WillKing

Exposure

3 pieces of exposure in total

Pyramid scheme complaint

Expose

Severe Slippage

Ridiculous spread, stuck server and ultrahigh commission!

Ridiculous spread, stuck server and ultrahigh commission!

SHUAIDAO，

2020-08-17 01:49

Others

High spread

The spread is higher than average and the platform is stuck. There are only several commodities to trade.

Home°ZILING

2020-08-28 13:36

Resolved

WillKing, stop scamming

I saw the job ad on a recruitment website a few months ago, thinking that changing my job to a higher-end finance-related one to would make my life better. There would still be hope if I stay diligent and keep learning from work. At the very beginning, I thought I would be working as a professional trader after the training. And I would be satisfied if my future monthly minimum pay is CNY 8,000 as agreed. However, there is no such good thing. All this time, it was a trap . At the beginning, the teacher was really enthusiastic and meticulous about explaining the software download, installation and details of every step in the operation to us. I thought I found the place can meet my desire. Everyone else also seemed so promising. After study for a week or two, I was given an account for assessment. I could become a trader and have basic salary after passing the three-month assessment. Then, I continued to do as the teacher said. I continued to trade tirelessly for about three months. I hoped I could stay awake to stare at the screen and wait for the entry signal. I was thrilled every time when the signal comes. Nevertheless, I couldn’t figure out why I kept making more loss-making orders and little profit.In addition, I had no income in the past few months. I also dreamed of making big money after passing the assessment. Helpless, I began to doubt myself, thinking that I was not skillful enough to master the technique. However, It turned out that everyone else did not make money, let alone passed three months of assessment. The trading requirements are very strict, which seemed to be a good thing to me at the beginning. All I needed is to avoid big mistakes in the future. At the later stage, I found there were various restrictions: different lot sizes of different varieties, the different fixed stop profit and loss point, and different trading frequency every week (neither too high nor too low, no big losses, no overnight) which made you get kicked out of the game easily. Looking back on it, all the harshness and strictness aimed to make us fail the assessment. Words like the basic salary of CNY 8,000 and our future clients are all lies. Later, I was told that I can refer some of my friends to do it, so that we can earn a commission regardless of profit or loss. Only by then did I find out their real purpose is scamming us. Now that most of the applicants are newbies, trained for more than two hours a day for a week or two before going online as traders and managing an account of CNY 200,000. If I have CNY 1.4 million, I must be out of my mind to let some newbies who only studied for two weeks and then practiced for two or three months manage my account. So who were the silliest ones in this game? Clients? The platform? Us? From where I am sitting,we are the fools that believed in whatever they say. Thinking it is over some profit records posted by the teachers in the group every day, I just get envious of it. After researching for some time, I found that this platform is abnormal. I also compared the spread of other platforms with theirs, it turned out there to be 2 times of difference. Each transaction has a separate service fee. This platform only has one server. It seems that we used simulator to assess, but I am not sure because there is no indication of simulation. There was “little yellow guy” under the server, and there was no regulation. The trading software was also lagged. The company claimed that they are Willking’s general agency in China, while there were actually only two or three people there, and the rest were newly recruited ones like me. Now I believe that it is a dummy cooperation. How could I be so stupid to believe in this? I haven’t make any money in these months. I wasted my time for this due to my ignorance of this industry. I will stay away from Forex market and settle with a normal job.