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    Lost Money to Illegal Brokers? WikiFX is Here to Help!

    Abstract:As a forex investor, you may be once ambitious to make a fortune through trading currencies, or have read piles of books on fundamental and technical analysis in order to grasp the tricks of the trade, yet back to reality, you simply can’t make profits or even keep losing money. You may blame it on yourself, thinking it’s because you’re not good enough, but the truth is you may be a victim of illegal brokers and have stepped into their traps.
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      As a forex investor, you may be once ambitious to make a fortune through trading currencies, or have read piles of books on fundamental and technical analysis in order to grasp the tricks of the trade, yet back to reality, you simply can‘t make profits or even keep losing money. You may blame it on yourself, thinking it’s because youre not good enough, but the truth is you may be a victim of illegal brokers and have stepped into their traps.

      As forex market has no fixed spot for trading, investors need to trade through forex broker that serves as an intermediary in forex trading, and in many cases, the losses in investment can be attributed to the practices of illegal brokers. If you ever had any of the following situations:

    •   Suffered loss due to misleading instructions of the brokers analyst;

    •   The broker manipulated your account without authorization;

    •   Suffered loss due to severe slippage or network delay of broker;

    •   The broker failed to execute your stop-profit/ stop-loss order;

    •   Couldn't make deposit and ended up in negative balance;

    •   Couldn't access your account and ended up at loss;

    •   The brokers chart looks different from that of others;

    •   Suffered loss due to inexplicable “technical failures”.

      You need to pay attention to these warning signs as they suggest high possibility of being defrauded.

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      The rapid development of the forex industry has led to a proliferation of forex brokers, which also include unqualified ones that attempt to attract investors through methods such as boosting advertising efforts. As an authoritative forex media, WikiFX has recorded profiles of over 13,000 forex brokers from over 30 countries across the world, covering nearly the whole industry. For investors who have started trading, you may easily check the compliance of your broker; and for those who are about to begin forex investment, WikiFX can help you chose a regulated and trustworthy broker by offering brokers information of all aspects.

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      If you find on the WikiFX App that the broker you‘re trading with has any irregularity or non-compliant practice, or you’re having trouble withdrawing from the broker, you can report the broker to WikiFX by providing trading account records and other information. WikiFX will publish an exposure article after reviewing the evidences provided, and try the best to help you recover your defrauded fund through legal measures and other available means.

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      As a leading media of the forex industry, WikiFX not only offers reliable and comprehensive forex information to investors, but also aspires to help investors fight illegal brokers and recover their defrauded fund, driven by a sense of justice. Stay tuned as we bring you the story of how WikiFX successfully helped investor get back the money swindled by illegal broker.

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    United States Dollar

    • 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
    Current Rate  :
    --
    Amount
    New Zealand Dollar
    Convertible Amount
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

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