"FxOne Trade is a scam" User Said

On 4 Sep 2023 Wikifx received a complaint against FxTrade one from India. The victim stated that he invested with the broker in May 2023. Complainant alleged that he put all his savings here. He got profit and tries to withdraw funds. The broker does not allow it. He added “They reject my withdrawal request. It is still pending”.

He also shared in his complaint “once when I tried to withdraw all my funds, They asked me to pay the taxes and withdraw money”. The victim stated, “I paid approximately $8 lakh in taxes, But again, they demanded INR 20 lakh more to reset my account and change the password. I think its a scam.”

When we searched for this broker on Wikifx. We found that Fxone Trade has no license. It has a 1.41 score out of 10, which is a red flag. Also, Wikifx issued a warning: low score, please stay away! Wikifx adds it has been verified that this broker currently has no valid regulatory status. Please be aware of the risk!

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