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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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TSDrFX
post Apr 1 2017, 04:13 PM

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QUOTE(MNet @ Mar 30 2017, 08:17 PM)
Who pressure u?
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The Indonesia based broker on our list.
poilamixus
post Apr 1 2017, 04:44 PM

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Anyone know bout this Eric Ong?
kjlow88
post Apr 1 2017, 06:52 PM

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Hello guys..

Anyone heard about Pollywood ?
SUShighlowyat
post Apr 1 2017, 06:53 PM

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QUOTE(poilamixus @ Apr 1 2017, 04:44 PM)
» Click to show Spoiler - click again to hide... «


Anyone know bout this Eric Ong?
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He brag about USD60k profit in 6 months? Its just 60% in 6 months (10% per month profit)
jack2 and auntie MNet can do much better than him. JJPTR offer 20% a month

Owh by the way, New York City Capital at MQL5 make 4031% in 2 years for USD30/month

This post has been edited by highlowyat: Apr 1 2017, 06:58 PM
jack2
post Apr 1 2017, 07:31 PM

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QUOTE(highlowyat @ Apr 1 2017, 06:53 PM)
He brag about USD60k profit in 6 months? Its just 60% in 6 months (10% per month profit)
jack2 and auntie MNet can do much better than him. JJPTR offer 20% a month

Owh by the way, New York City Capital at MQL5 make 4031% in 2 years for USD30/month
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No, aunty Mnet can offer better as she always seems for new investment.

I have recently moved to Richway who offers 30%... Hehe
wss81
post Apr 1 2017, 08:34 PM

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QUOTE(DrFX @ Apr 1 2017, 04:04 PM)
It's a scam, don't think so much. One would not sell their EA if it is so profitable. Any tight spreads or zero spread should come with trading commission unless you are trading with UBS, DB, JP Morgan, etc. HFT does not work on such retail platform.

http://mt5fxrobot.com/
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So top regulated broker can also be scam broker

Will take note

Thanks for the info
SUSMNet
post Apr 1 2017, 08:54 PM

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QUOTE(poilamixus @ Apr 1 2017, 04:44 PM)
user posted image

Anyone know bout this Eric Ong?
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Its cent account.
poilamixus
post Apr 1 2017, 11:54 PM

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QUOTE(MNet @ Apr 1 2017, 08:54 PM)
Its cent account.
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Is it good or bad ? Sorry newbie here
TSDrFX
post Apr 2 2017, 09:48 AM

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QUOTE(wss81 @ Apr 1 2017, 08:34 PM)
So top regulated broker can also be scam broker

Will take note

Thanks for the info
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Are you talking bout FxGiants? It's not a top broker. It's an unknown broker owned by 3rd party license holder. You hardly see genuine U.K. Brokers offer high deposit bonus.

Beware of cloned broker as well.

This post has been edited by DrFX: Apr 2 2017, 09:54 AM
SUSMNet
post Apr 2 2017, 09:50 AM

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QUOTE(poilamixus @ Apr 1 2017, 11:54 PM)
Is it good or bad ? Sorry newbie here
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its bad.
TSDrFX
post Apr 2 2017, 10:03 AM

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QUOTE(poilamixus @ Apr 1 2017, 04:44 PM)
user posted image

Anyone know bout this Eric Ong?
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6 months performance records are too short to justify his trading skill. Many struggle to maintain good trading performance for long run. Look for those with 2-4 years trading track records.

His account is trading with Tradesto. A Malaysian owned broker that used to be unregulated. Check the account is under Vanuatu license or ASIC license. Some brokers like to confuse investors by showing manipulated accounts trading with Vanuatu but promoting themselves as ASIC broker.
duplicated
post Apr 2 2017, 11:20 AM

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QUOTE(poilamixus @ Apr 1 2017, 11:54 PM)
Is it good or bad ? Sorry newbie here
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QUOTE(MNet @ Apr 2 2017, 09:50 AM)
its bad.
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A cent account is not a bad account. A cent account allows you to trade in a smaller amount as compared to the standard account.
wss81
post Apr 2 2017, 12:31 PM

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QUOTE(DrFX @ Apr 2 2017, 09:48 AM)
Are you talking bout FxGiants? It's not a top broker. It's an unknown broker owned by 3rd party license holder. You hardly see genuine U.K. Brokers offer high deposit bonus.

Beware of cloned broker as well.
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Yes i talking about fxgiants

Will take note

Still alot of things for me to learn
SUSMNet
post Apr 2 2017, 04:25 PM

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if he is confident he wont use cent acc. so cheapskate.
TSDrFX
post Apr 2 2017, 05:24 PM

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QUOTE(MNet @ Apr 2 2017, 04:25 PM)
if he is confident he wont use cent acc. so cheapskate.
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Exactly. laugh.gif
old_and_slow
post Apr 2 2017, 09:24 PM

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lol summore trading $100k using mt4 platform? seems amateur mistake to me. at least he must use direct liquidity provider brokers.
duplicated
post Apr 3 2017, 02:29 AM

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QUOTE(MNet @ Apr 2 2017, 04:25 PM)
if he is confident he wont use cent acc. so cheapskate.
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I have to agree on you with this because I see no reason for him to use a cent account.
SUShighlowyat
post Apr 3 2017, 11:17 PM

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QUOTE(duplicated @ Apr 3 2017, 02:29 AM)
I have to agree on you with this because I see no reason for him to use a cent account.
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he open cent account only to publish his signal
even if i have 100k i wont put it in forex broker.. too much risk
duplicated
post Apr 4 2017, 01:25 PM

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QUOTE(highlowyat @ Apr 3 2017, 11:17 PM)
he open cent account only to publish his signal
even if i have 100k i wont put it in forex broker.. too much risk
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Acceptable explanation.
SUShighlowyat
post Apr 4 2017, 11:49 PM

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QUOTE(duplicated @ Apr 4 2017, 01:25 PM)
Acceptable explanation.
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If i have 100k ill split it into 100 account (100 signals).. 1k per account
diversified
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