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

Typical FX Scam partner WikiFX! They did not warn public about the scam activities but they received payment from CP Markets to make them look like a legit broker.

Anyone has any experience with Hantec?? It has 9.08 rating on wikifx.  But I don't see it on drfx list of genuine and scam brokers.

I withdrew DMIS (CPM). Last month said 50% dd, last 2 weeks wanted to withdraw they said 30% dd, delayed me till now 80% loss ‼️‼️‼️We will go after CP Market
CPM daily confirmation doesn't have the so call floating trades all the way from September. When withdraw they came out with all the loss trades, so called floating from September
it is CP Market daily confirmation, if not CPM, who else can work with MIB to scam?
Now wiki put NFA general registration. Removed Czech National bank
CPM only licensed to collect small payment. They are now under investigation

CPM has no regulation in CNB
https://www.cnb.cz/en/supervision-financial...MARKETS-s.r.o./

The Czech National Bank wishes to warn the public that COOPER MARKETS s.r.o., company ID number 03441067, which is offering the possibility of trading in financial derivatives via the CP Markets platform on its website https://web.coopermarkets.com/, holds no authorisation to provide investment services or any other financial market services in the Czech Republic, and its activities are not supervised by the Czech National Bank.

Investment in its products is not subject to statutory insurance.

hi, may I know what will happen next? Those ppl who invested can't get their money back? are u having issue trying to withdraw money?

Typical habis cerita for SCAM FX. They will not let you withdraw the money when the game comes to the end.

I withdrew DMIS (CPM). Last month said 50% dd, last 2 weeks wanted to withdraw they said 30% dd, delayed me till now 80% loss ‼️‼️‼️We will go after CP Market
CPM daily confirmation doesn't have the so call floating trades all the way from September. When withdraw they came out with all the loss trades, so called floating from September
it is CP Market daily confirmation, if not CPM, who else can work with MIB to scam?
Now wiki put NFA general registration. Removed Czech National bank
CPM only licensed to collect small payment. They are now under investigation

CPM has no regulation in CNB
https://www.cnb.cz/en/supervision-financial...MARKETS-s.r.o./

The Czech National Bank wishes to warn the public that COOPER MARKETS s.r.o., company ID number 03441067, which is offering the possibility of trading in financial derivatives via the CP Markets platform on its website https://web.coopermarkets.com/, holds no authorisation to provide investment services or any other financial market services in the Czech Republic, and its activities are not supervised by the Czech National Bank.

Investment in its products is not subject to statutory insurance.

Absolutely.

To conclude the hot "FAKE FX" program in the market now, below are the big 4 that we need our elite members here to hunt them down together.

1. MIA (FintechFX)
2. TriumphFX
3. Sentratama (Janis Urste)
4. Blue Trading

I withdrew DMIS (CPM). Last month said 50% dd, last 2 weeks wanted to withdraw they said 30% dd, delayed me till now 80% loss ‼️‼️‼️We will go after CP Market
CPM daily confirmation doesn't have the so call floating trades all the way from September. When withdraw they came out with all the loss trades, so called floating from September
it is CP Market daily confirmation, if not CPM, who else can work with MIB to scam?
Now wiki put NFA general registration. Removed Czech National bank
CPM only licensed to collect small payment. They are now under investigation.



Seems like the problems start on DMIS. The IB. Hve you did a due check on DMIS? Sometime is not the brokerage issue, is the IB the cuplrit.

CPM has no regulation in CNB
https://www.cnb.cz/en/supervision-financial...MARKETS-s.r.o./

The Czech National Bank wishes to warn the public that COOPER MARKETS s.r.o., company ID number 03441067, which is offering the possibility of trading in financial derivatives via the CP Markets platform on its website https://web.coopermarkets.com/, holds no authorisation to provide investment services or any other financial market services in the Czech Republic, and its activities are not supervised by the Czech National Bank.

Investment in its products is not subject to statutory insurance.

Hello, newbie here. Just want to know where I can read the thread that proves Sentratama (Janis Urste) is a scam? Has anyone reported being scammed by Janis before?

How To Check Is the Forex Broker Genuine :thumbsup:  Or Scam

What sort of trader would not like the assistance of a broker that he can rely on? Most new traders struggle to find a genuine forex broker who is transparent and provides a great forex trading experience. There are several reasons for this, but one of the major reasons is the mindset of the traders themselves. As most new traders are lured into the forex game through a fake forex broker as an easy way to make money, they have a wrong image about the forex market and hence do not know how to get long term success. Most of us know that forex is one of the most volatile markets in the world, and due to its floating nature, the prices of the currencies cannot be predicted. But the question of how to identify weather a forex broker is genuine or not depends on several factors. You can also check the various internet websites like forexstars and other to get reviews about the various forex brokers. Here are some ways how you can check the authenticity of a forex broker.
MAKE SURE THE FOREX BROKER IS WELL REGULATED
Only trade or invest with top tier licensed brokers/banks who are under tier 1 and 2 licenses for highest protection. For example, in the event of a Swiss broker/bank bankruptcy, traders and investors are given up to CHF100k capital protection.

Tier 1 licenses under: US NFA, UK FCA, SWISS FINMA, JAPAN FSA, SINGAPORE MAS.
Tier 2 licenses under: European financial regulators, Australia ASIC, Canada IIROC.

AVOID UNREGULATED BROKERS OR OFFSHORE REGULATED BROKERS (Vanuatu, Seychelles, St. Vincent, Belize, Indonesia etc)

Traders and investors can check with their corresponding regulatory agencies that check the credibility of the forex brokers. They include the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) in the United States, Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the United Kingdom, Australian Securities and Investment Commission (ASIC), Swiss Federal Banking Commission (SFBC) and FINMA, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN) in Germany and Autorité des Marchés Financiers (AMF) in France.
Analyze the Website
We all know that in this age of peerless internet technology, coming across fake content is totally possible and one must first check the website first for a clear picture of the reviews. Some websites are meant not for the viewers but an organization’s attempt at getting more affiliates. In such cases you have to judge for yourself whether the reviews are real or are posted through automated software to get more viewers.

Check the Comment Box
Some sites are highly moderated along with the viewer’s comments that appear on the website due to the fear of spam. If a website allows regular users to comment on their posts that is a great sign of openness. But if your comment doesn’t appear immediately on the website and is stuck in the moderation phase forever, you certainly do not want to waste a lot of time reading your reviews on such a website. Several times unanswered comment boxes also indicate the website’s poor activity.

Only Promote Genuine Reviews
There are several websites that post a review and also refer the viewer to a broker’s website as several broker’s pay the sites to promote themselves. While there is nothing wrong in referrals, the viewers must also use their full discretion when it comes to judging whether the reviews are genuine or not. Try to avoid websites that also provide a referral link in a review that also redirects the user to the broker’s webpage.

Transparency Is A Must
The best way to know whether your forex broker is a fake one or not, is to look for his list of clients. While several fake brokers might tell you that it is against the law to disclose such information, the reality is the total opposite and no genuine broker would be afraid to share the list of his clients. Genuine brokers use their network of traders more as their work portfolio and you can always judge the authenticity of a broker through the profiles of the various clients and traders that he deals with. More transparency in a broker’s activities will instill more faith in the clients.

Look At How The Broker Works
While this would be like judging a book from its cover, forex brokers can be judged based on how they deal with their clients. If the forex broker holds each client’s funds in a segregated account approved by the traders, then it is quiet likely that you’re working with a genuine broker. Make sure that the broker has a valid proof of operating under a government regulation.

Check the Broker’s Portfolio
After you have checked how the broker works and the long list of his client’s, you still need to see if the clients are earning regular profits or not. Doing a short background check on how the various traders are performing with a particular broker is one of the best ways to know a broker’s authenticity. Forex is a highly fluctuating market and to ensure profits one requires having a really keen eye and a really honest forex broker.

Forex trading is a risky business and requires a lot of experience and skills, to earn profits over a long term period. Hence it is highly important that the new traders must check the genuineness of a broker to experience a non-stressful forex trading environment.

Indication of SCAMs:
1. FIX RETURN (SCAM)
2. Unregulated or offshore regulated brokers (Potential SCAM)
3. Lucrative upfront commission (SCAM)
4. No live report/statement access (Potential SCAM)
5. Fix exchange rate for deposit and withdrawal (SCAM)
6. Cash payment or local deposit (SCAM) unless through regulated payment gateway.
7. Lock up period (Potential SCAM)
8. Hold good license but fund being transfer to different country or offshore bank
9. High monthly return with illogical low drawdown
10. Capital guaranteed


Any FX companies matched at least 2 of above indications, it is a potential SCAM. If matched 3 of the above indications, then it is definitely a SCAM!


List of Genuine Forex Brokers
1. Forex.com (Gain Capital)
2. FXpro
3. IG
4. Pepperstone
5. Interactive Brokers
6. Dukascopy
7. ICM.com
8. LMAX
9. TradeMax
10. Axi
11. Saxobank
12. IC Markets
13. FXCM
14. Oanda
15. FXTRADING.com
16. FXDD
17. ATCBrokers
18. City Index (Gain Capital)
19. Varianse
20. LCG
21. AIMS
22. Swissquote Bank
23. ThinkMarkets
24. Markets.com
25. Flowbank
26. Bloomberg
27. Tickmill
28. AVATRADE
29. Exness
30. eToro
31. Plus500
32. Admiral Markets
33. Global Prime
34. FXTM
35. BlueberryMarkets
36. TradeTech Alpha
37. Trade.com
38. ADS Securities
39. EasyForex
40. ACY Securities
41. Synergy FX
42. Halifax Investment Services
43. NicoFX
44. AAAFX
45. HY Markets
46. ActivTrades
47. EightCap
48. MaxFX
49. Advanced Markets
50. AKFX
51. Tigerwit
52. GBE Brokers
53. Rakuten Securities
54. GKFX
55. Go Markets
56. Vantage FX
57. Royal RFXT
58. Mex Exchange
59. CMS Forex
60. Amana Capital
61. ATFX
62. equiti
63. FP Markets
64. GMI
65. Aetos
List of SCAM Forex Brokers !ALERT!

1. LiteForex
2. GSM Financial Group
3. RCFX
4. Maxim Trader
5. ODFX
6. GM Trader (TriumphFX)
7. WFX
8. Eu Trading Group EUTG (NewTradeFX)
9. IBS
10. FXUnited
11. YouTradeFX (EUTG)
12. UFXMarkets
13. GVF
14. TP Eagles
15. Efzinitus
16. IGOFX
17. Vortex Assets and VFX Premium (Eu Trading Group)
18. KBFX
19. JJPTR
20. SFX Markets
21. FXMAC
22. Nordhill Capital
23. Otex World
24. ikoFX
25. FXcoliseum
26. FXCitizen
27. Capital Foster Advisor
28. IIB International Broker
29. PTFX
30. Falconaire
31. HotForex
32. Xtrade
33. iiinvestments
34. Exia International Group
35. MYS CAPITAL (SFX Markets)
36. Zurich Prime
37. VenusFX
38. WMS Capital
39. MXC Forex
40. ECM
41. Sentratama Investor Future
42. Midasama (Pruton Capital)
43. FG GLOBAL ENRICH (White Label of Fullerton Markets)
44. FCMIS
45. ODIN Management (odincapital.com)
46. BlueMax Capital
47. Questra
48. Atlantic Global Asset Management
49. FXPrimus
50. OctaFX
51. AccentForex
52. Financial.org
53. OTM Capital
54. MG Falconer (TP Eagle)
55. Starexfx
56. FintechFX (MIA)
57. SuperForex
58. Algotechs
59. Bealgo
60. FiFx Global
61. UTS (Sentratama)
62. Blue Trading
63. Midtou Financials
64. OTM Capital (Midtou)
65. MX Capital (Scrptx Portfolio)
66. EssenceFX
67. Tradesto
68. GCG Asia
69. Gold Tinkle - Genesis Business Group
70. WikiFX (fxeye.com)
71. TradeFred - BrightFX Capital Limited (MIA)
72. ICS Resources Sdn. Bhd.
73. OlympusFX
74. AIP
75. Ocean Bliss Investments (oceanicblissfx)
76. IronFX
77. Veonco Group
78. ECM Trader (ECM Group)
79. CK Ltd.
80. Daweda (Midasama)
81. HiiFX
82. HKdahui
83. Trilasia.com
84. Stone Lion Financial
85. Throne Legacy Capital 腾乐
86. Fullerton Markets
87. NARTT
88. Oribix
89. Awe SwissFX
90. CTIN (MDCFOREX)
91. MAXWISE Union (Sentratama)
92. TrealFX
93. 360coinpath
94. Jadesan Capital Investments (JCI)
95. Orion Star Capital
96. Maxi Services
97. Mahamudra (MMDFX)
98. Forex Chief
99. ATA Markets
100. Juze Investment
101. CP Markets (CooperMarkets.com)
102. FDX Capital (fdxcap.com)
103. Vextrader
104. Arotrade
105. MFM Group
106. Starling Gold Asset Management HK
107. SamTradeFX



List of Genuine CRYPTOS
1. Bitcoin
2. Bitcoin Cash
3. Ripple
4. Ethereum
5. Litecoin
6. Dash
7. Neo
8. EOS
9. Qtum
10. Ontology
11.
12.
13.
14.
15.
List of Suspicious CRYPTO Companies (SCAM!)

1. OneCoin
2. WoToken
3. S Block
4. Plus Token
5. Sixmos
6. Emas Fintech
7.
8.
9.
10.

In case you have invested or trading with any of the scam brokers above, try your very best to withdraw your money back ASAP. If you can't take out your money, file a report or complaint to your local regulator. In most cases, it does not help as scam brokers do not hold any licenses and end up regulators unable to trace them.

Feel free to share your experiences with any other brokers and allow us to add on to above lists.

Based on all the information we provided, i hope it helps new FX investors or traders to differentiate and identify real/scam FX.

We welcome everyone who required due diligence or advise to check the genuineness of a FX brokers. After all, it's FOC.

Moderator, please do not move this topic to join with general Forex spread as it will served as a WARNING to those new to Forex. Thank you.

Please add one more into the scam list which is VTFX aka victory trade international( algo trade) which is a copy of Genesis business group aka Gold tinkle which scams many people

<a href='https://pictr.com/images/2020/12/01/7b2RBO.md.jpg' target='_blank'>https://pictr.com/images/2020/12/01/7b2RBO.md.jpg </a>
<a href='https://pictr.com/images/2020/12/01/7b2DSn.md.jpg' target='_blank'>https://pictr.com/images/2020/12/01/7b2DSn.md.jpg </a>
<a href='https://pictr.com/images/2020/12/01/7b3P9c.md.jpg' target='_blank'>https://pictr.com/images/2020/12/01/7b3P9c.md.jpg </a>
https://www.cnb.cz/en/supervision-financial...MARKETS-s.r.o./
<a href='https://pictr.com/images/2020/12/01/7b37YP.md.jpg' target='_blank'>https://pictr.com/images/2020/12/01/7b37YP.md.jpg </a>
Czech National Bank doesn't work faster change to another one?
<a href='https://pictr.com/images/2020/12/01/7b3xEl.jpg' target='_blank'>https://pictr.com/images/2020/12/01/7b3xEl.jpg </a>
NFA ??  

Hello, newbie here. Just want to know where I can read the thread that proves Sentratama (Janis Urste) is a scam? Has anyone reported being scammed by Janis before?

I don't think you will find anyone who had been scammed by Sentratama (yet). I know many of my ex-colleagues (from Shell Malaysia) who have been letting Janis Urste trade their accounts for more than 6 years, and they have been very happy. Granted, nobody knows the future. Just because they have not been scammed doesn't mean they won't be.  But at least, when I checked the trade history from one of my ex-colleagues who has accounts with Sentratama, I didn't see any dodgy things like I saw in OlympusFX and SamtradeFX (where buy price and sell price are both outside of candles!). Also, Sentratama offers leverage of 50 only - definitely not attractive to anyone who are used to trade with 500 leverage.