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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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jeffjeremiah P
post Jul 13 2020, 01:21 PM

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QUOTE(DrFX @ Jul 10 2020, 04:52 PM)
Arbitrage is not possible for Cryptos. They are creating new "story" to raise fund by operating as ponzi scheme.
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Is this fact or opinion?
https://www.google.com.au/amp/s/www.cryptog...made/%3famp=yes
dwRK
post Jul 13 2020, 02:01 PM

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QUOTE(terrytan @ Jul 9 2020, 09:56 PM)
Hi jeff,

Logically there is no way cryptos can generate profits with arbitrage trading due to wider spreads and insane swap.

Sounds like a scam to me. Any cryptos expert want to share?
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QUOTE(jeffjeremiah @ Jul 10 2020, 10:54 AM)
I’m totally novice in this area. However my observation of different exchanges (e.g. Binance or Kraken) is that the crypto prices are different at any given time, therefore you can profit by trading on the differences. Whether or not that’s possible on a big scale and consistently is another story, yes would be glad to hear the thoughts from experts.
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QUOTE(DrFX @ Jul 10 2020, 04:52 PM)
Arbitrage is not possible for Cryptos. They are creating new "story" to raise fund by operating as ponzi scheme.
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yes can profit from arbi... used to be quite easy, nowadays quite hard and margin quite small ... those with big price gap guaranteed you'll find deposit and withdrawal is temporary suspended on the exchanges, or some crap/dodgy exchange you might not get your money out...

if someone says can consistently big profit from arbi... good luck
Equity
post Jul 13 2020, 04:09 PM

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QUOTE(jeffjeremiah @ Jul 13 2020, 01:21 PM)
This is marketing. The app owner is selling the tool.

These tools can be rubbish. If it is good money to trade arbitrage on cryptos, they already do it themselves. Not selling the tools.
puremage111
post Jul 13 2020, 04:43 PM

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https://www.amanacapital.com/
https://www.amanafs.co.uk/

Checked on FCA site, FCA regulated broker
But is both of the website the same broker?
TSDrFX
post Jul 13 2020, 05:10 PM

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QUOTE(puremage111 @ Jul 13 2020, 04:43 PM)
https://www.amanacapital.com/
https://www.amanafs.co.uk/

Checked on FCA site, FCA regulated broker
But is both of the website the same broker?
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This is a genuine broker. You can check with the broker on the validity of both web sites to avoid any clone site.
SUSMNet
post Jul 14 2020, 10:31 AM

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QUOTE(Ysabel @ Jul 13 2020, 11:15 AM)
He let me choose from FXTM, VantageFX, Charterprime, Advanced Markets. He told me that he can trade in other platform as well, if I have any preferred broker.
I chose VantageFX and Charterprime, as I already have accounts in this two platform.
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Manual trading or using algo trade?
Ysabel
post Jul 14 2020, 05:16 PM

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QUOTE(MNet @ Jul 14 2020, 10:31 AM)
Manual trading or using algo trade?
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He said he uses semi automated trading.
Chyan
post Jul 16 2020, 12:52 PM

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Scammers are aplenty out there promoting on social media and even schools and universities with their spanking Rolex and sports cars. Be careful guys. biggrin.gif

This post has been edited by Chyan: Jul 18 2020, 01:52 AM
jack2
post Jul 16 2020, 01:38 PM

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QUOTE(Chyan @ Jul 16 2020, 12:52 PM)
Those kena scammed by GCG/Midasama thought they can get their money back by another scammer. laugh.gif
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lol.. credit bonus... tongue.gif
Chyan
post Jul 16 2020, 11:14 PM

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QUOTE(jack2 @ Jul 16 2020, 01:38 PM)
lol.. credit bonus... tongue.gif
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You know who's the broker right laugh.gif laugh.gif
Chyan
post Jul 16 2020, 11:14 PM

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QUOTE(jack2 @ Jul 16 2020, 01:38 PM)
lol.. credit bonus... tongue.gif
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You know who's the broker right laugh.gif laugh.gif
Gravity
post Jul 17 2020, 05:01 PM

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QUOTE(Ysabel @ Jul 14 2020, 05:16 PM)
He said he uses semi automated trading.
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the result looks good. Can your friend trade for other ppl also? please check your pm tongue.gif im interested
keongzai94
post Jul 18 2020, 12:36 AM

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Hey guys, I saw lots of ads from XM and one of my housemate is using it to trade Oil. I created an account, got $30 credit bonus from them and started to trade with that $30 for a few months now just to learn and feel the market. I've seen lots of complaints on forexpeacearmy and decided not to invest any money in it.

I just wanna ask all senpais here that if XM is a good broker or not based on personal experiences. And anyone has any recommendation for good brokers that you had used or has experienced with for at least a few years?
khoonming P
post Jul 23 2020, 05:42 PM

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Anyone giving comment about UTS(Union Trader Society???they are perceive as a service provider and offer investors fund management service from a fund manager firm from russia, named GFS ( Global Financial Solutions) and they are partnering with a broker named PT Sentratama Berjangka from Indonesia.

they offer 3%-7% returns monthly.


kuladruw
post Jul 23 2020, 08:47 PM

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QUOTE(khoonming @ Jul 23 2020, 05:42 PM)
Anyone giving comment about UTS(Union Trader Society???they are perceive as a service provider and offer investors fund management service from a fund manager firm from russia, named GFS ( Global Financial Solutions) and they are partnering with a broker named PT Sentratama Berjangka from Indonesia.

they offer  3%-7% returns monthly.
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are you able to contact the fund manager or related person directly? if yes, ask them use the following broker which has already pamm, there are ppl will invest on them as long as they had good result. otherwise asking investor to use broker in third world country has high chances of fake trading, indonesia also well known with broker company claiming theyre "hacked" and all investor money gone
https://forum.lowyat.net/index.php?showtopic=4942424&hl=
Equity
post Jul 23 2020, 09:52 PM

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QUOTE(khoonming @ Jul 23 2020, 05:42 PM)
Anyone giving comment about UTS(Union Trader Society???they are perceive as a service provider and offer investors fund management service from a fund manager firm from russia, named GFS ( Global Financial Solutions) and they are partnering with a broker named PT Sentratama Berjangka from Indonesia.

they offer  3%-7% returns monthly.
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This company is on DrFX's scam list.

61. UTS (Sentratama)
firehawk P
post Jul 26 2020, 01:49 PM

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Hi everyone, let's me self-intro a bit myself here. Looks like i'm new but i'm already reading lowyat forum more than a year.
I'm trading forex more than few year. From account burst , made big lot size to cover 1st loses 2nd loses. I believe everyone trading has done this fuck wrong strategy when start self-trading ( no offence ya )
But keep trading learn from loss , learn some mentor sharing , learn others this is what we should do for future better trading.
Finally i'm get my MAM account for start can help my friends & relatives to managed their account.
So, i'm just sharing & promote myself a bit. ( if not allow to advertise just deleted my post ) haha....
Below the link is my MAM acc start from 26th JUNE 2020

http://www.myfxbook.com/members/foxxiess/v...oxxiess/6515967

You can keep monitor it before you able to join me.


If you are interested to join me, please do not hesitate send a PM to me. Thanks you

Happy Trading Everyone~!!
jason7878 P
post Jul 26 2020, 11:47 PM

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Is Samtrade FX broker legit and safe to trade forex?
TSDrFX
post Jul 27 2020, 12:24 AM

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QUOTE(firehawk @ Jul 26 2020, 01:49 PM)
Hi everyone, let's me self-intro a bit myself here. Looks like i'm new but i'm already reading lowyat forum more than a year.
I'm trading forex more than few year. From account burst , made big lot size to cover 1st loses 2nd loses. I believe everyone trading has done this fuck wrong strategy when start self-trading ( no offence ya )
But keep trading learn from loss , learn some mentor sharing , learn others this is what we should do for future better trading.
Finally i'm get my MAM account for start can help my friends & relatives to managed their account.
So, i'm just sharing & promote myself a bit. ( if not allow to advertise just deleted my post ) haha....
Below the link is my MAM acc start from 26th JUNE 2020

http://www.myfxbook.com/members/foxxiess/v...oxxiess/6515967

You can keep monitor it before you able to join me.
If you are interested to join me, please do not hesitate send a PM to me. Thanks you

Happy Trading Everyone~!!
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thumbsup.gif Please check the Myfxbook link. It's not working. biggrin.gif
TSDrFX
post Jul 27 2020, 12:26 AM

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QUOTE(jason7878 @ Jul 26 2020, 11:47 PM)
Is Samtrade FX broker legit and safe to trade forex?
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This broker does not hold a proper top tier broker license. In our opinion, it's quite risky.

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