was my own trade result.
https://www.forextime.com/strategy/Lowrisk2010
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Hi Cassey Hong,

Thank you for your kind message here.

We offered multiple portfolios investment with different risk and returns. Regretfully, you have invested on the highest returns and high risk strategy. The Middle East trader unable to coup with extreme financial crisis market. We also encourage investors to choose your risk appetite wisely and diversify your funds. Unfortunately, you preferred the high returns portfolio strategy.

There is no perfect strategy with high returns and low risk. Many traders faced difficulties with this high volatility market including FX, Stocks and even Crypto traders.

If you cant take the risk of losing your investment, you should not choose a high risk high returns strategy or invest on FX. However, the trader has been consistently generating profits for past 2-3 years. I hope you did some profits withdrawal from time to time.

We have some others portfolio strategies that perform during this insane market conditions. Feel free to check it out.

WARNING: PAST PERFORMANCE DOES NOT INDICATE THE FUTURE RETURNS.


Equity
post Mar 20 2020, 05:02 PM

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QUOTE(tinge123 @ Mar 20 2020, 04:42 PM)
Hi Terry,

I try to talk to you, I want to without my capital for twice but you keep advise me to stay on it. Let the trader do their part. I thought I was wrong & try to believe what you said. At the end, I got my burnt account. This investment with  5 - 10 % return but the max risk was 100% burnt all my capital. You told me every investment got the own risk, but for yours investment, with 1+% return & max DD 100%.

Money games also give stable return with minimum risk but we all know it will burnt up the account.

High risk = Max DD 100% & didn't think about ours investor capital at all.

I thought you are different from other but at the end burnt all. All my hard earn money burnt like that. bangwall.gif  bangwall.gif  bangwall.gif
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Hi Cassey Hong,

I just advise based on my profession doesn't mean i can predict what happened or control the market. I am not the trader as well. I never guaranteed anything. Do i? You can insist to stop trading and withdraw. That's your personal account, we did not hold your fund. Your account is trading under Pepperstone.

You should continue play money game or fake Forex. I can't provide any guaranteed investment if you want high returns and low risk. We have many portfolio strategies, why do you choose the highest return which has high risk? You never complain nor withdraw while making profits but blame when you loss your investment. Typical small investors.

Risk and rewards are always balance. Choose wisely. Past performance does not indicate the future returns. We have 6 other portfolio strategies that making profit during the crisis. But they are not the high returns strategy. You may not like it. I always encourage investors to diversify your fund to different portfolio strategies for better risk management. Unfortunately, you preferred invest all your fund on the high returns strategy.

This post has been edited by terrytan: Mar 20 2020, 05:26 PM
Equity
post Mar 20 2020, 05:52 PM

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QUOTE(King6019 @ Mar 20 2020, 05:29 PM)
The day before my account burst the Vesbolt admin recommend me to top up some capital. At first i plan to top up but in the end i didn't top up because i got the feeling that even i top up if the fund manager trading style still remain like this no matter how many capital i top up in the end it will also blown up. Open 0.01 lot size trade also can blown up even got 1,500 USD capital. Really speechless. Luckily i didn't rush to introduce to others or else i kena diao by them.  doh.gif

Ya you were right. The website description is totally not same with the fund manager trading style. Feel like kena tipu again... bangwall.gif

Nowadays really hard to find realiable PAMM & MAM fund manager with good reputation broker.. sad.gif
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Hi Tang Kah King,

I believe the admin do her work base on the trader advise. You have the complete control and option whether to top up or not. We never force.

Can i know which part tipu? Drawdown? Web site details are base on traders accounts past performance. We also mentioned that past performance does not indicate the future returns and also encourage diversify when you select your portfolio strategy.

I think something is wrong if you dont know FX investment is an high risk investment. You will end up here complain and blame even the drawdown is 50%.

We provide a genuine FX investment platform but we cant guaranteed traders performance. We are facing high volatility 10 years financial crisis. We have terminated the trader service.

Trading foreign exchange, spot precious metals and any other product carries a high level of risk to your capital and you should only trade or invest with money you can afford to lose. We encourage you to consider your investment objectives, your risk tolerance and trading experience when deciding to deal in Vesbolt Ltd. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose.
Equity
post Apr 3 2020, 07:12 PM

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QUOTE(WJC 8991 @ Apr 3 2020, 04:56 PM)
user posted image

DrFx, May I know how about this company? Since their company name is end with Berjangka, but they put futures behind
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Hi WJC 8991,

Have a look on the list. https://forum.lowyat.net/topic/3774126

Sentratama is on DrFX SCAM list No. 41.

This post has been edited by terrytan: Apr 3 2020, 07:14 PM
Equity
post Apr 4 2020, 04:22 PM

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QUOTE(wss81 @ Apr 4 2020, 11:24 AM)
I heard gold tinkle goodbuy......same method as midasama and mia......account burst
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Cant last long due to MCO. They need fresh money to sustain.
Equity
post Apr 8 2020, 09:33 PM

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QUOTE(kuladruw @ Apr 8 2020, 01:12 PM)
CODE
there are too many fx broker but i put here for info only, Indonesia Regulator

http://www.bappebti.go.id/
https://www.icdx.co.id/
https://www.ich.co.id/home
Futures broker list : http://bappebti.go.id/pialang_berjangka
Futures broker list : https://jfx.co.id/en/membership/pialang
Broker members : https://www.icdx.co.id/menu-indonesia-commodity-and-derivatives-exchange/membership/member-of-icdx


in my opinion, wont recommend use any broker based in Indonesia even though they are regulated by local authority. Government effectiveness Indonesia ranked at no.75, cases like bribe few thousand and probably can buy license easily, regulation is not effective and company allowed to do anything as their wish. reference : post no.2796
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Why would Malaysian believe in Indonesia platform? Some how i cant understand the logic.
Equity
post Apr 8 2020, 09:57 PM

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QUOTE(yapth11 @ Apr 8 2020, 04:54 PM)
Hi, was approached by someone to trade gold on Mahamudra. At first i wasnt told which platform(asked but was avoided) till she got me registered with my IC and ATM card number(thinking she wont be able to withdraw anything), so with the registration approval email received with my username, password, MT4 download link and of coz the deposit link too. Two things i found suspicious before i make any deposits into it:
1) I'm not able to register from their official website as the server's IP was not found.
2) Account set up with my ATM card number and not with my ACCOUNT Number, maybank swift code not tally. SO i dun think they will be able to deposit any money to me at all.
Correct me if I'm wrong
<a href='https://pictr.com/images/2020/04/08/5R2GOj.md.jpg' target='_blank'>https://pictr.com/images/2020/04/08/5R2GOj.md.jpg </a>
<a href='https://pictr.com/images/2020/04/08/5R2Val.md.jpg' target='_blank'>https://pictr.com/images/2020/04/08/5R2Val.md.jpg </a>
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Dont gamble your money with unknown broker. There are plenty of good brokers out there.
Equity
post Apr 12 2020, 05:59 AM

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QUOTE(riotx @ Apr 10 2020, 11:59 AM)
Hi all sifus, fullerton is also under scam list?
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It seems so. They are unregulated.
Equity
post Apr 14 2020, 02:59 AM

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QUOTE(1tanmee @ Apr 14 2020, 01:20 AM)
What about fxpro.com ? If legit, can deposit/withdraw money from local Malaysian banks?
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You can try Pepperstone. One of the top FX brokers in the market now. https://trk.pepperstonepartners.com/aff_c?o...40&aff_id=16162

It has UK and Australia license as well as local deposit/withdrawal via local Malaysia banks.
Equity
post Apr 15 2020, 05:38 PM

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QUOTE(1tanmee @ Apr 15 2020, 05:03 PM)
this is good to know, tks for sharing. Wonder if can deposit/withdraw money from local Malaysian banks?
This includes Maybank, I hope?
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Yes included Maybank, Public Bank, CIMB Bank, Hong Leong Bank, RHB Bank...
Equity
post Apr 16 2020, 12:01 AM

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QUOTE(hellkvr @ Apr 15 2020, 09:55 PM)
hello all, my fren intro me tickmill,
anyone using?

im new and dunno which one to choose!
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You can try Pepperstone https://trk.pepperstonepartners.com/aff_c?o...40&aff_id=16162 if you wish to have your account under tier 1 regulation Australia ASIC with high leverage.

For Tickmill, it's a legit broker but your account will be under Seychelles which is offshore if you need higher leverage.
Equity
post Apr 19 2020, 06:21 PM

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QUOTE(kuladruw @ Apr 14 2020, 11:30 PM)
i just come across this broker, https://www.straitsfinancial.com/id/en/contact
regulated and global based, it has a branch in Jakarta. so not all indonesia is scam  tongue.gif
CODE
PT Straits Futures Indonesia
(A Member of the CWT Group)

Sampoerna Strategic Square
South Tower Level 22
Jl. Jend. Sudirman Kav. 45-46
Jakarta, Indonesia 12930
Tel: +6221 5795 2355
Customer Care:
Tel: +6221 5795 2355 Ext. 203

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You never know. Majority are. They love to come up with another offshore firm and run fake manipulated platform.

And there are so much tier 1 brokers, why would Malaysian go for Indon platform? Yes uneducated innocent investors.
Equity
post Apr 19 2020, 06:23 PM

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QUOTE(kuladruw @ Apr 18 2020, 06:41 PM)
btw, OctaFX still promoting their managed fund service around facebook

CODE

Arlear Inc OU - Registration No. 14459825
Harju maakond, Tallinn, Lasnamae Linnaosa, Sepise tn 9 // Valukoja tn 8-110, 11415, Estonia.

Octa Markets Incorporated - Registration No. 19776 IBC 2011 - https://www.octafx.com/
Suite 305, Grifth Corporate Centre, Beachmonth, Kingstown, St. Vincent and the Grenadines.

Octa Markets Cyprus Ltd (HE359992) - www.octafx.eu
Cyprus Securities and Exchange Commission (CySEC) - 372/18

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OctaFX started as an offshore broker. I personally wont recommend trading with this broker.
Equity
post Apr 19 2020, 06:25 PM

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QUOTE(kuladruw @ Apr 8 2020, 09:23 PM)
Mahamudra Group Limited
a Seychelles-based Company & St. Vincent and the Grenadines
also claimed to be Australia ASIC regulated but missing AFSL number & FINTRAC number

https://mmdfx.com/about-us

Very High risk, and theres no proof real trading is carry out when based in offshore. try ask them use legit broker which has PAMM

example :
https://www.icmarkets.com/sc/en/forex-trading-tools/mam-pamm
https://www.etoro.com/copyportfolios-partne...folios_partners
https://keytomarkets.com/en/pamm-account/social-pamm/
https://www.darwinex.com/investors
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Some of these brokers offer social trading platform which similar to copy trade. IC Markets does not offer social trading nor managed account themselves.
Equity
post Apr 22 2020, 04:18 AM

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QUOTE(kuladruw @ Apr 22 2020, 12:39 AM)
is CK Ltd a forex training academy and which broker they recommend?
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Tradesto is their partner in crime.

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