What news broo ? can you share it here ?

GCG Asia now targeting Indonesian People,

They make press conference in Jakarta

https://foto.bisnis.com/view/20190429/91685...si-ke-indonesia

https://youtu.be/76lAcAVPLBk

Let's see if Indonesian regulator (OJK, BAPPEBTI) give them licenses to operates officially in Indonesia...

Warning alert from Bank Of China HongKong:

https://www.bochk.com/dam/bochk/desktop/top..._Release_EN.pdf

And their defenses are :

We are not incoporate with boc , we just buy bank draft from them
We just buy bankdraft with bank
We are not incorporate or having any agreement with boc
We can buy with otter bank as wel
We can buy from BCA , Icbc, maybank or any other bank
Bankdraft is the facility from bank , anyone can buy as long you have enough money
People lost focus saying we are incorporate with boc
Bank are sensitive

They forgot that in their website state that they work with


Well it is just words play ...

Well till now Indonesia regulator OJK and BAPPEBTI still not approve them ... just like MIA-FintechFX .. they told people that they are "TRYING" to get legal license to operates in Indonesia .. and THAT'S IT ... no more FOLLOW UP after the ceremony / announcement ..

btw which "Indonesian Goverment" mentioned in the news why don't they disclose their names?

https://www.khmertimeskh.com/50605384/fraud...ions-shuttered/

According to the senior police official of the National Police Commission, the police arrested the two Malaysians, a man identified as Dato Sri Dr. Darrem Yaw and a woman reported to be his wife team at their office in Daun Penh district and that the police has brought them for further questioning.

To fool people lah ....
but MIA-FintechFX is more stupid than GCG,
because MIA-Fintech buy license for "securities investment company" not "forex broker"

GCG buy forex broker license ..
but ASIC will not interfere with GCG Scamming Acts...
because GCG use Different Name with the one registered in ASIC for their MT4 Server

Here what permission that fintechfx has for (with sample real company that use that kind of license)

Hmm .. i think fxbreaker give wrong AFSL number for morningstar ...

MORNINGSTAR AFSL number = 240892

just check directly at https://connectonline.asic.gov.au/RegistryS...lRegisters.jspx

the licenses are similar with FintechFx (not forex license):

This licence authorises the licensee to carry on a
financial services business to:
(a) provide general financial product advice for the
following classes of financial products:
(i) deposit and payment products limited to:
(A) basic deposit products;
(B) deposit products other than basic deposit
products;
(ii) derivatives;
(iii) debentures, stocks or bonds issued or proposed
to be issued by a government;
(iv) interests in managed investment schemes
including:
(A) investor directed portfolio services;
(v) retirement savings accounts ("RSA") products
(within the meaning of the Retirement Savings
Account Act 1997);
(vi) securities; and
(vii) superannuation;
to retail and wholesale clients.

MIA discussion was already quite comprehensive in the past ... you can read old posting .. start from :

https://forum.lowyat.net/index.php?showtopi...&#entry90041885

And for FAKE Trading, you can skip read from:

https://forum.lowyat.net/index.php?showtopi...post&p=90119725

Thats right ... same tricks ... ODIN also get AFSL license but NOT FOREX BROKER
but if you search right now in AFSL, ODIN license already transfered to other company ..
why ??? because NO ONE USE this broker anymore ... because only MIA Member "trade" in this broker in the past.

If JH is REAL .. why don't him open PAMM on REAL REGULATED FAMOUS BROKER???

This post has been edited by mukidi: May 28 2019, 11:59 AM

Nopeee .. there is no ODIN CAPITAL FOREX BROKER that was used by MIA in the past .... http://www.odincapitalmanagement.com/ no longer ODIN CAPITAL Forex Broker

Why Not? MIA+JH (if real) as PAMM Manager and customer deposit directly on that broker .... profit will be shared automatically

e.g : https://pepperstone.com/uk/trading-platforms/mam-pamm

Haha .. so you are panic because lot of your customer go to GCG right ?

So you try hard to defend MIA - FintechFX ... even in this forum a lot of evidence that MIA - FintechFX is Scamming People

This post has been edited by mukidi: May 28 2019, 02:26 PM

Actually It's okay if you join a lot of money games .. as long you don't try to convince other to believe that the game is REAL TRADE ..

I also have friends that join many game like this, they join MIA-FintechFx, GCG Asia, even some Copy Trade by unknown offshore broker that even do not have registration and licenses

But they already aware that these game are not REAL Investment / Trade, and the money used are only some "pocket money" for them,
so even if ALL of the game are Game Over, they will not go bankrupt / become homeless / poor.

Some people already addicted to money games / HYIP , they try to join as earliest as possible and get out from the game after they got some profit before become scam.

well .. right now on fintechfx web only describe " collaborative with Seyvice Service Pty Ltd, an Australian Company licensed provide General advice in FX and Derivatives, "

so .. for now .. it's doesn't matter if seyvice is legit or not .. because they only provide "General Advice" service ... maybe like trading signal

All forex transaction on fintechfx still under My Group Fintech Co Pty Ltd (registration number 24375 IBC 2017) duly incorporated in Saint Vincent and The Grenadines,

Off course it's different HF is real Forex Broker,
and many traders already use it, despite of maybe any issues just like normal forex broker (slippage, requote, etc)

even HF have REAL FCA (UK) License ..
https://www.hotforex.com/sv/en/about-us/reg...nvironment.html
https://register.fca.org.uk/ShPo_FirmDetail...0X0000482gD2QAI

so it's up to you where regulation you want to open your account, FCA is safest (because customer money is MUST insured, but leverage is small ) while SV is most loose regulation with high leverage.

so HF is legit forex broker .... not like MIA-FintechFX .. just ask is there anyone trade in this broker but not MIA member?

This post has been edited by mukidi: May 29 2019, 02:06 PM

Legit broker means that the broker have legal licenses to run forex transaction. FintechFX doesn't have this

Legit broker doesn't always a good broker,

and safe or not it's depend on what regulation you choose ...

Of course it's possible that trade on FCA regulated server is passed to market but trade on cysec/bellize/sv server is not, because 3rd tier regulator usually not strict

e.g.
I will choose FCA for safest option ... also my max leverage will only 1:30
but if I want to trade "gambling lot" I will choose Cysec because I can trade more lots.
And IF the broker go bankrupt ... customer that open on FCA will got their money back easier than Cysec regulated account.

another example is LCG, they have FCA and Cysec options when you open your account ...

so ..what do you think about MIA now ??

from growth 873% become -51% from starting balance

So MIA - FintechFX use option "a" OR "b" to go scam

any MIA member can show us the last trading history ? what lot and position ? because to empty the pocket, you need BIG lot ..

This post has been edited by mukidi: Jun 4 2019, 12:43 PM

Maybe they already thinking about this as a joke when they start planning this scam ...
M.I.A ... trader cannot be located ...

do your friend join GCG using bank loan money??

So ..how long they have been operating ? any complaint for losing money?