Just wondering, we got so many brokers out there. Are there any good traders out there?

Please give examples. I have access to investor account and I haven't seen anything dodgy.

Here is one I found from myfxbook

As far as I am aware of, 90% of retail btokers are dealer desks, meaning they bet against the clients. Client's loss is broker's gain. So brokers are essentially online casinos. Those who offers more than 200 leverage never route client's orders to the real forex market where central banks and large funds are trading.

I think you have plenty to learn in fighting FX SCAM. Thanks for providing the Myfxbook link. A perfect result with only 1.36 MAXIMUM DRAWDOWN. You may ask traders here whether it is possible to make 5-6% returns every month for 3 years without drawdown. Look at the performance chart, there is no equity line (yellow color) which mean the trades open and closed in no time.

Hi AliG,

Please DO NOT mislead the members of this forum with incorrect information.

Sentratama is definitely a SCAM FX doing fake manipulated trading. Please open your eyes and learn.
https://www.myfxbook.com/members/95bcwh/elite-500/2648952

You have the scammer MYFXBOOK, that's very helpful. Learn how to study the SCAM FX myfxbook. It's very easy to identify.

This post has been edited by DrFX: Dec 2 2020, 09:09 PM

ask Janis Urste open a manager account at any of the broker here : https://forum.lowyat.net/index.php?showtopic=4942424 plenty of investor if he/she can replicate the same result in myfxbook, he/she will be starting own hedgefund in no time. no need trade using dodgy broker and seeking publicity trying to bait newbie

There is no need to be so defensive, when someone present a view that contradict yours. I was asking for proof, you said you have tested many fake trades on sentratama account but you have shown none. And then when you resort to your typical style of belittling others who disagree with you.

you have the link to myfxbook, instead of telling me to open my eye and learn, which is effectly saying nothing, why don't you point out exactly, how you can tell so EASILY this is a fake myfxbook? Just because he trades with less than 2% DD, so it must be faked?
https://www.myfxbook.com/members/95bcwh/elite-500/2648952

Btw I have seen him trading with -8.8% drawdown. Does that make him more legit?

And you don't see an equity line on myfxbook chart, that is because myfxbook plot ONE POINT PER DAY, and he opened and closed each trade within the same day, he doesn't hold trades overnight. So it is impossible to see a separation of equity line vs balance line on myfxbook chart. You will only see a separation between the two lines when a trade is held over night, and equity today is different from equity yesterday, while the balance remain the same on both day.

I can understand all the rest of the arguments against Sentratama - indonesian broker - sounds dodgy by default. BTW, He also traded with UW Global, a broker registered in Labuan, Malaysia.

These are two recent trades he took, how can you tell from the charts that these trades were fraudulents?
Winner

Loser


Again, I have no account with Sentratama, I visited this page to discuss scam broker, if there are solid proof that Janis Urste is a fraud, I am dying to know, so I can tell all my friends to pull out IMMEDIATELY. But honestly, I am a bit disappointed with the attitude here. I know this post will not be received well, and I can predict what's going to happen next, more names calling coming my way (without offerring any proof that can actually stand in court).

Good news for you, UW Global is owned by the owner of Sentratama. You dont know? Labuan is tier 3 license, same to Indonesia. Do your own due diligence! You need to learn, dont be naive, kid! If you try to challenge and defend a FX SCAM, you need to take it. We are here to defend everyone from scammers. So when you are on scammer side and trying to challenge us, you make yourself looks stupid. We are doing this for FREE. Many came to challenge us but end up hide and cry. Perhaps you should give some testimonial when Sentratama burned all investors money. Soon, very soon.

Proof? We are the proof. We never wrong. It's proven one after another. Attitude? Do you think people will treat you nicely if you defend a raper or thieve?

Are you checking all trades? If no, don't show us the chart. It's idiot to check only 2 trades. They can easily mixed manipulated trades with some real trades to make it looked real.

This post has been edited by DrFX: Dec 3 2020, 04:23 AM

Dude, this is not a place for you to ask for proof. You either listen to the advise or you do your own due diligence. I would advise you to invest all your money in Sentratama now since you are very confident they are real. Faster invest, he never loss. Everyone take responsible for their own money and please dont come here to challenge with your 2 charts. The myfxbook already clearly showed Sentratama is doing manipulated fake trades. Dont know? Please learn or you wait until it burned all the investors money.

Sentratama has no valid top tier license, 99% tier 3 license or below are fake FX. Sentratama is definitely one of the FX SCAMs. My investor was scammed by Sentratama before Janis joined as their actor. FX license is the priority box to check when identify genuine/fake Forex.

When these scammers fake trades duplicate to genuine FX broker demo account in real time, we can easily caught them. This is also why some FAKE FX companies already learned and hide open trades.

This post has been edited by terrytan: Dec 3 2020, 05:22 AM

Anyone using IAL Forex Broker ?

https://ial.group/

Never heard

Stay away! It's an unregulated broker.

Does it make a difference if the account we registered with is in another country e.g.: Pepperstone is aussie co, regulated in Aust, UK, etc.

https://pictr.com/images/2020/12/04/7fVhWl.md.png

But when open account, it is under their Bahamas company entity.

https://pictr.com/images/2020/12/04/7fVnt2.md.png

Do you know that sentratama big boss is a lady that in 3 years she bought a 10 million usd office lot in cash? Plus all her lambos and stuff, i believe that UTS sentratama is a pure ponzi bullshit, as the market maker can always manipulate the price

So that means even if a broker is registered with BABBEPTI which is a government body of Indonesia, that is not sufficient? http://bappebti.go.id/
Hmm, can the government of Indonesia be this incompetent?

Might be out of topic but wow.

Looks like ck Ltd BBB is going full swing now. More and more people are cashing in into it. It's so unbelievable to see all these lalabengs and ahbengs running that company lol.

It's also disgusting on how they prey naive young people primarily students in colleges / Universities.

I don't know when all of this will collapse. Everyday record profits, boasting how they can make everyone have 5 digit incomes every month.

It'd be really satisfying to see when ragnarok day comes. Whats the point of having 5 digit profits everyday when you can't even withdraw it

Another hilarious thing is that these gurus are showing off and flexing hard cold cash, which insinuates that they're not accepting wire transfers for deposit. LOL

This post has been edited by CertifiedHomphobe: Dec 10 2020, 06:43 PM

Hi there,

Thought of posting in this forum for the first time (although I signed up as member a few years ago to read other non-finance topics) since I've also started actively in FX trading not too long ago. Very pleased to see the Moderator/Admin of this topic has taken the time to compile a list of FX brokers and scammers for our reference!! Indeed useful to amateur trader like myself. Kudos!

Personally, I've had experience with offshore FX brokers like ECM Trader and Brightwin Securities, as promoted by their educators (probably through some IB program) namely King's Academy and Ace Academy, respectively, when I paid to attend their workshops when first indulging in FX trading. Since then, I've moved on to Pepperstone.

Previously, King's Academy was managed by Kingsley and his FX workshops were all conducted only in Mandarin (he's also written/published a few books on FX in Chinese); Kingsley has got a few junior trainers assisting him in conducting in-person (before MCO time) and online workshops too.
On the other hand, Ace Academy got their trainers from Singapore (Marcus & Ang Kar Yong) with their "proprietary" MT4 trading system.

However, since early this year, I've noticed that Kingsley seems to have parted ways with his junior trainers/partners, who apparently have come out to set up their own FX education academy; Kingsley seems to be on his own now while his former partners have newly set up "Value Envision" and continue to hold online FX workshops (in Mandarin only) to their registered members (via some monthly subscription if I'm not mistaken). The only thing I'm not sure about is whether this Value Envision is still affiliated with broker ECM Trader (registered in Vanuatu??).

Meanwhile, I see that "ECM Trader" is listed as SCAMMER in the list being compiled by the Moderator/Admin here. I personally still maintain the minimal amount with ECM Trader account, simply because I want to continue using one of their CUSTOMIZED indicators King's Academy had developed on their MT4 system, but I 'm not comfortable of doing live trading with this broker anymore since their spreads are not attractive at all.

So to cut long story short, has anyone here signed up or dealt with this new group Value Envision?? Any bad experience so far? Not that I'm interested to sign up with them, just curious/kepochi nia. haha
Feedback appreciated.

Happy Trading!!

It is OK to trade under offshore for leverage benefit as long as the brokers hold tier 1 or 2 licenses. Go for big brokers, not those small or fake FX. Big brokers like Pepperstone will keep their segregated accounts safe in Australia bank even though you are trading under offshore.

Open an account here today! http://trk.pepperstonepartners.com/aff_c?o...45&aff_id=16162

No surprise. There are no real trading, thus all deposits are free for her to spend as she wish. Once the "actor" crashed the accounts, then those investors money will officially become her money.

This post has been edited by terrytan: Dec 11 2020, 01:51 AM

Do you think Malaysia boleh or Indonesia boleh? or Both abang adik?

It's nothing to do with government of Indonesia since those scammers are collecting money via offshore firm. So when something bad happened, do you think you are going to report to BAPPEBTI? Will they efficiently help you on the investigation as a foreigner? I doubt they have the expertise and commitment for you.

Same thing happened when MBI crashed. Did Malaysia authorities help the China innocent investors?

This post has been edited by terrytan: Dec 11 2020, 01:56 AM