Good point, but if BROKER is NOT LEGIT, then programme GUARANTEED is a SCAM, just like PrimaFX.

Our side show the trades are manipulated! PrimaFX is a FX SCAM!

Yes Stevelai, it's tier 4 offshore license without strict requirements and no credibility.

We called it tissue paper license.

All the so called licenses are not license except Cysec which is a rubbish regulator that ignore complaints.

Those like Bafin are just cross border registration. All scam investments are under offshore. Non cysec. Cysec is tier 3 license which is the cheapest license in an European islands, however, they do not get the license by application, they used the scams money to took over an existing Cysec firm then changed the name to TriumphFX.

iFXEXPO can join easily by paying for the booth. That's all.

TriumphFX is the biggest FX SCAM!

This post has been edited by DrFX: Oct 8 2021, 07:25 PM

Welcome to the elite members club of this thread. Your DD helped many innocent investors.

XM is a legit broker, but not a good broker.

It's a market maker that hunt small accounts. Many slippages complains.

It’s a nasty broker. Traders experienced bad slippages way beyond market price.

Hi SKL,

Labuan FSA is tier 3 license, better than toilet and tissue paper but still a paper.

It’s getting popular among FX Scams.

Malaysia Boleh!

Janis Urste is just an actor hired by Indonesian SCAM broker!

They can have the license but fund may still go to offshore or somewhere unknown. Labuan leverage is limited to 1:100. UW Global is Labuan regulated and owned by the Indonesian SCAM broker Sentratama!

Not break rice bowl. Trying to stop daylight con job for good.

We need more volunteers to file complaints to the authorities. Not only expose, but we want to hunt down FX SCAMS!

complaints@fsaseychelles.sc
whistleblowing@cysec.gov.cy
authorisations@cysec.gov.cy

Yes it is safe. These brokers are required to practice similar onshore rules and regulations with offshore license except leverage.

All top tier brokers are the same.

You are welcome, Steve.

Now we can see which FX SCAM are you promoting. Your turn will come. We know a couple of victims from Penang. Not many victims like to shout online like you.

Again here is not a place for FX scammer. You can invest all your saving with Sentratama, that still doesnt proof it is a genuine FX. If you cant find a victim, that also doesnt mean it is a genuine FX. Here we learned to identify FX scam before it turn into catastrophe. Just the matter time.

This post has been edited by DrFX: Nov 4 2021, 04:40 AM

Thank you so much for the good news. Now people can file complaints to ASIC on this FX SCAM.

They follow TriumphFX footstep by bought over an existing company (GIB & Capital Group Pty). Then make funny announcement that this company has no right to use their AFSL license.

Seriously, they think everyone are idiots. The information is available to public on ASIC site.

For those like to file complaints regarding this FX SCAM, here is the link.
https://asic.gov.au/about-asic/contact-us/h...onduct-to-asic/

Multibank Group is a proper licensed FX broker. We never try this broker before. Perhaps someone can share some experiences here.

This post has been edited by DrFX: Nov 5 2021, 11:03 PM

Avoid such broker mean avoid world top 20 brokers? Every single of them are offering this type of local deposit for Malaysian due to wire limitation. Singaporean has no problem sending money in and out anytime with open market. Unlike Malaysia, thanks to all the politician sending illegal money out of Malaysia like those in pandora box.

From our experiences, there is no big deal as long as you can prove the transaction with payment receipt and the trading account statement. No one can freeze your bank account or investigated under AMLA if the brokers you are using are well regulated. Top regulated brokers have their legal department, compliance department, internal and external audit, KYC, etc.

Instead of avoid broker, you can avoid using local deposit and go for wiretransfer option. But again you have to pay higher wire charges and potentially alert the bank negara on sending/receiving bigger amount.

This post has been edited by DrFX: Nov 11 2021, 05:07 PM

Please send us the proof, so we can remove them from our genuine broker list.

For example, account statement that show his account equity, withdrawal request screenshot or the communication email with the broker. What's the reason given by the broker that the withdrawal is not being process?