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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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fairylord
post Mar 19 2017, 12:01 PM

tag [@fairylord]
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Hi,

How about instaforex? They even have support centre in most of the states of malaysia.

Thanks in advance for advice. Is this mean its genuine and legal by malaysia law?
fairylord
post Mar 19 2017, 12:26 PM

tag [@fairylord]
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QUOTE(troller2 @ Mar 19 2017, 12:04 PM)

a broker which is a market maker is not a bad broker.
in fact, the banks are market maker themselves.
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Indeed, a broker capable to make market is a not bad broker.

Newbie here.
fairylord
post Mar 19 2017, 02:01 PM

tag [@fairylord]
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QUOTE(MNet @ Mar 19 2017, 12:54 PM)
u can check here the different between swissquote market maker vs pepperstone ecn

http://www.investopedia.com/articles/forex...marketmaker.asp
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Thanks
fairylord
post Mar 19 2017, 02:02 PM

tag [@fairylord]
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QUOTE(MNet @ Mar 19 2017, 12:54 PM)
u can check here the different between swissquote market maker vs pepperstone ecn

http://www.investopedia.com/articles/forex...marketmaker.asp
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Thanks
fairylord
post Mar 19 2017, 05:09 PM

tag [@fairylord]
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QUOTE(DrFX @ Mar 19 2017, 03:43 PM)
Hi fairylord,

Do not trade with instaforex if you can. It doesnt carry good license nor giving any investors protection.

instaforex is one of the bad market makers who gave away 100% of their spreads rebate to IB and purely make money from losing clients money.
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Oh..thanks for info.
fairylord
post Mar 28 2017, 01:08 AM

tag [@fairylord]
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QUOTE(MNet @ Mar 27 2017, 08:54 PM)
u r wrong

just like lowyat forum, it post samsung sucks phone advertisement but it does not sell samsung sucks phone.

same goes with myfxbook
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You nailed it...i got it immediately
fairylord
post Apr 26 2017, 01:11 AM

tag [@fairylord]
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How an IB make a living?

Any IB here mind to share your experience.


This post has been edited by fairylord: Apr 26 2017, 01:12 AM
fairylord
post May 2 2017, 02:35 PM

tag [@fairylord]
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QUOTE(EZTrade @ May 2 2017, 02:25 PM)
If they are not listed in the alert list, is it fair to those who applied Capital Markets Services License?
And when they don have this CMSL, which means they are not in compliance with the basic requirements as set out by MAS.

There are 590 holders of Capital Markets Services License.

For FOREX trading, there are currently 29 holders:
[attachmentid=8779549]
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Hi, do trading with these broker house alike we trading on my like insta,panda,fxcm,etc in terms of operation, spread, fees, deposit,withdraw etc.

Appreciate your further details.
fairylord
post May 2 2017, 04:33 PM

tag [@fairylord]
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QUOTE(EZTrade @ May 2 2017, 03:42 PM)
By right, u shud go thru urself since this is ur investments, u hv to trust urself more than others.

Some of the brokers are belong to these:
Low/tightest spread, 0 commission, 0 fee on deposit/withdrawal with local bank.

Some might be in these:
Competitive spread, low commission, some charge may be applied for foreign bank transfer (eg: TT handling cost by agent bank).

So, get the one that suits ur needs and comfortable with.

Happy trading biggrin.gif  biggrin.gif
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Thanks for advice. Just wonder why the market retail trader like us always oversee the listed broker and willing to for those we always talk about which not in list. Must be some critical feature that those in list not offering.
fairylord
post May 3 2017, 12:01 AM

tag [@fairylord]
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QUOTE(EZTrade @ May 2 2017, 05:25 PM)
Do you mean bonus offered? (eg: welcome,deposit bonus etc)

Actually, what do retail traders want?

1) Grow their acc balance.

2) Withdrawal of their profits with safe and secure. (Some may want it secrectly too, I guess).

3) Go back to no.1 whenever possible. And repeat it.

4) Declare and pay tax annually. (Which means u can make profit for ur living).
Again, happy trading.  thumbup.gif  thumbup.gif
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Thanks bro for your true clarification.
fairylord
post May 9 2017, 12:51 AM

tag [@fairylord]
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Anyone mind to share thought on Fullerton Markets?

fairylord
post Oct 23 2018, 05:52 PM

tag [@fairylord]
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QUOTE(kakarot1231 @ Oct 23 2018, 05:45 PM)
Can anyone tell me list real FX broker
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Read post 1 and first page first, if you haven't.
fairylord
post Nov 14 2018, 10:40 PM

tag [@fairylord]
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QUOTE(Carlspheno @ Nov 13 2018, 11:20 PM)
I still seeing many investor join....
80k, 1k , 10k...i think eventually those uncle/auntie will be the one lost the most coz they will always be the last one to be inform ,some of them dont even knw how to use wechat or dont even have an email...when mia gone they will be completely helpless.god bless they are rich.
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Another jjptr? All these scammers (alleged) scared out the real investor.

fairylord
post Nov 16 2018, 02:40 PM

tag [@fairylord]
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QUOTE(Hermione888 @ Nov 16 2018, 02:13 PM)
It seems Singapore has more users than Malaysia based on the traffic of mia491 but not many withdraw their capital.
Probably they are not aware or they didn't check our forum which is famous among Malaysian. I made my withdrawal after reading this forum.
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There is thread discussing on it in HWZ SG. Hangat.

Not sure if all MY users withdraw will put SG friend account at higher risk. May be you are withdrawing their money.

This post has been edited by fairylord: Nov 16 2018, 02:41 PM
fairylord
post Dec 2 2018, 10:51 PM

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QUOTE(Kaiwah @ Dec 2 2018, 07:59 PM)
Hi fellow elites, is there any legit platform for forex accepting small deposits amount ( about 500usd ) to trade. Broker that have copy-trade system or providing help trade with a monthly return of 5 - 10% nett profit.

Would not consider trading myself as I tried it and lose quite an amount of money before.
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myself having few accounts few strategies but mostly $1k min.

there is one stull under monitoring stage and allowed smaller fund, i think $500 allowed if you keen.

you can check their performance update regularly, tehe link in my signature

This post has been edited by fairylord: Dec 2 2018, 10:51 PM
fairylord
post Jan 20 2019, 06:58 PM

tag [@fairylord]
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QUOTE(Kaiwah @ Jan 13 2019, 03:04 PM)
Anyone heard of Olympusfx. Is that a good broker?
http://www.olympusfx.com
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never heard of
fairylord
post Feb 16 2019, 09:02 AM

tag [@fairylord]
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QUOTE(Harry1234 @ Feb 16 2019, 08:19 AM)
To prevent people from illegally copying the trade live trading will only shown after 100 pips into the profit therefore anyone who try to copy the trade is too late so to speak. On 11/2/2019 Monday, live trading was shown after 100 pips into profit. The live trading was close an hour later in full profit.
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How they did this setting on MT4?

This post has been edited by fairylord: Feb 16 2019, 09:05 AM
fairylord
post Feb 16 2019, 09:31 AM

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QUOTE(jack2 @ Feb 16 2019, 09:24 AM)
They claimed they have MT4 manager plugin... lol drool.gif
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Wow, there must be a lot plugins for tricks if so. Lol
fairylord
post Apr 28 2019, 06:47 PM

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QUOTE(ruben7389 @ Apr 28 2019, 03:15 PM)
Hi folks

Need some advise on which broker to open account with

Important for me:
Legit
Low deposit and withdrawal cost back to Malaysian bank acxount
Low brokerage as plan to do about 30 to 50 trades monthly

Thx for ur advise
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i'm using FBS, same day deposit/withdrawal via most malaysia internet banking system, no fees, but there will be exchange different of deposit/withdrawal which would change based on spot rate i think.

If you keen and dont mind register with my link, PM me and i can give you my link. brows.gif


fairylord
post Aug 5 2020, 07:31 PM

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QUOTE(terrytan @ Aug 3 2020, 11:01 PM)
VantageFX is a normal FX broker. Nothing special.

The MAM manager is Libronic. Need to verify whether the results are real.
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Libronic , heard the result really favourable.

Not sure how to verify if genuine whistling.gif .


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