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

Spec Trading Blocks Withdrawals on Big Profits

Spec Trading blocks profit withdrawals and traps funds. Victims face denied payouts—avoid Spec FX, read reviews, protect money now!

Original 2026-02-23 18:31

GFS Review: Reported Allegations of Fund Scams & Withdrawal Denials

Received a withdrawal notification from GFS, but the amount could not be credited to your wallet despite numerous follow-ups with the Australia-based forex broker? Did you witness massive slippage in your stop-loss settings or pay high transaction fees charged by the broker? Did the broker delete and deactivate your trading account without any explanation? The Internet is flooded with negative GFS reviews for these and many more alleged trading activities by the broker. Let’s begin examining all of these in this article.

Original 2026-02-23 18:04

Multibank Group UAE & Azerbaijan Scam Case – LATEST

Multibank Group forex scam cases reveal denied $70K+ withdrawals in the UAE & Azerbaijan. Stay alert with the WikiFX App and avoid risky forex brokers.

Original 2026-02-23 18:03

Ingot Broker Victims: $3K/$3200 Profits Stolen LATEST

Ingot Broker scam alert: Kenya victim lost $3K profit ($600 dep); Pakistan $3,200→$179 ($250 dep); HK halted post-2018. Avoid fraud—check WikiFX cases now!

Original 2026-02-23 17:44

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
EBC

EBC

Regulated
ACCM

ACCM

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
EBC

EBC

Regulated
ACCM

ACCM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
EBC

EBC

Regulated
ACCM

ACCM

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
EBC

EBC

Regulated
ACCM

ACCM

Regulated

Latest News

Kudotrade Review 2026: Is this Forex Broker Legit or a Scam?

WikiFX
2026-02-22 13:00

BitPania Review 2026: Is this Broker Safe?

WikiFX
2026-02-22 14:00

GFS Review: Reported Allegations of Fund Scams & Withdrawal Denials

WikiFX
2026-02-23 18:04

XTB Analysis Report

WikiFX
2026-02-23 13:28

Is EXTREDE Regulated? A 2026 Investigation into Warning Signs and Licensing Claims

WikiFX
2026-02-23 14:26

Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union

WikiFX
2026-02-23 18:45

What Causes Stagflation?

WikiFX
2026-02-23 23:25

EU Says Trump's Tariff Workaround Violates Trade Deal

WikiFX
2026-02-24 01:17

ALPEX TRADING Review 2025: Is This Forex Broker Safe?

WikiFX
2026-02-22 15:00

VAHA Detailed Analysis

WikiFX
2026-02-23 14:10

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

MJK-ahs

MJK-ahs

IFC

IFC

KoinFX Trade

KoinFX Trade

G. H. Financials

G. H. Financials

eFX markets

eFX markets

Phillip Capital

Phillip Capital

iq option

iq option

Akita

Akita

GE GROUP

GE GROUP

BelightFx

BelightFx