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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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splashz P
post Aug 12 2020, 07:34 PM

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hi all, sorry for disturb u guys
just want to know about this report
anyone can check all this a real trading result or fake trading result ?
thanks before...
https://ibb.co/GFFZLWx
TSDrFX
post Aug 12 2020, 08:37 PM

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QUOTE(splashz @ Aug 12 2020, 07:34 PM)
hi all, sorry for disturb u guys
just want to know about this report
anyone can check all this a real trading result or fake trading result ?
thanks before...
https://ibb.co/GFFZLWx
*
We cant check based on this screenshot. Does it show the account is under which broker and server? It should.
kuladruw
post Aug 13 2020, 09:52 AM

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QUOTE(Darvin21 @ Aug 13 2020, 06:49 AM)
Free Forex Learning Step By Step
Why you're paying for ebooks and mentorship when you have this free mentorship channel ?
https://youtu.be/oKOLdfPaQxw
*
another popular fx scam method is ask public join free chatroom, such as telegram. scammer own many duplicated account in that chatroom, later post fake profit and ask for signal fee, or open an account at fake fx broker. deposited money can never be withdraw from the broker, so beware
Crystal1981 P
post Aug 13 2020, 04:12 PM

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QUOTE(XPad @ Aug 7 2020, 10:59 AM)
Woah.. Never seen such fantastic results! Is this too good to be true? 3 months track record only? How to verify if true? I wanna invest, too.
*
They started in may this year. Ya, amazing results, i was surpise that it can go up to 70%+. Im not sure how to verify it. I didnt participate on it.
TSDrFX
post Aug 13 2020, 07:29 PM

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QUOTE(Crystal1981 @ Aug 13 2020, 04:12 PM)
They started in may this year. Ya,  amazing results,  i was surpise that it can go up to 70%+. Im not sure how to verify it. I didnt participate on it.
*
Never invest on unproven system that does not has 2 years or above track records. High risk high returns.

Investors are not able to see the open trades or real time equity based on P/L distribution. What if the account has huge negative floating open trades?
Gravity
post Aug 14 2020, 11:50 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
*
Hi, never heard before.
doom_eulogy
post Aug 16 2020, 12:09 PM

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Hi,
From the first post I know tickmill is a genuine broker but the broker is also based in the UK and Seychelles. My friend told me to register in Seychelles' link. So are they going to any issues in the future? Now i see there's a labuan link for a new registration, do i need to register to the labuan link? For info, i am not under anyone's IB.
dwRK
post Aug 16 2020, 12:33 PM

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QUOTE(DrFX @ Aug 13 2020, 07:29 PM)
Never invest on unproven system that does not has 2 years or above track records. High risk high returns.

Investors are not able to see the open trades or real time equity based on P/L distribution. What if the account has huge negative floating open trades?
*
put in disposable $50...let it double...withdraw capital...let remaining compound... biggrin.gif
HalseyFrangipane
post Aug 19 2020, 07:56 PM

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Is MEX Exchange, MEX Group and MultiBank Group the same entity?

https://en.mexmarkets.com/
https://multibankfx.com/
https://www.mexexchange.com/
Zelgadus
post Aug 20 2020, 08:34 PM

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Hi everyone fellow sifus and sijies (if there is any),

I'm a Tradesto user and a CK LTD member for almost 3 years.
And before everyone throws insults to me; I'm a full-time trader and I had my wins and I had my losses during my trading journey while using Tradesto.
To those who are extremely annoyed by the word "CK LTD" or "BBB", you may feel free to skip reading my post.

But to those who don't mind, let me share you what I think of CK LTD's situation now.
Grab your satays or fries, because this is gonna get lengthy...

First off and I repeat, I am a full-time trader.
And yes I am very well aware of the impression towards me once I told everyone I'm a CK LTD member despite I hardly engage myself in their "hardcore marketing/push sales" approach to my investors.
But I can confidently tell you that I'm doing pretty well by not being greedy, overtrading my positions and NOT using a gambler's mentality to trade in the forex market. As the common folks thinks forex is the same as gambling.
To those who are curious, I averagely make 7 to 14% ROI a month in my investor's and my own account that I saved up while I was being employed as a technical support.
(But let's not boast here as this isn't the main point)

Sure, the IB benefits of earning pips income is a nice addition for more income.
But I don't like the fact that most CK members proclaim themselves as they're competent traders and only just a very few of them has a good reputation that they are legitimately competent traders of their own.
I lost few of my friend's trust because they don't believe in me anymore, as lately social media has been adding oil to the flame stating any members of CK LTD is a scammer.
Hence, even I ask my friends out just for a normal meal even without having the intention nor bother to talk about forex; they give me the vibes that I live off from scamming other poor sod's money.
(which I clearly don't, but they're still close minded to understand how a trader makes money)

But there's one thing I'd like to make clear with everyone who reads or starts sending me this:
"Bro if you're an investor, you should stop using Tradesto; they're basically a scam."
I'm going to brutally honest here, Tradesto didn't scam me nor did any of the CK LTD members did.
I personally think that majority of the unhappy (or worse I'd call them raging and furious) investors that invested in a incompetent copy-trade system provided by CK LTD which are also probably contributing the most to the flaming sessions/callouts on social media.
Yes, I did put a sum in their copy-trading systems that doesn't seem to be going in the right direction; hence that made me transferred the remaining funds to a self-trading account.
I bounce out immediately from their copy-trades when I noticed I've lost 30% in the span of 2 weeks. Not all of them are that horrible mind you, some are extremely slow but also an extremely slow climb.
But in the end: "High risk, high returns" Ever since then I just hellbent focused on honing my skills and my trading strategies myself. Never bothered to took their trading courses, although I did learn a thing or two during their live trading sessions.
I do know a few members from CK LTD that are also decent traders as well. Not everyone sucks in trading in CK LTD, don't be such a stereotype please.
(Also, learning is still learning, there's no wrong in that.)

The last thing that I'm extremely annoyed is, the withdrawal duration from Tradesto is just downright horrendous.
I second the numerous complaints saying Tradesto's withdrawal takes averagely (pay attention, it's "averagely") 1 to 2 weeks.
As a user from a broker for almost 3 years, they never seem to bother improving the speed of the withdrawal at all. Occasionally my upline says they will fix it soon and yes they did, but the solution wasn't permanent.
After a while, it slows down to a snail's pace while waiting for my amount to be credited into my bank account.
(But those who says a month, no please guys, stop exaggerating things. And yes, I do get my withdrawals without fail.)

Right now I'm on the search of looking for other brokers that can rectify this issue.
I'm not gonna lie, if and ONLY IF Tradesto does finally speed up their withdrawal process. I'm still sticking with Tradesto as I have no problems with using them.
I don't have problems while during trading or the funding process as well whatsoever. (Although they could use a more decent depositing payment gateway maybe.)
Currently I am totally open to other fellow sifus and sijies' recommendations on which broker to use so feel free to PM me, but anything else than that I don't have time to entertain with trolls and keyboard warriors.
I am a young adult that has my own commitments and bills to pay, I really appreciate every genuine suggestions/recommendations from y'all.
(Yes I have a family to take care and bills to pay, I'm also a human that's doing what's needed to be done.)

This concludes my "karangan".
Title? "Confessions of a CK LTD member"?
Jokes aside, please please do recommend me a better broker.
Many thanks in advance.

TL;DR edition - I'm a Tradesto user and a CK LTD member, and I want to find a broker that has a speedy withdrawal process. Arigato-gosaimatsu in advance.

kuladruw
post Aug 20 2020, 08:43 PM

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QUOTE(HalseyFrangipane @ Aug 19 2020, 07:56 PM)
Is MEX Exchange, MEX Group and MultiBank Group the same entity?

https://en.mexmarkets.com/
https://multibankfx.com/
https://www.mexexchange.com/
*
can you post what is their financial license number and based in which country?
kuladruw
post Aug 20 2020, 08:47 PM

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QUOTE(Zelgadus @ Aug 20 2020, 08:34 PM)
Hi everyone fellow sifus and sijies (if there is any),

I'm a Tradesto user and a CK LTD member for almost 3 years.
CODE
https://forum.lowyat.net/index.php?showtopic=3774126&view=findpost&p=96445349

Equity
post Aug 21 2020, 12:56 AM

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Senior Member
1,229 posts

Joined: Jan 2003
From: Penang



QUOTE(Zelgadus @ Aug 20 2020, 08:34 PM)
Hi everyone fellow sifus and sijies (if there is any),

I'm a Tradesto user and a CK LTD member for almost 3 years.
And before everyone throws insults to me; I'm a full-time trader and I had my wins and I had my losses during my trading journey while using Tradesto.
To those who are extremely annoyed by the word "CK LTD" or "BBB", you may feel free to skip reading my post.

But to those who don't mind, let me share you what I think of CK LTD's situation now.
Grab your satays or fries, because this is gonna get lengthy...

First off and I repeat, I am a full-time trader.
And yes I am very well aware of the impression towards me once I told everyone I'm a CK LTD member despite I hardly engage myself in their "hardcore marketing/push sales" approach to my investors.
But I can confidently tell you that I'm doing pretty well by not being greedy, overtrading my positions and NOT using a gambler's mentality to trade in the forex market. As the common folks thinks forex is the same as gambling.
To those who are curious, I averagely make 7 to 14% ROI a month in my investor's and my own account that I saved up while I was being employed as a technical support.
(But let's not boast here as this isn't the main point)

Sure, the IB benefits of earning pips income is a nice addition for more income.
But I don't like the fact that most CK members proclaim themselves as they're competent traders and only just a very few of them has a good reputation that they are legitimately competent traders of their own.
I lost few of my friend's trust because they don't believe in me anymore, as lately social media has been adding oil to the flame stating any members of CK LTD is a scammer.
Hence, even I ask my friends out just for a normal meal even without having the intention nor bother to talk about forex; they give me the vibes that I live off from scamming other poor sod's money.
(which I clearly don't, but they're still close minded to understand how a trader makes money)

But there's one thing I'd like to make clear with everyone who reads or starts sending me this:
"Bro if you're an investor, you should stop using Tradesto; they're basically a scam."
I'm going to brutally honest here, Tradesto didn't scam me nor did any of the CK LTD members did.
I personally think that majority of the unhappy (or worse I'd call them raging and furious) investors that invested in a incompetent copy-trade system provided by CK LTD  which are also probably contributing the most to the flaming sessions/callouts on social media.
Yes, I did put a sum in their copy-trading systems that doesn't seem to be going in the right direction; hence that made me transferred the remaining funds to a self-trading account.
I bounce out immediately from their copy-trades when I noticed I've lost 30% in the span of 2 weeks. Not all of them are that horrible mind you, some are extremely slow but also an extremely slow climb.
But in the end: "High risk, high returns"  Ever since then I just hellbent focused on honing my skills and my trading strategies myself. Never bothered to took their trading courses, although I did learn a thing or two during their live trading sessions.
I do know a few members from CK LTD that are also decent traders as well. Not everyone sucks in trading in CK LTD, don't be such a stereotype please.
(Also, learning is still learning, there's no wrong in that.)

The last thing that I'm extremely annoyed is, the withdrawal duration from Tradesto is just downright horrendous.
I second the numerous complaints saying Tradesto's withdrawal takes averagely (pay attention, it's "averagely") 1 to 2 weeks.
As a user from a broker for almost 3 years, they never seem to bother improving the speed of the withdrawal at all. Occasionally my upline says they will fix it soon and yes they did, but the solution wasn't permanent.
After a while, it slows down to a snail's pace while waiting for my amount to be credited into my bank account.
(But those who says a month, no please guys, stop exaggerating things. And yes, I do get my withdrawals without fail.)

Right now I'm on the search of looking for other brokers that can rectify this issue.
I'm not gonna lie, if and ONLY IF Tradesto does finally speed up their withdrawal process. I'm still sticking with Tradesto as I have no problems with using them.
I don't have problems while during trading or the funding process as well whatsoever. (Although they could use a more decent depositing payment gateway maybe.)
Currently I am totally open to other fellow sifus and sijies' recommendations on which broker to use so feel free to PM me, but anything else than that I don't have time to entertain with trolls and keyboard warriors.
I am a young adult that has my own commitments and bills to pay, I really appreciate every genuine suggestions/recommendations from y'all.
(Yes I have a family to take care and bills to pay, I'm also a human that's doing what's needed to be done.)

This concludes my "karangan".
Title? "Confessions of a CK LTD member"?
Jokes aside, please please do recommend me a better broker.
Many thanks in advance.

TL;DR edition - I'm a Tradesto user and a CK LTD member, and I want to find a broker that has a speedy withdrawal process. Arigato-gosaimatsu in advance.
*
You are still young and considered freshie in FX. Tradesto and CK are scam FX, nothing more. Your 30% loss are fake, you may not notice that. I have been in FX 14 years now. You just need to learn how to identify fake brokers, then you will know that you have learned from your bad experiences.

There are plenty of top brokers that hold tier 1 licenses in the market. PM me if you know want to know some.

Equity
post Aug 21 2020, 12:59 AM

Equity
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Senior Member
1,229 posts

Joined: Jan 2003
From: Penang



QUOTE(HalseyFrangipane @ Aug 19 2020, 07:56 PM)
Is MEX Exchange, MEX Group and MultiBank Group the same entity?

https://en.mexmarkets.com/
https://multibankfx.com/
https://www.mexexchange.com/
*
Mex Exchange is a genuine broker, try below.
https://en.mexmarkets.com/open-forex-accoun...63&company_id=6


Zelgadus
post Aug 21 2020, 03:57 AM

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Joined: Jun 2013


QUOTE(terrytan @ Aug 21 2020, 12:56 AM)
You are still young and considered freshie in FX. Tradesto and CK are scam FX, nothing more. Your 30% loss are fake, you may not notice that. I have been in FX 14 years now. You just need to learn how to identify fake brokers, then you will know that you have learned from your bad experiences.

There are plenty of top brokers that hold tier 1 licenses in the market. PM me if you know want to know some.
*
Finally a decent reply. (instead of people who doesn't even bother reading the TL;DR sentence).

I wouldn't care much about the losses as bygones are bygones but yes please do enlighten me more in your inbox. Many thanks in advance. smile.gif
AliG
post Aug 23 2020, 04:01 PM

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Joined: Jul 2011
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.
*
I know people who invested with UTS, it is impossible to get 3% return a month. Typical return is about 12% a year (for investment less than USD100k, after deducting trader fees). The trader is extremely conservative. I am not going to make a judgement whether the broker is scamming people or not. Most scams don't last more than 2 years (look at MIA James Harrison/Fintech, PTFX, etc.)

This post has been edited by AliG: Aug 23 2020, 04:18 PM
AliG
post Aug 23 2020, 04:20 PM

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QUOTE(splashz @ Aug 11 2020, 06:18 PM)
do you know about uw-global.com bro... any advice ? thanks before
*
It's a broker licensed by LABUAN (Malaysia Boleh!)

You can go to Labuan to check them out. They have office and real people there.
AliG
post Aug 23 2020, 04:57 PM

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Joined: Jul 2011
QUOTE(DrFX @ Jul 27 2020, 12:26 AM)
This broker does not hold a proper top tier broker license. In our opinion, it's quite risky.
*
Thanks, interesting

This post has been edited by AliG: Aug 25 2020, 09:38 PM
jing.here P
post Aug 23 2020, 05:08 PM

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Joined: Aug 2020
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.
*
Hi, the returns for May June and July as reported are well and true. I already been investing with them since July.
jing.here P
post Aug 23 2020, 05:19 PM

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QUOTE(XPad @ Aug 7 2020, 10:59 AM)
Woah.. Never seen such fantastic results! Is this too good to be true? 3 months track record only? How to verify if true? I wanna invest, too.
*
The returns are genuine and true, best way to find out is to try it yourself.

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