the company name registered with CGSE is "Mahamudra Company Limited"", you are "investing" with a company with slightly different name Mahamudra Group Limited.

HK company search has 2 different record
CR no 2873461 - Mahamudra Group Limited
CR no 2338521 - Mahamudra Company Limited

You are not investing with company accredited by CGSE, so there is only fake trading. the reason people invest because they lost their judgement and rationality after promised of getting high return, thats why scam always work, carried away by your own greed.

This post has been edited by kuladruw: May 19 2020, 12:05 PM

IronFx https://www.youtube.com/watch?v=NwZvV4hNc2g

what is their UK FCA license number?

indonesia well known for taking bribe to acquire license, BAPPEBTI license is not reliable


if dont have regulator license from UK/AUS or other, most likely scam

if dont have regulator license from UK/AUS or other reputable country, most likely scam

you may ask them where to deposit money first, if directly to their company name, it could be scam, as their license is only valid for managing/trading client's account, investor only should deposit money under brokerage company, not representative. nowadays fx broker already offer pamm & plenty of manager can trade for you

No, they didnt renew their license

only in Labuan island. central bank only give forex license to bank, not for retail client

scam. real brokerage seldom accept deposit via crypto, real trading usually deposit using credit/debit card or bank wire and directly under brokerage company name only. you may refer forexpeacearmy forum, where lots of scam victim usually lured by tinder/dating apps/facebook/etc saying your "lover" made a lot of money and ask you "invest" & deposit money to unknown receiver

This post has been edited by kuladruw: Jul 2 2020, 06:40 PM

just checked their license is valid
avoid axitrader, they are somehow related with scam before

forex market is different, nothing do to with malaysia. broker based in UK, US, JP, Swiss is the closest you can get.
those major currency directly provided by central bank/retail in these region. unless you wanna trade exotics pairs, maybe different story

use Singapore broker then, http://www.utrade.com.sg/ but dont know about the margin requirement and T&C

where are they based? and do they have financial license number?

Axitrader related with "Financial Commission" & Finacom Management ltd scam

their asic license is valid, but if youre outside australia and they put you under St. Vincent, there are no protection for the deposit fund at all. so its entirely up to you. and once central bank find out they have an office in bangsar, they will put under illegal scheme, just like etoro due to operating without license inside malaysia

it doesnt matter what is your entry strategy, there is only 2 outcome, win or lose.
outcome 1 - if your strategy is trade the ranging market, it will make money when market range, it will lose when market trend
outcome 2 - if your strategy is trade the trend market, it will make money when market trend, it will lose when market range

you still ended up need to choose when is the right time for suitable entry strategy. there is no get rich quick in forex, most of the people under capitalized and may win big once in a while when risking a lot, (if they are in the right outcome), consecutive loss will lose back all the previous profit, or all capital gone(margin call). you may have small consistent win, but eventually getting tired of small gain, decided risk big once in a while, later might lose a lot too. hope you get the idea of this game before being overconfident

they use LIMESTONE FX PTY LTD, which is a representative license only/Introducing broker. related with BAILEYHENRY CAPITAL GROUP PTY LTD. if depositing money to middle agent(limestone), there are operating in grey area, chances of fake trading may occur & highly risky

This post has been edited by kuladruw: Jul 7 2020, 03:23 PM

the only regulated crypto is futures & options trading
Intercontinental Exchange (ICE) - Bakkt Bitcoin (USD)
Chicago Mercantile Exchange (CME) - CME CF Bitcoin & CME CF Ether-Dollar

if you are using crypto to crypto trading, there are no regulation. crypto is created by individual programmer, its not issued by government or any authority. there are many cases rogue hacker create crypto but did not have full disclosure about the code, so they can manipulate the supply and demand. its like selling you fake gold, but investor think its same as real gold

are you able to contact the fund manager or related person directly? if yes, ask them use the following broker which has already pamm, there are ppl will invest on them as long as they had good result. otherwise asking investor to use broker in third world country has high chances of fake trading, indonesia also well known with broker company claiming theyre "hacked" and all investor money gone
https://forum.lowyat.net/index.php?showtopic=4942424&hl=

if dont have myfxbook, could be scam. it just takes few minute register at myfxbook and link the account

anyone ever complain at CySec? their details below

from the company fillings, can see they changed their officer frequently. on 2018 & 2019, probably got report about the scam, company just switch the high management staff to end the blame and restart the scam?