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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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khoonming P
post Aug 7 2020, 07:38 PM

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HI guys, i got some capital to invest, seem like there are so many scam broker outside. Any suggestion to me?
khoonming P
post Aug 7 2020, 09:53 PM

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QUOTE(DrFX @ Oct 20 2018, 05:58 PM)
Of course it's different. It's a trick that they will tell you both are the same company. Berjangka is licensed by Indonesia regulator, not Future. It's unregulated. This is why they can do fake trading and raise fund with Sentratama Investor Future. You are on the risk of losing all your investment when they decide to stop the game by using crashed orders.

For example, Starbucks Coffee Ltd. and Starbucks Kopi Ltd., are both companies the same? You know the answer. Corporate name is very unique. It can't be the same. Unless both licensed as well.
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New tricks from Union Trader Society (UTS)(sentratama),they will ask you to bank into Mandiri bank(Mandiri International Remiitance Sdn Bhd), then they will say its very safe if inside bank, they say if broker run away, money still inside bank. Then i duono move money to their bank acc.
kuladruw
post Aug 7 2020, 10:41 PM

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QUOTE(fairylord @ Aug 5 2020, 07:31 PM)
Libronic , heard the result really favourable.

Not sure how to verify if genuine whistling.gif .
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if dont have myfxbook, could be scam. it just takes few minute register at myfxbook and link the account
HalseyFrangipane
post Aug 8 2020, 01:21 AM

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QUOTE(Crystal1981 @ Aug 3 2020, 08:19 PM)
Hi, everyone. My friend told me a platform call vantagefx. a machine learning with AI- driven trading strategies innovated by libronic AI lab, partnership with vantagefx. In may, 41.85% profit in 10days, in june 70.27% and in july 75.65%. Anyone know this platform? Does AI system able to get this result in the forex market? I was kinda 😱 of their result.
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QUOTE(DrFX @ Aug 3 2020, 08:24 PM)
Please provide us the account myfxbook for verification.
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QUOTE(terrytan @ Aug 3 2020, 11:01 PM)
VantageFX is a normal FX broker. Nothing special.

The MAM manager is Libronic. Need to verify whether the results are real.
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Is it possible for MAM manager to run away with your funds despite having it in a legitimate broker? Worst case scenario is the manager blows your capital from poor trading?
Gravity
post Aug 9 2020, 01:24 AM

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QUOTE(khoonming @ Aug 7 2020, 09:53 PM)
New tricks from Union Trader Society (UTS)(sentratama),they will ask you to bank into Mandiri bank(Mandiri International Remiitance Sdn Bhd), then they will say its very safe if inside bank, they say if broker run away, money still inside bank. Then i duono move money to their bank acc.
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wow that's very tricky. i wonder why people still believe this s***
Equity
post Aug 9 2020, 01:27 AM

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QUOTE(psychotucker @ Aug 6 2020, 05:35 AM)
anybody have any clue how long until CK ltd bursts? Im getting so impatent aldy haha ! From what i see on my friends' ig they summore got their own app now, by any chance will they turn into legit broker?
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A scam will always be a scam. It wont turn legitimate, just like TriumphFX.

Only naive players will believe the too good to be true.
Xanapammm P
post Aug 10 2020, 01:10 PM

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Thoughts on IG demo account?
miryian
post Aug 10 2020, 06:15 PM

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QUOTE(terrytan @ Aug 9 2020, 01:27 AM)
A scam will always be a scam. It wont turn legitimate, just like TriumphFX.

Only naive players will believe the too good to be true.
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One of the fund manager in Triumphfx has started since 2013 and the trades can be verified from MT4. May I know what's the reason its not legitimate trade?

TSDrFX
post Aug 10 2020, 06:35 PM

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QUOTE(miryian @ Aug 10 2020, 06:15 PM)
One of the fund manager in Triumphfx has started since 2013 and the trades can be verified from MT4. May I know what's the reason its not legitimate trade?
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We have checked the trades and TriumphFX failed the verification. The trades are not enter on real times pricing and thus the trades are all manipulated fake trades. It's the oldest scam FX in the market.

This post has been edited by DrFX: Aug 10 2020, 06:37 PM
kuladruw
post Aug 10 2020, 08:15 PM

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QUOTE(DrFX @ Aug 10 2020, 06:35 PM)
We have checked the trades and TriumphFX failed the verification. The trades are not enter on real times pricing and thus the trades are all manipulated fake trades. It's the oldest scam FX in the market.
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anyone ever complain at CySec? their details below
CODE

Triumph Int. (Cyprus) Ltd
Licence Number: 293/16
Licence Date: 22/01/2016
Company Registration Number: 335393

company details
Name TRIUMPH INT. (CYPRUS) LIMITED
Reg. Number ΗΕ 335393

previous name
G.S.E GOLDEN SKY EUROPE LIMITED

Ysabel
post Aug 11 2020, 04:28 PM

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QUOTE(Crystal1981 @ Aug 3 2020, 08:19 PM)
Hi, everyone. My friend told me a platform call vantagefx. a machine learning with AI- driven trading strategies innovated by libronic AI lab, partnership with vantagefx. In may, 41.85% profit in 10days, in june 70.27% and in july 75.65%. Anyone know this platform? Does AI system able to get this result in the forex market? I was kinda 😱 of their result.
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Fully AI trade? 70% in a month wow! Sounds too good to be true hmm.gif

splashz P
post Aug 11 2020, 06:18 PM

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QUOTE(Gravity @ Aug 4 2020, 12:30 PM)
another potential scam broker - veonco

anyone heard of it?
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do you know about uw-global.com bro... any advice ? thanks before
TSDrFX
post Aug 12 2020, 01:46 AM

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QUOTE(splashz @ Aug 11 2020, 06:18 PM)
do you know about uw-global.com bro... any advice ? thanks before
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We did not heard before. What do they offer?
TSDrFX
post Aug 12 2020, 01:47 AM

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QUOTE(Ysabel @ Aug 11 2020, 04:28 PM)
Fully AI trade? 70% in a month wow! Sounds too good to be true hmm.gif
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The higher the return mean the risk exposure will be much bigger.
TSDrFX
post Aug 12 2020, 01:49 AM

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QUOTE(kuladruw @ Aug 10 2020, 08:15 PM)
anyone ever complain at CySec? their details below
CODE

Triumph Int. (Cyprus) Ltd
Licence Number: 293/16
Licence Date: 22/01/2016
Company Registration Number: 335393

company details
Name TRIUMPH INT. (CYPRUS) LIMITED
Reg. Number ΗΕ 335393

previous name
G.S.E GOLDEN SKY EUROPE LIMITED

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We appreciated if there are more people willing to put some effort to file the complaint.
Burningsunz
post Aug 12 2020, 12:10 PM

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QUOTE(DrFX @ Aug 12 2020, 01:49 AM)
We appreciated if there are more people willing to put some effort to file the complaint.
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i also got people introduce me to triumphfx. not sure how legit it is but a group of people has already play it for quite some times and managed to withdraw money without issue.
I also have emailed BNM to verify if the company has licensed to do business in Malaysia.
splashz P
post Aug 12 2020, 01:11 PM

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QUOTE(DrFX @ Aug 12 2020, 12:46 AM)
We did not heard before. What do they offer?
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i dont know yet bro...
just info from my friends.. but there is no update yet...
the info only i know their broker office in labuan..
will let you know when they give me an offers..
thanks before
TSDrFX
post Aug 12 2020, 02:42 PM

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QUOTE(Burningsunz @ Aug 12 2020, 12:10 PM)
i also got people introduce me to triumphfx. not sure how legit it is but a group of people has already play it for quite some times and managed to withdraw money without issue.
I also have emailed BNM to verify if the company has licensed to do business in Malaysia.
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TriumphFX is a FX SCAM! Can withdraw does not mean it's not scam. They are good in doing fake trading, they burned accounts by fake losses, so you loss all your money.

They are also not license to run business in Malaysia.
kuladruw
post Aug 12 2020, 05:57 PM

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QUOTE(DrFX @ Aug 12 2020, 02:42 PM)
TriumphFX is a FX SCAM! Can withdraw does not mean it's not scam. They are good in doing fake trading, they burned accounts by fake losses, so you loss all your money.

They are also not license to run business in Malaysia.
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CODE
https://efiling.drcor.mcit.gov.cy/DrcorPublic/SearchForm.aspx?sc=0


user posted image

from the company fillings, can see they changed their officer frequently. on 2018 & 2019, probably got report about the scam, company just switch the high management staff to end the blame and restart the scam?
Equity
post Aug 12 2020, 06:34 PM

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From: Penang



QUOTE(kuladruw @ Aug 12 2020, 05:57 PM)
CODE
https://efiling.drcor.mcit.gov.cy/DrcorPublic/SearchForm.aspx?sc=0


user posted image

from the company fillings, can see they changed their officer frequently. on 2018 & 2019, probably got report about the scam, company just switch the high management staff to end the blame and restart the scam?
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They bought over an existing company back in 2018 and changed the name to TriumphFX. You can see the records of name changing. SCAMMER cant go with front door, so the only way to get the license is through back door.

user posted image

This post has been edited by terrytan: Aug 12 2020, 06:35 PM

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