Global Broker Regulation Inquiry App
WikiFX
Amount resolved within one month(USD)
$452,384
Number of People Resolved
15250
Deriv's customer service
Deriv's customer service is an insult to my intelligence. My account was suddenly frozen in May, citing "identity update required." I submitted my passport and proof of address five times, only to be told each time by a different representative that the documents were "incomplete." I even had a video call with them once, but they still said they couldn't verify the information. Their leverage scheme, advertised as 1:1000 leverage, was secretly adjusted to 1:50 during trading. This resulted in my April crude oil trade being forced to close due to insufficient margin, resulting in a loss of 7,300 Australian dollars. When I pointed out their fraudulent practices, the representative simply hung up on me. This platform doesn't care about customer rights; they're only interested in swindling more money.
Broker
Deriv
Exposure Type
Others
Indonesia
08-27
Indonesia
08-27
I'm a trader from Indonesia,
I'm a trader from Indonesia, and I'm disappointed with KVB's trading environment. The malicious slippage caused me to lose my account due to a major market fluctuation. I had already placed a short position in the EUR/USD market with a stop-loss at 1.1050. However, as soon as the data came out, the price skyrocketed. Normally, my stop-loss would have been triggered around 1.1048, but KVB's transaction price directly hit 1.1067, effectively shutting me out. In all my years of trading, I've never encountered such outrageous slippage on a reputable platform during the non-farm payroll period. Furthermore, KVB's spreads are typically higher than other platforms, with EUR/USD spreads generally ranging from 1.8 to 2.2 pips, while other platforms typically range from 1.2 to 1.5. The quotes are often low when I'm going long, and high when I'm going short. My trading history has resulted in additional losses exceeding $2,300 per month due to this.
Broker
KVB
Exposure Type
Severe Slippage
Indonesia
08-27
Indonesia
08-27
Tickmill has always had
Tickmill has always had a good reputation in the Indonesian forex community, which attracted me to open an account. Their so-called "low spreads" are conditional, but their real killer feature is slippage! On the night of the non-farm payroll report, I placed a short position in gold with a stop-loss at 2640.5. After the release of the non-farm payroll data, gold prices skyrocketed. Normally, my stop-loss should have been triggered between 2641 and 2642, but the platform's transaction price was directly at 2645, a 4-point slip. My account was completely liquidated, with a loss of nearly $1,500! I took screenshots of the Reuters market data and the platform's transaction records at the time, and the two completely mismatched. I also placed the same position on other platforms (such as IC Markets and Pepperstone), and they executed at almost the same stop-loss price, while Tickmill's slipped by 4 points. If you're looking for a stable trading environment, Tickmill is definitely not the
Broker
TICKMILL
Exposure Type
Severe Slippage
Indonesia
08-27
Indonesia
08-27
I deposited 10,000 Canadian
I deposited 10,000 Canadian dollars in January 2025. Their app looked professional, but it was actually a phishing scam. In November, when I tried to close my position, I discovered my account had been wiped out and all my trading records had vanished. The data was lost during a system upgrade, but they refused to compensate me. I shared my experience on Reddit, and my colleagues also told investors like me who were coming to Indonesia from Canada and the United States not to trust this broker. My bank card information was leaked, and I made multiple unknown transactions. The Canadian bank said Headway's payment channel was unsafe. Don't believe their lies, or your trading journey will be a disaster.
Broker
Headway
Exposure Type
Others
Indonesia
08-27
Indonesia
08-27
EBC caused me to lose
EBC caused me to lose $22,000 Canadian dollars. Their "no slippage" promise was a lie - in the gold transaction on April 12, I set the purchase price at $1,950, but the actual transaction price was $1,962. The 12-point slippage directly swallowed up my stop-loss space. EBC also deleted all negative reviews. Their customer service system is completely useless. I made 23 international calls, and when I got through, they only said "please email." Of the 17 emails I sent, 12 fell on deaf ears and 5 were automated replies. Even worse is the withdrawal process. I applied for a withdrawal of $8,000 in April, but only received $1,200 in June. The remaining amount was deducted as an "international transfer fee" at a rate of 35%. This is blatant robbery! I advise all Malaysian traders not to be fooled by EBC's low spreads. This is a typical fraudulent platform that specializes in defrauding retail investors.
Broker
EBC
Exposure Type
Severe Slippage
Malaysia
08-27
Malaysia
08-27
I must expose KVB.
I must expose KVB. My US dollar funds were transferred to a jewelry company in Hong Kong and then returned to the platform through an offshore account. When I requested proof of the funds' movement, they refused to provide it and instead froze my account. The platform's overnight fees are ridiculously high. Holding one lot of gold costs $35 per day, five times the industry average. I calculated that overnight fees alone have cost me $18,700. KVB has been fined for "opaque fees" in the CFTC complaint file, yet they continue to operate unchecked. Now my $18,00 is stuck in my account, and customer service says "I must trade another 100 lots before I can withdraw my funds." This is clearly forced trading! It's a massive scam.
Broker
KVB
Exposure Type
Others
Malaysia
08-27
Malaysia
08-27
I urge everyone to avoid
I urge everyone to avoid Headway. It's a scam disguised as a forex trading platform. I first encountered Headway at a forex investment sharing session in Malaysia. The instructor boasted about "monthly returns of 15%-30%." However, I was deeply saddened by Headway's deceptive practices. Their "no-deposit bonus" required a 30-lot trade before withdrawal, but the spread was three times the normal amount. I ended up losing 3,200 Australian dollars to withdraw my $500 bonus, and was also charged an 800 Australian dollar "account management fee." The platform's leverage adjustment is completely arbitrary: 1:100 during the day, then suddenly dropped to 1:10 at night, resulting in forced liquidation of three of my overnight trades. The platform even advertises on Google, which is outrageous.
Broker
Headway
Exposure Type
Others
Malaysia
08-27
Malaysia
08-27
WELTRADE's withdrawal
WELTRADE's withdrawal issues have driven me crazy! I requested a $15,000 withdrawal in June 2025, but by August I had only received $3,800. "International taxes" were deducted from the remaining amount, and they couldn't provide any tax documentation. Customer service has been saying "it will arrive next week" for 12 weeks now! Even worse is their "account upgrade" scam. They tricked me into paying $5,000 to upgrade to a "VIP account," promising lower spreads and priority withdrawals. Instead, the spreads increased by 2 points, and withdrawals became even slower. Forty-three users on the Malaysian and Los Angeles forex forums have fallen victim to the same upgrade scam, collectively losing over $100,000. Don't trust this platform anymore.
Broker
WELTRADE
Exposure Type
Unable to Withdraw
Malaysia
08-27
Malaysia
08-27
I've never seen a platform
I've never seen a platform as shameless as Dupoin in Australia! Their leverage terms are a complete trap—they advertised a maximum of 1:500, but in actual trading, they suddenly dropped to 1:20. This forced liquidation of my March crude oil trade, resulting in a loss of 6,700 Australian dollars. When I questioned them with screenshots of their promotional materials, they said "terms have been updated," but I never received any notification. The platform's spreads are outrageous. During the non-farm payroll period, the EUR/USD spread reached 12 pips, six times that of other legitimate platforms! I calculated that the unreasonable spreads alone cost me an extra $3,200. Even more disgusting, their mobile app secretly and automatically trades. I noticed three unfamiliar trades, and customer service claimed they were "system-recommended trades." This is pure theft!
Broker
Dupoin
Exposure Type
Severe Slippage
Malaysia
08-27
Malaysia
08-27
Scarmers indian keralite staff faizi
⚠️ Wealth World Financial: Misleading Advice, Broken Promises, and a $13,000 Loss
I am writing this review to warn others about my deeply distressing experience with Wealth World Financial and their advisor, Faizi.
Under Faizi’s guidance, I invested and borrowed a total of $13,000 USD, based on his repeated assurances of guaranteed profits. He encouraged me to borrow from friends and use credit cards, promising to take full responsibility for the trades. The trading involved gold, silver, and aluminum, yet Faizi failed to provide proper risk management—no clear stop-loss (SL) or take-profit (TP) levels were given.
During critical trading periods, Faizi was often unreachable, with his phone switched off. He promised I could withdraw $5,000 USD by March 31st to repay loans, and an additional $8,000 USD in profit—none of which materialized. My account was completely wiped out.
After the loss, Faizi contacted me again, urging me to invest another $10,000 USD, which I refused due to th
Broker
Wealth World Financial
Exposure Type
Scam
India
08-27
India
08-27
I entered 0.9 lots of
I entered 0.9 lots of gold and got a profit of 1089.37$ but then FXGT called me in violation because I was trading with another account. They placed an order of 1.02 lots and got negative 1400$ and revoked my profit. The order entry time is different, the profits and negative numbers are different but they say it's the same person, which is absurd.
Broker
FXGT.com
Exposure Type
Scam
India
08-27
India
08-27
I was trading with this
I was trading with this broker since 12 April without any single withdrawal i was compounding my profits for increase good profits unfortunately what email i received.
I was using hedge buy/sell long strategy which all broker allow without any problem.
But the just sent me a Email that’ my account is deactivated and my trading accounts is been disabled this is pure scam
Broker
Trade245
Exposure Type
Scam
India
08-27
India
08-27
hold my withdrawal of
hold my withdrawal of funds since 18 December. have no good faith to pay.
there was no response at all, they only wanted the customer's deposit.
My first withdrawal submission on December 18 was deleted without any explanation. then I filed again on December 24 . until now there is no explanation.
Broker
QT
Exposure Type
Scam
India
08-27
India
08-27
⭐ 1-Star Review: Skyline Trading Ltd – scarmers
⭐ 1-Star Review: Skyline Trading Ltd – Coercive, Unethical, and Withholding Funds
I invested $2,025 USD with Skyline Trading Ltd and grew my account equity to $8,583.30 USD, which included a $1,000 broker credit. Despite this, my experience has been deeply manipulative and financially damaging.
After I posted a public review about unresolved withdrawal issues, I was contacted by a staff member named Hussain. He pressured me to delete my review, promising that Skyline would process my pending $3,000 USD withdrawal and remove the running losses caused by trades placed by their Relationship Manager (RM)—trades I did not authorize and were not my fault. Yet, the broker framed the removal of those losses as a favor, not a correction.
Following this, I initiated a $3,000 transfer from my trading account to my wallet and then to my bank account. While this partial withdrawal was processed, the majority of my equity and profits remain withheld. My wallet now shows a balance of $0 USD,
Broker
Skyline
Exposure Type
Severe Slippage
India
08-27
India
08-27
Hi guys,
I just wanted
Hi guys,
I just wanted to share my experience about this broker. Yesterday I took several of winning trades and my balance account was around 5000 $ with my profit secure, so I was satisfy and decided to go to bed and rest. When I woke up this morning I noticed my balance is only around 1300 $ I checked my trading history and I don't know how come but my wining trades from last night are all gone. So I contact the broker by messenger but the agent said they can't access to my trading history and to send an email to the support what I did. I even tried to call them but same answer from the agent over the phone. That just insane I hope it's just a mistake because otherwise it's just crazy. That Happened this morning so I am waiting for them to getting back to my email. I will keep you up to date
Cheers
Broker
Trader’s Way
Exposure Type
Scam
India
08-27
India
08-27
Weltrade.com ( weltrade.in
Weltrade.com ( weltrade.in ) not processing my 1100usd withdrawal
My Account is fully verified account pending since 1 day actually there standard time for withdrawal is 30min only also They blocked my profile and blocked chat service also I can’t access them or complain to them at all
Broker
WELTRADE
Exposure Type
Scam
India
08-27
India
08-27
They didn't pay my withdrawal
They didn't pay my withdrawal and banned my account and no one is replying via email I want to see the reason or evidence . Unprofessional and not trustable company
Broker
BOLD PRIME
Exposure Type
Unable to Withdraw
India
08-27
India
08-27
Hero FX is a scam broker.
Hero FX is a scam broker. Every time there’s news or any type of press release on any type of tradable asset, commodity Forex index, money, any type of currency any news the MT5
Or MT4 version of hero FX that they offer always freezes every time News is about to release hero FX is a scam they don’t let you trade news and if you’re trying to trade me, you will f u over because it will freeze on you and you can’t get out of the trade I hate this company I lost over $2000 trading on their platform because I was trading
How do you say promoting hero FX? They’re all getting paid for it so hero FX can make their money back and scam all of these innocence treaters and get all of your retail traders money so don’t fall for any of 4X gurus on YouTube selling courses all of these promotional money.
Broker
herofx
Exposure Type
Scam
India
08-27
India
08-27
I’m writing this to warn others:
I lost a large part of my account here due to heavy slippage and suspicious price moves. If you value fair trading, pick another broker. Learn from my mistake before you experience the same losses.
Broker
Tradeview Markets
Exposure Type
Severe Slippage
Canada
08-27
Canada
08-27
Typical broker where
Typical broker where till you are loosing, no problem. Issues started when you earn and try to withdraw. Then they deactivated in toto the account. When I asked, they reply that I apply a sort of Arbitrage trading. When I asked more info availability to show all the transactions and even I have shared the name of EA used (scalper), they simply ignore me. Trading is all about money and when there are money there must be fully transparency and you need to be sure the broker is paying when (few times unfortunately) there are profit.
Broker
DOMINION MARKETS
Exposure Type
Unable to Withdraw
India
08-27
India
08-27
Exposure
Unable to Withdraw
Severe Slippage
Scam
Others
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Amount resolved within one month(USD)
$452,384
Number of People Resolved
15250
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