Regulation And Security Problems
I don't know if I can trust them
I found it challenging to place my trust in Exness because I encountered a perplexing situation when attempting to deposit money to initiate my first trade with them using the UPI payment mode. I was given two distinct UPI IDs to make the payment, and to my astonishment, they belonged to an unrelated interior designing company.
IC Markets has one of the quickest and the best...
IC Markets has one of the quickest and the best deposits, I'll give them that.
BUT
Their withdrawal is a whole different story. They give you many excuses why they decline your withdrawal and say they follow rules by regulators. For some reason, the same rules do not apply to deposits. Hmm, what a weird coincidence! Can someone please tell me which regulators allow brokers to hold their client's money like this?
It's generally a good broker, I just have some problems...
It's generally a good broker, I just have some problems with them. For starters, they are not the best broker to trade with during a news release. Because, when there is big news they will change the margin requirements 30-40 minutes before the news hit in. For news traders this sucks. I don't know if the other broker did it or not. Second of all, you can't change your phone number. So, if you lost your phone and you can't access your old number back, I don't think you can access your old account. There should be a safety measure in case this thing happens. The spread is good and pretty much low, but it is still considerably bigger than some brokers I've tried before.
TriumphFX is a scam a long time ago. Google it you will see so much proof from other investors and WIKIFX
Local Broker That Similar With FBS
I have a cent account at FBS, with the following conditions:
Leverage 1:1,000
No Commission
No Swap
Fixed-Rate $1=Rp10,000
MT4
Are there any Indonesian brokers offering accounts that are close to the one I have at FBS? FBS often changes domains, so it seems dubious and is often blocked by the government.
By moving to a local broker, I wish that the security of funds and clear regulations provide comfort in trading.
Problems Category
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Deposit and Withdrawal (70)
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Customer Support (37)
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Order Execution (26)
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Trading Accounts (18)
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Spreads and Commissions (17)
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Trading Platforms (12)
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Trading Instruments (9)
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Scam (7)
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Education (7)
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Slippages and Requotes (7)
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Regulation and Security (6)
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Automatic Trading (6)
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Trading Tools (3)
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Leverage (3)
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Trading cost (3)
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Bonuses and Promotions (3)
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Other (3)
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Broker Features (2)
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service (1)
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Demo Accounts (1)
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Unreliable service
This broker's performance has been less than satisfactory. Their signals often turn out to be inaccurate, resulting in significant financial losses. At times, their services seemed suspiciously unreliable, reminiscent of the fraudulent Indian scam call center operations seen on YouTube. I've had prior experience trading with them, though I cannot disclose the exact dates for security purposes.