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 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

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Equity
post Apr 19 2022, 10:24 PM

Equity
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QUOTE(howszat @ Apr 19 2022, 10:15 PM)
If you profit, and the broker pay out, that's all you need to worry about.

Anything else, you are just getting confused.
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Dont confuse, you just need to learn how to identify bad brokers.

SCAM brokers are easier to identify as well.
Equity
post Apr 19 2022, 10:32 PM

Equity
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QUOTE(howszat @ Apr 19 2022, 10:30 PM)
Why should you worry about bad or scan brokers if you can win?

Don't worry about the wrong thing.
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Guess you never experience before one broker win but the other loss with the same strategy.


Equity
post Apr 19 2022, 10:46 PM

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QUOTE(howszat @ Apr 19 2022, 10:36 PM)
If one broker win, you stick with the same broker, why change?
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sweat.gif If didnt try both, how do you know which win which loss?

Anyway, you are very new, you dont get what i mean here. A bad broker can hunt down your stop loss by slippages, another not. A broker can slipped your trades when you take profit or stop loss by making you earn less or loss more. A broker can charge you high swap but others not.

If you win on a broker, but another better broker make you win more. Why not?




Equity
post Apr 19 2022, 11:05 PM

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QUOTE(howszat @ Apr 19 2022, 10:56 PM)
Let's get back to my original point "If you profit, and the broker pay out, that's all you need to worry about."

Profitable Consistently = GOOD. Keyword: consistently.

And first you got to make a profit.
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Is ok. Its my fault. I cant explain well enough for you.

Good luck.
Equity
post Apr 19 2022, 11:07 PM

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QUOTE(howszat @ Apr 19 2022, 10:56 PM)
Let's get back to my original point "If you profit, and the broker pay out, that's all you need to worry about."

Profitable Consistently = GOOD. Keyword: consistently.

And first you got to make a profit.
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Oh by the way, SCAM BROKERS can give you what you asking for. Consistently profitable until the game collapsed and stop paying. cool2.gif
Equity
post Apr 19 2022, 11:23 PM

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QUOTE(howszat @ Apr 19 2022, 11:16 PM)
In that case, you enjoy what they have already paid out, consistently profitable.

If they have paid-out, you take their money and say thank you.

What is the problem?
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Of cos that's a big problem. It seems like you are saying SCAM brokers are ok.

1st you might be getting back the payout from your own money which you dont even know. The payout might not even genuine.

2nd what if many invest today and they stop paying tomorrow and many got scammed. Is that ok to you?

3rd we learned to be smart investors not getting involve with scams.
Equity
post Apr 19 2022, 11:29 PM

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QUOTE(howszat @ Apr 19 2022, 11:25 PM)
No, I'm saying idiots like you fall for their tricks, and I'm glad you learnt your lesson.
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Ok i am trying to be kind not to say you are idiot, but please look into mirror.
Equity
post Apr 20 2022, 12:03 AM

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QUOTE(howszat @ Apr 19 2022, 11:35 PM)
1st you might be getting back the payout from your own money which you dont even know. The payout might not even genuine.
>> How can you not recognize that payout is from your own money? Only an idiot cannot.

2nd what if many invest today and they stop paying tomorrow and many got scammed. Is that ok to you?
>> They stop paying? Just enjoy that they have paid. Unless you did not cash it out - that makes you the idiot/

3rd we learned to be smart investors not getting involve with scams.
>> Sure
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Have a nice day. I am not wasting further times. Oh by the way, not everyone get a chance to cashout if the scam brokers closed down before they get first payout.
Equity
post Apr 20 2022, 12:06 AM

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QUOTE(howszat @ Apr 20 2022, 12:04 AM)
But that's what I meant. Don't put money in if you don't have a good chance of payout.

So simple point.
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doh.gif rclxms.gif shakehead.gif
Equity
post Apr 20 2022, 04:24 PM

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QUOTE(dwRK @ Apr 20 2022, 02:09 PM)
you should decide what type of trading suits you best, vis-a-vis your risk appetite and time availability... so decide on scalping, intraday, swing or position trades...

myself prefer swing/position trades, each trade can take days to weeks... i also like to catch s/r pivots and not trade the trends... if busy or tired i don't trade at all... if i scalp, can do 10-15 trades an hour...

no right or wrong number... just do what is comfy and available to you...
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thumbup.gif
Equity
post May 9 2022, 10:28 PM

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QUOTE(anudora @ May 9 2022, 11:27 AM)
Is there any broker that offer Malaysian with FCA regulated account??
Most of the broker will direct Malaysian to Vanuatu, Seychelles, St. Vincent, Belize regulated account.
FCA regulated only for EU or UK citizens.
Any broker that give the option for Malaysian to choose for FCA regulated account???
I know City Index can give such option because I got one but now I want to change broker. Any other option?
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What are the leverage you looking at?
Equity
post May 10 2022, 04:36 PM

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QUOTE(anudora @ May 10 2022, 12:58 AM)
I trade very conservative. I know FCA limit to 1:30 for retail. 30 is more than enough.
But I am unable to find broker that offer FCA for Malaysian.
The moment you say Malaysia ===> BVI or Seychelles or other tier 4 forex regulation.
I had been live chatting with many broker already.
I think Admiral offer the option but I cannot connect to the website without using VPN. MCMC blocked it??? I also donno what is the problem.
Maybe will have to settle with Bahamas one.
How is FXPro, anyone using?
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I will share a few brokers to you that can accept Malaysian on UK FCA based on T&C.

ForexVox (ValuTrades UK FCA)
https://client.forexvox.com/register/live?_...ource=affiliate

30:1 if classified as retail, up to 500:1 if classified as a pro (but has a cap on amount can deposit then it drops to 200:1 if balance over 50k)


Equity
post May 10 2022, 10:05 PM

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QUOTE(terrytan @ May 10 2022, 04:36 PM)
I will share a few brokers to you that can accept Malaysian on UK FCA based on T&C.

ForexVox (ValuTrades UK FCA)
https://client.forexvox.com/register/live?_...ource=affiliate

30:1 if classified as retail, up to 500:1 if classified as a pro (but has a cap on amount can deposit then it drops to 200:1 if balance over 50k)
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Another UK FCA broker - Varianse for your consideration. Malaysian can trade under UK FCA.

https://clients.neuron.varianse.co.uk/regis...c0879c71b5db5c/

You can apply as professional trader inside the portal for higher leverage.

This post has been edited by terrytan: May 10 2022, 10:22 PM
Equity
post May 11 2022, 10:10 PM

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QUOTE(anudora @ May 11 2022, 10:06 PM)
I had a chat with Varianse. Problem is USD40 for withdrawal fees. Wow so expensive sweat.gif .

ForexVox seem good.
Do you have any experience with both of this broker?
What broker do you use?
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I used many brokers.

You can try ForexVox, decent spreads and fees. The commission also lower if compare to Varianse.
Equity
post May 14 2022, 04:09 PM

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QUOTE(anudora @ May 12 2022, 12:19 PM)
Ia am on ForexVox demo. They have tight spread for forex and gold but a surprisingly large 139 tick spread for SPX500.
That mean I am unable to trade SPX500.
Maybe I need to used another broker for SPX500.
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Is this a main product you wants to trade? If so the broker could make some changes but you’d trade to future contract.

Also your are on demo spreads, which are pretty generic.
Equity
post May 19 2022, 01:49 AM

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QUOTE(tonewow @ May 19 2022, 12:59 AM)
lately two champion maximum promote on socmed.

Yang Ariff

dato Jamil Baharom
so whats up with them? any idea?
*
What's that? Web site?
Equity
post May 21 2022, 12:39 AM

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QUOTE(tonewow @ May 20 2022, 10:26 PM)
hi there apology as i am totally zero on fx.

could not manuver around or investigate further hence seeks the advice from here. in fact here is my go to source for verification.

for someone who profile like me who just want an easy access and convenient to the benefit of forex trading due just want to put 10% effort and money.

i guess that is why so many victims as there are so many scam platforms excel on this.

pointing who are scams is just not enough - we need to provide a starter legit platform to fight and steal the market away from them or else more victims would come about.

people are willing to invest.

if only anybody here can offer legit product for starter like me i would appreciate that.

as i said my profile just part part part time - hoping for a pocket change out of my investments.

easy to do and stable. eg octafx was so easy to start off with but as we all know it is scam.

in other words anythig like octafx but totally legit and the system is as easy as abc ?
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You may consider VESBOLT if you looking for genuine FX investment. Multiple portfolio strategies and up to 20 brokers for selection. Diversify as much as you can for better risk management.

If you can trade yourself, that's the best.

This post has been edited by terrytan: May 21 2022, 12:40 AM
Equity
post Jun 6 2022, 02:02 AM

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QUOTE(tempt @ Jun 5 2022, 10:56 PM)
Hello may I ask if VT markets has any negative news before?
With the legal information writing that it is regulated by ASIC i suppose it is legit, please correct me if I wrong..thank you!
<a href='https://pictr.com/images/2022/06/05/ByjQiA.md.png' target='_blank'>https://pictr.com/images/2022/06/05/ByjQiA.md.png </a>
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VTMarkets is a white label of VantageFX. What do they offer? Mainly a broker service right?
Equity
post Jun 8 2022, 07:00 PM

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QUOTE(FairyCheek @ Jun 8 2022, 12:13 PM)
Hello, I am new here in lowyat forum. I am currently working as Marketing Exec with ASIC regulated broker, I am a fresh in this field. I wish to know how can I get professional trader/institutional client (HNW) for my company. Is there any way I could look for IB to collaborate with as well?
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Not sure we can help you but it will depend on how well your broker is including your offer, executions, spreads, etc.
Equity
post Jul 12 2022, 12:11 AM

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QUOTE(Agent51 @ Jul 3 2022, 04:04 AM)
anyone investing in ASJ Forex Global? Have been asked by a friend to join this FX trading platform. The platform will give out FX trading signal daily for you to trade in MT5. So far my friend have been consistently getting 3%++ daily since earlier this year.

Apparently now they have a recharge event that with each top-up, will be awarded extra 50%. The link to this FX broker www.asjfx.co/activity

Sounds too good to be true  shocking.gif  shocking.gif  rclxub.gif . Is this a scam?  hmm.gif
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I thought this ASJ game over recently? Saw it on Facebook. Can someone confirm?

This post has been edited by terrytan: Jul 12 2022, 12:12 AM

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