Exposure!!!An appalling case (Including Primefx) updatedby WikiFX

As previously reported on WikiFX website(https://www.wikifx.com/za_en/newsdetail/202012071374196357.html), a South African citizen Maruping was scammed by the broker Primefx which took various approaches to ask the user to pay unreasonable ‘withdrawal fee’ before he could withdraw the 5,500R in his account.

However, as per the follow-up conversations with the victim, WikiFX surprisingly found out Maruping repeatedly fell into the same tricks. Firstly, after being scammed by Primefx, the victim were approached by a trader named Josim from another forex company Mt4tradingoption on September 16th. And Josim kept persuading Maruping to deposit $200 to the trading account; nevertheless, after the deposit, Maruping was asked to pay R1500, as the so-called ‘withdrawal fee’. Maruping later realized it was the same trick by Primefx, and reject the payment.

Moreover, the legitimacy of Mt4tradingoption is deeply questioned as the broker‘s name cannot be found at WikiFX official website. Unfortunately, it seemed like Maruping did not learn the lessons and kept on believing unregistered traders and forex companies. Almost a month later, Maruping made a $2,000 deposit on Returnforex and Nomathemba respectively, and both brokers required the victim to pay 10% of the profits as a ’withdrawal fee‘. It is noticed that the two brokers’ information cannot be searched at WikiFX, indicating their potential illegitimacy.

Lastly, Maruping actively approached another trader from Bitcoin & Binary option , who lured Maruping into buying bitcoins, and in the end, Maruping was left insolvent and suffered tremendous hardship in finance and family relationship.

Therefore, WikiFX will hereby present some advises for all of our dearest users. Firstly, to conduct thorough search to avoid falling into the tricks of these illegal brokers and scam traders. Whats more, WikiFX has listed the ratings and rankings of more than 23,000 brokers and the related information such as on-the-spot survey, market analysis, and influence ranking have also been shown. These are vital information for users to properly assess brokers. In other words, it is wise to trust a broker with full-licenses and long-opening period, instead of unwisely investing on unregulated brokers or of easily trusting scam traders that offer empty promises.

Finally, regarding the scam case of Maruping, we deem that many forex newcomers would easily fall for tricks such as paying 10% of the profits as ‘withdrawal fee’ since these newbies are not familiar with the proper forex trading, and it is common to see that scammers utilize the notion of ‘withdrawal fee’ to deceive rookies who wish to earn ‘big-cashes’. The proper regulated brokers would only charge a minimum cost that goes with every transaction instead of demanding extortionate 10% ‘withdrawal fee’, and one could immediately turn down the trader or broker that requests withdrawal fee as they are inherently not a legitimate forex broker or trader. Thus, we urge all of our users to stay away from and report those brokers who demand withdrawal fee, and will expose them by our official channels to warn other users to not fall into the same trap.

Meanwhile, we will still be continuing to pursue justice and assist Maruping in every possible way to get his hard-earned money back. Please stay tuned for more updates regarding other scam cases.

Declaration: The evidences in WikiFX exposure articles are verified via the following processes:

1: Evidence Collection: chatting records, trading records, banking transaction records, and video recordings from the victim.

2: These evidences will be evaluated and verified by experts who have been working in the forex industry for many years.

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