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    Scam Alert! Beware of Forex Broker DeltinFX

    Abstract:Nowadays, the proliferation of brokers on the forex market makes it harder for investors to make a choice. Without knowing about the brokers thoroughly, investors can be easily swindled by illegal brokers.
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      Nowadays, the proliferation of brokers on the forex market makes it harder for investors to make a choice. Without knowing about the brokers thoroughly, investors can be easily swindled by illegal brokers.

      Recently, a big online scam happened in Chennai, in which more than 100 people were duped who invested their money via websites run by scammers posing as foreign exchange traders.

      Event Recap

      

      Mr. Ashok Kumar, the victim of this case, is an electrician in Thiruverkadu. Hes from ordinary working class, not earning much but hoping to lead a better life with his family.

      On January 21, he filed a complaint with the office of the Commissioner of Police, alleging that two unknown persons contacted him over the phone on an international call and identified themselves as Directors of Deltin International Solutions (www.deltinfx.com).

      

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      The scammers approached people claiming to be the directors of a forex firm and targeted those who were already involved in the share market. They asked them to invest in the forex market through their online trading platform DeltinFX.

      According to Mr. Ashok Kumar, they enticed him to invest in DeltinFX so that he could benefit handsomely. As of now, Ashok Kumar has transferred a total of Rs 10.54 lakh to the websites account by trusting callers claiming to be directors of the foreign exchange company. Later, Ashok Kumar realised he had been duped by the duo and reported them to the authorities.

      Police Intervened

      

      The scammers were arrested by the local police in connection with the case who have been identified as Syed Abu Thahir and Syed Ali Hussain.

      Syed Abu Thahir and Syed Ali Hussain, who confessed to developing the fake websites, were singled out by cops.

      

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      They contacted victims via voice over internet protocol (VoIP) calls and made false promises of high returns. The two were apprehended and remanded in custody. They were also arrested and police confiscated Rs 1.95 lakh and five cell phones from them.

      According to police reports, the con artists have been working out of Chennai for more than a year and a half. Taking advantage of the situation during the lockdown, they enticed many people to invest in their companies under the guise of receiving high returns. Hundreds of victims have been defrauded by the scammer platform DeltinFX across India, according to investigations.

      

      DeltinFX s Score on WikiFX

      

      Per investigation, DeltinFX is displayed as “no license” with a score of only 1.35 on WikiFX APP, which means the broker is quite risky. Be cautious while trading forex! It is suggested to download WikiFX APP first, so as to recognize illegal brokers before trading.

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      DeltinFX only only 1.35 scores on WikiFX APP

      As more scams like DeltinFX are spreading all over South Asia, it is high time that investors be vigilant and stay away from such scam brokers! Now you can expose forex scam on WikiFX APP & website to claim your justice, read how >> Keep Silence to FX Scams? NO! EXPOSE Them on WikiFX! (https://bit.ly/3dWv4N1)

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      As a Global Forex Broker Regulatory Inquiry platform, WikiFX offers detail profiles of over 27,000 forex brokers, all compiled from objective data of authoritative sources. Investors have free access to look up any forex brokers included in the APP.

      - Available for both Android and iOS systems -

    •   Android: https://bit.ly/3kyRwgw

    •   iOS: https://bit.ly/wikifxapp-ios

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