Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
dreamyboy
post Apr 10 2017, 11:47 AM

New Member
*
Junior Member
40 posts

Joined: Sep 2009
QUOTE(DrFX @ Apr 10 2017, 04:42 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.  notworthy.gif

Please check their performance statements, there is no long trading records under regulated brokers, majority "good" performance records are from SFX Market.
*
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
TSDrFX
post Apr 10 2017, 11:28 PM

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

Joined: Nov 2015
QUOTE(dreamyboy @ Apr 10 2017, 11:47 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.
*
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.
Gravity
post Apr 11 2017, 10:27 AM

Enthusiast
*****
Senior Member
998 posts

Joined: Jul 2005


QUOTE(DrFX @ Apr 10 2017, 11:28 PM)
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
dreamyboy
post Apr 11 2017, 10:34 AM

New Member
*
Junior Member
40 posts

Joined: Sep 2009
QUOTE(DrFX @ Apr 10 2017, 11:28 PM)
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.
*
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?
rachel9966
post Apr 11 2017, 11:06 AM

Getting Started
**
Junior Member
200 posts

Joined: Feb 2009


QUOTE(dreamyboy @ Apr 10 2017, 11:47 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.
*
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! thumbsup.gif
dreamyboy
post Apr 11 2017, 11:29 AM

New Member
*
Junior Member
40 posts

Joined: Sep 2009
QUOTE(rachel9966 @ Apr 11 2017, 11:06 AM)
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!  thumbsup.gif
*
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 wink.gif 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. icon_rolleyes.gif
AuntieAnne
post Apr 11 2017, 04:10 PM

New Member
*
Newbie
1 posts

Joined: Apr 2017


Hi, I'm new to forex. My friend introduce mxcforex and also ECM. Is it safe?
dreamyboy
post Apr 11 2017, 08:46 PM

New Member
*
Junior Member
40 posts

Joined: Sep 2009
QUOTE(AuntieAnne @ Apr 11 2017, 04:10 PM)
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.
TSDrFX
post Apr 13 2017, 03:04 AM

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

Joined: Nov 2015
QUOTE(AuntieAnne @ Apr 11 2017, 04:10 PM)
Hi, I'm new to forex. My friend introduce mxcforex and also ECM. Is it safe?
*
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!
SUSMNet
post Apr 19 2017, 08:20 PM

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

Joined: May 2007



QUOTE(greenpips @ Mar 11 2017, 02:45 PM)
Why you replied him pretty fast? Your 3rd account?
*
why there no more updates from ur trading?
http://www.myfxbook.com/members/mryellow/greenpip/1929746
TSDrFX
post Apr 20 2017, 09:00 PM

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

Joined: Nov 2015
We have moved "Sentratama Investor Future" back to scam list. Based on the investigation report, it showed that they are manipulating the trades opening price, credit to jack2. thumbup.gif

Beside, they are holding a license under the name of Sentratama Investor Berjangka, not Sentratama Investor Future. By law, it should be under the same name, Jackie Chan is Jackie Chan, he is not Jacky Cheung. cool2.gif
Macau
post Apr 20 2017, 10:22 PM

Getting Started
**
Junior Member
115 posts

Joined: Aug 2015


QUOTE(MNet @ Apr 19 2017, 08:20 PM)
why there no more updates from ur trading?
http://www.myfxbook.com/members/mryellow/greenpip/1929746
*
Market going wild on more Brexit/Theresa May news, everything can go along nicely until it doesn't......due to this kind of volatility!!!

SUSMNet
post Apr 21 2017, 08:52 PM

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

Joined: May 2007



I think his account already margin call that why he not posting the latest update
lsk93
post Apr 21 2017, 10:28 PM

New Member
*
Newbie
2 posts

Joined: Apr 2017


https://www.myfxbook.com/members/Vladislav7...adislav/2030078
lsk93
post Apr 21 2017, 10:29 PM

New Member
*
Newbie
2 posts

Joined: Apr 2017


https://www.myfxbook.com/members/Vladislav7...adislav/2030078
TSDrFX
post Apr 23 2017, 02:57 PM

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

Joined: Nov 2015
QUOTE(lsk93 @ Apr 21 2017, 10:29 PM)
We heard JJPTR closed down yesterday. So who is next? IGOFX?
SUShighlowyat
post Apr 23 2017, 03:33 PM

On my way
****
Senior Member
685 posts

Joined: Aug 2011
From: Fairtex Bangplee


QUOTE(DrFX @ Apr 23 2017, 02:57 PM)
We heard JJPTR closed down yesterday. So who is next? IGOFX?
*
this kind of people.. they give bad name to forex
promise 20% return from forex .. 100% sure they did not trade forex.. they just ponzi

nowadays, people got phobia when heard about forex.. they thought its skim cepat kaya or scam or all the bad stuffs
TSDrFX
post Apr 23 2017, 03:50 PM

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

Joined: Nov 2015
QUOTE(highlowyat @ Apr 23 2017, 03:33 PM)
this kind of people.. they give bad name to forex
promise 20% return from forex .. 100% sure they did not trade forex.. they just ponzi

nowadays, people got phobia when heard about forex.. they thought its skim cepat kaya or scam or all the bad stuffs
*
Yes indeed. They have spoiled the FX name badly.
fairylord
post Apr 26 2017, 01:11 AM

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

Joined: Dec 2007
From: Fairytale
How an IB make a living?

Any IB here mind to share your experience.


This post has been edited by fairylord: Apr 26 2017, 01:12 AM
dreamyboy
post Apr 26 2017, 12:55 PM

New Member
*
Junior Member
40 posts

Joined: Sep 2009
QUOTE(highlowyat @ Apr 23 2017, 03:33 PM)
this kind of people.. they give bad name to forex
promise 20% return from forex .. 100% sure they did not trade forex.. they just ponzi

nowadays, people got phobia when heard about forex.. they thought its skim cepat kaya or scam or all the bad stuffs
*
When there's a demand in the market, there will be supplies. The biggest problem about forex is that 99% out there know nothing about it. Most of them only know the surface. Can't blame them because even the industry players may not share you all the secrets. Only way to learn is to get your hand dirty. From trading on different platform, to IB businesses, to back end brokers operations.

When you are involve in setting up brokers, having talks with PB and LP. Then you'll be able to see how forex work.

People like the public or normal traders, will only learn when they lose their money to evil brokers (regardless of regulation). Yes even regulated brokers can do shit on you, and you can do nothing about it.

Forex is basically negative sum game. Honestly if you have capital, it's better off trading stocks. If you have smaller capital, then forex is for u.

QUOTE(fairylord @ Apr 26 2017, 01:11 AM)
How an IB make a living?

Any IB here mind to share your experience.
*
IB is basically like remisiers (in the context of stock markets). They are the affiliate of brokers. When you open account under them, they'll get commission each time you trade.

There are also A book broker's IB and B Book broker's IB. They go way beyond getting merely commission of trade.

Forex business is quite dirty, do you know even banks do not wish to provide custodian services to some tier A brokers due to their high risk in KYC none compliance.

Well, no1 will teach you about these info in this forum. Guess i should stop sharing insider stuff rolleyes.gif

This post has been edited by dreamyboy: Apr 26 2017, 12:56 PM

263 Pages « < 35 36 37 38 > » Top
 

Change to:
| Lo-Fi Version
0.0249sec    0.54    6 queries    GZIP Disabled
Time is now: 17th December 2025 - 11:53 AM