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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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jack2
post Apr 28 2017, 12:04 PM

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QUOTE(microwavetoaster @ Apr 28 2017, 12:01 PM)
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.
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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.
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...
jack2
post May 13 2017, 02:56 PM

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QUOTE(coconutwei @ May 13 2017, 10:25 AM)
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.
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QUOTE(duplicated @ May 13 2017, 01:20 PM)
$800 will not affect their business. So, very unlikely that they will cheat for just $800 and get their name tarnished.
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Don't simply believe mnet words. She is the top tiup water aunty in lowyat few years ago. Everyone knows it because everything got her involvement.


jack2
post Jun 11 2017, 07:24 PM

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QUOTE(DrFX @ Jun 11 2017, 04:31 PM)
Hi duplicated,

You have plenty to learn in identify scam/fraud.
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he is one of investors in lowyat who constantly seeking for copytrades or PAMM. Thus, he claimed so.
jack2
post Jun 12 2017, 02:54 PM

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QUOTE(MNet @ Jun 12 2017, 02:34 PM)
yes please provide evidence if u say igofx trade is not feed to LP
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I think you must kena a lot with V's fund... wakakkakaka

But I am sure you will deny it.
jack2
post Jun 13 2017, 10:28 AM

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QUOTE(le_su @ Jun 13 2017, 10:02 AM)
Being a newbie and know nothing about Forex, I had been conned by this scheme(IGO) and invest in Jan 17. Luckily I google and found this forum and quit in Apr. I really want to thanks DrFX (and the rest who share) to be willing to share and enlighten us. Being someone who know nothing about Forex, at first sight IGO really sounds convincing. Even if I'm being scolded and shouted, it's definitely my greed and stupidity. Again, thanks to this group. I don't know how many people you've safed, but I'm definitely one of them. THANK YOU!
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Cool... rclxms.gif
jack2
post Jun 19 2017, 01:45 PM

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QUOTE(DrFX @ Jun 19 2017, 02:04 AM)
It's all depend on where do investors funding. TP Eagles is a ponzi scheme without transparency.

After IGOFX game over, next will be TP EAGLES and GM Trader (TriumphFX) although TriumphFX has scammed once.
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GM Trader is still exist?
jack2
post Jun 28 2017, 09:34 PM

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QUOTE(MNet @ Jun 28 2017, 08:59 PM)
How much u earned?
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I noticed you always asked the same question everywhere in Lowyat "How much you earned"

This post has been edited by jack2: Jun 28 2017, 09:34 PM
jack2
post Aug 10 2017, 10:57 PM

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QUOTE(DrFX @ Aug 10 2017, 08:58 PM)
We were surprised that FXPRIMUS no longer hold CYSEC license.

Thank you for your information. We have added FXPrimus on our SCAM list.
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Why it is added?

Did they scam their clients? Curious to know. hmm.gif
jack2
post Aug 12 2017, 09:52 PM

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DrFX

If you need broom sweeper, please let me know and I buy for you.
jack2
post Aug 19 2017, 11:26 PM

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QUOTE(cassie2017 @ Aug 19 2017, 11:09 PM)


GM trader has kaput or gg?
jack2
post Aug 22 2017, 08:18 PM

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QUOTE(xpmm @ Aug 21 2017, 09:10 PM)
i dont think Frankie is that stupid to really tradel that investors money, he simply songlap a portion, mgmc songlap a portion and then they claim lost in trading.
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You know Frankie?
jack2
post Aug 29 2017, 06:18 PM

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QUOTE(bf1119 @ Aug 28 2017, 12:58 PM)
https://www.facebook.com/Phyto-S99-1034332590035287/

Another scammer here !!
Pls help to spread it
Thanks
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How they scam??
jack2
post Oct 5 2017, 03:55 PM

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Wonder goldmaster aka gmtrader who trades on GOLD only is still ongoing or scam already?

This post has been edited by jack2: Oct 5 2017, 03:56 PM
jack2
post Oct 5 2017, 03:57 PM

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OctaFX should be listed as scam broker as well. A lot of scam stories found in FPA
jack2
post Oct 6 2017, 01:32 AM

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QUOTE(DrFX @ Oct 6 2017, 12:13 AM)
Almost.
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Can share the story??

Still almost hasn't tabao?
jack2
post Oct 6 2017, 03:56 AM

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QUOTE(DrFX @ Oct 6 2017, 03:51 AM)
The latest story we heard about Triumphfx is that they are telling their investors, Triumphfx is opening a Cyprus office by showing a photoshopped office and building. They are trying to confuse them between office and license.

Beside, they also started new higher return portfolio that may attract the current/new investors to reinvest. No transparency.

Obviously, this will be the indication of final round before they close shop.
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mega_shok.gif

jack2
post Oct 6 2017, 06:21 PM

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DrFX

I read someone is revealing the scam activity of one broker but he/she got attacks from the broker and forumers who believe are the same person or team.

I wanted to go there and assist to fight against.

Interested to join together? And anyone else here?
jack2
post Oct 7 2017, 12:04 AM

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QUOTE(MNet @ Oct 6 2017, 09:37 PM)
pls share the link then we will judge who is correct
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U ah?

Most of yours posts are trolls than nothing
jack2
post Oct 13 2017, 09:12 PM

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QUOTE(xpmm @ Oct 13 2017, 09:08 PM)
a few people complain MNet in this thread laugh.gif
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laugh.gif

DrFX, please add icon_rolleyes.gif

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