Top 10 Forex Brokers with Most Complaints in December

The number of complaints against Forex Broker didnt decrease in December.

Especially, the case that Investor lost money due to the malicious instruction of broker were quite common. It is advised that investors should know more about forex trade by evaluating risk in advance and be careful with investment.

If necessary, investors can lodge a complaint or disclosure by “Exposure” of WikiFX when encountering illegal problems.

What's “Exposure” of WikiFX？

WikiFX's “Exposure” is created to lodge a complaint or exposure by investors, who can post messages by “Exposure” to complain, confronted with brokers' problems during trading.

And they also can cancel the posts freely, when problems are solved.

This month, the complaints mainly focus on:

1. Broker refused or delayed investors withdrawal.

2. Broker had the problems of serious slippage and trade delay.

3. Investor didnt receive the money after submitting withdrawal.

4. Only principal was available for withdrawal when investor made profit.

5. Investor lost money due to the malicious instruction of broker.

6. Broker shut down its official website.

7. Customer service staff was out of contact.

8. Broker arbitrarily shut down or canceled investors account, and cleared the account balance.

WikiFX warns that investors should be alert to the brokers with complaints before investing.

Following is the chart, top 10 brokers with most complaints in December, released by WikiFX, being reference for investors to invest.

Top 10 brokers with most complaints in December:

• Pepperstone

• Tickmill

• FMO

• WWM

• XM

• JINRONG

• MC

• CF

• TFY

• Prestige

From the chart, we can see that FMO, MC, CFand Prestige are still on it. And FMO was exposed in the article, Exposure: Was FMOs Staff Arrested？ And Now Investor Can't Withdraw Money, released by WikiFX.

Accordingly, it is suggested that investors should be alert to these brokers and stay away from FMO as soon as possible.

It is worth noting that with the risk control index being 0.00 Pepperstone ranks the first this month with the most complaints.

Therefore, investors should pay attention to various data of brokers when checking their information to steer clear of risks.

　　Screenshot of Pepperstone interface from WikiFX

　　Screenshot of Pepperstone interface from WikiFX

Conclusio

WikiFX reminds that before selecting brokers investor should be alert to those with complaints in addition to learning their regulatory information to avoid risks. And WikiFX also hopes that the brokers in chart shall deal with complaints positively and appropriately.