Hi dreamboy,

Please do your own research by google SFX Markets SCAM or FXMAC SCAM. You will find what you are looking for.

By the way, you did not answer any of our questions.

Hi boyboy,

To certain extend, you know a bit here and there. If we were you, we wouldn't come here and show how "pro" are you. You make yourself looked bad.

Do you have any idea what's the procedures, requirements, rules and regulations, cost to obtain the license and run as a top regulated brokers? No, that's the answer we got from your post. Registrants employed by scammer? This is funny, you think all countries also BOLEH like Malaysia?

Big brokers need more than USD10mil of capital deposit locked with the bank before they can start the business, background check on directors, only those with certain requirements (certificate, experiences and clean background) can be there, not tom dick and harry can be top regulated brokers director ya, boyboy. Operation cost can also a boom where they will set a certain requirements of qualified staffs, departments, office etc. The monthly cost can easily over USD100k-200k a month. Certainly they can't put their parents name as their staff and home address/virtual office as their operation office like those scammers did. A certified auditor must be appoint before they start the business and regular audit are required. Any complaints from clients with the regulator will also cost them to settle or even facing potential huge fine. Beside, it take 6 months to a year to obtain top regulator licenses approval.

So does it sounds different from those FX scammers who spent few thousand USD to setup an offshore company which ready within weeks?

Fix API is a setup where traders can connect their own platforms to the brokers platform and send trades directly without trading on the brokers platform. It's nothing special, almost all big brokers come with API setup if required.

SFX Markets has scammed many foreign investors through different IB or partners like FXMAC. So we won't simply put them on the list without doing our DD and we will not entertain you for showing proof. Please play at your own risk and do come back to post your testimonial after you have been scammed. Although normally many will just hide somewhere after being scammed.

And 1 thing no doubt, we agreed with you on SWISS bank/brokers are good.

This post has been edited by DrFX: Apr 9 2017, 03:09 PM

Well Then try ask SFX Markets get UK FCA license, since it's not too hard like you mentioned. They can't even get Australia ASIC license or Cyprus license.

You mean we should give SFX Market a chance to SCAM in Malaysia? No way, thank you. Try harder, dreamyboy.

boyboy,

You not pandai pandai, but act pandai.

There are so much offshore and unregulated brokers in the market, why we did not list all of them under SCAM FX? Dude, you very much sounds like IB or agent of SFX Market. Do not assume if you can't accept the fact that SFX Market is a scam.

Obviously you did not google SFX Market SCAM or FXMAC SCAM.

Boyboy, we are not talking about white label. FXMAC are using SFX Market as their broker and promote their manipulated trading statements to attract innocent investors. Somehow you will find that both SFX Market and FXMAC are abang adik. Their portfolios making profits for the investors at the beginning, but end up burn the clients accounts. You will find they did this again and again through different partners. Whenever they loss clients money, immediately they will remove those portfolios from FXMAC web site and replace with new manipulated performance with good but fake profits to lure new investors again.

Please check their performance statements, there is no long trading records under regulated brokers, majority "good" performance records are from SFX Market.

This post has been edited by DrFX: Apr 10 2017, 04:43 AM

Boyboy,

Play at your own risk.

It's up to you to believe. We don't take your money. If you talk about EGO, then you should ask yourself. Know nuts about FX and come over here to challenge everyone like a newbie. Proof will never satisfied you, please enjoy yourself.

Good luck boyboy.

Hi AuntieAnne,

MX Capital Corporation (23208 IBC 2016) is a registered international business company in Saint Vincent and the Grenadines.

ECM Group Limited (License Number : 14747)
Law Partners House, Kumul Highway, Port Vila Vanuatu

Both companies have no investors protection with unregulated offshore company and a toilet paper license from Vanuatu. These kind of setup are getting common among scammers. Cheap offshore setup with local bank account opening allow them to escape from any regulators in the world on their scam activities.

AVOID THEM AT ALL COST!

We have moved "Sentratama Investor Future" back to scam list. Based on the investigation report, it showed that they are manipulating the trades opening price, credit to jack2.

Beside, they are holding a license under the name of Sentratama Investor Berjangka, not Sentratama Investor Future. By law, it should be under the same name, Jackie Chan is Jackie Chan, he is not Jacky Cheung.

We heard JJPTR closed down yesterday. So who is next? IGOFX?

Yes indeed. They have spoiled the FX name badly.

boyboy,

Yes, you should stop sharing invalid so called insider news. In fact, nobody ask you the questions that you answer yourself.

For example, you mentioned that regulated broker can do shit you on, and you can do nothing about it. It's not true. It's always depend on what the broker did and what licenses do they hold.

Another statement is "Forex business is quite dirty, do you know even banks do not wish to provide custodian services to some tier A brokers due to their high risk in KYC none compliance."

This is also not true, plenty of worldwide banks welcome top tier licensed brokers. Unless the director's background is blacklisted. When those offshore license brokers can open bank accounts, why top tier licensed brokers can't get custodian service from the bank?

We know your intention and where are you from.

Hi boyboy,

If you can't prove yourself right, don't come here and bark around for the sake of your offshore or unregulated broker. You are just a kid who is trying to show off with a little knowledge and worse is your words show that how childish you are.

Why not you share about your FCA broker experiences here and we will verify how true is that? Which FCA broker and when is that happened? Many forumers would love to see the reports that you make. Usually loser will blame everything but not themselves.

If you don't know us, don't act so much. You have no idea who are you dealing with, kid. You mentioned how hard for a FCA broker to open bank account, but it's an easy job for us. We have done it again and again for brokers, funds, etc. Which licenses you want to know on setting up? Which bridge platform and liquidity providers you have deal with?

This post has been edited by DrFX: Apr 28 2017, 04:35 AM

Hi microwavetoaster,

SIRIX is one of the famous copy trade platform. However, it's always depend on which broker are you trading with. SIRIX is just a platform and it can't guaranteed you that a broker will not manipulate the trades. Which broker are you trading with SIRIX?

Hi Kidz1995,

It's a Dominica based unregulated broker. We won't touch it if we were you.

We do not recommend copy trades or social trading also mainly because of there is no performance fees for traders where usually they only earn from spreads rebate. So traders will focus more on trading volume instead of profits. There are many copy trades without transparency, short track records and worse will be offshore or unregulated brokers using manipulated trading performance to attract investors.

We are done with you. This forum thread mainly to help investors learn how to differentiate genuine and scam brokers. Not for kid who want to show off. Non sense!

You have wrote a very good comment above but it's for your own reference. Please look yourself in the mirror, boy.

Our suggestion is create your own thread and you are free to show off. Not all of your so called value are valid. We do not want your invalid information misleading others. Thank you.

Indeed. We couldn't accept a boy simply came here showing off some invalid information without respect. And yes we insist SFX Markets is a SCAM.

This post has been edited by DrFX: Apr 29 2017, 11:20 PM

Hi cmk96,


We are here to help those new in this industry who seek for advise and appreciate our sharing. So basically it's up to individual, invest or trade at your own risk. End of the day, it's your money. We don't gain anything from you.

If making police report will help, there won't be so much scam in the market.

boyboy,

You have been non stop making your own assumptions. As we mentioned (REPEATED), SFX Markets has scammed many innocent investors through FXMAC. FXMAC always show promising performance records via myfxbook that only trade under SFX, even though they claimed accept many good brokers. But you will never see a nice long records that are trading with good brokers. As soon as the investors loss money on the managed accounts, FXMAC will remove the records and change a new one to attract new investors again. Now they are using Nordhill Capital as their partner to scam Asia investors. These companies are abang adik if you understand what we mean, all registered under St. Vincent international business company, non of them hold any financial licenses.

As usual, it's up to you to accept our warning, we bet you won't because you are part of SFX Markets. We shall not continue entertain your childish and baseless post. WE DO NOT GAIN ANYTHING FROM POSTING THE WARNING AND SO FAR MOST OF THE BROKERS ON THE SCAM LIST HAVE STOPPED PAYING OR SCAMMED INVESTORS!

SFX MARKETS IS ONE OF THE BIGGEST SCAM FX BROKERS. THIS IS ALSO ONE OF THE REASONS THEY ARE UNABLE TO OBTAIN ANY GOOD FINANCIAL LICENSES.

http://www.financemagnates.com/forex/analy...-of-fx-trading/
http://www.forexpeacearmy.com/community/th...xmac-com.22566/