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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 Nov 30 2017, 07:41 PM

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QUOTE(silversuave @ Nov 25 2017, 01:15 PM)
How about fxopen?
Is it genuine? I read it it under fca but there are also comments that it is a bucket shop.

I am looking for a genuine broker that is relatively easy to deposit and withdraw money. Any recommendation?

For oanda, is it easy to transfer money to and back from Singapore? Read somewhere that it is difficult to TT through banks in malaysia due to bnm regulation
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There are many bad reviews about FXOpen in the past.

You need to make sure your account is under UK FCA for better transparency and investors protection.
TSDrFX
post Nov 30 2017, 07:52 PM

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New SCAM in town!

MG Falconer, a new TP Eagle founded by the same owner. They moved their victims over and locked their funds for another year. Using Hong Kong company and bank account, pretty much run as unregulated FX company that may end up like IGOFX with manipulated trades! We understand HK SFC has began their investigation and if you dont want be the next victims, stay away from this scam!

TP Eagle victims have no choice but to try their luck and move over. We expect the scammers will loss all the investors money using manipulated trades by end of next year. This is the easiest way for them not to pay TP Eagles debts and run with victims money.

This post has been edited by DrFX: Nov 30 2017, 07:54 PM
TSDrFX
post Dec 1 2017, 04:22 PM

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QUOTE(ched6560 @ Dec 1 2017, 01:10 AM)
Try use Tickmill. Can use Local Depo or netteller for deposit and withdraw. ECN Broker. Pm me or whatsapp 010 - 873 6560 for info.  rclxms.gif
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Please be reminded that brokers who offer local deposit usually have higher exchange rate. And it must be going through a licensed payment gateway.

Tickmill has 2 licenses, UK FCA and Seychelles. So make sure your account is trading under UK FCA.
TSDrFX
post Dec 1 2017, 11:32 PM

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QUOTE(ched6560 @ Dec 1 2017, 10:22 AM)
Yes sir,

Tickmill regulated with FCA & FSA.

Can find additional info:
Tickmill Homepage

To use Local Depo, need to register under Seychelles.
Feel Free to join Group Telegram Trader Tickmill:
https://goo.gl/KjNMc7
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That's a big NO.
TSDrFX
post Jan 26 2018, 09:26 PM

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QUOTE(damtwb @ Jan 23 2018, 11:59 AM)
Hi any advise for this UK broker FintechFX or My Group Fintech Co Pty Ltd? Thanks
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Please provide the web site URL. Thank you.
TSDrFX
post Jan 27 2018, 11:58 PM

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QUOTE(Misstan @ Jan 27 2018, 08:54 AM)
Why say Sentratama investor future is scam?
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Manipulated trades mean fake trades.

Using company that different from their Indonesia license. ABC Limited and ABD Limited are both different companies.
TSDrFX
post Jan 28 2018, 12:00 AM

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QUOTE(blue16 @ Jan 27 2018, 11:07 AM)
anyone using GCM asia ?
good to use?
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Never heard of. Where do you send the fund to?
TSDrFX
post Feb 6 2018, 04:29 AM

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QUOTE(blue16 @ Jan 29 2018, 09:29 AM)
i just search through the internet and found lots of complaints on this company. i think i just avoid it.

it is sub broker from fortrade which is licensed by FCA. yet, GCM which under them doesn't really regulated.
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We are happy that you did your own DD.
TSDrFX
post Feb 24 2018, 04:33 AM

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QUOTE(AriesChai @ Feb 21 2018, 11:14 PM)
The web site stated that the company is under St. Vincent and the Grenadines. The group also under US NFA and Australia ASIC but not license as a broker. It should be a proprietary trading license.

Anyway, make sure your accounts or funds are under US NFA or Australia ASIC.

NEVER EVER trade or invest under unregulated St. Vincent offshore company.
TSDrFX
post Feb 24 2018, 04:34 AM

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QUOTE(duplicated @ Feb 20 2018, 06:01 PM)
Not sure if they have a regulator at all. Even if Vanuatu is their regulator, it is not recommended.
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Vanuatu is scam heaven, rubbish regulator and toilet paper license.
TSDrFX
post Feb 24 2018, 04:35 AM

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QUOTE(juliusgoh22 @ Feb 20 2018, 05:03 PM)
Hi , Sorry for asking this , Is sfx-markets a scam or a legit broker ? I'm new in this field (investor)
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SCAM! cool2.gif
TSDrFX
post Feb 25 2018, 02:09 AM

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QUOTE(mrdamncool @ Feb 24 2018, 11:39 AM)
Hi,

Anyone experience fullerton markets? Heard that the offers is good.
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Fullerton markets is not holding a proper financial license, they are registered under New Zealand FSPR. It's not a license. There are no investors protection.
TSDrFX
post Feb 25 2018, 02:19 AM

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QUOTE(AriesChai @ Feb 24 2018, 01:17 PM)
https://www.mia491.com/

https://app.mia491.com/

https://www.myfxbook.com/en/members/MIA491

https://www.odincapital.com/

https://fintechfx.com/

one of my relative have invest in MIA, they say they are marketing company under Odin and the new Fintechfx, is this a scam?
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https://www.myfxbook.com/members/MIA491/jam...arrison/2267699

What is the performance tell you? No traders on earth can produce this kind of performance. 12% monthly with only 1% drawdown?

Clearly it's a BIG scam like IGOFX.


TSDrFX
post Mar 23 2018, 03:04 AM

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QUOTE(eikozai @ Mar 23 2018, 01:36 AM)
I've been trading via SFX-Markets for quite some time
No problem at all, very smooth in deposits and withdrawing money.

This month they have enforced an Anti-Money Laundaring law where your capital will need to be withdraw back to the source, and pure profits can go anywhere you wished.
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SFX-Markets is a SCAM. Creating numerous fake performance for few money managers to sell their managed funds products. Majority end up accounts burst!

Enjoy your self trading as long as not investing on the fake MAM/PAMM.
TSDrFX
post Mar 25 2018, 09:57 PM

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QUOTE(cmk96 @ Mar 24 2018, 10:02 PM)
Depends who you ask. 10% is easy for pro traders. 1 day can hit.
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That's right, everything is possible. The question is how consistent the trader can produce that kind of returns.
TSDrFX
post Mar 27 2018, 02:35 AM

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QUOTE(Ilogic @ Mar 26 2018, 11:13 AM)
Hi.im new. Wnna ask bout this segregated acc.
My sibling already invest in little amount in MIA.
Their web stated ttht they have segregated acc but i dun see  virtual acc(usualy we hv it in stock trading) of my sibling.
Or is thre  any diffrence system btween stock trading n forex bout this segregated acc?
N smething bout deposit also confusing me bcoz they had us to do deposit to private acc(not into a virtual acc of investor) which can be diff in 1st n  2nd deposit..
So hw do we know tht they put our money in segregated acc?
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If they do not hold a proper license, segregated account is just a gimmick. So first, make sure they are having a good financial license.

2nd. Funds must go to the licensed company segregated bank account. Do not bank in to any 3rd party bank accounts and also beware when they request you to bank in to an account under different country where they hold their license.

So if they ask you to bank in to some other accounts, then you should know the answer whether they are genuine or not.

Be very careful and stay alert!
TSDrFX
post Mar 28 2018, 03:57 AM

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QUOTE(Malformed @ Mar 27 2018, 08:48 AM)
Ive seen ptfx listed for quite sometime in this thread as scam but my friend have been withdrawing money consistently. How to tell if it is a scam?
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Pyramid scheme also able to withdraw money consistently until they shut it off.

Remember JJPTR?
TSDrFX
post Mar 28 2018, 04:01 AM

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QUOTE(Ilogic @ Mar 27 2018, 07:07 PM)
Thank u fr responding.
Mia. They r using mt4 platform fr trading  but instead of delivering real time trading they  give us only the report of result frm the trading in which they reason to prevent copy trade frm unofficial users.(this has been quite a bother)
Wht is ur view point bout this?
Ive attached a file related
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If they hold proper license without any hanky panky fund in or any marketing plan, basically it's fine not to provide live view only password.

If they are doing so without proper license, they are trying to avoid experienced traders to verify the trades by duplicate real time to a genuine broker. Eventually we are able to detect the opening price different between real time and their "orders".
TSDrFX
post Apr 10 2018, 04:11 AM

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QUOTE(solomon58 @ Apr 2 2018, 07:10 AM)
Hello @DrFX,  my friend is currently working at Pentagon Business Centre at Hampshire Place Jalan Ampang. She applied for Ast. Manager position from Indeed.com. The f'up thing is she went for IV and said that her jobscope suddenly change to being IB for company called starling gold based in HK. I told her that that company is a fraud but she didn't believe me. After went for training for 2 weeks she tried to convinced me to invest USD10K. She said the company never had loss of their investors money and had no problems with BNM which i believe is BS!  She seems to be hypnotized with what the company had fed her and now she is awaiting for her personal loan of RM40K to approve. Need your advice on what should I do and I hope people that have been scammed by this company could reply to this post as well. Thanks
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The true lesson is let her learn the lesson once she was scammed. But we preferred not, this is why we are here. Lead her to this forum.

People never learn until they were scammed. Then they either hide themselves or just gave some excuses that someone said is real.

You need someone with experiences to convince her that it is a scam. There is no such thing called never loss in trading. And you are right, it's BS!

So now scammers use vacancies strategy to aim newbie or fresh grad.
TSDrFX
post Apr 10 2018, 04:13 AM

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QUOTE(Malformed @ Mar 28 2018, 08:43 PM)
I think ptfx has been listed on this thread for quite some time and still running. And why is ptfx a scam? Im not saying im right but why? They dont use new money to pay off old members. You select traders of your choice and they perform differently.
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How do you know they dont use new money to pay off old members?

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