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Resolved
The market in WeTrade slags. Stop loss and stop limit are useless. Induce customers to scalp orders
Mediating Parties
WeTrade WeTrade
Issue

Scam

Requirement

other

Settlement Amount

$70,000(USD)

Time

37 day 7 hour

Mediation Status
Automatic completion after timeout
WikiFX Mediation Center
30 calendar days elapsed after the broker’s last response. Without user follow-up, the ticket auto-updated to Resolved. Resubmit feedback if you dispute the result.

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FX3582322671
I’m Shengli Lin. I’m 100% responsible for what I’m saying. I knew WeTrade by accident on the net last September then I opened an account and deposited. There was a group chat and a teacher in it who gave recommendations. I profited at first. Then the group chat was dismissed and the teacher stopped giving recommendations. The teacher encouraged us to invest by ourselves for we can learn a lot if we invest by ourselves. Th platform has slagged since the beginning of the year. The spread here was high and I can’t log in. The stop loss and stop limit were useless. Positions were closed maliciously and so on. I reported these problems to the customer service and the customer service said the platform was upgrading, it was normal of the slippage. They kept shrinking with such excuse. Then there were some activities, bonus for deposit and Tesla motors for scalping orders. In the end, I lost ¥450,000. I exposed WeTrade, a fraud platform. A gang of frauds. Polish your eyes. I reported my problems to the customer service and my account was closed. It’s obvious that they are afraid of being caught. I called he police. These frauds are going to jail.

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