anyone know if these day open and funding forex account is acceptable by local bank or not? because there was a time, bank staff told me funding forex not allowed?
for example, use pepperstone broker. and anyone made money with zulutrade? some of the trader seems making money

what about copy trade from etoro? please comment

https://www.zulutrade.com/
https://www.etoro.com/

This post has been edited by kuladruw: May 8 2019, 01:37 AM

when your friend withdraw, is he receiving money from multiple bank account? for eg: withdraw RM3000, Rm1k from 1 biz account, 1k from saving acc and 1k another different acc? this is red flag

for depositing, give to money exchanger? and this middle agent will send to broker? because to avoid tax? fyi, malaysia has no capital tax, you made money from stock/any form of investment, there is 100% no tax. so no such thing as avoid tax

This post has been edited by kuladruw: May 24 2019, 11:32 AM

are you based in Indonesia or Malaysia? When receiving the money, it is from which broker? bank history mention how much is the exchange rate or not? for deposit, why cannot go to local bank and perform foreign telegraphic transfer direct to broker?

RED FLAG. That means Mt4 Account DO NOT Belong to you, but thru another agent which is MIA, or you(investor) is under MIA's sub-account. When you buy or sell in a real financial market, someone needs to have liquidity and willing party to accept your order, thats why people always go with BIGGEST & WELL KNOWN broker, easiest way to identify genuine broker is it has well established office in London(UK), Tokyo(JP/Asia) & New York(USA). the reason being is all the biggest bank in the world has dealing desk in these location and major market volume, movement & trading session always come from these big 3 player. when execute trading it will minimise slippage, and deep liquidity market available

i assumed this is his trading history? https://www.myfxbook.com/en/members/MIA491/...arrison/2411336
https://www.myfxbook.com/reviews/brokers/fintechfx/1594656,1
Upon looking at which broker MIA is using, which is this https://fintechfx.com/contact.php


Registered in some unknown island on Carribean, government there probably can easily bribed or corrupted, or probably can setup a MT4 server but did not execute the real trade? the world "DEMO" or "REAL" on your MT4 doesnt mean a thing, as long as the server accept ur order, u never know whats happening on server side, as they can setup few server for public to execute, demo or real & no problem accepting trade. there are plenty of case where people opened account with unknown broker, when made some money, try to withdraw but cannot, because no real trading has been executed, its just playing with the server. in my opinion, MIA is more like paying old investor by acquiring new investor's money, ponzi scheme.

Real managed fund just use broker with PAMM, which allow people to deposit and profit sharing scheme can be setup, between the trader and investor themselves. example : https://pepperstone.com/uk/trading-platforms/mam-pamm

if trader using PAMM, there is no need for MIA at all, once trade is closed, profit is split & distributed automatically. profit ratio can be adjust to any suitable level, depending on trader. investor can withdraw anytime they want, there is no lock-in period except when there is open position in the market


Here is Tier 1 liquidity provider, it is not a secret, world's biggest broker is always connected with these provider. for JH case, why need to use a broker that is registered in some unknown country?





obviously you dont listen, using a broker which is not-regulated could be faked with multiple server, there is no real trading. its just using new investor's money to pay the old investor

This post has been edited by kuladruw: May 27 2019, 06:47 PM

Good info, without regulation in place, the investor never know if trader actually done the real trading or faked with virtual money on multiple server.

legit fund manager would use well established broker like these, definitely not some address at Saint Vincent and the Grenadines

https://www.home.saxo/institutional-and-par...prime-brokerage


by just googling, apparently Saint Vincent and the Grenadines is SCAM HAVEN for financial trading.

https://www.google.com/search?source=hp&ei=.....0.DatP37t0IOg

few discussion with broker problem from St Vincent & Grenadines

https://www.mql5.com/en/forum/218242
https://www.justanswer.co.uk/law/8wyjj-frau...lem-broker.html

MIA 99% is definitely ponzi scheme.

Post number#1487 - 31 August 2018

https://forum.lowyat.net/topic/3774126/+1480

ODIN MANAGEMENT PTY LTD has changed the name to PUHUEI-CENTURY PTY LTD



Real Odin Capital is located in Greenwich Connecticut, USA. http://www.odincapitalmanagement.com/
their real managed fund is called Odin Raven Fund, L.P, min investment US$250k, broker they use is Charles Schwab & Co., Inc., Interactive Brokers

source : http://www.trackhedgefunds.com/odin-capital-management


but there is no proof, it is the same as the forex broker - https://www.odincapital.com/ it is most likely created by scam artist to mislead public theyre investing with Odin from Connecticut, USA. at the moment, odincapital website removed the https protocol, so dont try to enter any info it could steal your password or install virus on your computer

Other related info :

This post has been edited by kuladruw: May 28 2019, 06:14 PM

Offshore broker comes with risk, for safer purpose choose broker located in UK, US, or SG/HK

https://www.ig.com/sg/forex
- funds are held in a segregated bank account.
- minimum funding - SGD : 450 / USD : 300

https://www.ig.com/sg/help-and-support/depo...-my-mt4-account


for scalpers : Saxo Bank

HK Based : https://trade.z.com/hk/en/
-they have real walk-in office/conduct free workshop
https://trade.z.com/hk/en/about/company.html
-no minimum deposit

looks risky, people already moved on to robo advisor. Singapore based managed fund, its been around and much safer https://blog.moneysmart.sg/invest/robo-advisors-singapore/

USGFX doesnt seem to be reliable broker, high risk

https://asic.gov.au/about-asic/news-centre/...tives-provider/

cant say scam, but any broker in offshore is risky. try ask do they have auditor? but common sense always avoid offshore broker, only use broker which have office in following

New York 8am to 5pm EST (1pm to 10pm UTC)
Tokyo 7pm to 4am EST (12am to 9am UTC)
Sydney 5pm to 2am EST (10pm to 7am UTC)
London 3am to 12 noon EST (8pm to 5pm UTC)

https://www.investopedia.com/ask/answers/ho...e-24-hours-day/

Agreed, with offshore broker no one can prove it is real or fake trading hahaha

Belize
British Virgin Island
St Vincent and the Grenadines
Saint Kitts and Nevis
Curacao
Seychellles
Latvia
Estonia
Malta
Dominica
Alderney
Belarus
Kenya
etc..

local government would not demand the following

- draft, bookeeping and annual reports of your company
- no submission of annual or monthly tax returns & report
- no requirement to submit any financial documents publicly
- no requirement regarding statutory audit
- do not require filing annual financial statements within the local authorities


Government effectivness index for offshore country also extremely low, this also mean gov is ineffective to carry out any law enforcement activities, public and civil service severely handicapped, social and political riot happens often, this also mean forex scammers and criminal free to do anything they want
https://www.theglobaleconomy.com/rankings/w..._effectiveness/

so it is fair to say, there is no real trading involved if you are using offshore broker, as company registered at offshore is lack of regulation, neither the local gov can be trusted, can be easily bribed by scammer to continue operating.

This post has been edited by kuladruw: Apr 8 2020, 01:14 PM

for those who are interested to manage fund can try using eToro copyportfolio

https://www.etoro.com/copyportfolios-partne...folios_partners

another broker available for those who want to be fund manager, https://keytomarkets.com/en/pamm-account/social-pamm/

FCA regulated https://register.fca.org.uk/ShPo_FirmDetail...b000000NMd9HAAT

IC Markets also have PAMM for those who are interested to manage fund https://www.icmarkets.com/sc/en/forex-trading-tools/mam-pamm

in my opinion, wont recommend use any broker based in Indonesia even though they are regulated by local authority. Government effectiveness Indonesia ranked at no.75, cases like bribe few thousand and probably can buy license easily, regulation is not effective and company allowed to do anything as their wish. reference : post no.2796

This post has been edited by kuladruw: Apr 8 2020, 01:17 PM

1.)https://www.etoro.com/investing/copyportfolios/
2.)https://keytomarkets.com/en/pamm-account/social-pamm/
3.)https://www.darwinex.com/investors
4.)https://www.waterloocapitala.com/
They use Interactive Brokers
Minimum investment : US$10k
Fee : 1.25% of the Portfolio's Asset Under Management
Product traded : Stocks, Bonds, Options, Forex, Mutual Funds

FYI, i am not investing or affiliated with the company above.

This post has been edited by kuladruw: Apr 8 2020, 09:28 PM