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

SICH

Australia|2-5 years|
Regulated in Australia|Suspicious Regulatory License|Suspicious Scope of Business|Australia Appointed Representative(AR) Unsubscribed|High potential risk|

https://sichcapitalae.com/

Website

Rating Index

Contact

https://sichcapitalae.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

SICH CAPITAL LTD.

Company Abbreviation

SICH

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2024-03-29
  • 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 56 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to withdraw

Opsontechfx are the biggest scammers out there.

Withdrawal denied for no reason after investing over $100k, Its normal to win and lose when investing. But its heart breaking when you know you have been cheated. I was caught up in a scam with this company last month that cost me my life savings. This guys came up with a fake story of being hacked when it was actually an insider affair. So i filed a chargeback with assetsclaimback |com, and they had my funds delivered to my wallet. i was introduce to Opsontechfx from a dating website Hinge please be careful they always start from romance love affair

2022-05-10 20:40
Unable to withdraw

They keep requesting for more money, it never ends

I explained I did not want to deposit any more but the pressure put on me was exhausting. The portfolio and the individual trades were activated by the broker in such a way that the whole account was not savable, I was only given an opportunity to save the account by depositing more money which I did but no return still. In the mean time the trades had some opportunity to elevate the situation, but I was not given any more help to retrieve the account except for depositing more money. I sought out fintrack/org and right before they gave me withdrawal access, they explained how this has been the tactics used by SICH Capital to defraud victims of their investments. I would have lost my entire savings with no return because SICH 's system of trading only benefits them, if any thing negative happens to the market you are left to pick up the pieces.

2022-04-17 11:50
Unable to withdraw

I will keep exposing SICH till they shut down

SICH is still out there doing what they know how to do best. This has to be the worst company ever. They are thieves , They will take all your money and stop responding to mails and calls. My account manager is a terrible person, and only if he is a real person. This company refused to give me my total sum of 100,000USD and stopped responding to my calls. immediately after my deposit i was locked out of my account had to use the services of AssetsClaimBack recovery serv to get my investment returned. I will keep posting about SICH for people to know bitter they are.

2022-05-24 22:51
Unable to withdraw

Sich does not withdraw by various reasons

When applying for a withdrawal for the first time, the platform requires the payment of 20% of the annual tax, 20% of the third-party intervention margin, and a 15% penalty for violations of the operation, otherwise it will be transferred to the supervisory authority. It is needed to pay before the deadline to avoid account frozen.. It is required that the transaction cannot be traded within 6 months and the full amount must be withdrawn. After the application for withdrawal is rejected due to insufficient credit points, you need to deposit $12954.7 to make up the credit points. If the credit points are not made up on time, the account will be automatically frozen. After the withdrawal was approved, but the card was stuck on the bank side: the first time a 15% handling fee was charged, and the customer service feedback that the handling fee was received within 48 hours after the withdrawal was made to the account, but the second time it stated that there was no recent transaction in my account. For records (which have been restricted by the platform and cannot be traded), a USD50000 withdrawal deposit must be paid. SICH requires deposits for various reasons, otherwise the account will be frozen, and it also uses various reasons to limit withdrawals when withdrawing.

2022-02-27 00:27
Scam

Almost lost it all

If you invest in SICH Investments, your money will be held captive with no one telling you what to anticipate! Worst customer service I've ever experienced. They were asking for further deposits to help build my portfolio, but I didn't have any more money to put in, so I requested a little withdrawal from my winnings. All of my documents were in order, but nothing happened with the withdrawal; it was only after i reach out to assetsclaimback recovery serv i retrieve my money back from SICH, i would have lost over $100,000 permanently if i didn’t seek help. SICH capital are just a bunch of thieves, steer away from them and find another broker, unless you really want to lose your money

2022-04-17 03:02
Unable to withdraw

A SCAM PERPETRATED UNDER A LOVE/ROMANCE DISGUISE

SICH scam is a well perpetrated one and it has ravaged a lot of its victims both mentally, emotionally and financially. I was on a dating app looking for a significant other when i found this pretty lady that was very organized with her approach and conversations with me. little did i know that she is amongst a well organized investment scam. we chatted for weeks and she introduced me to this platform and how SICH had made her a boss of her own. i was interested in all the interesting ideas about trading and she made me invest a larger part of my savings. i invested and made profits but problem kept on arising with withdrawals and i kept funding my account to the amount of over $150,000. she stopped replying my messages and went into thin air which made me research about the platform and found them to be a scam organization. Reading through peoples complaints, i stumbled on a firm that could recoup my losses as confirmed by one of the victims, fintrack/org got on my case, tracked my payments and got back my capital with the profits. It was as well revealed to me how SICH have been redirecting investors funds and trading it discretely to earn profits to themselves. I would have lost all if i didn't take quick actions but the emotional damage is what i will deal with for a very long time. This type of organization is doing harm to the innocents and should be scrapp

2022-04-17 02:08

    SICH · Company Summary

    Note: For some unknown reason, we cannot open SICHs official sites (https://sichcapitalae.com/, https://sichcapitalax.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

    General Information & Regulation

    General Information & Regulation

    SICH, a trading name of SICH CAPITAL LTD., is allegedly a forex broker registered in Australia that claims to provide its clients with forex trading without trading software.

    As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

    As for regulation, it has been verified that SICH does not fall under any valid regulations and it has received a lot of complaints from traders. That is why its regulatory status on WikiFX is listed as “Complaints” and it receives a relatively low score of 1.19/10. Please be aware of the risk.

    General Information & Regulation

    Negative Reviews

    Some traders shared their terrible trading experience on the SICH platform at WikiFX. They said they were unable to withdraw from this platform. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

    General Information & Regulation

    Field Survey

    The survey personnel went to Australia to visit the foreign exchange dealer SICH as planned but did not find the dealer's office at its disclosed regulatory address. The dealer may have just registered a company at this address without a real business venue. Please choose this dealer carefully.

    Field Survey

    Market Instruments

    SICH is a forex broker that mainly offers forex trading. However, more specific information about the tradable assets cannot be found on the Internet.

    Trading Platform Available

    It seems that SICH provides access to no trading software– all we could access was the dashboard seen below. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

    Trading Platform Available

    Customer Support

    SICHs customer support can be reached by telephone: +85292184956. Company address: 156 739 Sydney Rd Brunswick VIC 3065.

    Risk Warning

    Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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