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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 Oct 25 2020, 01:49 AM

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QUOTE(Xanapammm @ Oct 25 2020, 01:29 AM)
Is eaglefx legit? Sorry if this question has been asked
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It's an unregulated broker. Stay away!
TSDrFX
post Oct 26 2020, 04:53 PM

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QUOTE(AliG @ Oct 26 2020, 04:44 PM)
ya, I 'm not investor in this. This account with investor password was given in their Telegram channel few months ago.

I think TriumphFX is also using PAMM, somehow this login can still be used to see one of their account after many years:
Login 822168
Password: tyson168
Server: TriumpFX-live
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This is TriumphFX "cheating marketing strategy" by creating huge MAM, fake accounts deposit and withdrawal everyday as well as fake trades. They never stop using this strategy since it works on freshie.
TSDrFX
post Oct 31 2020, 04:12 AM

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QUOTE(ansonzkoh9696 @ Oct 30 2020, 11:46 PM)
hi... May I know any sifus here know about fdx capital?
izzit a genuine trading platform?
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It's on SCAM Forex platform list.

102. FDX Capital (fdxcap.com)
TSDrFX
post Nov 1 2020, 12:39 AM

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QUOTE(ansonzkoh9696 @ Oct 31 2020, 11:25 PM)
may I knw how you determine this is a scam sifu?
I'm a newbie in that platform...
just want more info so that I can justified whether to stop.
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Read through the first page and tell us why do you think it is a scam or not a scam. Then we see how much you comprehend.

It's your own money. You need to learn, we cant just spoon-feed you.

This post has been edited by DrFX: Nov 1 2020, 12:44 AM
TSDrFX
post Nov 1 2020, 06:35 PM

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QUOTE(lowya @ Oct 30 2020, 08:13 PM)
which is a good combo to use on tradingview?

1. broker: FXCM, Oanda or others?
2. funding bank: Maybank, pbb.

in terms of funding and withdrawal? Is it worth to go for fxcm for free tradingview pro?
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These brokers are classic top brokers.
TSDrFX
post Nov 16 2020, 09:20 PM

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QUOTE(kokanchai @ Nov 16 2020, 04:39 PM)
Anyone encounter this grex capital limited this company?
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Never heard of. Must be new. What do they offer?
TSDrFX
post Nov 16 2020, 09:23 PM

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QUOTE(AliG @ Nov 16 2020, 08:28 PM)
LibronixFX moving again?? First was VantageFX, then was MexGroup, and now they're moving to USGFX??

I spoke to one account manager in MexGroup, looks like they're no longer offering PAMM. They can only do MAM now.. maybe that's the reason that caused the move.

PAMM is more susceptible to fraud because clients cannot see the real situation of their accounts.
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Not every PAMM system hide open trades. There are some PAMM system offer real time access to view open trades and statements via web report.
TSDrFX
post Nov 17 2020, 12:57 AM

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QUOTE(lllllllll @ Nov 17 2020, 12:51 AM)
Nope, never brought up in his posts.
Only sharing the good profits, earning daily.
Using reverse psychology asking all not to join as he profits more if you don't join.
But sounds like despo in need for more to join.

only thing closest I could try to find is this logo as it was shared in post on success trades and interest earn
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Most likely are scam. Unknown platform 99% are scam.
TSDrFX
post Nov 23 2020, 08:50 PM

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QUOTE(wykl @ Nov 23 2020, 05:36 AM)
She just started a few weeks ago, she mentioned that her friend is getting back the money after invested RM50,000+ and now earning back at least RM4000++ a month.

She also tell me that she can withdraw the money of RM500+ instantly if she want but she haven't do so yet as she told me that the more she invests, the more she gets in return in future.
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We sense the greedy devil is working on their magic. devil.gif It's the trap that they want you to keep reinvest or top up.

When it sounds too good to be true, then it is definitely not true.
TSDrFX
post Nov 24 2020, 12:36 AM

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QUOTE(wykl @ Nov 23 2020, 05:36 AM)
She just started a few weeks ago, she mentioned that her friend is getting back the money after invested RM50,000+ and now earning back at least RM4000++ a month.

She also tell me that she can withdraw the money of RM500+ instantly if she want but she haven't do so yet as she told me that the more she invests, the more she gets in return in future.
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user posted image

Perhaps this may give you an idea how CP Markets cheat with the cheapest license from Czech Republic. Similar to MIA, they got a small payment service license, not FX license, not investment license.

CP Markets also has NO VALID NFA license, another misleading cover up by WikiFX who got paid by CP Markets.

Whenever there are no valid license, mean they can cheat and scam as they like. The returns are ilussion, it's from your own money. The trades are fake, there is no real trades behind.
TSDrFX
post Nov 24 2020, 08:11 PM

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QUOTE(wykl @ Nov 24 2020, 03:37 PM)
What is small scale payment service means ya?
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Provide payment services specified in its registration as a Small-scale payment service provider.
To carry out activities related to the provision of payment services specified in its registration with the Small-scale payment service provider, including the provision of loans under certain conditions.
Provide payment systems, with the exception of a payment system with an irrevocable payment system.
TSDrFX
post Nov 27 2020, 07:00 PM

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QUOTE(AliG @ Nov 27 2020, 05:37 PM)
Anyone has any experience with Hantec?? It has 9.08 rating on wikifx.  But I don't see it on drfx list of genuine and scam brokers.

user posted image
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Hantec is a classic FX broker. It's a genuine broker.
TSDrFX
post Nov 30 2020, 03:40 PM

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QUOTE(power_puff88 @ Nov 30 2020, 09:32 AM)
Hello, newbie here. Just want to know where I can read the thread that proves Sentratama (Janis Urste) is a scam? Has anyone reported being scammed by Janis before?
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Lucky you know that you are newbie. The questions you asked are normally from newbie.

SCAMMER is not identify by someone reported being scammed. That's too late.
TSDrFX
post Dec 1 2020, 02:34 AM

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QUOTE(Wongchaulok @ Dec 1 2020, 12:28 AM)
Please add one more into the scam list which is VTFX aka victory trade international( algo trade) which is a copy of Genesis business group aka Gold tinkle which scams many people
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Added to SCAM list. We appreciated your valuable input.


TSDrFX
post Dec 1 2020, 07:23 PM

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QUOTE(WQLau @ Dec 1 2020, 05:26 PM)
26. 11. 2020
Notice about the activities of COOPER MARKETS s.r.o.
The Czech National Bank wishes to warn the public that COOPER MARKETS s.r.o., company ID number 03441067, which is offering the possibility of trading in financial derivatives via the CP Markets platform on its website https://web.coopermarkets.com/, holds no authorisation to provide investment services or any other financial market services in the Czech Republic, and its activities are not supervised by the Czech National Bank.

Investment in its products is not subject to statutory insurance.

The lists of regulated and registered entities are published on the Czech National Bank’s website.

https://www.cnb.cz/en/supervision-financial...MARKETS-s.r.o./ knock.gif knock.gif knock.gif
TSDrFX
post Dec 2 2020, 03:26 AM

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QUOTE(AliG @ Dec 2 2020, 02:53 AM)
I don't think you will find anyone who had been scammed by Sentratama (yet). I know many of my ex-colleagues (from Shell Malaysia) who have been letting Janis Urste trade their accounts for more than 6 years, and they have been very happy. Granted, nobody knows the future. Just because they have not been scammed doesn't mean they won't be.  But at least, when I checked the trade history from one of my ex-colleagues who has accounts with Sentratama, I didn't see any dodgy things like I saw in OlympusFX and SamtradeFX (where buy price and sell price are both outside of candles!). Also, Sentratama offers leverage of 50 only - definitely not attractive to anyone who are used to trade with 500 leverage.
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We have tested fake manipulated trades all over Sentratama investors' account. This fellow is just an actor. No real Myfxbook found for 6 years? Smart!

This post has been edited by DrFX: Dec 2 2020, 04:02 AM
TSDrFX
post Dec 2 2020, 09:08 PM

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QUOTE(AliG @ Dec 2 2020, 03:07 PM)
Please give examples. I have access to investor account and I haven't seen anything dodgy.

Here is one I found from myfxbook

user posted image
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Hi AliG,

Please DO NOT mislead the members of this forum with incorrect information.

Sentratama is definitely a SCAM FX doing fake manipulated trading. Please open your eyes and learn.
https://www.myfxbook.com/members/95bcwh/elite-500/2648952

You have the scammer MYFXBOOK, that's very helpful. Learn how to study the SCAM FX myfxbook. It's very easy to identify.

This post has been edited by DrFX: Dec 2 2020, 09:09 PM
TSDrFX
post Dec 3 2020, 04:21 AM

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QUOTE(AliG @ Dec 3 2020, 04:09 AM)
There is no need to be so defensive, when someone present a view that contradict yours. I was asking for proof, you said you have tested many fake trades on sentratama account but you have shown none. And then when you resort to your typical style of belittling others who disagree with you.

you have the link to myfxbook, instead of telling me to open my eye and learn, which is effectly saying nothing, why don't you point out exactly, how you can tell so EASILY this is a fake myfxbook? Just because he trades with less than 2% DD, so it must be faked?
https://www.myfxbook.com/members/95bcwh/elite-500/2648952

Btw I have seen him trading with -8.8% drawdown. Does that make him more legit?

And you don't see an equity line on myfxbook chart, that is because myfxbook plot ONE POINT PER DAY, and he opened and closed each trade within the same day, he doesn't hold trades overnight. So it is impossible to see a separation of equity line vs balance line on myfxbook chart. You will only see a separation between the two lines when a trade is held over night, and equity today is different from equity yesterday, while the balance remain the same on both day.

I can understand all the rest of the arguments against Sentratama - indonesian broker - sounds dodgy by default. BTW, He also traded with UW Global, a broker registered in Labuan, Malaysia.

These are two recent trades he took, how can you tell from the charts that these trades were fraudulents?
Winner
user posted image
Loser
user posted image

Again, I have no account with Sentratama, I visited this page to discuss scam broker, if there are solid proof that Janis Urste is a fraud, I am dying to know, so I can tell all my friends to pull out IMMEDIATELY. But honestly, I am a bit disappointed with the attitude here. I know this post will not be received well, and I can predict what's going to happen next, more names calling coming my way (without offerring any proof that can actually stand in court).
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Good news for you, UW Global is owned by the owner of Sentratama. You dont know? Labuan is tier 3 license, same to Indonesia. Do your own due diligence! You need to learn, dont be naive, kid! If you try to challenge and defend a FX SCAM, you need to take it. We are here to defend everyone from scammers. So when you are on scammer side and trying to challenge us, you make yourself looks stupid. We are doing this for FREE. Many came to challenge us but end up hide and cry. Perhaps you should give some testimonial when Sentratama burned all investors money. Soon, very soon.

Proof? We are the proof. We never wrong. It's proven one after another. Attitude? Do you think people will treat you nicely if you defend a raper or thieve?

Are you checking all trades? If no, don't show us the chart. It's idiot to check only 2 trades. They can easily mixed manipulated trades with some real trades to make it looked real.

This post has been edited by DrFX: Dec 3 2020, 04:23 AM
TSDrFX
post Dec 3 2020, 09:27 PM

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QUOTE(I'm V-Kool @ Dec 3 2020, 08:44 PM)
Anyone using IAL Forex Broker ?

https://ial.group/
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Stay away! It's an unregulated broker.
TSDrFX
post Dec 13 2020, 02:39 PM

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SCAMMED Victims should report to police immediately.

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