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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 Oct 19 2020, 09:36 PM

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QUOTE(AnasM @ Oct 18 2020, 10:26 AM)
u can ask https://www.tyyap.com/
why he still sell the course if he can make money
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I understand tyyap is a stock trading coach. How good is a coach depend on he willing to show his real account statements. His experiences may help but as usual, coach main income is from the school fee. I am not into stock, so cant comment much about tyyap.
Equity
post Oct 20 2020, 04:33 PM

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QUOTE(kentuky3 @ Oct 20 2020, 11:59 AM)
hello Terry, I have gone through a number of posts which tell me you have lots of experience with pepperstone. please let me know what is the safer method for withdrwal..
1)local transfer to malaysian maybank  or
2)bankwire to singapore bank account.
I am asking this because in some posts people had doubts whether local banks allow the transfer from broker.. also consider if the transfer is 5k to 10k usd..
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Do you have an account with Pepperstone? If no, click this link to open an account. http://trk.pepperstonepartners.com/aff_c?o...45&aff_id=16162

1. Yes you can local bank transfer to Malaysia Maybank if you deposit with the local transfer. (There are daily limit)
2. Definitely no issue to bankwire to Singapore bank account.
Equity
post Oct 26 2020, 03:05 PM

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QUOTE(Crystal1981 @ Oct 26 2020, 02:20 PM)
Emas fintech is not a token platform that coming out it own tokens to list in big exchange. Some crypto project not listed in big exchange is not because they dont wan. Becos of high listing fee that big exchanges charge.  Example, binance listing fee charge 500k to list in their exchange. And some exchanges hve certain criteria to list project's tokens.

Emas fintech is just a investment trading firm to give investors roi on trade profit. But emas fintech trading record is not transparent. This, show a red flag alert despite EMAS is currently appointed the global sole distributor of UnionPay Prepaid VIP card which can store up to 200K USD, and
Neurogine, the company that appoints EMAS, is a partner of CasperLab and CasperLab is founded by Ethereum founder, Neurogine is a tech partner of Ethereum 2.0. But that doesnt proof anything.

Emas fintech are purely ex bankers and traders. I Dont really trust exbanker. 😀

Fyi: im not emas fintech's investors. Gd luck to emas fintech.
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When you hear some sweet storyline, never touch it. Scammers need the storyline because they are good at it and they have nothing else to prove.
Equity
post Oct 26 2020, 04:11 PM

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QUOTE(AliG @ Oct 26 2020, 03:48 PM)
user posted image
This is one of the account linked to the Libronicfx PAMM. Looks like they are hitting some big rocks. I also noticed that they pulled down their Facebook page and telegram channel. One of the problem with PAMM is that investors have no clue what's going on behind the scene. The trader can choose to close only the trades which are in profit, letting you withdraw those, while running a huge floating drawdown at the same time. Next thing you know, your account hit margin call the next day.
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Hi AliG,

Investors should not invest if they do not get any transparency or no proven track records. In FX trading, open trades are important to show the available margin and equity. Investors should at least can view it on daily statements.
Equity
post Oct 29 2020, 03:53 PM

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QUOTE(Xanapammm @ Oct 29 2020, 09:39 AM)
Omg i meant fsa not fca. I guess i just answered my own question lol sorry for the dumb question
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For Tickmill, FCA is only for European. Others under FSA due to leverage benefit.
Equity
post Nov 13 2020, 11:23 PM

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QUOTE(homkcel@yahoo.com @ Nov 12 2020, 09:54 PM)
Dear Terry, 

Can you pm me please?  I would like to know further about best forex trading platform.

Yours sincerely,
Francis
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PM done.
Equity
post Nov 13 2020, 11:43 PM

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QUOTE(Ongkk @ Nov 13 2020, 10:03 PM)
Hi Terry,

I just a newbie into Forex. I just join FDXCap and I been reading the thread and realised it maybe a scam!

I wish to register for pepperstone but I am still new into it.

I saw that it has duplitrade and myfxbook. How do you use these 2?

I am from Singapore and thinking of switching to pepperstone. What advice can you give me?

I am thinking of investing in around 3k USD.

Thanks in advance!
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PM done.
Equity
post Nov 16 2020, 11:17 PM

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QUOTE(lllllllll @ Nov 16 2020, 10:36 PM)
user posted image

Any sifus over here know about this trading platform company base on the logo I shared above?

Friend on FB keep sharing where this platform(trading company) gives only profit.
And I think this company also consist of recruitment as well.

I didn't want to join, but just am really curious.
So just reaching out to the sifus here to see whether have you guys seen this logo
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Any name or web site?

Very unfamiliar logo.
Equity
post Nov 22 2020, 12:37 AM

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QUOTE(wykl @ Nov 21 2020, 10:37 AM)
Hi bro, why do u say cp market is a scam? My mom getting about rm500+ a month by investing rm6800..
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Every scams started with "investors" getting money. Make sense? If no one getting returns, no one will invest. That's the way they can get more people to invest.

Soon or later it will collapsed when the scammer collected enough money as in ponzi scheme.

You sounds very young. Plenty to learn how these scams operate. CP Markets has no valid FX broker license and doing fake trading with fake returns. In short, those money your mum getting is from her own initial investment. laugh.gif

There are many ex scammed FX platforms that you should study if you are new including JJPTR, IGOFX, MIA, GOLD TINKLE, etc.

This post has been edited by terrytan: Nov 22 2020, 12:47 AM
Equity
post Nov 22 2020, 12:39 AM

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QUOTE(Brayden888 @ Nov 21 2020, 11:08 PM)
Hello. Libronic has changed from MEX to USG.
I am one of the investor, currently USG seems to be stable, although some fine tuning is still require.
Wake up your idea if you do not have any thing! biggrin.gif  biggrin.gif
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Are you able to see open trades via platform or daily statement?
Equity
post Nov 24 2020, 12:24 AM

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QUOTE(wykl @ Nov 23 2020, 05:42 AM)
I'm sorry to ask but may I know how can I check whether a company has a valid FX broker license?
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You can read through the 1st page of this thread which has almost all the information you need. Thanks to DrFX.




Equity
post Nov 28 2020, 01:02 AM

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QUOTE(wykl @ Nov 27 2020, 08:12 PM)
hi, may I know what will happen next? Those ppl who invested can't get their money back? are u having issue trying to withdraw money?
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Typical habis cerita for SCAM FX. They will not let you withdraw the money when the game comes to the end. devil.gif
Equity
post Nov 29 2020, 03:23 AM

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QUOTE(danilee @ Nov 27 2020, 12:41 PM)
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I withdrew DMIS (CPM). Last month said 50% dd, last 2 weeks wanted to withdraw they said 30% dd, delayed me till now 80% loss ‼️‼️‼️We will go after CP Market
CPM daily confirmation doesn't have the so call floating trades all the way from September. When withdraw they came out with all the loss trades, so called floating from September
it is CP Market daily confirmation, if not CPM, who else can work with MIB to scam?
Now wiki put NFA general registration. Removed Czech National bank
CPM only licensed to collect small payment. They are now under investigation

CPM has no regulation in CNB
https://www.cnb.cz/en/supervision-financial...MARKETS-s.r.o./

The Czech National Bank wishes to warn the public that COOPER MARKETS s.r.o., company ID number 03441067, which is offering the possibility of trading in financial derivatives via the CP Markets platform on its website https://web.coopermarkets.com/, holds no authorisation to provide investment services or any other financial market services in the Czech Republic, and its activities are not supervised by the Czech National Bank.

Investment in its products is not subject to statutory insurance.
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What make you decided to invest in the first place?
Equity
post Dec 2 2020, 09:06 PM

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QUOTE(AliG @ Dec 2 2020, 03:07 PM)
Please give examples. I have access to investor account and I haven't seen anything dodgy.

Here is one I found from myfxbook

user posted image
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I think you have plenty to learn in fighting FX SCAM. Thanks for providing the Myfxbook link. A perfect result with only 1.36 MAXIMUM DRAWDOWN. You may ask traders here whether it is possible to make 5-6% returns every month for 3 years without drawdown. Look at the performance chart, there is no equity line (yellow color) which mean the trades open and closed in no time.
Equity
post Dec 3 2020, 05:20 AM

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QUOTE(AliG @ Dec 3 2020, 04:09 AM)
There is no need to be so defensive, when someone present a view that contradict yours. I was asking for proof, you said you have tested many fake trades on sentratama account but you have shown none. And then when you resort to your typical style of belittling others who disagree with you.

you have the link to myfxbook, instead of telling me to open my eye and learn, which is effectly saying nothing, why don't you point out exactly, how you can tell so EASILY this is a fake myfxbook? Just because he trades with less than 2% DD, so it must be faked?
https://www.myfxbook.com/members/95bcwh/elite-500/2648952

Btw I have seen him trading with -8.8% drawdown. Does that make him more legit?

And you don't see an equity line on myfxbook chart, that is because myfxbook plot ONE POINT PER DAY, and he opened and closed each trade within the same day, he doesn't hold trades overnight. So it is impossible to see a separation of equity line vs balance line on myfxbook chart. You will only see a separation between the two lines when a trade is held over night, and equity today is different from equity yesterday, while the balance remain the same on both day.

I can understand all the rest of the arguments against Sentratama - indonesian broker - sounds dodgy by default. BTW, He also traded with UW Global, a broker registered in Labuan, Malaysia.

These are two recent trades he took, how can you tell from the charts that these trades were fraudulents?
Winner
user posted image
Loser
user posted image

Again, I have no account with Sentratama, I visited this page to discuss scam broker, if there are solid proof that Janis Urste is a fraud, I am dying to know, so I can tell all my friends to pull out IMMEDIATELY. But honestly, I am a bit disappointed with the attitude here. I know this post will not be received well, and I can predict what's going to happen next, more names calling coming my way (without offerring any proof that can actually stand in court).
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Dude, this is not a place for you to ask for proof. You either listen to the advise or you do your own due diligence. I would advise you to invest all your money in Sentratama now since you are very confident they are real. Faster invest, he never loss. Everyone take responsible for their own money and please dont come here to challenge with your 2 charts. The myfxbook already clearly showed Sentratama is doing manipulated fake trades. Dont know? Please learn or you wait until it burned all the investors money.

Sentratama has no valid top tier license, 99% tier 3 license or below are fake FX. Sentratama is definitely one of the FX SCAMs. My investor was scammed by Sentratama before Janis joined as their actor. FX license is the priority box to check when identify genuine/fake Forex.

When these scammers fake trades duplicate to genuine FX broker demo account in real time, we can easily caught them. This is also why some FAKE FX companies already learned and hide open trades. devil.gif

This post has been edited by terrytan: Dec 3 2020, 05:22 AM
Equity
post Dec 11 2020, 01:48 AM

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QUOTE(trentevanss @ Dec 4 2020, 11:17 AM)
Does it make a difference if the account we registered with is in another country e.g.: Pepperstone is aussie co, regulated in Aust, UK, etc.
<a href='https://pictr.com/images/2020/12/04/7fVhWl.md.png' target='_blank'>https://pictr.com/images/2020/12/04/7fVhWl.md.png </a>
But when open account, it is under their Bahamas company entity.
<a href='https://pictr.com/images/2020/12/04/7fVnt2.md.png' target='_blank'>https://pictr.com/images/2020/12/04/7fVnt2.md.png </a>
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It is OK to trade under offshore for leverage benefit as long as the brokers hold tier 1 or 2 licenses. Go for big brokers, not those small or fake FX. Big brokers like Pepperstone will keep their segregated accounts safe in Australia bank even though you are trading under offshore.

Open an account here today! http://trk.pepperstonepartners.com/aff_c?o...45&aff_id=16162


Equity
post Dec 11 2020, 01:50 AM

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QUOTE(Wongchaulok @ Dec 6 2020, 01:12 PM)
Do you know that sentratama big boss is a lady that in 3 years she bought a 10 million usd office lot in cash? Plus all her lambos and stuff, i believe that UTS sentratama is a pure ponzi bullshit, as the market maker can always manipulate the price
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No surprise. There are no real trading, thus all deposits are free for her to spend as she wish. Once the "actor" crashed the accounts, then those investors money will officially become her money. devil.gif

This post has been edited by terrytan: Dec 11 2020, 01:51 AM
Equity
post Dec 11 2020, 01:55 AM

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QUOTE(power_puff88 @ Dec 7 2020, 11:59 AM)
So that means even if a broker is registered with BABBEPTI which is a government body of Indonesia, that is not sufficient? http://bappebti.go.id/
Hmm, can the government of Indonesia be this incompetent?  hmm.gif

user posted image
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Do you think Malaysia boleh or Indonesia boleh? or Both abang adik?

It's nothing to do with government of Indonesia since those scammers are collecting money via offshore firm. So when something bad happened, do you think you are going to report to BAPPEBTI? Will they efficiently help you on the investigation as a foreigner? I doubt they have the expertise and commitment for you.

Same thing happened when MBI crashed. Did Malaysia authorities help the China innocent investors?

This post has been edited by terrytan: Dec 11 2020, 01:56 AM
Equity
post Dec 11 2020, 02:04 AM

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QUOTE(CertifiedHomphobe @ Dec 10 2020, 06:43 PM)
Might be out of topic but wow.

Looks like ck Ltd BBB is going full swing now. More and more people are cashing in into it. It's so unbelievable to see all these lalabengs and ahbengs running that company lol.

It's also disgusting on how they prey naive young people primarily students in colleges / Universities.

I don't know when all of this will collapse. Everyday record profits, boasting how they can make everyone have 5 digit incomes every month.

It'd be really satisfying to see when ragnarok day comes. Whats the point of having 5 digit profits everyday when you can't even withdraw it whistling.gif

Another hilarious thing is that these gurus are showing off and flexing hard cold cash, which insinuates that they're not accepting wire transfers for deposit. LOL
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Very scammy ya. Young people buy it.
Equity
post Dec 11 2020, 05:11 PM

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QUOTE(Crystal1981 @ Dec 11 2020, 05:06 PM)
Emas exit scam few days ago.
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You mean game over?

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