Retiree loses over RM337,000 in Facebook investment scam
Authorities warn public to verify financial transactions as pensioner duped by fake online investment
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Abstract:Does InterTrader block your forex trading account, giving inexplicable reasons? Does the broker flag you with latency trading and cancel all your profits? Do you have to pay additional fees for withdrawals? Did the UK-based forex broker fail to recognize the deposit you made? Does the customer service fail to address your trading queries? In this InterTrader review article, we have shared such complaints. Read them out.

Does InterTrader block your forex trading account, giving inexplicable reasons? Does the broker flag you with latency trading and cancel all your profits? Do you have to pay additional fees for withdrawals? Did the UK-based forex broker fail to recognize the deposit you made? Does the customer service fail to address your trading queries? In this InterTrader review article, we have shared such complaints. Read them out.
Traders have accused InterTrader of blocking their forex trading accounts without any reason. In one case, a trader was approved for a trading account. The trader deposited a significant €15,000 and made a few trades based on news developments. Suddenly, InterTrader blocks the trading account, citing a lack of credible documents. Now, this sounds fishy. Concerned by this, the trader made a long InterTrader review that you can check below.

Denying the latency trading claim, the trader hit back at InterTrade by saying that he was a news trader and not aware of latency trading and how it works. However, the broker removed all the profits in the name of latency trading. Others have reported fake latency trading claims made by the broker to harm traders. Here are multiple screenshots explaining this trading mess.


As per the traders admission, InterTrader demanded that he pay additional fees to receive fund withdrawals. The trader was reportedly made to pay a 8% transfer fee amounting to 58 million VND. Upon withdrawal, another 10% fee amounting to 73,770,000 VND. The trader, however, could not pay any further, resulting in an InterTrader withdrawal cancellation. Sharing the screenshot explaining the financial plight of the trader.

InterTrader is reported to have breached the regulatory rules. In one accusation, the user submitted documents to be reclassified as an elective professional after opening and verifying a trading account. Instead of processing the request, the broker allegedly closed the account without explanation.
Amid a negative review by the trader online, the broker asked for another verification and later reactivated the account as the trader found that on the InterTrader login. When the user again requested elective professional status—a right they say is guaranteed by the regulator—the broker refused without giving any reason.
The reviewer emphasizes that the criteria for elective professional status are defined by the regulator, not the broker, and accuses the company of violating regulatory rules. They also note that many other users seem to be reporting issues recently.
Here is the complaint screenshot explaining the alleged flaw on the part of the broker.

The WikiFX team considered various trading complaints registered against the broker before conducting a thorough enquiry into its business. The investigation did find it a regulated entity in the United Kingdom. However, given the massive complaint pile, the team could only give it a score of 3.99 out of 10.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Authorities warn public to verify financial transactions as pensioner duped by fake online investment

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