This platform is a Ponzi Scheme. Please stay away!
Previous Detection :
This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
The United KingdomFCA regulation (license number: 206701) claimed by this broker is suspected to be clone. Please be aware of the risk!
The current data shows that This broker is using counterfeit trading software. Please be aware of the risk!