Can. Just do a buy sell transaction and withdraw it. Only IBKR don't allow it.

Example. Sell USD.SGD to get SGD from USD. Or buy USD.SGD to convert SGD to USD.

Some people use buy USD.SGD to get USD and then withdraw from IBKR. This will flag IBKR if do enough time.

I forgot to add this part. Forex brokers operate with an account based currency, so if you open an account with SGD base currency and deposit with SGD, you can change your account's base currency to USD and it stays as USD, even if you deposit SGD. How many times you can keep converting the base currency of the account before getting flagged by them is another story.

You didn't see it as per my explanation in my previous posting. Only a handful of forex brokers have accounts with multi currency as most only accepts USD as their base currency. Oanda in Singapore has SGD based account instead of USD.

So there is no broker which allow SGD deposit?

Why not?

Another big FX scam collapsed. The scam FX Indonesian owner is enjoying life with the scammed money. Hope those saw our post withdraw their fund earlier.

Kaput already. Broker owner Djohan Darmadi and his UTS gang led by Ernest Lee took all the money. No one gets paid now. Lot's of people cannot tahan already but was told by marketing people to keep quiet because the more they complained they more unlikely they would get money back.

I am not part of them so I can still enjoy watching these videos.

youtu.be/7m3PVdzxiM4
youtu.be/RyRbmOiLR8o?si=f9f_EvFP7_CXBdV6
youtu.be/uWCG3ouRoAw
youtu.be/MnHrb2gBTBs

No lah, I heard they stopped paying everyone since mid 2023.
So people "tahan" not getting paid only for less than a year. Lol

Oh ya, is it really 10 years already? I thought Sentratama came out around 2016, ok roughly 10 years.. Wow.. time flies. Lol..

This apek botak, the scammer, apparently he has powerful people in Malaysia supporting him so he is untouchable. Everyone knows it's him but you can't do anything to him.

Malaysia judiciary system so corrupt,  a friend of mine, a Malay lawyer, just migrated to Japan. He said he sees no hope.

DrFX, you are spot on!

I make life easy for you. Lets see if the scammers can shut down vimeo. Watch in chronological order

English
https://vimeo.com/940094579?share=copy
https://vimeo.com/940080313?share=copy
https://vimeo.com/940100626?share=copy
Chinese
https://vimeo.com/940082922?share=copy
https://vimeo.com/940110378?share=copy
https://vimeo.com/940075792?share=copy
https://vimeo.com/940121758?share=copy

I kena la. i am sure many more kena just scared to come here. maybe malu kena scam

Everybody checked here lah. I know a few relatives and co-workers who kena.

Problem is his brokers have been paying people until 2022. And also everybody knows him, all good friend with him, and never in their dream they would imagine this ONE man dare to betray everyone and steal from 8000+ people and still walk around freely.

And he did not do what you think he would do - he did not crash the accounts. The accounts still healthy but he just doesn't pay withdrawals. But this guy is cunning, he doesn't have any intention to pay but he still tell everyone he will pay soon, next month, and then next month and next month.

If you dare to challenge him, sue him, make police report against him, he would say bring it on, he turn everyone against you who dare to challenge him, saying because you make noise he cannot pay everyone. He thinks he has "kau tim"  the entire country, from police to bank negara to politicians, everyone work for him, even including the "underworld", powerful spirits are protecting him! so he's not afraid of you.

Plus honestly, if you dare to go against him and never back down, how difficult it is to get rid of you? Market price only few thousands?
😅😅😅

I kena la. i am sure many more kena just scared to come here. maybe malu kena scam

Hi Jack,
since this issue affects so many people I will elaborate a bit more on this scam. The central person in question here is Djohan Darmadi who is an Indonesian Chinese. He is the brokerage owner and used his regulated Indonesian forex brokerage firm called PT Sentratama Investor Berjangka to lure thousands of clients since at least 2016 to open accounts there.

Once the clients opens their account, they are told to remit funds to an unregulated account with similar name called PT Sentratama Investor Future. When clients questioned him on the different company name he would tell them that both companies are regulated by BAPPEBTI. Berjangka translated to English is Futures which made many think that both company names were just the same regulated brokerage company. This is the centre of the scam as once the money is transferred to the unregulated PT Sentratama Investor Future, basically everyone stupidly transferred their money into a scam brokerage firm which Djohan Darmadi had full control and ownership of. So many people trusted Djohan, the people are mainly Malaysian’s, Indonesians, Singaporeans and Philippino’s. In return for the trust in him and his businesses, he screwed them over for every single cent.

Please refer to the regulated BAPPEBTI link which shows the actual regulated company name (PT. SENTRATAMA INVESTOR BERJANGKA) and even the regulated company bank accounts.

https://bappebti.go.id/pialang_berjangka/detail/003

Legal action is underway in Indonesia against PT Sentratama Investor Future. See link below

https://www.tvonenews.com/ekonomi/191964-ha...jangka-disomasi

Even in Malaysia Djohan Darmadi opened another brokerage firm in Labuan called UW Global (UWGI). After many complaints to the regulator from clients who closed their accounts and did not receive their monies, LFSA finally acted in December 2023 and put UWGI on business restriction.  See company number 20 in the link below.

https://www.labuanfsa.gov.my/general-info/i...censed-entities

LFSA went a step further to dispel the lies being told by UWGI and it’s puppet Director Fenddy Hamson. They lied to clients saying that due to business restriction, they are now unable to payback clients as their business accounts were frozen. LFSA gave clear clarification via their website on January 2024 saying the business restriction EXCLUDES “attending to request for
refund for withdrawal and closure of account AND UWGI to take immediate action to honour and pay all overdue payments to its existing clients.” See Link below.

https://www.labuanfsa.gov.my/general-info/i...n-uw-global-inc

Now his other SCAM brokerage is in Dubai called Maxwell Global DMCC which recently changed the company name to Quantum Prime Trading DMCC. This scam brokerage is also unregulated but as you can see in the videos Djohan say’s DMCC is the regulator but investigation shown in the videos clearly show that this is another lie to continue his scam. The Quantum Prime Trading DMCC is run by some CEO called Bashar. This guy has been telling clients that they will be receive their money for months and months and months, yet a single cent has been received. When asked to send proof of any transfer, even that he failed to do - SCAM!.

Clients be aware from these lessons learnt here as other scammers also use these methods to scam your money. We have lost millions of dollars in total and all we can do now is expose the scammer and his methods.

Any other questions please let me know. Just trying to help others to at least understand why they lost their money and how to avoid these scam pitfalls in the future.

Hi Jack,
since this issue affects so many people I will elaborate a bit more on this scam. The central person in question here is Djohan Darmadi who is an Indonesian Chinese. He is the brokerage owner and used his regulated Indonesian forex brokerage firm called PT Sentratama Investor Berjangka to lure thousands of clients since at least 2016 to open accounts there.

Once the clients opens their account, they are told to remit funds to an unregulated account with similar name called PT Sentratama Investor Future. When clients questioned him on the different company name he would tell them that both companies are regulated by BAPPEBTI. Berjangka translated to English is Futures which made many think that both company names were just the same regulated brokerage company. This is the centre of the scam as once the money is transferred to the unregulated PT Sentratama Investor Future, basically everyone stupidly transferred their money into a scam brokerage firm which Djohan Darmadi had full control and ownership of. So many people trusted Djohan, the people are mainly Malaysian’s, Indonesians, Singaporeans and Philippino’s. In return for the trust in him and his businesses, he screwed them over for every single cent.

Please refer to the regulated BAPPEBTI link which shows the actual regulated company name (PT. SENTRATAMA INVESTOR BERJANGKA) and even the regulated company bank accounts.

https://bappebti.go.id/pialang_berjangka/detail/003

Legal action is underway in Indonesia against PT Sentratama Investor Future. See link below

https://www.tvonenews.com/ekonomi/191964-ha...jangka-disomasi

Even in Malaysia Djohan Darmadi opened another brokerage firm in Labuan called UW Global (UWGI). After many complaints to the regulator from clients who closed their accounts and did not receive their monies, LFSA finally acted in December 2023 and put UWGI on business restriction.  See company number 20 in the link below.

https://www.labuanfsa.gov.my/general-info/i...censed-entities

LFSA went a step further to dispel the lies being told by UWGI and it’s puppet Director Fenddy Hamson. They lied to clients saying that due to business restriction, they are now unable to payback clients as their business accounts were frozen. LFSA gave clear clarification via their website on January 2024 saying the business restriction EXCLUDES “attending to request for
refund for withdrawal and closure of account AND UWGI to take immediate action to honour and pay all overdue payments to its existing clients.” See Link below.

https://www.labuanfsa.gov.my/general-info/i...n-uw-global-inc

Now his other SCAM brokerage is in Dubai called Maxwell Global DMCC which recently changed the company name to Quantum Prime Trading DMCC. This scam brokerage is also unregulated but as you can see in the videos Djohan say’s DMCC is the regulator but investigation shown in the videos clearly show that this is another lie to continue his scam. The Quantum Prime Trading DMCC is run by some CEO called Bashar. This guy has been telling clients that they will be receive their money for months and months and months, yet a single cent has been received. When asked to send proof of any transfer, even that he failed to do - SCAM!.

Clients be aware from these lessons learnt here as other scammers also use these methods to scam your money. We have lost millions of dollars in total and all we can do now is expose the scammer and his methods.

Any other questions please let me know. Just trying to help others to at least understand why they lost their money and how to avoid these scam pitfalls in the future.

The guy is really the ultimate joker,
"If you don't like, close account and take your money lah!"

Yeh right... close account and never received a cent ..wkwkwkwkwkwkww
🤣🤣🤣🤣🤣🤣🤣🤣🤣

Hey jack, got a question, how can people still register user account with lowyat forum ? Who has authority to give our invitation code??

Has anyone perform fund transfer to axi.com?
Axi is stated as genuine broker but when I attempted to add funds, it leads me to some suspicious website like

cart.lala-move.online

and asked for my bank login credential.
Anyone attempted before?