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    Unlicensed TF GLOBL Blocked Investor’s Withdrawal

    सारांश:The lucrative forex market has drawn a growing number of brokers to this industry, yet it's not easy to become a forex broker because the regulatory license is usually difficult and costly to obtain. Statistic shows that 90% of forex brokers started out without a proper license.

      Broker: TF GLOBL

      Regulatory status: unregulated

      Complainant: Mr. Lv

      Cause of complaint: withdrawal failure

      The lucrative forex market has drawn a growing number of brokers to this industry, yet it's not easy to become a forex broker because the regulatory license is usually difficult and costly to obtain. Statistic shows that 90% of forex brokers started out without a proper license.

      Unlicensed brokers have no protection for investors'assets, so choosing such brokers suggests high risks in investment. Recently, Mr. Lv reported unlicensed forex broker TF GLOBL to WikiFX and shared his experience of being defrauded.

      Mr. Lv's ID card

      Event recap

      In early June, Mr. Lv opened an account and deposited at TF GLOBL after seeing its advertisement online, making some profits at first with his trading strategies. He was able to deposit normally and received the money withdrawn twice. Therefore, he continued depositing and trading on the platform. On July 3rd, he again applied to withdraw and the system showed his application had been approved. But unlike the previous applications, he didn't receive the money this time, while the customer service didn't offer much helpful information when Mr. Lv contacted them. Later Mr. Lv made more inquires about the matter near the deadline of refund, but received no reply from the customer service. Till now, Mr. Lv still has balance yet unavailable to be withdrawn.

    Mr. Lv's trading and withdrawal records

    Email showed that Mr. Lv's withdrawal request was approved

    TF GLOBL's customer service no longer replied

      WikiFX: Be careful about online advertisements and risky brokers without proper licence.

      As per Mr. Lv's case, Investors should watch our for online advertisements and unlicensed brokers.

      With the rapid development of the internet, online advertisements enable more brokers to promote themselves and expand their market shares. WikiFX's monthly list of largest ad-spending brokers shows that besides many credible high-rating brokers, illegal brokers are also spending much on marketing. Although the forex market environment is improving overall, some illegal brokers are still trying to attract investors by stepping up their marketing efforts. So investors should never take the words of brokers'online advertisements completely without doing your own research about their credibility. Failed to fully inspect the broker by checking various sources, Mr. Lv was fooled by the misleading advertisement of TF GLOBL and fell into its trap.

      Unlicensed brokers are unable to provide even the basic protection for investor's assets, not to mention offering satisfactory trading experience. TF GLOBL currently has no valid regulatory status, nor does it hold license from any authorities. The unreliable broker was rated at 1.12 only on the WikiFX App, and investors should definitely avoid choosing such unlicensed brokers as they bear high risks.

    TF GLOBL's interface on the WikiFX App

      Conclusion

      The mix of credible and illegal brokers on the forex market requires investors to carefully verify the accuracy of brokers' information through multiple channels. WikiFX strives to help investors obtain reliable and comprehensive information of brokers. More information about them is available on the WikiFX App or website.

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    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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    चेतावनी

    WikiFX द्वारा उपयोग किए जाने वाले डेटा एफसीए, एएसआईसी जैसे विनियमन संस्थानों द्वारा प्रकाशित सभी आधिकारिक डेटा हैं। सभी प्रकाशित सामग्री निष्पक्षता, विषय निष्ठता और तथ्य की सच्चाई के सिद्धांतों पर आधारित हैं। यह पीआर शुल्क\विज्ञापन शुल्क\रैंकिंग शुल्क\डेटा हटाने शुल्क सहित ब्रोकर से किसी भी कमीशन को स्वीकार नहीं करता है। WikiFX डेटा को विनियमन संस्थानों द्वारा प्रकाशित उस के अनुरूप रखने की पूरी कोशिश करता है लेकिन रियल टाइम में रखने के लिए प्रतिबद्ध नहीं है।

    विदेशी मुद्रा उद्योग की जटिलता को देखते हुए, कुछ ब्रोकर को धोखाधड़ी करके विनियमन संस्थानों द्वारा कानूनी लाइसेंस जारी किए जाते हैं। अगर WikiFX द्वारा प्रकाशित डेटा तथ्य के अनुसार नहीं है, तो कृपया हमें सूचित करने के लिए शिकायतें और सुधार फांशन का उपयोग करें। हम तुरंत जांच करेंगे और परिणाम प्रकाशित करेंगे।

    विदेशी मुद्रा, कीमती धातुएं और ओवर-द-काउंटर (ओटीसी) अनुबंध लीवरेज्ड उत्पाद हैं, जिनमें उच्च जोखिम हैं और आपके निवेश नीति के नुकसान हो सकते हैं। कृपया युक्तता से निवेश करें।

    विशेष सूचना: WikiFX द्वारा प्रदान की गई जानकारी केवल संदर्भ के लिए है और किसी भी निवेश सलाह को इंगित नहीं करता है। निवेशकों को अपने द्वारा ब्रोकर का चयन करना चाहिए। ब्रोकरों के साथ शामिल जोखिम WikiFX के प्रासंगिक नहीं है। निवेशक अपने स्वयं के प्रासंगिक परिणामों और जिम्मेदारियों को वहन करेंगे।

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