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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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dwRK
post Sep 10 2022, 08:30 PM

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QUOTE(BC3232 @ Sep 10 2022, 07:30 PM)
So does it means when we want to invest in Vesbolt, we can go through Vesbolt partners?
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you don't invest directly with vesbolt lah bro...

you open account with legit brokers, so called partners... you let vesbolt trade for you... they take a profit cut... broker account still under your control...

alternative is copy trading lor...

BC3232
post Sep 10 2022, 08:39 PM

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QUOTE(dwRK @ Sep 10 2022, 08:30 PM)
you don't invest directly with vesbolt lah bro...

you open account with legit brokers, so called partners... you let vesbolt trade for you... they take a profit cut... broker account still under your control...

alternative is copy trading lor...
*
Thank you. My gut instinct is correct. Because I asked a question in another post....why those funds in TFXI is not available in other brokers? It doesn't make sense, is copy trade so since the fund is so good they should be available in other brokers.
dwRK
post Sep 10 2022, 09:18 PM

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QUOTE(BC3232 @ Sep 10 2022, 08:39 PM)
Thank you.  My gut instinct is correct. Because I asked a question in another post....why those funds in TFXI is not available in other brokers? It doesn't make sense, is copy trade so since the fund is so good they should be available in other brokers.
*
no idea on tfxi... my understanding is you open account with them, give them your money... no idea where it goes... when you need money you have to ask them for it... you have no control of your money

this MO is like the bitconnect ponzi...

dwRK
post Sep 10 2022, 09:39 PM

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QUOTE(trailblazers_song @ Sep 10 2022, 08:11 PM)
My key point is all these Vesbolt guys claimed Cysec toilet paper std but when I do some poking ard , to my horror Vesbolt is licensed in BVI , most of brokers licensed by BVI , Cayman , Bermuda , Belize , St Vincent , Seychelles & even Cysec .. such hypocrites . Worse I don’t see any licensing by Vesbolt in Malaysia 😃😃.. ya v genuine asset manager / fund manager 🤣🤣🤣
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at least they are genuine in BVI... biggrin.gif

trailblazers_song
post Sep 10 2022, 09:50 PM

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QUOTE(dwRK @ Sep 10 2022, 09:39 PM)
at least they are genuine in BVI... biggrin.gif
*
So triumphfx is not genuine with Cysec & tfxi is not genuine with FSA Seychelles ?
dwRK
post Sep 10 2022, 09:55 PM

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QUOTE(trailblazers_song @ Sep 10 2022, 09:50 PM)
So triumphfx is not genuine with Cysec & tfxi is not genuine with FSA Seychelles ?
*
never looked them up... can't comment...
trailblazers_song
post Sep 10 2022, 11:49 PM

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QUOTE(dwRK @ Sep 10 2022, 09:55 PM)
never looked them up... can't comment...
*
Amendment
If triumphfx is not genuine with Cysec & tfxi is not genuine with FSA Seychelles , Vesbolt licensed with lower tier from BVI is genuine ? Most of the brokers on Vesbolt panel with paper toilet licenses by BVI , Cayman , Bermuda , St Vincent , Belize , Vanuatu genuine ?

This post has been edited by trailblazers_song: Sep 10 2022, 11:49 PM
dwRK
post Sep 11 2022, 12:10 AM

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QUOTE(trailblazers_song @ Sep 10 2022, 11:49 PM)
Amendment
If triumphfx is not genuine with Cysec & tfxi is not genuine with FSA Seychelles ,  Vesbolt licensed with lower tier from BVI is genuine ? Most of the brokers on Vesbolt panel with paper toilet licenses  by BVI , Cayman , Bermuda , St Vincent , Belize , Vanuatu genuine ?
*
if they all have a license... they have a license lor... no arguments from me

what type of license?... I dunno... hawker license? driving license? fishing license? dog license?

fully regulated... what regulation? food prep hygiene regulation? tax regulations? toilet piping regulations?

you can have genuine license but do shitty illegal business... or no license but do genuine business... I dunno and I don't care... you n vesbolt/dr go fight it out... laugh.gif

TSDrFX
post Sep 11 2022, 03:11 AM

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Ladies and gentlemen, we have trailblazers_song a.k.a. TriumphFX supporter/scammer who is trying so hard to defend the FX scam.

trailblazers_song theory is when you can't prove yourself genuine, let's try to confuse others by trying to make other top-tier brokers or the entire industry not genuine too. He was only pointing on those brokers' Cysec licenses but he did not mention that those brokers also hold either UK FCA or Australia AFSL. Unlike TriumphFX which bought over Cysec license and Seychelles license after being black listed in Vanuatu due to audit failure.

When we talk about genuine, it's not only license, it's your business activities, your trading genuinity. TriumphFX failed completely with fake ROI and 3rd party transfer which is prohibited.

So when trailblazers_song can't answer the Hong Kong regulator alert about TriumphFX Global scam is actually using the same domain and MT4 server with the current TriumphFX, he trying to confuse others by attacking top-tier brokers and Vesbolt that's not even a broker. This is also why Vesbolt is not on our list. If you want to compare Vesbolt, you should compare it with your ghost trader Yuri. At least Vesbolt is not collecting funds like TriumphFX and their traders are trading with multiple top-tier brokers. We are not here to defend Vesbolt but it is what it is, there is no point to lie. A genuine platform is all about trading risk with potential drawdown, with no godlike fixed ROI like TriumphFX for so many years.

https://www.sfc.hk/en/alert-list/1430
https://www.todayonline.com/singapore/six-c...lm-scheme-forex
https://www.straitstimes.com/singapore/cour...lured-thousands

But when he can't win the fight, he talked about FX business being illegal in Malaysia. No one is talking about Malaysia legality because non are Malaysia companies. So please don't think everyone here are idiot. We are talking about international FX trading, not local licensing. There is no FX license available in Malaysia except Labuan although we understand that local regulators may try hard to establish one which not sure when. Hopefully soon.

Let's see some magic show done by TriumphFX GM Trader in 2017 when they still allow investors to login to their Master live account. Do they still allow now? Our understanding is no more live trading to see, only 5 cycles ROI like HYIP. They are afraid of being caught doing fake trading again.

Referring to the screenshot below, everyone here can see that the RED square highlighted positions have exact same open time and close time with WONDERFUL PROFITS. We never see any real traders can generate such profits by opening the trades on the same second and closing it immediately on the same second. POWERFUL? This is how a SCAM broker can create fake profits with MT Administrator. It is a back office tool that is available to all MT4 brokers. Without expensive top-tier license and strict audit requirements, scam brokers like to use it to manipulate trades by creating fake profits. Almost all the scam brokers on our list did the same way including JJPTR, IGOFX, MIA, Sentratama, Herzen, TriumphFX, VexTrader, etc.

If you think you have too much money to play the musical chair game, go ahead but dont take it seriously. The ending is the same for all FX Scam.

user posted image

If you want to scam, why still use the same domain? Kantoi! Be more professional and use different URL. doh.gif
user posted image

This post has been edited by DrFX: Sep 11 2022, 03:18 AM
SUSTOS
post Sep 11 2022, 08:55 AM

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Just "borrowing" this thread to ask about Dukascopy.

I am aware it's an FX/crypto platform, but has anyone tried its multicurrency account service before?

https://www.dukascopy.bank/swiss/

Any reviews on this online Swiss bank account?

Thanks.
dwRK
post Sep 11 2022, 10:31 AM

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QUOTE(TOS @ Sep 11 2022, 08:55 AM)
Just "borrowing" this thread to ask about Dukascopy.

I am aware it's an FX/crypto platform, but has anyone tried its multicurrency account service before?

https://www.dukascopy.bank/swiss/

Any reviews on this online Swiss bank account?

Thanks.
*
looked at them long time ago... if I remember correctly... started as trading platform providing banking accounts... looks like they now have banking license...

you go through their T&C lor... should be safe to open account... I no interest last time as I already have a foreign bank account... was just looking around for backup...

SUSTOS
post Sep 11 2022, 10:39 AM

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QUOTE(dwRK @ Sep 11 2022, 10:31 AM)
looked at them long time ago... if I remember correctly... started as trading platform providing banking accounts... looks like they now have banking license...

you go through their T&C lor... should be safe to open account... I no interest last time as I already have a foreign bank account... was just looking around for backup...
*
Already opened one yesterday, still waiting for review. The card fees are ridiculous though. But I like having a Swiss bank account number. laugh.gif

Just trying to figure out how prohibitive the fees are.
dwRK
post Sep 11 2022, 11:15 AM

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QUOTE(TOS @ Sep 11 2022, 10:39 AM)
Already opened one yesterday, still waiting for review. The card fees are ridiculous though. But I like having a Swiss bank account number. laugh.gif

Just trying to figure out how prohibitive the fees are.
*
Switzerland wor... they will charge you for breathing their alps air if they can... laugh.gif

SUSTOS
post Sep 11 2022, 12:04 PM

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QUOTE(dwRK @ Sep 11 2022, 11:15 AM)
Switzerland wor... they will charge you for breathing their alps air if they can... laugh.gif
*
Hmm. Maybe I should just withdraw my application then. laugh.gif


trailblazers_song
post Sep 11 2022, 12:58 PM

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QUOTE(DrFX @ Sep 11 2022, 03:11 AM)
Ladies and gentlemen, we have trailblazers_song a.k.a. TriumphFX supporter/scammer who is trying so hard to defend the FX scam.

trailblazers_song theory is when you can't prove yourself genuine, let's try to confuse others by trying to make other top-tier brokers or the entire industry not genuine too. He was only pointing on those brokers' Cysec licenses but he did not mention that those brokers also hold either UK FCA or Australia AFSL. Unlike TriumphFX which bought over Cysec license and Seychelles license after being black listed in Vanuatu due to audit failure.

When we talk about genuine, it's not only license, it's your business activities, your trading genuinity. TriumphFX failed completely with fake ROI and 3rd party transfer which is prohibited.

So when trailblazers_song can't answer the Hong Kong regulator alert about TriumphFX Global scam is actually using the same domain and MT4 server with the current TriumphFX, he trying to confuse others by attacking top-tier brokers and Vesbolt that's not even a broker. This is also why Vesbolt is not on our list. If you want to compare Vesbolt, you should compare it with your ghost trader Yuri. At least Vesbolt is not collecting funds like TriumphFX and their traders are trading with multiple top-tier brokers. We are not here to defend Vesbolt but it is what it is, there is no point to lie. A genuine platform is all about trading risk with potential drawdown, with no godlike fixed ROI like TriumphFX for so many years.

https://www.sfc.hk/en/alert-list/1430
https://www.todayonline.com/singapore/six-c...lm-scheme-forex
https://www.straitstimes.com/singapore/cour...lured-thousands

But when he can't win the fight, he talked about FX business being illegal in Malaysia. No one is talking about Malaysia legality because non are Malaysia companies. So please don't think everyone here are idiot. We are talking about international FX trading, not local licensing. There is no FX license available in Malaysia except Labuan although we understand that local regulators may try hard to establish one which not sure when. Hopefully soon.

Let's see some magic show done by TriumphFX GM Trader in 2017 when they still allow investors to login to their Master live account. Do they still allow now? Our understanding is no more live trading to see, only 5 cycles ROI like HYIP. They are afraid of being caught doing fake trading again.

Referring to the screenshot below, everyone here can see that the RED square highlighted positions have exact same open time and close time with WONDERFUL PROFITS. We never see any real traders can generate such profits by opening the trades on the same second and closing it immediately on the same second. POWERFUL? This is how a SCAM broker can create fake profits with MT Administrator. It is a back office tool that is available to all MT4 brokers. Without expensive top-tier license and strict audit requirements, scam brokers like to use it to manipulate trades by creating fake profits. Almost all the scam brokers on our list did the same way including JJPTR, IGOFX, MIA, Sentratama, Herzen, TriumphFX, VexTrader, etc.

If you think you have too much money to play the musical chair game, go ahead but dont take it seriously. The ending is the same for all FX Scam.

user posted image

If you want to scam, why still use the same domain? Kantoi! Be more professional and use different URL.  doh.gif
user posted image
*
Veery lazy to read the same record player set on repeat function .
If u are an expert in forex which I doubt & definitely with intent to misled , u should know by now Triumphfx Global is shut down by the HK authority in 2015 . Hermes leong , singliiwork & triumphifx.Com is NOT tfxi Simple fact which was clarified but u repeatedly ignore with intent to mislead. & u can’t see the insertion on i on the domain ? Obviously ur not thorough in your DD or u need a prescription glass or u actual intent to mislead which I suspect so. Same MT4 ? Where the proof … talk is cheap .
Is Vesbolt licensed to conduct forex biz as asset manager in Malaysia ? I m sure u will avoid answering this question cos the answer is obvious .If not , Vesbolt which I m sure ur related to is as legal as tfxi . Ok I m going to screen shoot your top tier license which Vesbolt is represent
trailblazers_song
post Sep 11 2022, 01:01 PM

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user posted image

All from your genuine brokers & 1st tier .. Registered in Bahamas

user posted image

1st class FXCM . Incorporates in Bahamas

user posted image

TradeMax . Regulated in Vanuatu. Paper toilet license or top tier as claimed by Dr without FX license

user posted image

Vesbolt 1st class broker . Registered in St Vincent .. where is this country 🤣🤣🤣

user posted image

Again another broker from Vesbolt site - licensed in Vanuatu. Top tier license 😮

user posted image

1 of the licensss from Seychelles

user posted image

Another 1 Infinox from Bahamas 🤣🤣🤣. Top tier license indeed
trailblazers_song
post Sep 11 2022, 01:24 PM

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I could go On & On . All these brokers which are represented by Vesbolt got their license fr Bahamas , St Vincent , Vanuatu , Seychelles .. if Triumpfx license by Cyprus which is definite higher tier license consideri lousy & paper toilet quality what do u thk of licenses of the brokers represented by Vesbolt . V easy to check . All in the 1st page of this thread which Dr without license in fx posted as top tier brokers .. with intention to point to readers to Vesbolt site
Vesbolt any license to operate in Malaysia ? Nope . License from British Virgin Islands ( BVI) 🤣🤣🤣
BC3232
post Sep 11 2022, 01:46 PM

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You make your own judgment:

https://www.youtube.com/watch?v=gTD7-9qw6Yk&t=331s

https://drive.google.com/drive/folders/1_mx...s9A?usp=sharing


1.53 : TruimphFX Regulated by WorldBank? ( this really no joke leh)
4.52 : 15 countires SC certification? ( those who has knowledge please help. My tought is TFXI has a passport license, not regulated)
6.39 : They used to show UK licensing, but removed, but still talk in the presentation....
6.50 : Worldbank regulated by commercial banl?

Don't tembak and F 9 me ya....I asking the reader to make his /her own judgment!!!!
trailblazers_song
post Sep 11 2022, 06:42 PM

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QUOTE(BC3232 @ Sep 11 2022, 01:46 PM)
You make your own judgment:

https://www.youtube.com/watch?v=gTD7-9qw6Yk&t=331s

https://drive.google.com/drive/folders/1_mx...s9A?usp=sharing
1.53 : TruimphFX Regulated by WorldBank? ( this really no joke leh)
4.52 : 15 countires SC certification? ( those who has knowledge please help. My tought is TFXI has a passport license, not regulated)
6.39 : They used to show UK licensing, but removed, but still talk in the presentation....
6.50 : Worldbank regulated by commercial banl?

Don't tembak and F 9 me ya....I asking the reader to make his /her own judgment!!!!
*
Use some common sense lah. Unit trust , life ins , general agt sells for the co but they do not have an employee - employer relationship . So are the investors & IB in tfxi or Vesbolt for that matter .. so the YouTuber represent Tfxi officially. Misrepresentation by anybody is not an indication the co is a scam
Guarantee u not int to F u . Only sexy ladies 🤣

This post has been edited by trailblazers_song: Sep 11 2022, 06:45 PM
BC3232
post Sep 11 2022, 08:05 PM

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QUOTE(trailblazers_song @ Sep 11 2022, 06:42 PM)
Use some common sense lah. Unit trust , life ins , general agt sells for the co but they do not have an employee - employer relationship . So are the investors & IB in tfxi or Vesbolt for that matter .. so the YouTuber represent Tfxi officially. Misrepresentation by anybody is not an indication the co is a scam
Guarantee u not int to F u . Only sexy ladies 🤣
*
??? I didn't say anything woh. I just ask readers to make thier own judgment woh...this also cannnot?

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