I am quite new in FX and seek for u guys input..

If the MT4 trades can be fake, does this meaning to say that most of the FOREX companies are actually high risks?

As each of the broker MT4 could be different from each other..

This post has been edited by smartinvestor01: May 16 2021, 09:01 AM

I did not invest in Forex yet but I think if anyone can just scam the Open Price trade, no one is safe..

Not even if there have top tier regulation complicance, it means nothing.. In fact, I am quite worried about all the available broker no matter how compliance there are..

Just sharing what I think.. No offense..

DrFX and Terry Tan, any good brokers with PAMM system with segregated account to recommend?

Thank you in advance.

I would like to share some of the findings about TriumphFX and I am just giving this information to supplement to some of you because some of you might have invested in TriumphFX aggressively.

I did some of the research of this company because I previously did invested but I pulled out everything because despite trying, I think I should not be bound to the explanation by the person who referred to me, but I also need to know what are the risks I am facing.

Triumph International (Cyprus) Limited and Triumph International Limited are totally different entity whereby the one being promoted for the retail or managed funds is under Triumph International Limited. Triumph International (Cyprus) Limited is regulated, not the Triumph International Limited which offers the managed funds, but usually the promoting of the funds was to use Cyprus presentation slides as it is more convincing.

Therefore, your brokerage risks in investing in Cyprus and the other one is totally different. Although Vanuatu being a very non-strict financial regulator issuing the fraud list have made me concern. Pairing with the Singapore latest post that TriumphFX have been flagged by MAS, Singapore. Another reg flag was the news about Indonesia banning TriumphFX was something to note about.

Under the trading implication, the funds managers might be trading using the regulated platform under Cyprus but the retail investors through the managed funds is under the Triumph Int. Limited, so my belief and worries happen to be on the protection of the investment if the funds is invested in Triumph Int. Limited. Apparently, funds managers trading in the regulated platform will export the figures into the so-called MT4 trading platform for the investors to have a look on the performance. But the issue is how secure it is for us as investors to continue investing under the non-secured company.

I know many did say that they have being receiving their interest payment and some have withdraw their money without issues but I also came to realize that there are complaints also posted in the comments in some forums about the withdrawal issues. As now is the pandemic moment, I think for a money loss would not be as easy as previous years to earn back and I am posting this because I think some of the investors should know what they are investing.

I believe the main upline would mentioned that the transaction in MT4 cannot be show to every investor because investor would copy it so the trades would have a 4 hours delay so that the investors cannot copytrade. Apparently they mentioned that the system changed because of this and last time investors can see live trade. But I am quite worried when I did see some post mentioning that the movement in the Triumph International Limited and Triumph International (Cyprus) is not similar. I am not sure if the MT4 can be made transparent to investors in showing live trade and change passwords to allow investors to only view the trades after 4 hours, but I think this is certainly not the tool I would like to risk on.

Sorry for posting such a long post but this is just my sharing.

Yes, they are super aggressive even as to the existing investors, I think they will keep topping up..

I do hope the end is coming soon because as the operation is still operating, many new investors will continue to tag along.

The main problem is not many of the investors would do the research after investing. Luckily for me to push the brakes after sensing the operation and the modus operandi of the investment is questionable.

Post #4105 You may check on what I wrote on post #4105..

I am tagging this scheme as very dangerous and many red flags. I guess we might not want to risk our investments just like that..

Like what you advise your friend, only invest what is afford to lose because it seems to be that this is a time bomb..

Those around have for 7 to 8 years have earned back their money, your friend starts from zero to earn the full money back..

As the Vanuatu license have been terminated and the other licenses are registered under Triumph International (Cyprus) Limited, Triumph International Limited is totally not regulated now, even by worse tier license like Vanuatu..

Even when they say they are applying for Seychelles license, is it park under Triumph International (Cyprus) Limited or Triumph International Limited which is handling private managed funds still maintain as unregulated..

The moment Vanuatu rise the red flag on the termination of their license, adding with their quite funny excuse that their license in Financial Conduct Authority (FCA), United Kingdom was not renewed or applied due to the Brexit was quite a bad move. FCA license being so worth, why terminate and directly went to a lousy tier in Vanuatu which was then face problem then goes to apply for Seychelles license?

This is totally a suspicious move for me. And always remember when you top up using your credit card, the description of the merchant name in your credit card is not related to this company you are involved in. You are putting your money based on trust only, and your security is very limited with what their history and move have shown you.