Is forex cartel legit ? It’s owned by mas khan?

We do not see any license information on the web site. What do they offer?

Join telegram group then they give signal everyday . I tried twice seems to work . And their min deposit is only 50 USD and btw they’re using dollar market to deposit money . I checked dollar market is unregulated and in those offshore tax free countries . So how u guys ? I’m new to this so sorry

Avoid any platform that is unregulated. Their signal may not works on other regulated brokers.

But they’re telling their users to use MetaTrader 4 too ? And I’ve tried using demo account and their signals tend to be profitable lo

Hi all,

Is IC Market legit? I tried and paid RM580 and they said the return was 11k. They wanted me to pay RM1.7k as a fee to the broker before I can withdraw the 11k. They will transfer the amount within 30minutes. Is this a scam or real?

obvious you got scammed.

Tq for the reply. I didn't proceed and requested for refund and they said okay and asked me to wait for 2 weeks. I was actually suspicious of this one but I saw lots of people on fb who showed interest on it. So out of curiosity and wanted to know the real deal, I paid those amount and reached this stage 😂 And now confirmed that IT IS a scam 🤣 Now wait and see.

Hi, I came across this triumphfx and tried to google it for more info. Then i came across this thread and saw it's labeled as scam. May I know why is it scam ya? Is it they are money game and collecting money from investors and distribute monthly payout from our money?

Yes, please go through the thread and you will found more information about this scam.

It's a money game in fake FX model.

Obviously you have been scammed.

Hi, can i check with you on vesbolt listed on your signature, i believe it's a genuine platform since you're active in this thread and you dare to list it in your signature.
I did search thru the discussion on vesbolt in this thread before and read the FAQs in their website. So it's very simple thing, if i decide to invest in it, i just go thru the registration process online. Transfer the funds as per instruction then all set right?

1st. Register as our investor and upload documents for verification.
2nd. Let us know your preferred portfolio strategies and we shall advise on the brokers availability.
3rd. Open an account with the brokers base on our guideline.
4th. Deposit fund
5th. Select your preferred portfolio strategies on VESBOLT portal
6th. That's all. Your trading will be activate within 48 hours by our portfolio manager.

PM me if you need any further details.

HI DR FX/all

Can i know the reasons why you guys are calling SAMTRADE FX being a scam?

As i had see a article online from finance yahoo saying that SAMTRADE FX Obtains Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC) Licences to Strengthen Global Footprint.

The link is attached below


https://finance.yahoo.com/news/samtrade-fx-...-030500754.html

and

https://www.forexlive.com/Brokers/samtrade-fx-ltd

Check the article, PRNewswire. It's paid news.

SamTradeFX is not holding full license, but only representative license which can buy from white label provider.

https://www.myfxbook.com/members/ositek/fin888/6083397

Here you go, the beautiful unbelievable manipulated fake performance by SamTradeFX.

This post has been edited by terrytan: Mar 3 2021, 11:12 PM

AHH, no wonder. This is the reason why i find it weird when i try to search their reference number on the respective website .The FCA websites says that the they are No longer registered as an Appointed Representative Since 25/09/2020.

But however in the asic registers, i managed to find the SAMTRADE FX though. Abit confused about this.

https://connectonline.asic.gov.au/RegistryS...ate=84yhxn3ph_4

DId you see what license they register in ASIC ?

Name: SAMTRADE FX LTD.
ARBN: 633 239 022
Registration date: 3/05/2019
Status: Registered
Type: Foreign Company (Overseas)
Locality of registered office: DONCASTER VIC 3108
Regulator: Australian Securities & Investments Commission

Date
Document No.
Document type
Pages
Uncertified
CertifiedA copy of a document from the ASIC Register that has certified in writing to be a true copy.
22/06/2020 030939674
Notification of Cessation of Agency (404B)
4
$17.00 Select uncertified document
$36.00 Select certified document

Example of XM Markets ASIC License

Name: THE AFSL PTY LTD
ACN: 608 984 078
ABN: 67 608 984 078(External Link)
Registration date: 27/10/2015
Next review date: 27/10/2021
Former name(s): MODE AFSL PTY LTD
Status: Registered
Type: Australian Proprietary Company, Limited By Shares
Locality of registered office: FORTITUDE VALLEY QLD 4006
Regulator: Australian Securities & Investments Commission

There's a next review date, I can only assume that Samtrade no longer holds an asic license. Due to this " Notification of Cessation of Agency (404B)"

And also ASIC has stipulated all Forex brokers to hold a valid Australian Financial Services License (AFSL), which brings them directly under the ASIC regulation.

Somehow dont see samtrade under afsl unlike XM

This post has been edited by veiven: Mar 4 2021, 06:45 PM

Abit lost as i am relatively new to this, so does this mean that SAMTRADE FX is not a trustable forex broker?

It is on our SCAM FX list. Do you understand what's the list mean?

107. SamTradeFX

How about Top1markets?

Apparently with ASIC and VFSC licensed in Vanuatu?