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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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waghyu
post May 16 2021, 12:11 AM

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QUOTE(terrytan @ May 16 2021, 12:09 AM)
It's not about showing off. Just want to know whether what you said is true. I never encourage my investors to do weekly withdrawal. That's immature way of managing account.

Well if you are that good, VESBOLT may recruit you to manage account for investors too.
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I got small capital only, weekly can make couple thousand usd happy already, no need to work hard. If get jackpot, thats bonus.
waghyu
post May 16 2021, 12:25 AM

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QUOTE(terrytan @ May 16 2021, 12:13 AM)
Wow couple thousand of USD weekly not small you know. Really interested to know whether what you said is true. Come on. Share la. Dont be shy.
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Shy bos, me small fish. Which performance indicator you want to see / gauge?
waghyu
post May 16 2021, 01:20 AM

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QUOTE(terrytan @ May 16 2021, 12:27 AM)
Hmmm Any myfxbook performance will do. May be the one you said you did over thousand dollar withdrawal weekly.
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The positives are credit from broker and negatives I spend a bit la. 14th May withdrawal not credited yet, and 17th may withdrawal already requested.

This post has been edited by waghyu: May 16 2021, 03:53 AM
waghyu
post May 16 2021, 03:52 AM

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QUOTE(terrytan @ May 16 2021, 02:46 AM)
Hi waghyu,

Withdrawal cant prove anything. I think many here would like to see your outstanding performance. Like how long have you been trading the account, which broker are you trading with and how much you generated every month. Come on.
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True, maybe I just get lucky. Can’t be trusted eventhough free money free flowing.
waghyu
post May 16 2021, 10:11 AM

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QUOTE(AliG @ May 16 2021, 05:57 AM)
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...
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Yes true, just need few k USD for food monthly. Holy grail cash cow is for real. You never seen one you doesnt mean it does not exist.
waghyu
post May 16 2021, 10:14 AM

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QUOTE(smartinvestor01 @ May 16 2021, 09:00 AM)
I am quite new in FX and seek for u guys input..

If the MT4 trades can be fake, does this meaning to say that most of the FOREX companies are actually high risks?

As each of the broker MT4 could be different from each other..
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Each broker run own MT4 / MT5 servers where the define all pricing parameters. No scam, just most traders not lucky enough. Try and work on is, money is there and withdraw your profits.
waghyu
post May 16 2021, 10:32 AM

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QUOTE(yklooi @ May 16 2021, 10:27 AM)
This phrase reminded me of an almost same sales pitch of a money game scheme told by my relative few years ago...
Not to say yours are,.....
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No, I’m running any sales pitch here. But forex is money game, buy and sell and make money, game rule are simple and money are free from market. As long can win and withdraw back to Malaysia bank account, happy.
waghyu
post May 16 2021, 10:50 AM

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QUOTE(yklooi @ May 16 2021, 10:42 AM)
Yeah,.. I liked the word, "if you can win bring back.....
Even though it is free money... Not sure how you definite free money...
Anyone can just take without risk, take at anytime?, how long can that free money be available for the taking?
As you mention, forex is money game.
.... Sort of like a musical chair games where in the end only got 1 winner?
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You like easy money or not? Like small/huge capital and keep getting gain from it?

The game is press buy or sell button, enter and exit. Most trader fail on this 3 elements, decision + entry + exit.

Money is free, due to the of easiness to profit from it, and to loss from it as well I dont deny this, I gain from other people losses in open trade markets.

Forex market is huge river, just need to grab few buckets for my own personal interest. Make money, withdraw and repeat.

Life is a gamble, and risk are necessary. Just have to manage this, and ensure consistent profits.

Bottom line I like money from forex, and I hope you will do well as well in your trading / investments endevours.
waghyu
post May 16 2021, 11:24 AM

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QUOTE(yklooi @ May 16 2021, 10:58 AM)
Yes... That is a fair acessment.... Which I think can be summarized as...
Money is there... Just like stock mkt
There is risk... Just like stock mkt
There can be gains... Just like stock mkt
There can be losses too... Just like stock mkt
Forex is like gambling,.. Just like stock mkt

But some forex trading companies are scam.... Not sure are there any local stock trading companies are scam?
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Hahaha, bursa high risk, possibly easily manipulated. I have no luck there unless trading with investor mindset.
waghyu
post May 16 2021, 01:05 PM

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QUOTE(yklooi @ May 16 2021, 11:38 AM)
Some people liked the availability of "manipulation"    nature of stock markets... You liked the price you buy it... Willing buyer willing seller.
But I personally don't like the possibility of having my money scammed even though I can get it "free"
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I prefer manipulation in highly volatile forex market. Trade safe always, make money when opportunity is right. Good luck.
waghyu
post May 16 2021, 05:30 PM

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QUOTE(terrytan @ May 16 2021, 03:42 PM)
Using money game phrase is misleading for Malaysian. It means pyramid or ponzi scheme.

It's a money market or capital market, not money game.
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True it is a game for me indeed, put money to make more money.

QUOTE(terrytan @ May 16 2021, 04:31 PM)
Hi waghyu,

I am impressed that you make everyone think that you are the only trader managed to withdraw weekly and everyone else are loser.
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Of course there are alot more succesful traders out there, yourself included as guru here. I’m just newbie in this cash printing game. I’m just make money once a while.

Those losers obvously will just keep quite inmediately once entire or part of equity wiped by margin calls after suddent spike or diveds, or even entire accounts become zero even. This depends on different broker on how the set and configure margin calls.

QUOTE(terrytan @ May 16 2021, 04:38 PM)
Dont think you should use money game to describe FX. Money game to us is ponzi scheme or pyramid scheme. No?
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It’s not ponzi at all, just need win all trades or most trades opened and trader be rewarded with profits by simple buy or sell button clicks. Nobody should associate forex trading with ponzi or pyramid scheme at all. Profits are for real from real trading.

This post has been edited by waghyu: May 16 2021, 05:34 PM
waghyu
post May 16 2021, 09:23 PM

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QUOTE(DrFX @ May 16 2021, 09:13 PM)
There is only one idiot here who is fighting for a SCAM. We dont entertain people who is defending a FX SCAM and we have no mercy for FX SCAM!

If you are looking for customer service, you come to the wrong place.
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Forex income is for real, real profit. Not scam at all, unless poor trading strategy.
waghyu
post May 16 2021, 10:20 PM

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QUOTE(DrFX @ May 16 2021, 10:19 PM)
Yes it is real profits real income with the right broker and right platform.
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Exactly correct and accurate.

 

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