I am a current investor in GFS, via Sentratama. I am not going to argue about whether the broker is legit or not. I saw the 'fake-trading' of MIA's platform, so I just went into my own account to check if I can see similar things. To breath a relieve sign, all trades look legit to me.

All SELL were inside the candles while BUY could be outside the candles (due to spread)

I know people who invested with UTS, it is impossible to get 3% return a month. Typical return is about 12% a year (for investment less than USD100k, after deducting trader fees). The trader is extremely conservative. I am not going to make a judgement whether the broker is scamming people or not. Most scams don't last more than 2 years (look at MIA James Harrison/Fintech, PTFX, etc.)

This post has been edited by AliG: Aug 23 2020, 04:18 PM

It's a broker licensed by LABUAN (Malaysia Boleh!)

You can go to Labuan to check them out. They have office and real people there.

Thanks, interesting

This post has been edited by AliG: Aug 25 2020, 09:38 PM

They used PAMM (instead of MAM) so investors cannot see any trades. The only things they saw on their accounts are 'balance, balance, balance...etc". These are closed trade P/L. Nobody know what are the floating trades and how they are doing.

[delete]

This post has been edited by AliG: Aug 25 2020, 09:41 PM

what is Libronic? who is the trader? have you met the trader in person? Are you guys in anyway associated with libronic.com from UK?

We are living in the world, where 'vouching' means nothing, I'm not trying to take personal swipe at you and Jing.here. We are in the world, where you have to show us the evidence and not asking us to put our faith in internet strangers. We all wish that there could be such highly lucrative scheme where investors can get >50% return a month, month after month! Last time I check, there is only 1 Warren Buffett, 1 George Soros, 1 Renaissance Hedge Fund, and they were doing only 30% a year, they all hired thousands of PHD brains, and yet somehow, a few guys in Libronic have managed to put them to shame?

Best Regards

My friend, I have tell you, your comment about " stop new funds from coming in and closing new registrations.." is the weakest justification for investing in Libronic scheme.

At the very minimum, you should provide this:

1. Link Master Account to Myfxbook
2. Show proof of withdrawal

we are talking about risking people's hard earned money here. That's the least you can do.

Check the list of scam brokers, if it's not in the list then it's ok

This is one of the account linked to the Libronicfx PAMM. Looks like they are hitting some big rocks. I also noticed that they pulled down their Facebook page and telegram channel. One of the problem with PAMM is that investors have no clue what's going on behind the scene. The trader can choose to close only the trades which are in profit, letting you withdraw those, while running a huge floating drawdown at the same time. Next thing you know, your account hit margin call the next day.

ya, I 'm not investor in this. This account with investor password was given in their Telegram channel few months ago.

I think TriumphFX is also using PAMM, somehow this login can still be used to see one of their account after many years:
Login 822168
Password: tyson168
Server: TriumpFX-live

no man... all non-australians accounts are moved to offshore (seychelles, cyprus, etc etc), doesn't matter if it's IC Markets, pepperstone, GoMarkets.. they all did the same.

I think Asic is reducing leverage again. VantageFX just pulled out of China completely.

LibronixFX moving again?? First was VantageFX, then was MexGroup, and now they're moving to USGFX??

I spoke to one account manager in MexGroup, looks like they're no longer offering PAMM. They can only do MAM now.. maybe that's the reason that caused the move.

PAMM is more susceptible to fraud because clients cannot see the real situation of their accounts.

Anyone has any experience with Hantec?? It has 9.08 rating on wikifx. But I don't see it on drfx list of genuine and scam brokers.

I don't think you will find anyone who had been scammed by Sentratama (yet). I know many of my ex-colleagues (from Shell Malaysia) who have been letting Janis Urste trade their accounts for more than 6 years, and they have been very happy. Granted, nobody knows the future. Just because they have not been scammed doesn't mean they won't be. But at least, when I checked the trade history from one of my ex-colleagues who has accounts with Sentratama, I didn't see any dodgy things like I saw in OlympusFX and SamtradeFX (where buy price and sell price are both outside of candles!). Also, Sentratama offers leverage of 50 only - definitely not attractive to anyone who are used to trade with 500 leverage.

This post has been edited by AliG: Dec 2 2020, 02:54 AM

Please give examples. I have access to investor account and I haven't seen anything dodgy.

Here is one I found from myfxbook

As far as I am aware of, 90% of retail btokers are dealer desks, meaning they bet against the clients. Client's loss is broker's gain. So brokers are essentially online casinos. Those who offers more than 200 leverage never route client's orders to the real forex market where central banks and large funds are trading.

There is no need to be so defensive, when someone present a view that contradict yours. I was asking for proof, you said you have tested many fake trades on sentratama account but you have shown none. And then when you resort to your typical style of belittling others who disagree with you.

you have the link to myfxbook, instead of telling me to open my eye and learn, which is effectly saying nothing, why don't you point out exactly, how you can tell so EASILY this is a fake myfxbook? Just because he trades with less than 2% DD, so it must be faked?
https://www.myfxbook.com/members/95bcwh/elite-500/2648952

Btw I have seen him trading with -8.8% drawdown. Does that make him more legit?

And you don't see an equity line on myfxbook chart, that is because myfxbook plot ONE POINT PER DAY, and he opened and closed each trade within the same day, he doesn't hold trades overnight. So it is impossible to see a separation of equity line vs balance line on myfxbook chart. You will only see a separation between the two lines when a trade is held over night, and equity today is different from equity yesterday, while the balance remain the same on both day.

I can understand all the rest of the arguments against Sentratama - indonesian broker - sounds dodgy by default. BTW, He also traded with UW Global, a broker registered in Labuan, Malaysia.

These are two recent trades he took, how can you tell from the charts that these trades were fraudulents?
Winner

Loser


Again, I have no account with Sentratama, I visited this page to discuss scam broker, if there are solid proof that Janis Urste is a fraud, I am dying to know, so I can tell all my friends to pull out IMMEDIATELY. But honestly, I am a bit disappointed with the attitude here. I know this post will not be received well, and I can predict what's going to happen next, more names calling coming my way (without offerring any proof that can actually stand in court).

When I said a scheme is scam is because I have proof without a reasonable doubt. Now NET89 (or Smartxbot) is 1200% scam and whoever is in it need to get out and run fast. I have proof but I don't want to cause a panic. People can pm me and I will send them a link to show the proof. It's mind-blowing, how come people can't even do simple video capture of their live trades?? The frauds are so obvious.

And it goes without saying that the 3 brokers used by NET89 are all fraudulent
- zentrade
- maxglobalfx
- global premier

This post has been edited by AliG: Dec 16 2020, 03:36 PM

He cannot. I have spoken to people in charge of sales. They themselves also don't know the extent of floating drawdown. At the moment withdrawal from Libronicfx takes about 1 to 2 months.