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Abstract:In today's forex market, investors face various challenges and risks. According to a WikiFX survey, fund security has become the primary consideration factor for forex investors in choosing brokers, accounting for over 90%.
In today's forex market, investors face various challenges and risks. According to a WikiFX survey, fund security has become the primary consideration factor for forex investors in choosing brokers, accounting for over 90%.
As the world's leading third-party forex industry information service platform, WikiFX is committed to becoming the technological service leader in the global forex investment security field, making forex investment simpler and safer with advanced technology.
On March 7, 2024, WikiFX officially launched the “4.1 Forex Rights Protection Day” activity with a core focus on investor rights protection in the forex trading industry. Since its launch, this activity has received active participation and praise from investors globally. As of 4:45 pm on March 21, 2024, over 100,000 people from more than 60 countries worldwide have participated in this activity, with over 1000+ pieces of complete rights protection evidence collected. WikiFX has helped users recover funds totaling up to $408,938.
Be cautious in online socializing, deep traps of false platforms, lead to devastating losses!
Ms. Lu fell victim to serious fraud while trading on a clone platform impersonating HFM. Initially, her trading activities seemed normal, and she even successfully withdrew small amounts of funds. However, when she attempted to withdraw larger amounts, the platform demanded additional fees under various pretexts, including but not limited to personal income tax and account unblocking fees. Due to Ms. Lu's unfamiliarity with the operation mechanism of forex trading, she complied with the platform's demands and paid these fees. Shockingly, after paying these fees, her entire investment disappeared without a trace.
After thorough background checks, WikiFX discovered that the official website of HFM provided by Ms. Lu was inconsistent with the one provided by HFM on WikiFX, indicating that the platform she used was a fake HFM platform. The fake platform provided by Ms. Lu is currently inaccessible, confirming its fraudulent nature and posing significant risks. We advise you to stay away!
Investor Scammed $50,000 by Goccfx Broker Turns into Nightmare
An investor successfully registered an account on the Goccfx platform and deposited $50,000. During the trading process, the user made significant profits, accumulating close to $150,000 in profits. However, when the user attempted to withdraw approximately $135,000, they received a withdrawal rejection notice from Binance. The reason given was that the transaction could not be found on the blockchain, confirming that the provided transaction ID was forged.
The investor then lodged a formal complaint with Goccfx's customer service department. The customer service representative responded that processing the withdrawal would require an additional fee of $5,000. In desperation, the investor paid $422 to the customer service, but thereafter, the customer service ceased to respond to any inquiries. What's more concerning is that the user can no longer access their Goccfx account, and conclusive evidence indicates they have been defrauded.
Scam! AI Mind Map disguised as a Chinese female celebrity to defraud money
WikiFX recently received a formal report from a Japanese investor regarding fraudulent activities by the forex broker ADX. According to the reporter, ADX employed a series of fraudulent tactics, resulting not only in significant financial losses for investors but also in improper threats against them.
After an in-depth investigation, it was found that ADX first utilized AI mind map technology, associating with a well-known Chinese female star to increase investors' trust. Subsequently, the ADX platform unilaterally blocked investors' accounts under the pretext of using trading robots and refused to return their rightful profits. Shockingly, these investors had never used any trading robots.
Further investigation by WikiFX revealed that although ADX claimed to be registered in the UAE, it did not obtain a legal operating license in Turkey. This further increases its opacity and riskiness of operation.
Yescom Financial Limited is suspected of improper trading behavior, beware of pitfalls
A user opened a trading account with Yescom Financial Limited and conducted a series of operations based on guidance from platform employees. Unfortunately, following these employees' advice resulted in a loss of up to $19,000 for the user. Despite filing a complaint, the platform took no substantive measures to resolve the issue, leaving it unresolved.
What's worse, even when users made trades based on their own judgment and successfully profited, they encountered malicious price manipulation during the withdrawal process. This intervention not only led to further losses for the users but also ultimately resulted in account suspension. These events fully expose Yescom Financial Limited as a scam platform, which not only interferes with users' normal trading but also causes them significant economic losses and account suspensions through deceptive means.
After exposing the illegal trading behavior of Truist Financial, the user faced threats and insults
After a Japanese investor exposed Truist Financial's illegal trading behavior on the WikiFX platform, he unfortunately faced threats and insults. Such malicious retaliation against whistleblowers is not only a violation of individual rights but also a severe disruption to the healthy ecology of the entire industry.
According to the victim's account, the company meticulously planned a series of investment seminars, using these events to induce investors to join specific social platforms. Subsequently, they guided investors through these platforms to open accounts and invest with designated brokers. However, when investors attempted to withdraw their funds, they encountered numerous obstacles, with some even receiving life-threatening threats.
In forex investment, many users suffer from fraud by scam brokers, resulting in losses. The “Rights Protection and Exposure” themed Forex Rights Protection Day event initiated by WikiFX aims to encourage global forex users to actively submit evidence of being defrauded. WikiFX will help investors recover lost funds and expose scam brokers worldwide. This event is completely free of charge!! No fees will be charged. At the same time, investors with concrete evidence are invited to actively participate in this event. As long as complete evidence is provided to WikiFX, there will be opportunities for rewards. For more details about the event, please follow the official SNS platforms and website of WikiFX.
Although we have achieved many remarkable results, this is just the beginning of our continuous progress. We eagerly look forward to more investors joining us in the action of the April 1st Forex Rights Protection Day, submitting exposure through the WikiFX App or website, jointly exposing illegal platforms, defending their rights, and recovering lost funds.
WikiFX will always adhere to its original intention and continue to play a leading role in promoting the healthy development of the forex industry.
Choose brokers with WikiFX for safer forex investment.
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.
The UK Financial Conduct Authority (FCA) has issued a public warning regarding a fraudulent entity impersonating Admiral Markets, a legitimate and authorised trading firm. The clone firm, operating under the name Admiral EU Brokers and the domain Admiraleubrokerz.com, has been falsely presenting itself as an FCA-authorised business.
A 57-year-old Malaysian man recently fell victim to a fraudulent foreign currency investment scheme, losing RM113,000 in the process. The case was reported to the Commercial Crime Investigation Division in Batu Pahat, which is now investigating the incident.
Protect your investments! Learn about unregulated firms flagged by the FCA and discover how WikiFX helps traders avoid scams and choose legitimate brokers.
Proprietary trading firm The Funded Trader has detailed its financial recovery efforts following a turbulent period marked by an unsustainable payout model. Addressing these challenges publicly, the firm outlined the steps being taken to resolve outstanding obligations and ensure operational sustainability.