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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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cliffekent
post Jun 13 2021, 07:23 PM

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QUOTE(DrFX @ Jun 12 2021, 04:31 AM)
Another proof of TriumphFX (GM Trader) doing fake Forex to scam innocent investors since the beginning. Provided by another elite member here.
Referring to the screenshot, GM Trader trades were duplicate live to a genuine broker (FXDD) demo account. The opening price were manipulated but the closed prices were real time, thus the profits are FAKE! The timezone were different for both platforms, but the closed price for the positions were the same.

user posted image
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Look like different buy time. So the price different? And different broker might have different closing time, different liquidity providers, different spreads, different number of trade on that broker. So the price will not be same. Same like crypto, binance might hv different price of BTC with Luno btc price. Am I correct?

But if different too much, I think the broker not follow the market price. It something different from the market broker. It can be less volume, less spread n etc.


user posted image
user posted image

This post has been edited by cliffekent: Jun 13 2021, 08:10 PM
cliffekent
post Jun 14 2021, 10:51 AM

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QUOTE(DrFX @ Jun 13 2021, 11:03 PM)
Wrong, we repeat as below.

The timezone were different for both platforms, but the closed price for the positions were the same.

The open price were manipulated, understand? Fake open price. The scammer can key in any open price they want by MT Administrator. Understand?

Timezone for each platforms can be any timezone like US, UK, Europe, Asia, Australia, etc. Not necessary to be same timezone depend on where the broker and MT4 server based.
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Then how to ensure other broker not key in any open price also. How to check it?
Other broker might do the same on the back end.
cliffekent
post Mar 30 2022, 02:24 PM

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News here: Straits Times


Two men claim trial over alleged roles in fraudulent trading scheme that lured thousands

Malaysians Leong Koon Wah aka Hermes Leong and Ng Kuan Chuan face a total of eight charges in Singapore Court. They are the Culprit behind Singliforex, 👉🏼 Triumph Global (Asia) & Union Markets.

Triumphfx still operate? Not kena jail liao?

Triumphfx same with this kan?

This post has been edited by cliffekent: Mar 30 2022, 02:25 PM

 

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