Stay Away from BlaFX’s Ponzi Scheme

Blafx is running a campaign and making people fools by swindling their money. The broker is alluring clients by saying they will double their assets and make more profit. But in real, they are swindling clients' money.

Recently, one of the user of Blafx filed a complaint on Wikifx against the particular broker. The user revealed in his complaint about the Ponzi scheme of Blafx. A user invested 900 USD with the broker and gained 80USD. He wrote in his complaint that “I invested in copy trading on the Blafx platform for about 2 months”.The complainant wrote, “They had some campaign where they said they would double the assets so clients get more profit”. The victim claimed that broker simply used false promises to lure investors.

“At the beginning of that campaign, I tried to make a withdrawal for my money, and they said I couldn‘t do it during the campaign.” He added. Even after the campaign was done, he did not withdraw his money. The victim contacted customer support at Blafx, but they asked him to pay 27% of his assets as taxes. The complainant stated, “I told them that I would file complaints on all regulatory bodies and their pages on the internet as well if they didn’t accept my withdrawal in the next 24 hours, and they did nothing.”

Review

When we searched BlaFX on Wikifx, We found it has a very low score of 1.99 out of 10, which is the red flag itself. Also, it marked it as suspended. Therefore, it's risky to trade with it. Wikifx issued a warning below against the broker, stating that This broker has been verified to be a stoppage of business, and it has been listed in WikiX's Stoppage of Business list. Please be aware. We are sharing a Screenshot of with you. Have a look and be Aware.

Wikifx is a platform that can help you in various ways. It provides you with information on forex brokers and their services, allowing you to compare and choose the best one for your needs. Additionally, you can also file a complaint against any broker on this platform. Wikifx is indeed a valuable tool for both novice and experienced traders. Download the Wikifx app on your phone. Here is the link to the download: https://www.wikifx.com/en/download.html