OINVEST set up various traps to maliciously refuse investors‘ withdrawals.

Recently, an investor complained against forex broker OINVEST for the broker refused his withdrawal by maliciously limiting the amount of withdrawal. The investor knew OINVEST on Facebook, and then registered an account on their official website. The investor bought two currency pairs, which are GBP/USD and EUR/USD, with total amount of 250USD. He quickly lost 235USD in a short period of time on MT4, and decided to withdraw the remaining 15USD. But the investor was informed by an email from OINVEST that it could not be withdrawn on the grounds that the amount was less than 100USD.

The investor had no choice but to deposit 85USD to his trading account. However, the broker replied that the account system had been in pending and his withdrawal needed to be delayed.

It is worth to mention that these kind of policies are illegal in forex market. Normally, the minimum deposit amount is 200USD and there is no limit on the amount of withdrawal. WikiFX suggests that investors should be clear about brokers trading policy before starting to trade and stay away from scam brokers.

As per investigation, OINVEST is an illegal broker without valid regulatory status , which is rated at only 1.62 on WikiFX App. The broker is currently active on large social network such as Telegram and Facebook, please stay away!

WikiFX App has recorded information of more than 17,000 brokers, integrating multiple functions such as query, exposure, and forum. If you have any doubt about a broker, you can first check on WikiFX App and view its risk warnings, comments or investor complaints.

Declaration:

The article evidence exposed by WikiFX is verified by the following processes:

1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and recording videos from victim).

2: These evidences will be evaluated and verified by expert who has been work in forex industry for many years.

3: The editor will review it again before the article is published.

WikiFX App is a third-party inquiry platform for forex broker. So far WikiFX has collected regulatory information of over 17000 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims of forex scam.

It, possessed by Wiki Co., LIMITED, was established in Hong Kong Special Administrative Region of China, mainly providing basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, WikiFX has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX App to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

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In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “WikiFX Forum” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:

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WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html

Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html

Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html

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