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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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SUSPerfect.Stranger
post Jan 13 2017, 05:52 PM

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QUOTE(DrFX @ Jul 11 2016, 02:25 AM)
This company has very impressive marketing and branding. This does not mean it is not a scam. Above showed are paid either by the owner own money or worse by investors fund.

Any FX company operate and collect funds from investors without proper financial license (At least tier 1 or 2 financial license) are considered scam.
Any FX company with lucrative up front commission for agents and locked clients funds for certain period are completely scam.

Why there is a must to have a top tier license as a genuine broker?

1. Owner cannot run away with your money. The regulator will protect the clients on certain level and hunt the FX broker down if any wrong doing.
2. Well licensed FX brokers required to fulfil regulators requirements especially auditing and compliance rules & regulation.
3. Transparency and no hanky panky.
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so, what trusted and reliable broker in msia that can we have passive income monthly?
TSDrFX
post Jan 14 2017, 05:04 AM

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QUOTE(zulutrader @ Jan 13 2017, 03:48 PM)
in my 9 years experience... loser trader will complaint most rather than profitable trader... honestly...

>95% loser trader can cover <5% winning trader.. thats market maker broker... you should research type of broker 1st before you research about regulated broker...

nak trade usd 100-1000 usd tapi cari regulated broker 1st tie... LOL... leverage pun paling tinggi 1:200 memang mampus lah akaun tu....

make your \trading skill perfect 1st before thinking regulated broker...

atas kertas je tulis money back guaranty... when tsunami come... no one thinking of you...believe me.... you got 100kusd to invest not to invest in 1 broker... dont put all egg in 1 basket... event regulated broker it wont guarantee your money safe. please do more research at forexfactory forum...

orang malaysia ni banyak bunyi chinese ka malay ke india ka sama je...

end here and hope kamu semua akan jadi fulltime trader seperti saya. tarde not for rich but for living.
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You are wrong zulutrader. It's a disgrace for you to use zulu. We are not saying you are not good, but with 9 years trading experiences doesnt mean you have the knowledge about how scam brokers run their business. You are welcome to share your trading performance.

Never think about unregulated broker regardless how good or bad is your trading skill. This is the basic knowledge as a trader/investor.

Beside, we do not argue about manual traders here but mainly scam brokers like IGOFX who are using manipulated results to attract innocent investors through networkers.

This post has been edited by DrFX: Jan 15 2017, 04:29 AM
J&J+Cs
post Jan 14 2017, 12:48 PM

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Dear all Sifu

my friend introduced me a new forex investment name MYScapital , the using ADS Prime and sfx markets for trading.

Please advise safe to invest ?

Thank you very much
troller2
post Jan 14 2017, 10:17 PM

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QUOTE(J&J+Cs @ Jan 14 2017, 12:48 PM)
Dear all Sifu

my friend introduced me a new forex investment name MYScapital , the using ADS Prime and sfx markets for trading.

Please advise safe to invest ?

Thank you very much
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Managing other people's money is a crime in Malaysia.
TSDrFX
post Jan 15 2017, 04:26 AM

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QUOTE(J&J+Cs @ Jan 14 2017, 12:48 PM)
Dear all Sifu

my friend introduced me a new forex investment name MYScapital , the using ADS Prime and sfx markets for trading.

Please advise safe to invest ?

Thank you very much
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Hi J&J+Cs,

SFX Markets is an unregulated St. Vincent offshore FX broker which has scammed many innocent investors with fake trading performance. RED ALERT! devil.gif

ADS Prime is a well regulated broker.

1st, you need to make sure they are showing you their performance statement from ADS Prime, not SFX. If the statements from SFX, 99.99% are fake.

2nd, make sure you are opening account with ADS, not SFX. rolleyes.gif
J&J+Cs
post Jan 15 2017, 09:41 AM

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QUOTE(DrFX @ Jan 15 2017, 04:26 AM)
Hi J&J+Cs,

SFX Markets is an unregulated St. Vincent offshore FX broker which has scammed many innocent investors with fake trading performance. RED ALERT! devil.gif

ADS Prime is a well regulated broker.

1st, you need to make sure they are showing you their performance statement from ADS Prime, not SFX. If the statements from SFX, 99.99% are fake.

2nd, make sure you are opening account with ADS, not SFX.  rolleyes.gif
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Thank you very much thumbup.gif
jack2
post Jan 15 2017, 11:54 AM

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Any proofs to show and confirm igofx's trades are not real and fake?

This post has been edited by jack2: Jan 15 2017, 11:57 AM
Cokey
post Jan 15 2017, 02:36 PM

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QUOTE(jack2 @ Jan 15 2017, 11:54 AM)
Any proofs to show and confirm igofx's trades are not real and fake?
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Refer to my post, most of the transaction last for only few minutes. Rules no.2 violated -> Scam thumbsup.gif

jack2
post Jan 15 2017, 06:33 PM

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QUOTE(Cokey @ Jan 15 2017, 02:36 PM)
Refer to my post, most of the transaction last for only few minutes. Rules no.2 violated -> Scam thumbsup.gif
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This is general perception only. Who knows if he is scalper?

Got solid proof?

Like Gold Master, I have solid proof to claim they are XXX....
Nancy91
post Jan 15 2017, 06:52 PM

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wait for Dr Fx to provide us the proof to 100% show that IGOfx is a scam or so
Alissa_1989
post Jan 15 2017, 09:02 PM

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Anyone know how was GVF now ? last time was very hot until war fight in forex forum.. I think similar type of war repeated now.
jack2
post Jan 16 2017, 12:08 AM

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QUOTE(xpmm @ Jan 15 2017, 08:34 PM)
this thread serves as a warning and also reference only, ts gains nothing from it, decision and money are yours you are free to invest in anything you like.

the crux of the thread is simply this:

AVOID UNREGULATED BROKERS OR OFFSHORE REGULATED BROKERS (Vanuatu, Seychelles, St. Vincent, Belize, etc)

its based on the best knowledge of ts and also those who try to help.

no need to ask for solid proof, you cant even prove you have a mother in a forum, i can disprove it easily.
you will have 100% proof when it close shop and run away.

mface svi monspace tpeagles jjptr are all money games scam and they grow stronger each day because people like easy money, lazy to work, invest rm100k one month get rm5k, some 20k per month. how to 100% prove they are scam?

dont believe they are scam? then invest loh, its your money you decide.
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Like many forumers claimed, if you have no proof to claim their trades are not real, dont simply say that.

I can't even dare to say so until I got proof.

But for Gold Master, I dare to say so because I found the answer.

Everything is based on facts.. TS can claim igofx is unregulated and try to avoid it but he mentioned before that the trades are not real as he has some tools to verify it.

That is why I was asking to share it.


TSDrFX
post Jan 16 2017, 02:40 AM

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QUOTE(jack2 @ Jan 15 2017, 11:54 AM)
Any proofs to show and confirm igofx's trades are not real and fake?
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What would you do if we show the proof? Do you need the proof for others scam on the list beside IGOFX?



TSDrFX
post Jan 16 2017, 02:48 AM

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QUOTE(Alissa_1989 @ Jan 15 2017, 09:02 PM)
Anyone know how was GVF now ? last time was very hot until war fight in forex forum.. I think similar type of  war repeated now.
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GVF is the origin of scam FX syndicate like RCFX, KBFX and many more. It spreads like mushrooms. Please share with us if you have more information.
TSDrFX
post Jan 16 2017, 03:34 AM

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QUOTE(jack2 @ Jan 16 2017, 12:08 AM)
Like many forumers claimed, if you have no proof to claim their trades are not real, dont simply say that.

I can't even dare to say so until I got proof.

But for Gold Master, I dare to say so because I found the answer.

Everything is based on facts.. TS can claim igofx is unregulated and try to avoid it but he mentioned before that the trades are not real as he has some tools to verify it.

That is why I was asking to share it.
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jack2, you found the answer of Gold Master because there are many victims now? Is that too late?

We have the proof, but it's up to you to believe. We don't gain anything for asking you to believe us. Eventually you will find the answer when there are victims. We heard many TriumphFX victims wanted to take action on the owner. Many don't believe us even when we show the proof in the past. Same goes to IGOFX, there are personal excuses or reasons not to believe when investors blinded by the fake profits.
jack2
post Jan 16 2017, 06:22 AM

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QUOTE(DrFX @ Jan 16 2017, 02:40 AM)
What would you do if we show the proof? Do you need the proof for others scam on the list beside IGOFX?
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To assist to spread and alert those investors to pool off before it is too late.
jack2
post Jan 16 2017, 06:23 AM

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QUOTE(DrFX @ Jan 16 2017, 03:34 AM)
jack2, you found the answer of Gold Master because there are many victims now? Is that too late?

We have the proof, but it's up to you to believe. We don't gain anything for asking you to believe us. Eventually you will find the answer when there are victims. We heard many TriumphFX victims wanted to take action on the owner. Many don't believe us even when we show the proof in the past. Same goes to IGOFX, there are personal excuses or reasons not to believe when investors blinded by the fake profits.
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Gold master has turned to non paid? I didn't know.
Alissa_1989
post Jan 16 2017, 08:27 AM

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QUOTE(DrFX @ Jan 16 2017, 02:48 AM)
GVF is the origin of scam FX syndicate like RCFX, KBFX and many more. It spreads like mushrooms. Please share with us if you have more information.
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Below are the info I found just now. I remembered GVF starts in around 2011 and many people "gila" on it , then 2013 disappears and no more news was heard. It has 30% capital lock, Some of my friends really joined it. Because of personal "face" problem, they never want to recall the story.

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

Website is down. Company seems to be out of business.
NOTE: This broker uses multi-level-marketing. It appears that you have to first have an account with them in order to learn any information about this broker.
The FPA recommends only opening accounts with brokers where all information about the brokerage is available to prospective clients before they sign up.
WARNING: The Financial Supervision Commission of the Isle of Man has issued a Public Warning about Global Venture Financing / G.V.F Management Group Limited. CLICK HERE to read the warning.
WARNING 2: The Financial Services Commission of the British Virgin Islands has issued an Advisory Warning about Global Venture Financing / G.V.F Management Group Limited. CLICK HERE to read the warning.


The FPA recommends AGAINST doing business with this company unless the issues with the Isle of Man's FSC and the BVI FSC can be resolved.


The FPA has received reports linking Global Venture Financing to TradeOrbitz.com
hideto79
post Jan 16 2017, 02:21 PM

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QUOTE(forgetful @ Jan 13 2017, 05:13 PM)
since when i said regulation ran away? I'm saying even with regulation of t1, there is potential of the company to close shop too. What I'm saying is that these protection not protecting locals. but to the UK people
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Maybe i misunderstanding your meaning with jack_1. Lol

(
QUOTE(forgetful @ Jan 13 2017, 01:00 PM)
Can you confirm those with tier 1 regulation won't close shop and run away?
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forgetful
post Jan 16 2017, 07:36 PM

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QUOTE(hideto79 @ Jan 16 2017, 03:21 PM)
Maybe i misunderstanding your meaning with jack_1. Lol

(
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No Problem.

Anyway, I'm interested to know which is regulated investment company? How much is the capital needed to open an account and what is the % return per month?

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