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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Does WealthFX Generate Wealth or Losses for Traders? Find Out in This Review
Abstract：The name WealthFX sounds appealing for all those wishing for a rewarding forex journey. However, behind the aspiring name are multiple complaints against the Comoros-based forex broker. These trading complaints dampen the broker’s reputation in the forex community. In this WealthFX review article, we have shared some of these complaints here. Take a look!
The name WealthFX sounds appealing for all those wishing for a rewarding forex journey. However, behind the aspiring name are multiple complaints against the Comoros-based forex broker. These trading complaints dampen the brokers reputation in the forex trading landscape. In this WealthFX review article, we have shared some of these complaints here. Take a look!
Top Forex Trading Complaints Against WealthFX
The Fund Scam Allegation in the Name of Scalping
Scalping is a type of forex trading where traders execute trades in a few seconds to minutes to benefit from small currency pair price movements. However, a trader admitted that WealthFX marked all of his trades as scalping even though they were for more than 50 minutes and prevented him from accessing withdrawals. This is how the trader shared the WealthFX review.
A Tale of Failed Promises & Additional Fee Liability for Payouts
Some traders have admitted that WealthFX fails to deliver them their promised returns. To make it clear, there is nothing assured in forex investments, even though they offer tremendous potential for lucrative returns. Also, the broker asks traders to pay additional fees for payouts. Take a look at the screenshot below to understand this trade manipulation.
Funds Once Deposited Cant be Withdrawn, Says the Trader
A trader claimed that the deposited funds cannot be withdrawn, allowing the broker to pile on the losses for its clients. Here is a small but strong statement made by the trader.
WealthFX Review by WikiFX: Score & Regulation Status
These forex trading complaints made the WikiFX team investigate WealthFX on several aspects, including its regulatory status. True to our suspicion, the broker was found to be an unregulated entity, answering your question - Is WealthFX real or fake? Given the prevailing investment risks, our team gave WealthFX a score of 1.93 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.
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Failed to withdraw funds from the BDSWISS trading account despite multiple attempts? Did the broker reject your fund withdrawal application without any reason? Did the high slippage lead to massive capital losses? Was the customer support team far from ideal? Many traders have reported these issues online. In this BDSWISS review article, we have examined several such complaints against the forex broker.
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When your capital is at risk, trust isn't just a feeling - it's something you can measure. For traders thinking about using the broker Evest, one question is impossible to avoid: Is Evest a trusted partner for your investments, or does it put your investments at serious risk? The answer to this important question, "Is Evest Safe or Scam?", isn't found in the company's ads. You find it by comparing what the broker officially says with the real, often worrying experiences of actual users. This review won't rely on guessing. Instead, we'll take a deep look at the broker's legal status and, more importantly, the number and types of real Evest complaints. Our research is based on public information, mainly from the worldwide broker research platform, WikiFX, to show the truth about Evest's reputation.
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