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3 Ways Scams Come Into The Forex Market, And How To Protect Yourself

Hello!

My name is Mark So! Ako ay isang veteranong Forex trader na nagsimula noong 1998. Mula noon maraming mga Scams na ang dinaanan ng pilipinas. Nakakalungkot!

What I want to do is to help you by teaching you how to protect yourself sa mga scams na ito.

Basahin lang ito ng buo at magtanong. Please leave a comment below, or better yet, talk to me live on June 15, 2019, Saturday during my Forex Orientation. (Click here for more information June 15 Forex Orientation)

Ang purpose ko ay para turuan kayo, at para matutuo kung ano talaga ang Forex lalo na sa topic ng scams! 

Ang pinaka unang paraan para makapasok ang scams ay

1. Mga Trainers Na Masasama ang intensyon!

May mga mabubuting trainers at may mga trainer din na talagang Scam artists! Ito ang kailangan niyong gawin. Google review them. Hanapin ang mga reviews nila. Ang tunay na trainer ay sumasagot sa mga bad reviews. May integridad at tapat kung sumagot. Ang scammer, pilit na pinapabura ang mga lait sa kanya. Pangalawa, makinig sa sariling “Kutob” Kung sa tingin mo, medyo scam ang pinapakingan mo, eh, malamang, scam nga yan. Huwag mo nang ituloy, talikod sabay takbo paalis!

2. Mga Money Managers Na Walang Regulation!

Kung may lumapit sa yo at mag offer na siya na lang mag trade / invest / manage ng pera mo sa Forex, tapos hindi sila regulated na Mutual fund, Pension fund, o kaya UITF, huwag kang pumasok diyan! Mas maiging ikaw na lang mag invest, o kaya, kung wala kang time, huwag ka na munang pumasok! Mag aral ka muna. Kung hindi mo kayang mag attend sa June 15 Orientation ko, pwedeng mag aral sa celphone, online, punta ka dito: (Click Here to Learn More About Forex Online)

3. Mga FX Broker Na Walang Regulation!

Walang Approved and Authorized broker sa Pilipinas as of 2019. Pinag aaralan pa ng SEC at ng BSP ang mga guidelines pero wala pang schedule at kung kailan ireregulate ito. Because of this, kailangan mag trade using an Offshore broker. Ako, ang mga brokers na ginagamit ko ay regulated by the FCA (Financial Conduct Authority) sa UK or ASIC (Australian Securities Investment Commission). Tingnan mo rin kung paano mag advertise, kung palaging sinasabi na madali ang Forex, mag-ingat kasi hindi totoo yan! Madaling malugi! Mahirap kumita! Last, kung nag open ka na nang account sa isang broker, subukan mong mag withdraw ng pera. Kung madali ang proseso eh di good. Kung maraming excuse, mag file ka nang complaint sa mismong regulator. 

NO ONE GETS LEFT BEHIND! Aral muna bago mag trade. Ingat!

“Looking out for you with information that matters!”-Mark So

36 thoughts on “3 Ways Scams Come Into The Forex Market, And How To Protect Yourself”

    • Sorry. Haven’t heard of them. Please google search for reviews of them, research where they are regulated etc. Then make your best judgement. Just always err on the side of caution

    • Hi Sab, Una, pakibasa ulit yung post. #2. Unless you are a Mutual fund or a regulated pooled fund, Money Managers that are not regulated cannot manage anyone else’s money. Pangalawa, Ang ginagawa ko na lang ay pinapakopya ko ang mga trade ko sa gustong mag trade. Note, Copying of my trades does not mean I am managing your money. Ikaw pa rin ang kailangan mag trade, pero, may guide ka pag kumopya ka. Hope this clarifies. thanks!

      • Magandang araw po. Novice po ako sa forex at nais ko pong matuto ng trade na ito. Ano po ibig niyong sabihin “pinapakopya ko ang mga trade ko sa gustong mag trade”? Ibig nyong sabihin po ba ay maari ko i-adopt yung trading strategy(ies) na ginagamit nyo po for a certain pair of currency po? Salamat.

      • Hello sir, meron ba kayong site where I can see what you are trading for me to copy? Real-time ho ba? Kasi yung iba na nakikita ko, puro after the fact na yung mga analysis nila ng trades nila. Nakakapagduda wala man lang talo. Never seen one doing real-time analysis.

  1. Sir Mark So,,thanks to all input you have shared,,,parang na denggoy na po ako hahahaha I follow your steps,,sa ngayun mag review muna ako,,,sa mga e binigay mo na guidelines Sir, sa aking account nakikita ko na ang profit ko pero manghingi muna sya ng 10% sa total amount ng profit ko,, para ma credit raw ang aking account,,,hindi ako nagbigay Sir bahala na yung una kong na invest…ganon ba Sir? bago ma release yung profit magbigay muna ng 10% of the toatal amount Sir? na pwede naman e deduct doon sa kanilang company..Thanks Sir once again..

    • Yes. Withdrawal fees are normal and can range from $25 to $50 per transaction. This is for “Admin” costs and wire transfer or money transfer costs that are charged by the banks

  2. Sir Mark naattract ako sa btc sa FB actually dahil binanggit ang name ni John gokongwei. Kaya lang napag alaman ko na may scam din pala, at lalo nanghina ako noong mabasa ko sa Google na ilegal daw ang Forex trading sa Pilipinas. Pero gusto ko sana. Can you help me?

    • Scammers will name drop and make things appear “great” and “Easy” and “The Way To Get Rich”. That is the first sign that it is not really legit. But I am glad that you did your due dilligence and research. Glad you avoided it. To get started, please browse the articles we have here on the site. Remember due dilligence also means you educate yourself. Good luck!

  3. Hello Mark,

    Glad to discover this site. I’ve been trading forex for a year now and my offshore broker is FxPro. I have not tried their withdrawals since I’m still not a consistent and profitable trader although I’m gradually making improvements. Can I have your opinion regarding FxPro as a broker? Thank you very much and more power….

    • I haven’t heard anything bad about them. but then again I do not trade with them. I suggest you try withdrawing even if you have non profits so that you see the process and how long it takes.

  4. Hi Mark,
    I am glad that I found your page and giving proper guidelines and ideas about FOREX.
    I am also interested to enter this trading and looking forward to hear your thoughts and go signal when to start.

    Thank you.

  5. Hello po sir Mark , interested po ako sa forex , new or beginner pa lang.paano kopo ma copy ang trading nyo kc usually po ay always wrong position ako kaya hindi profitable. Hoping po ako na matulungan nyo ako.

  6. Hello sir! I’m a beginner in forex trading, I mean about to begin. I’ve already registered in the Top Wealth Trading Limited just recently, they are registered in FINTRAC- Money Services Business (MSB) Registry in Canada. What can you advice to me sir to know further if they are legit and good? Thank you.

    • First, please check with FINTRAC if they have no outstanding problems. Go to the website of FINTRAC themselves then do your due dilligence from there. If you read and feel they are legit then the next step is to just put in the minimum amount so in case something happens, thats the only amount you risk. 3rd. Learn and get educated before you invest. Good luck. Stay safe and healthy

  7. Hi SIr Mark! Nag invest po ako sa isang Foriegn trader umpisa lang po nung July. May Account Manager pong nag-gaguide sa akin sa lahat ng BUY/SELL positions ko. All went well until isang umaga pagbukas ko biglang naging zero yong account ko at may negative profit pa. Ang sabi ng account manager, kasalanan ko daw po at pinabayaan ko overnight yong open trades ko.. Ngayon, pinapa invest ako ulit para daw mabawi namin yong nawala kong puhunan.. Posible po bang mabawi ko pa yon? Nangyayari po ba talaga etong ganitong sitwasyon? Tingin nyo po, is it wise to re-invest again? Maraming salamat po sa attention at sagot nyo dito..

    • No don’t invest again, you have to educate yourself first. Also, may tiwala ka pa ba sa isang taong sasabihin sa yo na kasalanan mo iyan? Fool me once, shame on you, fool me twice, shame on me.

  8. Hi sir. Ive been trading quite a while. I just want to ask for your opinion. Have you heard about XM broker. And do you have any comments regarding them? Thank you

    • Yes, heard of them. Can’t say much as I’ve never traded with them. Sorry. Just do your best to do your due diligence. Thanks

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