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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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SUSyklooi
post Jul 21 2021, 12:16 PM

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QUOTE(gashout @ Jul 21 2021, 11:50 AM)
Is Octa fx recognized by BNM?

Some website says yes.
Here says no. I am confused.
*
mind sharing those links if you happens to come cross those websites that said so.....
notworthy.gif
gashout
post Jul 21 2021, 02:12 PM

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QUOTE(yklooi @ Jul 21 2021, 12:16 PM)
mind sharing those links if you happens to come cross those websites that said so.....
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*
For example,

https://www.benzinga.com/money/forex-malaysia/

https://www.forexbrokers.com/guides/malaysia


SUSyklooi
post Jul 21 2021, 02:49 PM

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QUOTE(gashout @ Jul 21 2021, 02:12 PM)
thanks for telling,
BUT
i would go for these
https://www.bnm.gov.my/web/financial-fraud-...-trading-scheme
https://forex-malaysia.my/is-forex-trading-...al-in-malaysia/


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gashout
post Jul 21 2021, 02:52 PM

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QUOTE(yklooi @ Jul 21 2021, 02:49 PM)
Yes, that'd be a better website. Thanks for sharing.


MUM
post Jul 21 2021, 03:02 PM

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QUOTE(gashout @ Jul 21 2021, 11:50 AM)
Is Octa fx recognized by BNM?

Some website says yes. Here says no. I am confused.
*
got this about OctaFx from this link

https://www.sc.com.my/regulation/enforcemen...stor-alert-list



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gashout
post Jul 21 2021, 03:19 PM

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QUOTE(MUM @ Jul 21 2021, 03:02 PM)
That's very helpful.

Thanks a lot.
TSDrFX
post Jul 21 2021, 03:57 PM

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QUOTE(greyPJ @ Jul 21 2021, 08:58 AM)
pls add drcfx to scam list
start active
*
Mind to provide us more information about this drcfx? Which broker are they trading with? Any myfxbook?
Equity
post Jul 21 2021, 03:59 PM

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QUOTE(gashout @ Jul 21 2021, 11:50 AM)
Is Octa fx recognized by BNM?

Some website says yes. Here says no. I am confused.
*
There are many better brokers. Why trade with an offshore broker?
greyPJ
post Jul 21 2021, 04:36 PM

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QUOTE(DrFX @ Jul 21 2021, 03:57 PM)
Mind to provide us more information about this drcfx? Which broker are they trading with? Any myfxbook?
*
friends start promote it, no idea about it. google says its a scam.
kenntan
post Jul 22 2021, 12:53 PM

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Hi, anyone heard about QV? Just had a bad experience with this so called broker ... but I hv checked in 1st page of genuine or scam broker company ,sadly no one mentioned of this company...I am doubt whether this broker is scam or not.
kenntan
post Jul 22 2021, 12:54 PM

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Hi, anyone heard about QV? Just had a bad experience with this so called broker ... but I hv checked in 1st page of genuine or scam broker company ,sadly no one mentioned of this company...I am doubt whether this broker is scam or not.
MUM
post Jul 22 2021, 12:57 PM

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QUOTE(kenntan @ Jul 22 2021, 12:54 PM)
Hi,  anyone heard about QV? Just had a bad experience with this so called broker ... but I hv checked in 1st page of genuine or scam broker company ,sadly no one mentioned of this company...I am doubt whether this broker is scam or not.
*
the name is just QV?
any link to their website?
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kenntan
post Jul 22 2021, 03:04 PM

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QUOTE(MUM @ Jul 22 2021, 12:57 PM)
the name is just QV?
any link to their website?
notworthy.gif
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It is Quantic Ventures
MUM
post Jul 22 2021, 03:10 PM

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QUOTE(kenntan @ Jul 22 2021, 03:04 PM)
It is Quantic Ventures
*
thumbup.gif ooohh, What a coincident....

got this from SCM site
https://www.sc.com.my/regulation/enforcemen...stor-alert-list



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viruz
post Jul 22 2021, 03:25 PM

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user posted image

wow, sure or not, Seychelle and NFA regulation?
kenntan
post Jul 22 2021, 03:39 PM

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QUOTE(MUM @ Jul 22 2021, 03:10 PM)
thumbup.gif ooohh, What a coincident....

got this from SCM site
https://www.sc.com.my/regulation/enforcemen...stor-alert-list
*
Thanks for the clarification notworthy.gif
Anyway , is it easy to find their local broker office? I heard is in Bangsar KL
Need to go up to their ofis to screw them up ranting.gif
MUM
post Jul 22 2021, 03:53 PM

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QUOTE(kenntan @ Jul 22 2021, 03:39 PM)
Thanks for the clarification  notworthy.gif
Anyway , is it easy to find their local broker office? I heard is in Bangsar KL
Need to go up to their ofis to screw them up ranting.gif
*
if the amount is NOT big,...may i suggest that you avoid going there to make noise....
if really have proof of heir wrong doing,...like written promises not met....then different story

else these kind of office could be "protected", thus those noise makers that create disturbances at the office,....
may at times can be subjected to "being" beaten up during "robberies" or incidents of car crash then got beaten up for failing to negotiate after accident

the above are just my "imaginations"....

btw, what were your "bad experience" with the so call broker as mentioned earlier?

Equity
post Jul 22 2021, 05:26 PM

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QUOTE(viruz @ Jul 22 2021, 03:25 PM)
user posted image

wow, sure or not, Seychelle and NFA regulation?
*
Dont think these scams has any NFA, they just love to register there but never get any approval. After register, they will get an ID on NFA site but not official approval.
dampshit
post Jul 23 2021, 03:12 PM

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Dearr DrFx And Terry Tan. I just make cleared off it I don't trust Trumph fx. My client keep promoting Triumph fx to me and having zoom private session for 1 on 1 later 3.30pm. Would you 2 pretend my friend and join in the zoom meeting and debate with the high level member? I really want to give them a solid debate that triumph fx is fake.

This post has been edited by dampshit: Jul 23 2021, 03:13 PM
MUM
post Jul 23 2021, 03:24 PM

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QUOTE(dampshit @ Jul 23 2021, 03:12 PM)
Dearr DrFx And Terry Tan.  I just make cleared off it I don't trust Trumph fx. My client keep promoting Triumph fx to me and having zoom private session for 1 on 1 later 3.30pm. Would you 2 pretend my friend and join in the zoom meeting and debate with the high level member? I really want to give them a solid debate that triumph fx is fake.
*
while waiting for the 2 SIFUS to response,....
i got this from the web.
https://www.sc.com.my/regulation/enforcemen...stor-alert-list


just a note,...i don't think it is a "FAKE", for they did not imitate any entity or use copy righted trademark...


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