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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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waghyu
post Oct 25 2020, 01:48 AM

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QUOTE(Xanapammm @ Oct 25 2020, 01:29 AM)
Is eaglefx legit? Sorry if this question has been asked
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hahahaha, make money first then only think of withdrawal. Most people get margin call first.
TSDrFX
post Oct 25 2020, 01:49 AM

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QUOTE(Xanapammm @ Oct 25 2020, 01:29 AM)
Is eaglefx legit? Sorry if this question has been asked
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It's an unregulated broker. Stay away!
jack2
post Oct 25 2020, 10:37 AM

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QUOTE(DrFX @ Oct 24 2020, 07:44 PM)
Try harder scammer. You are one of the TriumphFX scammers.
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just one day joined n talked about Trupmhfx
Miloikattepi P
post Oct 25 2020, 11:30 PM

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QUOTE(kaiz3rd @ Sep 3 2020, 02:17 AM)
He sent me account from other fxtm ecn zero as well
He says pamn acc need to share profit and leverage need to set at very low, so he says, cnt go into pamn🤔 is this true?  Or maybe i should try 500usd first🤔🤔 the minimum amount, i am planning to put 10k usd😂 but abit scare.. any sugestion?
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Hi there. I have been absent from this thread for quite sometime. And to day after doing my revision of what going on.
I ve come to your post.

And Boy that myfxbook track record blown to dust on this month🤣🤣🤣

I hope your money is safe.


Crystal1981 P
post Oct 26 2020, 02:20 PM

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QUOTE(DrFX @ Oct 23 2020, 01:39 AM)
Any cryptos that are not listed on big exchange considered potential scam. Emas Fintech is unregulated and not listed on popular exchange. It's considered illegal deposit taking.
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Emas fintech is not a token platform that coming out it own tokens to list in big exchange. Some crypto project not listed in big exchange is not because they dont wan. Becos of high listing fee that big exchanges charge. Example, binance listing fee charge 500k to list in their exchange. And some exchanges hve certain criteria to list project's tokens.

Emas fintech is just a investment trading firm to give investors roi on trade profit. But emas fintech trading record is not transparent. This, show a red flag alert despite EMAS is currently appointed the global sole distributor of UnionPay Prepaid VIP card which can store up to 200K USD, and
Neurogine, the company that appoints EMAS, is a partner of CasperLab and CasperLab is founded by Ethereum founder, Neurogine is a tech partner of Ethereum 2.0. But that doesnt proof anything.

Emas fintech are purely ex bankers and traders. I Dont really trust exbanker. 😀

Fyi: im not emas fintech's investors. Gd luck to emas fintech.
Crystal1981 P
post Oct 26 2020, 02:24 PM

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QUOTE(Lucas0323 @ Oct 24 2020, 09:57 PM)
Like a bra company name? Weird
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Im wearing triumph bra and victoria secret 😀😁.

Probably they name triumph =victory. 😂
Equity
post Oct 26 2020, 03:05 PM

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QUOTE(Crystal1981 @ Oct 26 2020, 02:20 PM)
Emas fintech is not a token platform that coming out it own tokens to list in big exchange. Some crypto project not listed in big exchange is not because they dont wan. Becos of high listing fee that big exchanges charge.  Example, binance listing fee charge 500k to list in their exchange. And some exchanges hve certain criteria to list project's tokens.

Emas fintech is just a investment trading firm to give investors roi on trade profit. But emas fintech trading record is not transparent. This, show a red flag alert despite EMAS is currently appointed the global sole distributor of UnionPay Prepaid VIP card which can store up to 200K USD, and
Neurogine, the company that appoints EMAS, is a partner of CasperLab and CasperLab is founded by Ethereum founder, Neurogine is a tech partner of Ethereum 2.0. But that doesnt proof anything.

Emas fintech are purely ex bankers and traders. I Dont really trust exbanker. 😀

Fyi: im not emas fintech's investors. Gd luck to emas fintech.
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When you hear some sweet storyline, never touch it. Scammers need the storyline because they are good at it and they have nothing else to prove.
AliG
post Oct 26 2020, 03:48 PM

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user posted image
This is one of the account linked to the Libronicfx PAMM. Looks like they are hitting some big rocks. I also noticed that they pulled down their Facebook page and telegram channel. One of the problem with PAMM is that investors have no clue what's going on behind the scene. The trader can choose to close only the trades which are in profit, letting you withdraw those, while running a huge floating drawdown at the same time. Next thing you know, your account hit margin call the next day.
Equity
post Oct 26 2020, 04:11 PM

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QUOTE(AliG @ Oct 26 2020, 03:48 PM)
user posted image
This is one of the account linked to the Libronicfx PAMM. Looks like they are hitting some big rocks. I also noticed that they pulled down their Facebook page and telegram channel. One of the problem with PAMM is that investors have no clue what's going on behind the scene. The trader can choose to close only the trades which are in profit, letting you withdraw those, while running a huge floating drawdown at the same time. Next thing you know, your account hit margin call the next day.
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Hi AliG,

Investors should not invest if they do not get any transparency or no proven track records. In FX trading, open trades are important to show the available margin and equity. Investors should at least can view it on daily statements.
kuladruw
post Oct 26 2020, 04:29 PM

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QUOTE(AliG @ Oct 26 2020, 03:48 PM)
user posted image
This is one of the account linked to the Libronicfx PAMM. Looks like they are hitting some big rocks. I also noticed that they pulled down their Facebook page and telegram channel. One of the problem with PAMM is that investors have no clue what's going on behind the scene. The trader can choose to close only the trades which are in profit, letting you withdraw those, while running a huge floating drawdown at the same time. Next thing you know, your account hit margin call the next day.
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for real managed account, manager would use here https://forum.lowyat.net/index.php?showtopic=4942424

Libronicfx has no proof theyre real broker


AliG
post Oct 26 2020, 04:44 PM

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QUOTE(terrytan @ Oct 26 2020, 04:11 PM)
Hi AliG,

Investors should not invest if they do not get any transparency or no proven track records. In FX trading, open trades are important to show the available margin and equity. Investors should at least can view it on daily statements.
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ya, I 'm not investor in this. This account with investor password was given in their Telegram channel few months ago.

I think TriumphFX is also using PAMM, somehow this login can still be used to see one of their account after many years:
Login 822168
Password: tyson168
Server: TriumpFX-live
TSDrFX
post Oct 26 2020, 04:53 PM

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QUOTE(AliG @ Oct 26 2020, 04:44 PM)
ya, I 'm not investor in this. This account with investor password was given in their Telegram channel few months ago.

I think TriumphFX is also using PAMM, somehow this login can still be used to see one of their account after many years:
Login 822168
Password: tyson168
Server: TriumpFX-live
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This is TriumphFX "cheating marketing strategy" by creating huge MAM, fake accounts deposit and withdrawal everyday as well as fake trades. They never stop using this strategy since it works on freshie.
Clement1001
post Oct 27 2020, 12:17 PM

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Went for talks that promote Emas Fintech, Basically, they are saying that they created software that they are linked to several big exchanges (Binance, Liquid, Kraken and etc) and from there they are able to trade almost guarantee profit by the variable spread from all these exchanges. They say the exchange gives them the priority to trade in the spreads within 20 seconds. Monthly guarantee 10-20% monthly, wow.

But when I ask the transparency of it, he says it's a secret and you only get to see the report end of the day, and they don't trade every day.

This post has been edited by Clement1001: Oct 27 2020, 12:19 PM
Supreme1394
post Oct 27 2020, 03:27 PM

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QUOTE(Clement1001 @ Oct 27 2020, 12:17 PM)
Went for talks that promote Emas Fintech, Basically, they are saying that they created software that they are linked to several big exchanges (Binance, Liquid, Kraken and etc) and from there they are able to trade almost guarantee profit by the variable spread from all these exchanges. They say the exchange gives them the priority to trade in the spreads within 20 seconds. Monthly guarantee 10-20% monthly, wow.

But when I ask the transparency of it, he says it's a secret and you only get to see the report end of the day, and they don't trade every day.
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Jjptr reincarnated? Lol
Xanapammm P
post Oct 28 2020, 06:55 PM

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Which broker should I use? Looking one for with low fees/spread. Thank you sifus, btw I’m only working part time so it would be hard to supply info like annual income and so on. Is etoro good?
Supreme1394
post Oct 28 2020, 07:00 PM

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QUOTE(Xanapammm @ Oct 28 2020, 06:55 PM)
Which broker should I use? Looking one for with low fees/spread. Thank you sifus, btw I’m only working part time so it would be hard to supply info like annual income and so on. Is etoro good?
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I recommend icmarkets, been using it for many years. Low spreads and never felt the broker trading against me or going for my stops. Not sure on etoro, heard it's a bucket shop.
Xanapammm P
post Oct 28 2020, 09:21 PM

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QUOTE(Supreme1394 @ Oct 28 2020, 07:00 PM)
I recommend icmarkets, been using it for many years. Low spreads and never felt the broker trading against me or going for my stops. Not sure on etoro, heard it's a bucket shop.
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Thanks for the reply! What about Pepperstone? Cause I heard that ICM isnt ASIC regulated anymore
Supreme1394
post Oct 28 2020, 11:41 PM

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QUOTE(Xanapammm @ Oct 28 2020, 09:21 PM)
Thanks for the reply! What about Pepperstone? Cause I heard that ICM isnt ASIC regulated anymore
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I have not used pepperstone before, but haven't heard anything bad about it either. ASIC stopped allowing their fx brokers in australia from accepting overseas clients, hence if im not mistaken, unless you're australian you won't be able to enjoy being regulated under ASIC. But icmarkets is still regulated under FSA for us.
Xanapammm P
post Oct 29 2020, 09:29 AM

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QUOTE(Supreme1394 @ Oct 28 2020, 11:41 PM)
I have not used pepperstone before, but haven't heard anything bad about it either. ASIC stopped allowing their fx brokers in australia from accepting overseas clients, hence if im not mistaken, unless you're australian you won't be able to enjoy being regulated under ASIC. But icmarkets is still regulated under FSA for us.
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Thinking of opening an acc on tickmill. In msia is it fsa or fca? Cause if i use tickmill, i can only choose fca(US). Thank you for the reply!
Xanapammm P
post Oct 29 2020, 09:39 AM

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QUOTE(Xanapammm @ Oct 29 2020, 09:29 AM)
Thinking of opening an acc on tickmill. In msia is it fsa or fca? Cause if i use tickmill, i can only choose fca(US). Thank you for the reply!
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Omg i meant fsa not fca. I guess i just answered my own question lol sorry for the dumb question

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