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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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wykl
post Nov 21 2020, 10:37 AM

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QUOTE(DrFX @ Sep 29 2020, 04:40 PM)
Below are the hottest FX SCAM in the market now.

TriumphFX
VexTrader
CP Markets
SamTradeFX
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Hi bro, why do u say cp market is a scam? My mom getting about rm500+ a month by investing rm6800..
wykl
post Nov 23 2020, 05:32 AM

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QUOTE(terrytan @ Nov 22 2020, 12:37 AM)
Every scams started with "investors" getting money. Make sense? If no one getting returns, no one will invest. That's the way they can get more people to invest.

Soon or later it will collapsed when the scammer collected enough money as in ponzi scheme.

You sounds very young. Plenty to learn how these scams operate. CP Markets has no valid FX broker license and doing fake trading with fake returns. In short, those money your mum getting is from her own initial investment.  laugh.gif

There are many ex scammed FX platforms that you should study if you are new including JJPTR, IGOFX, MIA, GOLD TINKLE, etc.
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Hello Terry, thanks for explaining this to me. I hope I can talk sense in my mom about this, I told her not to believe. Let's hope she don't invest further in this CP Markets/FDX Capital.

The past few days she has been wanted to top up more which will cost another RM6800 to and she was hoping a return at least RM1000 month, at least that's what her friend is getting.. I'm starting to feel the stress about it as I feel that she is being scammed.
wykl
post Nov 23 2020, 05:36 AM

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QUOTE(MUM @ Nov 21 2020, 11:09 AM)
mind sharing
how long has she been placing that RM6800?
this RM500+ monthly,.... did she get it back thru her bank a/c?
how long after she placed the RM6800, was the monthly RM500+ started to arrives in her bank a/c monthly?
notworthy.gif
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She just started a few weeks ago, she mentioned that her friend is getting back the money after invested RM50,000+ and now earning back at least RM4000++ a month.

She also tell me that she can withdraw the money of RM500+ instantly if she want but she haven't do so yet as she told me that the more she invests, the more she gets in return in future.
wykl
post Nov 23 2020, 05:42 AM

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QUOTE(terrytan @ Nov 22 2020, 12:37 AM)
Every scams started with "investors" getting money. Make sense? If no one getting returns, no one will invest. That's the way they can get more people to invest.

Soon or later it will collapsed when the scammer collected enough money as in ponzi scheme.

You sounds very young. Plenty to learn how these scams operate. CP Markets has no valid FX broker license and doing fake trading with fake returns. In short, those money your mum getting is from her own initial investment.  laugh.gif

There are many ex scammed FX platforms that you should study if you are new including JJPTR, IGOFX, MIA, GOLD TINKLE, etc.
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I'm sorry to ask but may I know how can I check whether a company has a valid FX broker license?
wykl
post Nov 24 2020, 03:36 PM

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Thanks for all the feedback everyone.
wykl
post Nov 24 2020, 03:37 PM

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QUOTE(DrFX @ Nov 24 2020, 12:36 AM)
user posted image

Perhaps this may give you an idea how CP Markets cheat with the cheapest license from Czech Republic. Similar to MIA, they got a small payment service license, not FX license, not investment license.

CP Markets also has NO VALID NFA license, another misleading cover up by WikiFX who got paid by CP Markets.

Whenever there are no valid license, mean they can cheat and scam as they like. The returns are ilussion, it's from your own money. The trades are fake, there is no real trades behind.
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What is small scale payment service means ya?
wykl
post Nov 27 2020, 08:12 PM

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QUOTE(danilee @ Nov 27 2020, 12:41 PM)
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I withdrew DMIS (CPM). Last month said 50% dd, last 2 weeks wanted to withdraw they said 30% dd, delayed me till now 80% loss ‼️‼️‼️We will go after CP Market
CPM daily confirmation doesn't have the so call floating trades all the way from September. When withdraw they came out with all the loss trades, so called floating from September
it is CP Market daily confirmation, if not CPM, who else can work with MIB to scam?
Now wiki put NFA general registration. Removed Czech National bank
CPM only licensed to collect small payment. They are now under investigation

CPM has no regulation in CNB
https://www.cnb.cz/en/supervision-financial...MARKETS-s.r.o./

The Czech National Bank wishes to warn the public that COOPER MARKETS s.r.o., company ID number 03441067, which is offering the possibility of trading in financial derivatives via the CP Markets platform on its website https://web.coopermarkets.com/, holds no authorisation to provide investment services or any other financial market services in the Czech Republic, and its activities are not supervised by the Czech National Bank.

Investment in its products is not subject to statutory insurance.
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hi, may I know what will happen next? Those ppl who invested can't get their money back? are u having issue trying to withdraw money?

This post has been edited by wykl: Nov 27 2020, 08:44 PM
wykl
post Nov 28 2020, 09:16 AM

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QUOTE(terrytan @ Nov 28 2020, 01:02 AM)
Typical habis cerita for SCAM FX. They will not let you withdraw the money when the game comes to the end. devil.gif
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