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

Drpandaipandai,

Obviously you're the one who did not google? Try google "SFX Market Scam" and see what are the results. FYI, forexpeacearmy gave 4 out of 5 ratings. I really wonder where is your source. Dude, im willing to accept if there is solid proof but what you have been saying is purely fabrication like our BN politician. Can you provide the source and verify it before sharing or judging?

FYI, you do not need to go through broker to manipulate trading statements! Simple photoshop will do OMG!

Please, can you show me any proof? Up until now, you have not show any solid proof but directly making statement here as if u are REALLY Drfx.

Again, do you understand why some PAMM disallow investors to view live account? I bet you do not know but just yelling yada yada it's a scam.


Anyway DrFx, this is not personal. I acted this way because i did nights of research on brokerage firms before i put money in them. So what you did was like throwing dog shit into my face. Really, i tried google, nothing much came up. Of course there will be some people who would scold scams for eveyr god dam broker because thye lose money but that doesnt means these brokers are scam right.

IMO, if i were to analyse SFX Markets, i would label them as potential scam. Advise traders to invest and trade at their own risk.

Let's put down the ego and angst and try to review this fairly. I'd be glad if you can also research on the slippage and also spread for each brokers and account type.

This post has been edited by dreamyboy: Apr 10 2017, 11:52 AM

Boyboy,

Play at your own risk.

It's up to you to believe. We don't take your money. If you talk about EGO, then you should ask yourself. Know nuts about FX and come over here to challenge everyone like a newbie. Proof will never satisfied you, please enjoy yourself.

Good luck boyboy.

*edited, it appears XM was being targeted by competitor.

check out this news: https://www.financemagnates.com/forex/broke...se-police-raid/


This post has been edited by Gravity: Apr 11 2017, 10:43 AM

Drfx, why is it so hard to help sharing some of the info that you've found?

Proof never satisfy me? TRY ME? Let's see whether you can find anything spending hours of googling!

What you did here was purely your OPINION with 0 substance and evidences!

If i know nut about forex, why would i know these information?

hi there... i'm interested to open an account with SFX. May i know how is the spread, slippage and execution? Withdrawal any issue?

You sound like an experienced trader. Keep it up!

Hi there, SFX ecn pro spread is for EUR/USD is from 0.1 to 0.4 and commission is 0.6 so total up it will be in the range of 0.7 to 1.2 variable. Connection to server, for me around 200+ms hence it is pretty standard. Slippage is rare but it will sometime happens during high volatility period. I think the plus point about SFX is their trade leader pro. It is pretty smooth if you are money manager.


Funding and withdrawal are quite smooth. SFX uses epayments which is a UK based digital wallet. If you are doing large funding, the account manager is helpful too.

In overall, i think trading environment is ok.

However, i will recommend you for another broker if you want better trading condition The spread is even more competitive than SFX (lower commission). So far i think this is one of the best trading environment in terms of broker. It is FCA regulated as well (plus point as Drfx said). Pm me if you're interest to know more.

Hi, I'm new to forex. My friend introduce mxcforex and also ECM. Is it safe?

Hi auntie Ann, mxc forex is a relatively small broker and so in ecm. I can bet both are Malaysian owner. Did some research on market traffic to their website, over 50% traffic from Malaysia even though volume is low.

Ecm has fixed spread.. Meaning they are dd. Better avoid cause you dunno when they will trade against u..

I haven't got time to look into mxcforex though.

If u talk about regulation, well both are rather weak.

So if it's weak regulation, high spread and dealing desk.. I don't see any point of opening account there unless they have like good traders trading for you or they are doing fund management.

If they do, please make sure they provide liquid provider report to ensure all trades are into market and not b book by them.

Hi AuntieAnne,

MX Capital Corporation (23208 IBC 2016) is a registered international business company in Saint Vincent and the Grenadines.

ECM Group Limited (License Number : 14747)
Law Partners House, Kumul Highway, Port Vila Vanuatu

Both companies have no investors protection with unregulated offshore company and a toilet paper license from Vanuatu. These kind of setup are getting common among scammers. Cheap offshore setup with local bank account opening allow them to escape from any regulators in the world on their scam activities.

AVOID THEM AT ALL COST!

why there no more updates from ur trading?
http://www.myfxbook.com/members/mryellow/greenpip/1929746