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Abstract:Many investment platforms combine forex, cryptocurrency and binary options into a single investment. In fact, these platforms can be potentially identified as illegal platforms, because there is an essential difference between the three. Namely, forex is a kind of investment recognized by the world, while the other two are banned in many countries now.
An investor, named Nasta, was introduced by Nancy to invest on an platform Peak Capital Options. Nancy told the investor that Peak Capital Options runs investment business which can help him get 10 times return. For example, $150 can become $1,500 by investment. And Nasta opened an account on Peak Capital Options website, then he deposited 3,000R.
When Nancy told Nasta that his investment had been profitable and asked him whether to make an additional investment, he agreed and re-invested 3000R. After one week, he received an email from Nancy that his account was currently reading too low and facing a signal of drop, and in order to avoid loss of investment, Peak Capital Options automatically upgraded his account, with $190 upgrade fee. Then he could obtain an additional profit of $1,020 after the upgrade.
Meanwhile, the investor received another email that if he wants to withdraw all the money in his account, he needs to pay for $220 withdrawal fee. However, he was blocked by Nancy in the end after paying $220. Finally, Nasta was defrauded out of a total of 8800R.
This kind of investment is not forex, but binary options. Binary option is a high-risk and high-return way of investment, similar to gambling. According to investigation, trading binary option is prohibited in South Africa. Forex can be considered simply as the exchange between currencies, and investor makes a profit by the spread, rather than the broker directly tell you how much profit will be made (if you encounter such a broker, it may be a scammer).
More importantly, the profit from trading forex does not depend on brokers, but on fund companies such as JPMorgan Chase and Citibank..etc. The last but not least, currently cryptocurrency is not well developed, causing many brokers to take advantage of the loopholes of it to operate illegal investment business. Such as illegal fund-raising and Ponzi scheme.
Per checking WikiFX App, Peak Capital Options has a poor rating of 0.99, and the broker currently has no valid regulatory status, bearing great risks. In addition, the broker is currently active on large social network such as Telegram and Facebook, please stay away from it!
The following are three channels forgetting real-timeinformation about exposurearticles.
1: WikiFX official website: https://www.wikifx.com/us_en/.
Choosing News column Original special topic series.
2: WikiFX App: Using the App will make it easier to read articles.
Read on the APP in the same way as the official website.
3: WikiFX official Facebook: the new exposure articles will also be posted on Facebook, a main social media account, at the same time. If you are a social media user, you can follow WikiFXs Facebook page.
USA Area:https://www.facebook.com/WikiFX.US/
UK Area:https://www.facebook.com/Wikifx.UK/
Nigeria Area:https://www.facebook.com/WikiFX.ng
If you have ever been defrauded by illegal broker, you can contact WikiFX. WikiFX will assist you in your exposure. You need to hold enough evidences to prove the broker is illegal.
Evidence requirement: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).
In order to help you better. There are two ways to upload evidencesfor exposure.
1: WikiFX App:
Log in the App, choose Exposure on home page click on blue light bulb-Expose,
The types of Fraud Choose fraud broker Just write down your experience of being deceived and upload the relevant evidences here.
2: More brokers‘ information will be updated on WikiFX. If you can not find the broker that you want to report, there is another way to contact WikiFX by Facebook Messenger. You can leave your message on messenger. WikiFX’s staff will review the broker that you wanna report and the relevant evidences you submitted. You will get the feedback in the following 3-5 working days.
USA Area:https://www.facebook.com/WikiFX.US/
UK Area:https://www.facebook.com/Wikifx.UK/
Australia Area:https://www.facebook.com/Wikifx.AU/
Nigeria Area:https://www.facebook.com/WikiFX.ng
South Africa Area:https://www.facebook.com/WikiFX.ZA
Declaration:
The evidences in WikiFX exposure articles are verified via the following processes:
1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).
2: These evidences will be evaluated and verified by experts who have been work in forex industry for many years.
3: The editor will review it again before the article is published.
WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.
It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:
Facebook:
USA Area:https://www.facebook.com/WikiFX.US/
UK Area:https://www.facebook.com/Wikifx.UK/
Australia Area:https://www.facebook.com/Wikifx.AU/
Nigeria Area:https://www.facebook.com/WikiFX.ng
South Africa Area:https://www.facebook.com/WikiFX.ZA
Twitter:
Areas where English is an official language:https://twitter.com/WikiFX_Eng
More details about how to download WikiFX App:
Please download WikiFX APP from links below or scan QR code :
App Store: https://apps.apple.com/us/app/fxeye/id1402501387?l=zh&ls=1
Google Play: https://play.google.com/store/apps/details?id=com.foreigncurrency.internationalfxeye
If you have any questions, please feel free to contact us at wikifx@wikifx.com
Worried about missing out latest trends in the volatile market? WikiFX ‘News Flash’ is here to help!
With 24-hour real-time update of forex market data by minute, you can seize the opportunity of every bullish market! Bookmark the link below and follow the market trends immediately!
UK Area:https://live.wikifx.com/uk_en/7x24.html
USA Area:https://live.wikifx.com/us_en/7x24.html
Australia Area:https://live.wikifx.com/au_en/7x24.html
Nigeria Area:https://live.wikifx.com/ng_en/7x24.html
South Africa Area:https://live.wikifx.com/za_en/7x24.html
Wiki Forum Forum Function:
In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.
The exposure function of “WikiFX Forum” includes the following features:
1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)
As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:
2: Block low score brokers from entering the forum
3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;
4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.
WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html
Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html
Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html
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.