I would like to share some of the findings about TriumphFX and I am just giving this information to supplement to some of you because some of you might have invested in TriumphFX aggressively.

I did some of the research of this company because I previously did invested but I pulled out everything because despite trying, I think I should not be bound to the explanation by the person who referred to me, but I also need to know what are the risks I am facing.

Triumph International (Cyprus) Limited and Triumph International Limited are totally different entity whereby the one being promoted for the retail or managed funds is under Triumph International Limited. Triumph International (Cyprus) Limited is regulated, not the Triumph International Limited which offers the managed funds, but usually the promoting of the funds was to use Cyprus presentation slides as it is more convincing.

Therefore, your brokerage risks in investing in Cyprus and the other one is totally different. Although Vanuatu being a very non-strict financial regulator issuing the fraud list have made me concern. Pairing with the Singapore latest post that TriumphFX have been flagged by MAS, Singapore. Another reg flag was the news about Indonesia banning TriumphFX was something to note about.

Under the trading implication, the funds managers might be trading using the regulated platform under Cyprus but the retail investors through the managed funds is under the Triumph Int. Limited, so my belief and worries happen to be on the protection of the investment if the funds is invested in Triumph Int. Limited. Apparently, funds managers trading in the regulated platform will export the figures into the so-called MT4 trading platform for the investors to have a look on the performance. But the issue is how secure it is for us as investors to continue investing under the non-secured company.

I know many did say that they have being receiving their interest payment and some have withdraw their money without issues but I also came to realize that there are complaints also posted in the comments in some forums about the withdrawal issues. As now is the pandemic moment, I think for a money loss would not be as easy as previous years to earn back and I am posting this because I think some of the investors should know what they are investing.

I believe the main upline would mentioned that the transaction in MT4 cannot be show to every investor because investor would copy it so the trades would have a 4 hours delay so that the investors cannot copytrade. Apparently they mentioned that the system changed because of this and last time investors can see live trade. But I am quite worried when I did see some post mentioning that the movement in the Triumph International Limited and Triumph International (Cyprus) is not similar. I am not sure if the MT4 can be made transparent to investors in showing live trade and change passwords to allow investors to only view the trades after 4 hours, but I think this is certainly not the tool I would like to risk on.

Sorry for posting such a long post but this is just my sharing.

Oh really? What's the name of the new scam platform?

FX SCAM never ending. Similar to money game owners, they will keep coming up with new platform after one down.

Nice sharing smartinvestor01!

https://www.youtube.com/watch?v=WnuDXknHN2U

If you understand mandarin, then this is a good video that explains the past and present of forex scams

The regulator has added 10 companies operating without SC’s licence or authorisation under its Investor Alert which are Axia Capital Malaysia, Massive E-Trade, Assets Harvest, Bigboys Academy Sdn Bhd, Ultra Saham (Mohamad Firdaus bin Abdul Rahim),Golden Trading, Samtrade FX,Classic 33 Trading, Al-Fazal / Al-Fazal Finance and Potential Clone Entity-TA Investment.


https://themalaysianreserve.com/2021/08/25/...inancial-firms/

I also make a report to Canadian Anti-Fraud Centre. https://www.antifraudcentre-centreantifraud...a/index-eng.htm
hopefully they will do something on the scammer's business registration.

Anyone know about this platform? https://www.tmgm.com/en

Dont forget to file a report on this FX SCAM too.

https://vextrader.com/vextrader-regulation/

This is TradeMax. It's on our Genuine broker list.

izzit all genuine broker , investor have to trade by ourself ?

I file the report is based on my personal experience on smart contract group scam.

Not necessary. There are many money managers are using genuine brokers MAM/PAMM if you do not want to trade yourself.

I didnt say octafx scam me. But its on scammer list. Its like this. They suddenly increase the equity & open more slot even already many red slot(-ve float). Just like once in a week. usd100 equity suddenly become 300usd. Then after the closed all the opened slot, they make the profit to be usd100 again. If u just let it then u will mc. Few times happen and its got a pattern. Not coincidence. Its just a trap for new investor with low equity. Even its said min investment usd25 suddenly u need 300usd to save urself. And sometimes when u want to deposit more equity it will take a very long time. They also use weird name depositor acc.

Avoid trading with any offshore brokers. They can do anything they like without any law enforcement.

This post has been edited by terrytan: Aug 27 2021, 11:12 PM

Its my 1st lesson for me and its not cheap

anyone know if mexico-forex.com is legit broker?

Dont think so. Was warned by my system about the web site contained dangerous malware.

is there any method i can check further?

Why do you need to use an unknown broker? There are many popular and good brokers.

This post has been edited by terrytan: Aug 30 2021, 03:53 PM

Hi,

Pepperstone Group Ltd ("PGL") is licensed & regulated by ASIC (ACN 147 055 703 | AFSL No.414530);
Pepperstone Markets Ltd ("PML") is licensed & regulated by The Securities Commission of Bahamas (SIA-F217).

Questions:
1) Any idea if both PGL & PML are legally related , e.g. is PML a subsidiary of PGL etc.??

2) I see that "Pepperstone" is listed as a GENUINE FX Broker on your list, and I believe this was originally referring to PGL only, before PML was established/promoted to retail traders since March 2021 due to new (stricter) ruling imposed on ASIC-regulated FX brokers like PGL.
So, would you consider PML as a "genuine broker" too, since it's considered an "offshore broker" now??

3) If PGL is regulated by ASIC, does this make PML a genuine (i.e. non-scamming) broker too? If so, on what basis?

Appreciate clarifications/feedback on this subject.