Home -
Exposure -
Main body -

WikiFX Express

Exness
XM
TMGM
EC markets
AVATRADE
FXTM
FOREX.com
IC Markets Global
FXCM
D prime

WEBX TRADER: A Deceptive Broker Leaves Trader Stranded with $235,000 Loss

WikiFX | 2024-08-12 16:12

Abstract:A young trader from India has fallen victim to the deceitful practices of the broker WEBX TRADER. The victim, Daraman, aged 27, trusted the broker with a significant investment of $30,000, only to be left in a devastating situation where his attempts to withdraw his substantial profits were met with silence.

img_v3_02dm_63662cb2-209c-4761-b75b-21c314b6752g.jpg

A young trader from India has fallen victim to the deceitful practices of the broker WEBX TRADER. The victim, Daraman, aged 27, trusted the broker with a significant investment of $30,000, only to be left in a devastating situation where his attempts to withdraw his substantial profits were met with silence.

The Case

Daraman's ordeal began when a friend convinced him to start trading with WEBX TRADER. Like many others who venture into the forex market, he was drawn by the potential for financial gain. Initially, everything seemed promising—after depositing $30,000, Daraman made a few trades and decided to test the withdrawal process by requesting $1,000. To his relief, the withdrawal was successful, reinforcing his belief that he had found a trustworthy broker.

Encouraged by this initial experience, Daraman continued trading without making any further withdrawals. His trading journey was seemingly successful, with his account balance growing to an impressive $235,000. However, when he finally attempted to withdraw his profits, the situation took a dark turn. Despite repeated efforts to contact the brokers customer service, Daraman was met with excuses and delays. He was told that his account manager was unavailable, and soon after, the broker cut off all communication with him.

image.png
image.png
image.png
image.png
image.png

Desperate for help, Daraman reached out to WikiFX, a platform dedicated to exposing fraudulent brokers and protecting the legitimate rights and interests of forex traders. WikiFX took up his case, exposing WEBX TRADER's fraudulent activities to the public to serve as a stark warning to other traders.

WikiFX's primary concern has always been the protection of traders, and this case is no exception. The platform urges all traders to be vigilant and to thoroughly research any broker before investing their hard-earned money. What happened to Daraman could happen to anyone, and it serves as a powerful reminder of the potential dangers lurking in the forex market.

image.png

A Call for Vigilance

This case highlights the importance of due diligence when selecting a broker. Traders must be wary of brokers that seem too good to be true, as these often turn out to be traps designed to exploit their trust and investments. It's crucial to verify a broker's regulatory status, customer reviews, and overall reputation before committing any funds.

In conclusion, the tragic case of Daraman is a stark reminder to all traders to stay vigilant and to never place blind trust in any broker, regardless of initial positive experiences. As the forex market continues to grow, so too do the risks.

img_v3_02dj_6b7ddf2f-dce8-4504-87c1-642255897cbg.jpg
Forex tradingForex BrokerForex Analysis

Related broker

No Regulation
WEBX TRADER
Company name:webx solution (SV) Ltd and WEBX SOLUTION ltd
Score
1.47
2-5 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.47

Read more

Zacks Trade Exposure: Examining Account Opening Glitches and Withdrawal Issues

Is withdrawal denial becoming a constant cause of worry for you at Zacks Trade? Despite multiple attempts, including contacting the customer support official, have you failed to receive access to your funds? Dealt with capital losses because of deliberate trade manipulation by the United States-based broker? Many traders have reportedly faced similar issues. A few of them made their displeasure known to all by writing negative Zacks Trade reviews. In this article, we have revealed all these. Read on to find the exposure claims.

Original 2026-03-20 20:12

Moneta Markets Regulatory Status: A Complete Guide to Its Licenses and Company Structure

When choosing a broker, the most important thing for any trader is making sure the company follows proper rules and regulations. This helps protect your capital, ensure fair treatment, and give you options if problems arise. We know that checking a broker's regulatory status can be confusing. That's why we're giving you a detailed, fact-based review of Moneta Markets. The simple answer is that Moneta Markets works through multiple companies in different countries. This means the brand has licenses from various places around the world, including top-level regulators such as the UK's FCA and regional ones like South Africa's FSCA. However, it also includes offshore companies, which come with different risks. This article will explain each license, examine the companies behind the Moneta Markets brand, and analyze exactly what this regulatory setup means for you as a trader. We'll base our review on public regulatory information and real user experiences to give you a clear and honest pi

Original 2026-03-20 18:00

MONETA MARKETS Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?

When checking out a forex broker, traders often deal with lots of mixed information. Moneta Markets is a perfect example of this problem. On one side, it shows itself as a well-established, regulated broker with good trading conditions that bring in thousands of clients. On the other side, the internet is full of serious scam allegations, especially about holding back people's capital. This creates an important question for any future trader: is Moneta Markets a legitimate partner or a clever trap? This investigation wants to cut through all the confusion. We will not give you a simple "yes" or "no" answer. Instead, we will do a balanced and fact-based analysis to help you make a smart decision. We will break down the clear signs of its legitimacy, look closely at the specific details of negative complaints, and compare this conflicting evidence. Our analysis is based on facts you can check, including the broker's official regulatory status, real-world operational checks, and a deep l

Original 2026-03-20 15:35

JustForex Review: Examining Complaints of Frozen Withdrawals and Chart Manipulations

Have you witnessed a withdrawal freeze by JustForex, a Seychelles-based forex broker? Did you face wallet issues while trading with the broker? Failing to access either your deposit or profit amount despite completing the verification process? Facing capital losses due to the manipulated charts on the trading platform? You are not alone! These alleged issues have surfaced on broker review platforms. In this JustForex review article, we have examined these issues faced by traders. Keep reading!

Original 2026-03-19 21:58

WikiFX Express

Exness
XM
TMGM
EC markets
AVATRADE
FXTM
FOREX.com
IC Markets Global
FXCM
D prime

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ACCM

ACCM

Regulated
CPT Markets

CPT Markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ACCM

ACCM

Regulated
CPT Markets

CPT Markets

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ACCM

ACCM

Regulated
CPT Markets

CPT Markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
ACCM

ACCM

Regulated
CPT Markets

CPT Markets

Regulated

Latest News

NVIDIA Faces Growth Limits: The Challenge of the Law of Large Numbers

WikiFX
2026-03-20 14:38

Moneta Markets Regulatory Status: A Complete Guide to Its Licenses and Company Structure

WikiFX
2026-03-20 18:00

Binomo Review: Safety, Regulation & Forex Trading Details

WikiFX
2026-03-20 15:07

MONETA MARKETS Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?

WikiFX
2026-03-20 15:35

M4Markets Review 2026: A Simple Guide to Its Rules, Costs, and Customer Problems

WikiFX
2026-03-21 13:03

Elizabeth Warren demands answers on costs, economic impact of 'illegal and reckless war'

WikiFX
2026-03-20 23:20

Zacks Trade Exposure: Examining Account Opening Glitches and Withdrawal Issues

WikiFX
2026-03-20 20:12

Belgium’s FSMA Warns of a New Wave of Fraudulent Trading Platforms

WikiFX
2026-03-20 10:03

UK Regulator Tightens Incident Reporting Rules for CFD Brokers and Other Financial Firms

WikiFX
2026-03-20 10:32

Mazi Finance Deposit and Withdrawal Methods: A Complete 2026 Guide

WikiFX
2026-03-20 13:45

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Zonelinesvantop Group Limited

Zonelinesvantop Group Limited

Ons Forex

Ons Forex

Desjardins

Desjardins

KENKE CAPITAL

KENKE CAPITAL

Fxtradeindex

Fxtradeindex

Matrix Banco

Matrix Banco

Medco Finance Limited

Medco Finance Limited

Lifesecuredtrades

Lifesecuredtrades

MJK-ahs

MJK-ahs

IFC

IFC