|

Informação

    Casa   >     Original    >     Texto Principal

    HLJY Swindles IB with the Excuse of “High Return”

    Resumo:As the financial market with the most frequent transactions, forex market has been the first choice of global investors due to its high efficiency, flexibility and liquidity.
    英

      As the financial market with the most frequent transactions, forex market has been the first choice of global investors due to its high efficiency, flexibility and liquidity. However, many illegal brokers on this lucrative market are marketing with misleading slogans like “become IB with zero investment”and “high rebate”to lure inexperienced introducing brokers (IBs) into their traps.

    1.png

    Mr. Wang reported HLJY to WikiFX

      Mr. Wang is an IB who sought help from WikiFX after being defrauded by HLJY. Having called the police, he also hope WikiFXs exposure of the illegal broker can warn other investors against it.

    2.jpg
    Mr. Wang's ID Card

      Complainant: Mr. Wang

      Broker: HLJY

      Brokers website: www.fxhlbl.com

      Account Balance: US$2,149.1

      Withdrawal status: in process

      Account status: suspended

      Customer service: unavailable

      Event recap

      This March, I became an IB of HLJY after I saw its advertisement online. Though the platform promised rebate for IB in the next trading day once an order is completed, I didnt receive rebate for my first order until a week later, and little did I know this was just the beginning. According to the IB service contract, I introduced my friends and acquaintances to HLJY and helped them sign up and make deposits at the platform.

    3-1.jpg
    3-2.jpg
    Mr. Wang deposit records

      The deposit process went smoothly and the clients are all expecting to make some profits. On June 17th, I contacted HLJY‘s customer service because a client wished to withdraw, but I received no reply. After waiting anxiously for a whole week, the customer service simply said that “the system is under maintenance and withdrawals can’t be processed until July”. Feeling frustrated, I complained to HLJY by sending an email to the address on its website, but got no answer either. Under great pressure from the clients, I continued to wait for half a month. The customer service simply passed the buck to the bank and disappeared, while the platform kept on rejecting withdrawal applications despite my urgent demand. Before long, I found my account was suspended with my balance of over US$ 2,000 wiped out! I had no choice but to call the police.

    4-1.png

    4-2.png
    4-3.png

    4-4.png
    Mr. Wang's conversation with HLJY's customer service about his withdrawal problem
    4-5.png
    Mr. Wang's withdrawal records

      Analysis

      According to HLJY website, the broker is a member of Chinese Gold and Silver Exchange Society (membership number: 067) in Hong Kong, and is a credible web-based forex broker under strict regulation of the organization.

      However, Chinese Gold and Silver Exchange Society(CGSE) is only an industrial association rather than an official regulatory body, suggesting it is not authorized to provide any regulation. Notably, the CGSE website disclaimer also reminds investors that they should be responsible for verifying and deciding the authenticity of the contents on the websites of members, while CGSE “give no representation or warranty on the accuracy and completeness of any information provided on this website and disclaim all liabilities for any loss and damages arising from any inaccuracy or incompleteness or delay of such information”.

    5-1.png

    5-2.png

      Obviously, the “strict regulation” claimed by HLJY is no more than a “bluff”. The broker is simply taking advantage of the reputation and credibility of CGSE to gain the trust of its target IBs like Mr. Wang.

      Case summary

      The searched of keywords “become an IB of HLJY” online showed over 300 thousand results which was truly astonishing. Conceivably, investors and IBs continue to be lured by the false promise of high profits by HLJY everyday and become new victims of the deceitful broker. These advertisements proclaim their compliance and legitimacy to gain the trust of IBs and at the time we received Mr. Wangs complaint, such false advertisements still profuse the internet.

    6-1.png
    6-2.png
    HLJY's IB recuitment information

      From “100% profit guaranteed” to “high rebate”, the illegal brokers keep coming up with new tricks to defraud investors and IBs. From Mr. Wangs case we can learn the following lessons:

      1.Becoming an forex IB always bears certain risks, and instead of blindly believing in advertisements, IB agents should remain cool and carefully investigate the brokers compliance, strength, regulation status and risk-control level before making a decision.

      2.Investors should also check the compliance and profile of a broker before readily accepting the recommendation of anyone, even acquaintances or friends.

    英.jpg

      Conclusion

      Per checking WikiFX App, HLJY uses white-label MT4/5 software with an irregular server location. Moreover, WikiFX receives about 20 complaints against HLJY in the recent 3 months, suggesting the broker to be highly risky.

      If you wish to learn more about how to chose a reliable broker, avoid the pitfalls of illegal brokers and defend your rights against broker scams, or are interest in other WikiFX exposure of illegal brokers, please check WikiFXs official website at www.wikifx.com. To report illegal broker, please contact WikiFX at wikifx@wikifx.com. Together, we can reduce the number of illegal brokers on the market by nipping them in the bud.

    英

    Thai Baht

    • 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
    Taxa atual  :
    --
    Montante
    Thai Baht
    Montante
    -- United States Dollar
    Aviso

    Os dados usados pelo WikiFX são todos dados oficiais publicados por institutos de regulamentação como o FCA, ASIC. Todos os conteúdos publicados são baseados nos princípios de justiça, objetividade e verdade dos fatos. Não aceita nenhuma comissão de comerciantes, incluindo taxas de RP, taxa de publicidade, taxa de classificação, taxa de exclusão de dados. O WikiFX faz todo que é possível para manter a igualação dos dados com os publicados pelos institutos de regulamentação, mas não se compromete a manter em tempo real.

    Considerando que a complexidade da indústria de Forex, alguns comerciantes são emitidos licenças legais pelos institutos de regulamentação por meio de trapaça. Se os dados publicados pela WikiFX não estiverem de acordo com o facto, use a função Reclamações e Correção para nos informar. Vamos verificar imediatamente e Anunciar os resultados.

    Os contratos de câmbio, metais preciosos e over-the-counter (OTC) são produtos alavancados, que têm altos riscos e podem causar a perda do seu investimento principal. Por favor, invista racionalmente.

    Aviso especial: As informações fornecidas pelo WikiFX são apenas para referência e não indicam nenhum conselho de Investimento. A plataforma de Forex é escolhida pelo cliente.O risco trazido pela operação da plataforma não tem nada a ver com a WikiFX.O cliente tem que arcar com as consequências e responsabilidades relevantes.

    ×

    Selecione o país / distrito