Yes, you are right, it's similar to IGOFX.

They have a proprietary trading license under AUS ASIC, but it is not a broker license. Beside, this firm is under Australia ASIC investigation right now. You may submit your inquiries to Australia ASIC.

There is no way to check the trades where investors are not given live view.

When it sounds or looks TOO GOOD TO BE TRUE, it's usually NOT GENUINE.

The latest story we heard about Triumphfx is that they are telling their investors, Triumphfx is opening a Cyprus office by showing a photoshopped office and building. They are trying to confuse them between office and license.

Beside, they also started new higher return portfolio that may attract the current/new investors to reinvest. No transparency.

Obviously, this will be the indication of final round before they close shop.

Pleasure to help.

Stay away from Instaforex. Bad B book broker.

If you are trading with Charterprime Aus, then it is fine.

B book mean market maker. Bad B book mean bad ass that always burn traders accounts with poor execution and slippages.

There is no individual scammer on the list. May be someone should start one. Make sure they have full details about the scammers.

It's started in 2013 if not mistaken. Early 2015, SCAMMED first round with the reason of money being hold by New Zealand government. Bull shit*

After took a toilet paper license from Vanuatu which only cost USD10k in 2015, they are about to close shop real soon. You don't have to trust us, but try it. Many don't listen when we warned about JJPTR, IGOFX, TP EAGLES, etc. TriumphFX will be the next one.

So you think it is genuine because of constantly pay? They are paying from investors' money, no real trading behind. The reason they can last longer due to getting more innocent investors like you invested, the pyramid is getting huge. When the clock stop ticking or slowing down, that's when the scammer will close for the 2nd round.

And you think it is genuine because they are going ShangHai finance exhibition? Basically they just pay for the booth, organiser does not care what you do. The booth cost around USD5k-25k depending on size. It's a SHOW to convince innocent investors too. Not the first time from them.

Anything else we can help you?

Yes it is a tier 2 broker.

Yes, all burned for first round. Total loss.

They restart with a new toilet paper license and market with GM Trader instead of TriumphFX.

Unregulated broker is strictly prohibited.

It's an unregulated platform that claimed they are Singapore licensed which in fact they are just a normal company registration.

Added to scam list.

You can trade with XM but we heard a lot slippages.

That's something they can on and off on your account.

It does exist among them.

They are using an Indonesia based broker. As usual, the Indonesia license do not show the same company name. We believe the broker is using Belize company.

The broker web site http://www.midtoufinancials.com/about/

Yes, it is a SCAM. There is no proper license and you sense something wrong when you see the myfxbook without or extremely low drawdown.

https://www.myfxbook.com/members/OTMCapital...tal-hft/2070059

LCG is a UK regulated broker. It's definitely safe to trade with, but not Oceanic Bliss FX. It's an unregulated broker.

Hi BZG,

Please let us know what do they offer. We need more details. Seems like a China based broker.

FBS is an offshore broker without investor protections. Avoid it!

We have more than enough reasons to remove XM from our geniune list. We read many similar complaints.