Welcome Guest ( Log In | Register )

263 Pages « < 28 29 30 31 32 > » Bottom

Outline · [ Standard ] · Linear+

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

views
     
SUSMNet
post Mar 18 2017, 06:44 PM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(terrytan @ Mar 18 2017, 03:28 PM)
To be fair, you have to compare apple to apple, not apple to orange.
*
at the end of the day spread count.

This post has been edited by MNet: Mar 18 2017, 06:44 PM
SUSMNet
post Mar 18 2017, 06:45 PM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(HamMerMer @ Mar 18 2017, 03:47 PM)
hi guys, do u guys know about falconaire bond investment? all i know was every month 3% dividen and required at least rm62k to start the game.  u guys think legit or not?
*
quite low entry fee.
what is the website?
troller2
post Mar 18 2017, 11:22 PM

Getting Started
**
Junior Member
170 posts

Joined: Jun 2015
QUOTE(highlowyat @ Mar 15 2017, 05:02 PM)
2.5 years with lowest drawdown and highest winning rates
well if you want crazy high return, he is not one of them. but he is the most consistent trader with 2.5 millions fund
» Click to show Spoiler - click again to hide... «

*
high winning rate does not equate to better performance. have to look at both winning rate and reward-risk ratio.

looking at his performance. it looks promising. i thought he uses martingale looking from the equity graph. but when check the lot size, he didn't use martingale. overall quite stable and good.
but i couldnt check his open trades to check if he has large negative floating positions or not.
Equity
post Mar 19 2017, 01:17 AM

Equity
******
Senior Member
1,229 posts

Joined: Jan 2003
From: Penang



QUOTE(MNet @ Mar 18 2017, 06:44 PM)
at the end of the day spread count.
*
MNet, there are many market makers brokers like instaforex giving you full spread rebate or zero spread, probably you should even try some scam FX that sharing clients loss as well.

I am here to share what i have which is a solid Swiss bank and 100% safe guaranteed platform including investors/traders get up to CHF100k capital protection in case the bank default. Most of the business are through Swissquote Bank partners where we are sharing part of the spreads as our service fee.

You seems disrespectful with your comment and you cant compare the spreads for a bank with a small brokers. Eventually you lose somewhere if you dont know then i can tell here. There are plenty of slippage which you unnoticed for most of the small brokers which they called plug in to make sure you get widen spread, unwanted stop loss or even freeze your platform during certain conditions. Brokers are here to make money in order to pay for their licenses and maintenance, do you think they will just make money from the tiny spread? No! They earn whenever you loss by all kind of possible slippage.

Now lets compare Swissquote Bank with Forex.com, FXCM, Saxobank and Oanda. Swissquote Bank is a SWISS public listed bank. It can compare with public listed brokers like FXCM and Gain Capital.

Not something else. Thank you.

This post has been edited by terrytan: Mar 19 2017, 02:42 AM
TSDrFX
post Mar 19 2017, 01:29 AM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(HamMerMer @ Mar 18 2017, 03:47 PM)
hi guys, do u guys know about falconaire bond investment? all i know was every month 3% dividen and required at least rm62k to start the game.  u guys think legit or not?
*
Hi HamMerMer,

Falconaire is a 100% scam run by a group of SCAM FX syndicate including GVF, RCFX, KBFX, etc. They are running an unregulated fund which we called PONZI SCHEME or MONEY GAME. Probably some of you already know who are the famous SCAMMERS operating at the back.

AVOID IT AT ALL COST! IT's ON OUR SCAM LIST!
Equity
post Mar 19 2017, 01:35 AM

Equity
******
Senior Member
1,229 posts

Joined: Jan 2003
From: Penang



QUOTE(terrytan @ Mar 19 2017, 01:17 AM)
MNet, there are many market makers brokers like instaforex giving you full spread rebate  or zero spread, probably you should even try some scam FX that sharing clients loss as well.

I am here to share what i have which is a solid Swiss bank and 100% safe guaranteed platform including investors/traders get up to CHF100k capital protection in case the bank default. Most of the business are through Swissquote Bank partners where we are sharing part of the spreads as our service fee.

You seems disrespectful with your comment and you cant compare the spreads for a bank with a small brokers.  Eventually you lose somewhere if you dont know then i can tell here. There are plenty of slippage which you unnoticed for most of the small brokers which they called plug in to make sure you get widen spread, unwanted stop loss or even freeze your platform during certain conditions. Brokers are here to make money in order to pay for their licenses and maintenance, do you think they will just make money from the tiny spread? No! They earn whenever you loss by all kind of possible slippage.

Now lets compare Swissquote Bank with Forex.com, FXCM, Saxobank and Oanda. Swissquote Bank is a SWISS public listed bank. It can compare with public listed brokers like FXCM and Gain Capital.

Not something else. Thank you.
*
I worked with some small brokers before. After awhile with some very bad experiences, I decided to stop and only work with bank or big brokers who provide solid trading environment. Our clients fund size over million US dollars, so security is our main concern.

This post has been edited by terrytan: Mar 19 2017, 02:41 AM
TSDrFX
post Mar 19 2017, 03:45 AM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(MNet @ Mar 18 2017, 06:44 PM)
at the end of the day spread count.
*
Hi MNet,

We are curious which broker are you comparing with. A friendly reminder, this thread is about encourage trading/invest with genuine brokers and warnings against SCAM FX.

We would suggest you to state which broker are you comparing with including the broker/bank license, investors protection, any introducing broker, platform, any additional facilities, public listed company or not etc.

In our opinion, we think it will be fair if you compare a big broker/bank with another big broker/bank. We shouldn't compare APPLE IPHONE with XIAOMI. If you like to use XIAOMI, you shouldn't complaint Apple Iphone is very expensive just because of the price. Apple Iphone lovers look for better quality, branding, user friendly and greater functionality.

We hope you understand what we are trying to point out here.



SUSMNet
post Mar 19 2017, 11:35 AM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(terrytan @ Mar 19 2017, 01:17 AM)
MNet, there are many market makers brokers like instaforex giving you full spread rebate  or zero spread, probably you should even try some scam FX that sharing clients loss as well.

I am here to share what i have which is a solid Swiss bank and 100% safe guaranteed platform including investors/traders get up to CHF100k capital protection in case the bank default. Most of the business are through Swissquote Bank partners where we are sharing part of the spreads as our service fee.

You seems disrespectful with your comment and you cant compare the spreads for a bank with a small brokers.  Eventually you lose somewhere if you dont know then i can tell here. There are plenty of slippage which you unnoticed for most of the small brokers which they called plug in to make sure you get widen spread, unwanted stop loss or even freeze your platform during certain conditions. Brokers are here to make money in order to pay for their licenses and maintenance, do you think they will just make money from the tiny spread? No! They earn whenever you loss by all kind of possible slippage.

Now lets compare Swissquote Bank with Forex.com, FXCM, Saxobank and Oanda. Swissquote Bank is a SWISS public listed bank. It can compare with public listed brokers like FXCM and Gain Capital.

Not something else. Thank you.
*
I doesn't matter whether its public listed company or not.
https://www.fxempire.com/brokers/swissquote/review
swissquote is a market marker.
fairylord
post Mar 19 2017, 12:01 PM

tag [@fairylord]
*******
Senior Member
2,012 posts

Joined: Dec 2007
From: Fairytale
Hi,

How about instaforex? They even have support centre in most of the states of malaysia.

Thanks in advance for advice. Is this mean its genuine and legal by malaysia law?
troller2
post Mar 19 2017, 12:04 PM

Getting Started
**
Junior Member
170 posts

Joined: Jun 2015
QUOTE(MNet @ Mar 19 2017, 11:35 AM)
I doesn't matter whether its public listed company or not.
https://www.fxempire.com/brokers/swissquote/review
swissquote is a market marker.
*
are you serious MNet? i thought you are experienced. but i am wrong.
a broker which is a market maker is not a bad broker.
in fact, the banks are market maker themselves.



fairylord
post Mar 19 2017, 12:26 PM

tag [@fairylord]
*******
Senior Member
2,012 posts

Joined: Dec 2007
From: Fairytale
QUOTE(troller2 @ Mar 19 2017, 12:04 PM)

a broker which is a market maker is not a bad broker.
in fact, the banks are market maker themselves.
*
Indeed, a broker capable to make market is a not bad broker.

Newbie here.
SUSMNet
post Mar 19 2017, 12:54 PM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(fairylord @ Mar 19 2017, 12:26 PM)
Indeed, a broker capable to make market is a not bad broker.

Newbie here.
*
u can check here the different between swissquote market maker vs pepperstone ecn

http://www.investopedia.com/articles/forex...marketmaker.asp
jack2
post Mar 19 2017, 01:53 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
I don't care it is public listed or non public listed or small nuts companies, who can offer competitive spreads, I will go for it.

As you can save a lot from there.

Also, sometimes a small difference would make your account SL or can't hit TP because of few points differences.
fairylord
post Mar 19 2017, 02:01 PM

tag [@fairylord]
*******
Senior Member
2,012 posts

Joined: Dec 2007
From: Fairytale
QUOTE(MNet @ Mar 19 2017, 12:54 PM)
u can check here the different between swissquote market maker vs pepperstone ecn

http://www.investopedia.com/articles/forex...marketmaker.asp
*
Thanks
fairylord
post Mar 19 2017, 02:02 PM

tag [@fairylord]
*******
Senior Member
2,012 posts

Joined: Dec 2007
From: Fairytale
QUOTE(MNet @ Mar 19 2017, 12:54 PM)
u can check here the different between swissquote market maker vs pepperstone ecn

http://www.investopedia.com/articles/forex...marketmaker.asp
*
Thanks
SUSMNet
post Mar 19 2017, 02:13 PM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(DrFX @ Mar 19 2017, 03:45 AM)
Hi MNet,

We are curious which broker are you comparing with. A friendly reminder, this thread is about encourage trading/invest with genuine brokers and warnings against SCAM FX.

We would suggest you to state which broker are you comparing with including the broker/bank license, investors protection, any introducing broker, platform, any additional facilities, public listed company or not etc.

In our opinion, we think it will be fair if you compare a big broker/bank with another big broker/bank. We shouldn't compare APPLE IPHONE with XIAOMI. If you like to use XIAOMI, you shouldn't complaint Apple Iphone is very expensive just because of the price. Apple Iphone lovers look for better quality, branding, user friendly and greater functionality.

We hope you understand what we are trying to point out here.
*
Leverage is too less 1:100.

TSDrFX
post Mar 19 2017, 03:43 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(fairylord @ Mar 19 2017, 12:01 PM)
Hi,

How about instaforex? They even have support centre in most of the states of malaysia.

Thanks in advance for advice. Is this mean its genuine and legal by malaysia law?
*
Hi fairylord,

Do not trade with instaforex if you can. It doesnt carry good license nor giving any investors protection.

instaforex is one of the bad market makers who gave away 100% of their spreads rebate to IB and purely make money from losing clients money.
TSDrFX
post Mar 19 2017, 04:16 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(MNet @ Mar 19 2017, 11:35 AM)
I doesn't matter whether its public listed company or not.
https://www.fxempire.com/brokers/swissquote/review
swissquote is a market marker.
*
Hi MNet,

Let us point you to the right direction and the correct your view of the entire FX brokerage markets.

We have the same thought as troller2. We thought you are very experienced, guess you were mislead by FX brokers marketing.

First of all, we never surprise Swissquote Bank is a market maker as a Bank and being a market maker is no big deal since 99% of the bank/brokers in the market are market makers.

As a market maker, as long as the bank/brokers do not purposely lose the traders/investors money by hanky panky plugin, it is completely fine. This is where the top licenses take place to make sure the brokers/banks comply to the rules and regulations. ALL Banks/brokers have the right to take in whichever trades they feel against their direction and pass the other trades to bigger banks unless they have huge volumes and balanced books.

Here is the right question: WHICH BIG BROKERS/BANKS ARE NOT MARKET MAKER? NONE!

Oh well, Pepperstone, if you don't mind, we would like to give a fair review on the broker. IT IS NOT A REAL ECN broker. Do not trust any brokers when they said they are 100% ECN or STP. Come on, the only way for them to make good money as a broker is B book (market maker). It is like a fairy tale when you think a broker is a STP/ECN broker.

Pepperstone is good in term of tight spreads, and bear in mind, we are not saying it is a bad broker. Google "Pepperstone complaints", you will find plenty of them. Not only Pepperstone, but almost every brokers.

http://www.forexpeacearmy.com/forex-review...pepperstone.com

We did have our real experiences trading with Pepperstone through one of our FX Strategist who tested scalping and short term trading on Pepperstone platform, eventually Pepperstone widen the spreads after the trader make good profits for a few months. So what does this tell you?

Both Swissquote Bank and Pepperstone are good brokers with their unique competitive advantage.

Thank you for reading.

This post has been edited by DrFX: Mar 20 2017, 12:31 AM
TSDrFX
post Mar 19 2017, 04:19 PM

Regular
******
Senior Member
1,071 posts

Joined: Nov 2015
QUOTE(MNet @ Mar 19 2017, 02:13 PM)
Leverage is too less 1:100.
*
1:100 is industry standard. It is fairly accepted and better for risk management. The only disadvantage is for those trading with very small capital.
ScamPonziBuster
post Mar 19 2017, 04:22 PM

New Member
*
Newbie
2 posts

Joined: Mar 2017
IGOFX url for reading... SCAM or NOT, you see yourself. (its in chinese, need translation)

http://mp.weixin.qq.com/s/PWLbqytrEA_EAz1TkgP9ig



263 Pages « < 28 29 30 31 32 > » Top
 

Change to:
| Lo-Fi Version
0.0231sec    0.26    6 queries    GZIP Disabled
Time is now: 29th November 2025 - 06:54 AM