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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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Brayden888 P
post Oct 24 2020, 05:35 PM

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Joined: Oct 2020
QUOTE(SKL @ Dec 18 2016, 11:02 PM)
1. How do u prove that is fake trading results ? U mean all fund manager trading results is fake or just impressive one only?
2. How do u check their trade are not real time ? can it be slippage?
3. Do u mean MT4 price movement are not real time follow the market?
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Invested in TriumphFX for 3 years, so far no issue with withdrawal of profits.
But need to select the correct traders.
Brayden888 P
post Oct 24 2020, 05:40 PM

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QUOTE(kuladruw @ Sep 2 2020, 09:01 AM)
what is the MexGroup financial license number?
the owner didnt link the trading account on myfxbook properly, it says "track record not verified". better ask owner setup managed account, fxtm has pamm
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Yes, Libronic switched to MEX from Vantage.
But seems like they are also having issue with MEX right now.
Trading are intermittent, trade, pause...trade ....pause...trade..pause...
Based on my information, MEX seems to be making things difficult for them.

Not really smooth till now, Investors are losing confidence, the withdrwal are also facing a lots of glitches.
Brayden888 P
post Nov 21 2020, 11:08 PM

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QUOTE(DrFX @ Oct 24 2020, 07:49 PM)
You are not one of the investors but a competitor. Your words have no creditability.
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Hello. Libronic has changed from MEX to USG.
I am one of the investor, currently USG seems to be stable, although some fine tuning is still require.
Wake up your idea if you do not have any thing! biggrin.gif biggrin.gif

Brayden888 P
post May 15 2021, 03:28 PM

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QUOTE(fairylord @ Aug 5 2020, 07:31 PM)
Libronic , heard the result really favourable.

Not sure how to verify if genuine whistling.gif .
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Cannot withdraw money since Dec 2020.
Today is May 2021.
Heard a lot from Libronic founder Hayes on his "PLAN"
So far nothing and no money return.

Any Libronic Investor here? bangwall.gif bangwall.gif bangwall.gif
Brayden888 P
post May 15 2021, 05:56 PM

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Joined: Oct 2020
QUOTE(TheKraken @ Apr 2 2021, 09:28 AM)
Ouch, libronic fx, no one was able to withdraw since December!!🤣🤣
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Yes, with USG Global FX since December 2020.
No withdrawal can be process.
Libronic FX founder Hayes has been giving a lots of "plans" since Jan 2021.
As of today May 2021, nothing and no money has been return to investor from what I know.
USG Global has since revamped to become USG forex under another regulation but still no money can be withdraw.
Just be careful.

Libronic is currently changing to another new broker call FX Primus and started to take in new funds from investor again.
Not sure if this is another hole. bangwall.gif bangwall.gif bangwall.gif
Brayden888 P
post May 15 2021, 06:06 PM

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Joined: Oct 2020
QUOTE(AliG @ Apr 2 2021, 10:24 PM)
No one knows the trading performance. They only see P/L in their accounts. Master Account is a myth. They released the following statements:

****************************************************************************************************
Libronic updates summary for two Zoom meetings, 26 Mar 21;

1. Hayes showed the Libronic backoffice trading account in USGFX. There was USD $63+ Million, quashing rumours that the reason we cannot withdraw from our USGFX accounts was due to “floating losses”

2. As to why withdrawal in USGFX has came to a halt, as of December 2021, Libronic encouraged all her users to stop depositing funds into USGFX. This was around the time USGFX completely stopped processing all Libronic withdrawal requests. Hayes remarked that such behaviour is UNACCEPTABLE, hence the need to find a new broker.

3. Hayes will be having a meeting with the upper management USGFX to discuss porting of our funds to new broker in the coming days. Meanwhile Libronic is exploring alternative methods to solve the clients’ withdrawal issue. One of it is that in next few days, Libronic  will have a new SOP outlined. This SOP will be the state how much each of us can withdraw, weighted against the profits Libronic makes (both from those of us within the Libronic hierarchy & from corporate accounts outside of our Libronic hierarchy). All our funds will be divided into 3 portions;
i. Capital (post all withdrawal amounts)
ii. Profits
iii. Commissions
More updates will be given after Hayes has carefully studied and consider our options.

4. Meanwhile, for Singapore clients, Libronic is exploring using FX Primus.  If all goes well, those with Vantage accounts will be ported to FX Primus, and in future, recruitment will be via a link generated in our Libronicfx.com back office, from there, new referrals will be able to create a FX Primus Account. Lmax is geared more towards the China market, and the trades taken may differ as Lmax leverage is 1:200, thereby requiring Libronic to take longer timeframe trades to make the profits worthwhile, vs the “hit and run trades” we usually see in a 1:500 environment.

5. Hayes just received updates from FX Primus that their PAMM account is ready, and Libronic will be plugging in their AI trading bots to test the trading environment in FX Primus next week.
********************************************************************************************************

FX Primus is a 500% a SCAM BROKER bangwall.gif  bangwall.gif
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No reason given by Hayes why USG FX cannot return the money, just "UNACCEPTABLE"? Something is not right.Both USG and Libronic is hiding something. bangwall.gif bangwall.gif bangwall.gif

 

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