Saga of Investor's Loss! Beware

“The funds that I deposited in the CVC Globals demat account and the amount that I gave to them for the service IS ALL OVER END” User wrote in his complaint which he filed on WikiFX recently against CVC Globals.

The complainant is from India. He said he was attached to CVC Global through WhatsApp. He stated that he was impressed by CVC Globals ads, offers, and per-day profits. The representative of the broker told him he could also do trading with ALGO Trading and make a good profit per day. He said they lured him by saying there would be no big loss and a confirmed profit.

“Ultimately they activated my ALGO trading and I paid 576$ on 31-Oct-2023 in the CVC Globals Demat account and again paid 148$ in Google Pay for service. Total 724$ (60,000/-INR) then I trusted them & withdrew all this money from my SBI Credit cards from India. I saw some profit in the beginning but on 03-Nov-2023 suddenly I made a BIG LOSS of 576$ and my whole account became ZERO.”Victim wrote.

When he connects to the broker's customer service, they want him to deposit additional money. The broker also informed him that the market had dropped dramatically and that there was nothing we could do about it. “Now the funds that I deposited in the CVC Globals demat account and the amount that I gave to them for the service are all over.” . The complaint added.

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