“If you want to withdraw, you need to pay more”. WikiFX warns you about a broker called PregTrade.

About WikiFX

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.

The complaint from the victim

Miss Relebogile, who is from South Africa, is the victim of this case, she told WikiFX about the situation she met while investing in PregTrade. This is real-name reporting. And above is the victims' ID. The victim contacted WikiFX and hoped to get help.

The victim told WikiFX that she has invested the money in PregTrade. After that, when she want to withdraw, this broker rejected her request and told Miss Relebogile that if she wants her withdrawal, she must pay some amount (R 200,000).

Below is the victim's evidence with deposit and withdrawal rejected proof.

The victim told PregTrade that she doesn‘t have R200,000. Therefore, PregTrade asks her to pay R50,000 instead. The victim refused to do so because she doesn’t have R50,000 either.

Miss Relebogile tried to withdraw her money again but end up with failure. By sending an email, PregTrade told her that the withdrawal is successful( see above) . However, she did not receive the money in her bank account. Eventually, this trader lost all of her funds and she believe that PregTrade is a scam.

Conclusion

We believe that PregTrade is getting involved in a scam. Withdrawal rejection, and even putting forward unacceptable demands are common tricks used by scam brokers. 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 South African 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 her 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!