PTFX Topped the Most-Complained Brokers List Again in November

Near the end of 2019, investors all wish to see their trading go smoothly and wrap up the year in a satisfactory way, yet the illegal brokers are always trying to mess up with investors‘ plans. By reviewing the recent investor complaints against illegal brokers, WikiFX made a list of the most-complained brokers in November. PTFX which topped the list has drawn much attention, while other heavily-condemned brokers on the list are equally worth-noting. Here’s the list of most-complained brokers in November.

PTFX has been in the spotlight frequently this month. Many investors have complained against the broker in succession for withdrawal failure within a short period, while the customer service offered excuses rather than solution, indicating that the broker is blocking withdrawal on a large scale. Moreover, PTFX claimed on the official website that it has acquired IGM Forex, a Cyprus forex broker just lifted out of suspension, and successfully renewed its media exposure, while continuing to lure investors with new tricks such as “high bonuses” or “professional traders team”. Undoubtedly, the ultimate goal of PTFX is to swindle investors assets, yet many introducing brokers of PTFX are still trying to advertise for it. According to WikiFX App, PTFX is rated at only 1.56 and has been labeled as illegal broker. Please stay away from it.

Shi Jin Investment which ranked second on the list is another scam broker frequently complained by investors recently. According to the investors, the platform first brainwashed them with the so-called “signal providers” , and then blocked their accounts and rejected withdrawals. Through its marketing campaigns, the broker had attracted a considerable group of investors earlier on, which partly accounted for the recent outbreak of complaints against Shi Jin Investment on such a large scale.

WikiFX found that the dealer has no valid regulation and has been in business for less than one year. When choosing a broker, investors must pay close attention to its regulation, as well as other information.

In addition, investors also need to watch out for KP, a broker with suspected cloned-license, and IC Markets, heavily complained by investors, both of which frequently appear on the most-complained list. Other heavily complained brokers on the list include FXGM, GPAK, Stone Lion, Doo Prime, PGWG and Gsgold.

The forex market in 2019 is still full of twists and turns, while the illegal brokers never stop their evil steps. WikiFX remains committed to exposing the unscrupulous practices of illegal brokers, and strives to create a safer forex investment environment through joint efforts with investors. You can learn more about the compliance and other information of brokers thoroughly by downloading the WikiFX App, and if you notice any irregularity of a broker during your investment, you may post it in the WikiFX Apps exposure column to warn more investors against it.