Home -
Exposure -
Main body -

WikiFX Express

TMGM
Exness
XM
FXTM
EC markets
GTCFX
AVATRADE
FOREX.com
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

ALFX Review 2026: Fast Withdrawals, Easy Deposits—Reality or Hype?

ALFX, a new-age brokerage firm with around two years of service track record, seemed to have recorded around 30 reviews by users worldwide, including those in India. While some question the deposit & withdrawal process based on their poor experience, some appreciate its smooth payment services and impressive spreads. This ALFX review article takes both positive and negative user feedback for the broker. This will allow you to make an informed financial decision.

Original 2026-06-16 22:35

$100 Million Fine, Deposit Delays and Customer Outrage: Is TIGER BROKERS Losing Traders' Trust?

Contemplating trading via Tiger Brokers, a Hong Kong-based forex broker? Be aware that the brokerage firm was recently fined $100 million or more by the Chinese Securities Regulatory Commission (CSRC) for illegal activities. The news broke on June 8, 2026. While we will discuss this incident separately, the brokerage firm is not free from user allegations on issues concerning deposits, withdrawals and customer support service. On most customer service parameters (deposit safety & trading), Tiger Brokers is found to be ranking lower. In this Tiger Brokers review, we have investigated the brokerage firm, its trade offerings, recent regulatory action, a plethora of user allegations, and its regulatory background. Let’s start investigating.

Original 2026-06-15 21:54

WAYONE CAPITAL Review 2026: Trading Complaints on Withdrawal Denials & Platform Glitches

WAYONE CAPITAL, a Saint Lucia-based forex broker, is reportedly facing allegations from users worldwide. Most users allege that the brokerage entity does not comply with fund withdrawal norms and gives petty excuses for not releasing funds on time. Additionally, users have complained about the reflection of the wrong trading account balance while accessing the WAYONE CAPITAL login. If you have faced similar concerns with this broker, you are at the right place! This 2026 WAYONE CAPITAL review article examines user allegations and gives an update on the broker’s regulatory status.

Original 2026-06-11 23:20

Lost Your Capital by Clicking on a Forex Trading Link? This is the Latest Scam Trend!

Newspaper after newspaper, social media platforms after social media platforms, we often come across the term forex trading scam. It’s taking a vicious shape. Unknown profiles constantly jam your phones or social media accounts with luring messages of guaranteed and astonishing returns that you may not have heard of before. So, what many do? They click on the link and get into a dreamy, yet fake world that somehow appears much later. More so, in many cases, after the scam. The case of XPO.ru last year, where users were told to click on a link to start forex trading, led to the siphoning of as much as INR 3,100 crore, leaving affected investors and the authorities puzzling over the incident. While the XPO scam was a massive incident, there has not been a shortage of these incidents. The Internet is flooded with stories concerning forex scams of this nature. In this article, we take a close look at several such scams.

Original 2026-06-11 20:19

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
STARTRADER

STARTRADER

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
Ultima

Ultima

Regulated
STARTRADER

STARTRADER

Regulated

Latest News

Why Real Money Forex Trades Trigger Early Exits

WikiFX
2026-06-15 11:00

RM371,000 in Life Savings Lost After Trusting a Facebook Investment Ad

WikiFX
2026-06-15 17:17

$100 Million Fine, Deposit Delays and Customer Outrage: Is TIGER BROKERS Losing Traders' Trust?

WikiFX
2026-06-15 21:54

Trading the 24-Hour Currency Market on a 9-to-5 Schedule

WikiFX
2026-06-16 12:00

Dollar Slips After Ceasefire Agreement

WikiFX
2026-06-16 12:00

ForexDana Review 2026: Is This Forex Broker Safe?

WikiFX
2026-06-16 12:00

Spotting Trend Reversals: How to Read Hammer and Engulfing Candlesticks

WikiFX
2026-06-16 09:30

Stockity Review 2026: Offshore Regulation, Complaints, and Withdrawal Risk Signals

WikiFX
2026-06-16 13:00

Dollar Slips as Oil Plummets on Ceasefire Agreement

WikiFX
2026-06-16 11:00

Rupee Advances to 94.71 as Dollar Weakens

WikiFX
2026-06-16 11:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

RIVERHEAD

RIVERHEAD

OrbitOptionx

OrbitOptionx

Fortradefx

Fortradefx

APEL INVESTMENTS

APEL INVESTMENTS

METADEFI GLOBAL

METADEFI GLOBAL

Trading Markets

Trading Markets

Meritronfx

Meritronfx

TradeHall

TradeHall

Chilli MARKETS

Chilli MARKETS

SJIVAULT

SJIVAULT