Home -
Exposure -
Main body -

WikiFX Express

Exness
XM
EC Markets
TMGM
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
1.45
2-5 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.45

Read more

How to Become a Profitable Forex Trader in Pakistan in 2025

​If you want to enter the forex market in Pakistan and achieve success, earning consistent profits and excelling in trading, then you should check out this “How to Become a Profitable Forex Trader in Pakistan in 2025” article. You will wonder why you need to do this? The answer is simple: this article covers all the essential topics such as Forex Trading in Pakistan, and ways to learn Forex Trading in Pakistan, even if you are a native speaker and want to learn forex trading in Urdu. This article talks about that too. So, if you want to succeed in the forex market in 2025, read this article sincerely.

Original 2025-11-26 20:15

BitDelta Pro Review: Unregulated or Legit Broker?

BitDelta Pro Review: No valid regulation, risky spreads, and hidden broker issues. Traders should proceed with caution.

Original 2025-11-26 20:02

Alpha FX Allegations: Traders Claim Account Blocks, Withdrawal Denials and Security Breaches

Is trading with Alpha FX fraught with too many errors and scams? Have you seen your forex trading account blocked after requesting fund withdrawals with the broker? Invested a heavy amount, but finding it hard to withdraw the sum? Have you seen domain changes while attempting an Alpha FX login? These issues have become typical for Alpha FX traders, with many of them sharing their frustration online. In this Alpha FX review guide, we have shared some trading complaints against the UK-based forex broker. Read on!

Original 2025-11-26 19:33

In-Depth Review of MH Markets Trading Conditions and Leverage – An Analysis for Experienced Traders

For experienced traders, selecting a broker is a meticulous process that extends far beyond marketing claims and bonus offers. It involves a granular analysis of the core trading environment: the quality of execution, the flexibility of leverage, the integrity of the regulatory framework, and the suitability of the conditions for one's specific strategy. MH Markets, a broker with a 5-10 year operational history, presents a complex and multifaceted profile that warrants such a detailed examination. This in-depth review dissects the MH Markets trading conditions and leverage, using primary data from the global broker inquiry app, WikiFX, to provide a clear, data-driven perspective. We will analyze the broker's execution environment, account structures, and regulatory standing to determine which types of traders might find its offering compelling and what critical risks they must consider.

Original 2025-11-26 18:19

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
BCR

BCR

Regulated
Blueberry Markets

Blueberry Markets

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
BCR

BCR

Regulated
Blueberry Markets

Blueberry Markets

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
TMGM

TMGM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
BCR

BCR

Regulated
Blueberry Markets

Blueberry Markets

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
BCR

BCR

Regulated
Blueberry Markets

Blueberry Markets

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
TMGM

TMGM

Regulated

Latest News

The 350 Per Cent Promise That Cost Her RM604,000

WikiFX
2025-11-25 14:41

In-Depth Uniglobe Markets Commission Fees and Spreads Analysis – What Traders Should Really Know

WikiFX
2025-11-24 18:44

WikiFX's New Evaluation of ATM Capital LTD: Does its License Protect the Arab Investor?

WikiFX
2025-11-24 11:29

Is Axi Legit? A Data-Driven Analysis of Its Regulatory Standing and Trader Feedback

WikiFX
2025-11-24 15:53

How a Fake Moomoo Ad Led to the “New Dream Voyage 5” Scam

WikiFX
2025-11-24 15:50

FXPesa Review: Are Traders Facing High Slippage, Fund Losses & Withdrawal Denials?

WikiFX
2025-11-24 18:22

Trive Investigation: High Score, Hidden Risk - The Profit Paradox

WikiFX
2025-11-24 17:30

CMC Markets Australia Revenue Surges 34%, But High-Net-Worth Clients Face Tax Phishing Threat

WikiFX
2025-11-25 00:47

"Just 9 More Lots": Inside the Endless Withdrawal Loop at Grand Capital

WikiFX
2025-11-25 16:24

GCash Rolls Out Virtual US Account to Cut Forex Fees for Filipinos

WikiFX
2025-11-25 16:36

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

BLOSSUM FINANCE

BLOSSUM FINANCE

TRUST CLIMB HOLDINGS

TRUST CLIMB HOLDINGS

Western Strategy Investment Limited

Western Strategy Investment Limited

NOVA MARKETS

NOVA MARKETS

ASSET EDGE

ASSET EDGE

OKX

OKX

ALPHA PRO COINBOT

ALPHA PRO COINBOT

Nex Pip Vault

Nex Pip Vault

DIGIBYTE FX

DIGIBYTE FX

FINTRIXTECH

FINTRIXTECH