Hello kehgez,

instaforex is a big FX broker based in Russia. We do not recommend Russia based FX brokers due to lack of investors protection and transparency.

midasama seems like a money manager trading with Indonesia based FX broker. For the same reason, i will not trade/invest with them if i were you.

Happy New Year 2017!

Why IGOFX is a scam broker ? Please explain.

Hi cste188,

Please find our previous post concerning IGOFX.

This post has been edited by DrFX: Jan 2 2017, 04:27 AM

In the case of Igofx... i think you are just judging a book by its cover. Unless someone unable to make a withdrawal... until now... everything went smooth.

Btw, I have traded manually for 5 mths in Igofx... at first i was sceptical too.

Yes... the name Vanuatu is pretty unknown... but if the broker still pays... why call it a scam? Anyone here being scammed by Igofx?... i would like to know.

This post has been edited by cmk96: Jan 2 2017, 11:13 AM

Hi Dr.FX,

1: Unreal trading results - There is no real trading behind which those trades are suppose to process on a liquidity provider/banks. In short, they are showing investors impressive fake trading results. MT4 is a front end platform which the trades are editable from date to price. Without proper regulation, you know what they are capable of.
<cste188> attached is the trade results of one of the fund manager - Vladislv. His past 3 years trade results have been verified by the myfxbook - http://www.myfxbook.com/members/Vladislav7...adislav/1576235. It that the trade results also fabricated too ? Please understand. I not here to challenge u or watsoever, i just want to know the truth.


2: Holding a Vanuatu license - Recently this license has been a very popular tool for scammers due to low requirements. You can get it within USD10k and approval within a month. So basically anyone can get a Vanuatu license. And there is no protection for investors or traders.
<cste188>Are u sure you can get the license just 10K usd ?Since you are data driven, where you get USD10k figure from ? have you check with vanuatu fsc about it ? can you show us the proof or evidence of corresponding with vanuatu fsc ? unless you do so, i will assume u just plug the figure from air. again i not try to challenge u but i just want to find out the truth. but since u are professional, i believe u not simply provide a baseless figure out of nowhere. right ?


3: Additional to 1, we have checked and confirmed their trades are not real time which similar to what TriumpFX has done. If you need evidence, then we suggest you to do it yourself.
<cste188> thanks for head up. i do checked and i find out it verified by myfxbook. And i myself also acc holder of igofx myself. Attached is screenshot of my igofx acc. it showed the trade details of each of the trade. will it fabricated also ? if so, how ?


4: Get the traders/managers to trade with a top tier regulated brokers, any brokers will be fine. They will give you plenty of funny excuses like "We don't trade with other broker", "We don't want to let other brokers know our trading secret.", etc.
<cste188> this i also not sure why their fund manager don't engaged with top brokers house like fxcm or xm. but i will find out and let you know if their respond are the same as urs. lol.


5: Ask yourself, what make you think it is real? The license? The MT4 platform?
<cste188> can you please be kind enough point us to the right direction ? i believe u r dr.fx and i think you have the answer. I looking for the answer from you.

P/S: don't get me wrong, i just want to find out the truth and i have many friends join and trade with igofx earning 5 figure passive income at this moment. I not try to promote nor support igofx in anyway, i just only a student who try to find out the truth, hope that you point us to the right direction with EVIDENCE BACKED ALLEGATION WHICH I BELIEVE YOU WILL DO SO IF YOU ARE PROFESSIONAL.

BR
CSTE188

Seems like IGOFX scammers have collected many funds from innocent newbies.

What you are saying is as long as it pay, so it's doesn't consider as SCAM? So when it stop paying, then only considered as SCAM?

We guess you are pretty young and new in this line. Perhaps you should try once, then you will understand the world of SCAM.

We judge based on our experiences, knowledges and live test to get the confirmation. We do not earn anything for doing this. If you doubt our judgement, please come back to this thread to post your testimonial after IGOFX stop paying.

Referring to our SCAM broker list, many have stopped paying. Eg. GSM, FX United, NewTradeFX, old TriumphFX, GVF, IBS, Maxim, Efzinitus, etc. It's just the matter of time IGOFX will stop paying. Be patient...

This post has been edited by DrFX: Jan 2 2017, 05:21 PM

This post has been edited by DrFX: Jan 2 2017, 06:04 PM

Go to forex forum and ask me questions there. I am not young n new. I traded forex for 8th yrs. How bout u?can share your experience? Looks like any small broker is scam broker to u.

Hi cmk96,
As you requested, please show ur trade results here.

BR
cste188

Hello cmk96,

Apologized! We are surprised by your trading experiences but your words show that you are new. Unless you are part of IGOFX.

Please define small broker. Maxim Trader scammed over hundred of millions US dollar, is that considered small? Being unregistered by New Zealand FSPR twice. IGOFX might the next Maxim.

We have the experiences in FX and Quant trading for over 10 years, we also experienced in setup some small brokers, obtaining financial licenses, structure hedge funds, providing FX bridge/aggregator for MT4 brokers and connecting to liquidity providers or prime brokerage.

I think you should make another list for "high risk broker" for broker such as Igofx. Coz no scammed victim so far eventhough it look like a scam broker.

I hv 4 other account with different brokers. Here, i only talk about Igofx. Ppl pm me asking why i trade manual on Igofx. Some asking me to show my result. All they know is Vladislav. They are just investors... not traders... they are also gamblers. Not me... i dun invest in him... coz i made more trading on my own..

You said you hv experience setting up small broker? Which broker you hv set up? Why not setting up your own broker?

This post has been edited by cmk96: Jan 3 2017, 08:07 AM

Yesterday you pm me wanting to about my manual trading. But you insist on knowing my profits.

I do not normally entertain newbie request like you... somemore a rude one... you are nobody to me... why should i show you my profit?

But to fullfill you curiosity... i might just grant your wish... yeah... later you may say the result its not mine... pls upload to myfxbook...bla bla bla...

happy daydreaming!

*attachment removed*

LOL... since no one showing their profits here... boring betul... removed la.

This post has been edited by cmk96: Jan 4 2017, 12:06 AM

edited

This post has been edited by rachel9966: Oct 11 2018, 04:52 PM

This post has been edited by rachel9966: Jan 3 2017, 01:35 PM

anybody heard about IGOFX?

Still no profit to show? ....hahaha...

This post has been edited by cmk96: Jan 3 2017, 05:56 PM

This broker very sensitive to certain forumers.... jangan main-main...

Thanks for your suggestion. No point to have another high risk brokers list as IGOFX will end up as a scam broker. Just the matter time it will stop paying, same happened to all those listed on the scam brokers list. We are here to warn investors about the scam activities. There is no MAY BE in counter scams. Usually these scams will end with stop paying or loss all accounts through fake trades.

We are not interested to run as a FX broker. As for which broker we ddid set up for, clients info are strictly confidential. Thank you.

Avoid it at all cost. The numbers of questions concerning IGOFX have worried us. The virus is spreading fast.

It's going to be the next big scam. Players still getting paid for now. Once the scammer pull the plug, that's it.

This post has been edited by DrFX: Jan 3 2017, 10:21 PM

Rachel,

No hard feeling, but i think you're too young and naive to justify a scam. You will learn.