Abstract:Protecting the legitimate rights and interests of forex traders is always WikiFX's primary concern. In this article, we will present two new cases to reveal how this broker has been withholding withdrawals from investors.
In the past week, WikiFX has exposed numerous cases of fraudulent activities by BlaFX. These exposures have garnered significant attention and received a tremendous response from a multitude of users and industry professionals. Some investors who have also fallen victim to BlaFX's deceptive practices have chosen to report their experiences to WikiFX. We appreciate the trust these investors have placed in WikiFX.
Protecting the legitimate rights and interests of forex traders is always WikiFX's primary concern. In this article, we will present two new cases to reveal how this broker has been withholding withdrawals from investors.
Case 1
Below is the conversation between the victim and WikiFX, the victim told WikiFX that he cannot withdraw money from this broker just like other victims.
Case 2
This investor was trading on the BlaFX platform at the beginning, and the trading was going well. The deposit, withdrawal, and transfer were working fine as well, but on the 22nd of August the platform stopped the transfer, and withdrawal operations, For reasons that did not call for stopping the withdrawal, they said that there are taxes on the profits that the victim has earned. The investor contacted the support and said that if BlaFX wanted to take taxes on his profits, take it and leave the rest of the money for the investor so that the investor could withdraw it, but this broker did not respond, and from this day till now the investor cant withdraw money anymore, and no one from its customer service has contacted the investor.
Explore this guide we have exposed Investing Capital, which has mounted concerns for traders by disallowing withdrawals and making them lose their hard-earned money.
RBI issued a warning last year against 75 forex brokers. Those brokers are globally popular and regulated in other countries, but they are banned in India. Only few brokers even have physical offices located in India. So, why do global brokers face so many challenges in entering the Indian market?
With multiple regulatory entries and one license now revoked, Aetos stands as a broker requiring closer scrutiny from investors, particularly those prioritizing license scope and jurisdictional compliance.
With no valid license, a questionable registration in Saint Vincent and the Grenadines, and unresolved client complaints, APX Prime presents risks that traders cannot afford to ignore.