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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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Gravity
post Feb 21 2017, 04:06 PM

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hi TS, can i know whether HotForex is genuine? i understand you mentioned it's from st vincent, but it appears that the review for this broker looks pretty ok. And they offer a lot of PAMM services.

This post has been edited by Gravity: Feb 21 2017, 04:07 PM
Gravity
post Apr 11 2017, 10:27 AM

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QUOTE(DrFX @ Apr 10 2017, 11:28 PM)
Boyboy,

Play at your own risk.

It's up to you to believe. We don't take your money. If you talk about EGO, then you should ask yourself. Know nuts about FX and come over here to challenge everyone like a newbie. Proof will never satisfied you, please enjoy yourself.

Good luck boyboy.
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*edited, it appears XM was being targeted by competitor.

check out this news: https://www.financemagnates.com/forex/broke...se-police-raid/


This post has been edited by Gravity: Apr 11 2017, 10:43 AM
Gravity
post Oct 2 2017, 06:08 PM

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hi guys, recently another friend approached me about odin fx, not much investigation has been done on this. It seems like the broker has been there for awhile.?
Gravity
post Oct 6 2017, 12:40 AM

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QUOTE(DrFX @ Oct 6 2017, 12:12 AM)
Odin is a scam. A big scam with too good to be true manipulated trading records.
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Hi Dr Fx, is there anyway to identify those trades? They kept saying they are Australia regulated and their trading records are not fake... i found it's quite similar to Igofx.
Gravity
post Feb 1 2018, 08:15 PM

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QUOTE(Kick a @ Jan 8 2018, 10:26 PM)
I made the mistake of investing with Charterprime and I'm presently trying to withdraw my investment which isn't proving easy. Could you tell me how quickly they should they be refunding my money? Also, their literature says they
hold an Australian Financial Services License - does this make a difference to your opinion of them?
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I used charterprime to trade for 6 months. so far no issue withdrawing. Is it because you are managed by trader and perhaps there's open trade. If there's open trade, then you can't simply withdraw because you may incur losses if the floats are negative.
Gravity
post Jun 18 2018, 06:47 PM

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Hi guys, i just wanted to share about my recent experience. There are many of my friends came to talk to me regarding MIA/james harrison/odincapital / fintech fx. I believe they are all in the same group. This fake person james harrison traded on odin capital and then now fintech fx.

From my understanding, this guy manage to get double digit return but drawdown is kept at 1%. This is completely nonsense . How can someone achieve this?

Dr fx, is it possible for you to share more info about this fintechfx so more people are aware that they are scam.
Gravity
post Oct 9 2018, 01:49 AM

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omg, recently these MIA / Fintech FX and sentratama are very rampant.

i've seen people putting million into them. I tried to advise them to look at here to learn more about these scams but i got scolded by them.

Is there anyway to also raise to our local authority? Can try to put them into BNM warning list as well.
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post Oct 16 2018, 05:04 PM

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QUOTE(karedokx @ Oct 14 2018, 04:36 PM)
I was offered an investment at Sentratama and a few days ago I met in person with Janis Urste as the chief trader/owner of GFS (a company that do the investment for Sentratama). Talk a lot with this Janis Urste. He has lived at Jakarta for 8 years now. Speak fluent bahasa. I met his trading team at his office at Slipi area at Jakarta. He got quite a lot of institutional clients too.

He seems to be very genuine to me. He never promise of high return for the investment in his company. Even he asked me, I plan to invest my money for how long. If i plan to hold it for more than 2 years, he suggested to invest in stock market rather than the forex. Bottomline, to me, he seems so genuine and capable in the investment.

If I may know, what's is the reason you guys put him as a scam? I try to search it in this thread but couln't really find the reason. Thx in advance 🙏

Note: Regarding the MIA Fintechfx that are really 'booming' right now at Indonesia, I totally agree with u guys, that MIA is really suspicious.
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Institution clients wont put money in Sentratama.

And if he's really that good, i doubt he will spend time talking to people.
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post Nov 30 2018, 06:48 PM

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QUOTE(smartly @ Nov 30 2018, 11:59 AM)
wow...too good to be true. hmm.gif
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agree.. i think the drawdown could be like 70-80% lol
biggrin.gif
Gravity
post Mar 8 2019, 03:48 PM

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guys, i heard Fortfs also facing issues. Anyone traded with them?
Gravity
post Mar 8 2019, 04:40 PM

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QUOTE(jack2 @ Mar 8 2019, 04:11 PM)
What jssue?
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withdrawal issue
Gravity
post Jul 2 2019, 07:15 PM

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There's another company recently called goldtinkle.. anyone heard of it?
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post Jan 10 2020, 02:27 PM

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I guess the "HOT" scam platform now are these right:

1) TLC, IBH
2) Sentratama
3) goldtinkle
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post Jun 17 2020, 06:53 PM

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how is IBH/TLC doing ah? still operating?
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post Jul 9 2020, 04:19 PM

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QUOTE(Ysabel @ Jul 8 2020, 11:13 AM)
RG Affiliate Sdn Bhd
Broker: Starling Gold Asset Management HK

Don't know have anyone heard about this company before, they are promoting Gold Price Investment (GPI) which is provide guarantee returns. RG Affiliate Sdn Bhd is their so call customer service in Malaysia. High chance is scam.

Just want to highlight this and stay alert.
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Hk company doing gold? smell like scam. Last time goldtinkle also like that.

Btw, your myfxbook result looks good. U self trade?
Gravity
post Jul 17 2020, 05:01 PM

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QUOTE(Ysabel @ Jul 14 2020, 05:16 PM)
He said he uses semi automated trading.
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the result looks good. Can your friend trade for other ppl also? please check your pm tongue.gif im interested
Gravity
post Aug 4 2020, 01:30 PM

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another potential scam broker - veonco

anyone heard of it?
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post Aug 9 2020, 01:24 AM

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QUOTE(khoonming @ Aug 7 2020, 09:53 PM)
New tricks from Union Trader Society (UTS)(sentratama),they will ask you to bank into Mandiri bank(Mandiri International Remiitance Sdn Bhd), then they will say its very safe if inside bank, they say if broker run away, money still inside bank. Then i duono move money to their bank acc.
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wow that's very tricky. i wonder why people still believe this s***
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post Aug 14 2020, 11:50 AM

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QUOTE(splashz @ Aug 11 2020, 06:18 PM)
do you know about uw-global.com bro... any advice ? thanks before
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Hi, never heard before.
Gravity
post Jan 30 2021, 03:33 PM

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hi guys, recently was approached by an old friend. He shared me this:

https://www.myfxbook.com/members/sealarkfth...-usd-5k/7481507

Anyone heard about this slk thingy?

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