Abstract：After noticing numerous investor complaints, V5 Forex Global began taking several steps to exonerate itself. However, more evidence on social media platforms has shown its true color.
After WikiFX received numerous investor complaints about V5 Forex Global and brought it to light, the platform seemed to notice something was amiss and exonerated itself. On July 7, the day after WikiFX went public with the V5 Forex Global Ponzi scheme, the platform released a statement defending itself. It is said that this is a statement that has not been widely publicized and only addressed to a small number of customers who have invested in V5. In the statement, V5 states that it has been “maliciously attacked by many trading platforms”. V5 claimed some scammers made use of V5 to create various fake websites. And these websites send false information to WikiFX in the name of V5. V5 also said it was sending evidence to WikiFX to address a large number of related complaints. At the end of the statement, V5 also states that all complaints brought to light by WikiFX will be addressed. It wants the victim to be patient.
Many scam brokers post a statement after their scam is exposed to reassure victims of calm and patience. The idea is to save time moving money and cleaning up the mess. WikiFX warns you not to be paralyzed by any claims made by V5, the best way to prove a brokers reliability is to compensate all victims for their losses and let investors get their money back.
On Facebook, there is a group about Filipino victims of V5 Forex Global. There is plenty of evidence in the group about V5 defrauding investors out of money and providing plenty of commission. There are also some people who defend V5 in the community. But are these people hired by V5？
The person named Ting Susan is reportedly the mentor of V5. She is also in the group and defends V5 and claimed “V5 is good”. According to the video she showed, people who invested in V5 won money and improved their quality of life. But will this wealth really be yours？
An investor named Adrew Singe suspects that the female mentor, Ting Susan, is not real at all. You can't get real information from these so-called mentors.
Adrew Singe also predicts that Pakistan and Bangladesh will be the next targets for the V5 Ponzi scheme. V5 will send false trading signals to relevant regions and freeze users' accounts. An investor in the Philippines said the V5 started banning investors in the country last month.
Besides, plenty of investors have also said the V5 is a scam. An investor named “Nelson” claimed that he invested 100 USD into this platform but V5 cost him 1000 USD commission.
In addition, some investors shared their losses due to “an error of the V5 forex system” in the group. Some said they lost $900, others said they lost $30…see below.
Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. Therefore, WikiFX has formed groups to better help victims defend their rights, which allows victims to share information with each other and to help victims gather evidence. See below.
WikiFX comment feature allows investors to leave comments/reviews for brokers. It will show traders' attitudes or feelings towards a particular broker more visibly than Exposure.
As of June 8, 2023, there are nearly 30 comments on WikiFX. Most of the reviews are pretty negative. If you have anything want to say about this broker, you are welcome to come to WikiFXs comment section and share it with us.
WikiFX will continue to monitor the situation and if V5 wants to prove that it is not a Ponzi scheme, it should give victims their funds back. This is the most basic and most important thing for investors. If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find your most trusted broker. If you have any problems with V5 Forex Global, please do not hesitate to contact WikiFX. The global customer service of WikiFX is +234-706 777 7762 on WhatsApp. Or you can call +65-31290538. We are willing and ready to help you out.
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