WikiFX

( WikiFX-Free tool for forex brokers inquiry , supporting both iOS version and Android version.) Initial withdrawal blocked by “withdrawal channel maintenance” Withdrawal attempt failed again after a long wait The “minimum withdrawal threshold” cannot be justified The business-overrun Forex broker has tons of excuses to reject investors’ withdrawals Mr. Huang from Taiwan complained to WikiFX about his difficult withdrawal at the Forex broker TSKFX to seek help. WikiFX got Mr. Huang’s experience and verified the related evidence. Mr. Huang’s ID card Mr. Huang told WikiFX that he deposited $12,000 to TSKFX on May 7th, 2019 and showed his deposit record. Mr. Huang’s deposit record After trading several times, Mr. Huang applied to withdraw $12,000 on May 27th in need of money. But the application wasn’t approved on the day. Mr. Huang didn’t take it seriously and decided to check again the next day. Mr. Huang’s withdrawal record But the...

(WikiFX-Free tool for forex brokers inquiry, supporting both iOS version and Android version .) The field-survey mission to Jakarta came as a surprise. I had to forget about holiday schedules and set out before sunrise to catch the earliest flight. I knew that visiting PTFX in the capital of Indonesia wasn’t going to be easy, but my 4-day trip turned out to be even more adventurous than I expected. My itinerary:            April 6th   Shanghai——Hong Kong——Jakarta         April 7th   PTFX(Jakarta)         April 8th   PTFX(Jakarta)         April 10th OJK ( Jakarta)——Shanghai The plane took off from Pudong Airport at 6AM. Throughout the flight, I kept thinking about all the possible scenarios and how I may handle them. The plane landed in Jakarta at 8PM after flying for 14 hours. Eager to start on my mission, p...

( WikiFX-Free tool for forex brokers inquiry , supporting both iOS version and Android version .) WikiFX has been popular among forex investors worldwide and has received numerous good reviews since its launch. With the help of WikiFX, an increasing number of investors know forex information and distinguish between real brokers and fake ones, avoiding lots of potential risks in forex investment. According to the statistics, the WikiFX functions including Exposure and Field Survey are well-received due to the visit reports and real trading experience of investors. Considering that the credibility of brokers is vital for forex investment, WikiFX launches a new version featuring VR experience to provide investors with safe trading environment. The version integrates the visit reports and spot environment to help investors have a better understanding of forex brokers. After the launch of VR function, WikiFX will apply it to more brokers quickly. Instruction: 1. ...

( WikiFX-Free tool for forex brokers inquiry , supporting both iOS version and Android version . ) WikiFX recently visited VTGFX, a Forex broker with a poor WikiFX rating of 1.68, in order to investigate its “license office”. VTGFX claimed on its website that it holds an STP license from CYSEC(Cyprus), with a license number of 107/09. VTGFX’s information from WikiFX App Upon investigation, WikiFX found the following information about license number 107/09 on CYSEC(Cyprus Securities and Exchange Commission)’s website: Regulatory information of license 107/09 from CYSEC According to CYSEC’s website, the holder of license 107/09 is “TTCM Traders Trust Capital Markets Ltd”, not VTGFX. Following the reveal of this suspect information, we paid a visit to the address from the regulatory information to see whether it is truly the office location of VTGFX as the broker has claimed. The WikiFX team arrived at VTGFX’s alleged office location at 56, Theodorou Pot...

The Forex market has recently witnessed a proliferation of both AR license and investors’ complaints against AR licensees. As the AR license isn’t essentially a regulatory license, WikiFX is reassessing AR license’s reference value for investors and makes the following announcement about weight adjustment of AR license for new reference of WikiFX rating:   About AR license: The Financial Conduct Authority (FCA) in UK defines AR, or appointed representative, as any firm or individual authorized by an FCA licensee(AR principal broker) to act as its agent, but not directly regulated by FCA. As Australia’s regulatory framework resembles that of UK to a large extent, ASIC(Australia) also offers a similar interpretation of AR as an authorized agent for AFSL licensee. Many emerging Forex brokers in China prefer to be an AR licensee by cooperating with MM licensee because they can’t afford the high cost of obtaining an MM license. AR must have a written cont...

WikiFX has exposed countless low-rating Forex brokers with cloned license or without valid regulation at all, but recently we received a complaint that with FCA(UK) '  s MM license, a broker blocked investor '  s withdrawal. Ms. Liu complained to WikiFX about her difficult withdrawal at GMG Markets. She didn '  t received the money withdrawn, though her application was approved and the money in her account was deducted. Meanwhile, GMG Markets '  customer service offered no feasible solution. Ms. Liu '  s ID card According to Ms. Liu '  s experience, a friend recommended her GMG Markets early this year, saying that some Forex professionals can help her in trading. On January 30 th , Ms. Liu opened account and made deposit to GMG Markets. Ms. Liu '  s deposit record After that, Ms. Liu conducted a dozen of trades and was profiting overall, so she applied to withdraw $1,840 from her profit on April 30 th , 2019. Ms. Liu '...