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Resolved
Expose the KCM Trade platform. The misleading caused me to lose money.
Mediating Parties
KCM Trade
Issue
Scam
Requirement
compensation
Settlement Amount
$3,400(USD)
Time
39day20hour

Mediation Status
Hong Kong2023-08-31
Resolved
MEIHAO5732
Mauritius2023-08-01
Reply
KCM Trade
Please contact us by email, CS@kcmtrade.com
Reply
Hong Kong2023-07-24
Contact Broker
WikiFX Overseas Customer Service
WikiFX Overseas Customer ServiceContact Broker
Hong Kong2023-07-24
Verified
WikiFX Mediation Center
WikiFX Mediation CenterVerified
Hong Kong2023-07-22
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MEIHAO5732









This is my first time to get to the foreign exchange platform, and I don't even understand the trading rules. We always place an order with at least one lot in the internal market, and I don't know that foreign exchange can place 0.1 or 0.01 lot. At that time, I invested 20,000 yuan and consulted customer service. He actually said that I can make 5 lots of silver. I asked him that how about making 1 lot, he said sure. He didn't remind me at all. He should have said at the time that “you are just getting in touch, you’d better place a 0.01 lot and get familiar with how to place an order and how to trade”. He also misled me by saying that I could make five lots, which caused my 20,000 yuan to be liquidated within 6 hours. In the middle of the process, he also asked me to lock the position, and to increase the margin, which led to the liquidation of the position. So my first liquidation of 20,000 yuan has a lot to do with customer service. I strongly request the platform to deal with this matter and to return the 20,000 yuan.










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2. Unauthorized reprints of cases in this platform are prohibited. Offenders will be pursued their legal obligations
