简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The display of a trader's extravagant life on social networks aims to gradually convince viewers of being wealthy through forex trading.
As a curtain-raiser for a scam, the display of a trader's extravagant life on social networks aims to gradually convince viewers of being wealthy through forex trading.
Delude targeted people
This trader intended to induce a lot of investors to invest by posting his successful experience of forex trading via social networks. He introduced to his followers the skills of trading and earning millions of dollars, recommended a certain forex platform to them, and affirmed that this was regulated by the Financial Conduct Authority (FCA) so that available withdrawals could be guaranteed.
Losses in trading
After making deposits, investors were told by the platform that their transactions had seen losses and were not allowed to withdraw the rest of their funds because of varying excuses made up by the platform. At the same time, the aforementioned trader who posted his lavish lifestyle on WhatsApp disappeared! Obviously, this was a scam carried out via social networks!
Team behind the scam
The fraud was not manipulated by an individual but a team of ‘affiliate marketers’ called GS3 Trades (GS3). They scammed victims out of hundreds of thousands of pounds.
Reminder made by WikiFX
This kind of story can be heard here and there as photos relating to the luxurious lifestyle and profitable forex trading often pop up when we surf the Internet, which is a lure commonly used by scammers! Please search qualifications and reputation of forex platforms via WikiFX, a simple but sufficient step to keep your funds safer! (bit.ly/wikifxIN)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Investizo is an offshore forex and CFD broker that offers trading in wide range of assets on the popular MetaTrader4 platform. The broker also says to provide profitable trading conditions.
CJC Markets is a broker based in New Zealand. Although it is duly licensed by the local financial authorities, the broker is not transparent about its services and pricing. In the present review, we have highlighted both the strong and weak sides of CJC Markets.
An Israeli national chief operations officer (COO)
Recently, WikiFX scam exposure system has received numerous broker complaints and in most of the cases, the scammers induced users to deposit money to invest on their platforms through online dating and it caused huge economic losses to some users.