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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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Equity
post Mar 11 2021, 07:38 PM

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QUOTE(Bagholder @ Mar 11 2021, 07:35 PM)
Im not with fin888, used to be, but due to recent changes for compliance with MAS we have move to another copy trader.

Sorry but to clarify, so its fin888 or SamtradeFX that is fake ?
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Both are fake. FIN888 is using SamTradeFX platform.
Bagholder P
post Mar 11 2021, 10:05 PM

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QUOTE(terrytan @ Mar 11 2021, 07:38 PM)
Both are fake. FIN888 is using SamTradeFX platform.
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Ok, i will be more careful with them.

Will you be able to recommend any other copy trader/brokerage that is safer and better regulated.

Or do you think that brokerages that provides copy trading are generally dubious ?
Equity
post Mar 11 2021, 10:09 PM

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QUOTE(Bagholder @ Mar 11 2021, 10:05 PM)
Ok, i will be more careful with them.

Will you be able to recommend any other copy trader/brokerage that is safer and better regulated.

Or do you think that brokerages that provides copy trading are generally dubious ?
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You can check out below. We do not work with just one broker, but up to 14 top regulated brokers.

Normally top regulated brokers do not offer copy trading. It's conflict of interest.

Are you looking to trade yourself or invest?
SUSxander83
post Mar 12 2021, 04:49 AM

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QUOTE(terrytan @ Mar 11 2021, 10:09 PM)
You can check out below. We do not work with just one broker, but up to 14 top regulated brokers.

Normally top regulated brokers do not offer copy trading. It's conflict of interest.

Are you looking to trade yourself or invest?
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I think you and DRFX should put up a thread which top 14 brokers to go to

Maybe tier ranking system whereby tier 1 is top 14 follow by regulated and tier 3 worse of the worst rclxms.gif
TSDrFX
post Mar 13 2021, 02:56 AM

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QUOTE(xander83 @ Mar 12 2021, 04:49 AM)
I think you and DRFX should put up a thread which top 14 brokers to go to

Maybe tier ranking system whereby tier 1 is top 14 follow by regulated and tier 3 worse of the worst  rclxms.gif
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Not a bad idea. However, there are plenty of brokers holding top tier licenses from UK, Canada, Swiss and Australia.

Avoid trading/investing with brokers from Cysec, Indonesia, offshores and unregulated.

This post has been edited by DrFX: Mar 13 2021, 02:57 AM
Poppychips P
post Mar 13 2021, 12:38 PM

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Has anyone experienced with capital.com this trading platform? Is there any problem with this platform?
https://capital.com
TSDrFX
post Mar 13 2021, 04:18 PM

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QUOTE(Poppychips @ Mar 13 2021, 12:38 PM)
Has anyone experienced with capital.com this trading platform? Is there any problem with this platform?
https://capital.com
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Added to Genuine Broker list. It's an UK FCA regulated broker.
LaMort88
post Mar 14 2021, 12:34 AM

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I remember someone has posted a picture on fin888’s trade, something like entry price outside the candle. I wanted to get that picture for my friend however I couldn’t find it. Can someone share it again?

Also, I would like to know other than the above finding, what information has been found showing fin888 is a scam? I’m not fin888 investor and never be interested on their scheme since started. Someone asked my friend to join so I’m thinking to show him some information just to make sure he’s safe.
Equity
post Mar 14 2021, 02:11 AM

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QUOTE(LaMort88 @ Mar 14 2021, 12:34 AM)
I remember someone has posted a picture on fin888’s trade, something like entry price outside the candle. I wanted to get that picture for my friend however I couldn’t find it. Can someone share it again?

Also, I would like to know other than the above finding, what information has been found showing fin888 is a scam? I’m not fin888 investor and never be interested on their scheme since started. Someone asked my friend to join so I’m thinking to show him some information just to make sure he’s safe.
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Hi LaMort88,

Somehow i think it's not right always asking for evident. But you can learn how to identify the scams FX from Myfxbook.

Scammers always try to maintain perfect fake records, so there will be more and more funds coming in from new victims.

This is FIN888.

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

Then check out the game over MIA - James Harrison.

https://www.myfxbook.com/members/MIA491/jam...arrison/2267699

See what's the similarity. Learn this and you will identify SCAM FX easily. Nonetheless, FX license is always the priority in checking a Forex firm.

This is a great example. Perfect records, super low drawdown, super high monthly returns and you wont see any equity line(yellow) on the chart which mean trades always open and close at the same time.

Get used to it, mate. MIA, Gold Tinkle, IGOFX, TriumphFX, SamTradeFX, VexTrader, etc all using the same method to scam.

This post has been edited by terrytan: Mar 14 2021, 02:18 AM
LaMort88
post Mar 14 2021, 03:49 PM

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QUOTE(terrytan @ Mar 14 2021, 02:11 AM)
Hi LaMort88,

Somehow i think it's not right always asking for evident. But you can learn how to identify the scams FX from Myfxbook.

Scammers always try to maintain perfect fake records, so there will be more and more funds coming in from new victims.

This is FIN888.

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

Then check out the game over MIA - James Harrison.

https://www.myfxbook.com/members/MIA491/jam...arrison/2267699

See what's the similarity. Learn this and you will identify SCAM FX easily. Nonetheless, FX license is always the priority in checking a Forex firm.

This is a great example. Perfect records, super low drawdown, super high monthly returns and you wont see any equity line(yellow) on the chart which mean trades always open and close at the same time.

Get used to it, mate. MIA, Gold Tinkle, IGOFX, TriumphFX, SamTradeFX, VexTrader, etc all using the same method to scam.
*
Thanks a lot Terry, I would definitely take a look on the information that you have provided.
LaMort88
post Mar 14 2021, 03:53 PM

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QUOTE(terrytan @ Mar 14 2021, 02:11 AM)
Hi LaMort88,

Somehow i think it's not right always asking for evident. But you can learn how to identify the scams FX from Myfxbook.

Scammers always try to maintain perfect fake records, so there will be more and more funds coming in from new victims.

This is FIN888.

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

Then check out the game over MIA - James Harrison.

https://www.myfxbook.com/members/MIA491/jam...arrison/2267699

See what's the similarity. Learn this and you will identify SCAM FX easily. Nonetheless, FX license is always the priority in checking a Forex firm.

This is a great example. Perfect records, super low drawdown, super high monthly returns and you wont see any equity line(yellow) on the chart which mean trades always open and close at the same time.

Get used to it, mate. MIA, Gold Tinkle, IGOFX, TriumphFX, SamTradeFX, VexTrader, etc all using the same method to scam.
*
By the way Terry, no equity line showing means most probably it’s scam? So if someone posted myfxbook with equity line showing means it’s real?

This post has been edited by LaMort88: Mar 14 2021, 11:51 PM
Equity
post Mar 14 2021, 04:29 PM

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QUOTE(LaMort88 @ Mar 14 2021, 03:53 PM)
By the way Terry, no equity line showing means most properly it’s scam? So if someone posted myfxbook with equity line showing means it’s real?
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Nonetheless, FX license is always the priority in checking a Forex firm as mentioned above.
ExCrIpT
post Mar 15 2021, 10:26 PM

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hi all, im new to trading and im been told to register an account on this website but i am unable to find any information about this broker
www.portalrealm.co

does it look fake to you?
Equity
post Mar 16 2021, 12:50 AM

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QUOTE(ExCrIpT @ Mar 15 2021, 10:26 PM)
hi all, im new to trading and im been told to register an account on this website but i am unable to find any information about this broker
www.portalrealm.co

does it look fake to you?
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Most likely fake. No license details on the site.
SUSxander83
post Mar 19 2021, 08:44 AM

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Anyone whose on TDX?

TDX Markets LLC First Floor, First St. Vincent Bank Ltd. Building, James Street, Kingston, St. Vincent and the Grenadines, is incorporated under registered number 131 LLC 2019 by the Registrar of the Limited Liability Companies, registered by the Financial Services Authority of St Vincent and Grenadines.
Equity
post Mar 19 2021, 06:06 PM

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QUOTE(xander83 @ Mar 19 2021, 08:44 AM)
Anyone whose on TDX?

TDX Markets LLC First Floor, First St. Vincent Bank Ltd. Building, James Street, Kingston, St. Vincent and the Grenadines, is incorporated under registered number 131 LLC 2019 by the Registrar of the Limited Liability Companies, registered by the Financial Services Authority of St Vincent and Grenadines.
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It's an offshore broker. Better stay away.
SUSxander83
post Mar 19 2021, 08:51 PM

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QUOTE(terrytan @ Mar 19 2021, 06:06 PM)
It's an offshore broker. Better stay away.
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I think you and Drfx should open a thread on the difference between licensed, off-shore and unregulated brokers as I realised a lot of people doesn’t seem to understand the distinct differences between them

Appreciate the advise both of you given to many and help many steer away from the bad apples notworthy.gif
Equity
post Mar 19 2021, 09:32 PM

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QUOTE(xander83 @ Mar 19 2021, 08:51 PM)
I think you and Drfx should open a thread on the difference between licensed, off-shore and unregulated brokers as I realised a lot of people doesn’t seem to understand the distinct differences between them

Appreciate the advise both of you given to many and help many steer away from the bad apples  notworthy.gif
*
It will be easier if we stick to the genuine broker list of DrFX. Any brokers not listed there, then stay away.
desmond29
post Mar 22 2021, 10:39 AM

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Is TriumphFX legitimate trader ?
TSDrFX
post Mar 22 2021, 03:33 PM

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QUOTE(desmond29 @ Mar 22 2021, 10:39 AM)
Is TriumphFX legitimate trader ?
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We have repeated many times. TriumphFX is a FX SCAM. Stay away!

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