Home -
Exposure -
Main body -

WikiFX Express

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

Not Regulated
WEBX TRADER
Company name:webx solution (SV) Ltd and WEBX SOLUTION ltd
Score
1.48
2-5 years | Questionable Regulatory License | Self-developed | Suspicious Operational Region
Score
1.48

Read more

Dollars Markets Exposure: Traders Report Account Disablement and Unfair Profit Deductions

Is your Dollars Markets trading account disabled by the broker without any reason? Did the broker allegedly wipe out profits made on the trading platform? Did the broker even seize your principal investment? Did you fail to receive your funds into your bank account even after successful Dollars Markets withdrawal application approval? These user allegations have become increasingly intense on broker review platforms, such as WikiFX, a renowned forex broker regulation inquiry tool. We have examined these allegations in this Dollars Markets review article. Additionally, the article sheds light on the regulatory oversight for the brokerage firm.

Original 2026-05-18 22:17

octa review 2026: Reported Legitimate Profit Wipeouts & Withdrawal Delays

octa, a Cyprus-based forex enterprise, has been troubled by a spate of negative user comments concerning withdrawals and slippage. While examining octa withdrawal cases, we found some user complaints talking about legitimate profit removal even after an extensive review by the broker for a long time. Such cases can understandably frustrate traders who apply several effective strategies to earn profits in a fast-moving trading landscape. In this octa review article, we have examined a host of user allegations against the brokerage firm as of 2026.

Original 2026-05-18 20:35

FXNX Review: Top Fund Withdrawal Complaints Reported

FXNX, a Saint Lucia-based forex broker, is facing numerous complaints from users regarding fund withdrawals. Some users have complained of withdrawal delays despite their account being fully verified. The exposure report for the brokerage entity has been recent, with some complaints being as latest as April 2026. As complaints piled up, we created an extensive FXNX review, focusing on user reviews, regulatory oversight, and what the trading enterprise offers to traders worldwide.

Original 2026-05-16 19:34

FX LIVE CAPITAL Review: Top Deposit & Withdrawal Complaints Examined

Were you denied from withdrawing funds despite a successful KYC verification by FX LIVE CAPITAL, a Saint Lucia-based forex broker? Did the brokerage firm disable your trading account in the name of false latency trading? Did you even fail to recover your initial deposit amount? This article is for you! Many traders have accused the broker of these activities on review platforms such as WikiFX. While preparing the FX LIVE CAPITAL review article, we examined user allegations while sharing a regulatory overview of the company.

Original 2026-05-15 22:11

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
D prime

D prime

Regulated
EC markets

EC markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
D prime

D prime

Regulated
EC markets

EC markets

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
D prime

D prime

Regulated
EC markets

EC markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
D prime

D prime

Regulated
EC markets

EC markets

Regulated

Latest News

OANDA Japan to End Browser-Based MT4 and MT5 Access in May

WikiFX
2026-05-18 10:00

Fake Trading App Costing Woman Over RM288,000 After Scam Originated on Chinese Social Media Platform

WikiFX
2026-05-18 11:43

Malaysia Records RM2.77 Billion in Online Scam Losses as Investment Fraud Surges

WikiFX
2026-05-18 12:09

Where Does Your Forex Trade Go? The Reality of OTC Markets

WikiFX
2026-05-18 14:00

TradeEU Review: Regulated Broker, Severe Withdrawal Complaints Exposed

WikiFX
2026-05-18 14:00

FG Morgan Review 2026: Unregulated Status and Critical Risk Signals

WikiFX
2026-05-18 14:00

How to Choose Between Short-Term and Swing Trading Before You Open a Forex Account

WikiFX
2026-05-18 00:00

Oil Surges Beside Rising Treasury Yields

WikiFX
2026-05-18 14:00

Kevin Warsh to be sworn in as Federal Reserve chair on Friday

WikiFX
2026-05-19 00:52

FAST TRADEFX Review 2026: Official Warnings and Severe Risk Signals

WikiFX
2026-05-19 12:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

JD Trader

JD Trader

META HORIZON EXCHANGE

META HORIZON EXCHANGE

Senvix

Senvix

Wealth GAF

Wealth GAF

Cronika

Cronika

Forex Bz

Forex Bz

Second Wealth Trade

Second Wealth Trade

XANDRCAPITAL

XANDRCAPITAL

GLOBAL TRUST X

GLOBAL TRUST X

ZENITHGOFIRM

ZENITHGOFIRM