boyboy,

Yes, you should stop sharing invalid so called insider news. In fact, nobody ask you the questions that you answer yourself.

For example, you mentioned that regulated broker can do shit you on, and you can do nothing about it. It's not true. It's always depend on what the broker did and what licenses do they hold.

Another statement is "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."

This is also not true, plenty of worldwide banks welcome top tier licensed brokers. Unless the director's background is blacklisted. When those offshore license brokers can open bank accounts, why top tier licensed brokers can't get custodian service from the bank?

We know your intention and where are you from.

Hi noobfx,

If you are not involved into anything in back end. Please stfu. You are the one that know shit and trying to act smart here.

Go ask around bankers from custodian banking and see what's the comment about forex brokers. But please, i know you wouldnt know any because u are just one retail trader.
Dont give me answer like go regulated brokers which is no brainer.

I had account in FCA broker (YOUR SO CALL TOP TIER BROKER), slipped my trade and i lost 7K USD in a night. Filled a complaint and nothing came back?

There are some incidences where they do give you back. BUT WHAT ARE THE STATISTIC?

Dude seriously, you are nothing, your knowledge about the forex market is like less than 10%? And you try to act smart here? You dont even know shit about broker set up. You are not an industry player.

Nvm, i let you continue bark and so call "educate" people. While i'll try to really contribute to the forumers here. If you don't like my comment, try file a report to Mod and let them judge.

Else, stop stating the obvious and let this be a healthy discussion.

All FX sifu sekalian, what do you think about the SIRIX copytrade platform? They are not a broker but a provider for copy trading. I didn't have a pleasant experience with them using my previous brokers. Just would like to check if any of you have had any experience on SIRIX?

Hi boyboy,

If you can't prove yourself right, don't come here and bark around for the sake of your offshore or unregulated broker. You are just a kid who is trying to show off with a little knowledge and worse is your words show that how childish you are.

Why not you share about your FCA broker experiences here and we will verify how true is that? Which FCA broker and when is that happened? Many forumers would love to see the reports that you make. Usually loser will blame everything but not themselves.

If you don't know us, don't act so much. You have no idea who are you dealing with, kid. You mentioned how hard for a FCA broker to open bank account, but it's an easy job for us. We have done it again and again for brokers, funds, etc. Which licenses you want to know on setting up? Which bridge platform and liquidity providers you have deal with?

This post has been edited by DrFX: Apr 28 2017, 04:35 AM

Hi microwavetoaster,

SIRIX is one of the famous copy trade platform. However, it's always depend on which broker are you trading with. SIRIX is just a platform and it can't guaranteed you that a broker will not manipulate the trades. Which broker are you trading with SIRIX?

Noobfx,

Oh please, why don't you prove it to us? Up until now you have not share any real information about the market. What you do is just google and share on the surface?

Have u ever mentioned about bridge and lp discussion before? You only talk about it after I mentioned. Dude look now who's the real contributor to this discussion.

Like I said I don't only promote weaker regulated broker. I'm trying to share with everyone here that even if u are regulated by top notch regulators, there are still risk. Do you know what are the weakness about mt4?

You should discuss about these more rather than only tackle on regulation part.

I can see u guys are a "we". Even a group of you can't match with an individual like me, I think your combined experience is also lesser than my individual experience.

Come on la, don't just throw me opinions, give facts here. Don't just show your googling skill. Where is your real market knowledge?

Talking about regulation is like telling people that your mum is a girl. Please oh please. Every time I see your replies it just show how immature you are. What you've been doing is just throwing burden of proof which I already shared so much info while you on the other hand, had nothing to prove that my lesser regulated brokers flaws nor your regulated broker problem?

Please grow up you guys. Stop acting pro. If I'm u I'll create a new Id so to stop embarrass yourself. But I do believe you "guys" have multiple id.

Hello DrFx, I have used Sirix on FX Primus about few years back and CM trading about a year back. What I did was i sat down and have a few of the top traders on a watchlist, I assessed them based on duration of trade, duration of account in system, max DD, hit rate and finally profitability. Selected some of the few started copying and then over night some of the traders would just make crazy floats on their trading account. And i remember some of the traders on the system were a little fishy in the sense of they would couldn't be copied or added on the watchlist manually. In the end i figured that it is not transparent enough to my liking as I have studied Sirix before. Trader's over there are not given profit sharing unlike PAMM service hence no incentive for them to be trading properly anyway since its completely social trading.

^^^^^ the above is based on my experience and my POV.

Many are having the issue like what you have described. The floating loss will make you cry gao gao.... Zulu is also one of them whereby it is not transparent enough.

anyone can confirm this www.topprofx.com legit or not?

Hi Microwave, i left out your message about Sirix. What you see is true. One of the weakness about social platform or signal provider is that the "trader" will have multiple accounts running to make it nice, then let it run on these social platform and get Subscription fees. After awhile, if their performance turned bad, they can always list other products there.

There is actually no huge incentive for trader to make money through profiting, they only try to make the subscription fees or rebates.

Most good traders, they will work on charging Performance fees and normally they are privately managed and dont really share their signal.


Aside Zulu, there's Etoro and Tradexpert. You can also go to MQL5 directly but you need to set up your own VPS.

I look at their website, immediately i am turned off. Then i saw leverage of 1:1000. Definitely a B book broker.

These type of brokers are the worst of the kind. They didnt even bother registering in any regulation.

dont waste your time with them.

This post has been edited by dreamyboy: Apr 28 2017, 03:50 PM

Hi Kidz1995,

It's a Dominica based unregulated broker. We won't touch it if we were you.

We do not recommend copy trades or social trading also mainly because of there is no performance fees for traders where usually they only earn from spreads rebate. So traders will focus more on trading volume instead of profits. There are many copy trades without transparency, short track records and worse will be offshore or unregulated brokers using manipulated trading performance to attract investors.

We are done with you. This forum thread mainly to help investors learn how to differentiate genuine and scam brokers. Not for kid who want to show off. Non sense!

Finally you have come to your senses. I am trying to add value to this thread while you keep bombarding your opinions and went for personal attack. You could have be more professional by educating more in depth market knowledge to investors.

On top of distinguishing the regulations, you should go in depth in discussion. Rather than trying to defend your point by insulting me, you should have countered with a more solid argument with evidences.

I hope you can stop being emo and defensive and discuss about this professionally.

Okay guys, I think it's time to get back on track and stop the personal attacks. Discuss something constructive.

You have wrote a very good comment above but it's for your own reference. Please look yourself in the mirror, boy.

Our suggestion is create your own thread and you are free to show off. Not all of your so called value are valid. We do not want your invalid information misleading others. Thank you.

Indeed. We couldn't accept a boy simply came here showing off some invalid information without respect. And yes we insist SFX Markets is a SCAM.

This post has been edited by DrFX: Apr 29 2017, 11:20 PM

It doesnt matter what is written on the list being true or not.

After trading all these years... i only believe my own experience... its my own money anyway... who the hell others trying to teach me what to do.

If "they" are so great... go make a police report and save the whole world... please.

Hi cmk96,


We are here to help those new in this industry who seek for advise and appreciate our sharing. So basically it's up to individual, invest or trade at your own risk. End of the day, it's your money. We don't gain anything from you.

If making police report will help, there won't be so much scam in the market.