Below is the list of forex brokers that have recently been complained about by investors. FxGecko reminds you to beware of the customer reputation and risk tips of these brokers.
• T4Trade - not allowing client to withdraw fund and deleting client transaction history. --Resolved
• CWG Markets - deducting client's profit money. --Replied
• TMGM - severe slippage, clients' bank cards are frozen when they withdraw their funds. --Replied
• KCM--slippage caused clients to lose money and closed their deposit and withdrawal channels.
• DooPrime - client's inability to deposit leads to loss.
• Ec Markets - slippage caused serious losses for the client.
• FIBO - slippage caused serious losses and deducted client's profit.
• FxPro - the client asked to explain the high inventory fees.
Here are the trading scams and high-risk trading platforms that have recently been complained about by investors who can't get out of their money! Almost all of them are unregulated and high-risk. FxGecko advises you to stay away from them and be wary of the trading platforms associated with them (which can be viewed on the FxGecko APP).
• FuCOIN - scam, tax/fees required for withdrawal.
• DBEX - scam, tax/fees required for withdrawal.
• mobile.tidex-vip1.com - scam, withdrawal of funds requires first deposit/payment of fees.
• BBI Trading - using high salary recruitment to lure new traders to deposit.
• Moneta Markets - client's funds were deducted and account deleted after making profits.
• AsiaPacificBullion - client cannot withdraw funds after making profits.
• Sky Alliance Markets - client can't withdraw funds after making profits.
• V Element Partner - clients were unable to withdraw their funds.
• City Wealth - clients can't withdraw their funds.
• TR forex - scam, clients can't withdraw their funds.
• CEMX - prevent clients from withdrawing funds for various reasons.
Reminder 1: Any trading platform that asks you to pay extra taxes, deposits and other advance payments to withdraw your funds is a scam, beware! Don't pay any fees because scammers only want to scam more money but won't let you withdraw your money.
Reminder 2: When you are choosing a forex broker or other trading platform, be sure to do your due diligence. You can check the trading platform's regulatory license, ratings, customer complaints, customer reputation, risk tips and other information on the FxGecko APP. Avoid trading platforms with low ratings, unregulated, and poor customer reputation.
If you are a victim of a scam, click here to see what to do after being scammed.
Reminder 3: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".
Click here to recognize common investment trading scams to avoid being scammed.
Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.
FxGecko advises that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely to be scams.
You can view broker information and complaint details on FxGecko's website or app, as well as file a complaint against any suspicious trading platform.