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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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AliG
post Oct 4 2022, 06:24 AM

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I don't care what vesbolt does. I am not interested in vesbolt. But to say triumphfx is legit, you need to explain
1) why is it banned in Indonesia?
2) owners of triumphfx still on trial in Singapore


https://id.berita.yahoo.com/polisi-selidiki...-045745823.html

quora has a thread on triumphfx
https://www.quora.com/Is-TriumphFX-TFXI-a-f...-the-right-time

This post has been edited by AliG: Oct 4 2022, 06:25 AM
lovelyuser
post Oct 4 2022, 08:38 AM

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QUOTE(james.6831 @ Oct 3 2022, 10:59 PM)
18.7m shud be able to continue feed the scheme for a while lo…
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It's crucial time for the pyramid founder to make important decision, take whatever on the table and leave, then go for holiday while thinking of next new scheme

Or may choose to hold a bit longer, pay this 18.7M customer few months, hopefully can get the family and friends of this big client

Time will tell, I am getting my popcorn ready for this show
neowing
post Oct 4 2022, 08:43 PM

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QUOTE(jack2 @ Oct 1 2022, 09:37 PM)
cloud miming is another scam
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True they keep luring us with new machine with better returns..
jack2
post Oct 4 2022, 08:58 PM

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QUOTE(neowing @ Oct 4 2022, 08:43 PM)
True they keep luring us with new machine with better returns..
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yes, at the end, higher difficult rate makes the return cannot cover their monthly cost...then all the cost are burned.

i believe they never have such machines bought to mine.

Just drama.
smlim7 P
post Oct 4 2022, 09:42 PM

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Just wanna check did anyone know about forex investment via UTS with Bank Mandiri.. Do not know in detail, someone approached me. Saying average return 3%/mouth. Minimum investment amount either 20k, 60k. Projected return after 5 Yr with 60k return will b 300k... I don't believe it... Just need to check need u guy heard that?

Thanks.
LIM
lovelyuser
post Oct 4 2022, 11:15 PM

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QUOTE(smlim7 @ Oct 4 2022, 09:42 PM)
Just wanna check did anyone know about forex investment via UTS with Bank Mandiri.. Do not know in detail, someone approached me.  Saying average return 3%/mouth. Minimum investment amount either 20k, 60k. Projected return after 5 Yr with 60k return will b 300k... I don't believe it... Just need to check need u guy heard that?

Thanks.
LIM
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Sounds like another GRQS to me....
AliG
post Oct 6 2022, 05:19 PM

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I haven't seen anyone being scammed by UTS before. They have been in operation for more 8 years. If you know someone that were scammed, please come forward. Please don't give me BS statement like:"Just because you haven't been scammed, doesn't mean you won't!" Anyone can use this line of argument against anything. Bring me some proof.

Having said that, returns are nowhere near 3% a month because you need to factor in profit split to Fund Manager. Lately the returns are nowhere near what they used to be back in 2014 to 2019. Market are not kind. Spread in Sentratama are horrifying (40 cents on Gold). The other broker they use ( UW Global) are not allowing Malaysians to open account. And they cannot afford to lose money because Fund Manager has to share losses with investors. I have seen them trying to trade everyday but most days they decided not to pull the trigger and ended up empty handed.

People who invested with them, are typically very conservative investors who cannot afford to lose even 1 cent. That means do not expect high return either. But you can sleep well at night.

The other thing about opening account with Sentratama is, if you have a lot of money - think twice, because when you withdraw, Indonesian law only allow Sentratama to TT maximum 40k each time out to you. And each withdrawal takes about 1 month to arrive. So imagine if you have to withdraw 2 mln USD, how long will it take for you to get your money back?



QUOTE(smlim7 @ Oct 4 2022, 09:42 PM)
Just wanna check did anyone know about forex investment via UTS with Bank Mandiri.. Do not know in detail, someone approached me.  Saying average return 3%/mouth. Minimum investment amount either 20k, 60k. Projected return after 5 Yr with 60k return will b 300k... I don't believe it... Just need to check need u guy heard that?

Thanks.
LIM
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AliG
post Oct 6 2022, 05:22 PM

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(deleted) double post

This post has been edited by AliG: Oct 6 2022, 07:50 PM
MUM
post Oct 6 2022, 07:21 PM

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QUOTE(smlim7 @ Oct 4 2022, 09:42 PM)
Just wanna check did anyone know about forex investment via UTS with Bank Mandiri.. Do not know in detail, someone approached me.  Saying average return 3%/mouth. Minimum investment amount either 20k, 60k. Projected return after 5 Yr with 60k return will b 300k... I don't believe it... Just need to check need u guy heard that?

Thanks.
LIM
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Seems like in page 71, there had been some 1-2 pages of discussion about uts.... Thus yes to your question about if anyone heard about it.
Even in page 52, there is a post

Just hope they are of the same uts that you asked.
darksider
post Oct 6 2022, 11:03 PM

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QUOTE(Stevelai @ Oct 3 2022, 08:53 PM)
about cannot connect to the server is only him or anyone else
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hawker friend now cannot even access his triumphfx app, keeps loading there. 330 usd on balance, 300 usd on trading account. his upline came around 3 days ago, pursuading him to invest $500 usd, but instead he told his upline who is a retired teacher (lady) that he wants to withdraw $300, now 3rd day already, app still cannot enter, and no news about withdrawal. whatsapps the lady, listened already no response rclxms.gif rclxms.gif rclxms.gif

i joked with him that at the end u cant even get back what you invested in which is $300. 15 months it now grows to $300 + $330.
SKL
post Oct 7 2022, 07:39 AM

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QUOTE(darksider @ Oct 6 2022, 11:03 PM)
hawker friend now cannot even access his triumphfx app, keeps loading there. 330 usd on balance, 300 usd on trading account. his upline came around 3 days ago, pursuading him to invest $500 usd, but instead he told his upline who is a retired teacher (lady) that he wants to withdraw $300, now 3rd day already, app still cannot enter, and no news about withdrawal. whatsapps the lady, listened already no response  rclxms.gif  rclxms.gif  rclxms.gif

i joked with him that at the end u cant even get back what you invested in which is $300. 15 months it now grows to $300 + $330.
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Can he login thru browser? I think last few days experiencing unusual high traffic due to multiple fund managers concurrently having their profit sharing closing over the weekend.
Now the traffic back to normal.

As regarding withdrawal issue, I didn't face any issue yet. Touch wood. If there is, it should have been viral around. I didn't see any yet.

As I know minimum investment is $1000. I don't know how your friend can invest only $300. May I know which fund manager?
SKL
post Oct 7 2022, 08:48 AM

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Somebody said learn to trade yourself. Yes. I did trade myself for few years but at the end still in losing so now I give up. Must admit I am not talented trader. I realized that better invest into PAMM with amount I afford to lose than trade myself as it spend my money, time and health. With PAMM if it finally fail then I only lose money. I feel easy after I quit trading mysellf.

I finally give triumphfx a try despite it may be not transparent but hard to classified it;s scam. Have u seen any scam can last more than 8 years with such rate of return.

Finally, It could be scam or not. Invest with amount you afford to lose.
Stevelai
post Oct 7 2022, 11:35 PM

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QUOTE(SKL @ Oct 7 2022, 08:48 AM)
Somebody said learn to trade yourself. Yes. I did trade myself for few years but at the end still in losing so now I give up. Must admit I am not talented trader. I realized that better invest into PAMM with amount I afford to lose than trade myself as it spend my money, time and health. With PAMM if it finally fail then I only lose money. I feel easy after I quit trading mysellf.

I finally give triumphfx a try despite it may be not transparent but hard to classified it;s scam. Have u seen any scam can last more than 8 years with such rate of return.

Finally, It could be scam or not. Invest with amount you afford to lose.
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i wonder the 8 years is come from you or others(upline) telling you ?
If you are a trader .take a look for the picture and tell me is possible or not trade less than 1 sec without float and ignore a nearly 50 spread and commission.

user posted image
trailblazers_song
post Oct 8 2022, 01:55 AM

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QUOTE(Stevelai @ Oct 7 2022, 11:35 PM)
i wonder the 8 years is come from you or others(upline) telling you ?
If you are a trader .take a look for the picture and tell me is possible or not trade less than 1 sec without float and ignore a nearly 50 spread and commission. I

user posted image
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An idiot is born every day . Did u bother to read thru the thread . How many times must explain tfxi uses Post trading syst, that why the timing is the same . Which copy traders show both opening & closing positions so that u can copy their trades ? Don’t be such a dungu .
Do the Veilbolt gang brokers show u both their opening & closing positions ? B4 insinuating others as a scam READ THRU THE THREAD so that we don’t come across as an ignorant fool

This post has been edited by trailblazers_song: Oct 8 2022, 01:56 AM
trailblazers_song
post Oct 8 2022, 02:03 AM

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QUOTE(darksider @ Oct 3 2022, 06:03 PM)
https://www.channelnewsasia.com/singapore/s...t-fraud-2591016

In fact, Triumph Global and Union Markets were not connected to a single liquidity provider to trade foreign currency, and did not hold any capital markets licence to carry out leveraged foreign exchange trading, argued the prosecution.

By May 2015, Singliworld's liabilities had exceeded US$17 million (S$23 million).

"In reality, there were no such genuine traders, no such genuine trading, and no such genuine trading returns," said the prosecution.

"Investors were sent daily statements falsely purporting to show that the trades therein had genuinely taken place."

page 18
https://www.slideshare.net/JeffreyYong/sing...x-english-short
still need to argue and feed the trolls? the ponzi will fail soon, a tycoon in PJ malaysia already invested RM18.7 million (4m usd) into ghost traders nicolay and yuri, dont think they will ever let him get back these massive gains

an uncle who invested $300 usd 15 months ago into triumphfx tried to withdraw yesterday after his agent came to pursuade him to invest more, today his triumphfx app cannot connect to the server, showing only balance and nothing else.
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another joker who still claimed triumph global & Triumpfx or tfxi is the same co without reading thru the thread . Triumph International, super soft bra everyday ., scammer selling bra … in fact any shitty co with the word Triumph must be Triumphfx . Fools are born everyday
SKL
post Oct 8 2022, 09:31 AM

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QUOTE(Stevelai @ Oct 7 2022, 11:35 PM)
i wonder the 8 years is come from you or others(upline) telling you ?
If you are a trader .take a look for the picture and tell me is possible or not trade less than 1 sec without float and ignore a nearly 50 spread and commission.

user posted image
*
It have been invited to join since 2014 but I didn't join at that time as I scared it's scam and I prefer to trade myself.

One thing delayed my joining is lack of transparency as you can't see the opening time of trade.

They are not showing real time trade.

Hence you see closing time and opening time are same.

U will only see the trade after it was closed after 30 min. Their reason is to avoid copy trading.


You can't know if it's makeup trade or real trade.

It could be scam or not I don't know.

That's why only invest with money you afford to lose.

If you think you can take the risk then go ahead else just leave it.

This post has been edited by SKL: Oct 8 2022, 10:34 AM
Stevelai
post Oct 8 2022, 05:03 PM

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QUOTE(trailblazers_song @ Oct 8 2022, 01:55 AM)
An idiot is born every day . Did u bother to read thru the thread . How many times must explain tfxi uses Post trading syst, that why the timing is the same . Which copy traders show both opening & closing positions  so that u can copy their trades ? Don’t be such a dungu .
Do the Veilbolt gang brokers show u both their opening & closing positions ? B4 insinuating others as a scam READ THRU THE THREAD so that we don’t come across as an ignorant fool
*
POST TRADING SYSTEM?????i really never heard of it seriously. if so worry about people copytrade why dont just put the track record on myfxbook or any other verified trustworthy 3rd party copytrade system? instead put some suspicious investor account which can be manipulate . want prove can possible manipulate? https://www.youtube.com/watch?v=Rkq9qb7eSDw . believe what you believe in, i wish you become millionaire.
SKL
post Oct 8 2022, 08:10 PM

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QUOTE(Stevelai @ Oct 8 2022, 05:03 PM)
POST TRADING SYSTEM?????i really never heard of it seriously. if so worry about people copytrade why dont just put the track record on myfxbook or any other verified trustworthy 3rd party copytrade system? instead put some suspicious investor account which can be manipulate . want prove can possible manipulate? https://www.youtube.com/watch?v=Rkq9qb7eSDw    . believe what you believe in, i wish you become millionaire.
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One of the reason why fund manager choose triumphfx is there are ready marketing team so they just focus on trading.

Imagine there is ready 60 millions fund for you to trade. If you can make 10% per month and profit sharing of 10%. It's whooping 600k per month.

If you are talent trader, u can apply to be their fund manager.
AliG
post Oct 9 2022, 03:34 AM

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QUOTE(SKL @ Oct 8 2022, 08:10 PM)
One of the reason why fund manager choose triumphfx is there are ready marketing team so they just focus on trading.

Imagine there is ready 60 millions fund for you to trade. If you can make 10% per month and profit sharing of 10%. It's whooping 600k per month.

If you are talent trader, u can apply to be their fund manager.
*
"If you are talent trader....":lol: laugh.gif laugh.gif laugh.gif

I tell you how Triumphfx works, because I know a trader that had been approached by Triumphfx to trade for them.

Triumphfx PAMM is different from PAMMs offered by other 'LEGIT' broker in the following respect:
1) Triumphfx allows traders to run huge drawdown, because it's a PAMM, such drawdown are not seen by investors
2) Triumphfx only cares about 'CLOSED PROFIT', and their requirement is trader needs to have closed profit of around 10% a month, they can run the account at 80% DD, that does not matter as long as they can close trades with around 10% profit a month.
3) The key difference between Triumphfx and other broker is, Triumphfx allows investor to withdraw closed profit even though the MASTER account has opened trades and is running a huge drawdown; ALL legit broker will ONLY allow withdrawal by investors after all trades are closed.
4) Triumphfx pays a lot to marketing for them to bring in new clients (hence new capital).

So, as you can see, this is a winning formula because:
1) Investors will be under the impression that TriumphFX traders are GOOOD, because they can withdraw profit every month. (They will NOT be able to withdraw profit with any other legit brokers)
2) The floating drawdown in the Master account is not seen by investors. And as long as the marketing can continue to bring in new capital, it will take care of such drawdown. Imagine, if originally, the Master account has a drawdown of -100k out of a 200k balance, now marketing bring in fresh capital of 300k, the balance increase to 500k and the -100k drawdown is only 20% of the account, which is manageable.

The way for Triumphfx to fail, is when the influx of new capital cannot cover (1) withdrawal from clients and (2) floating drawdown.

At the end of the day, scam or no scam, there are always people who will make money, and people who will lose money.

Even if it is not a scam, you can still lose money because your trader who trade genuniely can lose your money.

So, Triumphfx is a scam, yes of course, go talk to Indonesians, just because it hasn't happened in Malaysia, doesn't mean it is not a scam. It may happen tomorrow, or it may take another 5 years for them to blow up - by then, lots of people will have made a lot of money.

Good luck, do not invest money you cannot afford to lose.
trailblazers_song
post Oct 9 2022, 05:47 PM

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QUOTE(AliG @ Oct 9 2022, 03:34 AM)
"If you are talent trader....":lol:  laugh.gif  laugh.gif  laugh.gif

I tell you how Triumphfx works, because I know a trader that had been approached by Triumphfx to trade for them.

Triumphfx PAMM is different from PAMMs offered by other 'LEGIT' broker in the following respect:
1) Triumphfx allows traders to run huge drawdown, because it's a PAMM, such drawdown are not seen by investors
2) Triumphfx only cares about 'CLOSED PROFIT', and their requirement is trader needs to have closed profit of around 10% a month, they can run the account at 80% DD, that does not matter as long as they can close trades with around 10% profit a month.
3) The key difference between Triumphfx and other broker is, Triumphfx allows investor to withdraw closed profit even though the MASTER account has opened trades and is running a huge drawdown; ALL legit broker will ONLY allow withdrawal by investors after all trades are closed.
4) Triumphfx pays a lot to marketing for them to bring in new clients (hence new capital).

So, as you can see, this is a winning formula because:
1) Investors will be under the impression that TriumphFX traders are GOOOD, because they can withdraw profit every month. (They will NOT be able to withdraw profit with any other legit brokers)
2) The floating drawdown in the Master account is not seen by investors. And as long as the marketing can continue to bring in new capital, it will take care of such drawdown. Imagine, if originally, the Master account has a drawdown of -100k out of a 200k balance, now marketing bring in fresh capital of 300k, the balance increase to 500k and the -100k drawdown is only 20% of the account, which is manageable.

The way for Triumphfx to fail, is when the influx of new capital cannot cover (1) withdrawal from clients and (2) floating drawdown.

At the end of the day, scam or no scam, there are always people who will make money, and people who will lose money.

Even if it is not a scam, you can still lose money because your trader who trade genuniely can lose your money.

So, Triumphfx is a scam, yes of course, go talk to Indonesians, just because it hasn't happened in Malaysia, doesn't mean it is not a scam. It may happen tomorrow, or it may take another 5 years for them to blow up - by then, lots of people will have made a lot of money.

Good luck, do not invest money you cannot afford to lose.
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1, 2, 3, 4 Full of BS based on heresay. Influx of funds …when withdrawal more than deposit … so many blur & bshitters hanging ard low-fat forum esp this thread 🤣

This post has been edited by trailblazers_song: Oct 9 2022, 05:49 PM

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