"You can withdraw $100, but not $100,000." VICTORIA CAPITAL shows its true colors yet again.

WikiFX | 2023-01-16 17:31

Abstract：VICTORIA CAPITAL is an online forex broker registered in Australia. It was newly established. Recently, this broker caught our attention because one trader exposed to WikiFX said that this broker did not allow him to withdraw. It is not the first time we have received complaints against this broker. In this article, we will expose this case to you in detail based on the evidence provided by the victim.

About VICTORIA CAPITAL

VICTORIA CAPITAL is an online forex broker registered in Australia. WikiFX has received a lot of complaints against this broker recently. In addition, we find this broker is not regulated and WikiFX has given this broker a low rating of 1.39/10. Please note that investing in an unregulated broker with a low WikiFX score is pretty dangerous for your fund safety.

(VICTORIA CAPITAL)

Description of the case in brief

On trader, Kevin claimed that he has deposited almost 150K dollars into Victoria Capital. He withdraw twice, the first time he withdraws only $100 from Victoria Capital and it went through successfully. The second time, he tried to withdraw $100,000. However, this broker rejected the request and even asked for tax and channel fees.

Evidence gathered from the victim

A guy called Angela Smith on Instagram contacted the trader and lured him to trade forex with Victoria Capital. Angela Smith told the trader that she(he) won a lot when trading forex. See below.

However, when the trade started the trade, he met a serious slippage.

After that, this broker sent an email to Kevin, claiming that it was under maintenance.

When Kevin ask for a withdrawal, this broker rejected the request and asked him to pay a 3.8% tax and channel fee of 2% of his total balance.

At that moment, the trader found out that the website of VICTORIA CAPITAL is not available. But this broker insisted to asked the trader to pay the fee first. VICTORIA CAPITAL claimed that Kevin must pay the channel fee of more than 20,000 US dollars before he can log in to his account.

According to our investigation, this brokers original name is Rui win, it changed Rui win to VICTORIA CAPITAL not long ago. We do not know the reason why this broker changed its name, but we know that many scam brokers like to change their names in order to cover their disreputable behavior. In addition, we can see that this broker also used a name called “Sophie Capital”. Scam brokers like to change their names often so that they can keep doing their dirty work.

Conclusion

It is not the first time we expose this broker to the public, if you are interested, you can check this link for more information about this broker. https://www.wikifx.com/en/newsdetail/202211231434177449.html

Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. WikiFX exposed this case to the public to remind all traders of the potential risks. After all, what happened to Kevin could happen to any of us. All traders should be vigilant when investing in a broker.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!

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Related broker

Not Regulated

VICTORIA CAPITAL

Company name：VICTORIA CAPITAL FINANCIAL TRADING PTY LTD

Score

1.46

Website：https://www.victoriatradingltd.com/page2

2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.46

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