LOL WTF im still considering to be your member now i think no way, i invest in may platform some is good some is bad samtrade i have account blow up with some copytraders some im making good income which is why im here to seek answer. but u guys just simply taruk me say im scammers etc etc truly unacceptable

I wonder why the oldies here are so overly sensitive ? ask a bit scammers, proof a bit u support them, talk more im one of them

Truly WTF man you guys are totally crazy.

U dont know me please dont simply accuse me i told u that ijust want to know more and find out the reason and u just get mad when i post links here. wtf i have no issue with you but u just gone mad for dont know what reason. your BTC crashing down isit

U can pm me to meet up to know if im thier supporter no need to accuse here and there without any proof.

IDIOT !

How To Check Is the Forex Broker Genuine   Or Scam

What sort of trader would not like the assistance of a broker that he can rely on? Most new traders struggle to find a genuine forex broker who is transparent and provides a great forex trading experience. There are several reasons for this, but one of the major reasons is the mindset of the traders themselves. As most new traders are lured into the forex game through a fake forex broker as an easy way to make money, they have a wrong image about the forex market and hence do not know how to get long term success. Most of us know that forex is one of the most volatile markets in the world, and due to its floating nature, the prices of the currencies cannot be predicted. But the question of how to identify weather a forex broker is genuine or not depends on several factors. You can also check the various internet websites like forexstars and other to get reviews about the various forex brokers. Here are some ways how you can check the authenticity of a forex broker.
MAKE SURE THE FOREX BROKER IS WELL REGULATED
Only trade or invest with top tier licensed brokers/banks who are under tier 1 and 2 licenses for highest protection. For example, in the event of a Swiss broker/bank bankruptcy, traders and investors are given up to CHF100k capital protection.

Tier 1 licenses under: US NFA, UK FCA, SWISS FINMA, JAPAN FSA, SINGAPORE MAS.
Tier 2 licenses under: European financial regulators (except Cysec), Australia ASIC, Canada IIROC.
AVOID UNREGULATED BROKERS OR OFFSHORE REGULATED BROKERS (Vanuatu, Seychelles, St. Vincent, Belize, Indonesia etc)

Traders and investors can check with their corresponding regulatory agencies that check the credibility of the forex brokers. They include the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) in the United States, Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the United Kingdom, Australian Securities and Investment Commission (ASIC), Swiss Federal Banking Commission (SFBC) and FINMA, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN) in Germany and Autorité des Marchés Financiers (AMF) in France.
Analyze the Website
We all know that in this age of peerless internet technology, coming across fake content is totally possible and one must first check the website first for a clear picture of the reviews. Some websites are meant not for the viewers but an organization’s attempt at getting more affiliates. In such cases you have to judge for yourself whether the reviews are real or are posted through automated software to get more viewers.

Check the Comment Box
Some sites are highly moderated along with the viewer’s comments that appear on the website due to the fear of spam. If a website allows regular users to comment on their posts that is a great sign of openness. But if your comment doesn’t appear immediately on the website and is stuck in the moderation phase forever, you certainly do not want to waste a lot of time reading your reviews on such a website. Several times unanswered comment boxes also indicate the website’s poor activity.

Only Promote Genuine Reviews
There are several websites that post a review and also refer the viewer to a broker’s website as several broker’s pay the sites to promote themselves. While there is nothing wrong in referrals, the viewers must also use their full discretion when it comes to judging whether the reviews are genuine or not. Try to avoid websites that also provide a referral link in a review that also redirects the user to the broker’s webpage.

Transparency Is A Must
The best way to know whether your forex broker is a fake one or not, is to look for his list of clients. While several fake brokers might tell you that it is against the law to disclose such information, the reality is the total opposite and no genuine broker would be afraid to share the list of his clients. Genuine brokers use their network of traders more as their work portfolio and you can always judge the authenticity of a broker through the profiles of the various clients and traders that he deals with. More transparency in a broker’s activities will instill more faith in the clients.

Look At How The Broker Works
While this would be like judging a book from its cover, forex brokers can be judged based on how they deal with their clients. If the forex broker holds each client’s funds in a segregated account approved by the traders, then it is quiet likely that you’re working with a genuine broker. Make sure that the broker has a valid proof of operating under a government regulation.

Check the Broker’s Portfolio
After you have checked how the broker works and the long list of his client’s, you still need to see if the clients are earning regular profits or not. Doing a short background check on how the various traders are performing with a particular broker is one of the best ways to know a broker’s authenticity. Forex is a highly fluctuating market and to ensure profits one requires having a really keen eye and a really honest forex broker.

Forex trading is a risky business and requires a lot of experience and skills, to earn profits over a long term period. Hence it is highly important that the new traders must check the genuineness of a broker to experience a non-stressful forex trading environment.

Indication of SCAMs:
1. FIX RETURN (SCAM)
2. Unregulated or offshore regulated brokers (Potential SCAM)
3. Lucrative upfront commission (SCAM)
4. No live report/statement access (Potential SCAM)
5. Fix exchange rate for deposit and withdrawal (SCAM)
6. Cash payment or local deposit (SCAM) unless through regulated payment gateway.
7. Lock up period (Potential SCAM)
8. Hold good license but fund being transfer to different country or offshore bank
9. High monthly return with illogical low drawdown
10. Capital guaranteed


Any FX companies matched at least 2 of above indications, it is a potential SCAM. If matched 3 of the above indications, then it is definitely a SCAM!

__________________________________________________________________________

List of Genuine Forex Brokers
1. Forex.com (Gain Capital)
2. IG
3. Pepperstone
4. Axi
5. Interactive Brokers
6. FXCM
7. ICM.com
8. LMAX
9. TradeMax
10. FXPro
11. Saxobank
12. IC Markets
13. Dukascopy
14. Oanda
15. FXTRADING.com
16. Infinox
17. ATCBrokers
18. City Index (Gain Capital)
19. Varianse
20. LCG
21. AIMS
22. Swissquote Bank
23. ThinkMarkets
24. Markets.com
25. Flowbank
26. Bloomberg
27. Tickmill
28. FXDD
29. Exness
30. eToro
31. Plus500
32. Admiral Markets
33. Global Prime
34. FXTM
35. BlueberryMarkets
36. FXOpen
37. Trade.com
38. ADS Securities
39. EasyForex
40. ACY Securities
41. Synergy FX
42. Halifax Investment Services
43. Capital.com
44. AAAFX
45. HY Markets
46. ActivTrades
47. EightCap
48. MaxFX
49. Advanced Markets
50. AKFX
51. Tigerwit
52. GBE Brokers
53. Rakuten Securities
54. GKFX
55. Go Markets
56. Vantage FX
57. Royal RFXT
58. Mex Exchange
59. CMS Forex
60. Amana Capital
61. ATFX
62. equiti
63. FP Markets
64. GMI
65. Aetos

_____________________________________________________________________________

List of SCAM Forex Firms/Brokers !ALERT!

1. LiteForex
2. GSM Financial Group
3. RCFX
4. Maxim Trader
5. ODFX
6. GM Trader (TriumphFX)
7. WFX
8. Eu Trading Group EUTG (NewTradeFX)
9. IBS
10. FXUnited
11. YouTradeFX (EUTG)
12. UFXMarkets
13. GVF
14. TP Eagles
15. Efzinitus
16. IGOFX
17. Vortex Assets and VFX Premium (Eu Trading Group)
18. KBFX
19. JJPTR
20. SFX Markets
21. FXMAC
22. Nordhill Capital
23. Otex World
24. ikoFX
25. FXcoliseum
26. FXCitizen
27. Capital Foster Advisor
28. IIB International Broker
29. PTFX
30. Falconaire
31. HotForex
32. Xtrade
33. iiinvestments
34. Exia International Group
35. MYS CAPITAL (SFX Markets)
36. Zurich Prime
37. VenusFX
38. WMS Capital
39. MXC Forex
40. ECM
41. Sentratama Investor Future
42. Midasama (Pruton Capital)
43. FG GLOBAL ENRICH (White Label of Fullerton Markets)
44. FCMIS
45. ODIN Management (odincapital.com)
46. BlueMax Capital
47. Questra
48. Atlantic Global Asset Management
49. FXPrimus
50. OctaFX
51. AccentForex
52. Financial.org
53. OTM Capital
54. MG Falconer (TP Eagle)
55. Starexfx
56. FintechFX (MIA)
57. SuperForex
58. Algotechs
59. Bealgo
60. FiFx Global
61. UTS (Sentratama)
62. Blue Trading
63. Midtou Financials
64. OTM Capital (Midtou)
65. MX Capital (Scrptx Portfolio)
66. EssenceFX
67. Tradesto
68. GCG Asia
69. Gold Tinkle - Genesis Business Group
70. WikiFX (fxeye.com)
71. TradeFred - BrightFX Capital Limited (MIA)
72. ICS Resources Sdn. Bhd.
73. OlympusFX
74. AIP
75. Ocean Bliss Investments (oceanicblissfx)
76. IronFX
77. Veonco Group
78. ECM Trader (ECM Group)
79. CK Ltd.
80. Daweda (Midasama)
81. HiiFX
82. HKdahui
83. Trilasia.com
84. Stone Lion Financial
85. Throne Legacy Capital 腾乐
86. Fullerton Markets
87. NARTT
88. Oribix
89. Awe SwissFX
90. CTIN (MDCFOREX)
91. MAXWISE Union (Sentratama)
92. TrealFX
93. 360coinpath
94. Jadesan Capital Investments (JCI)
95. Orion Star Capital
96. Maxi Services
97. Mahamudra (MMDFX)
98. Forex Chief
99. ATA Markets
100. Juze Investment
101. CP Markets (CooperMarkets.com)
102. FDX Capital (fdxcap.com)
103. Vextrader
104. Arotrade
105. MFM Group
106. Starling Gold Asset Management HK
107. SamTradeFX
108. Victory Trade International (VTFX)
109. Zentrade (NET89)
110. MaxGlobalFX (NET89)
111. Global Premier (NET89)
112. iAL Group
113. EOB Corporation (TriumphFX)
114. GFS Asia (Janis Urste)
115. Grex Capital
116. Trivial Capital (Grex)
117. Raffles Market FX
118. GST HUB
119. Sky Markets
120. Unison Corporation



List of Genuine CRYPTOS
1. Bitcoin
2. Bitcoin Cash
3. Ripple
4. Ethereum
5. Litecoin
6. Dash
7. Neo
8. EOS
9. Qtum
10. Ontology
11.
12.
13.
14.
15.
List of Suspicious CRYPTO Companies (SCAM!)

1. OneCoin
2. WoToken
3. S Block
4. Plus Token
5. Sixmos
6. Emas Fintech
7. Crypto Grand Trade FX
8.
9.
10.

In case you have invested or trading with any of the scam brokers above, try your very best to withdraw your money back ASAP. If you can't take out your money, file a report or complaint to your local regulator. In most cases, it does not help as scam brokers do not hold any licenses and end up regulators unable to trace them.

Feel free to share your experiences with any other brokers and allow us to add on to above lists.

Based on all the information we provided, i hope it helps new FX investors or traders to differentiate and identify real/scam FX.

We welcome everyone who required due diligence or advise to check the genuineness of a FX brokers. After all, it's FOC.

Moderator, please do not move this topic to join with general Forex spread as it will served as a WARNING to those new to Forex. Thank you.

No one is crazy, it's just you are living in your own fantasy world think you are right and others who know better are wrong which in fact you are completely wrong.

This is the pattern of budak nakal.

You are feel free to go and invest all your money in SamTradeFX if you think we are not helping.

We only help those who appreciate our advise and we have helped many SCAM FX victims.

In case you have invested or trading with any of the scam brokers above, try your very best to withdraw your money back ASAP. If you can't take out your money, file a report or complaint to your local regulator. In most cases, it does not help as scam brokers do not hold any licenses and end up regulators unable to trace them.

Feel free to share your experiences with any other brokers and allow us to add on to above lists.

Based on all the information we provided, i hope it helps new FX investors or traders to differentiate and identify real/scam FX.

We welcome everyone who required due diligence or advise to check the genuineness of a FX brokers. After all, it's FOC. icon_question.gif

Moderator, please do not move this topic to join with general Forex spread as it will served as a WARNING to those new to Forex. Thank you.

This post has been edited by DrFX: May 8 2021, 03:24 PM
keong_boy and FX182838 liked this post
FEEK FREE TO SHARE EEXPERIENCE

Now i can say i dont have any good experience with this thread its so unbelievable. all i see is once people talk something different , show proof show your profit and if possible show your bird too.

When i ask them show proof people is scammer they get mad accusing im one of them, hello why not show some proof they are scammers correct ?

now use budah nakal, hello !!!! im investor and im concern thats why i come to ask lah idiot why u get so mad for what reason ? if u not willing to tell just dont reply no need to accuse me on anything of u are an agent from thier competitor ? u professional trader plus professional accuser ? today no market u gone hairwired isit crazy fella

If you learn the common tactic of FX SCAMs, you will be able to identify and prevent yourself from being scammed.

Not everyone look for proof, even you put the proof on the table, they will still challenge you. Like i said, it's your own money. Take it or leave it. After all, these information are FOC.

Yes

thanks and no thanks this thread is only open for yes man , when u say otherwise wow the attack is like israel attacking palestine fukin crazy

Every elite members here are contributing to this thread by providing all kind of FX SCAMS information. Hoping to help more innocent investors to avoid these scams.

BUT Today you are standing on the FX SCAM side and accuse DRFX misjudgement. Do you think this is right?

Please dont involve any sensitive religion war here. Wrong topic.

Using money game phrase is misleading for Malaysian. It means pyramid or ponzi scheme.

It's a money market or capital market, not money game.

Hi waghyu,

I am impressed that you make everyone think that you are the only trader managed to withdraw weekly and everyone else are loser.

Dont think you should use money game to describe FX. Money game to us is ponzi scheme or pyramid scheme. No?

the performance chart below is before performance fees, after deduct not much left but yes better than FD rate well it has to be better than FD becasue it involve risk

Thanks for your feedback.

I think net profit of 35% after deduct performance fee in 2020 has quite a big different with FD rate 2%.

Its 2 different products. FD is always good for those non risk taker.

from beginning i already said samtrade license is not 1st tier it raise a red flag i agree but i ask why isit a scammer dr FX become mad and start accusing me WTF sohai this guy no market or you loss a lot BTC  ? may u keep on losing big time with your sakai attitude

BTW i said im new only 6 years young in FX  and im still an infant crawling

BTW when crypto a few years back they are being accuse of everything u name it, kindly tell me what DR FX see crypto is today ?

The answer to your question is simple.

No self-respecting broker will want to be regulated by shit jurisdictions like BVI, Vanuatu, Saint Vincent and the Grenadines and the likes. Let alone Samtrade FX isn't even regulated under ANY regulator.

And no, Canada's regulator isn't FINTRAC. It's IIROC. That's a big red flag of a scam broker due to their behavior in misleading potential customers into believing they are regulated in Canada.

Even with Oanda recently got regulated under BVI is due to complaints from irresponsible traders/gamblers/not real traders about leverage being too low. They don't have a choice but to move customers under MAS to BVI. But they are regulated under every top tier jurisdictions so no issue of being a questionable broker.

The reason you're with them, and I am only speculating here, is due to either for their copytrading as you don't know how to trade yourself or you're an IB shilling around here.

No self-respecting trader a.k.a. real trader that knows how to trade themselves will use such brokers.

If you're really just an ordinary account holder, I suggest you think again about staying with them and learn how to trade yourself and stop using copytrading, trading isn't really that hard actually. Nothing might be happening for now, and we don't know when shit will hit the fan. But no happy ending will ever come from using these brokers.

Heed if you want to heed. If you choose to ignore all our advice here, I wish you good luck.