ForexDana Exposure: Do Traders Witness Fund Scams & Deposit Credit Failures?

Did your deposited amount fail to reflect in the ForexDana forex trading account? Failed to receive an adequate response from the brokers customer support officials? Do you think that it is a clone firm that cheats traders? Were you fascinated by the profit shown on the trading platform, but could not withdraw funds? Have you been lured into trading by a deposit bonus that does not work in real-time? In this ForexDana review article, we have investigated some complaints against the broker.

Top Forex Trading Complaints Against ForexDana

Deposit Credit Failure Complaints

Multiple traders have complained that ForexDana accepts deposits but fails to credit them to their forex trading account. With traders not finding the deposit amount on the ForexDana login, they obviously become concerned. Here are some deposit credit-related complaints traders have made when sharing the ForexDana review.

Big Profits, But Poor ForexDana Withdrawal Process

This complaint talks about a trader who discussed an experience where he was fascinated by the big profits on the ForexDana trading platform. When accessing withdrawals, the concerned page did not open. This made the trader share this negative ForexDana review.

Alleged Fake Bonus Offers to Lure Traders

A trader commented that the broker lures traders with fake bonus offers on deposits. As per the statement, ForexDana makes traders deposit $5 to earn a $50 bonus. However, traders do not receive any bonus. Here are the traders words on this complaint.

The Trade Manipulation Complaint Against ForexDana

In another explosive ForexDana review, a trader alleged that the broker deliberately hurts traders by manipulating their trades. The trader added that the automatic setting up of stop losses by the broker at unfavorable levels led to a complete fund loss. As per the trader, the platform is not regulated, so one should avoid investing here. Sharing the screenshot where the trader expressed his frustration over the trading losses.

The Ponzi Scheme Allegation on ForexDana

A trader alleged that ForexDana runs a fraudulent network designed to cause financial losses for traders. The way the broker operates gives a feeling of a Ponzi Scheme, the trader warned. The trader admitted to having lost $1000 on the platform due to this alleged scheme. Check out his ForexDana review below.

ForexDana Review by WikiFX: Check the Broker‘s Regulation & Score Status

The scam allegations against ForexDana did no good to the broker’s reputation. Checking the root cause of these allegations was imperative, so the WikiFX team conducted a thorough investigation into the brokers regulatory status. Upon investigation, the UK-based broker was found to be unlicensed. As a result, the WikFX team gave it a score of just 1.58 out of 10.

Want to make the right forex investment call? Learn smart trading strategies from industry experts on these special chat groups - OIFSYYXKC3, 403M82PDMX or W2LRJZXB7G - and implement them in real-time. Join these groups by following the instructions shown below.