Most investors reported brokers to WikiFX for withdrawal problems, such as applications being rejected or postponed or account being suspended. Recently, Mr. Song lodged a complaint at WikiFX against Forex broker HCKHFX who kept on postponing his withdrawal request, hoping WikiFX's exposure of the broker can warn other investors against it.
WikiFX released the 20 largest ad-spending Forex brokers in July, 2019, which was divided into 3 categories of well-known, illegal and risky brokers.
As one of the victims suffering such broker scams, Mr. Wang reported GPAK to WikiFX and shared his experience of being defrauded to warn other investors against the illegal Forex broker.
According to the information on WikiFX App, J.P.Morgan holds futures license authorized by SFC(HK) and Forex license(MM) by LFSA (Malaysia), with over 15 years of business. L.P.Morgan is rated at 7.36 on the WikiFX App, therefore it is a reliable broker. In addition, WikiFX reminds investors to be aware of the potential risk for it uses non-MT4 trading software.
The illegal Forex broker defrauded investor with online lectures of so-called Forex mentors.
Vietnam is one of the fastest growing Southeast Asian countries in economy, which expects to see a big financial market with Forex and financial organizations of different types and sizes and owns a capital of 7.8 billion USD by 2020. And Ho Chi Minh City(HCMC), Vietnam's economic centre with booming financial industry and soaring skyline, is attracting more Forex investors and brokers worldwide.
This week WikiFX released the top 10 most complained Forex brokers list in July for investors' reference.
Recently WikiFX received Mr. Chen's letter about his experience of being cheated by CFX, a business-overrun Forex broker, who blocked his withdrawal request twice after he made profits and coaxed him into making more deposits. Finally Mr. Chen ended up in heavy loss with deep regret.
Recently WikiFX learned that Indonesian Forex broker Phillip Futures may be holding cloned license.
On July 7th, the 2019 Wiki Finance Expo successfully wrapped up at DoubleTree by Hilton Hotel in Kuala Lumpur.
Wiki Finance Expo Kuala Lumpur helped investors find the authentic brokers and built up the mutual trust between them.
Recently WikiFX received a complaint against non-regulated Forex broker FCT. Per an investor's trading experience, she signed up and made deposit to FCT upon recommendation of an IB agent. Unexpectedly, now she still cannot receive the money withdrawn over 6 months ago, while the broker's login page becomes inaccessible.
WikiFX released the top 20 largest ad-spending Forex brokers list in June, which directly shows the brokers’marketing efforts and activities on the Forex market.
Mr. Huang from Taiwan complained to WikiFX about his difficult withdrawal at the Forex broker TSKFX to seek help. WikiFX got Mr. Huang’s experience and verified the related evidence.
Upon investors’ requests, WikiFX recently visited Forex broker FXPRO in Cyprus, offering investors a closer look of the broker that ranked No.6 in WikiFX’s most complained brokers list in May.
Following the great success of the Sydney Summit in Australia this March, WikiFX will present another Forex feast for global investors at Hilton DoubleTree in Kuala Lumpur on July 7th.
Many investors are always deceived for excessive trust in others. And the recommendations from so-called “acquaintance” often turn out to be trap that may cause unwary investors heavy loss.
The field-survey mission to Jakarta came as a surprise. I had to forget about holiday schedules and set out before sunrise to catch the earliest flight. I knew that visiting PTFX in the capital of Indonesia wasn’t going to be easy, but my 4-day trip turned out to be even more adventurous than I expected.
As the first effective date for ASIC’s new rules approaches, many Forex brokers under its regulation have taken countermeasures this month. For instance, some brokers refunded investors and ended their business in China, or some transferred customers to a new regulatory platform. While, some non-regulated brokers used ASIC’s new rules as an excuse to cover up their escapes.
WikiFX has been popular among forex investors worldwide and has received numerous good reviews since its launch. With the help of WikiFX, an increasing number of investors know forex information and distinguish between real brokers and fake ones, avoiding lots of potential risks in forex investment.
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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.
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Special Notice: Information provided by WikiFX is only for reference and does not indicate any investment advice. Investors should choose brokers by themselves. The risk involved with brokers is not relevant with WikiFX. Investors shall bear the relevant consequences and responsibilities on his own.
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