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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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sainod
post Jun 12 2017, 11:08 AM

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QUOTE(duplicated @ Jun 11 2017, 10:43 PM)
DrFX, read my comment properly once again.
I said for this particular case, it shouldn't be the basis for our judgement, regardless if IGOFX is a scam or not.

You have to keep your objectivity in this kind of thread. Omit speculations.
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Yes, as Dr.FX says u have much to learn. V.... is highly likely to be associated to the broker to join arms and create a lost trades to show all accounts have burst to fail trade, but in actual fact there is no liquid provider or any actual trade and the back.

Similar case to Pruton Capital
xchris
post Jun 12 2017, 01:27 PM

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I am one of the unvestors in igo. At first everything seems normal but I saw some managers start to act out of the norm like trade heavily , stop trading..etc. Luckily I switched to a lower rank manager and earned double on Friday. Today I received back all my profits and exit from igo. I suspect the same thing, there was no actual trades and they used the crash in GBP to sapu all the money. They used the profits to pay up thev10% who won. I found that many new managers started this year and have good returns just to entice investors. In Jun 2016 , after Brexit, GBP crashed so VGod or MFM should have not traded. Another thing is why the stop loss was not triggered.
duplicated
post Jun 12 2017, 01:48 PM

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QUOTE(sainod @ Jun 12 2017, 11:08 AM)
Yes, as Dr.FX says u have much to learn. V.... is highly likely to be associated to the broker to join arms and create a lost trades to show all accounts have burst to fail trade, but in actual fact there is no liquid provider or any actual trade and the back.

Similar case to Pruton Capital
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You should keep things objective and provide the evidences. Doesn't matter if I have a lot to learn or if I am actually making a lot of money, that's not relevant. We are here to alert the newbies about scam brokers and we should provide evidences or at least a doubt. If you think that Vladislav is associated with the broker, explain it and share it. Do not simply say this is a scam and that is a scam.

I personally think IGOFX is very likely to be a scam because of the nature of their broker's set up, market maker. I am trying to help DrFX in making this thread more 'reliable' rather than just being speculative.

Here you said that there's no actual liquidity provider for IGOFX or no real trades were being executed by Vladislav, please provide the evidence. You are here to help and not to launch personal attacks, right?
SUSMNet
post Jun 12 2017, 02:34 PM

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yes please provide evidence if u say igofx trade is not feed to LP
TSDrFX
post Jun 12 2017, 02:48 PM

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QUOTE(duplicated @ Jun 12 2017, 01:48 PM)
You should keep things objective and provide the evidences. Doesn't matter if I have a lot to learn or if I am actually making a lot of money, that's not relevant. We are here to alert the newbies about scam brokers and we should provide evidences or at least a doubt. If you think that Vladislav is associated with the broker, explain it and share it. Do not simply say this is a scam and that is a scam.

I personally think IGOFX is very likely to be a scam because of the nature of their broker's set up, market maker. I am trying to help DrFX in making this thread more 'reliable' rather than just being speculative.

Here you said that there's no actual liquidity provider for IGOFX or no real trades were being executed by Vladislav, please provide the evidence. You are here to help and not to launch personal attacks, right?
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Hi duplicated,

The fact that when you asked for evidence, you are challenging our decision and refuse to accept what we have provided.

AGAIN WE WOULD LIKE TO REPEAT, IF YOU ASK FOR EVIDENCE, PLEASE FIND IT YOURSELF. TO FIGHT SCAMS, WE ARE USING INDICATIONS. YOU WONT ASK THE SCAMMER TO PROVIDE YOU THE EVIDENCE THAT THEY ARE NOT A SCAM BECAUSE THEY WONT KILL THEMSELVES.

So if you want evidence, go ask IGOFX owners to provide you their liquidity provider (top tier licensed) daily/monthly statements. WE GUARANTEED THEY DONT HAVE IT.

We have mentioned in our previous posts, IGOFX using toilet paper VANUATU license worth RM10k which is no credibility, no investor protection, no MT4 live trading, fake web report, etc. We have explained and shared after investigation. Did you read?

After IGOFX game over, still refuse to accept the fact it is a scam? May be you make a lot money from it, so what about those who are scammed with major losses?


TSDrFX
post Jun 12 2017, 02:49 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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Somehow you are acting like a newbie after we thought you are professional.
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.
duplicated
post Jun 12 2017, 03:33 PM

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QUOTE(DrFX @ Jun 12 2017, 02:48 PM)
Hi duplicated,

The fact that when you asked for evidence, you are challenging our decision and refuse to accept what we have provided.

AGAIN WE WOULD LIKE TO REPEAT, IF YOU ASK FOR EVIDENCE, PLEASE FIND IT YOURSELF. TO FIGHT SCAMS, WE ARE USING INDICATIONS. YOU WONT ASK THE SCAMMER TO PROVIDE YOU THE EVIDENCE THAT THEY ARE NOT A SCAM BECAUSE THEY WONT KILL THEMSELVES.

So if you want evidence, go ask IGOFX owners to provide you their liquidity provider (top tier licensed) daily/monthly statements. WE GUARANTEED THEY DONT HAVE IT.

We have mentioned in our previous posts, IGOFX using toilet paper VANUATU license worth RM10k which is no credibility, no investor protection, no MT4 live trading, fake web report, etc. We have explained and shared after investigation. Did you read?

After IGOFX game over, still refuse to accept the fact it is a scam? May be you make a lot money from it, so what about those who are scammed with major losses?
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If you have stated it earlier then it's fine. Because this is a new case, just happened a few days ago and I did not know that you have actually mentioned it in the past.

However, I would appreciate that you keep things professional and less emotional. You know that capitalised letters mean shouting, don't you?
lowlaywei87
post Jun 12 2017, 07:01 PM

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Actually I had spoke with Igofx live support regarding their licensing over a live chat, the support seem very furious when I challenge their Vanuatu license, keep ask me prove that Vanuatu license is unreliable license, and then stated that I discriminate small license, even I ask in a very polite manner....and then I inquire about their future plan of acquiring multiple license, license A or B, or even C, support just say they will stick to Vanuatu and ask me stay tuned with their website announcement =.=lll
Never meet such denial forex support before honestly......not friendly at all....... =.=lll
SUSAllnGap
post Jun 12 2017, 09:19 PM

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QUOTE(duplicated @ Jun 11 2017, 04:08 PM)
I think it's unfair to label them as a scam from the recent heavy losses by Vladislav. Unless if we can find an association of the broker, IGOFX and the trader, Vladislav. If someone could prove that they are working together and purposely made the losses, then we could label IGOFX as a scam.
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my brother was approached by his friends on this.
so i posted this last year if not mistaken.

if it's not a scam also u shouldnt be on this broker because the spread is simply too high, 2 times the spread for normal broker

these slides are the agents commission system


user posted image

user posted image

user posted image

user posted image

user posted image

user posted image

This post has been edited by AllnGap: Jun 12 2017, 09:20 PM
SUSMNet
post Jun 12 2017, 10:43 PM

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doesn't matter the spread is high as long as can profit
TSDrFX
post Jun 12 2017, 11:58 PM

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QUOTE(duplicated @ Jun 12 2017, 03:33 PM)
If you have stated it earlier then it's fine. Because this is a new case, just happened a few days ago and I did not know that you have actually mentioned it in the past.

However, I would appreciate that you keep things professional and less emotional. You know that capitalised letters mean shouting, don't you?
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We have to put it CAPITAL or Big FONT, so it's clearer, probably should make it red color. We would like to apologise for the cap.
TSDrFX
post Jun 13 2017, 12:11 AM

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QUOTE(AllnGap @ Jun 12 2017, 09:19 PM)
my brother was approached by his friends on this.
so i posted this last year if not mistaken.

if it's not a scam also u shouldnt be on this broker because the spread is simply too high, 2 times the spread for normal broker


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Thanks for sharing. This scam is game over few days ago.
duplicated
post Jun 13 2017, 09:24 AM

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QUOTE(AllnGap @ Jun 12 2017, 09:19 PM)
my brother was approached by his friends on this.
so i posted this last year if not mistaken.

if it's not a scam also u shouldnt be on this broker because the spread is simply too high, 2 times the spread for normal broker

these slides are the agents commission system
user posted image

user posted image

user posted image

user posted image

user posted image

user posted image
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A very good share. The MLM structure is a strong indication of this broker being a scam.
le_su
post Jun 13 2017, 10:02 AM

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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!

This post has been edited by le_su: Jun 13 2017, 10:05 AM
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
cmk96igoscam
post Jun 14 2017, 12:49 AM

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Boom, where is cmk and IGOFX now? anyone still in denial IGOFX scam?
cmk96
post Jun 14 2017, 01:14 AM

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QUOTE(cmk96igoscam @ Jun 14 2017, 12:49 AM)
Boom, where is cmk and IGOFX now? anyone still in denial IGOFX scam?
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I'm still here... what makes you think i'm affected by Vladislav?... too bad... i only manual trades... lol.

dreamyboy
post Jun 14 2017, 01:25 AM

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Those who pmed me on igofx. Congrats. My prediction is correct. Been said they will find a way to make a big loss. This method is old but gold.

Btw if u guys want a broker to provide u liquid provider statement, not all will especially if you account is small. When your account is small, most likely you're b book already.

Pm me if u wanna know more about how forex work. Trust me I know inside out unlike someone here wink.gif
TSDrFX
post Jun 14 2017, 01:45 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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Thank you le_su for your testimonial. We are glad to know that you managed to escape in time. We hope this thread able to help more people.

We also would like to thanks those who help without taking credits.

This post has been edited by DrFX: Jun 14 2017, 01:57 AM

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