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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 Jul 30 2021, 10:18 PM

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QUOTE(mewleen @ Jul 30 2021, 10:12 PM)
Hi, any sifu here can recommend a good broker for XAUUSD ?
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Hi mewleen,

You may try Axi http://www.axi.com/int/live-account?promocode=871263 20% deposit bonus
or TradeMax https://portal.tmgm.com/register?node=MzM0MjI=&language=en 10% deposit bonus.

Both has very low spreads for XAUUSD.
Equity
post Aug 4 2021, 12:21 AM

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QUOTE(Reader2008 @ Aug 3 2021, 10:04 AM)
Hi, the trader is using that platform. In order to invest in him, we have to use this platform.
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Do you have their trader performance records or myfxbook? Easier to check.

This post has been edited by terrytan: Aug 4 2021, 12:43 AM
Equity
post Aug 4 2021, 12:44 AM

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QUOTE(DanialR @ Aug 4 2021, 12:20 AM)
Any thoughts on AiProFX and YunikonFX ?My friend ajak I invest & will get 8%-15% profit a month using their robot. So any thoughts or advice would be great.Thanks in advance!
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Very new name, never heard of.
Equity
post Aug 4 2021, 07:11 PM

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QUOTE(smartinvestor01 @ Aug 4 2021, 06:40 PM)
DrFX and Terry Tan, any good brokers with PAMM system with segregated account to recommend?

Thank you in advance.
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Are you looking to setup a PAMM account or invest? PM easier.
Equity
post Aug 6 2021, 12:09 AM

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QUOTE(Reader2008 @ Aug 5 2021, 02:17 PM)
How about I provide their MT4 to you?

1) ID : 650092                                        Pass : xcmi888                                  Server : cjcmarkets-Real

2) ID :600019                                        Password : xsystem111                      Server : cjcmarkets-real
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It seems real to me. Since CJCMarkets hold proper licenses and there is no too good to be true returns, it is a proper broker to me except this
https://www.fma.govt.nz/news-and-resources/...ketsglobal-biz/
Equity
post Aug 6 2021, 12:10 AM

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QUOTE(terrytan @ Aug 6 2021, 12:09 AM)
It seems real to me. Since CJCMarkets hold proper licenses and there is no too good to be true returns, it is a proper broker to me except this
https://www.fma.govt.nz/news-and-resources/...ketsglobal-biz/
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As for performance wise, i cant comment due to short history.
Equity
post Aug 17 2021, 01:58 AM

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QUOTE(eugene84chan @ Aug 16 2021, 10:01 PM)
china scammer aka "kill pig scam" but operate in malaysia.
total lose $500, ask me to pay 30% tax to withdraw the balance.
and their MT5 can adjust the price let you win with tips.

www.smartcontractslimited.com
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It's an unregulated FX broker, the name is very scammy.
Equity
post Aug 20 2021, 03:35 PM

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QUOTE(Coraltree @ Aug 19 2021, 07:01 PM)
Hi Mr Terry,

May I PM you with the same question about investing in PAMM ? Newbie here... thank you for your time  biggrin.gif
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Feel Free to PM.
Equity
post Aug 23 2021, 08:48 PM

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QUOTE(Reader2008 @ Aug 23 2021, 02:10 PM)
Hi, is Pacific Union Broker a legit, safe broker? https://www.puprime.com/
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It's an offshore broker. Not safe. What do they offer?
Equity
post Aug 23 2021, 08:51 PM

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QUOTE(danielisme @ Aug 23 2021, 09:09 AM)
Anyone heard about CFG football investment plateform ?
is legit or ponzi investment ?
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Sounds like a ponzi scheme. If the returns are too good to be true, then yes it is a ponzi scheme.
Equity
post Aug 24 2021, 09:25 PM

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QUOTE(eugene84chan @ Aug 24 2021, 04:00 PM)
They claim their biz regulate by FINTRAC but after I read some posting here obviously FINTRAC is not a license.
Luckily find out early so not big lose.
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thumbsup.gif
FINTRAC is not Canada financial regulator, Canada regulator is IIROC.
Equity
post Aug 25 2021, 04:29 PM

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QUOTE(danielisme @ Aug 25 2021, 08:29 AM)
ya.. the marketing persons mostly from FDX .
they now build another plateform to cheat ppl
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Oh really? What's the name of the new scam platform?

FX SCAM never ending. Similar to money game owners, they will keep coming up with new platform after one down.
Equity
post Aug 25 2021, 04:30 PM

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QUOTE(smartinvestor01 @ Aug 25 2021, 12:06 PM)
I would like to share some of the findings about TriumphFX and I am just giving this information to supplement to some of you because some of you might have invested in TriumphFX aggressively.

I did some of the research of this company because I previously did invested but I pulled out everything because despite trying, I think I should not be bound to the explanation by the person who referred to me, but I also need to know what are the risks I am facing.

Triumph International (Cyprus) Limited and Triumph International Limited are totally different entity whereby the one being promoted for the retail or managed funds is under Triumph International Limited. Triumph International (Cyprus) Limited is regulated, not the Triumph International Limited which offers the managed funds, but usually the promoting of the funds was to use Cyprus presentation slides as it is more convincing.

Therefore, your brokerage risks in investing in Cyprus and the other one is totally different. Although Vanuatu being a very non-strict financial regulator issuing the fraud list have made me concern. Pairing with the Singapore latest post that TriumphFX have been flagged by MAS, Singapore. Another reg flag was the news about Indonesia banning TriumphFX was something to note about.

Under the trading implication, the funds managers might be trading using the regulated platform under Cyprus but the retail investors through the managed funds is under the Triumph Int. Limited, so my belief and worries happen to be on the protection of the investment if the funds is invested in Triumph Int. Limited. Apparently, funds managers trading in the regulated platform will export the figures into the so-called MT4 trading platform for the investors to have a look on the performance. But the issue is how secure it is for us as investors to continue investing under the non-secured company.

I know many did say that they have being receiving their interest payment and some have withdraw their money without issues but I also came to realize that there are complaints also posted in the comments in some forums about the withdrawal issues. As now is the pandemic moment, I think for a money loss would not be as easy as previous years to earn back and I am posting this because I think some of the investors should know what they are investing.

I believe the main upline would mentioned that the transaction in MT4 cannot be show to every investor because investor would copy it so the trades would have a 4 hours delay so that the investors cannot copytrade. Apparently they mentioned that the system changed because of this and last time investors can see live trade. But I am quite worried when I did see some post mentioning that the movement in the Triumph International Limited and Triumph International (Cyprus) is not similar. I am not sure if the MT4 can be made transparent to investors in showing live trade and change passwords to allow investors to only view the trades after 4 hours, but I think this is certainly not the tool I would like to risk on.

Sorry for posting such a long post but this is just my sharing.

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Nice sharing smartinvestor01!
Equity
post Aug 27 2021, 08:27 PM

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QUOTE(danielisme @ Aug 27 2021, 09:40 AM)
izzit all genuine broker  , investor have to trade by ourself ?
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Not necessary. There are many money managers are using genuine brokers MAM/PAMM if you do not want to trade yourself.
Equity
post Aug 27 2021, 11:12 PM

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QUOTE(Cruxs @ Aug 27 2021, 08:51 PM)
I didnt say octafx scam me. But its on scammer list. Its like this. They suddenly increase the equity & open more slot even already many red slot(-ve float). Just like once in a week. usd100 equity suddenly become 300usd. Then after the closed all the opened slot, they make the profit to be usd100 again. If u just let it then u will mc. Few times happen and its got a pattern. Not coincidence. Its just a trap for new investor with low equity. Even its said min investment usd25 suddenly u need 300usd to save urself. And sometimes when u want to deposit more equity it will take a very long time. They also use weird name depositor acc.
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Avoid trading with any offshore brokers. They can do anything they like without any law enforcement.

This post has been edited by terrytan: Aug 27 2021, 11:12 PM
Equity
post Aug 30 2021, 03:40 PM

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QUOTE(kelvin8810 @ Aug 30 2021, 03:35 PM)
anyone know if mexico-forex.com is legit broker?
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Dont think so. Was warned by my system about the web site contained dangerous malware.
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post Aug 30 2021, 03:53 PM

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QUOTE(kelvin8810 @ Aug 30 2021, 03:52 PM)
is there any method i can check further?
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Why do you need to use an unknown broker? There are many popular and good brokers.

This post has been edited by terrytan: Aug 30 2021, 03:53 PM
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post Sep 3 2021, 03:29 PM

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QUOTE(jack2 @ Sep 3 2021, 08:53 AM)
Still many believe their data are true and keep on invest lo.... kesian... this company has been many years and still scamming people.

https://www.forexpeacearmy.com/forex-review...t-forex-brokers

They use PAMM manager method to scam, one trades and earn a lot.. then blew in one day...then the next new manager appears with good results... the circle keeps repeat...
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Malaysian victims?

That's the consequences when the fund go to an offshore broker without top tier license.
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post Sep 3 2021, 04:10 PM

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QUOTE(terrytan @ Sep 3 2021, 03:29 PM)
Malaysian victims?

That's the consequences when the fund go to an offshore broker without top tier license.
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Heard that VEXTRADER just game over and clients unable to login.


Equity
post Sep 3 2021, 07:33 PM

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QUOTE(dampshit @ Sep 3 2021, 07:08 PM)
Now I am waiting for Triumph FX game over ~ they are getting super aggressive despite all the alert from security regulator. Now they even withdraw the only Vanuatu licensing.
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When they getting aggresive, you sense the end is coming soon.

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