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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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TheKraken
post Dec 18 2020, 12:40 AM

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QUOTE(Lucas0323 @ Dec 16 2020, 04:11 PM)
Sometimes ppl rather believe those fake exponential gain than believe is a fraud
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https://youtu.be/INmUOfnK9Vs

Here is the video I got from a friend, showing how SmartxBot/Net89 was faking trades. Apparently, many Indonesians were aware of the same thing but they were still undeterred rclxub.gif . I guess, some people are simply beyond salvation. sweat.gif
TheKraken
post Mar 9 2021, 02:01 PM

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Do yourself a favor, on your computer, open your samtradefx account on MT4, open another MT4 account (can be demo) from a reputable broker like IC Markets.

Screen record both.

Then at the end of the day, rewind your recording to the point where Samtradefx started showing trades. You will see samtradefx data feed suddenly behaved differently from IC Markets, if you try to copy the trades, samtradefx data will result in a winner but IC market data will result in a loser. If this is not a fraud (samtradefx manipulation data to fake winners), I don't know what is.

They can have FCA license, all the license in the world, but until they stop faking trades, I won't trust them.

QUOTE(boonjin @ Mar 4 2021, 09:51 PM)
Abit lost as i am relatively new to this, so does this mean that SAMTRADE FX is not a trustable forex broker?
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TheKraken
post Mar 10 2021, 04:31 PM

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QUOTE(Bagholder @ Mar 10 2021, 01:36 PM)
As a current user of SamtradeFX i was a quite concerned on this too.

I did some clarification with their support, i was told that their ASIC is now with the entity name of "SAMTRADE (AUSTRALIA) PTY LTD".

As for FCA. The previous FCA license was under 3rd party therefore they're in the processing of getting a new FCA.

Was also told that they are now pending for MAS, which was why the MLM feature was removed from the brokerage.
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I am amazed by the love crush on samtradefx. Money must be good to the point that No amount of proof can wake people up
😂.
TheKraken
post Mar 11 2021, 01:21 PM

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Here is one broker that I have never heard of.

People asking me about AUSFOREX, claim to have FCA license. Anyone has any experience/opinion about it? Thx
TheKraken
post Mar 11 2021, 04:38 PM

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Dude, you didn't do what I said, so please don't act as if you have debunked my "allegations"

Screen record both samtradefx and another broker's data feed and then post your videos here.

There were posts many pages ago that showed the trades on samtradefx were executed at price outside of what market was offering. If that is not fraud, then I don't know what is.


QUOTE(Bagholder @ Mar 10 2021, 05:34 PM)
Just sharing my findings, so far things has been doing quite well and withdrawals are fast.

I was referred by a friend who know Sam personally, so thats why i had a certain level of trust.

Of course i shouldnt put my money based on that simple trust, thats why im validating all their licenses and also monitoring them regularly.
Regarding the manipulation of data, im not sure if your argument is valid as i did a cross check on their trades yesterday.

Based on the time of entry and SP, they were more or less similar to other broker (compared to IG). There are difference in price, but is very minor almost non relevant
Do you personally have other bad experience with SamTradeFX? please do share ya
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TheKraken
post Apr 2 2021, 09:28 AM

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Ouch, libronic fx, no one was able to withdraw since December!!🤣🤣
TheKraken
post Apr 4 2021, 11:19 AM

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Here is another scam alert: Raffles market FX, their telegram channel
https://t.me/joinchat/RsmL2oms7WxtELD4

Malaysians and Singaporeans are becoming better scammers.

Samtradefx still at large..hard to believe
TheKraken
post Apr 7 2021, 06:45 PM

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Interactive brokers is no scam.

I have been using it to trade futures, stock options for more than 10 years.

Their platform sucks. But their are real stp brokers. No hanky panky.

You need to call to get any customer support though.

QUOTE(waghyu @ Apr 6 2021, 11:17 PM)
Just move to Icmarkets, easy profits withdrawals.

Great support.

But most people never know fake brokers, because never make profits.
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TheKraken
post Apr 18 2021, 08:18 AM

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All brokers that gives you leverage 500 are market makers.



QUOTE(klehfeh @ Apr 17 2021, 02:36 PM)
thanks TerryTan,

do you know whether which one of the above is an ECN or STP ? (trying to avoid market makers ) , prefer to have more predictable fixed commissions (if any) , cause the automated strategy is more towards scalping ( in and exit within 10 - 30 minutes , sometimes up to an hour max ) .

am retail for now so will start 5 k usd , but subsequently after 6 mths if it is ok , will pull in more funds  from some other mini hedge funds partners from Sg .

the pairs  so far tested are EUR/USD  and the Dragon and plan to trade live with these 2 pairs first. 

thanks!
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TheKraken
post Jul 28 2021, 12:17 PM

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QUOTE(DrFX @ Jul 23 2021, 11:59 PM)
dampshit, we wonder whats your answer now. MT4 trades can or cannot be manipulated?

Terry, thanks for sharing above screenshot to show how to open a fake trade. Guess what the scammer will say, the screenshots must be photoshop.  drool.gif
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Aren't you drFX tired of talking to yourself (TerryTan)? People now know DrFX and Terrytan are the same guy. You created this thread to promote vesbolt by thrashing every competitors out there. And vestbolt blew people's accounts too.

Nevertheless, I have to credit you for creating this thread. You have certainly brought education but I smelled your hidden agenda from day one. And now I have evidence you are also the same kind of scammers you are thrashing on this thread every day.

All these "Ang Mo" traders you wrote on vesbolt webpage are fake!

user posted image

Time to come clean, before I show your real face to the entire world.
TheKraken
post Jan 28 2022, 11:19 AM

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Net89 officially exploded today, many people crying
TheKraken
post Apr 25 2024, 05:26 PM

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Kaput already. Broker owner Djohan Darmadi and his UTS gang led by Ernest Lee took all the money. No one gets paid now. Lot's of people cannot tahan already but was told by marketing people to keep quiet because the more they complained they more unlikely they would get money back.

I am not part of them so I can still enjoy watching these videos.

youtu.be/7m3PVdzxiM4
youtu.be/RyRbmOiLR8o?si=f9f_EvFP7_CXBdV6
youtu.be/uWCG3ouRoAw
youtu.be/MnHrb2gBTBs



QUOTE(jack2 @ Dec 22 2023, 12:59 PM)
The Indonesia broker Sentrama is still there?

I met my friend who her cousin is doing/invest in this and he is very rich now. Youngster with luxury life
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TheKraken
post Apr 25 2024, 08:13 PM

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No lah, I heard they stopped paying everyone since mid 2023.
So people "tahan" not getting paid only for less than a year. Lol


QUOTE(jack2 @ Apr 25 2024, 07:12 PM)
oh  ya, can tahan about 10 years plus.
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TheKraken
post Apr 28 2024, 09:00 PM

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Oh ya, is it really 10 years already? I thought Sentratama came out around 2016, ok roughly 10 years.. Wow.. time flies. Lol..

This apek botak, the scammer, apparently he has powerful people in Malaysia supporting him so he is untouchable. Everyone knows it's him but you can't do anything to him.

Malaysia judiciary system so corrupt, a friend of mine, a Malay lawyer, just migrated to Japan. He said he sees no hope.

QUOTE(jack2 @ Apr 25 2024, 09:27 PM)
I mean they have been exist since long time liao
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TheKraken
post May 1 2024, 02:17 AM

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So many alternatives other than YouTube. Rumble, dailymotion, vimeo, bitchute, vevo ..

Scammers can't hide. Karma is waiting.

QUOTE(zib5 @ Apr 30 2024, 04:02 PM)
please watch and download those videos as apparently the scammer has contactd YT to remove the video as it says it has violated his privacy. What privacy does he expect when he scams people millions of dollars of their hard earned money?

Well, the videos will only be removed once he made contact and pay us back. I am sure he is also reading this forum
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TheKraken
post May 1 2024, 06:09 PM

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QUOTE(jack2 @ May 1 2024, 10:44 AM)
I don't know what this video is telling? Mind to enlighten?
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I make life easy for you. Lets see if the scammers can shut down vimeo. Watch in chronological order

English
https://vimeo.com/940094579?share=copy
https://vimeo.com/940080313?share=copy
https://vimeo.com/940100626?share=copy


Chinese
https://vimeo.com/940082922?share=copy
https://vimeo.com/940110378?share=copy
https://vimeo.com/940075792?share=copy
https://vimeo.com/940121758?share=copy

This post has been edited by TheKraken: May 1 2024, 06:09 PM
TheKraken
post May 1 2024, 06:15 PM

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Why you even consider this broker? They offer big rebate?
Admiral has been around for quite some time.

With all forex brokers, the sad fact is, when they don't pay you back your money there's nothing you can do. Most of your accounts are under offshore jurisdiction which means zero regulations.

You want protection? Get an Australian friend to open account for you in IC Markets, they are under ASIC but then you get with leverage below 100.

Largest retail brokers by volumes today is IC Markets, followed by Exness.

QUOTE(froz3nnoob @ Apr 30 2024, 06:51 PM)
Hi is admiral markets FX reliable ?
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TheKraken
post May 1 2024, 06:20 PM

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Hey Mr Zib, your videos have been cut by YouTube or what?

I am not a fan of YouTube because you can pay them to take down contents that you don't like. They are money oriented.

Luckily I downloaded full version before they cut.

QUOTE(zib5 @ Apr 30 2024, 05:21 PM)
DrFX, you are spot on!


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This post has been edited by TheKraken: May 1 2024, 06:22 PM
TheKraken
post May 1 2024, 07:52 PM

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Everybody checked here lah. I know a few relatives and co-workers who kena.

Problem is his brokers have been paying people until 2022. And also everybody knows him, all good friend with him, and never in their dream they would imagine this ONE man dare to betray everyone and steal from 8000+ people and still walk around freely.

And he did not do what you think he would do - he did not crash the accounts. The accounts still healthy but he just doesn't pay withdrawals. But this guy is cunning, he doesn't have any intention to pay but he still tell everyone he will pay soon, next month, and then next month and next month.

If you dare to challenge him, sue him, make police report against him, he would say bring it on, he turn everyone against you who dare to challenge him, saying because you make noise he cannot pay everyone. He thinks he has "kau tim" the entire country, from police to bank negara to politicians, everyone work for him, even including the "underworld", powerful spirits are protecting him! so he's not afraid of you.

Plus honestly, if you dare to go against him and never back down, how difficult it is to get rid of you? Market price only few thousands?
😅😅😅

QUOTE(jack2 @ May 1 2024, 07:27 PM)
why U masuk leh... U didn't check here before joining?

U should ask us mah
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This post has been edited by TheKraken: May 1 2024, 08:03 PM
TheKraken
post May 1 2024, 08:45 PM

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Not me. I didn't have money to invest. Triumphfx came to me, I had no money, Sentratama came to me, no money, Net89 came to me..

For once I would agree with rich people who tried to convince poor people that "Mo money Mo problems" 😂😂

QUOTE(jack2 @ May 1 2024, 08:08 PM)
how much you kena?
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