Home -
Exposure -
Main body -

WikiFX Express

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

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

Effective Stop Loss Trading Strategies

In a forex market where fundamental and technical factors impact the currency pair prices, volatility is expected. If the price volatility acts against the speculation made by traders, it can result in significant losses for them. This is where a stop-loss order comes to their rescue. It is one of the vital investment risk management tools that traders can use to limit potential downside as markets get volatile. Read on as we share its definition and several strategies you should consider to remain calm even as markets go crazy.

Original 2026-02-20 21:05

1Prime options Review: Examining Fund Scam & Trade Manipulation Allegations

Did you find trading with 1Prime options fraudulent? Were your funds scammed while trading on the broker’s platform? Did you witness unfair spreads and non-transparent fees on the platform? Was your forex trading account blocked by the broker despite successful verification? These are some issues that make the traders’ experience not-so memorable. In this 1Prime options review article, we have investigated the broker in light of several complaints. Keep reading!

Original 2026-02-20 20:02

EXTREDE Review (2026): A Complete Look at the Serious Warning Signs

This EXTREDE Review serves an important purpose: to examine the big differences between what the broker advertises and what we can actually prove. For any trader thinking about using this platform, the main question is about safety and whether it's legitimate. We will give you a clear answer right away. Our independent research, backed up by third-party information, shows that EXTREDE operates without proper regulation, creating a high-risk situation for all investors. The main focus of this investigation is the absolutely important need to check a broker's claims before investing. A broker's website is a marketing tool; it cannot replace doing your own research. The information that EXTREDE presents contains contradictions that every potential user must know about. A quick way to see these warnings gathered together is by checking the broker's live profile on verification platforms. For example, the EXTREDE page on WikiFX brings together regulatory status, user feedback and expert ri

Original 2026-02-20 18:22

Eurotrader Review: Safe Broker or Risky Choice?

Eurotrader is regulated by CYSEC & FSCA, offering MT4/5 with forex and CFDs. Safe broker or risky choice? Review facts and decide now via the WikiFX App.

Original 2026-02-20 17:42

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
CPT Markets

CPT Markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
CPT Markets

CPT Markets

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
CPT Markets

CPT Markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
CPT Markets

CPT Markets

Regulated

Latest News

You Keep Blowing Accounts Because Nobody Taught You This

WikiFX
2026-02-20 12:58

HTFX Review: Safety, Regulation & Forex Trading Details

WikiFX
2026-02-20 13:00

Promised 30% Returns, Lost RM630,000 Instead

WikiFX
2026-02-20 13:09

MultiBank Group Analysis Report

WikiFX
2026-02-19 13:10

Pepperstone Analysis Report

WikiFX
2026-02-19 14:09

TradingPro: Regulation, Licences and WikiScore Analysis

WikiFX
2026-02-19 11:21

NEWTON GLOBAL Legitimacy Check (Addressing fears: Is This a Fake or a Legitimate Trading Partner?)

WikiFX
2026-02-19 15:45

Weltrade Review: Safety, Regulation & Forex Trading Details

WikiFX
2026-02-19 15:00

SPREADEX Review: Reliable Broker Check

WikiFX
2026-02-19 16:44

U.S. trade deficit totaled $901 billion in 2025, barely budging despite Trump's tariffs

WikiFX
2026-02-19 22:43

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Stockfish FX Limited

Stockfish FX Limited

Morning Sky Forex

Morning Sky Forex

Able World

Able World

Karen International

Karen International

TEMO

TEMO

BKG

BKG

TANDEM

TANDEM

TIGER

TIGER

MagKing

MagKing

MYfintec

MYfintec