简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Recently one investor from Jordan, Mr. Ahmad told WikiFX that a broker called Point Trading Markets (PTM) refused his withdrawal requirements. Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. In this article, we will expose how PTM scammed the trader’s money based on the evidence gathered by WikiFX.
About WikiFX
WikiFX is an authoritative global inquiry platform providing basic information and regulatory license inquiries. WikiFX can evaluate the safety and reliability of more than 45,000 global forex brokers.
About Point Trading Markets (PTM)
PTM is an online forex broker registered in Ukraine. It has only experience of less than one year. WikiFX has given this broker a low rating of 1.03/10 as it is not regulated by any regulatory institution.
Mr. Ahmad, who is from Jordan, is the victim of this case, he told WikiFX about the situation he met while investing in PTM. Mr. Ahmad wanted to get assistance from WikiFX. He contacted WikiFX and reported the fraud of PTM to WikiFX.
Description of the case in brief
Mr. Ahmad claimed that last December, he requested a withdrawal to PTM. At first, PTM promised to pending approval but the victim did not receive the fund. Customer service is not responding from day one except thru emails only. Then the account is deleted from PTM without Mr. Ahmads permission.
Evidence gathered by WikiFX
Mr. Ahmad told WikiFX that there are 3 withdrawal requests that have been declined ($1389+1500+1600) and the broker didn't return back the amounts in the account. He made a $9000+ profit on top of my deposits of $4700, However, he received no response from the support team of PTM.
The Relationship Between PTM and Raynargroup
Mr. Ahmad told WikiFX that if you click on the “Web trader” now, it takes you to another platform called Raynargroup.com.
The victim believed that PTM is doing business now under a new name “Raynargroup LLC” which has the same address on the website raynargroup.com
Conclusion
WikiFX has given this broker a low score of 1.03/10. And we find out that this broker is not regulated by any regulatory institution. Many scam brokers like to make excuses and ask clients to deposit more money but reject clients withdrawal requests. The reason why WikiFX exposed this case to the public is to remind all traders of the potential risks. After all, what happened to Mr. Ahmad could happen to any of us. All traders should be vigilant when investing in a broker.
WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
When entering the world of online trading, finding a legitimate broker is essential. However, fraudulent entities like Top First Group often target unsuspecting investors. It is suspected that this company operates under false pretences, drawing in traders with attractive promises but raising significant concerns.
The Securities Commission Malaysia (SC) has issued an updated Investor Alert List for September, highlighting unauthorized websites, investment products, companies, and individuals involved in unregulated financial activities.
TD Securities was fined $15M for manipulating the U.S. Treasury market through an illegal spoofing strategy. SEC and DOJ impose penalties for broker-dealer failures.
The foreign exchange (forex) market is a highly dynamic arena, where global events significantly shape market trends and prices. In this fast-paced environment, both traders and brokers must stay attuned to major economic indicators and geopolitical shifts. Key factors like interest rate decisions, employment reports, and political developments not only affect currency prices but also impact broker offerings, spreads, and volatility. Understanding how brokers respond to global events is crucial for traders aiming to navigate the market more effectively.