According to an investor's complaint, a woman he met on Instagram lured him to trade on the TDX Insurance platform with high profits.

However, when he applied for a withdrawal, TDX Insurance kept asking him to pay taxes, fees and charges before he could withdraw.

The investor realised that he was probably being scammed. And TDX Insurance even had the broker hack into his Instagram account and delete all his chats while promising him he could withdraw his money.

More details: https://www.fxgecko.net/en_US/complaint/8853.html

FxGecko data shows that TDX Insurance is not a legitimate trading platform and its rating is only 1.7.

TDX INSURANCE's website shows its address as being in London, UK, but there is no information on its registration and licence with the Financial Conduct Authority (FCA) in the UK.

It is clear that TDX Insurance is an unregulated and illegal firm. If you trade with it, your money is not protected and you are at risk of fraud at any time.

FxGecko recommends that you stay away from such unregulated and unlicensed trading platforms to avoid being scammed. (You can check the licensing information of brokers worldwide on the FxGecko APP)

Also, FxGecko reminds you that any trading platform that asks you to pay taxes, deposits and other withdrawal fees is a scam. Beware!

If you have a dispute with your broker, or if you encounter a scam broker, you can submit a complaint on the FxGecko website or APP. FxGecko customer service will assist you with your dispute, and we will also expose the scam to warn others not to fall for it. (All features of FxGecko are free for users)