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

Cabana Capital Review: Traders Report Withdrawal Issues & Account Blocks

Cabana Capital, a Saint Vincent and the Grenadines-based forex broker, has grabbed headlines for negative reasons. These include numerous complaints traders have made over withdrawal denials/delays and account blocks upon repeated attempts to contact the broker. These alleged trading activities have inevitably frustrated traders who have rightly criticized the broker online. In this Cabana Capital review article, we have mentioned a growing list of complaints against the forex broker. Keep reading!

Original 2026-01-27 21:35

GLOBAL GOLD & CURRENCY CORPORATION Exposure: User Complaints on Heavy Slippage & Spreads

Did you face massive slippage on the GLOBAL GOLD & CURRENCY CORPORATION trading platform and the subsequent reduction in profits? Did the broker apply a stop-loss when you were in profit? Does the high spread only add to your trading losses? Has the broker blocked your trading account and run away with your funds? You are not alone! Many traders have highlighted their painful trading experiences with the Saint Lucia-based forex broker. In this GLOBAL GOLD & CURRENCY CORPORATION review article, we have explained some of them. Read on!

Original 2026-01-27 20:32

Vida Markets Review: Are Traders Facing Fund Scams & Heavy Price Manipulation?

Have you witnessed illegitimate profit cancellation by Vida Markets, an Anguilla-based forex broker? Did you encounter trading losses due to inappropriate automatic stops by the broker? Were your trades closed minutes after the price changed in your favor? Did your forex trading account get blocked despite submitting the required KYC documents? Failed to get your deposit reflected in your account? These are more than just issues; they are alleged forex scams that have hit many traders. Some of them have highlighted these bad experiences while sharing the Vida Markets review. In this article, we have shared some of them. Keep reading!

Original 2026-01-27 19:24

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

If you're wondering "Is LTI legit?" or worried about a possible "LTI scam," you're asking smart questions. Being careful is the most important skill a trader can have. To save your time, we will give you our answer right away: after carefully checking its legal status, company information, and how it operates, London Trading Index (LTI) shows serious warning signs that any potential trader needs to know about. The dangers are real and well-documented. This article won't be based on opinions. We'll show you the proof step by step, focusing on facts you can check yourself. We'll examine official warnings, look at the broker's information, and study its trading rules. By the end, you'll have a clear picture based on evidence, helping you make a smart and safe choice for your capital.

Original 2026-01-27 19:13

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
Exness

Exness

Regulated
IC Markets Global

IC Markets Global

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
Exness

Exness

Regulated
IC Markets Global

IC Markets Global

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
Exness

Exness

Regulated
IC Markets Global

IC Markets Global

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
Exness

Exness

Regulated
IC Markets Global

IC Markets Global

Regulated

Latest News

Gold Breaches $5,100 as 'De-Dollarization' and Tariff Wars Crush the Greenback

WikiFX
2026-01-27 17:10

Market Perception: 'SA Inc' Under Review

WikiFX
2026-01-27 16:40

Gold Breaches $5,100 as 'De-Dollarization' and Tariff Wars Crush the Greenback

WikiFX
2026-01-27 17:10

APAC Outlook: 'Takaichi Trade' Returns to Tokyo; RBA Hike Bets Propel Aussie Dollar

WikiFX
2026-01-27 17:30

Dollar Index Falters Near 97.00 as Washington Dysfunction Overshadows Economic Data

WikiFX
2026-01-27 17:00

Geopolitical Risk Premium Rising: Russia Warns on Arms Treaty as Trump Pushes Ukraine Land Deal

WikiFX
2026-01-27 18:00

Gold Breaches $5,100 as 'De-Dollarization' and Tariff Wars Crush the Greenback

WikiFX
2026-01-27 17:10

Market Perception: 'SA Inc' Under Review

WikiFX
2026-01-27 16:40

Geopolitical Risk Premium Rising: Russia Warns on Arms Treaty as Trump Pushes Ukraine Land Deal

WikiFX
2026-01-27 18:00

APAC Outlook: 'Takaichi Trade' Returns to Tokyo; RBA Hike Bets Propel Aussie Dollar

WikiFX
2026-01-27 17:30

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Zonders

Zonders

Endlessfxautomation

Endlessfxautomation

GOLDEN DAY PROFIT LIMITED

GOLDEN DAY PROFIT LIMITED

 Aviso Wealth

Aviso Wealth

HAMILTON

HAMILTON

Sifang

Sifang

TrustFX

TrustFX

ArgusFX

ArgusFX

EIGENFX

EIGENFX

Tribely

Tribely