Home -
Exposure -
Main body -

WikiFX Express

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

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
1.46
2-5 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.46

Read more

24option Review: Is it Legit or a Scam? Find Out in This In-depth Investigation

Contemplating 24option as your forex trading companion? Want to explore its trading platforms? We appreciate your interest! But how about knowing the Hong Kong-based forex broker and its different aspects, such as withdrawals and deposits. More specifically, if we have to say, what’s the feedback of traders concerning 24option? Are they happy trading with the broker? From a healthy collection of over 200 reviews, the broker is found to be a SCAM! Many traders have expressed concerns over the illegitimate trading approach adopted by the broker. In the 24option review article, we have explored many complaints against the broker.

Original 2026-01-15 21:15

FXNovus Review: Traders Report Fund Scams & Illegitimate Tax Payment Demands on Withdrawals

Did your forex trading experience with FXNovus become bad after a short profitable spell on small trades? Did you make tax payments on your failed withdrawal request, as the funds did not arrive? Did the customer support team fail to return your hard-earned profits on the FXNovus trading platform? Feel that the South Africa-based forex broker debited illegitimate fees from your trading account? You are not alone! Many traders have voiced these trading concerns while sharing the FXNovus review. In this article, we have highlighted these concerns in greater detail. Read on!

Original 2026-01-15 18:13

Capital.com Expands into Kenya with Local Licence

Capital.com secures a Kenyan CMA licence and appoints Samwel Kiraka as CEO, marking a major step in its Africa expansion strategy.

Original 2026-01-15 17:23

Labuan Forex Scam Costs Investors RM104 Million | Authorities Pressed to Act

Nearly 400 investors have urged the Labuan FSA to take stricter measures against a company accused of running an illegal forex trading scheme, which has reportedly caused losses exceeding RM104 million.

Original 2026-01-15 17:21

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
EC markets

EC markets

Regulated
FOREX.com

FOREX.com

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
EC markets

EC markets

Regulated
FOREX.com

FOREX.com

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
EC markets

EC markets

Regulated
FOREX.com

FOREX.com

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
EC markets

EC markets

Regulated
FOREX.com

FOREX.com

Regulated

Latest News

Labuan Forex Scam Costs Investors RM104 Million | Authorities Pressed to Act

WikiFX
2026-01-15 17:21

TopWealth Trading User Reviews: A Complete Look at Real Feedback and Warning Signs

WikiFX
2026-01-14 18:41

Commodities Focus: Gold Pulls Back & Silver targets Retail Traders

WikiFX
2026-01-14 13:20

Fed Holds Firm: January Rate Cut Hopes Fade Despite Cooling CPI

WikiFX
2026-01-14 13:00

Forex 101: Welcome to the $7.5 Trillion Beast

WikiFX
2026-01-14 10:33

Oil Surge: WTI Reclaims $60 as Middle East Tensions Override Venezuela Deadlock

WikiFX
2026-01-14 14:10

HFM Analysis Report

WikiFX
2026-01-14 18:04

Headway Analysis Report

WikiFX
2026-01-14 18:13

ThinkMarkets Regulation: Safe Trading or Risky Broker?

WikiFX
2026-01-14 17:48

ehamarkets Review 2026: Regulation, Score and Reliability

WikiFX
2026-01-14 14:03

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

PLGFX

PLGFX

EXBANK

EXBANK

ForexCT

ForexCT

OTT TRADING

OTT TRADING

YTGJQH

YTGJQH

Atanur

Atanur

Arge Houman Brokerage CO.

Arge Houman Brokerage CO.

OasisTrade

OasisTrade

IBH

IBH

Park Money

Park Money