Another Investor Fell Victim to the Evil Broker PTFX

Broker: PTFX

Regulatory status: unregulated

Complained by: anonymous investor

Cause of complaint: investor couldnt withdraw

Although PTFX has already become a notorious scam broker in the forex circle, but the company still hasnt given up the chance to lure more unwary victims into its trap with its high publicity. Recently, WikiFX received complaint from another investor who fell victim to PTFX.

Event recap

This victim first signed up and made deposit at PTFX in early 2019. Although there were already many negative comments about PTFX online back then, the investor, lured by the “high profits” slogan from the broker‘s advertisements, still decided to “test the water”. In March, 2019, the investor applied for a withdrawal for the first time; the money wasn’t immediately received, but arrived in investors account after a week. Since then, negative news about PTFX has almost never stopped, but the investor was “lucky”enough not to encounter any trading irregularities.

By early October, the investor submitted a withdrawal request again, but this time he no longer had such luck: the withdrawal was delayed, while the brokers customer service offered no explanation or solution other than excuses, and he was even kicked out of the chat group. Later, when the investor logged on to the platform website again, his original withdrawal application records had been erased. Until now, the victim has not been able to withdraw funds from his account.

About PTFX

PTFX has already become a notorious broker with some of the worst reputations in the forex circle. WikiFX has exposed it for many times in hope of warning investors against this illegal broker, yet many gullible investors who are eager to make profits have still fallen into PTFXs trap. According to WikiFX App, PTFX is without valid regulation, while under heavy complaints from investors who accuse the broker for blocking their withdrawals. WikiFX has labeled the broker as illegal to warn investors to stay away.

Conclusion

Though the desire for fortune is more or less a human nature, any expectation or attempt to generate huge profits without any proportional effort are both unrealistic and dangerous. While forex market is well-known for its lucrativeness, investors should never ignore the accompanying high risks. To find out more about any forex broker, please log on WikiFX website or App where you can easily access comprehensive information about brokers and the forex market.