Do Not Invest Any Money in KirikFx

Mr. Ali, an investor from India, who strongly trusted the forex broker KirikFx, got scammed recently. According to his narration, he was unable to withdraw funds from the broker many times.

“I‘ve held a KirikFx account for a few days. After I deposited fund with Skrill and traded on Gold, I made good profits without any single Scalping or EA.” Mr. Ali recalled the entire trading process but couldn’t find anything unusual. Below is his MT5 balance statement. Till now, he is still waiting for the withdrawal of his fund $4,346.

Mr. Alis MT5 balance statement

On KirikFxs official website, it highlights the top-notch trading environment for traders. We can clearly see the broker claims the withdrawal processing time is “within 24 hours”.

Skrill withdrawal within 24 hours

In fact, the whole withdrawal thing sounds like a fake promise. In Mr. Alis case, he submitted fund withdrawal requests many times but received no response from the broker, so much so that he felt confused and nervous as days went by.

“I thought they would return my money sooner or later. I was wrong. Today I just log in to my MT5 account, but unfortunately they deleted my account, and now Im informed of a error Invalid account...” said Ali.

As per investigation, KirikFx (or KirikMarkets) is allegedly owned and operated by Kirik Markets Ltd., a company incorporated and registered in St. Vincent & the Grenadines. This is an offshore zone very popular among forex and binary options brokers, where the latter are not regulated and don‘t have to meet any requirements that actually guarantee the safety of their clients’ investment.

KirikFx is displayed as “no license” with a score of only 1.76 on the WikiFX APP, which means the broker is quite risky. It is suggested to download WikiFX APP first, so as to recognize illegal brokers before trading.

KirikFx just rated 1.76 on the WikiFX APP

As a leading forex media, WikiFX offers detailed profiles of over 25,000 forex brokers, which are all compiled from objective data of authoritative sources. Investors have free access to looking up all forex brokers included in the App. WikiFX also offers a scam exposure channel to protect investors fund. For more information, please visit our website https://bit.ly/wikifxIN. Meanwhile you can send your queries to our official e-mail at wikifxindia@gmail.com.