Welcome Guest ( Log In | Register )

263 Pages « < 71 72 73 74 75 > » Bottom

Outline · [ Standard ] · Linear+

 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

views
     
Wayne-Huai
post Aug 28 2018, 12:01 PM

New Member
*
Newbie
22 posts

Joined: Aug 2018

[/quote]


This post has been edited by Wayne-Huai: Aug 28 2018, 08:01 PM
Wayne-Huai
post Aug 28 2018, 12:17 PM

New Member
*
Newbie
22 posts

Joined: Aug 2018
yes

This post has been edited by Wayne-Huai: Aug 28 2018, 07:53 PM
jack2
post Aug 28 2018, 12:45 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(Wayne-Huai @ Aug 28 2018, 12:17 PM)
Investment: as long as our capital is growing, low risk, safe...  we do nothing, and FM is the one doing his job to grow our capital, why we want to kedekut to share profit with FM?

you guys dont even have business mindset...

pay 1 time 8.5%, then your account will grow with low risk and safe.

if you dont want then keep money in bank lo, die in bank.

kena charge 8.5% is too much, means you want people serve you well but no need to give service charge... weird la.. go to eat street food la if dont want to pay 10% service charge..
*
Low risk and safe? If you dare to put these words in your agreement that "your capital is protected with full refund should there be any margin calls occurred in the account". Then I invest.

Even the previous fxgoldmaster (trade gold one)... GG after 2 years with huge loss making.... all investors cried and went home.
Wayne-Huai
post Aug 28 2018, 01:27 PM

New Member
*
Newbie
22 posts

Joined: Aug 2018

[/quote]


This post has been edited by Wayne-Huai: Aug 28 2018, 08:01 PM
mukidi
post Aug 28 2018, 02:24 PM

Getting Started
**
Junior Member
64 posts

Joined: Aug 2018
QUOTE(Wayne-Huai @ Aug 28 2018, 11:01 AM)
[attachmentid=9995134][attachmentid=9995135]
This is the first FM i have met who able to make such good risk management.
Every trade only 10-30 pips, no floating trade.

I take this result because you can see the rm15k capital funding and first month result. this is my new smallest account.
*
thx for the info .. how about july & august ? can you also share the screenshots? is it still consistent? thx

because June trading is very different from Maxwell Global Trading (based on malaysia) even though they also use Janis as FM ...
I think if Janis got investors from many countries and broker and marketers(like UTS, GFS, MGT, etc), he should apply same trades,
maybe only seconds in time different

they lock fund 1 year, profit sharing 50:50 and also loss sharing 50:50
Equity
post Aug 28 2018, 03:51 PM

Equity
******
Senior Member
1,229 posts

Joined: Jan 2003
From: Penang



QUOTE(Wayne-Huai @ Aug 28 2018, 11:41 AM)
He is professional who trading for bank, of course he dare to share 55%~
So you better go to money la..20% ROI haha..
*
Professional traders will only charge 20-30% profit sharing in this industry.
Equity
post Aug 28 2018, 04:00 PM

Equity
******
Senior Member
1,229 posts

Joined: Jan 2003
From: Penang



QUOTE(zklim @ Aug 26 2018, 03:05 PM)
Anyone using Tickmill? Saw its under FCA UK but if want to register Malaysia its under Seychelles.
*
Yes we are IB of Tickmill too.

https://secure.tickmill.com/redirect/index....1050%26lang%3D2

That's right. For Malaysian, they accept under Seychelles only.

If you need better recommendation, let me know.
TSDrFX
post Aug 28 2018, 04:07 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(sabelt @ Aug 20 2018, 11:45 PM)
Any idea why BNM blacklist XM? Its cysec regulated anyway..
*
Most likely due to their major sales activities focus on Malaysia and they are not regulated in Malaysia. Regardless where the broker hold their license, if they run the business actively in Malaysia and BNM received complaints on their business conduct, eventually they will be on BNM blacklist. Similar to FXCM on Singapore MAS alert list even though they hold UK FCA license .

However, Malaysia is still considered a grey area for Forex industry.


TSDrFX
post Aug 28 2018, 04:08 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(fxbreaker @ Aug 24 2018, 11:07 AM)
Hi Harry, are you HarryT on myfxbook discussion? he state that he are "independent sales consultant" for MIA/Fintech  ( https://www.myfxbook.com/community/trading-...rison/1596263,4 )

If FintechFx is running business that not licensed by regulator, then it is illegal, since it is illegal then forget about segregated account and fund security.

are you sure FintechFx has all relevant licenses to operate as a broker ...
These are comparisons of REAL Forex Broker and NOT .. just based on license information from ASIC and NFA
ASIC :

[attachmentid=9987953]

https://search-afsl.com/Fxcm%20Australia%20...icensee/309763/ -> FXCM
https://search-afsl.com/Gain%20Capital%20Au...icensee/345646/ -> GAINCAPITAL
https://search-afsl.com/MY%20Group%20Fintec...icensee/493603/ -> FINTECH

OR
https://connectonline.asic.gov.au/RegistryS...lRegisters.jspx -> enter AFSL Number and search

NFA:
[attachmentid=9987956]

https://www.nfa.futures.org/basicnet/Detail...=8xWTPnTVRTw%3d -> Gain Capital
https://www.nfa.futures.org/basicnet/Detail...Dw0VT6Nt%2f8%3d -> OANDA
https://www.nfa.futures.org/basicnet/Detail...=z2oWG2ReIeI%3d -> Sample of CPO / CTA that Registered & Approved
https://www.nfa.futures.org/basicnet/Detail...W%2fJDVqYKUE%3d -> FINTECH (CPO / CTA not Registered)

As you can see .. FintechFX Has NO VALID FOREX BROKER LICENSE even the NFA Membership NOT APPROVED, and if even it approved, its license for CPO / CTA, not as forex broker.

So As FintechFX has no valid license, then your money is not regulated, no segregated account and NOT SAFE
*
thumbup.gif
TSDrFX
post Aug 28 2018, 04:10 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(fxbreaker @ Aug 24 2018, 11:36 AM)
Dear Friends,

Please read my previous post above, it's a evidence that FintechFx is not SAFE,

so while its still possible you should withdraw all you money back,

or if you feel you already have BIG GROUP in MIA, then just put minimum balance ($1000) so you still got "profit" from "trades" and network, of course this money sooner or later will be lost

Just FYI, MIA-FintechFx already gather more than $33M just from James Harrison Exclusive (JHe) program (minimum of $100K deposit X 330 members) plus money from regular member (minimum $1K deposits). So right now MIA has a lot of money is their pocket, they just need to find right excuse to blow the money up, maybe some excuse is that fintechfx do not have proper license.

So, just be careful guys .. and please inform your friends about this warning ...
*
Let's guess when it will game over. We guess early next year.
TSDrFX
post Aug 28 2018, 04:12 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(mukidi @ Aug 24 2018, 01:10 PM)
Does this mean If MIA + James Harrison change their forex broker to a Credible Genuine Licensed and Regulated Forex Broker the problem will be solved right?

So for all MIA members, especially on Manager / Agency Manager / Regional Manager level that read this thread, just push this issue to MIA Management.

It's very rational that MIA can change their broker, just like they have changed the broker from ODIN to FINTECH, so it's not hard to change from FINTECH to other broker like FXCM, OANDA, GAIN CAPITAL, INTERACTIVE BROKERS, just name all Credible Genuine Forex Broker out there.

Because if James Harrison is REAL, then ANY REAL FOREX BROKER will do, MIA+JH will still got 20%-40% of profit sharing.

But if MIA Management are reluctant to do the RIGHT THING .. it's a SIGN that MIA is a SCAM ..
*
We have mentioned that it's a SCAM, nothing more. They won't be so stupid to trade on other popular genuine brokers to expose themselves.
TSDrFX
post Aug 28 2018, 04:16 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(Wayne-Huai @ Aug 26 2018, 08:28 AM)
I found UTS is the best platform to invest so far. I visited Sentratama broker in Indonesia, I met the Russian Fund Manager, we sign agreement in Singapore, we met Russian Fund manager in Singapore OCBC bank.

If you want to invest, please do some homework. Google it, or go to visit what you gonna invest. Use eyes to see better than use ear to listen. UTS willing to share everything with you, and they don't ask you to transfer any fund to their company, they will only ask you to funding to your own broker account, it's safe enough.

UTS find a good Fund Manager, regulated broker, and let ppl invest. Of course they need to get some amount to pocket, everyone is profit in this cycle. Are you working without taking salary from your boss? lol! Do you think Fund Manager help you to trade for free? for sure must share the profit with him.

Please don't invest to any platform where is shady, not transparent.
Feel free to contact me if you want to know more about investment - (email: waynehcheah@gmail.com)
Willing to meetup in Singapore.
*
Hi Wayne Huai,

The moment you mentioned that you are invested on Sentratama broker. It's obvious that you are new to this industry.

It's on our SCAM list.

Meeting a Russian Fund Manager does not make him a genuine trader, he may just another "Paid" actor which very popular tactic among scammers.
aral3005
post Aug 28 2018, 04:17 PM

Regular
******
Senior Member
1,102 posts

Joined: Jul 2008
From: Kuala Lumpur
Parking for future reference
Equity
post Aug 28 2018, 04:26 PM

Equity
******
Senior Member
1,229 posts

Joined: Jan 2003
From: Penang



QUOTE(zklim @ Aug 27 2018, 08:25 AM)
How can I withdraw more than what I deposited in Pepperstone with debit card?
*
You may withdraw back to your bank account directly since debit card linked with your bank account.
TSDrFX
post Aug 28 2018, 04:32 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(Wayne-Huai @ Aug 27 2018, 03:05 PM)
Hi bro, thanks for your good questions.

You have to know, UTS is just a stand alone agent company, they only provide this investment service for investors, they only playing a role to bring investors come in to let fund manager to trade, by using certain broker, they have no right to publish any info of broker/fund manager on their website. Therefore, investors need to do their homework to check the broker's and fund manager's background.

Investor's question: UTS only tell verbally, is that true? It could be fake? or scam? like money game.

So, UTS able to make arrangement for investors to visit broker/fund manager, this is what money game outside cant do it.
All your questions above, are not decided by UTS, but Fund manager/broker.

1) Minimum RM15k (USD3k), it seems so much for malaysian, because RM15k, but for fund manager it's only 3kUSD, 3%-8% is very less for him.

2) locking period (decided by broker): 6 months, only capital will be locked, this is to prevent money laundering, no matter which broker(regulated) out there, must have anti money laundering policy. If there is no money locking period, people will money-laundering by funding big amount and withraw frequently through this platform.
Your upline told you about this? No such thing in this industry. The only locking period allow is on Mutual fund or Hedge Fund. Others majority are scam.

3) profit sharing(decided by fund manager): 45%(investor) 55%(FM), (3%-8% is the 45% profit sharing)
No choice, the fund manager is famous, he wants to get more profit compare to other, UNLESS investor invest very large amount such as RM400k above, then profit sharing will be investor much higher profit than FM, (with a Contract between FM and investor, to secure investor). No one can do this out there.
Apparently we do not know who is this fund manager. Who told you he is famous? Well may be he is, but famous manager will trade with big brokers, definitely not Sentratama or any unknown broker. Another scam trick?

Commision fee(UTS): this is the only fee for UTS, no one will provide free service, right? you will not work for free for your boss, right?
So, 8.5% of capital will be deducted (only 1 time, only new funding), other than that, no further fee.
I think my answer could help you a lot.
feel free to contact me. email: waynehcheah@gmail.com
*
When you hear a lot funny excuses and sales tactic, usually it's a SCAM. Nothing more, but SCAM.
Wayne-Huai
post Aug 28 2018, 04:33 PM

New Member
*
Newbie
22 posts

Joined: Aug 2018

[/quote]

This post has been edited by Wayne-Huai: Aug 28 2018, 08:02 PM
TSDrFX
post Aug 28 2018, 04:35 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(Wayne-Huai @ Aug 28 2018, 12:01 PM)
[attachmentid=9995134][attachmentid=9995135]
This is the first FM i have met who able to make such good risk management.
Every trade only 10-30 pips, no floating trade.

I take this result because you can see the rm15k capital funding and first month result. this is my new smallest account.
*
Many FAKE FX trading like to sell with screenshot instead of trading statements.

No matter how you sell, the moment you are using a lousy broker, that's the end of your story here.

We OFFICIALLY list UTS on SCAM list.
TSDrFX
post Aug 28 2018, 04:37 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(Wayne-Huai @ Aug 28 2018, 04:33 PM)
Thanks for your info.

We met him in bank, his office, the moment he trade.

is bank also an paid actor? hmm..
*
Did he show you his name card under Singapore bank? Please feel free to show us here.
TSDrFX
post Aug 28 2018, 04:47 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
Guys,

Remember there is once our thread closed in the initially stage?

It's Sentratama who threaten to sue Lowyat.net due to our alert post. Eventually we found they are raising fund with an unregulated firm instead of Indonesia license broker. Lowyat.net admin reinstated this thread and we are able to help many potential victims.
Wayne-Huai
post Aug 28 2018, 04:55 PM

New Member
*
Newbie
22 posts

Joined: Aug 2018

[/quote]


This post has been edited by Wayne-Huai: Aug 28 2018, 08:02 PM

263 Pages « < 71 72 73 74 75 > » Top
 

Change to:
| Lo-Fi Version
0.1969sec    0.47    6 queries    GZIP Disabled
Time is now: 11th December 2025 - 12:53 AM