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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 Aug 23 2020, 05:36 PM

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QUOTE(jing.here @ Aug 23 2020, 05:08 PM)
Hi, the returns for May June and July as reported are well and true. I already been investing with them since July.
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Good. How do you know that your account has maintaining low negative floating open orders?
Macau
post Aug 23 2020, 07:25 PM

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QUOTE(DrFX @ Aug 23 2020, 05:36 PM)
Good. How do you know that your account has maintaining low negative floating open orders?
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Heard that their floating loss is quite high now, investors are allowed to withdraw a small portion of their fund only due to the high floating loss.
AliG
post Aug 23 2020, 07:45 PM

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QUOTE(Macau @ Aug 23 2020, 07:25 PM)
Heard that their floating loss is quite high now, investors are allowed to withdraw a small portion of their fund only due to the high floating loss.
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They used PAMM (instead of MAM) so investors cannot see any trades. The only things they saw on their accounts are 'balance, balance, balance...etc". These are closed trade P/L. Nobody know what are the floating trades and how they are doing.


jing.here P
post Aug 23 2020, 08:46 PM

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QUOTE(DrFX @ Aug 23 2020, 05:36 PM)
Good. How do you know that your account has maintaining low negative floating open orders?
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A weekly screenshot by the fund management's PAMM account indicating zero active margin used. As this Is done on a weekly basis, each week's zero active margin used suggests no floating open orders active brought forward into the next trading week.
TSDrFX
post Aug 23 2020, 09:33 PM

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QUOTE(AliG @ Aug 23 2020, 04:57 PM)
SamtradeFX is FAKE - in my opinion. Why did I say so? Well, just look at one of their recent trade (this is from their real account)
user posted image

how do you explain the realized SELL price is OUTSIDE of candle?
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Appreciated your contribution. Is this account managed by SamTradeFX?
TSDrFX
post Aug 23 2020, 09:35 PM

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QUOTE(AliG @ Aug 23 2020, 07:45 PM)
They used PAMM (instead of MAM) so investors cannot see any trades. The only things they saw on their accounts are 'balance, balance, balance...etc". These are closed trade P/L. Nobody know what are the floating trades and how they are doing.
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High risk high returns. The risk involved may blow up the accounts anytime. By the time, investors account will show a single big negative balance transaction.

This post has been edited by DrFX: Aug 23 2020, 09:36 PM
TSDrFX
post Aug 23 2020, 09:42 PM

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QUOTE(jing.here @ Aug 23 2020, 08:46 PM)
A weekly screenshot by the fund management's PAMM account indicating zero active margin used. As this Is done on a weekly basis, each week's zero active margin used suggests no floating open orders active brought forward into the next trading week.
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Great, the risk exposure is there and investors do not know when the accounts will blow up. Please be reminded that FX trading risk & reward is always balance.

Do they prove that they have long term success live track records? If yes, it will be one of the greatest performance we ever see, else investors must always be prepare their accounts will be blow up anytime.
Equity
post Aug 23 2020, 09:58 PM

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QUOTE(jing.here @ Aug 23 2020, 08:46 PM)
A weekly screenshot by the fund management's PAMM account indicating zero active margin used. As this Is done on a weekly basis, each week's zero active margin used suggests no floating open orders active brought forward into the next trading week.
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How do you know the screenshot is exactly the PAMM account screenshot?
AliG
post Aug 24 2020, 06:49 AM

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This post has been edited by AliG: Aug 25 2020, 09:41 PM
jing.here P
post Aug 24 2020, 07:55 AM

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QUOTE(DrFX @ Aug 23 2020, 09:42 PM)
Great, the risk exposure is there and investors do not know when the accounts will blow up. Please be reminded that FX trading risk & reward is always balance.

Do they prove that they have long term success live track records? If yes, it will be one of the greatest performance we ever see, else investors must always be prepare their accounts will be blow up anytime.
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They recently released a screenshot of the fund's detailed report stating the fund's maximum relative drawdown is at 3.8% since it was open to public.

jing.here P
post Aug 24 2020, 08:01 AM

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QUOTE(terrytan @ Aug 23 2020, 09:58 PM)
How do you know the screenshot is exactly the PAMM account screenshot?
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I wouldn't be here vouching for it if it wasn't. Beside they were close to new investors as on 1/8 and reopen its new users registration today 24/8 with limited available slots of around 5,000 remaining with a cap on total 15,000 number of investors.

PM me for a register link. Last chance to be a part of the 5,000 remaining investors slots for Libronic.


Incognito.trader8 P
post Aug 24 2020, 08:14 AM

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QUOTE(jing.here @ Aug 24 2020, 08:01 AM)
I wouldn't be here vouching for it if it wasn't. Beside they were close to new investors as on 1/8 and reopen its new users registration today 24/8 with limited available slots of around 5,000 remaining with a cap on total 15,000 number of investors. 

PM me for a register link. Last chance to be a part of the 5,000 remaining investors slots for Libronic.
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I'm with libronic and would like to add toward this point...

If libronic wasn't genuine, it wouldnt stop new funds from coming in and closing new registrations nor it will cap total investors numbers at 15,000 users only. On the contrary, It would continue invite new money coming in to feed the old money...

Just my two cents on Libronic that it is genuine, wanted to share some insight...




AliG
post Aug 24 2020, 08:33 AM

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QUOTE(Incognito.trader8 @ Aug 24 2020, 08:14 AM)
I'm with libronic and would like to add toward this point...

If libronic wasn't genuine, it wouldnt stop new funds from coming in and closing new registrations nor it will cap total investors numbers at 15,000 users only. On the contrary, It would continue invite new money coming in to feed the old money...

Just my two cents on Libronic that it is genuine, wanted to share some insight...
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what is Libronic? who is the trader? have you met the trader in person? Are you guys in anyway associated with libronic.com from UK?

We are living in the world, where 'vouching' means nothing, I'm not trying to take personal swipe at you and Jing.here. We are in the world, where you have to show us the evidence and not asking us to put our faith in internet strangers. We all wish that there could be such highly lucrative scheme where investors can get >50% return a month, month after month! Last time I check, there is only 1 Warren Buffett, 1 George Soros, 1 Renaissance Hedge Fund, and they were doing only 30% a year, they all hired thousands of PHD brains, and yet somehow, a few guys in Libronic have managed to put them to shame?

Best Regards
kuladruw
post Aug 24 2020, 09:12 AM

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QUOTE(AliG @ Aug 24 2020, 06:49 AM)
anyone who invested with the managed account above is scam, because they use scam broker

Samtrade FX is a scam broker, eventhough they have a fca number but it is not broker, its representative for offshore. from the their website, it says about financial commission haha, it is a fake authority website, refer forexpeacearmy forum, and the rest saying registered at st vincent. canada fintrac money service business license is only for exchange real currency notes, with physical shop. it is not trading spot fx or license to offer financial product

real canadian fx broker need to have license from following, depending on region

https://lautorite.qc.ca/en/general-public/r...ed-to-practise/
http://www.osc.gov.on.ca/
http://www.bcsc.bc.ca/
http://www.albertasecurities.com/

but samtrade fx is neither on anyone these, so confirm fake broker.

QUOTE
Samtrade FX is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.

Samtrade FX is incorporated in Saint Vincent and the Grenadines under registered number 25290 IBC 2019 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines to carry on the business of dealing in securities as a Principal.

Samtrade UK International Limited is registered in England and Wales with its registered office at 150 New Street Birmingham West Midlands B2 4PE United Kingdom. Samtrade FX is an authorised appointed representative registered with the Financial Conduct Authority, with FSR Number 929921.

Samtrade FX is registered and regulated by FINTRAC (Financial Transactions and Reports Analysis Center of Canada) under Money Services Business (MSB) with registration number: M19977589.
type : appointed reprensentative, they also use serviced apartment address when register with fca, red flag
https://register.fca.org.uk/s/firm?id=0014G00002WwlEfQAJ

compare with real oanda, you can see the difference

type : regulated
https://register.fca.org.uk/s/firm?id=001b000000NMcEsAAL

This post has been edited by kuladruw: Aug 26 2020, 08:38 AM
Macau
post Aug 24 2020, 09:14 AM

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TSDrFX
post Aug 24 2020, 08:31 PM

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Well done guys! SamTradeFX added to SCAM FX list once again.
TSDrFX
post Aug 24 2020, 08:34 PM

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QUOTE(Macau @ Aug 23 2020, 07:25 PM)
Heard that their floating loss is quite high now, investors are allowed to withdraw a small portion of their fund only due to the high floating loss.
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The truth is out there. That's why investors must be cautious when there are no proven track records.


TSDrFX
post Aug 24 2020, 08:36 PM

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QUOTE(jing.here @ Aug 24 2020, 07:55 AM)
They recently released a screenshot of the fund's detailed report stating the fund's maximum relative drawdown is at 3.8% since it was open to public.
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You should request for Myfxbook of their master PAMM since there are no open trades can be seen on sub accounts.
Incognito.trader8 P
post Aug 24 2020, 10:31 PM

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QUOTE(DrFX @ Aug 24 2020, 08:36 PM)
You should request for Myfxbook of their master PAMM since there are no open trades can be seen on sub accounts.
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They have a screenshot sent on a weekly basis on their master PAMM stating their active margin is zero, meaning no open floating positions brought forward to the next trading week. Thus also deducting the rumor of 80% floating losses.
Incognito.trader8 P
post Aug 24 2020, 10:35 PM

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QUOTE(Macau @ Aug 24 2020, 09:14 AM)


New users can't comment on this thread. Sorry if there's such a rule. I will leave this thread 😊

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