QUOTE(trailblazers_song @ Sep 9 2022, 11:25 PM)
Interestingly the post u pointed I didn’t mention TFXI or Vesbolt .
Rough reply to tell u .. shit who are u to remind me what I can post 😡. So all post in Low yat can only reference to the heading of the thread? Don’t have such lopsided opinion. Surely U don’t set the rules here. ? Shit , u don’t have such privilege, power or any form of entitlement to dictate what posters want to post except obscenities & XXX
Chill. These LowYat jokers if the thread titled "TFXI", means they are only allowed to talk bad about TFXI. If we talk good, or comparing with other brokers, is not allowed cause "The TITLE says so". LOL
QUOTE(YoloNoregret23 @ Sep 9 2022, 11:32 PM)
It is very interesting watching the arguments go back and forth. there are moments when it looks like a champion oxford debater or trial lawyer giving a closing argument, and on other occasions, some kid caught lying and arguing with his pants down and d@k sticking out.
I have friends who work in the Defi crypto world who share how much lies and bullshit happens day to day. Good luck to those taking money out of Celcius - how they wish they get real USD back. They need to file a claim in the US courts. It's going to cost a lot of legal fees.
Interactive brokers (IB) is not in Malaysia. If a Malaysian have an account open with them and IB go bust, you will have to go to the country where you open your account to file your creditor claim. In the case of Interactive brokers, I think it's Hong kong and Singapore, both real countries with proper requirements with custodian banks for segregation of securities. And what is custodian bank and segregation of assets? well, that's what Celcius didnt do. If you stake anything with them, they mix up client resource with their own.
This TFXI would not be very different. Both sides will learn - humility, greed, ignorance, stupidity.
TFXI is a private company that don't need to show anything. TriumphFX is regulated in Cyprus and have EUR125k minimum share capital only supporting millions of FX trades. May be they do, may be they don't. You will imagine the European regulator will require a certain share capital that supports a certain volume + value of trades.
But I don't understand why TriumphFX can't do fund management. Isn't that funny? European Union doesn't have asset management? Instead we use Seychelles, a 3rd world country in Africa, and call it TFXI?
Not sure if you are a back-reader or you literally didn't read the comments before so I have to repeat again. CySEC only allows 1:30 Leverage maximum for trading. Whereas Seychelles allows 1:500 Leverages. Fund Managers need higher leverages to gain profit faster as part of their strategy. Their lowest is 1:100 to a max of 1:500 if not mistaken.
If you're questioning the reputation of Seychelles, bear in mind great brokers such as eToro, Pepperstone, HotForex, Tickmill, Plus500 are all getting themselves regulated as well. You may call it "3rd World Country" but their regulations are not as bad we you think. Ofcourse I wouldn't compare it to FCA, CySEC, NFA etc.
QUOTE(YoloNoregret23 @ Sep 9 2022, 11:49 PM)
Is there a reason these Godlike track record funds as you put it, mostly raise money from Malaysians only though? Why are most of the daily visitors to all their sites (tfxi, tfxi2, tfxi3, tfxi.sc) from Malaysia?
Did we give them tax incentive to move to Malaysia my 2nd home? Tax free car?
Between 1965 and 2020, Berkshire Hathaway stock had an average annual return of 20%, almost double the return of the S&P 500 Index. This is THE Warren Buffett. The greatest investor of all time. 20% per year, not per month.
Here we go. Warren Buffet here and there. Stop repeating what others say & read back the comments before. Gosh. So many new people with "Warren Buffet" theory.
Warren Buffet is an INVESTOR not a TRADER. He invests in COMPANIES not trading in CURRENCIES. The problem with most people is they think Investments = Warren Buffet. Dude, get to know a clearer picture of what Warren Buffet does before saying anything. He's an investor. A LONG TERM Investor with value investing. His instruments are mainly stock market who will appreciate in time but not profiting that much in a short time.
In TFXI, they're providing FOREX Fund Management. Currency Trading with HIGH LEVERAGE (Go google what is Leverages, CFDs if you don't know how to differentiate). Currency Trading goes in and out in a few days/few minutes time. All short time-frame positions. With high leverage poses higher risk + returns. I bet you're not a Forex Trader nor know anything about Forex. Hence saying the same thing like what others bark before.
Everyone just loves to bring Stock/ETF/Indices/Mutual Funds/UT to compare with FOREX. Go trade Forex by yourself and you'll know what I'm talking about.