Abstract：Although forex trading is one of the market’s most profitable businesses, many people suffered heavy financial losses every year. The biggest problem that many traders met lies in withdrawal refusal. In today’s article, we will expose how FRTC. NET LIMITED denies the victim’s withdrawal request and even puts forward unacceptable demands.
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About FRTC. NET LIMITED
Founded in 2018, FRTC.NET LIMITED is an online forex broker, headquartered in London, UK, and has offices in Asia Pacific, Europe, South America, the Middle East, and North Africa. FRTC.NET LIMITED provides customers with a fast and convenient trading market. However, Is FRTC.NET LIMITED the broker you thought it to be？ As we know so far, WikiFX has given FRTC.NET LIMITED a very low rating of 1.06/10.
Description of the case in brief
According to the above, one trader from Taiwan whose net name is called Mr. CONSCIOUSNESS told WikiFX that. In mid-May 2022, the trader was recommended to invest in gold and futures by this broker. In mid-July, Mr. CONSCIOUSNESS tried to withdraw, but FRTC.NET LIMITED refused the request. Even worse, FRTC.NET LIMITED asked for a so-called “risk fee” if Mr. CONSCIOUSNESS insist on withdrawal.
As shown above, this broker asks the victim to pay 113470.9 USDT risk funds at 24:00 on July 25, 2022, UK time before he can withdraw funds from the current account.
Below are the pictures of Mr. CONSCIOUSNESSs remittance record.
According to FRTC.NET LIMITED, the reason why Mr. CONSCIOUSNESSs withdrawal request was rejected is that his account is suspected of illegal operation profit in the platform, involved in price manipulation.
We believe that FRTC.NET LIMITED is getting involved in a scam. The similarity for many scammers is that they use excuses to reject clients withdrawals. And eventually, they took the victim's money away fraudulently. If the victim insists on withdrawal, some of these scammers even ask for extra fees. We need to be aware of these risks. After all, what happened to Mr. CONSCIOUSNESS could happen to any of us.
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!
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