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:A Malaysian investor recently reported that she was tricked into opening an account with Trade Option by an operator for clients and was prevented from withdrawing her funds.
According to the user, she was contacted by a third party through Telegram. The third party, an operator for clients actually, indicated that it could offer a trading plan for some time and that it could generate significant profits for the investor through the trading platform Trade Option.
The victim agreed to allow the operator to trade on her behalf, transferred the money invested into the designated remittance account, and let it open an account and deposit funds on her behalf. After the account was successfully opened, the victim got the account and password and could log in at any time to view the transactions and account balance.
In the beginning, the user was cautious and invested RM500 (about USD 114) intending to try it out, but after some time, the trader asked her to withdraw her money and said she had earned RM176,515 (about USD 40360)! However, the profit rate was too high to make her feel unreal.
Unsurprisingly, when the victim was about to withdraw her money, she was asked to upload some documents to verify her account and more importantly, to pay a “deposit as a guarantee”. It was only at this point that the investor realized it was a scam.
About Trade Option
Trade Option is a typical fraudulent broker. On its website, it falsely claims to be a company founded in 2009, and it sounds like it has accumulated some experience in the industry. But this is not the case, as the company's website was actually founded in 2022, just a year ago. Moreover, this fraudulent company says that it is located in Indonesia, but there is no local forex regulator in the country. So it is obvious that this broker is providing financial services and products to its clients without any financial license and is not trustworthy.
WikiFX Always Reminds You!
Even experienced professionals cannot answer that every trade they make will be profitable. Investors without any trading experience are even less likely to get rich overnight in the risky market. Fortunately, this time, the victim stepped on the brake in time and did not continue to be tempted by the huge profits, otherwise, the other side would have squeezed the victim's hard-earned money to the point of not having a dime left.
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.
Online trading platform eToro has recently unveiled its latest investment offering—the Global-Edge Smart Portfolio. This new addition to eToro’s extensive portfolio options provides investors with a balanced approach to investing by combining global stocks and bonds, tailored for those looking for growth and stability.
Have you ever heard of a broker named SogoTrade? In this article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.
On 12th November, a crypto investor fell victim to a sophisticated phishing attack, losing $6 million worth of GigaChad (GIGA) tokens.
Italy and Denmark are rethinking how to tax digital assets. Italy’s government, initially proposing a substantial capital gains tax increase on crypto to 42%, has decided to lower this figure to 28%. Meanwhile, Denmark is advancing a different strategy by recommending a mark-to-market taxation model, which would impose taxes on crypto based on annual value changes rather than sale or exchange events.