SCFX
Investors report SCFХ as Pig Butchering Scam.
Scammers look for targets through IG (Instagram) and FB (Facebook), and then lure investors to join WhatsApp group chats, claiming 100% no loss of principal as well as 2-4 times the profit, and there are members of the group to post screenshots to prove the success of the transaction, the success of the withdrawal, etc. (bait).
When the investor is hooked and open an account on the SCFX website and make a deposit, the money in the account also rises exponentially, but when it comes to withdrawing the money, the scammer asks for an additional 10% of the platform fee (a means of cheating money).
Note: In investment scams, your target is the false return on investment, while the scammer's target is the real money you put in.
Sage Funds Evolution
Investors report the platform as a scam and are unable to withdraw their funds.
Pocket Option
Not safe. Investors report that funds have disappeared from their accounts, deposits have not arrived, and Pocket Option does not reply or address issues.
Checking the information about the above trading platforms in the FxGecko APP reveals that SCFX is a completely anonymous, unregulated and illegitimate trading platform, while Sage Funds Evolution, Pocket Option do not have a legal and authoritative Forex broker license.
This means that if you trade with such unregulated brokers, your funds and personal information are not safe.
Reminder 1: Any trading platform that asks you to pay fees upfront (such as taxes, deposits, verification fees, channel fees, etc.) to withdraw funds or unfreeze your account is a scam.
Don't pay any fees because scammers just want to scam you for more money and then disappear.
Reminder 2: 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".
If you've been scammed, your best option is to gather evidence and report it to your local police and law enforcement as soon as possible.
In the meantime, you can also file a complaint on the FxGecko website or app, where staff will further expose the scam to alert others not to be scammed.
You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams.
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.
