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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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cmk96
post Jan 2 2017, 11:02 AM

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QUOTE(DrFX @ Dec 18 2016, 04:40 AM)
TriumphFX investors have reported unable to withdraw their money. With no surprise, they have scammed many investors and recent month obtained a rubbish license from Vanuatu to scam another round. You don't want to be the next victims. TriumphFX did not provide real time trading results and most of their trades are manipulated to impress innocent investors.

IGOFX is using the same method to scam innocent investors by showing too good to be true trading results which usually are not real. We have done several due diligence and based our professionalism and experiences, we have concluded that IGOFX is another scam Forex broker.

1: Unreal trading results - There is no real trading behind which those trades are suppose to process on a liquidity provider/banks. In short, they are showing investors impressive fake trading results. MT4 is a front end platform which the trades are editable from date to price. Without proper regulation, you know what they are capable of.

2: Holding a Vanuatu license - Recently this license has been a very popular tool for scammers due to low requirements. You can get it within USD10k and approval within a month. So basically anyone can get a Vanuatu license. And there is no protection for investors or traders.

3: Additional to 1, we have checked and confirmed their trades are not real time which similar to what TriumpFX has done. If you need evidence, then we suggest you to do it yourself.

4: Get the traders/managers to trade with a top tier regulated brokers, any brokers will be fine. They will give you plenty of funny excuses like "We don't trade with other broker", "We don't want to let other brokers know our trading secret.", etc.

5: Ask yourself, what make you think it is real? The license? The MT4 platform?

Beside TriumphFX, there are few others scam brokers using the same method have successfully scammed many innocent investors including GSM, NewTradeFX, FX United, etc.

Based on all the information we provided, i hope it helps new FX investors or traders to differentiate and identify real/scam FX.

We welcome everyone who required due diligence or advise to check the genuineness of a FX brokers. After all, it's FOC.  icon_question.gif
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In the case of Igofx... i think you are just judging a book by its cover. Unless someone unable to make a withdrawal... until now... everything went smooth.

Btw, I have traded manually for 5 mths in Igofx... at first i was sceptical too.

Yes... the name Vanuatu is pretty unknown... but if the broker still pays... why call it a scam? Anyone here being scammed by Igofx?... i would like to know.

This post has been edited by cmk96: Jan 2 2017, 11:13 AM
cmk96
post Jan 2 2017, 07:19 PM

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QUOTE(DrFX @ Jan 2 2017, 05:03 PM)
notworthy.gif Seems like IGOFX scammers have collected many funds from innocent newbies.

What you are saying is as long as it pay, so it's doesn't consider as SCAM? So when it stop paying, then only considered as SCAM?

We guess you are pretty young and new in this line. Perhaps you should try once, then you will understand the world of SCAM.

We judge based on our experiences, knowledges and live test to get the confirmation. We do not earn anything for doing this. If you doubt our judgement, please come back to this thread to post your testimonial after IGOFX stop paying.

Referring to our SCAM broker list, many have stopped paying. Eg. GSM, FX United, NewTradeFX, old TriumphFX, GVF, IBS, Maxim, Efzinitus, etc. It's just the matter of time IGOFX will stop paying. Be patient...
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Go to forex forum and ask me questions there. I am not young n new. I traded forex for 8th yrs. How bout u?can share your experience? Looks like any small broker is scam broker to u.
cmk96
post Jan 3 2017, 07:58 AM

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QUOTE(DrFX @ Jan 2 2017, 11:00 PM)
Hello cmk96,

Apologized! We are surprised by your trading experiences but your words show that you are new. Unless you are part of IGOFX.  hmm.gif

Please define small broker. Maxim Trader scammed over hundred of millions US dollar, is that considered small? Being unregistered by New Zealand FSPR twice. IGOFX might the next Maxim.

We have the experiences in FX and Quant trading for over 10 years, we also experienced in setup some small brokers, obtaining financial licenses, structure hedge funds, providing FX bridge/aggregator for MT4 brokers and connecting to liquidity providers or prime brokerage.
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I think you should make another list for "high risk broker" for broker such as Igofx. Coz no scammed victim so far eventhough it look like a scam broker.

I hv 4 other account with different brokers. Here, i only talk about Igofx. Ppl pm me asking why i trade manual on Igofx. Some asking me to show my result. All they know is Vladislav. They are just investors... not traders... they are also gamblers. Not me... i dun invest in him... coz i made more trading on my own..

You said you hv experience setting up small broker? Which broker you hv set up? Why not setting up your own broker?

This post has been edited by cmk96: Jan 3 2017, 08:07 AM
cmk96
post Jan 3 2017, 10:56 AM

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QUOTE(cste188 @ Jan 2 2017, 08:15 PM)
Hi cmk96,
As you requested, please show ur trade results here.

BR
cste188
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Yesterday you pm me wanting to about my manual trading. But you insist on knowing my profits.

I do not normally entertain newbie request like you... somemore a rude one... you are nobody to me... why should i show you my profit?

But to fullfill you curiosity... i might just grant your wish... yeah... later you may say the result its not mine... pls upload to myfxbook...bla bla bla... whistling.gif

happy daydreaming! yawn.gif

*attachment removed*

LOL... since no one showing their profits here... boring betul... removed la. icon_idea.gif

This post has been edited by cmk96: Jan 4 2017, 12:06 AM
cmk96
post Jan 3 2017, 05:52 PM

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QUOTE(xpmm @ Jan 3 2017, 01:49 PM)
thanks for the reply rachel.

laugh.gif
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Still no profit to show? ....hahaha... rclxms.gif

This post has been edited by cmk96: Jan 3 2017, 05:56 PM
cmk96
post Jan 3 2017, 05:55 PM

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QUOTE(chenhui87 @ Jan 3 2017, 05:41 PM)
anybody heard about IGOFX?
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This broker very sensitive to certain forumers.... jangan main-main... thumbup.gif
cmk96
post Jan 3 2017, 10:59 PM

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QUOTE(DrFX @ Jan 3 2017, 10:11 PM)
Thanks for your suggestion. No point to have another high risk brokers list as IGOFX will end up as a scam broker. Just the matter time it will stop paying, same happened to all those listed on the scam brokers list. We are here to warn investors about the scam activities. There is no MAY BE in counter scams. Usually these scams will end with stop paying or loss all accounts through fake trades.

We are not interested to run as a FX broker. As for which broker we ddid set up for, clients info are strictly confidential. Thank you.
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Client info are highly confidential...ok.

How about your company info? is that confidential too?

PM me those info... maybe your contact is useful in the future.
cmk96
post Jan 3 2017, 11:27 PM

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QUOTE(DrFX @ Jan 3 2017, 11:02 PM)
Let us get straight into point.

YOU ARE RIGHT, NO ONE BEING SCAMMED NOW, but DOESNT MEAN IT IS NOT A SCAM. NOT YET. COULD BE THIS YEAR OR NEXT. ONCE THE SCAMMER DECIDED TO PULL THE PLUG, THAT'S IT. We will not wait until they stop paying, then only announce it is a scam. By the time it stop paying, it is too late, many innocent investors have loss their money to the scammers.

You can think it is based on assumptions but we judged base on facts and data. Please leave your testimonial once IGOFX stop paying later this year. If you can't take it, we are completely fine. We have nothing to lose, remember! We are not being PAY by those genuine FX brokers for doing this.

3 years ago MAXIM paying well and agents selling as guaranteed returns, what happened last year?
2 years ago FX United giving high profits returns, what happened now?
We heard JJPTR stop paying recently. Can someone confirm? It's sooner than expected. Let see when is going to be IGOFX turn.
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I trade on my own. You need to get the facts right.

There are many pool funds...money games... whatever you call it... that promised fixed return every mth.

I trade myself... no fixed return. rclxm9.gif

Your advice is targeted towards investors in those fixed return products... Not me.

you don't ask me about Maxim, Fx United...JJPTR... i'm hv nothing to do with them.
cmk96
post Jan 3 2017, 11:35 PM

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QUOTE(DrFX @ Jan 3 2017, 11:33 PM)
I am not asking you cmk96. I am showing you the samples that agents insist their program/broker is not a scam but still end up a big scam. Just like IGOFX now.  bruce.gif
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Since i trade on Igofx... you will be the first to know if any of my withdrawals fails in the future. Until then... bye bye. cool2.gif
cmk96
post Jan 4 2017, 11:26 AM

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QUOTE(Jack_1 @ Jan 4 2017, 03:15 AM)
The topic is threatening multiple IBs' commission income. For example, you can see that CMK96. He has multiple brokers connections, in which he is not only IB from igoforex, but also works as IB from other firm brokers. In this case, if newbie read this topic, the chance to "fish" newbie to join his 30 percent income scheme is greatly reduced in the world in internet today.

Think in the opposite way if we do bad comments about Oanda, anyone will attack us ? Those high reputations not even care what you talking. But such thing is totally different for a scam broker and IB such as CMK96.

Based on the photo he posted, the trading result was 2015 year which is 2 years long ago, and no igoforex logo in the printscreen. One more important point is (which is not hard to see from photo), his main income is not from trading (of course he did some small lots trade to do some illusions), but primary source income are come from commission earned from newbie investor[B][/font][COLOR=red][B] since many credit would give to him "automatically" every time, every minute. Eventually this makes himself rich but make his investors poor. So, do you consider this is SCAM ?
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You again.... i remembered your post was deleted by MOD in the forex tread... coz u just a member since Nov 2016... u start flaming other forumers.

Where do you see i took commission from broker? I give you USD1000 if you can prove what you just said.

Since when i say i am an IB for Igofx? Can you explain where the 183k profit came from? True traders will know profit can only come from trading. Not commission or credits...all those BS.

you are creating so much negative karma for yourself.

This post has been edited by cmk96: Jan 4 2017, 11:49 AM
cmk96
post Jan 5 2017, 12:26 PM

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QUOTE(Jack_1 @ Jan 5 2017, 05:34 AM)
Profit 183k , not necessary must be real profit. There are thousand of ways to create illusion. I am not to say about photoshop or change trading record. It can be real trading.

Since I knew CMK96 in personal long time ago, I am going to say what CMK96 used to do only using the old trick, maybe present CMK96 now has evolved and use much advanced illusion. I have no idea on his new trick, but only has some idea on his old trick.

Normally what he did is : Just simply open two [b]real accounts
, put in some deposits in two accounts. Each time in two accounts, do two opposite trades. For example, one account do buy, then another account must do sell. At the end, one account profit is +183k while another is -183k. In combination of two accounts, he has no loss at all. The account cannot do pure SELL trades, because people will suspect. The account must be combined SELL and BUY trades, and some lose trades also, as long as the result is convincing. Since his deposit were came from his commission, but not his personal deposit, so the "illusion" profit also came from commission. At the end, he only shown the +183k accounts, but not the -183k account. he will show his bank account statement as well to trick people join him.

I am definitely "new and young" in the world of forex, this point you are right. That is why I am one of the early bird batch and wish to invoke all early bird do not get cheated by CMK96 or by SCAMMER. As the matter of fact, I read thru your posts, I have learn a lot.

Unfortunately, since you know a lot and has a lot experience, you don't your knowledge to help people, but use your experience to help devil to cheat people. Don't you fell yourself are "old and ugly" .
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LOL... u know me long ago? since when?

U just registered in Nov 2016... i was here since Oct 2007. Don't bluff readers la.

Now you say i have 2 accounts... one -183k..the other +183k?.... wah... like that i need to deposit 183k in order to lose -183k lo?

Your story don't make any sense. Profit is profit...it must come from trading... can not be transferred. ...Once transfered.... the "Balance" will change...Not the "Profit".

If what you said can be done... u try do it... do the transfer...attached a screenshot with profits, balance and withdrawal... i give RM100.... i oso want to learn from you.

Btw, my offer for you USD1000 still valid if you can prove i am IB for any broker you can think of. thumbup.gif

cmk96
post Jan 5 2017, 04:40 PM

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QUOTE(DrFX @ Jan 5 2017, 03:02 PM)
You are not IB of IGOFX, but perhaps the agent of IGOFX where you gain spread/commission rebate from the fake trades. Even though those profits are not real, IGOFX still pay agents attractive rebates, so they will continue market and bring in more innocent investors for the scammer.
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Perhaps?

Perhaps you are agents from other broker who like to see your opponent business go down.

You guess me. I can guess u too.
cmk96
post Jan 5 2017, 04:48 PM

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QUOTE(rachel9966 @ Jan 5 2017, 01:15 PM)
you sound so desperate to spin up a new story...  doh.gif

cmk96 have been around for very long time in forex tread. you can check it yourself.

talking about creditability, cmk96 definately win hands down. you only been here for 3 mths.

i have seen cmk96 previous results and he NEVER do any marketing for any broker... i even follow his trades in the past and i made profit too.. he is a real trader.

maybe you are uncomfortable seeing someone else can profit so much... if he attached a screenshot with just 200-300 profits... it will be more believable than a 200,000-300,000 profit account.

like what cmk96 just said, if a "transfer" can boost up the profits of a particular account. You should do it and show us the screenshot.
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QUOTE(empire177 @ Jan 5 2017, 02:03 PM)
Gonna side with cmk96 here. I PMed him before and he never once market any brokers to me.. Perhaps you carry a grudge against him.. To be fair, you shouldn't slander him in public without concrete proof...
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Thank you for your support. Next time i only post small profit if requested. So many self-claimed sifu unhappy here.
cmk96
post Jan 5 2017, 04:50 PM

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QUOTE(DrFX @ Jan 5 2017, 04:46 PM)
My last advise to you, don't lose yourself.
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Thanks... don't play guessing games... it's childish.
cmk96
post Jan 5 2017, 06:58 PM

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QUOTE(DrFX @ Jan 5 2017, 05:28 PM)
It's not a guess for us. The way you answers and posts, it defined that you are part of IGOFX.
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Its the way you hide your company's name and client which suggest you are not who you claimed to be.

"We have the experiences in FX and Quant trading for over 10 years, we also experienced in setup some small brokers, obtaining financial licenses, structure hedge funds, providing FX bridge/aggregator for MT4 brokers and connecting to liquidity providers or prime brokerage."

We are not interested to run as a FX broker. As for which broker we ddid set up for, clients info are strictly confidential. Thank you.

This post has been edited by cmk96: Jan 5 2017, 07:04 PM
cmk96
post Jan 6 2017, 09:06 AM

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QUOTE(Jack_1 @ Jan 6 2017, 05:58 AM)
Don't pretend you don't know that trick.

I have revealed and uncovered one of the tricks that you have used to cheat many investors. Now, I bet you/your group (possible multiple log-in accounts) have next movement. The movement are posting as many posts as possible, to flood the topic with unnecessary posts, so that you hope early bird cannot exactly read and get the important post. And forgot the your illusion trick.

Now, you using "flooding the post" or "change focus"  strategy. Another illusion skill just do not want people read the post about how to you trick people.

I would say you are a great and smart IB/Agent with a lot of wonderful illusion skills and know how early bird investor think. Unfortunately, you used the skills to trick people.
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Its already clear now that you are merely spinning up stories and jealous of my result. All your so call "tricks" of transfering profits... convert credit/commission into profits...are not workable. Don't try to cheat readers. True traders can see your fake stories right away.

cmk96
post Jan 9 2017, 12:53 PM

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QUOTE(DrFX @ Jan 8 2017, 03:53 PM)
It doesn't make a different even if you know who we are. We are not interested to know you too.

We will continue post the lists as usual.
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Empty talk again.
cmk96
post Feb 5 2017, 06:32 PM

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QUOTE(jack2 @ Feb 5 2017, 06:31 PM)
Cmk96 new account?
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not me. don't be fooled.
cmk96
post Feb 5 2017, 07:04 PM

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QUOTE(jack2 @ Feb 5 2017, 06:59 PM)
Why same nick n newbie too
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maybe the same person who created jack1? biggrin.gif

you are jack2... coincidence? biggrin.gif

both newbie accounts.
cmk96
post Feb 6 2017, 04:46 PM

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QUOTE(greenpips @ Feb 6 2017, 04:22 PM)
To protect themselves from being investigated by people like us in this forum, especially TS or jack.

Normal visitors will not know that IGOFX has copytrade service or so called PAMM and this service is only visible to members who get introduced from members to members.
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i registered straight on their website... no need introducer la.

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