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Abstract:One of the common red flags that is widely seen among fraudulent forex brokers is requesting for tax payments. WikiFX wishes to highlight to all of our loyal users that traders need not pay any form of withdrawal tax upon any withdrawal requests. Should there be any forex broker that asks for tax payment from you, that is a red flag which you should be highly aware of!
Stone Age Capitals online presence screams a big red flag. The reason is that this broker has 2 different website domains that link to a seemingly similar website. Take a close look at the 2 images below:
The first domain that we found was www.ttmons.com
At first glance, there is nothing wrong with this website. It looks clean, decent and professional. However, the fact that this brokers website domain does not seem correlated to its official name, makes it look suspicious.
The second domain that we found was www.stormagecapital.com. Although this website domain is this brokers full official name, the login and register buttons as well as the chat box function are nowhere to be found.
If we were to pick sides, it seems like ttmon.com would be a more legitimate forex broker website than the latter.
Another thing to note about Storm Age Capital is the lack of important information, such as a registered business address, regulatory status, or licenses held.
WikiFX is a global forex broker regulatory query platform that holds verified information of over 36, 000 forex brokers. Simultaneously, we are also a mediator that helps solve disputes between trading clients and their forex brokers. If you have any issues that need the support WikiFX, please feel free to get in touch with us through the mediums below:
Recently, we received a complaint from a user in Indonesia. We at WikiFX would also want to highlight this scenario as a warning sign that should not be ignored by any means.
Scam forex brokers often deceive (and even intimate) their clients by requesting them for tax payments.
In this case, the users withdrawal request was delayed as Storm Age Capital requested a 15% expedited fee.
Looking at the email address which this email was originally sent from, it is evident that the sender was representing the 2nd website domain that was discussed earlier.
However, when the user contacted Storm Age Capital to clarify that he had no problem with his withdrawal being delayed as he did not want to pay those unnecessary fees, Storm Age Capital explained that he must pay the tax regardless, or else his withdrawal would never come through – which was completely different from the meaning stated in the email.
The user had no choice but to give in to the customer representative at Storm Age Capital because he wanted to withdraw his funds. Below is the proof of his payment:
Once again, we would like to reiterate that traders and/or investors should know their rights clearly, as well as the red flags that you see coming from a forex broker. When in doubt, always do as much due diligence as possible. Conducting a thorough research is not overwhelming nor time consuming when you have WikiFX at your fingertips.
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.
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