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3TG FX - Warning.

Frank
RedRhinoFX
Jun 18 2016 at 17:01
395 posts
https://www.business.govt.nz/fsp/app/ui/fsp/version/searchSummaryCompanyFSP/FSP244885/14.do?noReturn=true


No longer registered in New Zealand under Forex Brokerage.

Forex Peace Army reviews about withdrawal issues.

I spent several hours compiling the facts here over a year ago - https://redrhinofx.com/3tg-fx-broker/

There's more, but I need some time.

vontogr (togr)
Jun 19 2016 at 09:58
4862 posts
@RedRhinoFX
Good catch. There are couple systems here on MFB performing well under this brokerage. Guess what - you can use their systems only on that brokerage...

xgavinc
Jun 20 2016 at 09:55
235 posts
Consensus:
A leave would equate to a lot more volatility.

leave - USD/XXX down, GBP/XXX up, EUR/XXX down (but not as much movement).
remain - USD/XXX up, GBP/XXX down, EUR/XXX up (but not as much movement).

Pick your poison or stay out of these pairs.

Edit: sorry, wrong thread.

For every loss there should be at least an equal and opposite profit.
Frank
RedRhinoFX
Jun 24 2016 at 09:46
395 posts
the ponzi is over, blog post coming

Frank
RedRhinoFX
Jun 28 2016 at 05:40
395 posts
Some FX brokerages are opened solely for the purpose of selling software or managing accounts with no desire to compete with real Regulated Brokers.

https://redrhinofx.com/3tg-brokers-ponzi-scheme/

Frank
RedRhinoFX
Jun 28 2016 at 05:42
395 posts
togr posted:
@RedRhinoFX
Good catch. There are couple systems here on MFB performing well under this brokerage. Guess what - you can use their systems only on that brokerage...


If I missed some accounts or company names, please list them here.

FTDFX (eruditeX)
Jul 01 2016 at 07:01
52 posts
i think the losses were more than that.

during 2012-2014. i can't recall perfectofx was managing more than 300m or smth.

The brexit calamity was the perfect trigger for them to execute heavy losses for the retail traders, and who knows, the money has never been made into the market in the 1st place.

It was supposed to be stop out level 50%.

the dd went into 80% or more.

the 3 managed program uses same trading software.


Ozzie Matt (aeronthomas)
Jul 01 2016 at 16:18
1557 posts
thanks for the warning Frank, I see you issues warning back in 2015. Your blog really is a must to follow to keep up with all the scams. well done. I don't trust any NZ regulated brokers except FXPIG. I never considered using that brokerage, but I did consider some of those systems, I remember RHO, Perfecto, and the MEIR Signal. Who knew they were all part of the same elaborate scam. I hope the wider financial forex press can cover this scam, like forexmagnates.com or leaprate.com or both. Would be worth letting them know about it for them to do a story to warn others.

Ozzie Matt (aeronthomas)
Jul 01 2016 at 16:28
1557 posts
Scary thing is their website still states registered with NZ in small print down bottom, giving false sense of protection. https://www.3tgbrokers.com/

Ozzie Matt (aeronthomas)
Jul 01 2016 at 16:42
1557 posts
This is the full list of all the dodgy firms removed from the register in NZ last year. One must remember that many NZ brokers claim they are registered in NZ etc, but this is not the same as being licensed in NZ. Anyone can set up a company in NZ easily and register with a dispute resolution scheme then register as a forex broker firm. https://www.interest.co.nz/news/75581/financial-markets-authority-boots-23-overseas-entities-financial-services-providers

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