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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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ckdenion
post May 9 2017, 02:30 PM

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anyone heard of pollyplanet before? my friend's mum joined but not sure what it is about. following the uncle to join only.

i cant seem to find any detail online coz need to have membership to login to see the details.

my friend login and show me it is like buying units. something like unit trust but im not sure is there forex trades also.
ckdenion
post May 11 2017, 02:04 AM

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QUOTE(DrFX @ May 9 2017, 11:34 PM)
Do you mean Pollywood?
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cant find any info on Polly Planet cz need to log in. but looks like it is related to Pollywood. Pollywood got nth to do with Forex right?
ckdenion
post May 12 2017, 11:46 PM

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QUOTE(greyPJ @ May 11 2017, 09:56 AM)
i read that igofx start having problem?
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mind to share source? interested to know to.
ckdenion
post May 16 2017, 06:41 PM

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QUOTE(initialdota @ May 16 2017, 03:17 AM)
yeap googled before but still not much details that i can find out.

QUOTE(DrFX @ May 16 2017, 04:12 AM)
It's a sub project of MBI.
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ic... my friend's mum just joined because the uncle asked to. they got 0 knowledge in this. just dump in small amount of money. around 300USD

QUOTE(Mr.Weezy @ May 16 2017, 09:06 AM)
Ah just saw it , no.30

But may I know how is it a scam ?
maybe it fulfil the scam criteria posted at first post?
I mean people invest few hundred thousands in it ,

Including some big shots with honorary title

Furthermore It has legit offices in china, Malaysia , indon and more

If it's a scam, this may be one of the most well-planned scam in Malaysia
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ckdenion
post May 24 2017, 02:16 PM

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QUOTE(DrFX @ May 17 2017, 02:00 AM)
You will find your answers by google "Hotforex Scam".
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they even have advertisement sticked on cars... shocking.gif
ckdenion
post Jun 5 2017, 03:08 PM

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i have a friend who joined Midasama and told me about it. im a bit skeptical about it. it is a copy trade basis and also give a certain fix ROI every month. how much i duno, didnt ask further. minimum fund in is 1k usd.

https://www.midasama.com/

the myfxbook result from midasama.
http://www.myfxbook.com/members/midasama/m...rader-1/1735552
http://www.myfxbook.com/members/midasama/m...rader-2/2054435

they trade with Pruton Capital, Indonesia
ckdenion
post Jun 5 2017, 11:15 PM

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QUOTE(DrFX @ Jun 5 2017, 11:02 PM)
It's a FX scam with manipulated track records.
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Even with myfxbook? Meaning the performance in myfxbook is fake? How am i going to tell my friend cz she is so convinced with the proven results and she had done her first withdrawal. Yes she just joined a month and convincing me to fund in.
ckdenion
post Jun 5 2017, 11:27 PM

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QUOTE(DrFX @ Jun 5 2017, 11:19 PM)
The data on Myfxbook synced from a scam FX broker who manipulated the trading records. That's a very common scam tactic used by scam broker nowadays.
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Ok thanks for sharing. Didnt know about this. As their website show this results from myfxbook. Then myfxbook cannot be trusted also... hmm.gif
ckdenion
post Jun 6 2017, 11:41 AM

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QUOTE(DrFX @ Jun 5 2017, 11:31 PM)
Myfxbook can be trusted, but depend on which broker is the account trading with.
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so its the broker issue. hmm.gif anyway thanks for the info!
ckdenion
post Jun 6 2017, 07:00 PM

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QUOTE(duplicated @ Jun 6 2017, 02:05 PM)
Myfxbook is merely a platform(middle person) to show the performance data from the broker. The broker can manipulate the data in any way they want to favour them.
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thank u and DrFx for this info. else i really duno about it. because i know midasama use this as a proof that their trade performance is good.

QUOTE(duplicated @ Jun 6 2017, 02:10 PM)
I was skeptical too looking at the performance but I could not find any proof online. Do you have any and willing to share with us?
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yea i will also like to have proof. so in this case, midasama is the one that will scam investors? or the broker that they trade with here (Pruton Capital)?
ckdenion
post Jun 19 2017, 01:03 PM

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QUOTE(DrFX @ Jun 19 2017, 02:04 AM)
It's all depend on where do investors funding. TP Eagles is a ponzi scheme without transparency.

After IGOFX game over, next will be TP EAGLES and GM Trader (TriumphFX) although TriumphFX has scammed once.
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i think midasama will also follow along.
ckdenion
post Jul 31 2017, 01:55 PM

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DrFx can you share your insight on James Harrison MT4 suspicion? I think its good that you share with us so that we learn to identify as well. smile.gif

Edit: what i identify is. They only trade GOLD pair. Anyway since you mentioned it is manipulated. Who knows it is fake also. hmm.gif

This post has been edited by ckdenion: Jul 31 2017, 01:56 PM
ckdenion
post Aug 29 2017, 03:48 PM

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anyone here heard about TeleTrade?
ckdenion
post Oct 29 2017, 11:35 PM

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Heard of

Oceanic Bliss Fx http://www.oceanicblissfx.com
London Capital Group https://www.lcg.com

My friend just started trading with oceanicbliss asking me to open account with them too.
ckdenion
post Mar 21 2018, 12:36 AM

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QUOTE(Yong_kM @ Mar 19 2018, 12:40 PM)
Actually is that offers is too good to be true? The weird thing is people still believing in that.
Thanks all...
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in fact there are still a few running even after the JJ incident... hmm.gif
ckdenion
post Jun 25 2018, 11:21 AM

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QUOTE(DrFX @ Jun 17 2018, 05:11 PM)
Dear forumers, due to cryptos getting hot among the scammers, should we create a list of scam cryptos to warn investors?

Your input is much appreciated.
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that will be good too! then this thread is not only forex already. forex + crypto? or a new entire crypto genuine or scam thread? laugh.gif

 

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