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Scotia -

No Regulation

Score

0123456789

/10

The WikiFX Score of this broker is reduced because of too many complaints!

Scotia

Item: Scotia
Rating: 1.47

Canada|2-5 years|

White label MT4|Regional Brokers|High potential risk|

http://en.scoforex.com/index.html

Website

Open Account Time Machine

Rating Index

MT4/5 Identification

White Label

Server Name

Scotialnternational-Demo MT4

Server Location

South Korea

Contact

+1 (02) 8006 0369

manager@scoforex.com

http://en.scoforex.com/index.html

The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Contact number

English

+1 (02) 8006 0369

Other ways of contact

Broker Information

Company Name

Scotia International Limited

Company Abbreviation

Scotia

Platform registered country and region

Canada

Company website

http://en.scoforex.com/index.html

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2

Previous Detection : 2024-07-06

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

Scotia · WikiFX Survey

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

Meta Trader 4

White LabelAverage

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Exposure

8 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

The web of Scotia is closed

Unable to withdraw. And my MT4 account is closed.

2020-12-05 18:17

Resolved

Unable to withdraw. If you withdraw funds, they’ll close your account

The phone of a guy in Scotia is always switched off. A typical fraud platform!

2020-12-18 09:23

Unable to Withdraw

Unable to withdraw. A typical Ponzi Scheme

Unable to withdraw. A typical Ponzi Scheme. Suspend the account once the customer demand withdrawal.

2022-05-22 18:47

Unable to Withdraw

Fraud platform that cannot withdraw

Fraud platform that cannot withdraw. Withdrawal request is either rejected or cannot be contacted. Everyone must pay attention. Stay away from Ponzi Scheme.

2022-05-23 10:12

Unable to Withdraw

Fraud platform. Ponzi Scheme. Withdrawal is restricted. Cannot open the background

Fraud platform. Ponzi Scheme. Withdrawal is restricted

2022-05-23 18:59

Unable to Withdraw

Ponzi Scheme. Unable to withdraw. Already lost the contact

Ponzi Scheme. Unable to withdraw. Already lost the contact. Please stay away from small platform.

2022-05-29 13:01

Others

Fraud platform. Romance scam. Arbitrarily suspend customer's account and restricted withdrawal

Fraud platform. Romance scam. Arbitrarily suspend customer's account and cannot withdraw. White labelled platform. The server is suspended.

2022-05-25 20:47

Unable to Withdraw

Fraud platform. Ponzi Scheme. Already absconded. The backstage cannot be opened.

Fraud platform. Ponzi Scheme. Already absconded. The backstage cannot be opened. The URL shows that it is in the country. It is obviously an illgal collecton of fund. Everyones must stay away.

2022-05-25 11:17

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FX1573922016

more than one year

Scotia Brokerage is a disappointment. Unable to withdraw funds, it screams red flags of a classic scam. The moment I requested a withdrawal, they promptly locked my account.