How about RoboForex?SCAM?

Invested in TriumphFX for 3 years, so far no issue with withdrawal of profits.
But need to select the correct traders.

I'm sorry to ask but may I know how can I check whether a company has a valid FX broker license?

Anyone using IAL Forex Broker ?

https://ial.group/

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

Anyone here trade at IG.com? Last week managed to deposit fund, but after that tried to withdraw the fund, got it after 2 working Day, now want to deposit the fund again but always failed, asked to call card issuer (Bank)

anyone heard of liquidity provider - broker investment s.r.o or bisholding

We have repeated many times. TriumphFX is a FX SCAM. Stay away!

XM is legit, however, it's a bad market maker.

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  

I did not invest in Forex yet but I think if anyone can just scam the Open Price trade, no one is safe..

Not even if there have top tier regulation complicance, it means nothing.. In fact, I am quite worried about all the available broker no matter how compliance there are..

Just sharing what I think.. No offense..

Guys, triumphfx is getting more people join around my city, is that anything we can do?

Not break rice bowl. Trying to stop daylight con job for good.

newbie here, not into FX, just some regular stocks/crypto/bonds and stuff. but joined to read all the posts and educate myself. plus, sadly have a relative adamant about joining samtradefx despite me/wife warning him and telling him all the red flags.

while I feel a bit sad that people are going to get scammed, on the other hand, we'll have to let them learn their lesson the hard way. just hope that their immediate family members won't have to be the ones picking up the pieces when everything comes crashing down.

especially those who are blinded by greed can no longer be saved. whatever we point out as red flags, as obvious manipulation etc can end up as us "preventing" them from huat big time, or we are plain jealous of their "profits". or even worse, they become part of the scam and perpetuate the scam to "earn" more from their downlines.

and when the scam comes crashing down, those of us who gave advice or tried telling them would probably end up being accused of causing their "scam" to fail because surely some would have reported their scam etc, or all because there are too many people like us who don't want to see them succeed or we are jealous.

now, I just want to see how samtradefx ends up, so I can ask him "eh, how's your samtrade thing?"

You are welcome, Steve.

split lor...

You can deposit with the same method by split into few days or same day with different deposit methods.

Multibank Group is a proper licensed FX broker. We never try this broker before. Perhaps someone can share some experiences here.

Yeah...

I am using many brokers, Pepperstone, Axi, FXCM, Swissquote, ICM, AIMS, FusionMarkets etc.

Depend on what you looking for. I can recommend you some based on your requirements.

Hi terrytan,

Thanks for your clarifications.

One of my brokers is Pepperstone, and they do offer the said Local Bank Transfer method, in addition to the conventional wire transfer/FTT method.

I just feel a bit uncomfortable that the Beneficiary name and the Broker's name don't match in our transfer statement, albeit the funds do get deposited into our live trading account.  Hopefully won't raise a money laundering red flag when local authorities see funds are deposited into our trading account but we can't prove that we paid to the corresponding Beneficiary name in our bank statement, although the amount is the same.  I thought we have to show that the source of incoming and outgoing funds must be identical.  On the broker account statement we can prove this part, but not when the authorities ask you to show the local bank statement to prove that we transferred to the same Beneficiary (e.g. Ah Kow Trading Enterprise would appear on our bank statement instead)!!

Apart from that, this Local Transfer method is certainly making the transfer process much faster and cheaper, since there's no separate transfer fee and they offer more attractive exchange rate too.

Not sure if any FX brokers are offering payment services via WISE yet.  I believe WISE is a more popular and internationally recognized payment service provider.