u gotta dig deep only can get the info.

thing is i browse the broker website seemed a bit fishy wan.
then i search it's links and everything seemed like only comes back to malaysia and singapore.
how can a broker only finds customers over here ??

later i found that it only requires 2k USD to open forex broker from Vanuatu.
bingo...even got fake broker nowadays

http://www.gbo-intl.com/gbo-blog/vanuatu-forex-licenses/

About the Vanuatu FX broker license
The Vanuatu Financial Services Commission (VFSC), which is the entity regulating and supervising the financial industry in the country, is responsible for issuing licenses.

- In order to apply and obtain a Vanuatu Forex license, your company must first incorporate as a Vanuatu International Company. The process may take somewhere around 3 days and GBO is here to assist you in every step of the way.
- Once the company is incorporated as a Vanuatu International Company, we submit the application for a Security Dealer License. The process for the -- Security Dealer License takes approximately 6-8 weeks. The license must be renewed annually by filling out and submitting a new application, with the associated fee.
- The Dealers in Securities requires brokerages who establish their business in Vanuatu to hold a security bond of VT200,000 (Approximately $2,000) held with the Registrar of the Supreme Court.
- Vanuatu abides by the Prevention of Frauds Act, a very user-friendly act that allows individuals and companies to apply for a Securities Dealers’ License.
.


Low minimum capital required (about $2,000).
No local office and/or employees are required in Vanuatu.
Vanuatu offers the the fastest regulation available on the industry.
Costs to obtain the Vanuatu FX license are low.

i've seen the presentation slides.
most likely is money game schemes as they give overriding commissions(spread), intro comissions and a lot of things.

even if u can withdraw the profits doesnt mean it's legit as it only takes the right amount of time before new members money cant cover for the payout. then bye bye broker close shop
trust me, i know ppl who does all these money game

anyway it's ur choice.
2k USD deposit to open forex broker, no office needed, just a few bank accounts and a website. u dare to transfer to these kind of broker ??

different countries different regulations
some brokers are listed companies, with audit and a whole lot more security deposit like USD 10mil and above in order to get the license compared to the above

This post has been edited by AllnGap: Nov 18 2016, 08:51 AM

My brother was approached by his friend in this igofx.
So I spent some time doing some digging.

Even the statement is true do u dare to park your money on a 2k security deposit broker ??
With no office, no audit, all u deal with a local Malaysian and a website and online statement.

2,000 USD security deposit. I think ur trading account bigger than brokers deposit d right

The money game ppl expanded to do gold, bitcoin and now they even become forex broker.

Just ppl here never do their homework to dig deeper

My bro forwarded their FXbook equity curve.
Basically one straight crawling up.

If broker can delete their own trades, what tools u can use to track that ?
Assuming broker is fake

manipulate price to hit TP ?

did u check their price chart same as other brokers ?

LEL, what u expect from a place where ur deposit is more than broker's security deposit

u confirm their trade no play chicken ?
that vladimir guy so geng ?

http://igofx.com/

their so called address in England is a virtual office (shared address office service), and got plenty of scammer companies registered there
20-22, Wenlock Road, London, N1 7GU, England.


https://www.gov.uk/government/news/high-cou...nto-liquidation

The Court heard that all bar one of the companies were incorporated by the same formation agent, a Jade Evans (who has not been located), and her company, ABN Company Formations Ltd (now dissolved). The Court also heard that over 50 other companies had been formed by Jade Evans and utilised as part of an extensive network of companies engaged in systematic fraud.

The investigation showed how the six companies before the Court had common features such as inexplicable and dramatic increases in their share capital, the appointment of fictitious officers, identity theft, the filing of false accounts reporting significant assets and trading, providing one another with favourable trade references, ordering goods whatever the price quoted by the supplier, creating websites with content usually taken from other genuine sites, all to give the impression of a bona fide business. The companies nevertheless had no presence at their registered offices.

The companies targeted building trade suppliers, depriving them of more than £300,000 of goods comprising cable and other electrical goods, steel and reinforcing rods, ceramic tiles, paint, flooring, artificial grass and computer and office supplies.

The goods fraudulently obtained were delivered to common addresses, one in Milton Keynes and two in Essex.

Welcoming the Court’s winding up decisions, Chris Mayhew, Company Investigations Supervisor at the Insolvency Service, said:

This post has been edited by AllnGap: Nov 18 2016, 01:53 PM

u smart ah...pay usd100 get free signal

i wanna create a trader's room.

just share what we have to reduce our workload.

i very sien have to analyze 10 pairs daily.

i've presented my case why IgoFX is not a reliable broker, it's your money after all. cheers

dont blame anyone when u cannot withdraw your money

i'm gonna list down what criteria to check. u do the homework yourself.

It's about client protection level.
a forex broker can be 2k USD security deposit broker with no actual office and no audit, no segregated accounts, lax regulation, registered at some place called vanuatu, lousy support OR
a big corporation(even listed company) with hundreds of millions of assets with real offices across a few countries, audit, segregated account, strict regulation............


1. by assets size
find their reported assets, some are even listed companies like FXCM, OANDA

2. FOREX FINANCIAL license registration (https://www.100forexbrokers.com/fsa-regulated-brokers)
a. financial regulation by which countries,
some countries are very tight, audit, segregated account company with clients, (if bankrupt, liquidator cannot claim clients' money etc). like in US, owner sent to jail for defrauding customer
while some like Vanuatu is very lax. with less than 10k usd can register as broker. no audit, whatsoever.
great for scammer or whatever money game setup. owner and CEO wont go to jail.
usually the fishy ones love those lax regulation

b. how many countries are they registered at
oanda is registered at 6 countries like canada, US, England, singapore, australia, japan.

3. types of broker (main or white label)
some are just white label of the bigger forex broker. (white label is when u apply large volume transactions or large deposits in millions of USD), open another channel with big brokers (they dunt have to setup like normal big corporation forex broker.)
you will end up paying more commissions and again the client protection level is much lower

4. broker commissions structure. (if possible get them)
this is where u see the most fishy part. some "fishy brokers" offers up to 5times the normal market rate.
real brokers compete throught competitive spreads. if higher spreads means higher trading costs. multiply that over long period of time your profits will get eaten up. so real traders will avoid high spreads by default

money games brokers usually offers very high deposit bonus, high trading bonus for their introducer up to 5 to 10 times more.
the commission structure is exactly like pyramid schemes with 3layers of overriding.

even if the broker is legit, the broker will have to jack up your trading costs to cover it. end result is u get ripped off

5. currency spread (advertised vs real)
this u got to test it yourself. refer to point 4 & 6

6. trading side (this can be 5pages long)
- connection timed out, trade context is busy, go in at this price, but orders away by 3pips +spread (same goes to stop loss), sudden change of leverage prior to big announcement (if earlier sent u email for notification is ok)

7. audit
since they are regulated, they have audit. some are even listed companies, so undergo audit like KPMG

8. business address
- cross check with google, not some fishy virtual office share same address shared with a few more hundreds business registration. (a sign where u have more asset than your broker does)

9. bank in method
if go through local "agents" a big fucking NO !! why ??
if i own the company, how would i know my agents will sapu my clients money, runaway, clients sue me, cause bad reputation ??

10. helpline / technical support
check their response time. call them up. 24/7 5days a week

11. test with small amount before u go big amount
at least u know how they operate

This post has been edited by AllnGap: Nov 19 2016, 08:41 AM

here i give u biggest evidences of all time.
all the visitors of IGOFX all originate from malaysia and singapore only.
dont u feel fishy the broker only do business in these 2 countries ??

go see yourself igofx.com.hypestat.com







this is oanda. listed company from US. 6 real forex license from 6 first world countries



This post has been edited by AllnGap: Nov 19 2016, 09:07 AM

go hypestat.com

enter the main website like do google search.

who's the broker for pip hijau may i ask ??
the more truth i vomit out the more enemies i have here. LOL

looks like better to let ppl learn through the hard way

my brother got intro to IGOFX by a friend.
have to dig deeper lo

sure thing

wah damn terrer......

Inverse relationship.
JPY, CAD, CHF

Direct relationship
EUR, GBP, AUD, NZD

See the USD is in front or back of currency

YES yen dropped.
but the currency is

YEN INCREASE
USD / JPY DECREASE.

AUD INCREASE
AUD/USD INCREASE

note where is the USD position