May I know if there is any PAMM recommendation from other genuine forex platform with good returns?
How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker
How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker
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Jan 28 2021, 04:09 PM
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Junior Member
137 posts Joined: Jul 2008 |
May I know if there is any PAMM recommendation from other genuine forex platform with good returns? BC3232 liked this post
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Jan 28 2021, 04:18 PM
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Senior Member
1,071 posts Joined: Nov 2015 |
QUOTE(Whoopee71 @ Jan 27 2021, 03:01 PM) BTW, I just read in TheEdge today that "The Securities Commission Malaysia’s (SC) updated investor alert list now includes nine additional entities comprising FXCM, Investopedia, AMC Management & Services, Infinox, DS Investment, Cappacity Fx Trading, Bitto Exchange Pte Ltd, Jebat Crypto and Esmash Investment Plan." Our scam list did not follow Malaysia SC alert list. Furthermore, the same article (dated 27 Jan 2021) also reports that "Among the newly-added entities, the SC claimed that FXCM and Investopedia were "carrying on unregulated activities”. "The SC, however, did not specify the nature of the unregulated activities. The SC claimed that Investopedia is a “possible clone offering high returns of RM26,500 for a minimum investment of RM1,500”. So perhaps this thread starter may have to update the list too?? SC alert list is purely based on complaints received from the public which is less accurate, lack of professional and way too late. However, some may helps too. The complaints from the public can be from competitors as well. For example, FXCM is a public listed classic FX broker that has more than 20 years history. It is well regulated in UK and Australia. Investopedia îs a scam? We doubt so, possible another clone firm that misused the name of Investopedia. We shall check the rest and update the scam list accordingly. |
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Jan 28 2021, 06:13 PM
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#3483
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Junior Member
30 posts Joined: May 2005 |
QUOTE(ongtomato @ Jan 21 2021, 11:28 AM) https://www.liquidity-provider.com/who-is-a...idity-provider/Read up here. Hope it helps. Usually is the banks. The one you mentioned could be tier 2 or just plain scam. Hahahhaha... |
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Jan 28 2021, 08:58 PM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang |
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Jan 29 2021, 12:11 AM
Show posts by this member only | IPv6 | Post
#3485
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang |
QUOTE(Jas0n_Grss @ Jan 28 2021, 06:13 PM) https://www.liquidity-provider.com/who-is-a...idity-provider/ No proper license. It's SCAM, that's all.Read up here. Hope it helps. Usually is the banks. The one you mentioned could be tier 2 or just plain scam. Hahahhaha... |
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Jan 29 2021, 10:23 PM
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Newbie
10 posts Joined: Oct 2013 |
QUOTE(terrytan @ Jan 14 2021, 09:51 PM) You reminded me SamTradeFX. They have both fake manipulated investment and retail traders for normal trading. I would suggest fxblue rather than myfxbook. myfxbook just full of fake portfolioEnd of the day, any performance showed must be Live account from top tier brokers. Myfxbook will be the easier way to see everything. |
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Jan 30 2021, 03:33 PM
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Senior Member
998 posts Joined: Jul 2005 |
hi guys, recently was approached by an old friend. He shared me this:
https://www.myfxbook.com/members/sealarkfth...-usd-5k/7481507 Anyone heard about this slk thingy? |
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Jan 31 2021, 10:38 AM
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Senior Member
2,096 posts Joined: Oct 2007 |
QUOTE(Gravity @ Jan 30 2021, 03:33 PM) hi guys, recently was approached by an old friend. He shared me this: Never heard of it... better stay away.https://www.myfxbook.com/members/sealarkfth...-usd-5k/7481507 Anyone heard about this slk thingy? How much they asking? |
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Jan 31 2021, 03:47 PM
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Senior Member
1,071 posts Joined: Nov 2015 |
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Feb 1 2021, 11:40 AM
Show posts by this member only | IPv6 | Post
#3490
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Senior Member
2,096 posts Joined: Oct 2007 |
QUOTE(Reader2008 @ Jan 28 2021, 03:26 PM) Hi, I have recently invested to tfxi.com or tfxi2.com Did your friend show his 6 years profit withdrawal bank record?I attached my funds to PAMM Yuri, been getting 8% return monthly. Some of my friends have been using the platform for 6 years. The return seems too good to be true. May I know is it genuine? Talk is cheap. |
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Feb 1 2021, 11:57 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor |
QUOTE(Gravity @ Jan 30 2021, 03:33 PM) hi guys, recently was approached by an old friend. He shared me this: I usually stay away from shady brokers with good records in Myfxbook. You can edit and adjust the figure if you control the backend. https://www.myfxbook.com/members/sealarkfth...-usd-5k/7481507 Anyone heard about this slk thingy? |
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Feb 2 2021, 05:34 PM
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Newbie
10 posts Joined: Oct 2013 |
QUOTE(DrFX @ Jan 31 2021, 03:47 PM) Both are good. Check the brokers to identify real or fake portfolios. 99% offshore or unregulated brokers are fake. Hi DrFX, thanks for replying. Would you mind to share with me how to actually identify real/fake portfolio? Meanwhile, how do you think if the trading portfolio is using new broker and allowing investor to view running trades (open trades and pending orders)? I believe investor can cross check the entry price with big brokers right? |
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Feb 2 2021, 05:37 PM
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Newbie
10 posts Joined: Oct 2013 |
QUOTE(Gravity @ Jan 30 2021, 03:33 PM) hi guys, recently was approached by an old friend. He shared me this: Never heard of ithttps://www.myfxbook.com/members/sealarkfth...-usd-5k/7481507 Anyone heard about this slk thingy? |
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Feb 2 2021, 05:37 PM
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Senior Member
3,389 posts Joined: Sep 2019 |
Don't think too much, most people never make withdrawals at all due to losses. So fake or genuine does not matter, one way deposit into money pit.
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Feb 2 2021, 07:09 PM
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Senior Member
1,229 posts Joined: Jan 2003 From: Penang |
QUOTE(waghyu @ Feb 2 2021, 05:37 PM) Don't think too much, most people never make withdrawals at all due to losses. So fake or genuine does not matter, one way deposit into money pit. Dont think so. Many of our investors withdrawing months after months. Some also full withdrawal due to jobless, emergency, etc. |
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Feb 2 2021, 07:30 PM
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Senior Member
3,389 posts Joined: Sep 2019 |
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Feb 3 2021, 09:06 AM
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Junior Member
70 posts Joined: Jul 2011 |
QUOTE(LaMort88 @ Feb 2 2021, 05:34 PM) Hi DrFX, thanks for replying. Would you mind to share with me how to actually identify real/fake portfolio? Meanwhile, how do you think if the trading portfolio is using new broker and allowing investor to view running trades (open trades and pending orders)? I believe investor can cross check the entry price with big brokers right? Which broker are you using now? As long as your broker is in the genuine broker list, it should be fine. |
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Feb 3 2021, 12:45 PM
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Newbie
5 posts Joined: Apr 2011 From: Melaka |
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. My withdrawal request was on 26th Nov and till now I haven't received my funds yet. Same as my friend which requested withdrawal since 6th Nov.I joined Libronic AI at the end of June 2020. The ROI was quite promising at first; July - 56.36%, August - 15.43% (They switched from VantageFX to MEX), Sep - 13.06%, Oct - 9.4% (They switched brokerage company from MEX to USGFX), Nov - 13.66%, Dec - 14.03%, Jan 2021 - 9.43%. To me, I find it fishy, why would they change brokerage company so often especially within 6 months? I just find it absurd. This post has been edited by canonind1909: Feb 3 2021, 12:46 PM |
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Feb 3 2021, 01:07 PM
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#3499
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Junior Member
47 posts Joined: Jun 2009 |
List of SCAM Forex Brokers !ALERT!
6. GM Trader (TriumphFX) Weird thou... despite listed as scam alert at here, my fund returning well since last feb 2020 until now... |
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Feb 3 2021, 02:32 PM
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Junior Member
70 posts Joined: Jul 2011 |
QUOTE(canonind1909 @ Feb 3 2021, 12:45 PM) My withdrawal request was on 26th Nov and till now I haven't received my funds yet. Same as my friend which requested withdrawal since 6th Nov. Some brokers don't allow clients to withdraw if there are open positions on the Master account. I joined Libronic AI at the end of June 2020. The ROI was quite promising at first; July - 56.36%, August - 15.43% (They switched from VantageFX to MEX), Sep - 13.06%, Oct - 9.4% (They switched brokerage company from MEX to USGFX), Nov - 13.66%, Dec - 14.03%, Jan 2021 - 9.43%. To me, I find it fishy, why would they change brokerage company so often especially within 6 months? I just find it absurd. Other than that, the PAMM could be running large DD, and with a long withdrawal queue, they have to manage it more slowly. No other explanation I can think of. The brokers they used are genuine and unlikely to participate in scam with the trader. This post has been edited by AliG: Feb 3 2021, 06:13 PM Tyrion Lannisterr liked this post
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