RARLON closed account arbitrarily, causing investor’s heavy loss
Investors should be alert to RARLON to block arbitrarily account and cause a sharp drop in investor’s funds through the illegal operations.
RARLON suspended investor’s account arbitrarily and used it to trade by black box operation, which caused heavy loss to investor. And with rating 1.94 only, RARLON was exposed in the report for being complained by many investors. Beware of it.
Per network diagram, RARLON has relation with DCP
Brokers in white label.
RARLON suspended investor’s account arbitrarily and used it to trade by black box operation, which caused heavy loss to investor. And with rating 1.94 only, RARLON was exposed in the report for being complained by many investors. Beware of it.
Recently, WikiFX received a real-name report of RARLON
for they suspended investor’s account. The platform operated the account
secretly, which brought investor’s heavy loss, but didn’t provide any practical
solutions.
Investor lodged a real-name complaint against platform
by presenting his ID card to ensure the authenticity of the report.
Photo of the investor’s ID
card
Investor shared his
unhappy experience with WikiFX:
Investor’s terrible experience
Per Mr. Ma’s said, he joined RARLON as an IB by a
friend’s referral. After his commission account was shut down, the platform still
operated in trading with the account, which resulted in heavy loss. Now there
are over 10,000 US dollar in Mr. Ma’s account and he cannot withdraw it. He has
been communicating with the people in charge of the platform since June last
year, but they kept on delaying the problem.
Per investigation by WikiFX, Mr. Ma’s account has been
suspended with the notice of “your account is suspended for entering wrong
password repeatedly”.
App interface notice that Mr. Ma cannot log in his
account
In addition, the platform’s login page (PC) shows that
Mr. Ma’s account had been suspended.
Screenshot of Mr. Ma’s suspended account(PC)
Per Mr. Ma’s account information, there is still
17,619.19 US dollars in his account.
Screenshot of Mr.
Ma's commission account balance
Mr. Ma has kept on communicating with the platform
about account problem since last year. But they always replied with “being
processed”. And RARLON didn’t give any reasonable explanations for where the
most of money in Mr. Ma’s account is and why his account is suspended.
Mr. Ma reported RARLON to WikiFX for they didn’t
provide any solutions.
Regulatory information of RARLON
Screenshot of regulatory information
from WikiFX App
Per investigation, related regulator has revoked the
regulation of RARLON. Without valid regulatory status, the platform has
considerable risk now.
MT4/5 identification of ARALON
Screenshot of MT4/5
identification from WikiFX App
Per investigation, RARLON uses white-label MT4 trading
software with server set up in Singapore and Hongkong respectively. The investment
costs of white-label Forex brokers are relatively low, and have a higher risk.
Network diagram of
RARLON
Warning from WikiFX App:
Screenshot of RARLON interface from WikiFX App
Per verification by WikiFX, RARLON has no valid
regulatory status and uses white-label trading software, which indicates its
higher potential risk. WikiFX has received five investors’ complaints of RARLON
within 3 months. Without providing any solutions, the platform shut down
investor’s account and controlled his money in account arbitrarily, causing
heavy loss to him. Investors are strongly advised to keep yourselves away from
it to avoid further loss incurred.
Conclusion
With rating 1.94 only, RARLON has no valid regulatory
status and has more complaints from investors recently. WikiFX reminds investor
to check WikiFX regularly and stay away from fraudulent brokers to ensure the
safety of your investment.
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