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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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TSDrFX
post Jan 3 2017, 11:02 PM

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QUOTE(rachel9966 @ Jan 3 2017, 12:31 PM)
to xpmm,

your post is just showing how little you know about forex.

the words you use also disgraceful as this is not kopitiam.

if you want to argue, show that you are an experienced trader.

cmk96 asked DrFX who being scammed by Igofx... but no answer so far.

everything is just assumptions.

1: Unreal trading results - There is no real trading behind which those trades are suppose to process on a liquidity provider/banks. In short, they are showing investors impressive fake trading results. MT4 is a front end platform which the trades are editable from date to price. Without proper regulation, you know what they are capable of. (cmk96 said he trade manual, he not saying thos PAMM Vladislav result)

2: Holding a Vanuatu license - Recently this license has been a very popular tool for scammers due to low requirements. You can get it within USD10k and approval within a month. So basically anyone can get a Vanuatu license. And there is no protection for investors or traders. (no protection doesn't make it a scam right away)

3: Additional to 1, we have checked and confirmed their trades are not real time which similar to what TriumpFX has done. If you need evidence, then we suggest you to do it yourself. (Drfx still refers to those PAMM Vladislav result, not individual private traders like CMK96)

4: Get the traders/managers to trade with a top tier regulated brokers, any brokers will be fine. They will give you plenty of funny excuses like "We don't trade with other broker", "We don't want to let other brokers know our trading secret.", etc. (cmk96 is not fund manager)

5: Ask yourself, what make you think it is real? The license? The MT4 platform? (not relevant, cmk96 can withdraw)
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Let us get straight into point.

YOU ARE RIGHT, NO ONE BEING SCAMMED NOW, but DOESNT MEAN IT IS NOT A SCAM. NOT YET. COULD BE THIS YEAR OR NEXT. ONCE THE SCAMMER DECIDED TO PULL THE PLUG, THAT'S IT. We will not wait until they stop paying, then only announce it is a scam. By the time it stop paying, it is too late, many innocent investors have loss their money to the scammers.

You can think it is based on assumptions but we judged base on facts and data. Please leave your testimonial once IGOFX stop paying later this year. If you can't take it, we are completely fine. We have nothing to lose, remember! We are not being PAY by those genuine FX brokers for doing this.

3 years ago MAXIM paying well and agents selling as guaranteed returns, what happened last year?
2 years ago FX United giving high profits returns, what happened now?
We heard JJPTR stop paying recently. Can someone confirm? It's sooner than expected. Let see when is going to be IGOFX turn.




TSDrFX
post Jan 3 2017, 11:04 PM

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QUOTE(rachel9966 @ Jan 3 2017, 10:56 PM)
DrFx... why do you like to call forumers here young and new? i oso a forex trader... making 5 figures a mth... ringgit la..  laugh.gif
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We don't call but many forumers can read your posts. That's the feel you presented yourself.
That's good, we hope it's not the money from introducing investors to IGOFX.
TSDrFX
post Jan 3 2017, 11:08 PM

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QUOTE(cmk96 @ Jan 3 2017, 10:59 PM)
Client info are highly confidential...ok.

How about your company info? is that confidential too?

PM me those info... maybe your contact is useful in the future.
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We do not reveal our identity just like majority of the forumers. We expect many attacks and hates from scammers. We always stay neutral in counter scams and we are not here for business but to share our knowledge and experiences in order to benefit new investors/traders.

We are sorry if our posts does not benefit you.
TSDrFX
post Jan 3 2017, 11:17 PM

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QUOTE(rachel9966 @ Jan 3 2017, 11:09 PM)
Feeling is subjective... some forumers hv been around more than 5 years... some less than 5 mths... that's the fact i can see on your avatar.

You claimed you been around forex industry for 10 yrs... setting up brokers... sound great... but you never reveal your company or client info.

Seems like you are not a trader after all.
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Is that important?

We trade for living.
TSDrFX
post Jan 3 2017, 11:33 PM

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QUOTE(cmk96 @ Jan 3 2017, 11:27 PM)
I trade on my own. You need to get the facts right.

There are many pool funds...money games... whatever you call it... that promised fixed return every mth.

I trade myself... no fixed return.  rclxm9.gif

Your advice is targeted towards investors in those fixed return products... Not me.

you don't ask me about Maxim, Fx United...JJPTR... i'm hv nothing to do with them.
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I am not asking you cmk96. I am showing you the samples that agents insist their program/broker is not a scam but still end up a big scam. Just like IGOFX now. bruce.gif
TSDrFX
post Jan 3 2017, 11:53 PM

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QUOTE(cmk96 @ Jan 3 2017, 11:35 PM)
Since i trade on Igofx... you will be the first to know if any of my withdrawals fails in the future. Until then... bye bye.  cool2.gif
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We believe their major scam activity is on the too good to be true investment.

They will continue pay for manual traders, just like TriumphFX.
TSDrFX
post Jan 4 2017, 12:04 AM

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QUOTE(ctan6611 @ Jan 3 2017, 11:48 PM)
I am fully agreed with DrFx. Please be very be careful on Igofx and should avoid it at all cost.

I have a friend introduce to me and I tried it out, fund the account and invest in small first to test out. It was in good profit and I tried to test on their fund withdrwal. Unfortunately I still not receive the money yet since Dec 15th fund withdrawal request using bank wire transfer., the amount is usd400. I have tried many ways to contact them but no response.  Email no respond, phone call no answer, online chat always said forwarded my issue to respective department.

My friend who introduce to me said they have no issue if using local depositor rather than bank wire transfer.  I wanted to use bank wire transfer mainly to reduce the in/out exchange rate that charge by using local depositor which is 4.30 out and 4.6 in because I plan to invest larger amount if everything looks good on Igofx.

DrFx, do you have any advice on what can I do to get back my money?

Thanks
Ctan6611
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We are sorry to hear that, ctan6611.

You may seek for your friend who introduced you to help you, we assume your friend has earned some commission from your account. If he/she can't, bring your friend together to the nearest Police Station to file a report. In real FX, there is no such thing called local depositor unless it is well regulated party.

Make things ugly and show the scammer what you are capable of. For the time being, they may force to pay you for the sake of shut you up.


TSDrFX
post Jan 5 2017, 02:33 PM

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QUOTE(ctan6611 @ Jan 4 2017, 09:14 PM)
Hi DrFx, may I know which platform is trusted and have copy trading similar to Igofx?

Thanks
Ctan6611
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Hi Ctan6611,

You can try zulutrade, fxstat, myfxbook, etc that offering copy trades through various well regulated brokers.

IGOFX is not a copy trade platform, it's using PAMM/MAM system that usually apply on managed accounts.
TSDrFX
post Jan 5 2017, 02:37 PM

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QUOTE(xdeathz @ Jan 4 2017, 12:39 PM)
I got no issue so far with igofx. All withdrawal done within 24hrs. Not trying to promote igofx but just to share my experience with igofx since a lot of ppl here are asking bout it. I can't prove wherever it's legit or not but at least I got no issue with it for the past six months
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As mentioned, not yet, it's just the matter of time it stop paying. Scam or not is not justify by payments. Nice payment is to lure more innocent investors. This is common tactic of scams.
TSDrFX
post Jan 5 2017, 02:44 PM

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QUOTE(TradeForLife1994 @ Jan 4 2017, 04:10 PM)
Just my two cents.. Even big brokers have the possibility of not paying..... Look at it from another POV, to obtain certain regulations you need to fulfill certain requirements and pay a sum of money.. This can be a way to boost the company's "image" to the masses.

My personal belief is not to keep too much money in one broker and also please make constant withdrawal from time to time. IGOFX is still paying regardless of PAMM service or manual trading.
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Hi TradeForLife,

We would like to know which big brokers stop paying? It helps a lot.

We understand Alpari UK default in 2015 and traders managed to get back their funds through capital protection. Although it took some time for auditors to complete the book, it's still safer than SCAM brokers that without proper regulations and may run away investors money whenever they want.
TSDrFX
post Jan 5 2017, 03:02 PM

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QUOTE(cmk96 @ Jan 4 2017, 11:26 AM)
You again.... i remembered your post was deleted by MOD in the forex tread... coz u just a member since Nov 2016... u start flaming other forumers.

Where do you see i took commission from broker? I give you USD1000 if you can prove what you just said.

Since when i say i am an IB for Igofx? Can you explain where the 183k profit came from? True traders will know profit can only come from trading. Not commission or credits...all those BS.

you are creating so much negative karma for yourself.
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You are not IB of IGOFX, but perhaps the agent of IGOFX where you gain spread/commission rebate from the fake trades. Even though those profits are not real, IGOFX still pay agents attractive rebates, so they will continue market and bring in more innocent investors for the scammer.

This post has been edited by DrFX: Jan 5 2017, 03:03 PM
TSDrFX
post Jan 5 2017, 03:32 PM

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QUOTE(TradeForLife1994 @ Jan 5 2017, 03:10 PM)
Hmm... If I'm not wrong. The traders failed to get back 100% of their capital and only got back a portion after a huge delay..
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It's standard procedure when a broker/bank default. It take times for auditors to check the book. Smaller traders got back 100%, only bigger accounts got back around 80% of their balance. Remember capital protection for UK FCA is cap at 75k pound.

Is that better than a scam broker disappeared over the night?

By the way, you did not answer our question which big broker did not pay. Please advise. Thank you.

This post has been edited by DrFX: Jan 5 2017, 03:33 PM
TSDrFX
post Jan 5 2017, 03:51 PM

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QUOTE(TaintedSoul @ Jan 4 2017, 01:32 AM)
why are the IGOFX traders so sensitive? DrFX is doing a good deed and tryna warn u guys about this group might be a potential scam...just take note and be thankful even though there are no withrawal fails yet...

DrFx could sit back and do nothing..yet he choose to warn those who are in IGOFX..be thankful la..

ego kills
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Thank you, TaintedSoul.

We can understand the enthusiasm of IGOFX marketers when they received lucrative commission which virtually money from their investors since no real trades behind.
TSDrFX
post Jan 5 2017, 04:38 PM

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QUOTE(Time Walker @ Jan 5 2017, 04:19 PM)
Hi, is hot forex safe?
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Hotforex is a St. Vincent and the Grenadines offshore unregulated FX broker.

You have much better options available. Thank you.

This post has been edited by DrFX: Jan 5 2017, 04:38 PM
TSDrFX
post Jan 5 2017, 04:46 PM

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QUOTE(cmk96 @ Jan 5 2017, 04:40 PM)
Perhaps?

Perhaps you are agents from other broker who like to see your opponent business go down.

You guess me. I can guess u too.
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My last advise to you, don't lose yourself.


TSDrFX
post Jan 5 2017, 05:25 PM

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QUOTE(Time Walker @ Jan 5 2017, 05:19 PM)
so isnt safe or what?
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Yes, it's not safe and there is no protection for traders/investors.
TSDrFX
post Jan 5 2017, 05:28 PM

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QUOTE(cmk96 @ Jan 5 2017, 04:50 PM)
Thanks... don't play guessing games... it's childish.
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It's not a guess for us. The way you answers and posts, it defined that you are part of IGOFX.
TSDrFX
post Jan 8 2017, 03:53 PM

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QUOTE(cmk96 @ Jan 5 2017, 06:58 PM)
Its the way you hide your company's name and client which suggest you are not who you claimed to be.

"We have the experiences in FX and Quant trading for over 10 years, we also experienced in setup some small brokers, obtaining financial licenses, structure hedge funds, providing FX bridge/aggregator for MT4 brokers and connecting to liquidity providers or prime brokerage."

We are not interested to run as a FX broker. As for which broker we ddid set up for, clients info are strictly confidential. Thank you.
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It doesn't make a different even if you know who we are. We are not interested to know you too.

We will continue post the lists as usual.
TSDrFX
post Jan 8 2017, 03:57 PM

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QUOTE(rachel9966 @ Jan 5 2017, 10:41 PM)
Seems like you are not neutral after all. You just use your guts feeling to judge a person. Without any proves given.  wink.gif
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You have the right not the trust our judgement, but do come back post your testimonial after IGOFX stop paying.

You will understand the neutral after all.
TSDrFX
post Jan 8 2017, 04:00 PM

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QUOTE(hideto79 @ Jan 8 2017, 01:56 PM)
1. Our proprietary tool able to keep track all the trades LIVE and proven not all trades are opened at real time pricing.

what sort of tool you using? would like to have one to track on my own too.

Thanks
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A proprietary tool mean it's a system for in house use.

Alternatively, you can ask the scammer to trade with top regulated brokers. Normally they won't and will give you all sort of funny excuses.

This post has been edited by DrFX: Jan 8 2017, 04:06 PM

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