Hi DrFX,

Thanks for your reply. Your review is much appreciated. I have google on fraud and scam. There are tons of bad reviews and comments about them. But I can't be sure of it.

Basically, Questra World is the company that does the recruitment and Atlantic Global Asset Management (A.G.A.M.) is the company that does the investment. AGAM manages the sale and purchase of loan commitments, including the shares of companies initially investing their securities on the stock exchange (IPO) , And also conducts foreign investment, corporate refinancing and financial factoring.

The A.G.A.M. Is registered in the country of the president of the company, Antonino Robalo, in the Republic of Cape Verde, located in the central part of the Atlantic Ocean, west of Senegal.

http://questraholdings.com
https://atlanticgam.es


QUESTRA Affiliate Compensation Plan
https://www.youtube.com/watch?v=tTEYENMLqhE

Indeed, it sounds like scam or ponzi scheme with upfront commission payment and unknown offshore license.

Anyone heard of about Ethrade investment?

Before it go boom.

After IronFX, now XM's turn

http://financefeeds.com/exclusive-xm-one-c...-customers-ibs/

Sorry TS, i think you dont really understand how FX Regulations work?

I've seen in the list some small brokers are listed as scam there such as SFX-Markets.

I have a trading account there and an INVEST account there. So far so good, no problem with Withdrawals and no problem with trades. Their customer service is alright too.

It's not like what you said "SFX Market has scammed a lot of people money"???? It is not very good bad mouthing and make baseless accusations.

Look at what happened with XM? They are CYSEC Regulated, tier 1 license and yet still have problems like this.

Look at FXCM? even in the US they are able to trade against client via LP.

So are you not going to list FXCM as scam broker too?

I think TS is not very professional in this manner. I have over 10 years of fx experience, i can say that weak regulation does not necessary means scam. Strong regulation does not necessary means safe! If you want to be safe, put your money in Swiss banks brokers. Those are generally safer than the rest, but dont expect a good spreads.

This post has been edited by dreamyboy: Apr 8 2017, 01:19 PM

I have to correct some facts.
1. CySec is not a tier 1 regulator. It is one of the worst.
2. Trading against the client or market making is not wrong.
3. Swiss brokers like Dukascopy offers low spreads. Better than other 'scam' (as listed) brokers. Some spreads are as low as 0.1 pips, or even zero or negative spreads.

This post has been edited by duplicated: Apr 8 2017, 01:41 PM

Thanks cysec I meant tier 2. It was typo. Because it is under European mifid.

Market making is not wrong but you need to have higher reserve fund. Look at how Fxcm exited US MArket and got their license revoke?

Dukascopy has good spread but you need to use their own platform which is not so user friendly (for some outdated traders like me )

This post has been edited by dreamyboy: Apr 8 2017, 05:42 PM

Hi boy,

Big brokers like FXCM got their license revoke from US NFA does not represent SFX Market is doing legitimate business. If any wrong doing, the top regulated brokers will face the consequences being fined or revoke. What about SFX Markets? FREE to do anything without being fined and escape from facing any charges right? You see the different?

Boy, can withdraw or no problem with trades does not mean it is not scam. You have so much to learn. By the way, how do you know there is no problem with trades?

Ok let's not go into the details on the back end operation. Let's refer to your statement that sfx has scammed a lot people? Any proof?

Hi wta if one day gov find these company are illegal and go after them, what would happen to the people who invested money in them? Also prosecuted?

Hi dreamboy,

Please do your own research by google SFX Markets SCAM or FXMAC SCAM. You will find what you are looking for.

By the way, you did not answer any of our questions.

Since you insist, yes regulation do help to certain extend. But if the scammer wants to scam your money, what can regulators do? In broker, easily they could manipulate charts, dd with your trades, and run away with your money? DO TAKE NOTE THAT the registrants could have been employed hired by the scammer?

Regulations do give you some comfort to certain extend. But I can see ultimately if a broker wanna run away with your money, there's nothing you can do.

I have searched the website before I put my money there, I can't see many bad reviews though? Have you check your source before. For your information, sfx markets have fix api platform which is none mt4.

So I'm sure you know a lot of people who got scammed by sfx market? If not why did u say that? Can you honestly reply that? Cause I can see you just pass the burden of proof back to me? Is it that hard to show me proof that people complained that their money got cheated on sfx market?

i think to be fair, u should put sfx market as potential rather than grouping it to the list with other scams like fxunited.

Looks who's talking? Read through the replies Mr smarty. Rather than saying someone is bodoh, why don't you read it yourself. Or do you want me to quote?

Fxcm ended up paying a lot penalty but they can with public money.. You do know they were lists and share price was over 100 dollars before? How much money have they scam? Not only from traders but also investors..

Do you research first bodoh. Btw I have funds in multiple broker. As a smart trader, you diversify into different brokers.

Maybe you don't know about this smarty.

Hi boyboy,

To certain extend, you know a bit here and there. If we were you, we wouldn't come here and show how "pro" are you. You make yourself looked bad.

Do you have any idea what's the procedures, requirements, rules and regulations, cost to obtain the license and run as a top regulated brokers? No, that's the answer we got from your post. Registrants employed by scammer? This is funny, you think all countries also BOLEH like Malaysia?

Big brokers need more than USD10mil of capital deposit locked with the bank before they can start the business, background check on directors, only those with certain requirements (certificate, experiences and clean background) can be there, not tom dick and harry can be top regulated brokers director ya, boyboy. Operation cost can also a boom where they will set a certain requirements of qualified staffs, departments, office etc. The monthly cost can easily over USD100k-200k a month. Certainly they can't put their parents name as their staff and home address/virtual office as their operation office like those scammers did. A certified auditor must be appoint before they start the business and regular audit are required. Any complaints from clients with the regulator will also cost them to settle or even facing potential huge fine. Beside, it take 6 months to a year to obtain top regulator licenses approval.

So does it sounds different from those FX scammers who spent few thousand USD to setup an offshore company which ready within weeks?

Fix API is a setup where traders can connect their own platforms to the brokers platform and send trades directly without trading on the brokers platform. It's nothing special, almost all big brokers come with API setup if required.

SFX Markets has scammed many foreign investors through different IB or partners like FXMAC. So we won't simply put them on the list without doing our DD and we will not entertain you for showing proof. Please play at your own risk and do come back to post your testimonial after you have been scammed. Although normally many will just hide somewhere after being scammed.

And 1 thing no doubt, we agreed with you on SWISS bank/brokers are good.

This post has been edited by DrFX: Apr 9 2017, 03:09 PM

Sorry drfx if u think I'm trying to show off my knowledge? For your information I do know what is the process of applying these licenses?

It doesn't take a genius to use google and search for all these Information. I did my fair bit of study myself.

And FYI, if u are talking about Japanese sc license, Germany, Swiss, Mas, yes then it's tough to get. But fca license? It's actually not too hard. Have u check on how much paid up capital of most fca license holder?

Maybe you didn't study in dept enough?

If you're making a statement, then the burden of proof is on you. I did a lengthy analysis and questioning on sfx representative and so far got all the information right hence I put some money there and trade. As for you who just judged based on regulation, I feel you are not giving sfx a fair chance here. That makes me comment here and question your professionalism.

This post has been edited by dreamyboy: Apr 9 2017, 03:48 PM

Well Then try ask SFX Markets get UK FCA license, since it's not too hard like you mentioned. They can't even get Australia ASIC license or Cyprus license.

You mean we should give SFX Market a chance to SCAM in Malaysia? No way, thank you. Try harder, dreamyboy.

do you know that fca license do not allow pamm and mamm? Do you know if u are fca license there will be a lot of business restriction. There are pro and cons to different regulations. If your busienss is promoting copy trading or social trading, do you know which license allow that?

That's why small regulation doesn't mean it is definitely a scam. Look at tickmill, they have fca and seychelle.. And they just obtained their fca license. Are u saying they were scam? Then once they get fca they become non scam? Wow?
And btw, for tickmill mam services or ib rebates, u can only do it under seychelle.

I guess you don't know about it. Try to do the busienss, or at least open a few accounts in different brokers before judging. If you feel sfx is a scam, try open and put 500 usd and test their trading environment. Then you evaluate. If you can't even afford to do that, don't try to act God and a judge. Such embarrassment to call yourself drfx.

Also, you are being contradictory. You mentioned that few big brokers have fixed api platform like sfx. Why sfx being such a small platform has fixed api? They could choose not to offer much right. Reasoning bro reasoning.

This post has been edited by dreamyboy: Apr 9 2017, 08:19 PM

Ok apologies accepted.

I'm not here to pandai pandai bro. I'm just trying to challenge drfx statement. Because what I conclude from his studies is, as long as you're not regulated by top tier regulations = scam.

In actual fact, it's not right. Every business started small. Being regulated by offshore country is still better than none regulated. You can be regulated by st Vincent, Vanuatu, seychelle, panama, belize etc and still not scamming people money. Meanwhile, even if you're listed, regulated by nfa or cysec or even fca, you could be scamming too.

Also drfx, how is fxmac scamming through sfx market? In their website they are using pepperstone, and couple of other well known brokers, aren't they scamming too?

And if u talk about white label, do you know how it works? What type of white label are they using? Their entire backend? Bridge? Or just sharing the god dam aggregator..

Let's assume sfx provides them the IT solution. And fxmac scams people, does that makes the former a scammer? Again drfx, please provide information. This will help to educate more people as well.

This post has been edited by dreamyboy: Apr 10 2017, 12:41 AM

boyboy,

You not pandai pandai, but act pandai.

There are so much offshore and unregulated brokers in the market, why we did not list all of them under SCAM FX? Dude, you very much sounds like IB or agent of SFX Market. Do not assume if you can't accept the fact that SFX Market is a scam.

Obviously you did not google SFX Market SCAM or FXMAC SCAM.

Boyboy, we are not talking about white label. FXMAC are using SFX Market as their broker and promote their manipulated trading statements to attract innocent investors. Somehow you will find that both SFX Market and FXMAC are abang adik. Their portfolios making profits for the investors at the beginning, but end up burn the clients accounts. You will find they did this again and again through different partners. Whenever they loss clients money, immediately they will remove those portfolios from FXMAC web site and replace with new manipulated performance with good but fake profits to lure new investors again.

Please check their performance statements, there is no long trading records under regulated brokers, majority "good" performance records are from SFX Market.

This post has been edited by DrFX: Apr 10 2017, 04:43 AM