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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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Ilogic
post Mar 26 2018, 11:13 AM

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QUOTE(DrFX @ Feb 24 2018, 04:33 AM)
The web site stated that the company is under St. Vincent and the Grenadines. The group also under US NFA and Australia ASIC but not license as a broker. It should be a proprietary trading license.

Anyway, make sure your accounts or funds are under US NFA or Australia ASIC.

NEVER EVER trade or invest under unregulated St. Vincent offshore company.
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Hi.im new. Wnna ask bout this segregated acc.
My sibling already invest in little amount in MIA.
Their web stated ttht they have segregated acc but i dun see virtual acc(usualy we hv it in stock trading) of my sibling.
Or is thre any diffrence system btween stock trading n forex bout this segregated acc?
N smething bout deposit also confusing me bcoz they had us to do deposit to private acc(not into a virtual acc of investor) which can be diff in 1st n 2nd deposit..
So hw do we know tht they put our money in segregated acc?


This post has been edited by Ilogic: Mar 26 2018, 11:29 AM
Ilogic
post Mar 27 2018, 07:06 PM

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QUOTE(DrFX @ Mar 27 2018, 02:35 AM)
If they do not hold a proper license, segregated account is just a gimmick. So first, make sure they are having a good financial license.

2nd. Funds must go to the licensed company segregated bank account. Do not bank in to any 3rd party bank accounts and also beware when they request you to bank in to an account under different country where they hold their license.

So if they ask you to bank in to some other accounts, then you should know the answer whether they are genuine or not.

Be very careful and stay alert!
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Thank u fr responding.
Mia. They r using mt4 platform fr trading but instead of delivering real time trading they give us only the report of result frm the trading in which they reason to prevent copy trade frm unofficial users.(this has been quite a bother)
Wht is ur view point bout this?
Ive attached a file related
Ilogic
post Mar 27 2018, 07:07 PM

New Member
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3 posts

Joined: Mar 2018
QUOTE(DrFX @ Mar 27 2018, 02:35 AM)
If they do not hold a proper license, segregated account is just a gimmick. So first, make sure they are having a good financial license.

2nd. Funds must go to the licensed company segregated bank account. Do not bank in to any 3rd party bank accounts and also beware when they request you to bank in to an account under different country where they hold their license.

So if they ask you to bank in to some other accounts, then you should know the answer whether they are genuine or not.

Be very careful and stay alert!
*
Thank u fr responding.
Mia. They r using mt4 platform fr trading but instead of delivering real time trading they give us only the report of result frm the trading in which they reason to prevent copy trade frm unofficial users.(this has been quite a bother)
Wht is ur view point bout this?
Ive attached a file related


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