|

Informations

    Accueil   >     Initiative    >     Corps

    Illegal “E-trans” Swindled Investor by Cloning High-rating Broker

    Extrait:Brokers with cloned license account for quite a large proportion of illegal forex brokers. Recently, WikiFX got an investor’s complaint against such a broker E-Trans, who unscrupulously copied the high-rating broker Etrans from logo to company’s name, in order to defraud investors. Here’s how Mr. Zhu became a victim of the illegal broker.
    真假难辨-英.jpg

      Illegal broker:E-Trans

      Regulatory status: cloned-license

      Complainant: Mr. Zhu

      Cause of complaint:withdrawal failure

      Brokers with cloned license account for quite a large proportion of illegal forex brokers. Recently, WikiFX got an investor‘s complaint against such a broker E-Trans, who unscrupulously copied the high-rating broker Etrans from logo to company’s name, in order to defraud investors. Heres how Mr. Zhu became a victim of the illegal broker.

    1.jpg
    Investor’s ID card

      

      Event recap

      When Mr. Zhu downloaded MT4 trading software this July, someone who claimed to be introducing broker of Goldman Sachs Bitcoin found Mr. Zhu and recommended the broker E-Trans, telling him he can sign up at the platform and then select E-Trans in the MT4 software to start trading. On July 9th, Mr. Zhu successfully opened an account on E-Trans and made deposit, and the broker sent him a confirmation email.

      He later made several more deposits, some were immediately confirmed while others took longer. His last deposit of US$ 1,000, made on July 29th, was never confirmed by the platform. Depositing to E-Trans was bothersome enough, yet withdrawing from it was even worse. Mr. Zhus withdrawal application in mid-July had neither been approved, nor did he received the money, while his email request about the matter, sent on July 26th, received no response from the customer service.

      Besides withdrawal failure, Mr. Zhu also noticed that the broker‘s website had become inaccessible since August, and he couldn’t reach anyone from E-Trans. On August 15th, Mr. Zhu again emailed E-Trans customer service, but failed to get a reply, and his later inquiries all met the same fate, even when Mr. Zhu declared hed take legal actions against E-Trans if the issue remains unsolved. Until now, Mr. Zhu still has unwithdrawn balance in his account, and with E-Trans website closed and its staff inaccessible, it seems unlikely he can get the money back.

    2-1.jpg
    Mr. Zhu‘s deposits hadn’t been smooth

    2-2.jpg

    Mr. Zhus email to E-Trans about his withdrawal

    2-3.jpg
    Mr. Zhu made several email inquiries about irregularities of the platform

    2-4.jpg
    Mr. Zhu’s account balance yet to be withdrawn

      Analysis

      Forex broker recommended by “IB” and the deceptive camouflage of E-trans are the 2 most worth-noting points in Mr. Zhus case.

      1. Forex IB is an indispensable part and a permanent topic of the forex circle, yet their promises of high gains to investors could also be hidden traps. While IB agents may have more access to brokers information, investors should remain cautious about what these agents said and always check the compliance of a broker before making investment.

      2. When looking up E-Trans online, we also found an Australian forex broker Etrans which has a similar name and logo with E-Trans. Further investigation shows that Etrans is a regulated broker with WikiFX rating 8.25 and has been in business for over 5 years, while E-Trans is an illegal broker that cloned Etrans MM license no.439303, issued by ASIC(Australia). As the website of E-Trans is no longer accessible, we have no idea whether it also copied the official site of Etrans, but what it had already cloned from Etrans was enough to trick Mr. Zhu who, considering himself experienced with brokers, still fell into the trap.

    3.PNG

    E-Trans is extremely similar with the regulated Etrans in name and logo

      Conclusion

      According to WikiFX App, E-Trans is a cloned-license broker that has been in business for less than a year, with a rating of only 1.12 on the WikiFX App. We suggest investors to stay away from this illegal broker.

    4(英文).jpg

    Hot Nouvelles

    Singapore 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

    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
    Taux actuel  :
    --
    Montant
    Singapore Dollar
    Montant
    -- United States Dollar
    Attention

    Les données utilisées par WikiFX sont toutes les données officielles publiées par les instituts de réglementation tels que FCA, ASIC. Tous les contenus publiés sont basés sur les principes d'équité, d'objectivité et de vérité des faits. Il n'accepte aucune commission des courtiers, y compris les frais de relations publiques \ frais de publicité \ frais de classement \ frais de suppression de données. WikiFX fait de son mieux pour maintenir les données en ligne avec celles publiées par les instituts de réglementation mais ne s'engage pas à les conserver en temps réel.

    Compte tenu de la complexité de l’industrie du forex, certains instituts de réglementation délivrent des licences légales à certains courtiers en les escroquant. Si les données publiées par WikiFX ne concordent pas, veuillez utiliser la fonction Réclamations et corrections pour nous en informer. Nous allons vérifier immédiatement et publier les résultats.

    Les contrats de change, de métaux précieux et over-the-counter (OTC) sont des produits à effet de levier, qui présentent un risque élevé et peuvent entraîner une perte de votre capital d'investissement. Veuillez investir de manière rationnelle.

    Avis spécial: Les informations fournies par WikiFX sont uniquement données à titre indicatif et n’indiquent aucun conseil en investissement. Les investisseurs devraient choisir les courtiers eux-mêmes. Le risque lié aux courtiers n'est pas pertinent avec WikiFX. Les investisseurs assument eux-mêmes les conséquences et les responsabilités.

    ×

    Sélectionnez un pays / district