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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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Sherman Kong
post Dec 9 2021, 11:32 AM

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Hi guys, just wanna ask if Triumph FX is a legit broker? One of my family members is using PAMM as recommended by one of the fund managers. Could see consistent profit for the past few months, just wanna double check if it's reliable and trusthworthy.
Sherman Kong
post Dec 9 2021, 01:41 PM

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QUOTE(MUM @ Dec 9 2021, 12:29 PM)
listed in post 1, item 6, ....under List of SCAM Forex Firms/Brokers !ALERT!

there had been many postings about it in this thread,...read back past postings if you are interested

there had also been a recent posting about it in
Is the commodity buying programe TFXI,TriumphFX, Lately my friend invite me to join
https://forum.lowyat.net/topic/5207554/+20#entry103031983
try read post 37

MAS alert listed....
https://www.mas.gov.sg/investor-alert-list?...%20TriumphFX%20
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Oh wow, actually I'm kind of skeptical about the returns. 7% in just 5 weeks. That's even better than investing in the S&P 500! Need to show this to my family members and pulled them out lol.
Sherman Kong
post Dec 9 2021, 03:46 PM

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QUOTE(terrytan @ Dec 9 2021, 03:31 PM)
Hi Sherman,

7% in just 5 weeks is very common in FX trading. The abnormal is the "consistently" monthly returns for years. TriumphFX basically a ponzi scheme type of fake manipulated FX trading. They scammed many innocent investors at least twice in 2015 and 2016. They continued the scheme even after the directors were jailed in Singapore and told everyone this has nothing to do with the current one, but they were caught using the same web site www.tfxi.com and MT4 server. Best of all, they recycled the Master account of GM Trader to show that they have 7 years "profitable" records.

https://www.todayonline.com/singapore/six-c...lm-scheme-forex
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Hmm, since you said 7% in 5 weeks is very common, I would like to ask if there are any reliable brokers/websites that provide such services? And since it posts a consistent profit, why wouldn't everyone just throw in all the money they got if they find a reliable broker?
Sherman Kong
post Dec 9 2021, 03:48 PM

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QUOTE(MUM @ Dec 9 2021, 02:25 PM)
but then,
do read post 29 posted by dwRK
Forex trading, selling courses = easy money?, Just curious about your thoughts
https://forum.lowyat.net/topic/5221493/+20#entry103055986
mentioned excerpt
"it is true trading forex and crypto... really durian runtoh and money drop from the sky... that if you know what you are doing"
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Actually, from my perspective, trading forex is a legit thing. But some scammers/gurus keep selling courses, tricked people into those guaranteed returns. That's why people if heard I trade forex for a living, they will assume you are those people who cheat money lol.
Sherman Kong
post Dec 9 2021, 04:05 PM

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QUOTE(terrytan @ Dec 9 2021, 03:52 PM)
As mentioned, consistently 7% every months is abnormal. Genuine FX trading always up and down with risk.

Shall PM you on the web site.
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Okay thanks!
Sherman Kong
post May 16 2022, 10:29 PM

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QUOTE(Poksilap @ May 16 2022, 04:58 PM)
This thread is mentioned by an Indonesian Youtuber in his video about Triumphfx. (I cannot post the link here because my account still not enough star, you could search yourself, the video's name is EOB INFINITY FUND MANAGERNYA TRIUMPHFX by LetMeShare)
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Mind to share what he mention? My bahasa not good lol

 

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