Vanuatu license only cost few thousand US dollar and guaranteed approval within 1 month without any strict requirement. So basically it's a toilet paper license. Usually only SCAM FX brokers will take it as a tool to cheat.

Play at your own risk.

Hi HamMerMer,

Falconaire is a 100% scam run by a group of SCAM FX syndicate including GVF, RCFX, KBFX, etc. They are running an unregulated fund which we called PONZI SCHEME or MONEY GAME. Probably some of you already know who are the famous SCAMMERS operating at the back.

AVOID IT AT ALL COST! IT's ON OUR SCAM LIST!

Hi MNet,

We are curious which broker are you comparing with. A friendly reminder, this thread is about encourage trading/invest with genuine brokers and warnings against SCAM FX.

We would suggest you to state which broker are you comparing with including the broker/bank license, investors protection, any introducing broker, platform, any additional facilities, public listed company or not etc.

In our opinion, we think it will be fair if you compare a big broker/bank with another big broker/bank. We shouldn't compare APPLE IPHONE with XIAOMI. If you like to use XIAOMI, you shouldn't complaint Apple Iphone is very expensive just because of the price. Apple Iphone lovers look for better quality, branding, user friendly and greater functionality.

We hope you understand what we are trying to point out here.

Hi fairylord,

Do not trade with instaforex if you can. It doesnt carry good license nor giving any investors protection.

instaforex is one of the bad market makers who gave away 100% of their spreads rebate to IB and purely make money from losing clients money.

Hi MNet,

Let us point you to the right direction and the correct your view of the entire FX brokerage markets.

We have the same thought as troller2. We thought you are very experienced, guess you were mislead by FX brokers marketing.

First of all, we never surprise Swissquote Bank is a market maker as a Bank and being a market maker is no big deal since 99% of the bank/brokers in the market are market makers.

As a market maker, as long as the bank/brokers do not purposely lose the traders/investors money by hanky panky plugin, it is completely fine. This is where the top licenses take place to make sure the brokers/banks comply to the rules and regulations. ALL Banks/brokers have the right to take in whichever trades they feel against their direction and pass the other trades to bigger banks unless they have huge volumes and balanced books.

Here is the right question: WHICH BIG BROKERS/BANKS ARE NOT MARKET MAKER? NONE!

Oh well, Pepperstone, if you don't mind, we would like to give a fair review on the broker. IT IS NOT A REAL ECN broker. Do not trust any brokers when they said they are 100% ECN or STP. Come on, the only way for them to make good money as a broker is B book (market maker). It is like a fairy tale when you think a broker is a STP/ECN broker.

Pepperstone is good in term of tight spreads, and bear in mind, we are not saying it is a bad broker. Google "Pepperstone complaints", you will find plenty of them. Not only Pepperstone, but almost every brokers.

http://www.forexpeacearmy.com/forex-review...pepperstone.com

We did have our real experiences trading with Pepperstone through one of our FX Strategist who tested scalping and short term trading on Pepperstone platform, eventually Pepperstone widen the spreads after the trader make good profits for a few months. So what does this tell you?

Both Swissquote Bank and Pepperstone are good brokers with their unique competitive advantage.

Thank you for reading.

This post has been edited by DrFX: Mar 20 2017, 12:31 AM

1:100 is industry standard. It is fairly accepted and better for risk management. The only disadvantage is for those trading with very small capital.

Forex4you does not hold any top tier license, so it is not advisable. The main reason is no investors protection given since investors will have to deposit funds to them and plenty of question mark on the performance show on the copy trades.

Hi J&J+Cs,

Forex4you is a NO.

Please provide us more information about MW Group.

Any myfxbook or live performance for all 3 funds? Are investors deposit funds to ADS Securities Abu Dhabi or UK?

We couldn't find much information on the web site.

We did not mentioned that Forex4you is a scam, nor recommend investors/traders to trade with Forex4you.

Not really. They misused clients funds to pay IB partners as referral incentive up to 30% of deposit.

Hi empire177,

Hotforex is s incorporated in St. Vincent & the Grenadines as an International Broker Company with the registration number 22747 IBC 2015.

There is no proper license, thus it is not advisable to trade or invest with Hotforex.

Recently, there are scam companies threaten lowyat to take down our thread in order for them to continue scam more victims.

Thanks to our dedicated moderators for supporting our effort to fight scammers. We are required to provide more information or testimonials for each scam companies listed on this thread. However, please be reminded that testimonials are way too late to fight scams, so we will provide the indication that why the companies are SCAM or POTENTIAL SCAM.

Indication of SCAMs:
1. FIX RETURN (SCAM)
2. Unregulated or offshore regulated brokers (Potential SCAM)
3. Lucrative upfront commission (SCAM)
4. No live trading view via platform (Potential SCAM)
5. Fix exchange rate for deposit and withdrawal (SCAM)
6. Cash payment or local deposit (SCAM) unless through regulated payment gateway.

This post has been edited by DrFX: Mar 30 2017, 07:50 PM

It's a scam, don't think so much. One would not sell their EA if it is so profitable. Any tight spreads or zero spread should come with trading commission unless you are trading with UBS, DB, JP Morgan, etc. HFT does not work on such retail platform.

http://mt5fxrobot.com/

This post has been edited by DrFX: Apr 1 2017, 04:05 PM

Kindly provide us more informations on both companies including their web sites, marketing materials, etc.

The Indonesia based broker on our list.

Are you talking bout FxGiants? It's not a top broker. It's an unknown broker owned by 3rd party license holder. You hardly see genuine U.K. Brokers offer high deposit bonus.

Beware of cloned broker as well.

This post has been edited by DrFX: Apr 2 2017, 09:54 AM

6 months performance records are too short to justify his trading skill. Many struggle to maintain good trading performance for long run. Look for those with 2-4 years trading track records.

His account is trading with Tradesto. A Malaysian owned broker that used to be unregulated. Check the account is under Vanuatu license or ASIC license. Some brokers like to confuse investors by showing manipulated accounts trading with Vanuatu but promoting themselves as ASIC broker.

Exactly.

Indeed, it sounds like scam or ponzi scheme with upfront commission payment and unknown offshore license.

Hi boy,

Big brokers like FXCM got their license revoke from US NFA does not represent SFX Market is doing legitimate business. If any wrong doing, the top regulated brokers will face the consequences being fined or revoke. What about SFX Markets? FREE to do anything without being fined and escape from facing any charges right? You see the different?

Boy, can withdraw or no problem with trades does not mean it is not scam. You have so much to learn. By the way, how do you know there is no problem with trades?