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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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Supreme1394
post Oct 7 2020, 03:54 PM

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QUOTE(Heyabunene52397 @ Oct 7 2020, 03:08 PM)
Yeah. I'm looking for one, bcoz my own trading skill is bad. I find that shoppee sells those forex robot for a meagre RM30-100 only. Dunno can trust or not.

Any sifu got any experience in this AI/bot or not.  notworthy.gif  notworthy.gif
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Nobody will sell anything that works for that amount. Forex EAs will never work for long term anyway.
Supreme1394
post Oct 12 2020, 06:22 PM

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QUOTE(revine @ Oct 12 2020, 05:55 PM)
Hi guys,

Wanna ask if this robot trading genuine and is it good?

I read from the web, and the history trading that the robot had over 10 years. Seems quite good.

https://www.wallstreet-forex.com/

Thank you all for your opinion. First of all, again I am not a markerter of this robot thinggie, and I am also not an investor. Please dont judge me on the far side ok? Thank you
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Always ask yourself, if it's as good as they claim, why are they trying to sell off their golden goose for a meager $200+ usd? They are far better off trading for banks with such a 'sure fire' EA and taking all the money in the market. Instead they are trying to sell it off to the internet, and in a zero sum game as forex, is just financial suicide... unless you are their means of making money.
Supreme1394
post Oct 18 2020, 01:53 PM

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QUOTE(AnasM @ Oct 18 2020, 10:26 AM)
u can ask https://www.tyyap.com/
why he still sell the course if he can make money
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If they can make money via trading, they will be spending all their time trading and not doing courses. Setting up courses is not easy, gotta spend on ads, gotta spend long time standing, talking and explaining, hoping to sell their next level course while at it.

In a zero sum forex game, people who take the trouble to sell courses are either teaching basic stuff found on the internet, or some technique which may work in real trading, but requires a lot of "subjectivity" for the edge to work, or things which don't work outright.

Whatever the reason may be, selling forex courses sure is earning them much more money than actually trading, if not no monkeys will ever bother selling courses ever.
Supreme1394
post Oct 27 2020, 03:27 PM

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QUOTE(Clement1001 @ Oct 27 2020, 12:17 PM)
Went for talks that promote Emas Fintech, Basically, they are saying that they created software that they are linked to several big exchanges (Binance, Liquid, Kraken and etc) and from there they are able to trade almost guarantee profit by the variable spread from all these exchanges. They say the exchange gives them the priority to trade in the spreads within 20 seconds. Monthly guarantee 10-20% monthly, wow.

But when I ask the transparency of it, he says it's a secret and you only get to see the report end of the day, and they don't trade every day.
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Jjptr reincarnated? Lol
Supreme1394
post Oct 28 2020, 07:00 PM

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QUOTE(Xanapammm @ Oct 28 2020, 06:55 PM)
Which broker should I use? Looking one for with low fees/spread. Thank you sifus, btw I’m only working part time so it would be hard to supply info like annual income and so on. Is etoro good?
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I recommend icmarkets, been using it for many years. Low spreads and never felt the broker trading against me or going for my stops. Not sure on etoro, heard it's a bucket shop.
Supreme1394
post Oct 28 2020, 11:41 PM

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QUOTE(Xanapammm @ Oct 28 2020, 09:21 PM)
Thanks for the reply! What about Pepperstone? Cause I heard that ICM isnt ASIC regulated anymore
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I have not used pepperstone before, but haven't heard anything bad about it either. ASIC stopped allowing their fx brokers in australia from accepting overseas clients, hence if im not mistaken, unless you're australian you won't be able to enjoy being regulated under ASIC. But icmarkets is still regulated under FSA for us.
Supreme1394
post Oct 30 2020, 01:03 PM

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QUOTE(AliG @ Oct 30 2020, 12:57 PM)
no man... all non-australians accounts are moved to offshore (seychelles, cyprus, etc etc), doesn't matter if it's IC Markets, pepperstone, GoMarkets.. they all did the same.

I think Asic is reducing leverage again. VantageFX just pulled out of China completely.
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Ah yes, I meant to say that. Thanks thumbsup.gif

This post has been edited by Supreme1394: Oct 30 2020, 01:09 PM
Supreme1394
post Nov 26 2020, 12:41 PM

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QUOTE(jeffjeremiah @ Nov 26 2020, 11:55 AM)
I was told that forex returns has been bad this month due to US presidential election. Is anyone here experiencing the same?
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Yup for me at least, -3.45% returns this month, last month was good at 13%

 

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