​Attention! Blacklisted Brokers in January

WikiFX Strategy (2 Feb.) - Following is a list of brokers who received complaints in January. Lets see how they deceived investors.

1. NEW HONGSHENG LIMITED: No valid regulatory information. The broker claims to have beauties experienced in forex trading by forging and editing others photos, so as to lure the victims into investing.

2. Wanhuay: No valid regulatory information. The so-called “stock master” in their online chat room guides investors to carry out abnormal operations, which will result in losses.

3. EED: Unable to withdraw. More than a dozen related white-label brokers are identified to be illegal.

4. Haishengefx: Its claimed Common Financial Service License of the National Futures Association (NFA) is currently unauthorized.

5. FXCN: A beauty will induce traders to deposit money, which is unable to be withdrawn afterwards.

6. DSinvestment Limited: No valid regulatory information. It lures victims into investing by fabricating figures of high profits.

7. CFGLOBAL: It has exceeded authority under its license of the Financial Service Providers Register (FSPR) and is currently under no valid regulation.

8. GTC: Its claimed license of the NFA is currently unauthorized, while the other one, which was issued by Vanuatu Financial Services Commission (VFSC), is under offshore supervision and is not worth referring.

9. JINOU: No valid regulatory information. It uses promotions to induce investment but gives no access to withdrawal.

10. Longasia: Its claimed license has been revoked. Withdrawals are unavailable since last year.

All the above is brokers who are blacklisted as illegal platforms in January. Traders encountering similar scams must withstand the lure of profits and stay away from them.

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