Hi all. Anyone heard of Herzen FX? Is it a scam ? They used to be known as Prima International Trading and recently they changed their name to Herzen since last year 2022. Can anyone verified on this please?

A scam

https://www.wikifx.com/en/dealer/3314203459.html

Damn. Ok! That’s for the alert🙏🏻

Read post 4873, page 244, by forummer SKL
Of this thread
How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker
https://forum.lowyat.net/topic/3774126/+4860?hl=Herzen

This post has been edited by MUM: Nov 16 2022, 12:13 PM

Thanks for the sharing

Always check with BNM directly on the listing of approved foreign FX trading companies. You may click the link here https://www.bnm.gov.my/web/financial-fraud-...-trading-scheme. There is a long list of companies listing for your perusal.

As above, based in Marshall island.

You see anything based in some funky Island in the Pacific Ocean, Carribeans, Mediterranean, Cypruss , Secyhlles etc etc.

RUN.

The only islands for FI you can trust is Singapore and HK. Even Penang Island can't be trusted.

Thanks for the insights! Appreciate it.
Better avoid this broker then

if you trusted Spore gov,...
try seek out Spore regulated/licensed entities....

Like oanda? What about Octa Fx?

https://www.mas.gov.sg/IAL.aspx?page=1&q=Oc...0Octa%20Markets

Check yourself at MAS.

i think you know the answer.

but you still want to entertain the greedy side of yours

maybe try put 5k,,

life is short, play it!

Life is short.

Sell mother, father, cat, dog, all in!!

Showhand!!!

Stephen Chow Sai Lang!

Lol ok I will take the sarcasm and Criticism. Thanks for the advice and info. Really appreciate it all.

If for me, i would just go for the other one named "tf**" instead of oanda or octafx. For the returns that i can generate thru self trading in Oanda or Octafx cannot beat the consistently 6-7% roi every 5 weeks for my money invested with them. I don't need to do any trading, they manage for me. I can then use that free time networking with people of possible future interest or needed their helps like for example Michael Chong and the staffs at his office.

Yes life is short, opportunity does not always come so frequently. So when it does come, make full use of it.

Why just put in money that you can afford to lose?
Is it because you, Dont trust them even they had been shown to have been consistently giving out 6-7% every 5 weeks for years and even when they had been in operation since 9 years ago?

If you don't trust them by investing with just money you can afford to lose....better don't invest.
If don't trust them, better don't invest.
If trust them, then invest with whatever you hv.....
Remember for each 1k usd you did not put in,,,,you will be having 1 million less usd approximately 10 years later.
Do you want that?
Life is short, dont waste that 10 years. Make full use of it.

Caveat emptor ...have to really read between the lines of my post to really understand it. Ha ha
Believers will see it differently than non believers. Ha ha

This post has been edited by MUM: Nov 17 2022, 08:02 PM

Up

anyone encounter Herzen lately?

Although it's listed on Labuan FSA (Financial Services Authority)

AIFC Technology Ltd.

https://www.labuanfsa.gov.my/areas-of-busin...f-money-brokers

This post has been edited by OrangeGamer: Jan 9 2023, 12:21 PM

SC adds Herzen to Investor Alert List
July 27, 2022

https://www.theedgemarkets.com/article/sc-a...stor-alert-list

Sorry to say Labuan FSA is pretty useless in terms of governance as most SEA scam brokers operated with it 🤦‍♀️

Only SC and BNM are actually doing their work albeit slower to action when things go south