Hi all my lowyat friend, what to ask if anybody ever use octafx copy trading as advertise on youtube? does its make money overtime? its scam or legit?

Few hundred gone in few days. Wanna play it just dump huge equity. Else just throw away the money.

If u can contact the player than it will be safe. U dont know how many slot he will open. Suddenly he add more to equity & open more slot.

You stand better odds with etoro as etoro was build with the initial purpose of copying trades. There are lots of good portfolio on etoro that you can copy.

yes, im using etoro. invest 200usd and now become 500 usd already. profit 300 usd. using copy trading. now finding other investment that workout.

owh u mean if the master trader equity 600usd , for safety side i must invest 600usd as well for safer side? or equity 600 usd , i invest 600usd. then sudden master trading guai lan increase to 1200 usd and i will lose my money due to float profit? quite danger

Then just stick with etoro.

Yup. 5 mc in a week. Im done with it.

Teach me about etoro, same as octafx?

Used octafx once. Legit in the sense that you can withdraw quite fast.

But in practice it's basically like follow other people gambling in genting. Stocks better if you don't like to see lose money

I was wondering is OctaFX legal in Malaysia?

AFAIK, forex trading is not being legalized in Malaysia.

Most people focus on broker, but I believe the real challenge would be able to maintain sustainability & consistency.

A lot of online broker and forex exchanges like octafx, etoro aren't really recognised by our SC or BNM. You wont get in trouble per se but you have to bear the risks.

Yes, the risk of having investment being frozen in these non-legalized firm is a real concern.

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

Do your own research. Only go with tier 1 accredited broker (FCA, ASIC).
AXI also has their own copy trading and secured with Client Money Insurance.

Etoro not in the list?

Check page 1, post 1?
https://forum.lowyat.net/topic/3774126

Etoro is in one of the list

Then better avoid.

why avoid?
etoro is under which list?...
there are a few listings in page 1

Etoro is on the legal list

Haha my bad
Then no harm trying copy trading on e toro.

Copy trading.. wouldn’t there be risk if the fella did some mistakes and end up u lose money coz of him/her? It’s basically using your money to blindly follow another person’s trade?

To make 200 become 500 in such a short time definitely involves trading. No longer using traditional investment methods.

You can copy but if anything happen soon it is copier who take the fall instead

Better off learn to trade yourself and follow the whales instead

How long have you been trading bro ?

Why not using Hotforex? One of the most trusted broker in Malaysia since 2010, if not mistaken. Regarding the copytrade, it depends on the master trader.

their official website never stated where they from , no financial institution backup. search google, its banned in many countries. further more, their advertisement like gangsters lmao.

good that you asked, but probably best to do own research too, there's a lot of blogs n forums for fx trading. list down their pros and cons, compare with other brokers

Oh interesting..saw this ads many many times while playing Candycrush

Yes always need to do your own research when come to trading..
have friends that lost money coz listen to others and buy when the rumours was hot or to those that was not legal..
i personally prefer to have the fast withdrawal options..

Ikr. Cannot blindly follow what other people said without doing your own research. I know the excitement to increase side income, but trading is never easy. The most crucial is to always choose trustworthy and regulated broker. Back then i practiced trading risk free with demo account before jumped to live trading, the trading platform has simple interface, easy for a new comer to follow and learn. They also offers wide range of tools and indicators, which i found very helpful.

eh, trading platforms also not legal ka?
becoz how do they advertise their platforms ?
my friends all do a trading one with small amount becoz they dont want take a risk.
some of them got scam so must beware.

No such thing as easy money in this world la..demo account is good for newbies as this will allow them to experience it them self. Info that you get in forum, links etc..take it with a pinch of salt and do your own research before you start putting in money.

recently started with Lirunex..am glad that this broker is not in the list shared in this forum
did my research not just in Malaysia sites but around the world..so far good feedback..now the 2nd step is to start with their minimum deposits of USD 25..will keep monitoring for the next few days and see..

anyone have comment about Lirunex?

refer to the explanation in post # 27...

I think it’s trustworthy and safe to use, friend of mine has been using this broker for 3 years already, it’s also regulated & authorized by CySEC, LFSA, and a member of ICF.
When did you start? If not mistaken now they are having promotion bonus right?

oh wow..3 yrs with the same broker..either your friend is damn good and making money or the broker is good haha..
for me only started with the minimum deposits as i am still new in trading..only been 2 months..as chinese saying use small knife to cut big tree haha
their gold promo right..

It’s quite a good broker in my opinion. Their trading platform has solid PAMM/MAM system, no slippage. Leverage is up to 1:2000. What i like the most is the withdrawal process so far never faced any issue, payout is easy and fast.

Thanks for the info bro..am glad that I choose Lirunex as my 1st broker and 1st time trading
I know in trading there is a lot of risk and gain but with the right broker, it can help you to gain more haha
by the way how much is 10g gold bar worth ya..

You're asking about the gold reward isn't it? For 10g fine gold bar you need to put minimum deposit of $1500 and above. Just refer to below photo, can check at their website too.

humm not bad..invest and can get gold bar haha..
thanks for the info..will check it out and check my bank to see got extra $$$ or not haha