SCAM WARNING: DON’T INVEST WITH EQUITRADE

An Indian user of Equitrade recently complaint on WikiFX regarding the withdrawal issue. Complainant said he was made to invest in Equitrade by a person named Molly. She told the victim that she is an assistant of Equitrades manager. “She gave me a customer stock manager contact, and I invested about Rs 2 lakh.”

“Now my account has reached 9 lakhs but if I want to withdraw the money they are asking 50,000 rupees from me for the withdrawal.” When the victim escalated this issue to the representative. He said, “The APP is being updated and maintained, and it is expected to take three days. But nothing is happening. Whenever I ask him to withdraw my money, He demands fifty thousand.” He added screenshots with his complaint. Have a look and stay away from this broker.

WikiFX Review

When we searched for Equitrade on WikiFx. We found WikiFX issued warning against thus broker by stating

Warning: Low score, please stay away!

The number of this brokers's negative field survey reviews has reaclhed 1. Please be aware of the risk and the potential scam!

This broker exceeds the business scope regulated by United Kingdom FCA

(license number: 441877)Investment Advisory Licence

Non-Forex License. Please be aware of the risk!

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