Any name or web site?

Very unfamiliar logo.

Nope, never brought up in his posts.
Only sharing the good profits, earning daily.
Using reverse psychology asking all not to join as he profits more if you don't join.
But sounds like despo in need for more to join.

only thing closest I could try to find is this logo as it was shared in post on success trades and interest earn

Most likely are scam. Unknown platform 99% are scam.

Hi bro, why do u say cp market is a scam? My mom getting about rm500+ a month by investing rm6800..

mind sharing
how long has she been placing that RM6800?
this RM500+ monthly,.... did she get it back thru her bank a/c?
how long after she placed the RM6800, was the monthly RM500+ started to arrives in her bank a/c monthly?

Hello. Libronic has changed from MEX to USG.
I am one of the investor, currently USG seems to be stable, although some fine tuning is still require.
Wake up your idea if you do not have any thing!

Every scams started with "investors" getting money. Make sense? If no one getting returns, no one will invest. That's the way they can get more people to invest.

Soon or later it will collapsed when the scammer collected enough money as in ponzi scheme.

You sounds very young. Plenty to learn how these scams operate. CP Markets has no valid FX broker license and doing fake trading with fake returns. In short, those money your mum getting is from her own initial investment.

There are many ex scammed FX platforms that you should study if you are new including JJPTR, IGOFX, MIA, GOLD TINKLE, etc.

This post has been edited by terrytan: Nov 22 2020, 12:47 AM

Are you able to see open trades via platform or daily statement?

Hello Terry, thanks for explaining this to me. I hope I can talk sense in my mom about this, I told her not to believe. Let's hope she don't invest further in this CP Markets/FDX Capital.

The past few days she has been wanted to top up more which will cost another RM6800 to and she was hoping a return at least RM1000 month, at least that's what her friend is getting.. I'm starting to feel the stress about it as I feel that she is being scammed.

She just started a few weeks ago, she mentioned that her friend is getting back the money after invested RM50,000+ and now earning back at least RM4000++ a month.

She also tell me that she can withdraw the money of RM500+ instantly if she want but she haven't do so yet as she told me that the more she invests, the more she gets in return in future.

I'm sorry to ask but may I know how can I check whether a company has a valid FX broker license?

1.) check first which country company is registered
2.) after you know the country, look for their financial regulator website

for example, broker in Singapore, and financial regulator is MAS https://eservices.mas.gov.sg/fid so forex company must have license from MAS

https://forum.lowyat.net/index.php?showtopic=4895943&hl=

Usually they will mention at bottom page of their website. If don't have don't bother at all.

We sense the greedy devil is working on their magic. It's the trap that they want you to keep reinvest or top up.

When it sounds too good to be true, then it is definitely not true.

You can read through the 1st page of this thread which has almost all the information you need. Thanks to DrFX.

Perhaps this may give you an idea how CP Markets cheat with the cheapest license from Czech Republic. Similar to MIA, they got a small payment service license, not FX license, not investment license.

CP Markets also has NO VALID NFA license, another misleading cover up by WikiFX who got paid by CP Markets.

Whenever there are no valid license, mean they can cheat and scam as they like. The returns are ilussion, it's from your own money. The trades are fake, there is no real trades behind.

Thanks for all the feedback everyone.

What is small scale payment service means ya?

Provide payment services specified in its registration as a Small-scale payment service provider.
To carry out activities related to the provision of payment services specified in its registration with the Small-scale payment service provider, including the provision of loans under certain conditions.
Provide payment systems, with the exception of a payment system with an irrevocable payment system.

I was told that forex returns has been bad this month due to US presidential election. Is anyone here experiencing the same?