I won’t make it short. You will have the whole story.
I am just starting with forex, and I spent the last two hours in the education part of this site (very nice from you). I am starting because of a girl I met on an application (yes this app). I am from Belgium and she is in Singapore so obviously we did not met. I can give further details but it is maybe not useful. Let say that we discussed on several subjects (for two weeks) and she told me that she is in the forex and that she wins quite a lot with it (once 20k$ and once 32k$, once per week). She mainly follows the instructions of a good analyst
Stuck home with a suspission of covid, I agreed to instal MT4 and start a demo account. She helped me through and the broker was tateprime-demo. The program works correctly, i tried a bit by myself. Today she contacts me and tell me that her analyst told her to buy xxx, so we did (me on the demo, she on the real stuff), and I’d say like magic the chart increases drastically, showing me how you can do money in live (she made 17k$). Well if she gives me the advices, it looks like easy money. But I should use the same broker because the advices of the analyst apply for this broker. I am too new to know if it is true.
So she tells me I should make a real account now. I would like to know what are the risks? I mean, I know that on the internet there are scams everywhere. If a broker exists on MT4, does that mean that it cannot fly away with my deposit? Or maybe I will be able to make the deposit and use it but never get profits? Or something else.
Maybe I am parano?
So I went on google to check for tateprime and there is a website (but it is easy to make fake website right), so I looked for the bottom of the page
I checked first on Google for regulated Broker lists but I did not find Tateprime in them, I did not search for IC Markets.
wikiFX says that it may be a clone firm.
I checked ASIC and I found International Capital PtyLtd but with another ACN number (ACN 132 821 151)
I checkedCySEC and I found the correct registration number, but again for IC Markets
I have seen on this forum that IC Markets has some bad reputation, I don’t know why. I already spent quite a long time doing all of this but you maybe can help me. Can it be a total scam (like I would never see my money again)? Just a bad move because it is worst than other brokers (which is not a big deal, I would have the tips of a good analyst anyway)? or should I absolutely take another broker (or not try forex for now)?
Thank you very much.