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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 Jul 2 2021, 09:43 PM

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QUOTE(Ultimate_Justice @ Jun 27 2021, 01:08 PM)
I accidentally bumped into this thread, while searching for this on google "Triumphfx Application". I had a little shock to read all some your postings here. By godsend, lucky to say that im still stuck at the "application pending" status which ive just signup for it 3 days ago.

I was recommended by a good contact of mine, whereby he invested close to USD100k and getting 7% 5 weeks cycle, sounds very good to me. He has been into this for close to 1.5 years.

Basically, people like me, who lost most of the projects/works due to MCO, this is one of THE 'lucrative' way of earning accumulated money from savings...

i've decided to stop funding my only savings i have into a SCAM entity. i cannot take the risk. Just wanna post here to thank Dr.FX, Terry and many others here that are seriously guiding & helping newbie like myself.

i will look into your Whitelist of traders and i need your advise, since im a newbie and have little less knowledge on trading, looking for Fund Managers to assist me out. Understand that they will have a cut few % that we make together, im find with that. Any recommendation on that?
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You are very welcome.
TSDrFX
post Jul 2 2021, 09:53 PM

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QUOTE(DrFX @ Jun 8 2021, 08:53 PM)
Hi Colt M4A1,

WikiFX is a paid advertisement site which operate like a mafia in this industry, if you pay, get good rating even you are scam, if you dont pay, they rate you badly. By the way, WikiFX is owned by China people. Try search Maybank and Public Bank, you will get the answer.

The only rating we agreed with WikiFX is their rating about TriumphFX.

By the way, SamTradeFX ASIC AR license has been cancelled by the provider after found they are running as a SCAM FX.

user posted image
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Latest announcement from Singapore MAS, SamTradeFX has been added to alert list after few months investigation.

user posted image

We do not call a FX SCAM without solid evidences, you can choose not to believe us, but you will learn your lesson soon or later.

We appreciated all the members here who take serious consideration on our advise.
TSDrFX
post Jul 7 2021, 04:53 PM

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QUOTE(viruz @ Jul 7 2021, 02:41 PM)
DrFx, what is your opinion on cysec regulation? why is it not even in your Tier 2 list? I though Cysec regulation is no longer the same as few years back?
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Cysec is one of the worst regulator. They are not responsive and your complains may end up with auto response email.
TSDrFX
post Jul 8 2021, 08:32 PM

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QUOTE(ericyp @ Jul 8 2021, 09:44 AM)
Is FBS a scam broker?
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Given FBS has obtained Australia ASIC license early this year, we have added FBS into the genuine brokers list.
TSDrFX
post Jul 9 2021, 03:28 PM

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QUOTE(ericyp @ Jul 9 2021, 11:31 AM)
why wikiFX give bad rating to FBS, and a lot of withdrawn complaint also
https://www.wikifx.com/us_en/dealer/3981687359.html

how to check FBS have  Australia ASIC license from any official site?
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https://fbsaustralia.com/en

We shall continue monitor their performances. If anyone has bad experiences with FBS, please feel free to share here.
TSDrFX
post Jul 9 2021, 03:34 PM

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Dear Elite Members,

We are currently working on due diligence for TradeHall Pty Ltd https://www.tradehall.co .

Do shares the information if you have any.
TSDrFX
post Jul 11 2021, 03:55 PM

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QUOTE(viruz @ Jul 9 2021, 11:25 AM)
DrFX, how to check if a broker is holding segregation account? Some brokers are easily see on their wire transfer account where its clearly stated with word "client segregation", but some just broker company name even though it holds a proper regulation. I have tried before contacting their bank but they refused to disclose information due to privacy concern.
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Please provide us the broker name.


TSDrFX
post Jul 11 2021, 10:34 PM

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QUOTE(viruz @ Jul 11 2021, 05:55 PM)
Kohle Capital Markets
regulations are ASIC + Mairitius FSC
user posted image
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Hi viruz,

We understand this is an Australia AFSL licensed broker.

For segregated account, it is not compulsory to have client/trust account on the bank account name depending on under which jurisdiction. So it could be Mauritius does not have such requirement.

This post has been edited by DrFX: Jul 12 2021, 03:59 AM
TSDrFX
post Jul 14 2021, 04:25 PM

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WE HAVE DETECTED 2 BROKERS THAT OFFERING FX INVESTMENT WITHOUT TRANSPARENCY. IT IS ON RED ALERT AND BOTH ARE POTENTIAL SCAM UNTIL THEY CLEAR THEMSELVES!

1. UW-GLOBAL (Labuan) Owned by Scammer Sentratama boss.
2. Tradehall (ASIC AR license, not full license)

UW-GLOBAL threaten us to remove them from SCAM list by using lawyer letter.
TSDrFX
post Jul 19 2021, 10:34 PM

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QUOTE(clbee @ Jul 19 2021, 09:36 PM)
Hi, thanks for the explanation.

I did read some of the posts about TriumphFX but it seems like nobody had personally suffered from the scam. Don’t get me wrong, I hope many people won’t fall for the scam, but if someone personally invested and understand the modus operandi, then I can understand the whole thing better.

Referring to the 2 examples given, it should be suffice to prove that there is some elements of scam in the business. However, for someone who is already in it and earning “decent” returns, it is hard for them to believe, or sometimes they choose not to because things are rosy at the moment.

And by the time the company give them lame excuse why their money is gone, there is nothing they (“investors”) can do already.
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Mostly those sudah naik kereta will not believe even you have 1000 proof in front of them.

Those in are blinded with the fake returns or worse the leaders that know it is a scam, yet they still can cheat people by saying they already here for 7 years. As we know, they have standard script like 7 years, no one get scam before, no proof, etc. Every proofs will have 1 lame excuse or beautiful lie.

There are so many proof on the internet, those blinded choose not to believe or they said nobody suffered. They even lazy to type "TriumphFX Scam" on google and choose to be part of the scammers. Everyone here already get used to it. Those never listen, will end up got scammed then hide somewhere and cry. They wont post online to show they are the loser.

We are here to help those who willing to be help. Those who dont listen our advise, your time will come. Just the matter of time.

This post has been edited by DrFX: Jul 19 2021, 10:34 PM
TSDrFX
post Jul 21 2021, 03:57 PM

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QUOTE(greyPJ @ Jul 21 2021, 08:58 AM)
pls add drcfx to scam list
start active
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Mind to provide us more information about this drcfx? Which broker are they trading with? Any myfxbook?
TSDrFX
post Jul 23 2021, 03:32 PM

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QUOTE(MUM @ Jul 23 2021, 03:24 PM)
while waiting for the 2 SIFUS to response,....
i got this from the web.
https://www.sc.com.my/regulation/enforcemen...stor-alert-list
just a note,...i don't think it is a "FAKE", for they did not imitate any entity or use copy righted trademark...
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Hi MUM,

The FAKE is not bout brand, entity or copyright. It's about the FAKE TRADES and FAKES PROFITS.

This post has been edited by DrFX: Jul 23 2021, 03:33 PM
TSDrFX
post Jul 23 2021, 03:34 PM

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QUOTE(dampshit @ Jul 23 2021, 03:12 PM)
Dearr DrFx And Terry Tan.  I just make cleared off it I don't trust Trumph fx. My client keep promoting Triumph fx to me and having zoom private session for 1 on 1 later 3.30pm. Would you 2 pretend my friend and join in the zoom meeting and debate with the high level member? I really want to give them a solid debate that triumph fx is fake.
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Apologized, we are not FREE for any debate. It's a waste of time to debate with a brainwashed scammer.
TSDrFX
post Jul 23 2021, 11:59 PM

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QUOTE(dampshit @ Jul 23 2021, 08:36 PM)
Just to share my 1 on 1 zoom meeting.
I have highlighted all the point listed here to the high rank member. Just they have all beautiful answer to the all point.

Just one point that I want get more explanation from your all sifus. Is there possible to manipulate the delay trading records which showed in MT4? What I get from them there is no possible to manipulate the delay trading records in MT4 since MT4 is a valid and secure platform?

Sorry I not really good in forex trading. Anyone can explain to me and possible to it. So I can reject my client with strong point.
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dampshit, we wonder whats your answer now. MT4 trades can or cannot be manipulated?

Terry, thanks for sharing above screenshot to show how to open a fake trade. Guess what the scammer will say, the screenshots must be photoshop. drool.gif
TSDrFX
post Jul 28 2021, 03:49 PM

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QUOTE(TheKraken @ Jul 28 2021, 12:17 PM)
Aren't you drFX tired of talking to yourself (TerryTan)? People now know DrFX and Terrytan are the same guy. You created this thread to promote vesbolt by thrashing every competitors out there. And vestbolt blew people's accounts too.

Nevertheless, I have to credit you for creating this thread. You have certainly brought education but I smelled your hidden agenda from day one.  And now I have evidence you are also the same kind of scammers you are thrashing on this thread every day.

All these "Ang Mo" traders you wrote on vesbolt webpage are fake!

user posted image

Time to come clean, before I show your real face to the entire world.
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Hi TheKraken,

We never promote Vesbolt. We have been neutral since the beginning. Let us know which fake FX on the SCAM list that make you unhappy.

We have many brokers on the genuine FX brokers list, dont think every brokers are working with Vesbolt.




TSDrFX
post Jul 30 2021, 05:11 AM

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Current ACTIVE FX SCAMS in MALAYSIA.

TRIUMPHFX
VEXTRADER
SAMTRADEFX
UW GLOBAL
GREX CAPITAL

Potential SCAM - TradeHall


This post has been edited by DrFX: Jul 30 2021, 05:11 AM
TSDrFX
post Aug 2 2021, 08:24 PM

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QUOTE(viruz @ Aug 2 2021, 01:20 PM)
Another potential scam broker. https://www.augsmarkets.com/?lang=en

Vanuatu regulation, Labuan Regulation,and mislead with Canadian FINTRAC regulation.
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Mind to share what are they offering? Investment? Any myfxbook? Yes, this broker does not have top tier license.
TSDrFX
post Aug 2 2021, 08:36 PM

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QUOTE(Reader2008 @ Aug 2 2021, 01:24 PM)
Hi, does anyone know about https://cjcmarketsglobal.com/?

Is it a legit broker?
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Hi Reader2008

Why do you need to use this broker and what do they offer?
TSDrFX
post Aug 4 2021, 02:48 AM

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QUOTE(DanialR @ Aug 4 2021, 01:34 AM)
So red flag?
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Yes, we have added to the SCAM list. It is an unregulated broker that trying to tell everyone they are NFA non member.
TSDrFX
post Aug 6 2021, 11:43 PM

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QUOTE(pattenzmobile @ Aug 6 2021, 09:46 PM)
Hi, anyone heard of ATFX where profit around 5-10%. Is it under scam plan too?
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ATFX is on our genuine FX broker list. For the investment, you have to verify their past performance either by Myfxbook or account statement. Not by words.

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