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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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Equity
post May 16 2021, 04:38 PM

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QUOTE(waghyu @ May 16 2021, 10:32 AM)
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.
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Dont think you should use money game to describe FX. Money game to us is ponzi scheme or pyramid scheme. No?
Equity
post May 16 2021, 04:42 PM

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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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Many FX scams just because of a tool, MT Administrator, a backoffice tool for all MT4 platform license holder. And of cos people greed.

This tool allow scammers to manipulate trades, enter any pricing they want to enter new trades.

Let say now EURUSD is 1.2142 in real time, they can open a SELL order at 1.2200, so this position will immediately make good profits which is fake.
Equity
post May 16 2021, 04:43 PM

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QUOTE(natman @ May 16 2021, 07:35 AM)
Wow i have a account with them for sometime and didnt know they are bad ? how bad is bad may i ask ?

Mr terry seems everyone others than yours is bad i assume ? its either scam or bad mind to tell which is good ?
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I am sharing my 15 years experiences and knowledge in FX industry. If you think you know better, you are free to follow your own decision without taking my advise. End of the day, it's your own money.

This post has been edited by terrytan: May 16 2021, 04:44 PM
Equity
post May 16 2021, 04:55 PM

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QUOTE(natman @ May 16 2021, 04:52 PM)
Dr fx disrecpect  your advice ? no i did not read hello this is already about 200 pages who will read whole thing from page 1 ?

If im not welcome is fine please behave with your stupid words this is open forum and u act like u own them.

My findings and i share here means i disrespect ? hello u over sensitive lah come on la..
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To be honest, actually you behave like a scammer here as part of SamTradeFX.

This post has been edited by terrytan: May 16 2021, 04:56 PM
Equity
post May 16 2021, 05:00 PM

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QUOTE(natman @ May 16 2021, 04:50 PM)
In open forum its just a discussion and i thought as newbie im asking u are free to comment or share but u dont have to use bad words yea , I just simply dont understand why u get mad when i show u some news about them ?

I find that this thread is not for discussion or sharing when dr idiot FX say yes means its yes be the taiko of this thread  wtf
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Sorry man, 1st of all, SamTradeFX is already on DrFX SCAM list. Yet you still question and challenge. That's not the right way of asking for discussion. I personally dont agree what you did. You can ask for advise and opinion.

Not say something immature like "it is not right judge someone as scammer when there is no proof or complaint." This is wrong. Definitely wrong.

This post has been edited by terrytan: May 16 2021, 05:01 PM
Equity
post May 16 2021, 05:16 PM

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QUOTE(natman @ May 16 2021, 05:10 PM)
In case you have invested or trading with any of the scam brokers above, try your very best to withdraw your money back ASAP. If you can't take out your money, file a report or complaint to your local regulator. In most cases, it does not help as scam brokers do not hold any licenses and end up regulators unable to trace them.

Feel free to share your experiences with any other brokers and allow us to add on to above lists.

Based on all the information we provided, i hope it helps new FX investors or traders to differentiate and identify real/scam FX.

We welcome everyone who required due diligence or advise to check the genuineness of a FX brokers. After all, it's FOC. icon_question.gif

Moderator, please do not move this topic to join with general Forex spread as it will served as a WARNING to those new to Forex. Thank you.

This post has been edited by DrFX: May 8 2021, 03:24 PM
keong_boy and FX182838 liked this post
FEEK FREE TO SHARE EEXPERIENCE

Now i can say i dont have any good experience with this thread its so unbelievable. all i see is once people talk something different , show proof show your profit and if possible show your bird too.

When i ask them show proof people is scammer they get mad accusing im one of them, hello why not show some proof they are scammers correct ?
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If you learn the common tactic of FX SCAMs, you will be able to identify and prevent yourself from being scammed.

Not everyone look for proof, even you put the proof on the table, they will still challenge you. Like i said, it's your own money. Take it or leave it. After all, these information are FOC.
Equity
post May 16 2021, 05:19 PM

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QUOTE(natman @ May 16 2021, 05:13 PM)
now use budah nakal, hello !!!! im investor and im concern thats why i come to ask lah idiot why u get so mad for what reason ? if u not willing to tell just dont reply no need to accuse me on anything of u are an agent from thier competitor ? u professional trader plus professional accuser ? today no market u gone hairwired isit crazy fella
*

Every elite members here are contributing to this thread by providing all kind of FX SCAMS information. Hoping to help more innocent investors to avoid these scams.

BUT Today you are standing on the FX SCAM side and accuse DRFX misjudgement. Do you think this is right?

This post has been edited by terrytan: May 16 2021, 05:22 PM
Equity
post May 16 2021, 05:27 PM

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QUOTE(natman @ May 16 2021, 05:19 PM)
thanks and no thanks this thread is only open for yes man , when u say otherwise wow the attack is like israel attacking palestine fukin crazy
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Please dont involve any sensitive religion war here. Wrong topic.
Equity
post May 16 2021, 05:31 PM

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QUOTE(natman @ May 16 2021, 05:27 PM)
the performance chart below is before performance fees, after deduct not much left but yes better than FD rate well it has to be better than FD becasue it involve risk
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Thanks for your feedback.

I think net profit of 35% after deduct performance fee in 2020 has quite a big different with FD rate 2%.

Its 2 different products. FD is always good for those non risk taker.
Equity
post May 16 2021, 05:39 PM

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QUOTE(natman @ May 16 2021, 05:36 PM)
BTW when crypto a few years back they are being accuse of everything u name it, kindly tell me what DR FX see crypto is today ?
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What accusation you mean? Who accuse?


Equity
post May 16 2021, 09:08 PM

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QUOTE(natman @ May 16 2021, 05:46 PM)
Few years back what is bitcoin ? is a scam ? is a rubbish ? is a what ? anyone see it as it will be today ?
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Who?
Equity
post May 16 2021, 09:23 PM

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QUOTE(natman @ May 16 2021, 09:19 PM)
Something wrong with you dude go see doctor keep saying scam scam or u become scum scum ???
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This is very disrespectful.

This post has been edited by terrytan: May 16 2021, 10:09 PM
Equity
post May 16 2021, 09:28 PM

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QUOTE(natman @ May 16 2021, 09:25 PM)
do not use my parents or ill go to your office in opal to see u in person
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rclxms.gif

This post has been edited by terrytan: May 17 2021, 12:17 AM
Equity
post May 16 2021, 09:33 PM

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QUOTE(natman @ May 16 2021, 09:30 PM)
told u im here to seek answer and also find oppurtunity to invest , remember the first reply to u is are u in malaysia and stright i wanna know more of your company.

samseng or scammer ? hey dr fx reply to me is not samseng or u polish his shoe  ?
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doh.gif

This post has been edited by terrytan: May 19 2021, 02:42 AM
Equity
post May 16 2021, 09:41 PM

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QUOTE(natman @ May 16 2021, 09:35 PM)
terry if now i open an account with vesbolt will u say im a scammer again  or a investor ???
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I never say you are scammer. I said i have seen many scammers.

This post has been edited by terrytan: May 17 2021, 05:07 PM
Equity
post May 16 2021, 09:44 PM

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QUOTE(natman @ May 16 2021, 09:39 PM)
drFX openly attack everyone and always talk about regulated but did he mention about vesbolt regulated or not in malaysia but its operating in malaysia and openly looking for client in this thread. NO issue ?

Imagine all post he comment is about this is not regulated that is not regulated , so vesbolt is regulated in malaysia ? ill call up SEC to check tomorrow
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I think you clearly dont understand about VESBOLT. VESBOLT is not operate from Malaysia and it is regulated by BVI FSC.

And it is not a broker and never collect any single penny from investors.
Equity
post May 16 2021, 10:08 PM

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QUOTE(natman @ May 16 2021, 09:58 PM)
i am sorry to my past away parents if i dont do something to defend myself .
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I am sorry for loss. I take back what i said. But i hope you respect everyone effort in this forum.
Equity
post May 21 2021, 04:47 PM

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QUOTE(kirajx @ May 21 2021, 10:20 AM)
Anyone uses IC Markets? Any problems in withdrawal / deposits?
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Yes, it is world top 5 brokers in FX CFDs volumes. No issues on deposit and withdrawal.

You can try open an account here https://www.icmarkets.com/?camp=11686 .

If you cant access the web site, you can try use Opera browser with VPN enabled.
Equity
post May 23 2021, 04:28 PM

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QUOTE(hlkhoo @ May 23 2021, 03:41 PM)
Hi Terry,
Can I have your advice on FX?
I have several friends who invited me to invest in www.tfxi.com (TruimphFx) promised that they have been consistently getting a 4% return on a monthly basis.
This sounds too good to be true in my opinion.
Do you know if someone who invested in TruimphFX had actually successfully withdrawn their money?
Also, one of my friends told me that he has managed to accumulate a total of USD140K in their FX account and I supposed this is only good on "paper". Assuming,
if he were to withdraw the full amount of 140K, I'm not sure if his withdrawal accepted or not.
Just like HYIP in the past, they are actually using investors OWN money to pay back the investors but in a small percentage (over duration) and disguised as "profits".
Investors will get all hype up thinking they actually made profits and continue to deposit more money. At the end, when the bubble burst, they lost everything
including their capital as these numbers (profit) are only good on paper - NOT REAL MONEY.
So for those fake FX, do they operate in a similar fashion?

Thank you
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Hi hlkhoo,

Yes, you are welcome. I trust most of the elite members here willing to advise.

Well said, TriumphFX is running on the same fashion, HYIP, Ponzi scheme or Pyramid Scheme. The only different is they convinced innocent investors by showing the fake trades. In fact, all fake FX running on the same fashion.

You should encourage your friend to make full withdrawal of USD140k. It's never too late to reinvest later if he wish to continue play the game.
Equity
post May 29 2021, 04:56 PM

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QUOTE(darks0r4 @ May 29 2021, 03:19 PM)
Hi All,
I just start trading on OctaFXreal UK account for about 2 months++ almost every day now with a few hundred ringgit deposit.
I was getting familiar the timing to deal.
I want to put some more deposit but i may need more advise about things i need to be careful such scams or issues when we want to withdraw our profits...

1. OctaFX is good broker or i should consider other broker.
2. I hear from someone that i will never get the money back if bnm caught me trading fx.
3. I am self taught through mainly YouTube videos. So the actual rules and regulations are very unknown for me. To be honest...i just scared i get decent profit but i cannot get them..

Direct me to videos or articles also great.
Thank you.
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1. OctaFX is an offshore broker. Yes you should consider other broker.
2. Not really, you can always withdraw with local withdrawal facilities.
3. https://forum.lowyat.net/topic/3774126 There are many better options here.

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