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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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hideto79
post Dec 22 2016, 08:04 AM

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Hi drfx,

What about ikofx,fxcoliseum and FxCitizen?
Thanks
hideto79
post Dec 22 2016, 11:57 PM

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QUOTE(Jack_1 @ Dec 22 2016, 10:57 AM)
Drfx went Christmas holidays.

Instead of keep asking these forex brokers, why don't you add the reliable broker which was stated in the first page to your wish list. Forex is a world of varying, so ppl need to equip to the ability to adapt based on varying situation, don't behave as stubborn child since ppl willing to give advice for free. It is hard to verify the correct, but it is easy to falsify. Try to avoid those have potential to go wrong before too late.
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Then I wait for him to come back! anyway if you like reliable let me give you one for mt4 citifx (Citibank also a Liquidity provider) smile.gif
hideto79
post Dec 23 2016, 09:15 AM

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QUOTE(DrFX @ Dec 23 2016, 01:33 AM)
We understand CitiFXPro has shut down it's operation as a FX retail broker in 2015

I am not sure which CitiFX are you talking about. Hopefully not the fishy one.

FXCM and Saxo Bank Acquire Citigroup’s CitiFX Pro Client Book
FXCM's US and UK entities will take over clients of Citi's respective regions, while Singapore business will be transferred to.
http://www.financemagnates.com/forex/broke...ro-client-book/
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Not sure Citifx? hrm what about J.P. Morgan market (also known a Liquidity provider). Another popular forex been took over by RHB/rhbgroup, call rhbinvest or maybank call maybank-ke in sg are this also genuine?
etoro now day also very popular for lazy trader like me is this genuine too?
No offence but Genuine topic for free.

Merry Christmas. HoHoHO

This post has been edited by hideto79: Dec 23 2016, 09:20 AM
hideto79
post Dec 23 2016, 11:02 PM

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QUOTE(xpmm @ Dec 23 2016, 05:11 PM)
how are you go8ng with etoro? one month got 5%?
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More than 5% depend sometimes less always can leave copytrade, I've deposite 2k pound so far earn not much but good thing is every single thing like raw material can trade, you just follow the copytrade.
hideto79
post Dec 24 2016, 12:05 AM

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QUOTE(Jack_1 @ Dec 23 2016, 12:40 PM)
This topic is generously to avoid early bird to be conned by IB and help to reduce forex victim. Since you knew the answer well but still keep asking faked questions without provide anything helpful, it is easy to make people think you are one of the IB as the topic is threatening your personal hidden benefit.
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Jack since you ask, actually I just register in lowyat few day, why?? cause when Dr Fx seem claim to be Dr ppl getting believe what he said and that a bad thing, my judge mostly what he said is correct some are false wonder why? if refer your topic reduce forex victim. Example XM yes company have 3 regulation but is a partner only you won't find XM register hohoho and XM who he earn trader money is by spread and market maker mean you win xm lose or you lose xm win hohoho so do you want such broker???
IB of course no am just a old folk trader that it, hoping to get a reliable source for me before believe some one always do a basic testing skill, scam fxcoliseum ??? Fxcoliseum is a ECN connected to who? most of them in the list genuine.
So Mr. Jack faked question? and Merry Christmas to you.
hideto79
post Dec 24 2016, 12:39 AM

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QUOTE(DrFX @ Dec 23 2016, 03:32 PM)
We are concerned about the retail FX market scams instead of liquidity provider. RHBInvest is a great platform for stocks trading. thumbup.gif

Thanks for your input, eToro is a regulated broker and we have added to genuine brokers list.
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Good Morning DrFX, liquidity provider was recommend to jack right or someone else? seems it follow up to you. I wonder why you not listing up good LP which you can open account for forex too as genuine which is more 101% not a scam forex. Anyway let end this topic.

Have a good day and Merry Christmas.
hideto79
post Dec 24 2016, 12:50 AM

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QUOTE(Jack_1 @ Dec 24 2016, 12:36 AM)
Obviously, this topic can create a lot of enemies because it blocks faked broker/ introducer for targeting victim here. I have foreseen that many IB will attack the topic using many offensive words.

DrFx just don't give up !
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Lol Jack you are the one who bring it out now you pretend to be good guy?
Just end the story all be good. Sorry to said DrFX cause your list genuine an scam is not 100% correct. MY BAD
hideto79
post Dec 26 2016, 09:38 PM

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QUOTE(DrFX @ Dec 24 2016, 04:40 AM)
Hello hideto79,

Which liquidity providers are you talking about? If you are talking about big LPs like JP Morgan, Morgan Stanley, UBS, Barclays, Deutsche Bank or RBS, these banks usually required high opening deposit like USD500k and above for individual trader.

Our topic is about retail FX brokers, not liquidity provider. You actually find some good but medium scale liquidity providers on our list like Saxo Bank, Swissquote Bank, LMAX, etc.

Good night...
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Nothing much to comment, let end it like I said no point to argue right? anyway you did very good job for certain point of my view keep it going.
hideto79
post Jan 8 2017, 01:45 PM

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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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Jack_1 why you always like to bug someone are you as good like drfx or cmk96 or you a friend of drfx? cmk96 have done lot job take you time and look what he post.
hideto79
post Jan 8 2017, 01:56 PM

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QUOTE(DrFX @ Dec 19 2016, 01:13 AM)
Thank you for your questions.

1. Our proprietary tool able to keep track all the trades LIVE and proven not all trades are opened at real time pricing.
2. Not real time mean when a new SELL position opened, the market price for EURUSD is 1.0452 but the trade manipulated to open at 1.0472 which immediately the trade gained 20 pips profits. But this trade does not forward to any liquidity provider, it's only show on the MT4 platform for the purpose of impress investors with fake results. Meaning to say that there is no real money generated from the trades.
3. MT4 is real, but the broker who manipulated the trades which make the trades not real. When any broker hold a MT4 platform license, they are capable of editing the trades from top to bottom including the open price, date, time, closed price, etc. You can verify this info with Metaquote, the software provider.

Above cases only happened in unregulated or offshore brokers where there are no strict requirements, rules and regulations. This method getting popular nowadays for scammers to cheat innocent investors. It's like an illusion, NOW YOU SEE ME.  notworthy.gif
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1. Our proprietary tool able to keep track all the trades LIVE and proven not all trades are opened at real time pricing.

what sort of tool you using? would like to have one to track on my own too.

Thanks
hideto79
post Jan 13 2017, 12:19 PM

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QUOTE(DrFX @ Jan 9 2017, 04:50 AM)
You will be surprised that most of the brokers out there earn a few awards, either by real competition or by a package selling by the web site. You have to question the credibility of the web site before you believe the awards are real.
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DrFX you should help him to verify not to pump back. Anyway I very curious to know this kind award really or a scam?
asia starfishfx what do you think?
I've email to BNM this morning hope they will reply. Beside of this hope you have alternative way to find more answers for every asian ppl.

This post has been edited by hideto79: Jan 13 2017, 12:24 PM


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hideto79
post Jan 13 2017, 12:41 PM

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QUOTE(Jack_1 @ Jan 13 2017, 12:22 PM)
Again, brainless people always prefer to give brainless excuse. Simply give excuse points to fun/entertain himself, once he successfully been entertained by his own imagination, he also forces his audiences to accept his idea to join his "virtual" world. If people asking the proof of his "virtual" world, he started to become mad in emotion.

You never really give answer on the most important point.  "what happen if a forex broker closed the shop and run away, what is the warranty on that? ", which is the topic of this forum.

But keep diverse the focus on other insignificant point/questions, such as regulate/unregulated is not important..., how much you can earn.. and keep emphasize on how much experience you are... 95% 5%SCAMMER.. .. and etc.

Again.. brain (the ability to analysis),  wealth (how money earn) and experience (how much you had seen), are totally different meaning. The people has a lot money can be brainless or brain-ful (smart). because these words themselves carries different meanings.

For such simply logic statement, you even also cannot see it clearly. I doubt that what kind of logic/brain you have....
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Jack_1 if zulutrader brainless then what are you. what zulutrader pointing previous was not wrong at all, not every broker can obtain a regulation at begin business. Whether you have regulation or not risk come to you. The point are those company really get into real forex even no regulation or just scam for money only. Over brain jack_1 have you read how to obtain regulation like tier 1 or 2? If you claim you do why you polish zulutrader brain?

This post has been edited by hideto79: Jan 13 2017, 12:42 PM
hideto79
post Jan 13 2017, 04:05 PM

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QUOTE(Jack_1 @ Jan 13 2017, 12:53 PM)
You are greatly correct. I am brainless after I read though the posts. That is why I have question.

Forgive my brainless question, because I am really brainless and that is why I wish to ask :

"what happen if an unregulated forex broker closed the shop and run away, what is the warranty on that? " . <-- repeated question from previous post.

If I am brain-ful, I won't have any question to ask, because perfect. But I am not perfect, in fact. So forgive my brainless and lack of knowledge, I wish to seek the understanding by asking the above question. Maybe you can replace zulutrader to give us an answer, seem like his is not able to answer that.  biggrin.gif
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what happen if an unregulated forex broker closed the shop and run away, what is the warranty on that? biggrin.gif

You are so funny the key word you put there already answer by you self!


hideto79
post Jan 13 2017, 04:59 PM

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Mr. Jack_1

Mr hide, the answer is not funny for all people. Maybe it sounds funny for those stay outside of "virtual" world. Many people stay in his own "virtual" world after create my self-excuse, even though the question and answer are so clear, they keep finding alternative question to replace the above question in their mind. Eventually, they escaped to ask this question themselves in mind. Simply take a newspaper, you can read a lot of relevant story.

You have you own good point.

Since forgetful said regulation ran away!

Can you help all the victim FXUNITED as this company have regulation and was deregisted few month. I think lot people will like to hear what you can help them to claim back they money. 1st of all thank for helping them if you do so helpful.
hideto79
post Jan 16 2017, 02:21 PM

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QUOTE(forgetful @ Jan 13 2017, 05:13 PM)
since when i said regulation ran away? I'm saying even with regulation of t1, there is potential of the company to close shop too. What I'm saying is that these protection not protecting locals. but to the UK people
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Maybe i misunderstanding your meaning with jack_1. Lol

(
QUOTE(forgetful @ Jan 13 2017, 01:00 PM)
Can you confirm those with tier 1 regulation won't close shop and run away?
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hideto79
post Jan 17 2017, 05:52 PM

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https://www.globalbankingandfinance.com/

BNM replay today :
Dear Sir/Madam,

Reference is made to your email dated 13 January 2017.

We wish to inform you that Bank Negara Malaysia (Bank) has released information via various media channels to alert members of the public on scam or illegal activities. Kindly allow some time to read our press statement at http://www.bnm.gov.my/index.php?ch=en_pres...&ac=713&lang=en and the Financial Fraud Alert in the Bank's website at http://www.bnm.gov.my/microsites/fraudalert/index.htm.

Please be advised accordingly.

Thank you.

Meor Azlan Meor Hamzah
BNMTELELINK
Bank Negara Malaysia
No Tel : 1-300-88-5465
No Faks : 03-21741515
Email : bnmtelelink@bnm.gov.my

summary no answer my direct question, anyway I try to google with other listing award bursa malaysia.

http://www.nst.com.my/news/2016/07/156827/...hange-asia-2016
http://www.theedgemarkets.com/en/article/b...a-2016%E2%80%99

 

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