Beware of These Brokers’ “Bad Romance”!

Recently, many forex traders told WikiFX that they've scammed by brokers who utilizes romance to induce them to deposit. We list several real exposure here as an alert for you to stay away from these scammers.

1. Onoka

Exposure:

“Fraud induced me to invest with fake broker”

“At first, we videoed chat with each other and then we chatted via ohone. He said he was a mainland migrant and now lived in Singapore. He claimed himelf to be rich. And he studied in Peking University and was good at math. He learned investment. So he attracted me to invest with him. I profited. But I can't get the money without adding more money. This is a scam. He told me that he withdrew a lot of times and then I asked him to give me his screenshots about his withdrawal. But he refused. I've lost $50，000. He pretended to help me but made my account become abnormal account and I had to deposit funds. He said all his family could get the withdrawal, and I am an exception.”

Exposure details: t.ly/FmZ5

Regulation info: t.ly/JLDe

2. DS investment Limited

Exposure:

“Beware of DS investment Limited, this fraud broker”

“Investors, please note that this fraud platform has a lot of people who will use those girls to induce those who want to invest. Don't fall into the trap. They will use feelings to ask you to invest and their platforms are fake in MT4. It is also a fake operation in the background that makes you profit a lot, and you mistakenly think that you are making money, and then they keep inducing you to deposit more. Their method is to keep telling you that there is a big market, what are the opportunities, what are the deposits and the commission is low, etc. The procedure for your withdrawal is very smooth, making you mistakenly think that the withdrawal is real, making you silly to wait for a few days and still havent received the account. I know from my own experience that I have not received the basic fund for almost a month. This platform is simply a scam. Old group”

Exposure details: t.ly/alcR

Regulation info: t.ly/si7p

3.IG

Exposure:

“Scam”

“The woman surnamed Liu induced me to deposit here, delaying withdrawals with various excuuses. This is a bottomless hole which cheats all my money. I've called the police and hope that te police can catch her asap. These fraud must be punished severely”

Exposure details: t.ly/VMTX

Regulation info: t.ly/ES8N

4. Million hui FX

Exposure:

“Romance scam”

“I was involved in an investment fraud. After getting along with him (named Devin), he behaves like a lover, reassures him, and then talks about investing at the right time. Download the MT5 and Yu Trading Tool app, introduce the customer manager (probably Guru or this person) of an acquaintance's Forex company (million hui fx) on LINE, and leave personal account opening and deposits to this customer manager. I will say. I ask this person to instruct me that it looks as if I am making a profit, I will not lose it, I am relieved that it is okay, I will tell you that I will make more profit if I increase the investment funds, and I will induce you to make more deposits. When I try to withdraw, I am told that I cannot withdraw unless I pay the tax first, and then even if I say that I should refund only the investment principal that I deposited, I am told that I will not receive money unless I pay the tax Only. When I consulted with the police and lawyers, it was definitely a fraud, but when it was exchanged on LINE, it was said that it was difficult to prove it and I could not follow it, so I had the bank used for fraud frozen under the wire fraud relief law. However, the money has already been withdrawn and the money will not come back after all. I hope there will be no more damage”

Exposure details: t.ly/WpNQ

Regulation info: t.ly/p2P6

5. FURION GLOBAL

Exposure:

“Induced Fraud”

“This is another contact of this compant which includes their phone number.”

Exposure details: t.ly/pUOI

Regulation info: t.ly/PAt5

6. CLSA Premium

Exposure:

“Group Scam”

“A woman called Chen Xinyu is responsible for communication, emotions, and routines. Your deposit will bring you 5-12 times of the funds, and then arrange a person named Dong Zijian on QQ to pretend to be a teacher to make virtual digital money! Finally, after you finish the operation and start the withdrawal, arrange the customer service to do all kinds of reasons that cannot withdraw cash into the account, and then pretend to be various names, find reasons for you to pay money inside to withdraw cash, in fact, it is impossible to withdraw cash after you pay multiple times. There will be various reasons why it is impossible for you to withdraw cash!”

Exposure details: t.ly/b02n

Regulation info: t.ly/o0Ri

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