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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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loki_loki
post May 7 2017, 02:59 PM

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Hi all sifus here,

I've read the thread you guys talking about IIB International Broker. If I am able to provide with you sifus here with a MT4 account with details log in, do you think you sifus here can do some magic to see if its legit or something is off? I've done some research previously about the website etc and it all came to the same conclusion like you guys mentioned in this thread. Any sifus here can help?
TSDrFX
post May 7 2017, 03:47 PM

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QUOTE(loki_loki @ May 7 2017, 02:59 PM)
Hi all sifus here,

I've read the thread you guys talking about IIB International Broker. If I am able to provide with you sifus here with a MT4 account with details log in, do you think you sifus here can do some magic to see if its legit or something is off? I've done some research previously about the website etc and it all came to the same conclusion like you guys mentioned in this thread. Any sifus here can help?
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Hi loki_loki,

Try PM jack2. He may able to help you on this.

We have concluded IIB International Broker is a SCAM FX.
TSDrFX
post May 7 2017, 03:48 PM

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QUOTE(MNet @ May 7 2017, 01:27 PM)
tp eagle too low the return
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Perhaps those returns are not real too.
loki_loki
post May 7 2017, 03:51 PM

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QUOTE(DrFX @ May 7 2017, 03:47 PM)
Hi loki_loki,

Try PM jack2. He may able to help you on this.

We have concluded IIB International Broker is a SCAM FX.
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You think i provide here can work? Sorry ah still new to this forum thing.
joelfx716
post May 8 2017, 03:31 PM

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QUOTE(DrFX @ Apr 30 2017, 06:05 AM)
bruce.gif  thumbup.gif
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Hi Dr fx and kawan kawan...any good recommendation of strong broker with reliable pamm/copy trade services ah? cos Im really a newbie in forex trading and dun intend to trade...thanks
NewbietoFX
post May 8 2017, 05:36 PM

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QUOTE(DrFX @ Mar 19 2017, 01:29 AM)
Hi HamMerMer,

Falconaire is a 100% scam run by a group of SCAM FX syndicate including GVF, RCFX, KBFX, etc. They are running an unregulated fund which we called PONZI SCHEME or MONEY GAME. Probably some of you already know who are the famous SCAMMERS operating at the back.

AVOID IT AT ALL COST! IT's ON OUR SCAM LIST!
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Hi DrFX, how you identify falconaire as a SCAM company? Would like to know more details on this.

Thank You.
TSDrFX
post May 8 2017, 11:49 PM

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QUOTE(NewbietoFX @ May 8 2017, 05:36 PM)
Hi DrFX, how you identify falconaire as a SCAM company? Would like to know more details on this.

Thank You.
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Hi NewbietoFX,

We are interested to know your thought about this company. Why you think it is not a SCAM?
TSDrFX
post May 8 2017, 11:52 PM

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QUOTE(joelfx716 @ May 8 2017, 03:31 PM)
Hi Dr fx and kawan kawan...any good recommendation of strong broker with reliable pamm/copy trade services ah? cos Im really a newbie in forex trading and dun intend to trade...thanks
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Hi joelfx716,

We do not recommend any copy trade nor PAMM/MAM.

Look for those with 2-3 years track records and trading with top tier brokers.
fairylord
post May 9 2017, 12:51 AM

tag [@fairylord]
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Anyone mind to share thought on Fullerton Markets?

ckdenion
post May 9 2017, 02:30 PM

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anyone heard of pollyplanet before? my friend's mum joined but not sure what it is about. following the uncle to join only.

i cant seem to find any detail online coz need to have membership to login to see the details.

my friend login and show me it is like buying units. something like unit trust but im not sure is there forex trades also.
TSDrFX
post May 9 2017, 11:34 PM

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QUOTE(ckdenion @ May 9 2017, 02:30 PM)
anyone heard of pollyplanet before? my friend's mum joined but not sure what it is about. following the uncle to join only.

i cant seem to find any detail online coz need to have membership to login to see the details.

my friend login and show me it is like buying units. something like unit trust but im not sure is there forex trades also.
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Do you mean Pollywood?
AIYH
post May 10 2017, 08:21 PM

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Had anyone tried amana capital?

https://www.amanacapital.com/

This post has been edited by AIYH: May 10 2017, 08:25 PM
ckdenion
post May 11 2017, 02:04 AM

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QUOTE(DrFX @ May 9 2017, 11:34 PM)
Do you mean Pollywood?
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cant find any info on Polly Planet cz need to log in. but looks like it is related to Pollywood. Pollywood got nth to do with Forex right?
greyPJ
post May 11 2017, 09:56 AM

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i read that igofx start having problem?
cmk96
post May 11 2017, 10:34 AM

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QUOTE(greyPJ @ May 11 2017, 09:56 AM)
i read that igofx start having problem?
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where you read?
jack2
post May 11 2017, 10:54 AM

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QUOTE(greyPJ @ May 11 2017, 09:56 AM)
i read that igofx start having problem?
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People tend to ask question but never provide source where it is from...
ckdenion
post May 12 2017, 11:46 PM

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QUOTE(greyPJ @ May 11 2017, 09:56 AM)
i read that igofx start having problem?
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mind to share source? interested to know to.
coconutwei
post May 12 2017, 11:55 PM

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QUOTE(DrFX @ Feb 21 2017, 11:42 PM)
Hotforex is not ok. It's a cheap offshore broker with no investor protection. The reviews can be from themselves.
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I was searching for other stuffs, and I came across this thread.
Thanks for pointing out Hotforex is using off shore regulator.
You managed to alert me about the risk here.

QUOTE(DrFX @ Nov 14 2015, 05:16 AM)
Indication of SCAMs:
1. FIX RETURN (SCAM)
2. Unregulated or offshore regulated brokers (Potential SCAM)
3. Lucrative upfront commission (SCAM)
4. No live trading view via platform (Potential SCAM)
5. Fix exchange rate for deposit and withdrawal (SCAM)
6. Cash payment or local deposit (SCAM) unless through regulated payment gateway.
7. Lock up period (Potential SCAM)


Any FX companies matched at least 2 of above indications, it is a potential SCAM. If matched 3 of the above indications, then it is definitely a SCAM!
Other than being offshore brokers, which is potential SCAM, may I know what are the other indication?
Since you mentioned it has to match at least 2 of above indications.

QUOTE(greenpips @ Feb 22 2017, 12:19 AM)
I'm actually surprised to see my name appeared, and I wonder how you found me.
Cause I'm so so so nobody... HAHAHAHAHA!

QUOTE(zzerosz @ Feb 22 2017, 01:22 AM)
Heard about it before. I think it is a Chinese forex group and using HotForex as the broker.

Not sure whether it is legit or not but seems like the group has been running for a few years.
zzerosz
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It was Chinese based, yes you are correct.
When I'm still in the group, like 2-3 yrs ago, most people communicate only with Chinese.
And this group is using Hotforex as a platform.

So the group is legit, but the platform (Hotforex) is probably not-so-legit, as stated by the TS.
However, the group leader is being very ungrateful, and removed me from the group, after years of helping them maintaining and educating new traders. (there are moments they abandoned the group for almost half year, saying that they are renovating the house)

_____________________________________________________________________________________________________

After reading most for the posts, I wish to highlight something.

Yes, you may still be earning.
Yes, you may still be able to withdrawing.
But that doesn't mean it wasn't scam.
If you think from the position of creator of scam broker, there's no reasons for you to stop giving profit when you earn more than lost.
This is business.

By the time you are unable to withdraw profit, it is TOO LATE.
And there will be ONLY ONE TIME you can't withdraw, which is the moment you realize you'd been scammed.

This post has been edited by coconutwei: May 12 2017, 11:58 PM
SUSMNet
post May 13 2017, 10:09 AM

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igo still going strong. just receive $800++ gain
coconutwei
post May 13 2017, 10:25 AM

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QUOTE(MNet @ May 13 2017, 10:09 AM)
igo still going strong. just receive $800++ gain
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You totally get the point. JJPTR did go strong for the past 2.5 yrs, until last month.
In that 2.5 yrs, did it failed to payout to its members?

The moment it failed to payout, it's the moment some people only categorize it as scam.

This post has been edited by coconutwei: May 13 2017, 11:56 AM

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