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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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ctan6611
post Jan 3 2017, 11:48 PM

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QUOTE(DrFX @ Jan 3 2017, 10:20 PM)
Avoid it at all cost. The numbers of questions concerning IGOFX have worried us. The virus is spreading fast. doh.gif

It's going to be the next big scam. Players still getting paid for now. Once the scammer pull the plug, that's it.
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I am fully agreed with DrFx. Please be very be careful on Igofx and should avoid it at all cost.

I have a friend introduce to me and I tried it out, fund the account and invest in small first to test out. It was in good profit and I tried to test on their fund withdrwal. Unfortunately I still not receive the money yet since Dec 15th fund withdrawal request using bank wire transfer., the amount is usd400. I have tried many ways to contact them but no response. Email no respond, phone call no answer, online chat always said forwarded my issue to respective department.

My friend who introduce to me said they have no issue if using local depositor rather than bank wire transfer. I wanted to use bank wire transfer mainly to reduce the in/out exchange rate that charge by using local depositor which is 4.30 out and 4.6 in because I plan to invest larger amount if everything looks good on Igofx.

DrFx, do you have any advice on what can I do to get back my money?

Thanks
Ctan6611
ctan6611
post Jan 4 2017, 09:12 PM

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QUOTE(xdeathz @ Jan 4 2017, 12:39 PM)
I got no issue so far with igofx. All withdrawal done within 24hrs. Not trying to promote igofx but just to share my experience with igofx since a lot of ppl here are asking bout it. I can't prove wherever it's legit or not but at least I got no issue with it for the past six months
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May I know is your withdrawal thru local depositor or bank wire transfer?


ctan6611
post Jan 4 2017, 09:14 PM

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QUOTE(DrFX @ Jan 4 2017, 12:04 AM)
We are sorry to hear that, ctan6611.

You may seek for your friend who introduced you to help you, we assume your friend has earned some commission from your account. If he/she can't, bring your friend together to the nearest Police Station to file a report. In real FX, there is no such thing called local depositor unless it is well regulated party.

Make things ugly and show the scammer what you are capable of. For the time being, they may force to pay you for the sake of shut you up.
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Hi DrFx, may I know which platform is trusted and have copy trading similar to Igofx?

Thanks
Ctan6611
ctan6611
post Jan 5 2017, 03:02 PM

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QUOTE(DrFX @ Jan 5 2017, 02:33 PM)
Hi Ctan6611,

You can try zulutrade, fxstat, myfxbook, etc that offering copy trades through various well regulated brokers.

IGOFX is not a copy trade platform, it's using PAMM/MAM system that usually apply on managed accounts.
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Thanks for the recommendation.

Do you know roughly what are the ROI on copy trade platform? How many % profit sharing with the trader?

thanks,
ctan6611
ctan6611
post Feb 18 2017, 09:38 AM

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QUOTE(Japin @ Jan 9 2017, 07:50 PM)
How did you initially fund your account? Was it through bank wire transfer or local depositor?
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Updates: The withdrawal has been transferred in to my bank account using wire transfer. The withdrawal of IGOFX using wire transfer took almost 3 weeks before the fund into my bank account. I initially fund my account using wire transfer, and according to IGOFX, the funding and withdrawal must be same and therefore I cannot choose to withdraw using local depositor.
I am hoping that in future the withdraw will be more smoother and take less time.

I would be interested to know the investigation of DrFX on Vladislav's trade history using MT4 login provided by other member here.
ctan6611
post Feb 20 2017, 12:17 PM

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QUOTE(jack2 @ Feb 20 2017, 09:34 AM)
igofx

USDJPY  2017-02-15 14:17:40  114.88  2017-02-15 14:27:51  114.75  1.99
GBPUSD  2017-02-14 12:02:31  1.2463  2017-02-14 12:16:29  1.2483  2.13
EURJPY  2017-02-09 12:04:19  120.03  2017-02-09 12:15:15  120.13  0.49
GBPUSD  2017-02-07 13:16:44  1.2368  2017-02-07 13:28:30  1.2355  0.68

Anyone can go and check the prices!

Time = GMT0
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If I am not mistaken IGOFX only post the trades after the trades has closed, so even though the price is accurate it doesn't mean that the trades are real trades. Unless any of the investor able to see their opened trades. And most of their trades last for few minutes only, might be difficult to catch it unless someone keep on looking at the screen and keep refresh every minute.



 

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