Then I wait for him to come back! anyway if you like reliable let me give you one for mt4 citifx (Citibank also a Liquidity provider)

Hi drfx,

What about ikofx,fxcoliseum and FxCitizen?
Thanks

Please be reminded.

http://www.bnm.gov.my/microsites/fraudalert/0203_forex.htm

Not sure Citifx? hrm what about J.P. Morgan market (also known a Liquidity provider). Another popular forex been took over by RHB/rhbgroup, call rhbinvest or maybank call maybank-ke in sg are this also genuine?
etoro now day also very popular for lazy trader like me is this genuine too?
No offence but Genuine topic for free.

Merry Christmas. HoHoHO

Hi, I'm new to forex this thing and last night one my friend asked me to join IGOFX... I'm abit worry its scam so I done some research and I found this thread. Just wanna ask... is anyone can introduce any genuine forex trader or broker ya?

The ruling is about prohibited any individual people, company or institutional trade forex in Malaysia without license from BNM, nothing to do whatsoever international capital guideline.
In other word, trading forex in Malaysia without BNM license is illegal, as simple as that.

Jack since you ask, actually I  just register in lowyat few day, why?? cause when Dr Fx seem claim to be Dr ppl getting believe what he said and that a bad thing, my judge mostly what he said is correct some are false wonder why? if refer your topic reduce forex victim. Example XM yes company have 3 regulation but is a partner only you won't find XM register hohoho and XM who he earn trader money is by spread and market maker mean you win xm lose or you lose xm win hohoho so do you want such broker???
IB of course no am just a old folk trader that it, hoping to get a reliable source for me before believe some one always do a basic testing skill, scam fxcoliseum ??? Fxcoliseum is a ECN connected to who? most of them in the list genuine.
So Mr. Jack faked question?   and Merry Christmas to you.

Obviously, this topic can create a lot of enemies because it blocks faked broker/ introducer for targeting victim here. I have foreseen that many IB will attack the topic using many offensive words.

DrFx just don't give up !

Lol Jack you are the one who bring it out now you pretend to be good guy?
Just end the story all be good. Sorry to said DrFX cause your list genuine an scam is not 100% correct. MY BAD

Good Morning DrFX, liquidity provider was recommend to jack right or someone else? seems it follow up to you. I wonder why you not listing up good LP which you can open account for forex too as genuine which is more 101% not a scam forex. Anyway let end this topic.

Have a good day and Merry Christmas.

I loled at your list

User reviews sometimes are biased and untrue, and it is no surprise if these so called reviewers comprised of IB's from other brokers

I often googled broker review at forex peace army, and there are some users who refuse to disclose their mt4 account ID (either by private message or publicly) even after being asked for many times - that means they are not real client

Brokers that you mentioned are highly regulated and audited by their own respective authorities and actively manage millions of trading contracts per month

Should any dispute arise, they will be heavily penalized by their regulatory bodies

Huh? "Guideline to capital market"? What has FX got to do with the capital markets? Comparing FX trading to "buying foreign countries' companies shares through foreign stock brokers" is very very wrong my friend....

Retail FX is largely unregulated and open to abuse/manipulation, DrFX. It is a given. Name dropping self regulatory bodies and domestic regulatory bodies is pointless. The "integrity and international level of top tier regulators such us US NFA, UK FCA, Swiss FINMA, SG MAS" will not protect you in any way.

If you are trading from Malaysia, you are subject to the FSA.

hello all, good morning

what about instaforex and midasama?

much appreciate, thanks alot

Why IGOFX is a scam broker ? Please explain.

IGOFX is using the same method to scam innocent investors by showing too good to be true trading results which usually are not real. We have done several due diligence and based our professionalism and experiences, we have concluded that IGOFX is another scam Forex broker.

1: Unreal trading results - There is no real trading behind which those trades are suppose to process on a liquidity provider/banks. In short, they are showing investors impressive fake trading results. MT4 is a front end platform which the trades are editable from date to price. Without proper regulation, you know what they are capable of.

2: Holding a Vanuatu license - Recently this license has been a very popular tool for scammers due to low requirements. You can get it within USD10k and approval within a month. So basically anyone can get a Vanuatu license. And there is no protection for investors or traders.

3: Additional to 1, we have checked and confirmed their trades are not real time which similar to what TriumpFX has done. If you need evidence, then we suggest you to do it yourself.

4: Get the traders/managers to trade with a top tier regulated brokers, any brokers will be fine. They will give you plenty of funny excuses like "We don't trade with other broker", "We don't want to let other brokers know our trading secret.", etc.

5: Ask yourself, what make you think it is real? The license? The MT4 platform?

In the case of Igofx... i think you are just judging a book by its cover. Unless someone unable to make a withdrawal... until now... everything went smooth.

Btw, I have traded manually for 5 mths in Igofx... at first i was sceptical too.

Yes... the name Vanuatu is pretty unknown... but if the broker still pays... why call it a scam? Anyone here being scammed by Igofx?... i would like to know.

Hi Dr.FX,

1: Unreal trading results - There is no real trading behind which those trades are suppose to process on a liquidity provider/banks. In short, they are showing investors impressive fake trading results. MT4 is a front end platform which the trades are editable from date to price. Without proper regulation, you know what they are capable of.
<cste188> attached is the trade results of one of the fund manager - Vladislv.  His past 3 years trade results have been verified by the myfxbook - http://www.myfxbook.com/members/Vladislav7...adislav/1576235.  It that the trade results also fabricated too ? Please understand. I not here to challenge u or watsoever, i just want to know the truth.
Myfxbook performance data synced from MT4 accounts. MT4 trades are editable from top to bottom, including open and close price, date, time, etc. You may verify with Metaquote - the software provider. All MT4 platform license holders are given a MT4 administrator. It's like your Windows setting. Without top tier financial license, these hanky panky brokers are FREE to do anything.

2: Holding a Vanuatu license - Recently this license has been a very popular tool for scammers due to low requirements. You can get it within USD10k and approval within a month. So basically anyone can get a Vanuatu license. And there is no protection for investors or traders.
<cste188>Are u sure you can get the license just 10K usd ?Since you are data driven, where you get USD10k figure from ? have you check with vanuatu fsc about it ? can you show us the proof or evidence of corresponding with vanuatu fsc ? unless you do so, i will assume u just plug the figure from air. again i not try to challenge u but i just want to find out the truth. but since u are professional, i believe u not simply provide a baseless figure out of nowhere. right ?
Search around and ask for Vanuatu FX license quotation from those license providers and you will get the answer. You are not challenging us, it's normal when investors step into a SCAM but refused to accept it is a SCAM until it stop paying.


3: Additional to 1, we have checked and confirmed their trades are not real time which similar to what TriumpFX has done. If you need evidence, then we suggest you to do it yourself.
<cste188> thanks for head up. i do checked and i find out it verified by myfxbook. And i myself also acc holder of igofx myself. Attached is screenshot of my igofx acc. it showed the trade details of each of the trade. will it fabricated also ? if so, how ?
Yes, it is fabricated. Refer our answer on 1.

4: Get the traders/managers to trade with a top tier regulated brokers, any brokers will be fine. They will give you plenty of funny excuses like "We don't trade with other broker", "We don't want to let other brokers know our trading secret.", etc.
<cste188> this i also not sure why their fund manager don't engaged with top brokers house like fxcm or xm. but i will find out and let you know if their respond are the same as urs. lol.
5: Ask yourself, what make you think it is real? The license? The MT4 platform?
<cste188> can you please be kind enough point us to the right direction ? i believe u r dr.fx and i think you have the answer. I looking for the answer from you.
We have provided all the answers but it doesnt pleased you. Lastly, try copy the trades live to a GENIUNE broker platform, you will understand what we are trying to tell you.

P/S: don't get me wrong, i just want to find out the truth and i have many friends join and trade with igofx earning 5 figure passive income at this moment. I not try to promote nor support igofx in anyway, i just only a student who try to find out the truth, hope that you point us to the right direction with EVIDENCE BACKED ALLEGATION WHICH I BELIEVE YOU WILL DO SO IF YOU ARE PROFESSIONAL.       
Don't blinded by the perfect returns, it doesnt exist in the real FX world. Happy New year! : )

BR
CSTE188
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Go to forex forum and ask me questions there. I am not young n new. I traded forex for 8th yrs. How bout u?can share your experience? Looks like any small broker is scam broker to u.

I think you should make another list for "high risk broker" for broker such as Igofx. Coz no scammed victim so far eventhough it look like a scam broker.

I hv 4 other account with different brokers. Here, i only talk about Igofx. Ppl pm me asking why i trade manual on Igofx. Some asking me to show my result. All they know is Vladislav. They are just investors... not traders... they are also gamblers. Not me... i dun invest in him... coz i made more trading on my own..

You said you hv experience setting up small broker? Which broker you hv set up? Why not setting up your own broker?

anybody heard about IGOFX?