FYI Beside Australia ASIC and Bahamas licenses, Pepperstone also hold UK FCA, Cyprus, Dubai, Germany and Kenya licenses.

Holding offshore licenses are mainly for leverage benefits.

Unlike those scam brokers like TriumphFX, bought Cyprus license as a VASE, but operated the ponzi scheme using offshore firm. Yet they keep selling their so called fake investment as Cyprus trader. Good brokers do not provide traders, it's conflict of interest. You never hear FXCM, Forex.com, Pepperstone, FXPro, IG or IC Markets are offering traders or investment.

Thanks for the information.

Accentforex is still doing the PAMM scams and still many people fall into their trap.

We cant help those greedy people. They have to learn their leason.

This site did a good job on TriumphFX SCAM write up.

https://behindmlm.com/companies/triumphfx-r...r-hermes-leong/



This post has been edited by DrFX: Sep 3 2021, 01:33 AM

Still many believe their data are true and keep on invest lo.... kesian... this company has been many years and still scamming people.

https://www.forexpeacearmy.com/forex-review...t-forex-brokers

They use PAMM manager method to scam, one trades and earn a lot.. then blew in one day...then the next new manager appears with good results... the circle keeps repeat...

This post has been edited by jack2: Sep 3 2021, 08:55 AM

Malaysian victims?

That's the consequences when the fund go to an offshore broker without top tier license.

Heard that VEXTRADER just game over and clients unable to login.

Now I am waiting for Triumph FX game over ~ they are getting super aggressive despite all the alert from security regulator. Now they even withdraw the only Vanuatu licensing.

This post has been edited by dampshit: Sep 3 2021, 07:09 PM

When they getting aggresive, you sense the end is coming soon.

Yes, they are super aggressive even as to the existing investors, I think they will keep topping up..

I do hope the end is coming soon because as the operation is still operating, many new investors will continue to tag along.

The main problem is not many of the investors would do the research after investing. Luckily for me to push the brakes after sensing the operation and the modus operandi of the investment is questionable.

When the pyramid is too big to pay, thus they must aggressively source for new victims.

It will collapse eventually once their payout amount > than incoming fund since there is no real trading behind.

The first collapsed is in 2015, follow by 2018, next one is around the corner.

This post has been edited by terrytan: Sep 4 2021, 12:19 AM

Hi Terry, just to check, what happened to TriumphFx in 2018? As I remember I have a friend who is investing since 2015 and he mentioned there was nothing happened in 2018. I'm a conservative person so I am not into this schemes. Just may if I could get more info for my friend so I can ask him to withdraw the funds as soon as possible.

Sorry my mistake. Not 2018. It's been many years. So my memory may not be right for which year. Your friend must be one of the pioneer scammers.

2015 - Hong Kong & Singapore cases
https://www.todayonline.com/singapore/six-c...lm-scheme-forex
https://www.financemagnates.com/binary-opti...nsed-operators/

They continued their scam activity with New Zealand FSP registration and got deregistered by NZ FSP after scammed a lot victims. All investors loss their money and they were told by the TriumphFX scammers that their funds were freezed by New Zealand government. I understand their fund were sent to offshore, not New Zealand. My friend parent was one of the victims.

After that, they obtained Vanuatu license and continue their scam journey with the same master account GM Trader. Around 2017-2018, there are a big group of investors funds where transferred to a Forex trader in TriumphFX and loss everything. One of the victims is my client.

Based on above all, i trust the victims selectively game over by group sales, any group that are not productive, they will plan to end it with excuses or losses.



This post has been edited by terrytan: Sep 4 2021, 11:36 PM

Post #4105 You may check on what I wrote on post #4105..

I am tagging this scheme as very dangerous and many red flags. I guess we might not want to risk our investments just like that..

Same. Got a friend also invested into this. I advised her only to use small play money. Maybe i should send her all the info here, but i think she will not accept it is scam since the claims made by the group has been around for 7-8 years blah.

I also went to one of the online seminar she invited me....so cringy. All these people with no credentials saying how lucky they are has join the TriumpFx..wah lau...and i ask my friend....is it you can get commission if introduce people? She said yes....LOL.

Anyway, i hope she don't dig further and dump more money into it.

Like what you advise your friend, only invest what is afford to lose because it seems to be that this is a time bomb..

Those around have for 7 to 8 years have earned back their money, your friend starts from zero to earn the full money back..

As the Vanuatu license have been terminated and the other licenses are registered under Triumph International (Cyprus) Limited, Triumph International Limited is totally not regulated now, even by worse tier license like Vanuatu..

Even when they say they are applying for Seychelles license, is it park under Triumph International (Cyprus) Limited or Triumph International Limited which is handling private managed funds still maintain as unregulated..

No doubt the scammer group has been around for 7-8 years but they scammed victims one after another. Yet still can use this beautiful lie to cheat innocent and greedy investors. Really strong syndicate leaders!

Introducing for commissions are quite normal, even public mutual fund or any insurance investment also come with commission. The main point is those scammers dare to introduce to earn commission by beautiful lies.

Triumph scam - the most active in 2015-2017 was the GM trader which traded in GOLD.

Just to update ~ they are increasing the minumum investment from 100 usd to 1000 usd. This mean that they need more large sum of investment from investor to sustain the earlier fund.

They are gambling on the outcome whereas there hope for increasing of new cashflow to sustain the Ponzi scheme or another way lose of new investors due to high minimum investment amount.

From all the sign I bet they are going to burst the Ponzi scheme really soon. Take care guys.

This post has been edited by dampshit: Sep 7 2021, 01:24 AM