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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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c64
post Sep 5 2021, 07:27 AM

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QUOTE(Don Salvatore @ Sep 4 2021, 11:10 AM)
Hi Terry, just to check, what happened to TriumphFx in 2018? As I remember I have a friend who is investing since 2015 and he mentioned there was nothing happened in 2018. I'm a conservative person so I am not into this schemes. Just may if I could get more info for my friend so I can ask him to withdraw the funds as soon as possible.
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Same. Got a friend also invested into this. I advised her only to use small play money. Maybe i should send her all the info here, but i think she will not accept it is scam since the claims made by the group has been around for 7-8 years blah.

I also went to one of the online seminar she invited me....so cringy. All these people with no credentials saying how lucky they are has join the TriumpFx..wah lau...and i ask my friend....is it you can get commission if introduce people? She said yes....LOL.

Anyway, i hope she don't dig further and dump more money into it.
c64
post Sep 23 2021, 09:42 PM

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QUOTE(smartinvestor01 @ Sep 5 2021, 09:00 AM)
Like what you advise your friend, only invest what is afford to lose because it seems to be that this is a time bomb..

Those around have for 7 to 8 years have earned back their money, your friend starts from zero to earn the full money back..

As the Vanuatu license have been terminated and the other licenses are registered under Triumph International (Cyprus) Limited, Triumph International Limited is totally not regulated now, even by worse tier license like Vanuatu..

Even when they say they are applying for Seychelles license, is it park under Triumph International (Cyprus) Limited or Triumph International Limited which is handling private managed funds still maintain as unregulated..
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You are right. I so happens to captured a screenshot of their website on 19th August and compare the screenshot today.

https://www.tfxi.com/en

19th August 2021
Note the last two lines.
user posted image

Today: 24th September 2021
Note, no more statement of regulating bodies!
user posted image

Quietly removed the statements...so sneaky!

Wah lau...free for all!

This post has been edited by c64: Sep 23 2021, 09:44 PM
c64
post Sep 24 2021, 03:38 PM

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QUOTE(Don Salvatore @ Sep 24 2021, 01:26 AM)
user posted image
user posted image

Checked with my friend. He said TriumphFx has already obtained the Seychelles license. The another photo is captured from Seychelles FSA website. Hmmm.....
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Yeah, same, checked with my friend as well. Oh well, her choice. Not my problem.

QUOTE(DrFX @ Sep 24 2021, 01:41 AM)
After they lost the toilet paper license (Vanuatu), now they obtained the tissue paper license (Seychelles). We expect they will lost the Seychelles license as well. Just the matter of time.
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laugh.gif

This post has been edited by c64: Sep 24 2021, 03:39 PM
c64
post Sep 28 2021, 10:20 AM

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QUOTE(midoriyaizuku @ Sep 28 2021, 02:06 AM)
My advice is to cash out all of your money from all these "unregulated, backed by 0 audit firms, pyramid scheme" kind of investment. The entity like TriumphFX or etc will eventually disappear one day, they are just accumulating as much money as possible from you dumb investors. this year alone 2 news "www.thestar.com.my/news/nation/2021/09/27/over-600-investors-lose-rm12mil-in-alleged-forex-scam"
"www.thestar.com.my/news/nation/2021/01/09/police-bust-forex-scam" Its too good to be true if theres such an " attractive investment" open your eyes and see the reality lol theres no free lunch. I rather hire a treasury in banker to help me manage my investment portfolio.
Also, changing license so frequent is a red flag, and lack of transparency of its management team and not backed by any AUDIT firms. Better wake up.
<a href='https://pictr.com/images/2021/09/28/BztIvc.md.jpg' target='_blank'>https://pictr.com/images/2021/09/28/BztIvc.md.jpg </a>
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I'll rather try my money at Genting then "investing" in these scams. At least gets satisfaction of losing to Lim's Family. Lol.

This post has been edited by c64: Sep 28 2021, 10:21 AM
c64
post Oct 19 2021, 10:37 AM

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QUOTE(Stevelai @ Oct 19 2021, 10:20 AM)
Guys, triumphfx is getting more people join around my city, is that anything we can do?
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Nothing much you can do....people's greed and stupidity will eventually gets the better of them.

Now my friend who joined TriumphFX seems to insaf a bit after me and another experienced financial investor friend advised her a bit. Hopefully she stops recruiting people and get out herself.
c64
post Feb 24 2022, 12:26 PM

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https://www.gcmasia.com/en/

Is this another scam? My friend being approached.

The website above is quite misleading, shows what regulation by FCA blah blah, but that is Fortrade, which is a broker which i presume they use? So it has nothing to do with them.

https://www.fortrade.com/

Anyone has info on this one?
c64
post Feb 24 2022, 06:54 PM

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QUOTE(terrytan @ Feb 24 2022, 06:52 PM)
Approached for trading or investment?
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Investment i belip. From Mandarin speaking group. My friend blur blur don't know anything about trading one. Or maybe he saw it on FB or something.

This post has been edited by c64: Feb 24 2022, 06:54 PM
c64
post Mar 4 2022, 01:26 PM

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QUOTE(wolverine @ Mar 4 2022, 09:31 AM)
Good day guys i just want to share my experience. I just joined the forex trading. My first rule is always go with the smallest amount i can part away with. I came across this guy from instagram saying he is a forex trader. I wanted to try out his method so this were my following questions:

1) Can i go with rm500?
He said yes
2) what is the method used to deposit money?
He said need to use Binance/Bitcoin.com
3) Is there any hidden/further payment to be made?
He said no

Now after doing all the transaction.

4) Do I need a trial account since i have deposited money in?
He said yes cause my deposit is very small amount

I started to feel one kind but i let it go and see how fast he is going to ask for more money. I have questioned him on further payment to be made and he clearly stated no.

The next day at 4am he texted me the following using a new whatsapp number. Asking to block the old number.

He starting asking me to pay for more. Knowing something a miss i immediately started to avoid paying more.

But he became more persistent on getting paid for signal whereby can increase my returns.

I dont believe this is correct started to see more like a scam as more the conversation picked up.

He told me after i made payment for the signal i can withdraw so i said fine lets try only see how true to his word he is.

The money has to be paid to another person bitwallet.

Around 9pm last night, he texted asking me to pay for more where by my current account need to be upgraded if not i unable to withdraw.

To put a stop i said no. This is where it get interesting. He started to threaten i will no receieve any money if dont pay up. I should borrow to take the money out.

Beyond this i told i will be stopping here since it doesnt benefit in any manner.

Below is the address of the scammer:

https://hedgefundserv.net/

+1 (323) 220-9138
ig: Corey jason (corey.jason123)

DO you guys think he is a scammer?

I have uploaded my conversation snapshots for your reference

I will update if i can withdraw my money out
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Wow...that's long.

Sure sounds like scammer to me. Thanks for sharing.
c64
post Mar 23 2022, 09:01 PM

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QUOTE(DrFX @ Mar 19 2022, 04:57 AM)
Somehow there are parents who promote TriumphFX together with their son and daughter.  doh.gif
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Really hamkachan later.... shakehead.gif
c64
post Mar 23 2022, 09:09 PM

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QUOTE(Poksilap @ Mar 15 2022, 08:36 PM)
Do you know when it will collapse? I tried unsuccessfully to get my uncle and his wife out from this scheme. He will not listen to me whatever I say. He will turn 55 near the end of this year and I'm afraid after he gets his EPF money he will then pump all of it into Triumphfx. I really hope it will collapse before that because I am pretty sure he will do that if the scheme still exist by then. I don't want him spend his old days with all his hard earned money gone. All his three children are still studying and things will not be good for them if their parents lose their life savings.  sad.gif
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OMG...i wish your uncle will wake up...else really chinese says ..."Lam Lou Ng Kor Tak Sei".

I have a friend also into it. I think she didn't pump too much inside i hope. Won't listen to me, waiting for the day i will say "I told you so...".


c64
post Mar 29 2022, 12:17 PM

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QUOTE(lavenderguy @ Mar 26 2022, 11:57 AM)
u got a good heart..
but sometimes i can't c the look of their face as if telling you.." you stupid, invest in what stock..invest in triumphfx better, sure win.."
my friend told me that directly...she said stock got risk, this one is risk free and guarantee return and post her profit to me from time to time..
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LOL. If anyone can believe there is risk free investment, he/she needs to get his/her head check. Anything that promises risk free and guaranteed returns other than FDs(and Bonds perhaps) is a scam. If they can show you profit from time to time, means their money still in the ponzi....just a number. They can show you any number they want.

QUOTE(staind @ Mar 26 2022, 12:16 PM)
If they have already gain back all the capital and taken it out. It is understandable they think in such way.
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Still naive thoughts. Just because i made some money in cryptos, doesn't change my opinions about it. Still a gambling speculative money game.

QUOTE(Yota @ Mar 28 2022, 03:44 PM)
Hi guys just wonder. Do you feel safe to leave your acc balance 100k usd for trade?
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Only for tier 1 broker. I won't use anything else.

 

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