PTFX is a Ponzi Scheme

PTFX is a Ponzi Scheme, which scammed me $5,000. The withdrawal is unavailable.

The platform keeps shirking

The platform made me unable to close position and suffer losses.But it keeps shirking and is in bad manner. IC Markets caused losses for without explanation.Making exposure on it, I hope you don’t be cheated. Larger amount of fund means more risk.

Unable to withdraw in scam platform

Scam platform. The gang of Kong Xiangjun and Zhang Hanlin are fraudsters.

EUR/USD Forecast - Setting Up a Range Break Ahead of US ISM Data Release

EUR/USD is testing resistance at just under 1.1100 and may break higher if the US dollar continues to weaken. Later today, US ISM services data could provide that catalyst.

Illegal Broker Threatened to Sue Defrauded Investor

Although illegal brokers tend to use similar tricks, many investors still fall victim to these traps. In a recent complaint against broker scam that WikiFX received, the illegal broker Shi Jin Investment tricked investor in a way that appears surprisingly similar to that of ZHENXI Investment, a formerly exposed broker.

WikiFX Visited Forex Broker LongAsia in Singapore

Regulatory information suggests LongAsia’s office is at 1 Kim Seng Promenade 15-02 Great World City East Tower, and WikiFX recently visited the broker at the site.

Investor Suffered Heavy Losses from Soros FX’s Scam

Daniel Sihombing has been a victim of Soros FX. This is an illegal broker who defrauded investors in the name of another regulated broker PT. Java Global Futures, registered with BAPPEBTI and the Indonesian Ministry of Trade and located at APL Tower Central Park Lt. 25 Podomoro City, Grogol, West Jakarta.

Don’t Be the Next Victim of TurboForex!

In speaking of investment, broker scams in forex trading seem to be a recurring theme. As with many industries, the fast growing forex industry also has plenty of predators, who look to take advantage of newcomers. The following story is shared by SaFWat, an investor who sought WikiFX’s help after being defrauded by TurboForex. He reported the illegal broker to warn other investors against it.

The Euro May Expect a Strong Rally in 2020

Morgan Stanley believes that the euro will see a strong rally in 2020 under multiple factors. Compared with the United States, which may slow down further in 2020, the Eurozone may do significantly better than the relatively low market expectation by showing a strong economic rebound.

PTFX Topped the Most-Complained Brokers List Again in November

Near the end of 2019, investors all wish to see their trading go smoothly and wrap up the year in a satisfactory way, yet the illegal brokers are always trying to mess up with investors’ plans. By reviewing the recent investor complaints against illegal brokers, WikiFX made a list of the most-complained brokers in November. PTFX which topped the list has drawn much attention, while other heavily-condemned brokers on the list are equally worth-noting.

Bridgewater Bets US$1.5 Billion on Bearish Stock Market

The world’s largest hedge fund Bridgewater spent US$1.5 billion, or 1% of the assets under the company’s management, on put options that bet on a bearish global stock market in the next 3 months.

WikiFX Visited Forex Broker Kresna Futures in Indonesia

Regulatory information suggests the office of Kresna Futures in Indonesia is at Kingland Tower, 2nd Floor 18 Parc SCBD Jl. Jend. Sudirman Kav. 52-53 Jakarta Pusat, and WikiFX recently visited the broker at the site.

Kainos Defrauded Investor with "Trading Signal" Scam

The cunning illegal broker swindled investors by claiming that they can achieve “financial freedom” under the instructions of signal providers; while investors appeared to be profiting, they actually suffered losses in trading. Recently, Mr. Chen shared his experience of being defrauded by the illegal forex broker Kainos.

WikiEXPO wrapped up as a roaring success in Bangkok, Thailand

On November 24th, 2019, WikiEXPO successfully wrapped up at Marriott Marquis Queen’s Park Hotel in Bangkok, Thailand. With over 5,000 attendees, over 30 forex brokers and 30 well-known keynote speakers of the forex industry, the event has been a roaring success. With its constantly growing influence, WikiEXPO aspires to join hands with investors and forex professionals to create a safer forex investment environment.

The "Perfect" ATRI Turned Out to be an Illegal Broker

Brokers on the forex market always strive to present their clients a perfect image, but sometimes such a flawless image may turn out to be a lie. Recently, Mr. Liu told WikiFX about how ATRI, a deceptive illegal broker, had rejected his withdrawal and suspended his trading account for no reason.

What Do the Financial Statements Say About Forex Brokers

Near the end of the year, many renowned brokers on the forex market are starting to release their financial statements. According to the latest 6-month data recently released by the Bank for International Settlements, the nominal value of forex derivatives totaled US$99 trillion by the end of June, 2019. Overall, nominal value of OTC derivatives reached US$ 640 trillion, up 17.6% from the US$ 544 trillion at the end of 2018. But amid the generally growing trend of the forex market, not every broker’s financial statement reveals good news.

Forex Market Saw the Lowest Volatility in 23 Years

Although major events in 2019 such as international trade tensions and Brexit have hit the global forex market, causing fluctuation in some currency pairs, the general volatility of G10 currencies year to date has been significantly lower than previous years. Unless December sees some serious“black swan events”, the forex market may experience its lowest volatility since 1996 in this year.

Japan Cut Holding of US Treasury Bonds

Japan cut holding of US Treasury Bonds by US$28.9 billion in September, yet remains the top non-US holder of Treasuries that it first became in June, 2019.

Another Investor Fell Victim to the Illegal Broker Davinci

Have you or your friends ever experienced any of the above-mentioned circumstances? Maybe you remained silent and decided to give up any further attempt to recover your funds, or perhaps you took the broker’s words and believed that it was simply a temporary breakdown of the third-party channel that blocked your withdrawal? Perhaps you hadn’t lost the faint hope that you may eventually receive your money after waiting for a few days or a few months, or have you heard the broker had escaped and thought you could do nothing about the situation?

US Federal Reserve Will Release October’s Meeting Minutes

US Federal Reserve will soon release the minutes for October’s monetary policy meeting, which had directly led to the Fed’s third rate cut in the year- an action much in line with the market’s general expectations.

WikiFX Visited Forex Broker Makasky in Malaysia

Some investors may remember AL-HIDAYAH, a broker that WikiFX visited in August. Although claimed to be located in room 14(B) &(C) at Financial Park Complex, Labuan, Malaysia, AL-HIDAYAH’s office turned out non-exist at the address. The office belongs to a management firm called Regus instead.

41 People Were Trialed for 5 Million Yuan’s Fraud in Anhui

International Funds are Actively Trading Japanese Stocks

Japan has been the weakest major currency in the past month. Besides the rising market optimism over trade negotiation and Brexit which reduced demand for safe-haven assets, increase in the trading of Japanese stocks by overseas investors has been another notable factor weighing on the yen.

Long-Duration Bond ETF Sees Record Outflows

As the US stock market surges towards its all-time high, investors give up tracking long-term Treasury bonds and turn to risky assets instead.Data shows that the iShares 20+ year Treasury ETF is experiencing a record outflow in the recent week, with traders withdrawing more than US$1.2 billion.

Top 20 Largest Ad-spending Forex Brokers in November, 2019

Recently, WikiFX released the list of top 20 largest ad-spending brokers in November, 2019. Let’s take a look.

EUR/USD Forecast - Setting Up a Range Break Ahead of US ISM Data Release

EUR/USD is testing resistance at just under 1.1100 and may break higher if the US dollar continues to weaken. Later today, US ISM services data could provide that catalyst.

PTFX is a Ponzi Scheme

PTFX is a Ponzi Scheme, which scammed me $5,000. The withdrawal is unavailable.

The platform keeps shirking

The platform made me unable to close position and suffer losses.But it keeps shirking and is in bad manner. IC Markets caused losses for without explanation.Making exposure on it, I hope you don’t be cheated. Larger amount of fund means more risk.

Unable to withdraw in scam platform

Scam platform. The gang of Kong Xiangjun and Zhang Hanlin are fraudsters.

Stay away the scam KVB

Last July or August, I was induced to trade in KVB. By teacher’s adverse recommendation, I made a loss of 530000 RMB. All fund was flowed into private accounts. Having inquired lawyers, Financial Office, Securities Regulatory Commission, People's Bank of China, public security agencies and other departments, I called the police and reported the problems existing in KVB . 1. Induced scam and adverse recommendation: KVB asked for my information and open unsolicited account for me. Saying that there is commission of each order, they recommended teachers for me and made me suffer great losses.Mindwise,they misled and controlled clients. 2.Subject qualification issues. KVB is verified as a clone company,which has no relationship with British legit licensed institution.

The account was banned during trading, leading to forced liquidation.

The IC account was banned to log in, leading to forced liquidation!!!! The account should have closed position after trading 10%. Fortunately, it was just a testing account. Otherwise, I will suffer great losses.

Unable to withdraw

The customer service replied to me quickly when I deposited fund.But they didn’t respond and even disappear when I made a withdrawal.Scam.

Did you modified my bank account deliberately?

I failed to make a withdrawal and was asked to pay 10% margin.

Unable to withdraw in scam Just2Trade

I deposited 75000 RMB into Just2Trade .I was told to add 75000 RMB to make a withdrawal since my account was of risk.I felt it was a routine and refused.When I applied for the withdrawal, the customer service refused.The APP can’t be searched in the APP store.It’s a rip-off.

Delayed withdrawal

While the platform claimed that the withdrawal had been verified by the domestic third regulatory, it hasn’t been received yet.

Report

I will report the platform, which gives no reply to emails and phone calls.The withdrawal in it has been unavailable for 3 days.

Absconded

The platform scammed me over 0000 RMB and absconded.

Unable to withdraw

I have just deposited into the platform for 5 days, while the withdrawal process needed 2 months.My has applied for the withdrawal for 3 months, while the platform keeps shirking.We need select reliable platform with high-score.

I couldn’t log in to the account after depositing.Scam platform

I couldn’t log in to the account after depositing.Scam platform

OANDA scammed me 450000 RMB.

The recommended platform pretends to be OANDA and prevents me from logging in to the account.Don’t be cheated.

Unable to withdraw

Both the profit applied in October and the withdrawal in November are unavailable.The platform is a Ponzi Scheme!Don’t be cheated!Those brokerages only care about their interests.

Induce fraud

In June, 2019, I knew the stock badass through a video interview and added his Wechat.Then he introduced the the livestreaming lecture Bao’s lecture-1234tv.com, with Lv Dapeng as the lecturer.In July, Lv said that he was profiting by trading gold.Since many members wanted to follow him, he left his contract.After adding him, I was recommended the account manager in Admins .I opened an account and deposited 395560 RMB.I followed Lv’s guidance and profited a little.He advised me to add fund, saying that there would be a 5 to 7 times market.I added 1212016 RMB, with 1607576 in total.On July 30th, Lv instructed me through Wechat and asked me to send each operation screenshot to him.At that night, he urged us to add positions and gave adverse recommendations, during which, some positions were closed.But he explained that was to low the risk.Eventually, my account was only $23757.4.Then he took me to trade twice again.The balance became $18153.28.After that, he disappeared.On September 30th, the manager asked to make a withdrawal.On October 2nd, there was only 29072 RMB left in my account.I made a loss of 1578504 RMB.Up to October 10th, all related person has been out of contact.

Unable to withdraw in scam MeteFX

The withdrawal is unavailable for nearly one month in MeteFX , in which the boss has absconded.The platform rips me off and still defrauds clients in Shanghai and Ningbo.

Scam

There is $8000 or so left in my account, while it was scammed by the platform.Hope you select the platform wisely.

Why the withdrawal is unavailable?Man-made fault or system problem?

In this September, I was pulled into a group, in which teachers recommended stocks and made some analysis on market.Having acquired our trust, the teacher recommended us digital currency, saying that the stock market was too volatile to profit.I was tempted and deposited 300000 RMB.At first, I made a loss of 60000 RMB.Then the teacher said that he could take me to profit.At that night, with the guidance of the teacher, while tens of member claimed that they made profits, I still made losses.I was suspicious of him and was to withdraw the remaining 150000 RMB.But it was unavailable.Neither the customer service nor the teacher replied to me.(Unwittingly, my whole asset was scammed.)

The withdrawal in OANDA is unavailable and the customer service is out of contact.

When I applied for the withdrawal, the platform asked for fees with grinding excuses.After so that on December 2nd, the withdrawal was still unavailable, although the request was successfully passed.The customer service is out of contact.

Unable to withdraw in scam LXM

In the early August,I took a chance to added the assistant,who gave me the account and password to have lessons in the live-broadcasting room.One of the teacher gave lessons on stocks.And another teacher depicted that they were keen on charity and asked us to donate 10% of the profit to the person in poverty.I felt that the two teachers were reliable since they kept giving lessons every day.In early September,the teacher said that the stock market was not optimistic and asked us to withdraw the fund to trade forex.It was said that it could bring fast profits,with the leverage of 1:100,one could make big money by small fund.He said that he had profited largely in the forex and gold,with rich experience.The return was to donate 10% to the charity.The trading fund was at least $30000.Eventually,I made a loss of 310 thousand RMB.