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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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TSDrFX
post Jun 11 2017, 04:34 PM

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QUOTE(duplicated @ Jun 11 2017, 04:08 PM)
I think it's unfair to label them as a scam from the recent heavy losses by Vladislav. Unless if we can find an association of the broker, IGOFX and the trader, Vladislav. If someone could prove that they are working together and purposely made the losses, then we could label IGOFX as a scam.
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Beside, there is no such person exist in this world. It's a dream performance created by IGOFX owners to scam like JJPTR.

It works exactly like ponzi scheme. The performance is just the illusion to attract innocent newbies.

Wake up folks!

This post has been edited by DrFX: Jun 11 2017, 04:35 PM
TSDrFX
post Jun 12 2017, 02:48 PM

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QUOTE(duplicated @ Jun 12 2017, 01:48 PM)
You should keep things objective and provide the evidences. Doesn't matter if I have a lot to learn or if I am actually making a lot of money, that's not relevant. We are here to alert the newbies about scam brokers and we should provide evidences or at least a doubt. If you think that Vladislav is associated with the broker, explain it and share it. Do not simply say this is a scam and that is a scam.

I personally think IGOFX is very likely to be a scam because of the nature of their broker's set up, market maker. I am trying to help DrFX in making this thread more 'reliable' rather than just being speculative.

Here you said that there's no actual liquidity provider for IGOFX or no real trades were being executed by Vladislav, please provide the evidence. You are here to help and not to launch personal attacks, right?
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Hi duplicated,

The fact that when you asked for evidence, you are challenging our decision and refuse to accept what we have provided.

AGAIN WE WOULD LIKE TO REPEAT, IF YOU ASK FOR EVIDENCE, PLEASE FIND IT YOURSELF. TO FIGHT SCAMS, WE ARE USING INDICATIONS. YOU WONT ASK THE SCAMMER TO PROVIDE YOU THE EVIDENCE THAT THEY ARE NOT A SCAM BECAUSE THEY WONT KILL THEMSELVES.

So if you want evidence, go ask IGOFX owners to provide you their liquidity provider (top tier licensed) daily/monthly statements. WE GUARANTEED THEY DONT HAVE IT.

We have mentioned in our previous posts, IGOFX using toilet paper VANUATU license worth RM10k which is no credibility, no investor protection, no MT4 live trading, fake web report, etc. We have explained and shared after investigation. Did you read?

After IGOFX game over, still refuse to accept the fact it is a scam? May be you make a lot money from it, so what about those who are scammed with major losses?


TSDrFX
post Jun 12 2017, 02:49 PM

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QUOTE(MNet @ Jun 12 2017, 02:34 PM)
yes please provide evidence if u say igofx trade is not feed to LP
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Somehow you are acting like a newbie after we thought you are professional.
TSDrFX
post Jun 12 2017, 11:58 PM

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QUOTE(duplicated @ Jun 12 2017, 03:33 PM)
If you have stated it earlier then it's fine. Because this is a new case, just happened a few days ago and I did not know that you have actually mentioned it in the past.

However, I would appreciate that you keep things professional and less emotional. You know that capitalised letters mean shouting, don't you?
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We have to put it CAPITAL or Big FONT, so it's clearer, probably should make it red color. We would like to apologise for the cap.
TSDrFX
post Jun 13 2017, 12:11 AM

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QUOTE(AllnGap @ Jun 12 2017, 09:19 PM)
my brother was approached by his friends on this.
so i posted this last year if not mistaken.

if it's not a scam also u shouldnt be on this broker because the spread is simply too high, 2 times the spread for normal broker


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Thanks for sharing. This scam is game over few days ago.
TSDrFX
post Jun 14 2017, 01:45 AM

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QUOTE(le_su @ Jun 13 2017, 10:02 AM)
Being a newbie and know nothing about Forex, I had been conned by this scheme(IGO) and invest in Jan 17. Luckily I google and found this forum and quit in Apr. I really want to thanks DrFX (and the rest who share) to be willing to share and enlighten us. Being someone who know nothing about Forex, at first sight IGO really sounds convincing. Even if I'm being scolded and shouted, it's definitely my greed and stupidity. Again, thanks to this group. I don't know how many people you've safed, but I'm definitely one of them. THANK YOU!
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Thank you le_su for your testimonial. We are glad to know that you managed to escape in time. We hope this thread able to help more people.

We also would like to thanks those who help without taking credits.

This post has been edited by DrFX: Jun 14 2017, 01:57 AM
TSDrFX
post Jun 17 2017, 04:12 AM

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QUOTE(dragonnasa @ Jun 15 2017, 03:07 PM)
Hi Dr.FX,

Do you have any idea on Forex.ee ? Cause I can't find it in any of your list here.
Your advise are very much appreciate, thank you.
notworthy.gif
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Hi dragonnasa,

It's an unregulated FX broker. There is no investor protections. AVOID AT ALL COSTS!
TSDrFX
post Jun 17 2017, 05:10 AM

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QUOTE(J&J+Cs @ Jun 16 2017, 02:23 PM)
Dear DrFX

Any idea about VIBHS Financial Ltd with FCA license , website shown VARIANSE is a trading name of Vibhs Financial Limited. Is safe to trades with this broker ?

They also provide MAM or PAMM account for investors. Really wish no more victims as igofx happen agian to us. This is the info i have now. Need professional to help.

I sincerely Thanks to Dr. Fx and lowyat.net provide us such a GREAT platform over the world, how to avoid our hard earned money being SCAM.

Thank you very much.

Vibhs Financial Limited would be another big wave if they are SCAM program.
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Hi J&J+Cs,

Would you mind to provide us more information regarding this company offer? If they offered MAM or PAMM, do you have their myfxbook or any track records?

Apparently it seems like a genuine FX broker under UK FCA.


TSDrFX
post Jun 19 2017, 02:04 AM

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QUOTE(J&J+Cs @ Jun 19 2017, 12:31 AM)
Sorry i don't have much info about VIBHS . ( £ 1,367,016 capital as 30 Nov 2016 ) not sure am i correct    confused.gif

rumours said TP Eagles going to use this broker for trading after discontinued partnership with MGMC.

If with FCA broker , all trades should be transparent & with live mt4. So , is SAVE for us to invest right ? More confident to funding now  hmm.gif

Please advise

Thank you very much

Good night
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It's all depend on where do investors funding. TP Eagles is a ponzi scheme without transparency.

After IGOFX game over, next will be TP EAGLES and GM Trader (TriumphFX) although TriumphFX has scammed once.

This post has been edited by DrFX: Jun 19 2017, 02:05 AM
TSDrFX
post Jun 19 2017, 10:46 PM

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QUOTE(jack2 @ Jun 19 2017, 01:45 PM)
GM Trader is still exist?
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Yes. 2nd round.
TSDrFX
post Jun 19 2017, 10:48 PM

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QUOTE(Seng_Kiat @ Jun 19 2017, 07:52 AM)
How about xm ?
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XM is a FX broker under Cysec. If your deposit is not big, it's completely fine.
TSDrFX
post Jun 19 2017, 10:58 PM

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QUOTE(Dianayss @ Jun 19 2017, 10:17 PM)
Dear DrFx, any idea about PFX and instaforex ??
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You mean PTFX?

Instaforex is never be a broker that we will recommend.
TSDrFX
post Jun 20 2017, 05:16 AM

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QUOTE(SKL @ Jun 20 2017, 03:19 AM)
Dear DrFx, any idea about FBS
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FBS is a Belize offshore based FX broker. Not recommended.
TSDrFX
post Jun 20 2017, 06:48 PM

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QUOTE(lowlaywei87 @ Jun 20 2017, 06:01 PM)
Guys, this is the previous account that I opened earlier, IGOFX comes out with this clarification biggrin.gif
Is their explanation legit ? Hehehe
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Whatever reason or clarification they gave is unacceptable due to lack of transparency. It's just an excuse to close the game and run away with investors money.
TSDrFX
post Jun 20 2017, 09:04 PM

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QUOTE(J&J+Cs @ Jun 19 2017, 12:31 AM)
Sorry i don't have much info about VIBHS . ( £ 1,367,016 capital as 30 Nov 2016 ) not sure am i correct    confused.gif

rumours said TP Eagles going to use this broker for trading after discontinued partnership with MGMC.

If with FCA broker , all trades should be transparent & with live mt4. So , is SAVE for us to invest right ? More confident to funding now  hmm.gif

Please advise

Thank you very much

Good night
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A WARNING LETTER FROM VIBHS ABOUT TP EAGLE CLONING/FRAUD


VIBHS Financial does not and has not maintained any relationship with a firm called TP Eagle. For clarification, cold calling is when a person makes an unsolicited telephone call to someone in an attempt to sell goods or services, or to obtain personal details from someone with whom they have no relationship.

We have made the FCA aware of this situation and would urge anyone receiving a cold call from anyone pretending to be from TP Eagle / VIBHS Financial to be extra vigilant and not divulge any personal details. The firm would also be grateful if you would advise it if any such call is received and if you have any concerns about anyone calling you on behalf of TP Eagle / VIBHS Financial, please let us know and we will forward the details onto the appropriate authorities.

VIBHS Financial takes the trusted relationship it maintains with its client’s and their security very seriously and will do everything in its power to ensure that this trust and protection is not prejudiced at any time.

If you have any queries, please do not hesitate to contact us by emailing

Kind regards


Lee Holmes
Head of Sales
020 7868 2377


Vibhs Financial Ltd.
68 Lombard Street.
London, EC3V 9LJ
FCA #613381
TSDrFX
post Jun 22 2017, 10:48 PM

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QUOTE(rionlaw @ Jun 22 2017, 06:51 PM)
Good day, can i know how to justify if this is an unregulated FX broker?

I have doing some checking on this company as well using below website.

https://register.fca.org.uk/ShPo_FirmDetail...b000000OHJnoAAH
Saw that this company has given permission to provide regulated products and services.
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Hello rionlaw,

Our answer is about Forex.ee .

This post has been edited by DrFX: Jun 22 2017, 10:48 PM
TSDrFX
post Jun 28 2017, 08:04 PM

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QUOTE(you90 @ Jun 27 2017, 03:48 PM)
Yes I heard of, relative strongly recommend me to join, did you invest in this?
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Pollywood is another scam of MBI.
TSDrFX
post Jun 29 2017, 05:13 AM

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QUOTE(xxx2299 @ Jun 28 2017, 09:07 AM)
Dear DrFx,

I have invested in managed investment plan from Nordhill Capital who partners with SFX Markets as broker. I read your listing having both of them as scam.

Is my understanding correct:
1) money invested is held by SFX
2) Nordhill manager opens and close trades using SFX platform

Nordhill has another investment plan that partners with Hantec Markets which is regulated under uk fsc.
Would this change Nordhill listing in scam?

Thanks
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Woking with Hantec Markets doesnt make Nordhill Capital a genuine program. With all the manipulated performance statements under SFX Markets, we stick to our decision by listing SFX, Nordhill Capital and FXMAC as SCAMS that under the same umbrella.
TSDrFX
post Jul 1 2017, 05:00 PM

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NEW ADDED


We have added FG GLOBAL ENRICH on the scam list as an unregulated FX firm without transparency. They are white label of Fullerton Markets and offer monthly ROI 2-6%. They also mentioned that they are able to cover their losses with the spreads earning. We understand it's an old story line that has been used by other SCAM FX as well.

If anyone can prove they are doing proper FX trading, feel free to share.

This post has been edited by DrFX: Jul 1 2017, 05:00 PM
TSDrFX
post Jul 12 2017, 12:43 AM

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QUOTE(moonstone13 @ Jul 2 2017, 06:27 PM)
Dear sifus,

Just wondering if anyone has further info wrt Sentratama investor future? Anyone with experience with this broker?

I notice its on the "scam list"... any official grounds or statements for this?

I know quite a few of my friends joined in well over a year and I'm just curious about the legitimacy of this.

Any further information would be much appreciated.

Thanks!!
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You have the statements on your quote.

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