Hi, does anyone have real thoughts on Bobstone's comments on the Q&A please?
What happened to Bobstone? His account is disabled? He didnt reply me on PM.
Senior TFXI Sales Team trip to Cyprus + Q&A (MUST SEE) This is the only brokerage house in the world that runs by itself without any management or directors. It feels as quiet as their brand new looking empty offices. Very different from the old building with a For Sale sign hanging down the sides in the TriumphFX official address (see google map). They also don’t mention any investment funds in this corporate deck. No Takami, Yuri, Tokyo Finest, EOB, GMC etc. Zilch. They should show the Malaysian office since more employees are based in Malaysia according to TriumphFX profile on Linkedin.
They claim to have 3000 people attending their online webinars from 26 countries. Last I check 70% of daily visitors to TFXI.com are from Malaysia and some from Singapore. They are also acquiring an unknown 3rd license. No big deal.
A Q&A between Introducing Brokers (IB, top sales people) and TFXI (or the Invisible guys)
Please flip through the deck carefully below and form your own opinion.
(Page 3, Point 4) – Your capital on TriumphFX platform are governed by Cyprus (part of European Union), but if you move your funds to a private fund like Yuri, it’s under Seychelles jurisdiction, which is part of Africa and NOT in European Union. Top jurisdiction for sure.
(Page 4, Point 5) – Your assets held under TriumphFX is NOT segregated. If TriumphFX goes bankrupt, your money goes with it and can be claimed by creditors. As for the Yuri funds you may admire, nobody knows whether they exist or where they park your assets. You are only assuming they are parked in TriumphFX when your brokerage statement with TriumphFX account doesn’t say anything about it.
(Page 5, Point 3) – Most credible central banks warn citizens against dealing with offshore financial brokerage to PROTECT its citizens. A financial regulator protects its citizens by forcing separation of assets between you and the brokerage, and making sure each financial institution is sufficiently credible for what they claim to do.
(Page 8) – The section on DEPOSITS is most interesting. I don’t think your funds ever go to TriumphFX Cyprus. That’s why you only access TFXI website in Malaysia to check your balance, and not TriumphFX website. Did they say the Seychelle fund’s can’t open a bank account in Cyprus and EU?
Everything shared here is fishy with constantly changing bank accounts in Seychelles. And local 3rd party accounts to receive investor being closed frequently. You should check out the portal Help2pay (www.help2pay.com/) and paytrust (paytrust88.com/) separately. It’s a joke in terms of security and compliance of Bank Negara Rules. Just a reminder that in the real world with money laundering concerns, you don’t receive and/or pay funds to strangers blindly for any investing.
(Page 13, point 3) In the fund manager section, TriumphFX essentially says they DONT DO DUE DILIGENCE on the fund managers and asks you to talk to your sales person. So the stories behind the fund managers are made up by some high level sales person? Show me the script.
(Page 16 and 17) The last suggestion by IB is Most Important. An IB is asking in point 4 and 5 for the TriumphFX broker statement to consolidate an investor’s balance in both TriumphFX platform and the funds you invest in. The reply was no. TriumphFX only shows what’s active trading for the individual IB and directs the investor to check with any fund manager in a “Trader’s Room”. This means that TriumphFX platform (EU regulated) is not responsible for anything the fund manager does. That is between the investor and the fund manager.
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When in doubt don’t invest lah . I would do that if I have so much doubt abt Tfxi. Plenty of other platforms we can put our money . Bank is the safest at 2% much lower than inflation . Anyway bank so yet guarantee max Rm250k
Sep 4 2022, 12:16 PM
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i too think it was bcos of that promotion to others to visit his blog everytime the posted
there was even a new forummer started a new thread recently, mentioning that he was posting on behalf of Bob too.
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