Home -
Exposure -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

Broker Took 10% of User's Profits – New Way to Swindle You? Beware!

WikiFX | 2025-04-28 18:05

Abstract:A concerning new tactic has emerged among some brokers. While withdrawal delays have been a known issue. Now, A victim revealed that the broker is now charging 10% of the user’s profits without clear justification.

20250428-153454.png

A concerning new tactic has emerged among some brokers. While withdrawal delays have been a known issue. Now, A victim revealed that the broker is now charging 10% of the users profits without clear justification.

This raises serious concerns about transparency and fair trading practices. Read the full article to stay informed — and beware of such practices.

Recently, a user of FX Centrum filed a complaint on WikiFX against the broker. He alleged the broker said, “This broker charged me 10% of my earned profits.”

img_v3_02lp_b76f7b4f-d5dd-4e4a-91d7-37056a013d5g.jpg
img_v3_02lp_f15c4b43-8602-4e50-955d-ae2052e9a93g.jpg

The victim also said, “The broker did not return my deposited money. The broker said, I should trade for at least 2 months, and I can withdraw only profits.” The complainant showed the screenshots too.

Broker's Side of the Story: Reply to Victim

In response to the complainant's allegation, the broker stated

“Please ensure you check the withdrawal rules carefully. We are not trying to deceive you; we are simply following the terms and conditions.”

What Does WikiFX Say About the Broker?

When we searched for this broker on WikiFX, we found 14 positive reviews and 4 negative reviews. However, the broker is not fully regulated, and its overall score is only 4.89 out of 10, which is considered low.

img_v3_02lp_d8a6d05a-469a-481a-a855-f79c4298753g.jpg

Warning: Stay Alert and Informed

This should serve as a serious warning to all traders. If a broker is applying unexpected charges or withholding your funds, it may be part of a new tactic to exploit users.

Always do thorough research before investing, and keep yourself updated on the latest trends and alerts in the forex market. Staying informed and vigilant is the best way to protect your funds and avoid falling victim to unethical practices.

SCAMMED? Complaint on WIKIFX! Step-By-Step Guide

img_v3_02lr_8ebc2051-df0b-4f47-9fff-b6434a5ba5dg.jpg

1. Download WikiFX or go to its website.

2. Log in.

3. Browse the home page.

4. On the right-hand, EXPOSURE appears

5. Click on EXPOSURE.

6. Go to the latest exposure.

7. Scroll to the bottom

8. At the end, you'll see the option to file your complaint.

9. There, you can search your broker if you want to file a complaint against

10. You can mention your broker

11. Add a Title related to your scam

12. Write a paragraph about your incident and provide proof

13. Click Release to complete the process

BE VIGILANT

img_v3_02lr_9c072ab4-bf6f-4291-82b5-7cea22cc638g.jpg

Remember to be vigilant in the FX market because of the increasing number of scammers targeting unsuspecting traders. Fraudulent brokers, fake investment schemes, and social media “gurus” often promise unrealistic returns to lure people into scams. Always verify the legitimacy of any platform or individual before investing, and be cautious of unsolicited messages or offers that seem too good to be true. Use regulated brokers, do your research, and never share personal or financial information with unverified sources. Scammers prey on greed and inexperience, so staying alert and informed is your best defense. Protect your funds—stay smart, skeptical, and safe.

Important update for you

We invite you to join our exclusive Telegram group to stay informed about the latest happenings in the Forex market. We do not promote spam. This group is dedicated to sharing the latest Forex updates, insights, contests, and promotions. No unnecessary advice or signals—just real, valuable information to keep you ahead in the market. You can search for WikiFX India on Telegram to join or scan the QR code below to become a member of our group.

image.png

Related broker

Offshore Regulated
FXCentrum
Company name:WTG LTD
Score
4.89
Website:https://www.fxcentrum.com
5-10 years | Regulated in Seychelles | Retail Forex License | Self-developed
Score
4.89

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

WikiFX Broker

FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated
HTFX

HTFX

Regulated
FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated
HTFX

HTFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated
HTFX

HTFX

Regulated
FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated
HTFX

HTFX

Regulated

Latest News

Core inflation rate rose to 2.7% in May, more than expected, Feds preferred gauge shows

WikiFX
2025-06-27 20:35

Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows

WikiFX
2025-06-27 13:35

Stablecoins go mainstream: Why banks and credit card firms are issuing their own crypto tokens

WikiFX
2025-06-28 13:00

The Shame of Being Scammed: Don't Ever Stay Silent

WikiFX
2025-06-27 10:00

Capital.com Launches $1 Million EU Client Insurance to Enhance Investor Safety

WikiFX
2025-06-27 16:07

The five most investment-risky brokers in Malaysia

WikiFX
2025-06-27 16:20

Citibank Sued in $20M Romance Scam Tied to Fraudulent Transfers

WikiFX
2025-06-27 16:36

Treasury yields inch higher as investors await the Fed's preferred inflation print

WikiFX
2025-06-27 10:24

Think Before You Trade! Unlicensed Brokers List Inside

WikiFX
2025-06-27 18:55

5 Reasons to Stay Away from Core Prime Markets

WikiFX
2025-06-27 18:59

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

FTM Brokers

FTM Brokers

Meiji Yasuda

Meiji Yasuda

Ardu Prime

Ardu Prime

Cathay Securities

Cathay Securities

Gdmcgjpme

Gdmcgjpme

WOHLSTAND

WOHLSTAND

Caxton

Caxton

Netotrade

Netotrade

Trustbanc

Trustbanc

Smart Capitals Global

Smart Capitals Global