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No valid regulatory information, please be aware of the risk!
TFBO platform,fraud platform declined to refund withdrawal,as well as its agent declined the commission, has runaway with related platform HLJY and Sunrise.We victims should ally together !
TFBO platform’s people deliberately gave me wrong direction to make me lose a lot within a month. They even silenced me in their QQ group. What’s more, all their news stopped updating ever since December 12th.
At first they added me on Wechat and invited me to a stock live room, where there were talking about that stocks are doing well these days compared to indexes. After investing indexes, the instructor deliberately gave me wrong directions and said he could compensate me after I lost. After a few months, he was missing. I lost all my money. This whole thing is a scam.
I have cooperated with the platform since the end of 2018. But it has not paid me the commissions in January. The payment was delayed to 2019. It said it would pay me in March 10, March 20, and April 10 in three batches. But the money remains unpaid so far. Now I contacted the platform but got no reply. It is running away. The related companies are the Sunrise and Hang Lee. If it remain silent, we will go to Beijing to make complaints against it.
TFBO platform website: www.xguniversal.com On October 29, 2018, I added QQ number 287593**** , and then was invited into the QQ group. The group number was (69031**** entry time was November 1, 2018, and the group was dissolved on December 5, 2018) . Later, a stock conference was organized in the group. And four people competed in stock trading. The website name: Daqian Capital, link: http://cf.vivsd.com/2000, and now it is no longer accessible. The conference had been held for on month, they said that the stock is not good, and recommended to invest in index. They invited TFOB’s account opening commission into the group. We opened accounts by sanding he information. the trading software is MT4, the trading server is SunriseGrandintl-live. The previous orders were somewhat profitable. After they gave malicious advice, we suffered a major loss. Through our own understanding of the market, some of the orders did not be made, but the accumulated losses were still around 106,000 yuan. On December 5, 2018, the new group was created (70590****) . Since the last message was released on December 12, no information was released. Now the MT4 software account can't be logged in. Fortunately I sorted all the chat records, transfer records, and transaction records before the complaint.
General Information & Regulation
TFBO (Tom Ford Barnes Original) is a forex broker registered in New Zealand, only targerting the Chinese Market. TFBO is an unregulated broker, which brings a significant risk of loss.
TFBO advertises that it has an extensive lists of trading instruments: forex pairs and CFDs on indices, precious metals and indices, shares, Commodities.
TFBO advertises that it enables traders to deposit as low as $100 to start real trading. Although the amount seems reasonable compared to many other brokers requirements, traders are still not advised to trade with this unregulated broker.
TFBO offers the leverage up to 1:500 for forex trading, which is quite generous. Since leverage can amplify returns as well as potential risks, trading with an unregulated broker using such high trading leverage is not a good option.
Spreads & Commissions
TFBO says that it offers ultra-low spread, starting from 0 pips on some major currency pairs, but it does not specify detailed spreads on particular instruments.
Trading Platform Available
Like a significant portion of the forex brokers across the world, TFBO uses the popular MetaTrader 4 (MT4) platform. More than 10 years since its launch the platform is still enjoying great popularity, thanks to its ease of use, versatility and extensive functionality. TFBO offers the MT4 platform in all its versions – as a trading terminal for PCs, a web version and the mobile application for smartphones and tablets.
TFBO offers the usual deposit options like bank transfer, credit and debit cards and the Skrill, Neteller and China UnionPay online payment systems.
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