Spent hours telling my friend off. She was trying to recruit inside our common WhatsApp group. It sounded like she was taught on what to say and how to respond when I gave her the facts behind this money game!

Latest figure showed 78% of web traffic from Malaysia alone!

1) This company is the genuine one, don't go for the fake one.
2) It's on the alert list of authorities, not black listed, so can still invest.
3) Oh, Hermes Leong Koon Wah transferred many accounts to his name. He has nothing to do with this scheme. [ I was showing that this guy was recently taken to court in Singapore and was linked to another earlier scam which both were using tfxi.com ]
4) Was started by someone in Penang, used to be very slow but now all automated so it's fast and easy.

Most likely someone is doing data analysis in the background. The branches of investors not providing required level of positive cashflow will kena while continue rest of "profitable" branches.

Those "kena" investors will then run to MCA Public Services and Complaints Department but we know it's going to be impossible to get the money back.

I can't include link yet (under probation) but someone should post the website tfxi.com info from statscrop.com

Click on the ? next to the domain status of clientRenewProhibited.

Not sure what to make of this status!

Bungkus if website cannot renew in 5 months???

So you believe it will burst one day!

Hope you haven't been recruiting your friends and family members, they will be looking for you when it eventually burst.

This scheme will continue as long as there's positive cashflow to the scammers, from aggressive recruitment of new members and making it difficult for current members to withdraw funds especially those larger amount. They will allow lower amount withdrawals to keep members from suspecting something is wrong.

client renew prohibited

This status code tells your domain's registry to reject requests to renew your domain. It is an uncommon status that is usually enacted during legal disputes or when your domain is subject to deletion.

Often, this status indicates an issue with your domain that needs resolution. If so, you should contact your registrar to resolve the issue. If your domain does not have any issues, and you simply want to renew it, you must first contact your registrar and request that they remove this status code.

Just highlighting, not an expert in domain matters, so hoping any sifu who can advise if this is something to worry.

Definitely worry if come Jan, the domain name yet to renew!

Longest is 17 years but such scheme can collapse anytime when there is net outflow.

The way I see it is that deposits are almost immediate but withdrawals have been minimum 10 days. This gives the scammers opportunity to monitor and to manage the cashflows closely. If they see huge requests for payouts then it's time to bungkus.

All the evident are there, this website tfxi.com (together with backward links) can be researched online. Those websites under similar categories have a much more even spread of visitors from around the world. Look at similarweb for tfxi traffic and check section on Competitors & Similar Sites. With such great returns, it should have global audience rather than concentrating in Malaysian with traffic close to 80%.

This Ponzi scheme will only fail when there is negative cashflow.

As long as there is positive cashflow to the scammers and those (new and old) victims continue to look at the huge returns with their greedy eyes, this scheme will continue.

For all we know, they are paying the small withdrawals and not paying the larger withdrawals (by deleting account or not responding) to maintain positive cashflow.

Yes, there are many complains in their official Facebook, etc but how many of these victims will see these as red flags and wake up?

Worse, if you look at the comments, there are comments about money recovery service which sound like another scam.

For those victims who have suffered losses, do a public service and share your story here. While many will criticise you, I will applaud you for your bravery in sharing, to stop more Malaysian from losing their hard earned money.

The official Facebook page has filtered out all comments except one for each of their postings. For each of the filtered comments, only selective replies can be read.

I managed to read some of those filtered comments around 5pm earlier, mostly asking where's the withdrawal!

From S&P survey, can’t remember which year but within last 5 years.

South East Asia in general has one of the lowest financial literacy rate among developing nations. Imagine the population in this region, scammers don’t have to ask for minimum US$1,000 like other places, just US$100 is sufficient as this region has enuf volume of victims!

Most don’t realise that forex is almost a zero sum game, someone gains mean someone loss (you can google to read more). There’s no way to consistently making 7~15% returns every 5 weeks. It’s pure stupidity to believe that banks are doing this (one of scammer selling point) and not sharing with depositors.

The trades are fake. They are paying selectively and once negative cash flow, it will disappear, blaming on hack, traders, authorities, inside job, technical, etc.

If the recruitment drive intensified (higher referral bonuses, etc) and more complaints about delays in receiving funds, then the time is near.

wikifx dot com is putting up a big red flag! It's the hottest search item now!

Good to repeat again and again and again ....

The SFC’s warning was issued back in August 2015. While the company names are different, one of the cited website domains, “tfxi.com”, is the same used by TriumphFX today.

We have absolutely nothing to gain by our posts. I don’t want to see my friend to lose out at the end. She is nearing retirement and has been trying to recruit among our common friends.

A thief will never say he/she is the thief. I was shocked why she blindly believe when the scammers said they are the genuine one and the rest are clones.

Greed has taken over. Logic is out of the window. There are still many believers of JJPTR despite losing their monies. There are still many believers of Trump despite prove that most of the donations he collected never go to the legal fund to prove election irregularities. Scammers are targeting these irrational victims. Real scumbags!

There are so many ways to scam and the tactics are becoming more sophisticated as well.

Look at 55brokers dot com on TriumphFX

I tried to post links to some existing articles that warn about tfxi dot com and the moderator won't approve them. Majority of the posts are positive or approved because it's in a different language. Not only TriumphFX but most of the other known scammers also have more positive reviews than not. The website doesn't provide any basic or simple info about users who made comments. Something real fishy about this website.

Selective payout is what they are doing now and this scheme will continue until the scammers decide otherwise.

A real joke. Just showing what victims want to see. No one ask to show proof of the money or fund.

In 1MDB, few auditing firms kept asking questions about proof of the fund until they decided to resign.

It's very possible scammers are running algorithms to identify lines that are positive cashflow and are continuing those withdrawal payments.

The day will come when everything will magically disappear and those who been actively recruiting have to face their own family and friends.

Let me draft what you will write later. Feel free to fill in the name of the NEW SCAM.

I've learnd the the TFXI is a ponzi after that and the big boss is the founder for some of the ex-ponzi. But this {NEW SCAM} is just another thing. I'm started to study on it. Am a bit of regret of ignoring it for a few years. Maybe the old saying was right, "the biggest risk is not taking risk"

Please use common sense lah .... oops sorry I forgot you guys lost it.

BehindMLM website has detailed the link between Hermes Leong and TriumphFX. All info below from BehindMLM.

First : SFC of Hong Kong

Name: Triumph Global (Asia) Limited/ TFX Global
Type: Unlicensed entities
Address(es): Unit A-C, 25/F Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong
Website: www.tfxglobal.com and www.tfxi.com
Remarks: The companies give the above Hong Kong address but they are not located there.
Add date: 25 Aug 2015

The SFC’s warning was issued back in August 2015. While the company names are different, one of the cited website domains, “tfxi.com”, is the same used by TriumphFX today.

Second : SingliWorld scammers arrested, facing prison time and fines

Leong’s other charges included one count under the Companies Act, in which he allegedly used Singliworld, a company incorporated in Singapore, to conduct fraudulent trading.

The charge sheet stated that he induced customers to invest in a “leveraged” foreign exchange trading scheme with Hong Kong-incorporated Triumph Global (Asia) Limited and New Zealand-incorporated Union Markets Limited, although the two companies were not involved in any genuine foreign exchange trading activities.

They also had no sustainable means of funding the returns to customers.

If convicted of fraudulent trading, Leong could be jailed for up to seven years, and/or fined up to S$15,000.

Update 29th March 2022 – Four years after their arrest, the SingliWorld scammers’ trial has begun.

Prosecutors argued at the start of the two men’s trial on Monday (28 March) that the pair managed to lure thousands of hopeful investors into putting their money into Singliforex, an investment scheme which promised that a team of professional traders would use the funds to trade in “currency pairs” on the world’s forex markets.

Third : Triumph Global brings us full-circle back to the SFC’s 2015 warning.

Singaporean authorities cite Leong as a member of Triumph Global’s “management committee”.

It seems after the SFC’s warning, Leong and whoever he’s working with renamed Triumph Global to TriumphFX.

The fictitious corporate address in Singapore was also dropped, in favor of shell company registrations in the BVI and Vanuatu.

Vanuatu recently caught on deregistered “Triumph Int. Limited” back in May 2021. Guess the new name of the company and where they moved to next!

Just google the returns of top hedge funds of the WORLD which are managed by professional risk takers. Use common sense to compare both sets of returns.

Victims should make a big fuss about how our funds have been mismanaged by EPF (for Malaysians) and by CPF (for Singaporeans), giving such low yields that don't help us in our retirement.

I hate to say this, the only winner will be the scammers. Even though you managed to get your capital back, there will be many victims, who came in later than you, that lost their life savings. By fuelling this scheme, you are indirectly destroying the lives of countless victims.

KARMA IS A BITCH.

You're young and didn't know much but you are so much wiser from your experience. I respect your bravery to share and to admit your own past mistake.

Can't say the same for those who remain silent!