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    HotForex:The HotForex Seduces the Victim with Huge Profit

    Abstract:We received a complaint from Mrs. Agatha, who was struggling with the withdrawal procedure on the trading platform HotForex and Wealth creation FX company. A manager from the Wealth creation FX company and HotForex asked for an account releasing fee during the process of the withdrawal. As what the victim said, she realized that it didn’t add up when the manager asked her to pay ZAR 4,900.
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      We received a complaint from Mrs. Agatha, who was struggling with the withdrawal procedure on the trading platform HotForex and Wealth creation FX company. A manager from the Wealth creation FX company and HotForex asked for an account releasing fee during the process of the withdrawal. As what the victim said, she realized that it didnt add up when the manager asked her to pay ZAR 4,900.

      

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      The victim was introduced to the HotForex by Kwandile from Wealth creation FX company. He offered the victim series of high-return investment projects, such as investing ZAR 1,000 in exchange for ZAR 5,000. This order was supposed to be closed when the target was met. Then the victim would take both the interest and capital of ZAR 3,700 and ZAR 1,000 and leave ZAR 300 in the account. The account manager claimed that the investment charged the victim nothing for the first time but 10% of the total profit as his commission. He also promised that the withdrawal and money delivery were warranted within 8 hours without any delay.

      

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      The victim opened an account on HotForex on the 23rd of October in 2020 and made the first deposit of ZAR 800. Two days later, the victim received the message from Kwandile. He said that the current account balance was ZAR 17,100. Kwandile was the person who did the trading on behalf of the victim and suggested that the victim should pay ZAR 1,350 to release such a huge profit. Then the victim made the transaction as suggested on the 25th of October in 2020. However, the victim received an email from HotForexZAR. She was required to pay ZAR 4,800 to support the withdrawal procedure, and the transaction fee would not be deducted from the profit.

      

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      This is a sad story for Agatha but a complicated case for WikiFX because there are some suspicious details, such as the relationship between Kwandile and the HotForex, remain unknown. Moreover, the source of the email needs to be verified. We will carry out further investigation on this case until we find the truth. We advise Forex traders to check the background of brokers before the deposit or to find the rating of brokers on the WikiFX.

      

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      Declaration: The evidences in WikiFX exposure articles are verified via the following processes:

      1: Evidence Collection: chatting records, trading records, banking transaction records, and video recordings from the victim.

      2: These evidences will be evaluated and verified by experts who have been working in the Forex industry for many years.

      3: The editor will review it again before the article is published.

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      WikiFX,

      a third-party forex broker inquiry platform, has collected the

      information of 21,000+ forex brokers, 30 regulators, and helped victims

      recover over 300,000,000.00 USD. WikiFX App provides functions like

      forex brokers inquiry, calender, forex news express, calculator and

      other trading tools to help you get trading done with ease.

      Forex brokers inquiry: in order to create a safe forex trading

      environment, WikiFX offers you two methods of checking the compliance of

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      offices to identify they are trustworthy or not.

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      The following are three channels forgetting real-timeinformation about exposurearticles.

      1: WikiFX official website: https://www.wikifx.com/us_en/.

      Choosing News column Original special topic series.

      2: WikiFX App: Using the App will make it easier to read articles.

      Read on the APP in the same way as the official website.

      3: WikiFX official Facebook: the new exposure articles will also be

      posted on Facebook, a main social media account, at the same time. If

      you are a social media user, you can follow WikiFXs Facebook page.

      US Area:https://www.facebook.com/WikiFX.US/

      UK Area:https://www.facebook.com/Wikifx.UK/

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      South Africa Area:https://www.facebook.com/WikiFX.za

      Australia Area:https://www.facebook.com/WikiFX.au

      If you have ever been defrauded by illegal broker, you can contact

      WikiFX. WikiFX will assist you in your exposure. You need to hold enough

      evidences to prove the broker is illegal.

      Evidence requirement: (Chatting history records, Trading history

      records, Banking Transaction records and video recordings from victim).

      In order to help you better. There are two ways to upload evidencesfor exposure.

      1: WikiFX App:

      Log in the App, choose Exposure on home page click on blue light bulb-Expose,

      The types of Fraud Choose fraud broker Just write down your

      experience of being deceived and upload the relevant evidences here.

      2: More brokers information will be updated on WikiFX. If you can

      not find the broker that you want to report, there is another way to

      contact WikiFX by Facebook Messenger. You can leave your message on

      messenger. WikiFXs staff will review the broker that you wanna report

      and the relevant evidences you submitted. You will get the feedback in

      the following 3-5 working days.

      USA Area:https://www.facebook.com/WikiFX.US/

      UK Area:https://www.facebook.com/Wikifx.UK/

      Australia Area:https://www.facebook.com/Wikifx.AU/

      Nigeria Area:https://www.facebook.com/WikiFX.ng

      South Africa Area:https://www.facebook.com/WikiFX.ZA

      Declaration:

      The evidences in WikiFX exposure articles are verified via the following processes:

      1: Evidence Collection: (Chatting history records, Trading history

      records, Banking Transaction records and video recordings from victim).

      2: These evidences will be evaluated and verified by experts who have been work in forex industry for many years.

      3: The editor will review it again before the article is published

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