简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:This platform is a Ponzi Scheme, please stay away!
Last year I met a girl from Hong Kong on a dating site. After long-time conversations, she advised me to invest in gold and introduced a broker MagKing Forex. First I deposit $200 and made nearly $300 profits with her signals. However, things started to be different since my second deposit.
MagKing Forex is marked “illegal” on the WikiFX App
After getting my trust, the girl convinced me to make a deposit of $3,000 to earn more money. But after I applied for a withdrawal, my money wasnt withdrawn for a long time. I was told because of my change of withdrawal IP address, my account was temporarily under protection. I was told to make a deposit of $4,500 so that my account would automatically remove the protection system...of course I did it...BUT this turned out to be not enough.
Chat history with customer service
The girl contacted me and said the sum that exempted me from the system of funds protection was $10,500. The girl transferred $5,000 to my account and promised if I deposited another $5,000, the support service would remove the limit on my account as said, and in two days I could withdraw my money!
BUT IT TOOK TWO DAYS TO APPLIED FOR A WITHDRAWAL OF FUNDS, AFTER WHICH MY FUNDS DID NOT ARRIVE IN MY ACCOUNT. I wrote to the support service, and they said that I still had to make a deposit because the deposit the girl made seemed abnormal. I wrote to the girl, and she reacted negatively and said that I should return her money. It was then that I realized I had been deceived.
Account balance
Risk warning: On the WikiFX App, the comprehensive score of MagKing Forex is only 1.40 and the broker currently has no valid regulation. This platform is a Ponzi Scheme, please stay away!
As a leading forex media, WikiFX has recorded detailed profiles of over 24,600 forex brokers, which are all compiled from objective data of authoritative sources. Investors can easily look up the information of any forex broker. Meanwhile, WikiFX also offers investors a wide range of industry dynamics and market trend analysis, and you may visit WikiFXs website for more information.
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.
BotBro, an AI-based trading platform, became popular in India in 2024—but for negative reasons. Its founder, Lavish Chaudhary, who gained a huge following by promoting it heavily on social media. Since then, he has become well-known, but for many controversies. Let’s know the latest update about Botbro & Lavish Chaudhary.
Forex trading has become increasingly complex and risky, especially for newcomers. While the foreign exchange market still offers legitimate opportunities for traders and investors, but investment scams have now become common. Fake brokers are widespread, and spotting them can be extremely difficult . The only way to safeguard your capital is to stay informed and alert. In this article, we’ll break down the red flags of UCMarkets and explain why you should avoid it .
If a reputable regulator issues a warning about unlicensed brokers, it's important to take it seriously — whether you're a trader or an investor. Here is a list you can check out- be cautious and avoid getting involved with these scam brokers.
These are important rules that most people won’t tell you. Whether you’re new to Forex beginner or have been trading for a while, these tips can help improve your trading journey. Read this article to learn the key rules every trader should keep in mind.