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Abstract:A honey trap in the forex market refers to a deceptive strategy traders or brokers use to manipulate or entice market participants. It typically involves using false or misleading information and exaggerated promises of profits. In an unfortunate incident, a person fell victim to a honey trap set by Hero's Market.
A honey trap in the forex market refers to a deceptive strategy traders or brokers use to manipulate or entice market participants. It typically involves using false or misleading information and exaggerated promises of profits. In an unfortunate incident, a person fell victim to a honey trap set by Hero's Market. The unsuspecting individual was lured into a web of deceit and manipulation, ultimately leading to the loss of his money. A victim from Pakistan filed a complaint on WiKiFX against Hero Market.
“I got scammed due to some online Chinese friend, she asked me. she will help me in earn money. I believed in her and invested 10000$.” the victim wrote in his complaint.
The victim said at the time of withdrawal, the broker demanded 20% of analyst fees. He paid $8500, and then the broker asked for more. When he did not pay, they froze his account.
A complainant stated “ I have to pay 1000$ for unfreezing after I pay the 1000$ unfreezing fee they ask for more money. I deposited another 500$ but no good response”.“I requested them a lot they did not listen to my request now they are not replying to my emails. Now customer care service is not replying to me and my Chinese friend also blocked me. I lost everything because I trusted on Chinese. WiKiFX is my last hope.” He added.
WikiFX Review
According to WikiFX, Hero Markets is an unregulated broker. It is not approved by any credible authority. This broker has a low score. Investing in Hero Markets is highly dangerous. WikiFX issued a warning to the broker, claiming.
Warning: Low score; please stay away!
It has been verified that this broker currently has no valid regulations. Please be aware of the risk!
To expand your knowledge and stay informed about the forex market. Visit the WikiFX website and become an informed trader.
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.