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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 Apr 22 2020, 04:23 AM

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QUOTE(DrFX @ Apr 22 2020, 04:13 AM)
Money make most of the greedy people turned into darkness. They do not care you are brothers or sisters.
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Lucrative commissions are the main reason that leaders/marketers turn into these type of ponzi scheme FX. devil.gif They will boycott you if you warned them even you are their best friend. They either blindly believe the fake Forex is real or they knew one day it's going to collapse.

bangwall.gif
Equity
post Apr 25 2020, 08:46 PM

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QUOTE(Devolle @ Apr 25 2020, 02:57 AM)
I'm writing this just to confirm my suspicion that Fullerton Markets is indeed, a scam.

I was approached in Feb 2020 by a close friend who is an introducer and opened an investor account at Fullerton Markets. Deposited a minimum amount and observed some earning through their daily micro-transactions strategy for a couple of weeks. Some day in March 2020, I observed that all my funds was invested in complete losses within an hour. After inquiring, explanation given was due to a admin mistake at their end, the stop loss function didn't work. All my friend's and my account ended in the negative.

The investor account manager info.kwgroup@gmail(dot)com later explained that they will do internal audit and will try to recover our last balance, which, are all bullshit as they no longer respond to our polite emails that requesting for status update.

In my opinion, this is a smart arrangement as Fullerton Markets can always claim that they are merely the trading platform and is not responsible for the investor accounts. I was fooled by their cleverly arranged website and affiliate referrals.
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Never deposit or invest on unregulated/offshore FX platform.
Equity
post Apr 29 2020, 11:19 PM

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QUOTE(Wseng123 @ Apr 29 2020, 01:28 PM)
Hi, just started to trade demo since 3months ago.
Wanted to find a low spread broker.
Currently seeing Axitrader. Are they good ?
Any recommendations ?
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AxiTrader is an Australia regulated broker. However, i am not sure your account is under AxiTrader ASIC or offshore.

You may also try Pepperstone https://trk.pepperstonepartners.com/aff_c?o...40&aff_id=16162 , one of the top Australia regulated broker and your account will be under Australia ASIC. Select Razor account for low spread account.
Equity
post Apr 29 2020, 11:21 PM

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QUOTE(adh5969 @ Apr 29 2020, 04:50 PM)
hi all, if wanna fund in 20k usd, which broker is reliable?and fast withdrawal to local bank. thanks
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Hi adh5969,

You may try Pepperstone https://trk.pepperstonepartners.com/aff_c?o...40&aff_id=16162 . Your deposit is medium size, thus recommended to trade under tier 1 regulation. They offer local deposit and withdrawal within 1-3 working days.

Unless you need Singapore local bank deposit, then i can recommend you another ASIC broker who offer Singapore bank account deposit and withdrawal.

This post has been edited by terrytan: Apr 29 2020, 11:22 PM
Equity
post Apr 29 2020, 11:34 PM

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QUOTE(adh5969 @ Apr 29 2020, 11:33 PM)
Hi terrytan, if I use rhb bank deposit, the withdrawal is to my rhb? or can be other bank? like public bank?
btw, which type of account should I choose? standard or razor?
thank for yr reply
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Can be other bank account under your name.
For low or raw spreads, go for Razor account.
Equity
post Apr 29 2020, 11:44 PM

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QUOTE(adh5969 @ Apr 29 2020, 11:42 PM)
if we frequently withdrawal from pepper stone, our bank will question us?
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Bank will not question any local bank transfer transactions.
Equity
post Apr 29 2020, 11:51 PM

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QUOTE(adh5969 @ Apr 29 2020, 11:49 PM)
mean pepperstone have register company and bank account in msia?
I thought our deposit will go to Australia national bank.
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Yes, they also appointed licensed money remittance service to provide local deposit/withdrawal.

For international wiretransfer, yes, your fund will have to send to Australia National Bank.

Most of the local banks will questions on incoming wire transfer unless you have regular transactions.
Equity
post Apr 30 2020, 05:10 PM

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QUOTE(Aristotle666 @ Apr 30 2020, 12:47 AM)
Hey Terry,

How long does it take for pepperstone to process withdrawal?
And also what about their spread etc?

Cheers
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Raw spreads. EURUSD 0-0.2pips.

Withdrawal process within 1-3 business days.

Please register with this link.
https://trk.pepperstonepartners.com/aff_c?o...40&aff_id=16162
Equity
post May 2 2020, 06:41 PM

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QUOTE(timteo @ May 2 2020, 03:26 AM)
Btw Terry,

between pepperstone and plus500, im unsure which broker i shld go for. like is it okay to just put in factors like the fees on withdrawing via wire transfer, commisions etc? 
cuz like plus500 has no charges like that. so like yea.. im not sure if im missing anything out
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Hello Timteo,

I didnt try plus500 before, thus cant comment much.

You need to find out which jurisdiction your plus500 account under if you trade with them. For Pepperstone, it will be under Australia ASIC.

I work with more than 10 brokers. So far Pepperstone spreads are very competitive and they offer local deposit/withdrawal. I think this is the advantage for Malaysian.

Make sure you open a Razor account with this link https://trk.pepperstonepartners.com/aff_c?o...40&aff_id=16162 to get the best spreads.

This post has been edited by terrytan: May 2 2020, 06:42 PM
Equity
post May 2 2020, 07:09 PM

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QUOTE(terrytan @ May 2 2020, 06:41 PM)
Hello Timteo,

I didnt try plus500 before, thus cant comment much.

You need to find out which jurisdiction your plus500 account under if you trade with them. For Pepperstone, it will be under Australia ASIC.

I work with more than 10 brokers. So far Pepperstone spreads are very competitive and they offer local deposit/withdrawal. I think this is the advantage for Malaysian.

Make sure you open a Razor account with this link https://trk.pepperstonepartners.com/aff_c?o...40&aff_id=16162 to get the best spreads.
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We also work with LMAX, AIMS, FXTrading, TradeMax, LCG, ICM, ATC, ThinkMarkets, MEX and Swissquote. icon_rolleyes.gif
Equity
post May 5 2020, 01:44 AM

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QUOTE(Ananais @ May 5 2020, 01:06 AM)
Hi everyone and experience sifus,

May I know does anyone come across this Auvoria Prime?

This is their website

https://auvoriaprime.com/about-us/#team
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Never heard of. Seems like selling some indicators or apps. Anything special about it?

This post has been edited by terrytan: May 5 2020, 01:44 AM
Equity
post May 5 2020, 05:04 PM

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QUOTE(Ananais @ May 5 2020, 02:34 AM)
I did some research. It seems like a forex scam.

https://behindmlm.com/companies/eaconomy-fi...training-order/
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Western style of FX scam.
Equity
post May 18 2020, 06:24 PM

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QUOTE(ggzfeng @ May 18 2020, 06:11 PM)
Want to ask is there any trusted fund or assets recovery company recommended? My relatives got scammed by OlympusFX and I tried to contact atlasglobalrecovery company but there's a review saying that they are a assets recovery scam company.
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Never trust those recovery firm. It’s a scam.
Equity
post May 20 2020, 06:55 PM

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QUOTE(kuladruw @ May 19 2020, 12:03 PM)
the company name registered with CGSE is "Mahamudra Company Limited"", you are "investing" with a company with slightly different name Mahamudra Group Limited.

HK company search has 2 different record
CR no 2873461 - Mahamudra Group Limited
CR no 2338521 - Mahamudra Company Limited

You are not investing with company accredited by CGSE, so there is only fake trading. the reason people invest because they lost their judgement and rationality after promised of getting high return, thats why scam always work, carried away by your own greed.
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For Indonesia FX SCAM, usually ALL of their companies or subsidiaries with slightly different name are owned by the same boss. They couldnt get much business from domestic, thus they launched scam projects to lure foreign investors into it and mislead the innocent that all companies are licensed and protected under Indonesia.

This post has been edited by terrytan: May 20 2020, 06:56 PM
Equity
post May 24 2020, 04:31 AM

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QUOTE(Alissa_1989 @ May 23 2020, 03:39 PM)
May I know which broker has Labuan STP licence? Can we using that broker to trade ?
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You can try below 2 brokers that have Labuan license.

ICM
https://track.icmcapital.com/?t=3ggDME8aWNJV

AIMS
https://cp.aimsfx.com/home/login#/register/...referrer=613928
Equity
post May 27 2020, 09:51 PM

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QUOTE(neverfap @ May 27 2020, 09:47 PM)
But can find in this site. https://asic.gov.au/
Not sure if it's the same company  sweat.gif
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Yes, it is the same company but not Australia AFSL license. It's a basic foreign company registration.
Equity
post May 27 2020, 10:30 PM

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QUOTE(neverfap @ May 27 2020, 09:57 PM)
Ohh, understood
Thank you smile.gif
Some friend introduced me to this CK thingy too,
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You are welcome, neverfap.
Equity
post May 27 2020, 11:22 PM

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QUOTE(tradercyber @ May 27 2020, 11:19 PM)
vesbolt gain 2-5 % per month?

better self trading
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We are looking for well performing traders like you who has long track records. Would you like to join us as trader to earn extra income?

Do you have 2 years track records? If yes, we want you. You can earn performance fees from our funds allocated to your trading.
Equity
post May 27 2020, 11:39 PM

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QUOTE(tradercyber @ May 27 2020, 11:26 PM)
how much ur performance fees
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VESBOLT charge 25% performance fees on investors profits.
Equity
post Jun 1 2020, 08:23 PM

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QUOTE(DrFX @ Jun 1 2020, 08:20 PM)
Any genuine investment products in the market involve risk. No matter comply to GIPS or not, there is no guaranteed.
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Vesbolt is providing managed accounts services with multiple portfolio selections which very similar to eToro, zulutrade, etc. Non of them are comply to GIPS and not necessary. Please bear in mind, Forex is high risk trading. If you are looking for GIPS, then you need to go for traditional mutual funds, insurance, bank investment, however, do they guaranteed your investment with GIPS? No, there are investors who suffered 20% losses investing in mutual fund which comply to GIPS.

It is alternative investment to conventional investment that offered by banks and funds. Higher risk and higher returns but genuine. We are not the enemy of GIPS compliance investment institution but we want to offer investors an alternative options instead of Forex SCAMs that operating as money game with fake trades.

This post has been edited by terrytan: Jun 1 2020, 08:32 PM

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