Saudi Arabian Investor Has Been Defrauded by Investing1

Complained by: anonymous investor (Saudi Arabia)

Illegal broker: Investing1

Cause of complaint: unable to withdraw fund

Account balance: US$350,000

The forex broker I want to expose is called Investing1. Upon recommendation of others, I opened an account on this trading platform and deposited US$350,000 through several payments. At first I was “lucky” enough to keep on profiting for a whole day round the clock, and the next day I got a call from the customer service, telling me I was doing great in trading and should ramp up my investment to make even greater profits. Feeling encouraged, I made further deposits without hesitating, unconscious of the danger I would face....

Later, I ran into financial problems and contacted the customer service to withdraw some of my profits, yet it turned out extremely difficult. The broker claimed that I need to pay an additional “margin” to access the profits from the platform that is regulated by FCA, and urged me to transfer this so-called margin to their account registered on FCA.

But after searching FCA‘s website, I found that the broker wasn’t even registered with FCA and their alleged “regulation” turned out non-exist, so how can I possibly get my money back this way？ The brokers simply trying to defraud more of my money!

According to WikiFXs investigation, Investing1 has been in business for less than a year, and its score on WikiFX APP is only 1.06. This broker has no valid regulation at present. Please be aware of the risk!

If you are suffering from forex trading scams, don't hesitate to contact us to recover your loss. Our E-mail address is wikifx@wikifx.com. You can also download the WikiFX App to check the regulatory status of global forex brokers in a swift and timely manner and protect your funds.

Investigation shows that the broker does not have the licence of FCA

WikiFX App shows Invest1 is unregulated

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