Really appreciate DrFX's efforts for helping us to weed out the bad players.

Despite getting nothing in return, yet DrFX still unconditionally keep us informed so that we will not be in harm's way.

I want to take this opportunity to say a big thank you to DrFX !

You are very welcome kygt99. We hope everyone will benefit from our hard work. Not challenge our work. We dont get paid here.

DrFX, Terry and other contributers,

Really appreciated your hardworks, by contributing a lot of inputs, sharings and super advice here..

It helps to prevent and minimise our hard work $$ gone to unknown scam fraud joker fake website as well as to educate new players..

Let us learn from each other/LYN members on it benefits.

Please continue it. Excellent Efforts.

Always Follow SOP..

This post has been edited by Crocus_fern: Mar 19 2021, 10:52 AM

Anyone here have any experience with JCY Markets? How is it?

Oops typo.. I mean CJC Markets

It seems like a proper broker with New Zealand FMA license.

What do they offer?

Hi, is https://fbs.com/ & https://www.usgfx.global/ legit broker?

This post has been edited by Reader2008: Feb 19 2021, 10:43 AM

Hi Reader2008,

FBS is an offshore broker, personally i wont recommend. Heard they bought an Australia ASIC license. Anyone tried before?

USGFX is a bankrupt broker.

You looking for FX broker?

Thank you for your reply. What do you mean by bankrupt broker? Where can I read about this news?

Hi everyone,

I got two questions here looking for answer


1.How much is the rebate we able to receive from a broker for one standard lot in our trading

Let's say for ECN account and the capital is 1k USD with 10 lot traded in a month


2.Why are the total trades in details report generated by MT4 not the same as myfxbook shows? which report is accurate?

Usual I get for every 100 lots is USD150

May i know which broker are you using?
So the rebate is only 1.50USD for every lot traded right?

Is that possible for a broker to rebate 10USD per lot traded in forex trading?

icmarket, rebate is evey 100 round lots. If you dont hit threshold, no rebate. If you account tied to any introducer then introducer benefit the bonus.

The Financial Conduct Authority (FCA), on Monday, said it believes that an ‎online ‎trading website has been falsely claiming affiliation with the ‎authorised brands of Pepperstone.

The copycat scam is the latest in a line of clone firm warnings issued by the City watchdog over the last few years.

The FCA alleges that the copycat broker has chosen to operate under the brand ‘Pepperforeign’, a name similar enough to Pepperstone that it convinced local traders that it was the authorized online trading firm that had contacted them.

A post on the regulator’s website says that the “clone firm” scammers are using the Pepperstone brand as a way to get people to hand over details or money.

The clone entity operates under the domain name https://m.pepperforeign.com, which prompted action from the United Kingdom’s regulatory body, advising everyone to avoid it entirely.‎

Suggested articles
2020 Trends and the Future of BitcoinGo to article >>

The fraudulent website is indeed attempting to mislead investors into ‎thinking that it is offering ‎a ‎‎legal product by using the ‎details of an authorized firm operating under a similar name.‎ It also claims to be ‎licensed by the FCA, ‎using the regulated firm’s registered ‎address and making reference to its ‎actual website, a typical move for a scam ‎company to gain the ‎trust of unsuspecting clients.

As per usual, this seems like yet another instance of a scam operation where an unlicensed company illegally assumes the identity of an authorized company so that traders will mistake it for the legitimate entity.


The illegitimate broker opted to claim an address in Germany. Pepperstone already kicked off its operations in Germany in December, barely four months after it had received a financial services license from the nation’s regulator, BaFin.

Called ‘Pepperstone GmbH,’ the new subsidiary secured its BaFin approvals in August and has a particular focus on the DACH countries, including Austria.

Beyond strengthening its position in its homeland, Pepperstone has been actively growing abroad. In 2020, the Australia-headquartered company has secured financial services licenses in Dubai and Cyprus and has made its entry into the Kenyan forex trading market, which coincided with Pepperstone’s 10th year of operations.

Yes, this is possible for standard spreads. You may PM me if interested.

No surprise for popular brokers. Scammers like to clone these famous brokers.

However, if you ever heard unknown broker like TriumphFX was cloned, then it's definitely a joke.

Thanks for sharing.