So many cheap brokers offers ECN spread:

IC markets
Pepperstone
Oanda
Mexgroup
Etc etc etc

Go to cashbackforex first to check what kind of discount/rebate you can get.

Which broker are you using now? As long as your broker is in the genuine broker list, it should be fine.

Some brokers don't allow clients to withdraw if there are open positions on the Master account.

Other than that, the PAMM could be running large DD, and with a long withdrawal queue, they have to manage it more slowly.

No other explanation I can think of. The brokers they used are genuine and unlikely to participate in scam with the trader.

This post has been edited by AliG: Feb 3 2021, 06:13 PM

that USGFX is indeed bankrupt or near banktrupt..??!! https://fxnewsgroup.com/forex-news/retail-f...shareholder-is/

Libronic clients had better be cautious..

This post has been edited by AliG: Feb 3 2021, 08:38 PM

I keep reading TriumphFX is a scam, lots of people who asked me, I also told them it's 'very likely' that it's a scam. But nobody can prove it!

Brother, respectfully, when people asking for proof, the answer:"Don't say I didn't warn you", is only a faith-based opinion/judgement.

then prove it

No one knows the trading performance. They only see P/L in their accounts. Master Account is a myth. They released the following statements:

****************************************************************************************************
Libronic updates summary for two Zoom meetings, 26 Mar 21;

1. Hayes showed the Libronic backoffice trading account in USGFX. There was USD $63+ Million, quashing rumours that the reason we cannot withdraw from our USGFX accounts was due to “floating losses”

2. As to why withdrawal in USGFX has came to a halt, as of December 2021, Libronic encouraged all her users to stop depositing funds into USGFX. This was around the time USGFX completely stopped processing all Libronic withdrawal requests. Hayes remarked that such behaviour is UNACCEPTABLE, hence the need to find a new broker.

3. Hayes will be having a meeting with the upper management USGFX to discuss porting of our funds to new broker in the coming days. Meanwhile Libronic is exploring alternative methods to solve the clients’ withdrawal issue. One of it is that in next few days, Libronic will have a new SOP outlined. This SOP will be the state how much each of us can withdraw, weighted against the profits Libronic makes (both from those of us within the Libronic hierarchy & from corporate accounts outside of our Libronic hierarchy). All our funds will be divided into 3 portions;
i. Capital (post all withdrawal amounts)
ii. Profits
iii. Commissions
More updates will be given after Hayes has carefully studied and consider our options.

4. Meanwhile, for Singapore clients, Libronic is exploring using FX Primus. If all goes well, those with Vantage accounts will be ported to FX Primus, and in future, recruitment will be via a link generated in our Libronicfx.com back office, from there, new referrals will be able to create a FX Primus Account. Lmax is geared more towards the China market, and the trades taken may differ as Lmax leverage is 1:200, thereby requiring Libronic to take longer timeframe trades to make the profits worthwhile, vs the “hit and run trades” we usually see in a 1:500 environment.

5. Hayes just received updates from FX Primus that their PAMM account is ready, and Libronic will be plugging in their AI trading bots to test the trading environment in FX Primus next week.
********************************************************************************************************

FX Primus is a 500% a SCAM BROKER

You are just pulling people's legs. Not even the best and richest traders in the world bragged about easy and risk free money from Forex. And here we have a trading GOD suddenly appears on Lowyat forum. LOL...

I know a fund manager that let you choose one of the following brokers
1) Vantagefx
2) Mexgroup
3)ACY Securities
4) Fxtrading

All solid brokers. PM me to find out more.

Malaysia has a Labuan forex broker. It's legal to trade forex there. Unless you are saying Labuan is not legit.

UTS is a marketing agent. Not broker. I don't think they have a broker license in Labuan.

I saw how Lahuan regulation restrict the choice of deposit/withdrawal of funds. They only allow bank transfers and use only local bank.

They don't do third party gateway.

So watch out when there is a broker from Labuan telling you to deposit by sending money to money changer. This doesn't pass compliance requirements.

UW global use Maybank. So Maybank must also be part of the scam.

https://www.youtube.com/watch?v=WnuDXknHN2U

If you understand mandarin, then this is a good video that explains the past and present of forex scams

I don't care what vesbolt does. I am not interested in vesbolt. But to say triumphfx is legit, you need to explain
1) why is it banned in Indonesia?
2) owners of triumphfx still on trial in Singapore


https://id.berita.yahoo.com/polisi-selidiki...-045745823.html

quora has a thread on triumphfx
https://www.quora.com/Is-TriumphFX-TFXI-a-f...-the-right-time

This post has been edited by AliG: Oct 4 2022, 06:25 AM

I haven't seen anyone being scammed by UTS before. They have been in operation for more 8 years. If you know someone that were scammed, please come forward. Please don't give me BS statement like:"Just because you haven't been scammed, doesn't mean you won't!" Anyone can use this line of argument against anything. Bring me some proof.

Having said that, returns are nowhere near 3% a month because you need to factor in profit split to Fund Manager. Lately the returns are nowhere near what they used to be back in 2014 to 2019. Market are not kind. Spread in Sentratama are horrifying (40 cents on Gold). The other broker they use ( UW Global) are not allowing Malaysians to open account. And they cannot afford to lose money because Fund Manager has to share losses with investors. I have seen them trying to trade everyday but most days they decided not to pull the trigger and ended up empty handed.

People who invested with them, are typically very conservative investors who cannot afford to lose even 1 cent. That means do not expect high return either. But you can sleep well at night.

The other thing about opening account with Sentratama is, if you have a lot of money - think twice, because when you withdraw, Indonesian law only allow Sentratama to TT maximum 40k each time out to you. And each withdrawal takes about 1 month to arrive. So imagine if you have to withdraw 2 mln USD, how long will it take for you to get your money back?

（deleted） double post

This post has been edited by AliG: Oct 6 2022, 07:50 PM

"If you are talent trader....":lol:

I tell you how Triumphfx works, because I know a trader that had been approached by Triumphfx to trade for them.

Triumphfx PAMM is different from PAMMs offered by other 'LEGIT' broker in the following respect:
1) Triumphfx allows traders to run huge drawdown, because it's a PAMM, such drawdown are not seen by investors
2) Triumphfx only cares about 'CLOSED PROFIT', and their requirement is trader needs to have closed profit of around 10% a month, they can run the account at 80% DD, that does not matter as long as they can close trades with around 10% profit a month.
3) The key difference between Triumphfx and other broker is, Triumphfx allows investor to withdraw closed profit even though the MASTER account has opened trades and is running a huge drawdown; ALL legit broker will ONLY allow withdrawal by investors after all trades are closed.
4) Triumphfx pays a lot to marketing for them to bring in new clients (hence new capital).

So, as you can see, this is a winning formula because:
1) Investors will be under the impression that TriumphFX traders are GOOOD, because they can withdraw profit every month. (They will NOT be able to withdraw profit with any other legit brokers)
2) The floating drawdown in the Master account is not seen by investors. And as long as the marketing can continue to bring in new capital, it will take care of such drawdown. Imagine, if originally, the Master account has a drawdown of -100k out of a 200k balance, now marketing bring in fresh capital of 300k, the balance increase to 500k and the -100k drawdown is only 20% of the account, which is manageable.

The way for Triumphfx to fail, is when the influx of new capital cannot cover (1) withdrawal from clients and (2) floating drawdown.

At the end of the day, scam or no scam, there are always people who will make money, and people who will lose money.

Even if it is not a scam, you can still lose money because your trader who trade genuniely can lose your money.

So, Triumphfx is a scam, yes of course, go talk to Indonesians, just because it hasn't happened in Malaysia, doesn't mean it is not a scam. It may happen tomorrow, or it may take another 5 years for them to blow up - by then, lots of people will have made a lot of money.

Good luck, do not invest money you cannot afford to lose.

just because you said it's hearsay, doesn't mean its hearsay..

(1) go talk to Indonesians who had lost money.
(2) Show me any other traders in the WORLD that can consistently made 10% a month that is not a scam.
(3) Ask Triumphfx to release their Master Account password for just ONE day.

failure to do so only prove that you are the REAL scammer. keep sucking Triunpfx @#@$% all you want.... make your mom and dad proud.


you think you are smarter than Singaporeans?
https://www.mas.gov.sg/investor-alert-list?...%20TriumphFX%20


Go there and type Pepperstone, and see if you see an alert or not.

You will see your beloved Triumphfx featured here too.
https://www.sc.com.my/regulation/enforcemen...stor-alert-list


I wonder who's the guy full of BS..... hmmm.... Trailblazers_song, or Singapore Authority... ??

This post has been edited by AliG: Oct 9 2022, 10:35 PM

you know nothing about me.

I probably know Triumphfx before you were even born. I even have relatives invested in Triumpfx as we speak now.

So are you saying Triumphfx NEVER advertised? And you think this is a FACT? please don't make a fool of yourself again. TriumphFX bloody ADVERTISED. I see them on facebook all the time. And the 'cute' thing about them is, they don't even DARE to tell people UPFRONT that they are Triumphfx, they advertised as copy-trade, PAMM, make you 10% a month easily while you sleep. Then when you asked further, they said they were Triumphfx.

Your ignored the fact that Triumphfx had busted accounts in the past and has been BANNED in indonesia, CEO being SUED in Singapore. Lots of people are not getting PAID in indonesia, and these are FACT that you denied.

So do NOT talk about FACT with me, because you are not a factual person to begin with.

This post has been edited by AliG: Oct 10 2022, 01:14 AM