How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker
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 Dec 29 2020, 04:20 AM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang  
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QUOTE(Whoopee71 @ Dec 28 2020, 09:31 PM) I see. I thought so too. I only heard of them thru a "FX Educator Group", which is believed to be affiliated with TradeHall. Are you doing self trading or investing?I'm using TradeHall and don't intend to too.  |
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Dec 29 2020, 11:16 AM
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Newbie
31 posts Joined: Mar 2016
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QUOTE(terrytan @ Dec 29 2020, 04:20 AM) Are you doing self trading or investing? Self trading only. What about you? Are you affiliated with Vesbolt (I saw your link to them in your signature)?ps: Just noticed i had a typo on my last post. Just corrected it. haha |
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Dec 29 2020, 03:24 PM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang
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QUOTE(Whoopee71 @ Dec 29 2020, 11:16 AM) Self trading only. What about you? Are you affiliated with Vesbolt (I saw your link to them in your signature)? ps: Just noticed i had a typo on my last post. Just corrected it. haha  Yes VESBOLT. For self trading, you can go for much better platform. |
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Dec 30 2020, 04:49 PM
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Newbie
31 posts Joined: Mar 2016
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QUOTE(terrytan @ Dec 29 2020, 03:24 PM) Yes VESBOLT. For self trading, you can go for much better platform. Why I mentioned Libronic because I've got a friend who approached me about Libronic's services not too long ago.  |
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Dec 30 2020, 07:27 PM
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Senior Member
1,071 posts Joined: Nov 2015
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QUOTE(Whoopee71 @ Dec 30 2020, 04:49 PM) Is the biz/revenue model of VESBOLT based on MAM or PAMM, similar to that of Libronic? Both Libronic and VESBOLT are using legit brokers.Why I mentioned Libronic because I've got a friend who approached me about Libronic's services not too long ago. This post has been edited by DrFX: Dec 30 2020, 07:28 PM Whoopee71 liked this post
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Dec 30 2020, 10:03 PM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang
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QUOTE(Whoopee71 @ Dec 30 2020, 04:49 PM) Is the biz/revenue model of VESBOLT based on MAM or PAMM, similar to that of Libronic? Yes similar, we offer multiple portfolio strategies selection and up to 13 top tier brokers available.Why I mentioned Libronic because I've got a friend who approached me about Libronic's services not too long ago. Whoopee71 liked this post
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Dec 31 2020, 02:58 PM
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Probation
15 posts Joined: Aug 2020
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QUOTE(DrFX @ Dec 30 2020, 07:27 PM) Both Libronic and VESBOLT are using legit brokers. Yes libronic are using legit brokers. But investors hve difficulties on withdrawal profit. Based from wat my frez told me. He invested in libronic. Some of them cant withdrawa profit since july. |
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Dec 31 2020, 03:07 PM
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Probation
15 posts Joined: Aug 2020
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QUOTE(Whoopee71 @ Dec 29 2020, 11:16 AM) Self trading only. What about you? Are you affiliated with Vesbolt (I saw your link to them in your signature)? ps: Just noticed i had a typo on my last post. Just corrected it. haha That is his business. He is the co founder of vesbolt. |
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Dec 31 2020, 03:11 PM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang
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QUOTE(Crystal1981 @ Dec 31 2020, 02:58 PM) Yes libronic are using legit brokers. But investors hve difficulties on withdrawal profit. Based from wat my frez told me. He invested in libronic. Some of them cant withdrawa profit since july. It will be hard if Libronic investors are not aware of their equity level or open trades due to the fact that Libronic is using PAMM allocation. This type of allocation are not able to see the actual open trades floating amount. Personally I wont encourage this kind of setup. |
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Jan 1 2021, 09:50 AM
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Junior Member
398 posts Joined: Dec 2009
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QUOTE(Crystal1981 @ Dec 31 2020, 02:58 PM) Yes libronic are using legit brokers. But investors hve difficulties on withdrawal profit. Based from wat my frez told me. He invested in libronic. Some of them cant withdrawa profit since july. I am calling that bullcrap, i personally have account at libronic since June, and have no problems withdrawal since day 1 until the latest shift of brokerage (to USGFX), but still i managed to get my first withdrawal @ USGFX already just a few days ago. Heard news is that USGFX recently overloaded with withdrawals request thus long waiting period for withdrawals... |
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Jan 1 2021, 01:17 PM
Show posts by this member only | IPv6 | Post
#3451
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Junior Member
567 posts Joined: Mar 2011
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anyone tried SaxoTrade?
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Jan 2 2021, 01:28 AM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang
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QUOTE(chiucheng @ Jan 1 2021, 09:50 AM) I am calling that bullcrap, i personally have account at libronic since June, and have no problems withdrawal since day 1 until the latest shift of brokerage (to USGFX), but still i managed to get my first withdrawal @ USGFX already just a few days ago. Heard news is that USGFX recently overloaded with withdrawals request thus long waiting period for withdrawals... You may need the check the equity level or floating % of your account. |
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Jan 2 2021, 05:09 PM
Show posts by this member only | IPv6 | Post
#3453
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Junior Member
70 posts Joined: Jul 2011
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QUOTE(terrytan @ Jan 2 2021, 01:28 AM) You may need the check the equity level or floating % of your account. He cannot. I have spoken to people in charge of sales. They themselves also don't know the extent of floating drawdown. At the moment withdrawal from Libronicfx takes about 1 to 2 months. |
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Jan 3 2021, 05:38 PM
Show posts by this member only | IPv6 | Post
#3454
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Junior Member
398 posts Joined: Dec 2009
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QUOTE(terrytan @ Jan 2 2021, 01:28 AM) You may need the check the equity level or floating % of your account. Floating equity can't check maybe because we are using PAMM system... Anyway for vesbolt, what are the broker choices we can use if let vesbolt manage our funds? Looking to diversify my investments |
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Jan 4 2021, 02:29 AM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang
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QUOTE(chiucheng @ Jan 3 2021, 05:38 PM) Floating equity can't check maybe because we are using PAMM system... Anyway for vesbolt, what are the broker choices we can use if let vesbolt manage our funds? Looking to diversify my investments VESBOLT is working with 13 top tier brokers including Pepperstone, LMAX, Swissquote Bank, LCG, TradeMax, FXTRADING.com, ICM.com, AIMS, ATCBrokers, etc.Feel free to check out our portfolio strategies from traders around the world. https://www.vesbolt.com/our-portfolios Brokers availability subject to the portfolio strategies selection. |
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Jan 5 2021, 01:11 AM
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Senior Member
1,071 posts Joined: Nov 2015
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QUOTE(JAIDK23 @ Jan 1 2021, 01:17 PM) anyone tried SaxoTrade? Good broker but not suitable for retail trader. It's more like an institutional LP. |
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Jan 5 2021, 01:11 AM
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Senior Member
1,071 posts Joined: Nov 2015
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QUOTE(AliG @ Jan 2 2021, 05:09 PM) He cannot. I have spoken to people in charge of sales. They themselves also don't know the extent of floating drawdown. At the moment withdrawal from Libronicfx takes about 1 to 2 months. The company management should know unless they purposely hide it from investors. |
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Jan 5 2021, 05:27 PM
Show posts by this member only | IPv6 | Post
#3458
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Junior Member
567 posts Joined: Mar 2011
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QUOTE(DrFX @ Jan 5 2021, 01:11 AM) Good broker but not suitable for retail trader. It's more like an institutional LP. can recommend broker suitable for retail trader and offer cheap fees too that i can dig into?..  |
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Jan 5 2021, 09:58 PM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang
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QUOTE(JAIDK23 @ Jan 5 2021, 05:27 PM) can recommend broker suitable for retail trader and offer cheap fees too that i can dig into?.. You may try these brokers. Both world top 10 brokers.Pepperstone (Choose razor account for tight spreads) http://trk.pepperstonepartners.com/aff_c?o...45&aff_id=16162 Axi - 20% bonus http://www.axi.com/int/live-account?promocode=871263 |
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Jan 12 2021, 06:34 PM
Show posts by this member only | IPv6 | Post
#3460
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Probation
1 posts Joined: Jan 2021
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Has anyone tried aimsfx before ?? Is it a scam?
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