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Abstract:The Financial Conduct Authority (FCA) has issued a warning regarding a forex scam involving a company named DtpFx Ltd. Despite being warned, it continues to engage in deceptive behavior. In order to persuade investors, the con artist uses enormous leverage and the promise of financial rewards. The true identity of this organization ought to be known by every Forex trader.
The FCA has warned about a forex fraud called DtpFx Ltd. Despite being warned, it has not ceased its fraudulent activities. The con artist entices investors by promising incentives and excessively high leverage. Every forex trader should be aware of this company's genuine identity.
WikiFX continuously monitors unregulated brokers since there have been a lot of fraudulent activities going on throughout the world.
The whole story on DtpFX being warned by FCA can be seen here: https://www.wikifx.com/en/newsdetail/202209296284865969.html
Here are some of the conceivable instances in which DtpFX defrauded its investors.
Bonuses are a frequent way for forex brokers to recruit consumers. Similarly, in DtpFx Ltd, the fraudster promises $100 to anybody who registers. Some risk-taking investors may not find the $100 incentive appealing. However, if the $100 is traded using the leverage available, the trading volume should not be underestimated.
Once the trader would like to withdraw some of his earnings, customer support will no longer be found.
Here are some examples of scammed incidents
This trader was invited by somebody who claimed from DtpFX. The dealer was able to deposit money after engaging in pleasant talks. The trade went well, so he tried to withdraw part of his profits, but the support was no longer accessible. This is an example of being quickly swayed by the offer, as many unregulated brokers are, without additional investigation into the broker's regulatory status.
Meanwhile, WikiFX, as a worldwide corporate financial information search engine, may reveal an unregulated broker's unlawful practices and potentially retrieve your assets with the aid of the regulator and authorities. However, since the broker went down and was unavailable even on their official website in order to deceive customers, this situation may take some time to settle.
DtpFX may resume operations under a new name, however, WikiFX guarantees that this broker will be watched and followed to ensure that they do not defraud customers again.
Here is where you can check DtpFX evaluation by WikiFX: https://www.wikifx.com/en/dealer/2093889624.html
The WikiFX Mission
Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, the credit assessment, platform identification, and other services.
WikiFX may also assist traders who have been duped by unregulated brokers in reclaiming their monies. WikiFX has collaborated closely with 30 financial regulators globally.
To learn how to report unlawful activity committed by an unlicensed broker. Contact information is provided below.
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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.
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