Watch out! The Heavily-complained AINOL May Have Escaped

WikiFX recently received a complaint against AINOL. The Forex broker blocked investor from logging in his account and left investor unable to withdraw, while its customer service deleted investor' s contact and became unavailable.

According to Mr. Yu, he opened an account and started making deposit to AINOL in April, 2019. Feeling that it was quit reliable after test-trading on the platform, Mr. YU made several more deposits. He shown WikiFX record of his initial deposit after opening account on AINOL and the latest deposit.

Mr. Yu' s initial deposit record

Confirmation of Mr. Yu' s latest deposit

But on May 14th, Mr. Yu suddenly found the account he could still log in the day before had become inaccessible overnight.

Mr. Yu' s account on AINOL

Already feeling lost about the situation, Mr. Yu was even more taken aback when his QQ message to AINOL customer service couldn' t get through, suggesting that the customer service who was still answering his questions the day before had deleted his contact.

The series of unexpected changes shocked Mr. Yu and he couldn' t understand to date how the broker he had been trading at for almost a year would “disappear” overnight without any warning.

Mr. Yu' s conversation with AINOL customer service

It all happened so fast that Mr. Yu didn' t even have time to withdraw his balance at AINOL. As his account is currently blocked, there seems little hope for him to get the money back.

Mr. Yu' s account balance

So, Mr. Yu reported AINOL to WikiFX for defrauding investors and provided his ID card to ensure an authentic complaint.

Mr. Yu' s ID card

In fact, WikiFX has also received plenty of complaints against AINOL from investors who shared similar experience with Mr. Yu, all found their accounts blocked after May 14th and couldn' t reach the customer service by any means.

Complaints against AINOL from WikiFX Risk-Warning

This suggests that blocking investor' s account and deleting investors contact were simply part of AINOL' s scheme to swindle investors of their assets, as soon as it finds the right opportunity.

Information from WikiFX App shows AINOL holds NFA(America)' s license for generic financial service, regulatory number 0514794; without authorization in Forex brokerage, AINOL is currently operating in overrun business.

AINOL' s regulatory information from WikiFX App

As per investigation, AINOL with WikiFX rating 2.32 is in business for less than a year with a license unauthorized in Forex brokerage, indicating the broker operates in overrun business with substantial risk. Though its website is still available, investors can no longer log in their accounts on AINOL, so please beware of the broker.

AINOL' s interface from WikiFX App

Conclusion

Brokers in overrun business bear significant risk, so choose credible brokers for the safety of your assets. Checking a broker' s compliance as well as WOM before investment can help you avoid potential risks and make the best decision.