wow.. this thread is interesting...

buy pop corn to watch

you may not realize , the thread hits 10k views now, last Fridays was 8k views.

Hi DrFx, i am also a recent investor of IGOfx, i always think these things is too good to be true, but i go for it after i saw the verified profile of Vladislav, i would like to volunteer to help you investigate into this matter, i am also seeking the answer, please let me know how can we do this, PM me, thank you

How did you initially fund your account? Was it through bank wire transfer or local depositor?

Hi Dr FX,

On Jan 6, 30% (as IGOFX announced on the cabinet account page) of investors investing through Vladislav suffered opening failure with their MT4 platform. The company did however reimburse all affected investors with their respective amounts that would otherwise be earned through the 5% gain on that day. Could this be part of the intended or purported strategies to gain investors' confidence using fake trading report again and funding through new funds received? It's fishy since almost everyone (instead of just 30%) from our Wechat group had the same issue but was happily reimbursed though.

Japin

Hello Japin,

Usually these special cases only happened on SCAM brokers where there are no real trades being sent to liquidity provider. They are generous to reimburse the profits on affected accounts to gain your confidents. There are no actual profits but money from new investors. The ball will keep rolling until they decided to stop.

Thank you for your kind volunteer.

Thanks, Dr FX. Will get out ASAP and alert my other group members too.

What about TPEAGLE, I also have investment through this company but making me worried also since I saw it listed under your alert list.

Japin

Interesting point of views. Learned a lot from it. Quick question, how bout Tradesto?

good info..

igofx mostly is intentionally to scam.

You try to open the manager account and you will know.

IGOFX - A shady broker and should not be defended for. Whoever does and receives sceptical views, it is not unexpected.

How to scam in Myfxbook - A broker registers an account in Myfxbook. Manipulates the trades/prices from the broker's side and everything will be updated in Myfxbook. People who see it would think traders like "Vladislav" is a real trader and not a trick done by the broker.

Edit: Not saying "Vladislav" is one tough.

This post has been edited by troller2: Jan 11 2017, 02:53 PM

Can you explain further please ? Thanks.

Rules of Thumb in identifying Fake and Legit.

Can you view the live trades in MT4 24hour? -> Yes -> Is most of the trades last for at least 1 hour? -> Yes -> Legit

One no above is confirm scam!

Looks like JJPTR/FxUnited/IGOFX did not fall in above category -> Withdraw all ASAP -> After this post Hell may break lose so act ASAP!!

look like drfx know everything but for me nothing special...
i'm trader for 9 years exp.

1. fxcoliseum is not a broker .. hanya tempat copy trade antara broker. so dia bukannya scam sebab bukannya broker.

2. broker kebanyakkan yang list dalam scam adalah malaysia base company seperti mocaz igofx premierfx essencefx dan sebagainya adalah local broker. local broker susah untuk dapat regulated dagi negara luar. iadisebabkan banyak halangan seperti mahukan jumlah wang yang besar seperti new zealand perlukan 1 million nzd untuk regulation dari nfz... apakan lagi regulation dari negara europe yang lain.

3. ya memang benar company2 yang ada regulation dari europe uk atau australia adalah yang terbaik tapi hanya broker2 base europe senang dapat sebab mereka mempunyai client yang ramai dan companynya besar dan mempunyai investor untuk company dengan jumlah yang besar. tidak bermakna broker yang kecil kecil ialah broker scam disebabkan mereka tidak ada fund yang besar untuk dapatkan regulation dari negara luar.

4. walaupun broker kecil dari malaysia tapi mereka menjalankan pernigaan dengan baik. mereka bayar semua withdrawal walaupun besar sebabnya credit usd yang withdraw tadi akan di beli oleh trader yang lain atau fund yang broker bayar mampu untuk bayar trader.

5. xm juga retail broker dimana keuntungan diambil dari lost trader buaknnya dari spread. kalau tidak tahu apa itu retail broker sila google. retail broker kita dapat lihat dengan bonus yang tinggi diaman sekiranya akaun negative broker tidak rugi dan trader juga tidak rugi. trade hanya di server broker bukannya di liquidity provider. broker mampu membayar komisyen yang besar kepada ibnya di malaysia.

6. sebenarnya regulated broker dengan badan badan besar tidak membenarkan adanya local depositor maka exness xm insta dan broker2 yang genuine broker yang dilistkan diatas yang ada local depositor diamalaysia adalah tidak regulated atau pun regulated dengan badan2 kecil. local depositor hanyalah untuk memudahkan trader untuk membuat deposit ke broker. ianya perantaraan antara trader dan broker.

sekiranya tiada local depositor duit mesti melalui tt atau credit card yang memberi masalah kepada trader pada satu masa nanti. sebab ianya dibawah amla apabila duit keluar masuk luar negara terlalu banyak. sekiranya trader withdraw 100k usd melalui tt adalah ianya lepas? adakah selamat? saya ada kawan akaun banknya dipaksa close oleh standard charted bank sebab kes withdraw dari oeversea (TT) dengan acap kali.

mengenai igofx... akaun fund manager itu legit dan betul... saya sudah lihat tradenya dgn menggunakan broker yang drfx guna xm... cuma money management dan pips yang diambilnya sedikit2 pada setiap kali trade. sebab tu emosi dan money management adalah penting untuk consistant trading yang tidak ada kepada 95% trader seluruh dunia.

banyak saya ingin cakapkan disini tapi walau banyak mana saya cakap banyak juga argue daripada drfx.

dalam setandan kelapa tak semuanya elok dan tak semuanya tak elok. broker dimalaysia di terlalu banyak...9 tahun dulu marketiva yan gpaling popular dan sekarang bertambah banyak dan ada yang mengambil kesempatan untuk scam menggunakan jenama forex.

yang real forex ini pula yang busuk namanya.
jangan trade di forex yang menawarkan fix ROI iatulah scam seperti fxunited GWG jjptr dan sebagainya. copy trade tak salah. banyak copytrade yang ada di broker kamu pilihlah yang mana satu yang kamu suka.

95% lost dalam forex trading... trading is high risk.. so follow trader yang 5% yang consistent win.

You are infomative like wikipedia , but also brainless like wikipedia. Why, because you don't know to analyze the information. You keep focusing on the unimportant and insignificant logic and reasons, but do not question on the primary point.

You emphasized that unregulated broker is not a problem because they just not enough fund to register becomes regulated broker, and furthermore as long as they allow you withdraw, people should trust these brokers. I would say the logic you gave have severe problems and misleading public.

You purposely do not want to highlight the most impotant point such as "what happen if a forex broker closed the shop and run away, what is the warranty on that? " . This is a headshot to die problem of investor regardless the trading skill.

One more point you gave is people should have good trading skill, the skill is more important than selection of brokers. Such illusion that purposely let people feel broker selection is not so important. In the real fact, good broker selection with good trading skill can get mush more benefit. It is not the way you say that just need to solely stress on good skill, but no need care about broker.

As you had said, you have 9 years experience. I would say you are informative, because you know a lot information. But, sorry to say..., you are brainless, because did not analysis on the logic of information you gained. Probably, your 9 years experience are built on "repeat and forward", receive the information from source and repeat/forward to your audiences without analyze the logic with your own brain.

you have option to trade or not to trade... forex is risky... dari pemilihan broker hingga you trade....you trade also chances untuk loss pun tinggi...
i know broker unregulated lagi tinggi untuk scam tapi so far as i know malaysia broker yang scam adalah intelfx... yang lainnya adalah genuine ... they paid all trader yang request withdraw.

kecuali some mlm people jadikan forex broker sebagai money game seperti gwgfx fxunited dan sebagainya... avoid broker yang bagi fix roi....

how much money you trade for living? saya yakin kamu trade tak lebih pun 10k usd starting capital. dan saya yakin kamu bukannya consistent trader. trader bukannya kaya yang kaya adalah broker (retail broker) dan introducing broker dan trader yang buat training class dan jual ebook.

selalunya trader yang bising pasal regulated atau unregulated broker ni adalah trader sampah trade kecil kecil dan bukannya full time trader. attention seeker untuk tunjuk dia tau semuanya dan avoid this avoid that tapi trade kelaut.

compare semua chart yang you kata broker scam broker tu dengan regulated broker... chart price semua sama... kalau lari pun 3-5 pips sahaja sebab different liquidity provider. rules semua sama. come on.... trade consistent profit 1st before you judge the broker. scammer terbesar dalam forex adalah yourself emosi dan teknik...

broker kecil tak close sebab dia tahu more 95% trader akan lost. trade kat mana mana broker regulated pun >95% lost... they have money to pay <5% winning. even you deposit 100k usd you can lost in forex sebab the biggest scammer ialah yourself.

This post has been edited by zulutrader: Jan 13 2017, 11:32 AM

DrFX you should help him to verify not to pump back. Anyway I very curious to know this kind award really or a scam?
asia starfishfx what do you think?
I've email to BNM this morning hope they will reply. Beside of this hope you have alternative way to find more answers for every asian ppl.

This post has been edited by hideto79: Jan 13 2017, 12:24 PM


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Again, brainless people always prefer to give brainless excuse. Simply give excuse points to fun/entertain himself, once he successfully been entertained by his own imagination, he also forces his audiences to accept his idea to join his "virtual" world. If people asking the proof of his "virtual" world, he started to become mad in emotion.

You never really give answer on the most important point. "what happen if an unregulated forex broker closed the shop and run away, what is the warranty on that? ", which is the topic of this forum.

But keep diverse the focus on other insignificant point/questions, such as regulate/unregulated is not important..., how much you can earn.. and keep emphasize on how much experience you are... 95% 5%SCAMMER.. .. and etc.

Again.. brain (the ability to analysis), wealth (how money earn) and experience (how much you had seen), are totally different meaning. The people has a lot money can be brainless or brain-ful (smart). because these words themselves carries different meanings.

For such simply logic statement, you even also cannot see it clearly. I doubt that what kind of logic/brain you have....

This post has been edited by Jack_1: Jan 13 2017, 01:06 PM

Jack_1 if zulutrader brainless then what are you. what zulutrader pointing previous was not wrong at all, not every broker can obtain a regulation at begin business. Whether you have regulation or not risk come to you. The point are those company really get into real forex even no regulation or just scam for money only. Over brain jack_1 have you read how to obtain regulation like tier 1 or 2? If you claim you do why you polish zulutrader brain?

This post has been edited by hideto79: Jan 13 2017, 12:42 PM