WikiFX recently visited ATFX’ s licensed office in London, UK. The Forex broker has 3 licenses including the MM license from FCA(UK).
Recently, an investor wrote to WikiFX complaining about 2 illegal brokers, including one already exposed by WikiFX.
Recently, WikiFX received investor’s complaint against ATOM, who not only rejected investor’s withdrawal application but also closed investor’s account, while their customer service offered no assistance other than suggesting investor to call the police or seek media attention. Investor thus reported ATOM to WikiFX.
WikiFX released the top 20 most followed Forex brokers list in May, 2019. April has seen quite a few episodes in the Forex market, such as regulator’ s warning about Forex industry, market exit announcement released by broker and foreign news disclosing fraudulent broker. Let’ s look at how these events have effected investors’ interest on brokers.
Ms. Jin, an forex investor, shared her terrible investment experience of being defrauded by ZHONGTUO FUTURES. She opened an account by the referral of other people, and deposited lots of money to the platform. Unexpectedly, the platform suspended her account and rejected her withdrawal applications. Without receiving any solutions from the platform, she still doesn’ t receive her money till now.
Having visited KVB’ s licensed office in Australia last year, WikiFX recently paid another visit to the broker’s office in Hong Kong, offering investors a closer view of the transcontinental Forex giant under multi national regulation.
Recently, investor reported to WikiFX that GHIFX constantly rejected investor' s withdrawal request and suspend his account after failing to extort money from him.
Upon investor’s request, WikiFX visited MMIG’s office in Shanghai on April 29th. We set out at 2pm despite the awful weather.
WikiFX just got a complaint against Finotec as investor still didn’t receive the money ten days after the withdrawal application was approved. Now she even cannot access her account. Meanwhile, Finotec dodged the problem with the excuse of system maintenance and the third party’s responsibility, leaving it unsolved for a month.
WikiFX released the top 10 most complained Forex brokers list in April, 2019, offering a reference for investors to avoid the risks in a complex Forex market.
WikiFX just received a complaint from investor that MAXO blocked withdrawal applications. And investor couldn’t reach the broker anyhow.
Recently, investor reported to WikiFX that Rinfx closed its withdrawal channel, leaving investor unable to withdraw. Per investigation, WikiFX found the broker’ s website was inaccessible, which indicates its potential risk of absconding.
WikiFX released the top 20 most visited Forex brokers list in late April, 2019. As an indicator of Forex market trend, it reflects investors’ attention in addition to brokers’ activities, providing valuable reference for investment.
Per investor' s request, WikiFX team paid a visit to PTFX in Jakarta, Indonesia. The mission to conduct field survey on PTFX seems to be tough and even more adventurous than we expected.
Rated at 2.07 only, FIONA JUDD has NFA(US)' s license for generic financial service and operates in overrun business, with server set up in China. Moreover, FIONA JUDD has massive complaints recently that it refused investor' s withdrawal request and even arbitrarily used investor' s money to trade without his permission, causing heavy loss to investor. All these show huge risk of the platform. Now with customer service out of contact and website closed, FIONA JUDD may have escaped. We suggest investors take prompt actions to better protect your rights.
Recently, WikiFX got a complaint from investor that Ho-Forex has been delaying investor' s withdrawal application, with customer service out of contact.
WikiFX just released April' s top 20 largest ad-spending Forex brokers list, which not only directly indicates the branding and market developing campaign of brokers, but also demonstrate, to some degree, the dynamic of Forex industry. Compared with March, FXTM still tops the list, while brokers that rank second and third has been replaced.
Recently, WikiFX got a complaint about IQ Option from investor, who couldn' t withdraw her money for the Forex broker arbitrarily terminated the service agreement, froze her account and kept on delaying withdrawal requests.
Recently, WikiFX visited the Australian office of AVATRADE, an Irish licensed Forex broker, giving investors a closer look of the broker under multinational regulation.
WikiFX exposed BIZ two months ago in the report, BIZ delayed in processing withdrawal request arbitrarily. Recently, we received investor’s complaint against BIZ again for they closed website so that investor cannot withdraw money. Meanwhile, the platform customer service didn’t reply to investor’s email anymore. The platform has potential risk of absconding.
WikiFX | Exposure 2019/8/19 10:59:03
WikiFX | Industry 2019/8/18 19:33:39
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WikiFX | Industry 2019/8/18 19:33:39
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WikiFX | Industry 2019/8/18 12:37:53
The data of WikiFX all comes from official data of various forex regulatory institution such as FCA,ASIC，etc. These data are all purpose of being fair、objective and realistic,which doesn't ask for any public relations fees, advertising fees, ranking fees, data removing fees and other gray fees.WikiFX will do its best to maintain the consistency and synchronicity of its data with that of authoritative data sources with regulatory authorities, but will not undertake to keep it consistent and synchronized in real time.
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 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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