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 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

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wlchong79
post Feb 20 2017, 10:35 AM

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many ppl say is scam..but non is losing their money
jack2
post Feb 20 2017, 11:39 AM

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QUOTE(wlchong79 @ Feb 20 2017, 10:35 AM)
many ppl say is scam..but non is losing their money
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Dont want till they cabut then only you said they are scammed!
ctan6611
post Feb 20 2017, 12:17 PM

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QUOTE(jack2 @ Feb 20 2017, 09:34 AM)
igofx

USDJPY  2017-02-15 14:17:40  114.88  2017-02-15 14:27:51  114.75  1.99
GBPUSD  2017-02-14 12:02:31  1.2463  2017-02-14 12:16:29  1.2483  2.13
EURJPY  2017-02-09 12:04:19  120.03  2017-02-09 12:15:15  120.13  0.49
GBPUSD  2017-02-07 13:16:44  1.2368  2017-02-07 13:28:30  1.2355  0.68

Anyone can go and check the prices!

Time = GMT0
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If I am not mistaken IGOFX only post the trades after the trades has closed, so even though the price is accurate it doesn't mean that the trades are real trades. Unless any of the investor able to see their opened trades. And most of their trades last for few minutes only, might be difficult to catch it unless someone keep on looking at the screen and keep refresh every minute.


jack2
post Feb 20 2017, 12:19 PM

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QUOTE(ctan6611 @ Feb 20 2017, 12:17 PM)
If I am not mistaken IGOFX only post the trades after the trades has closed, so even though the price is accurate it doesn't mean that the trades are real trades.  Unless any of the investor able to see their opened trades.  And most of their trades last for few minutes only, might be difficult to catch it unless someone keep on looking at the screen and keep refresh every minute.
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No. As soon as the trades are opened and you refresh the page, you would be able to read the open trades. You can check and compare the open and close prices.. You will see something.
greenpips
post Feb 20 2017, 12:26 PM

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If someone is able to communicate with the Vladislav trader and convince him to use other well known and regulated broker, I am willing to challenge him that he won't be able to be profitable.

Think wisely why such a good trader would use unknown and unregulated broker on copy trade? Secondly, the copytrade is not publicity to all visitors but only to members who have accounts.

If normal visitors visit igofx and they wouldn't know about this. In conclusion, they get well known from members to members. Think again why they don't want it to be open view that igofx has copytrade service?
Leong801
post Feb 20 2017, 05:48 PM

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QUOTE(AIYH @ Feb 20 2017, 08:45 AM)
has anyone tried xtrade and roboforex?
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Xtrade i'm trade b4 ,its not a scam...im have withdraw money from Xtrade b4


Attached thumbnail(s)
Attached Image
Alissa_1989
post Feb 20 2017, 06:17 PM

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QUOTE(Leong801 @ Feb 20 2017, 05:48 PM)
Xtrade i'm trade b4 ,its not a scam...im have withdraw money from Xtrade b4
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Money Withdrawal is the right of investor suppose to have, not the way to verify scam.
jack2
post Feb 20 2017, 07:00 PM

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QUOTE(Alissa_1989 @ Feb 20 2017, 06:17 PM)
Money Withdrawal is the right of investor suppose to have, not the way to verify scam.
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well said
AIYH
post Feb 21 2017, 07:46 AM

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QUOTE(greenpips @ Feb 20 2017, 09:09 AM)
xtrade is scam.
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can share more about it? thanks smile.gif

p/s : seems like no one is using roboforex tongue.gif
greenpips
post Feb 21 2017, 08:34 AM

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QUOTE(AIYH @ Feb 21 2017, 07:46 AM)
can share more about it? thanks smile.gif

p/s : seems like no one is using roboforex tongue.gif
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A weird thing that many people like to trade with unknown or not popular brokers.

Read all the reviews
http://www.forexpeacearmy.com/forex-review.../www.xtrade.com

Xtrade is Xforex - was a big scam broker that was actively advertising in facebook.
greenpips
post Feb 21 2017, 09:18 AM

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Let discuss another broker from Indonesia - Sentratama Investor

user posted image

Check on the latest trade AUDCHF and how they wanna XXX investors.

Conclusion = Buy and sell at very low/high price in which the price is not exist or non-market price

This post has been edited by greenpips: Feb 21 2017, 09:19 AM
wlchong79
post Feb 21 2017, 09:20 AM

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QUOTE(greenpips @ Feb 21 2017, 08:34 AM)
A weird thing that many people like to trade with unknown or not popular brokers.

Read all the reviews
http://www.forexpeacearmy.com/forex-review.../www.xtrade.com

Xtrade is Xforex - was a big scam broker that was actively advertising in facebook.
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can i copy yr trade? hehe
greenpips
post Feb 21 2017, 09:26 AM

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QUOTE(wlchong79 @ Feb 21 2017, 09:20 AM)
can i copy yr trade? hehe
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If you can press copy via there. rclxms.gif
Gravity
post Feb 21 2017, 04:06 PM

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hi TS, can i know whether HotForex is genuine? i understand you mentioned it's from st vincent, but it appears that the review for this broker looks pretty ok. And they offer a lot of PAMM services.

This post has been edited by Gravity: Feb 21 2017, 04:07 PM
troller2
post Feb 21 2017, 07:26 PM

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QUOTE(Leong801 @ Feb 20 2017, 05:48 PM)
Xtrade i'm trade b4 ,its not a scam...im have withdraw money from Xtrade b4
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with that amount in your account you can withdraw as much as you want. they don't care about you.
but if you are winning big you will see their true color.
Alissa_1989
post Feb 21 2017, 09:06 PM

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QUOTE(greenpips @ Feb 21 2017, 09:18 AM)
Let discuss another broker from Indonesia - Sentratama Investor

user posted image

Check on the latest trade AUDCHF and how they wanna XXX investors.

Conclusion = Buy and sell at very low/high price in which the price is not exist or non-market price
*
Can you explain more ? if I not mistake, black circle is the open price of the trade and red circle is the current bid price .
greenpips
post Feb 21 2017, 09:42 PM

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QUOTE(Alissa_1989 @ Feb 21 2017, 09:06 PM)
Can you explain more ? if I not mistake, black circle is the open price of the trade and red circle is the current bid price .
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Ignore the colours of the circles.

The instrument was long at 0.7688 (ask price) at 1559 time but the high and low prices at that 1 min chart were 0.7689 / 0.7687. These prices are bid price (every one knows it).

The spreads for this AUDCHF instrument is 5 pips.

The lowest at that 1 min was 0.7687 (bid price). This is long trade and thus, the ask price should 7687 + 5 pips = 0.7692.

How could the trade was able to long at 0.7688? Think for it.

It is the same for the closed price.

Check out other brokers for this pair at the times. It is magic thumbup.gif
jack2
post Feb 21 2017, 11:21 PM

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QUOTE(greenpips @ Feb 21 2017, 09:18 AM)
Let discuss another broker from Indonesia - Sentratama Investor

user posted image

Check on the latest trade AUDCHF and how they wanna XXX investors.

Conclusion = Buy and sell at very low/high price in which the price is not exist or non-market price
*
QUOTE(greenpips @ Feb 21 2017, 09:42 PM)
Ignore the colours of the circles.

The instrument was long at 0.7688 (ask price) at 1559 time but the high and low prices at that 1 min chart were 0.7689 / 0.7687. These prices are bid price (every one knows it).

The spreads for this AUDCHF instrument is 5 pips.

The lowest at that 1 min was 0.7687 (bid price). This is long trade and thus, the ask price should 7687 + 5 pips = 0.7692.

How could the trade was able to long at 0.7688? Think for it.

It is the same for the closed price.

Check out other brokers for this pair at the times. It is magic  thumbup.gif
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"Many" use this way to "cheax" investors including iXoXX
TSDrFX
post Feb 21 2017, 11:42 PM

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QUOTE(Gravity @ Feb 21 2017, 04:06 PM)
hi TS, can i know whether HotForex is genuine? i understand you mentioned it's from st vincent, but it appears that the review for this broker looks pretty ok. And they offer a lot of PAMM services.
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Hotforex is not ok. It's a cheap offshore broker with no investor protection. The reviews can be from themselves.
SUShighlowyat
post Feb 21 2017, 11:54 PM

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i dont recommend broker with PAMM service. its a conflict of interest

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