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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 Feb 7 2017, 06:18 PM

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QUOTE(jack2 @ Feb 7 2017, 09:18 AM)
No matter how "branded" the broker is, still main busuk

http://www.marketwatch.com/story/fxcm-bann...ents-2017-02-06
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It does happened with all kind of FX brokers. The good thing about regulated brokers is you get to complaint for justice or compensations. You can only cry for nothing when unregulated brokers scam your money.


TSDrFX
post Feb 7 2017, 06:26 PM

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QUOTE(zulutrader @ Feb 7 2017, 06:22 PM)
fxcm very wellknown broker... and then today "FXCM and CEO Drew Niv kicked out US Forex market, fined $7 million for defrauding customers"

http://www.leaprate.com/2017/02/fxcm-and-c...ding-customers/

see.... all regulated broker also tak boleh percaya...

jangan letak 2 telur tu dalam 1 bakul... letak telur tu dalam 2 bakul ok.
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Tu dia....

Betul...

Letak telur tu dalam 2 bakul yang well regulated. thumbup.gif
TSDrFX
post Feb 7 2017, 06:47 PM

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QUOTE(zulutrader @ Feb 7 2017, 06:43 PM)
Saxo Bank is a retail foreign exchange trading bank. The idea of forex trading as a retail product is mildly offensive any way. [I simply can't see how you can make money doing this in any consistent manner.]

However the (a) lack of systems and (b) depth of the scam is revealed by Saxo's statement after the giant Swiss Franc move today. To quote:

    “Due to today’s exceptional market movement in CHF crosses, we have been filling client orders and positions in an extremely illiquid market. Once we are better able to establish true market liquidity, all executed fills will be revisited, and will be revised and amended to more accurate levels. This may result in a worse execution rate than the originally filled level.”

It is of course garbage of the highest order that in the biggest currency movement of recent times there pertained an "extremely illiquid market". If Saxo quoted the wrong price the problem is Saxo's systems.

Instead Saxo is just stealing from its clients. It did a deal and they traded at a rate - and they are rewriting that deal to suit them.

Theft is the right word.

Any regulator that lets Saxo Bank do this is failing it core functions.

Saxo bank's licenses should be revoked.
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Are you sure above issues won't happened on unregulated or offshore brokers? brows.gif
TSDrFX
post Feb 7 2017, 07:05 PM

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QUOTE(zulutrader @ Feb 7 2017, 06:55 PM)
yes its happen.. so regulated or not it dont matter for me... asalkan profit saya berbayar. dont judge any broker hanya kerana tak regulated atau regulated...
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So what if you don't get any payment in a sudden? What should you do?
TSDrFX
post Feb 7 2017, 07:37 PM

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QUOTE(zulutrader @ Feb 7 2017, 07:18 PM)
its ok for me... all profit account...  rclxm9.gif  rclxm9.gif  rclxm9.gif if my starter balance what should i do?? please go to forexfactory...forexpeacearmy myfxbook forum dan sebagainya...even regulated broker also tak bayar withdrawal trader dengan macam2 reason. pergi la tengok..exness ada fxprimus ada xm ada insta ada.. semua ada kes tak bayar withdrawal dgn macam2 alasan...

so regulated adalah alasan untuk gain customer confident sahaja bagi saya.
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I see. Please don't mislead people. It's very irresponsible just because you think offshore unregulated is ok for yourself. Profit account ok, then if account without profit? If you trade yourself with few hundred US dollars, nobody care since it's small amount but when investors invest with few thousand to hundred thousand, that's our concern.

You are here probably because you are operating an offshore FX broker for Malay markets. We understand your points come from where.
TSDrFX
post Feb 7 2017, 08:00 PM

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QUOTE(zulutrader @ Feb 7 2017, 07:53 PM)
you are wrong ... i'm trader i bukan owner broker ... sekarang you dah tak ada idea so you just pointing me sebagai owner broker? u r wrong man... i ada account di instafx.. fxprimus exness xm mocaz fbs dan beberapa broker lagi...

i bukan mislead people... but i'm sharing my experience dalam forex in malaysia culture... malaysia dia mahukan local depositor senang deposit dan withdrawal within 24 hours daripada guna telegraphic transfer ambil masa 3 hari bekerja dan risk money laundring sebab duit masuk dari luar negara lagi risk berbanding duit yang bertukar tangan dari dalam negara.

yang menarik saya nak komen disini bila fxcoleseum dalam list kamu yang kamu katakan broker forex  rclxub.gif  rclxub.gif  rclxub.gif  rclxub.gif  ..fxcoliseum adalah tempat copytrade...ini menunjukan kamu bukan kaji betul2 sebelum taruk dalam list...kamu just assume ini regulated ini tidak walau pun ia bukan broker. bangwall.gif  bangwall.gif

siapa di malaysia ni fund hundred thounsand in 1 broker??? you are in risk.. so pecahkan dua atau 3 akaun di 3 broker berlainan.. tapi kamu jangan kata unregulated broker itu broker tipu... ia mungkin genuine business tapi local business yang susah untuk dapatkan regulated dari us euro atau mana2 regulation body yang ketat.
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We never said you are. Just probably. Well Do you think copy trades mean not scam? IGOFX also copy trades. Copy trades with unknown brokers also SCAM.

We do not mind to remove FXColeseum from the list if there are genuine brokers copy trades results.

End of the day, it doesnt affect us as we get nothing from doing this.
TSDrFX
post Feb 7 2017, 08:03 PM

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QUOTE(DrFX @ Feb 7 2017, 08:00 PM)
We never said you are. Just probably. Well Do you think copy trades mean not scam? IGOFX also copy trades. Copy trades with unknown brokers also SCAM.

We do not mind to remove FXColeseum from the list if there are genuine brokers copy trades results.

End of the day, it doesnt affect us as we get nothing from doing this.

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By the way, we never have any issues on sending and receiving money from regulated brokers/bank even the amount is 6 figures and above.

This post has been edited by DrFX: Feb 7 2017, 08:04 PM
TSDrFX
post Feb 8 2017, 02:20 AM

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QUOTE(zulutrader @ Feb 7 2017, 09:42 PM)
are you serius? even from your local bank???BNM? stan chart ask my friend to withdraw all money and close acc because to many transaction from oversea and its come from forex... as u know individual forex trading is illegal in malaysia even u trade guna regulated broker.

paling tinggi saya withdraw adalam 4k usd dari fxprimus
via Telegraphic transfer nad they paid... even u tak list dalam genuine broker tapi dia paid melalui TT...

since you sending and receiving thru international bank... local bank and BNM can track untuk apa dan tujuan apa duit itu digunakan... so kebarangkalian untuk dipanggil ke BNM for investigation purpose lagi besar. you so lucky withdraw 6 figure and safe...if not 1st local bank call you asking about this money and documentation.

i assume you not experience yet on this issue.....
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No issue doesnt mean no experience. There are many being blocked from sending money oversea for FX purpose. It's depend on how you handle it.

If you have no experience nor good records, yes then you will called up by BNM for coffee when you received FX withdrawal especially from unregulated offshore brokers. It's part of the money laundering act. You will not have issue if you withdraw from well regulated brokers/banks.

You are kind of confuse. First you complaint about fxprimus not paying, then now you said they paid you even we did not list on the genuine list. What are you thinking?

TSDrFX
post Feb 11 2017, 04:02 AM

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QUOTE(Miner88 @ Feb 10 2017, 11:58 AM)
hi there every1,

just wanted to ask, is FX pro safe to use? and does any1 use it before?... need to know which is the safest way to deposit money in all these brokers.. im new in all of this, just wanna try to invest some money and try to trade.. hahaha..

Initially fxcm is giving a very good customer service, and they are able to use credit card to deposit money into their account but suddenly there are some bad news about fxcm in US. so im losing confidence in them, haha..

Thanks in advance.
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Yes, FXPro is fine, it hold UK FCA and CYSEC license.

FXCM is operating like a common brokers and could be much professional than many others. They are unfortunate to hold a US license where the complaints from American that usually very effective. It's one of the key reasons many US FX brokers quit US and move to Europe. Basically there is no harm if you trade with few thousands dollar.

It's also show us the important of top regulators.

This post has been edited by DrFX: Feb 11 2017, 05:16 AM
TSDrFX
post Feb 13 2017, 12:38 AM

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QUOTE(niel82 @ Feb 12 2017, 11:03 PM)
hi sifus,

i wanna ask whether IIB international is a scam or legit company?

the website : http://iibinternationalbroker.com/MainForm.aspx

I dont feel comfortable but what is your advise?

tq sifus smile.gif
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We could not find any regulation info on this web site. However, there is a warning about clone IIB International Broker on UK FCA site.

https://www.fca.org.uk/news/warnings/iib-in...al-broker-clone

Please tell us more about the offer you received from this broker.
TSDrFX
post Feb 17 2017, 02:42 PM

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QUOTE(J&J+Cs @ Feb 17 2017, 11:02 AM)
Dear Sifus....

How about PTFX from indonesia ? They provide 2 fund managers for copy trades .

Nowadays alot of copy trades compamy / marketing team in malaysia especially penang. Majority are AGREED forex trades make money but most of the investors have ZERO knowledge about forex. So, profit sharing forex investment platform  ( 70% profit back to investor & 30% to IB & fund manager ) are very popular now. IGOfx one of them

Please advise . Thank you very much
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Hello J&J+Cs,

Please provide us more information about PTFX including their web site. We shall do some background check and due diligence.


TSDrFX
post Feb 18 2017, 04:54 AM

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QUOTE(Alissa_1989 @ Feb 17 2017, 11:27 PM)
I have a question, is forex legal in Indonesia ?
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Forex is legal in Indonesia for local licensed brokers.
TSDrFX
post Feb 18 2017, 05:22 AM

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QUOTE(J&J+Cs @ Feb 17 2017, 10:17 PM)
总公司网站:
http://www.pruton-futures.com/id/(期货)
http://www.prutoncapital.com/id/(外汇)
公司官方网站:https://www.ptfxcapital.com/
公司登录网址:https://member.ptfxcapital.com/
官方注册地址:https://member.ptfxcapital.com/RegisterCH
操盘手交易历史查询权威网站:www.myfxbook.com
PTFX平台操盘手资料查询:https://www.myfxbook.com/members/PT1319/ptfx-trader-1/1866219

PTFX注册教程:http://dwz.cn/4W7dDQ

MT4账户登录教程:http://dwz.cn/4W7kQI

网页版MT4账户下载登录教程:http://dwz.cn/4W7n4j

PTFX奖金制度及举例:http://dwz.cn/4W7oK9

Pruton Futures 印度尼西亚十大 外汇交易平台之一
网站查询地址:http://www.bestonlineforexbrokers.com/Online-Forex-Brokers/Forex-Broker-Country-Lists/Forex-Brokers-by-Countries-Pg27.html
公司证件执照:外汇期货交易执照
证件号:SPAB/160/JFX/o1/2013
证件查询网址:www.jfx.co.id (印尼证监局官方网站)请翻墙打开
公司证件执照:外汇期货交易执照
证件号:79/AK-KBI/III/2013
证件查询网址:www.ptkbi.com (印尼衍生品结算所官方网站)

公司证件执照:商品期货交易执照
证件号:12/BAPPEBTI/SI/02/2013
证件查询网址:www.bappebti.go.id(商品期货交易监管机构)
Unfortunately, Indonesia FX license has no credibility and this company has make it even worse to confuse investors on their licenses. Furthermore, they did not publish their license number on their web site.

There are warning on prutoncapital.com about potential clone companies who claim as their partner.

And we sense something very wrong with their past trading performance on myfxbook. whistling.gif

If you can provide us their MT4 login details, we can conduct an investigation on their trades to confirm any manipulation.

This post has been edited by DrFX: Feb 18 2017, 04:40 PM
TSDrFX
post Feb 19 2017, 03:49 PM

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QUOTE(ctan6611 @ Feb 18 2017, 09:38 AM)
Updates: The withdrawal has been transferred in to my bank account using wire transfer.  The withdrawal of IGOFX using wire transfer took almost 3 weeks before the fund into my bank account.  I initially fund my account using wire transfer, and according to IGOFX, the funding and withdrawal must be same and therefore I cannot choose to withdraw using local depositor.
I am hoping that in future the withdraw will be more smoother and take less time.

I would be interested to know the investigation of DrFX on Vladislav's trade history using MT4 login provided by other member here.
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Non of the IGOFX members given any MT4 login with live trading. The MT4 accounts login given to members only work as e-wallet.

It's very unusual copy trades, we have concluded that IGOFX is 100% SCAM.
TSDrFX
post Feb 19 2017, 04:03 PM

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QUOTE(MNet @ Feb 19 2017, 02:12 PM)
After major loss on their trades with a broker, they have switch their business model to non transparency money game type of ROI.

TP EAGLES current FX broker is a Belize licensed broker. sweat.gif
TSDrFX
post Feb 19 2017, 04:13 PM

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QUOTE(MNet @ Feb 19 2017, 04:08 PM)
tp eagle related with MGMC?
min 3k usd to join
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That's right.
TSDrFX
post Feb 19 2017, 04:48 PM

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QUOTE(MNet @ Feb 19 2017, 04:30 PM)
Please share more information about this scam. Many forumers would love to stay alert on any potential scams. Thank you.

They seems like trading with FXCM.
TSDrFX
post Feb 21 2017, 11:42 PM

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QUOTE(Gravity @ Feb 21 2017, 04:06 PM)
hi TS, can i know whether HotForex is genuine? i understand you mentioned it's from st vincent, but it appears that the review for this broker looks pretty ok. And they offer a lot of PAMM services.
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Hotforex is not ok. It's a cheap offshore broker with no investor protection. The reviews can be from themselves.
TSDrFX
post Feb 22 2017, 01:51 AM

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QUOTE(greenpips @ Feb 21 2017, 09:18 AM)
Let discuss another broker from Indonesia - Sentratama Investor

user posted image

Check on the latest trade AUDCHF and how they wanna XXX investors.

Conclusion = Buy and sell at very low/high price in which the price is not exist or non-market price
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Thanks for sharing. Added to our scam list.
TSDrFX
post Feb 22 2017, 01:59 AM

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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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Never trust any performance records on myfxbook taken from unregulated or offshore regulated brokers.

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