Abstract：Yabo Market Limited is an online forex broker registered in China. It was newly established. Recently this broker has caught our attention because one trader from Turkey told WikiFX that Yabo Market Limited does not allow him to withdraw. Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. In this article, we will expose this case to you in detail based on the evidence provided by the victim.
WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
About Yabo Market Limited
Yabo Market Limited is an online forex broker registered in China. It was newly established and doesn't hold a legitimate license. You need to note that this broker does not use either MT4 or MT5 trading platforms. According to WikiFX, Yabo Market Limited has been given a very low rating of 1.05/10.
Description of the case in brief
One trader from Turkey told WikiFX that he deposited $224 in Yabo Market Limited. When he tried to withdraw $150, this broker refused the withdrawal. Then the trader wanted to withdraw $100. Yabo Market Limited gave no response. Even worse, the customer service team of this broker was not helpful.
This trader contacted WikiFX and reported the fraud of Yabo Market Limited to WikiFX. He hoped to get WikiFX's help.
Based on the pictures above, you can see that this trader showed us the deposit record and he wanted to withdraw $100 but Yabo Market Limited refused it. Even worse, this broker did not give any response to this trader.
This Turkish trader has asked for withdrawal many times, and the amount required for each time is different. But Yabo Market Limited refused the victim's withdrawal request. using the excuse of “a lot of work to do”, Yabo Market Limited stopped responding to this trader.
We believe that Yabo Market Limited is getting involved in a scam. This broker eventually took the victim's money away fraudulently without giving any response to the victim. The reason why WikiFX exposed this case to the public is to remind all traders of the potential risks. After all, what happened to this Turkish trader could happen to any of us. All traders should be vigilant when investing in a broker.
WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
Wolves have secured a record sponsorship deal with leading online trading platform Trade Nation, who become the club’s official FX trading partner ahead of the 2022/23 campaign.
NinjaTrader Group, LLC, a global leader in clearing, brokerage and technology solutions for active traders through its subsidiaries NinjaTrader and Tradovate, today announced that that its firms are among the first to offer the new Nano Bitcoin futures (BIT) contract just launched by Coinbase Derivatives Exchange. Individuals can trade this cryptocurrency futures contract via NinjaTrader or Tradovate without any commissions or market data fees.
Malaysian billionaire Quek Leng Chan is exploring options for his stake in Hong Leong Bank, Reuters reported citing unnamed sources familiar with the matter.
As we know so far, forex trading is one of the most profitable businesses in the financial market. However, it doesn’t mean everyone can win big while trading forex. instead, many people suffer a heavy loss in the forex market. The biggest challenge for them lies in seeking a solid broker. Based on WikiFX’s official website, we have listed the 5 FX scam brokers in August 2022 to protect you from getting scammed.