Welcome to the elite members club of this thread. Your DD helped many innocent investors.

Is xm broker legit? Cant find in the list

try post 916, page 46
and importantly also post 939, page 47

XM is a legit broker, but not a good broker.

Not good in term of?

It's a market maker that hunt small accounts. Many slippages complains.

May I know why is fxprimus listed as scam broker?

It’s a nasty broker. Traders experienced bad slippages way beyond market price.

What really happened to Libronic in VantageFX is that they were having big drarwdown and yet they continue with their sales to bring in more capital, at the end Vantage decided to stop doing business with them.

Yes. What I meant is even investment program using genuine broker also can't be trusted because their trade are hidden.

They only show balance, deposit and withdrawal. U can't see the trade and floating loss.

Investors must learn to do your own due diligence before invest. Check the performances before invest. Not by words or mouth.

Doesn't bank have brokerage services? I am a newb. I just use DBS Vickers (by DBS Bank Singapore).

My understanding is Singapore bank offer lower leverage and non MT4/MT5 platform.

If your trading does not required high leverage, then should be fine.

Hello Guys, What about https://justforex.com/

DrFX, is Labuan FSA regulated considered toilet paper or tissue paper or 1st class regulated?

Hi SKL,

Labuan FSA is tier 3 license, better than toilet and tissue paper but still a paper.

It’s getting popular among FX Scams.

Malaysia Boleh!

Yeah, I heard UTS (Janis Urste) is trying to colaborate with a broker that has Labuan FSA license.
They are going market their schemes not just with "LHDN" stamp but Labuan license as well....

What do you think about that?

Janis Urste is just an actor hired by Indonesian SCAM broker!

They can have the license but fund may still go to offshore or somewhere unknown. Labuan leverage is limited to 1:100. UW Global is Labuan regulated and owned by the Indonesian SCAM broker Sentratama!

I see....got it. Thanks for the feedback. Yes, UW Global is the name I've forgotten. But I'm curious how UTS managed to get LHDN stamp. Is it so easy to obtain?

You can get stamping for any kind of agreements for very cheap price. Just like your rental agreement.

HOWEVER, it did not represent anything. No law enforcement, no guaranteed, nothing. It's just a trick to make some newbies think they are real and genuine.

We dont need that in genuine FX. LOL

This post has been edited by terrytan: Oct 14 2021, 10:59 PM