Another newbie assumption, assume get returns mean it's real. It's your own money, dude.

TriumphFX is the biggest FX SCAM now!

This post has been edited by terrytan: Feb 3 2021, 04:12 PM

That's the risk when you cant see your equity level or open trades. They keep showing you profits that are only closed trades. Open trades still remain open and the floating could be high. Personally i would avoid this kind of investment which is not transparent.

I think they have switched 2nd time now. 1st VantageFX, then follow by MEX, now USGFX. USGFX is considered a bankrupt broker.

This post has been edited by terrytan: Feb 3 2021, 05:33 PM

Hi Dr FX, if I'm a newbie fx trader which apps do you recommend for me to use? One that have low commission, high leverage and low entry if possible?

Please check Genuine brokers on the 1st page of thread.

You can try few of these brokers. All good and reputable world top 10 brokers.

Pepperstone http://trk.pepperstonepartners.com/aff_c?o...45&aff_id=16162
AXI http://www.axi.com/int/live-account?promocode=871263
FXCM https://secure4.fxcorporate.com/tr/?rb=VESBOLT_LTD

that USGFX is indeed bankrupt or near banktrupt..??!! https://fxnewsgroup.com/forex-news/retail-f...shareholder-is/

Libronic clients had better be cautious..

This post has been edited by AliG: Feb 3 2021, 08:38 PM

It's everywhere. Try google.

https://www.financemagnates.com/forex/broke...ng-liquidation/
https://www.cryptovibes.com/blog/2020/10/08...division-owner/

Do you mean my mum also mastermind running the scheme as she already get higher than her invested amount, say she invested 12K usd in early 2019; and every cycle get her return as latest one on 26 Jan 2021. Her investment already have breakeven since March 2020... then after April 2020, where does her profit come from?

The profits are from those new investors invested after her. It's a ponzi scheme. And make sure your mum withdraw the money back in her bank account, if the money still with TriumphFX account, that's not count. Lastly, better be sure she dont reinvest. That's the number 1 mistake did by greedy innocent investors.

Its a lure tactic.

TriumphFX is a scam.

I keep reading TriumphFX is a scam, lots of people who asked me, I also told them it's 'very likely' that it's a scam. But nobody can prove it!

Up to you laa bro. Jangan cakap abang tak payung.

Lately, so many who are using OctaFX are facing extremely late withdrawal.

Stay away from OctaFX. Its a scam.

What kind of proof are you looking for?

This post has been edited by DrFX: Feb 4 2021, 07:58 PM

Brother, respectfully, when people asking for proof, the answer:"Don't say I didn't warn you", is only a faith-based opinion/judgement.

We are not faith-based opinion/judgement like you.

then prove it

We have plenty of proof to shares about TriumphFX SCAM. Let's do it one by one.

https://www.todayonline.com/singapore/six-c...lm-scheme-forex

1st TriumphFX director jailed, released after 5 years. They said the current TriumphFX has nothing to do with this one. Too bad, they were caught using the same broker server in Myfxbook. Same Master account started from the first TriumphFX until now, it's the same broker server. If you click the their myfxbook regardless old or new, still the same broker. It's the same broker no matter how many companies or how many jurisdiction they changed. Still back to the same bloody scammer.

Why are they keep using the same account? That's the only way to convince people that they have been paying for many years. They will not show massive losses on the Master account because they need it for plan B, C, D, E.

1st round Hong Kong, they told investors someone clone them. Which idiot clone a bloody unknown broker? If people want to clone, better clone FXCM, Oanda or any popular broker.

2nd round New Zealand, they told the investors that all the money being hold by the New Zealand government. Kiss your money and good bye.

3rd round Vanuatu, many investors funds were transferred to different strategy and end up loss all. Smart! That's why they can still keep the same Master account.

4th round Cysec + unknown offshore, looking forward what's the next reason. Perhaps they will burn it all this time.

Check the article, the Singapore authority already confirmed that no genuine trading activities behind.

NO MATTER HOW MUCH PROOF YOU PROVIDE, THOSE GREEDY PEOPLE WILL FIND ALL KIND OF EXCUSES. WE HAVE MORE PROOF HERE BUT IS IT NECESSARY? END OF THE DAY, IT's THEIR MONEY AND STUPIDITY, NO ONE CAN HELP THEM.

You have plenty to learn. You are still young, kid.

good summary...

but aiyoh ppl so lazy to do their own simple dd even when prompted... deserves their account wiped ah...