Global Broker Regulation Inquiry App
WikiFX
Amount resolved within one month(USD)
$452,384
Number of People Resolved
15250
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
They have a done huge
They have a done huge losses to our accounts which can be termed as an fraud .They vanish near about 10 million $ from the account within few minutes. And not providing any details for the trade.Not at all supportive.
Broker
INFINOX
Exposure Type
Scam
India
08-27
India
08-27
I request withdraw for
I request withdraw for 22000 USD,but until now, they are not process the request, numorious response is facing technical issue and will contact me when they ready.
I have emailed regulation company but the respond is not satisfied.
Broker
Bd-swiss
Exposure Type
Unable to Withdraw
India
08-27
India
08-27
First the stupid rule
First the stupid rule of 3 minutes. This is done to ensure you will never gain profit. I scalp , especially during news releases
When my account made over 100% within the week, they blocked my login without any email or a call. When I contacted CS, they said illegal operations. Well, if you losses,nothing illegal. If you win, every trick on the books will apply. If you are really legit a broker, this won't be the case
Broker
TOPONE Markets
Exposure Type
Scam
India
08-27
India
08-27
Be careful, they are scammers
They charged me $400 for a swap on a trade I closed the same day. Then they said we didn't take the money and LP took it so we won't return it. Overall, this broker is irresponsible, and they might also take your money, saying that it wasn’t taken by them, but by the LP.
it is very shameful that your money is stolen by this broker, and they claim that the LP stole your money and it has nothing to do with the broker.
Even if the LP stole your money, the broker must give you your money Because it is the broker who chooses the LP, not the trader
Broker
STP Trading
Exposure Type
Scam
India
08-27
India
08-27
FXCC broker did not process
FXCC broker did not process my withdrawal request for more than 11 months The amount is 38718 USD.
I have tried to contact them many times but they do not reply to my emails or messages in the past 6 months (a screenshot of the opened ticket is attached).
I strongly believe they do some fraud or scam business.
I tried to explain to them that I will take legal action and complaint against them but they answer me my account is with the Vanuatu Island branch (email attached). This was a total surprise for me as I understand that they transfer my agreement and my account in HIDDEN WAY (without my permission) to Vanuatu Island (as I am not a resident of the EU). Worthy to mention that they do not have an active licence in Vanuatu to give forex services (email from VFSC is attached). however, they lie in their agreement that they have the licence number 014576 (clause of 2.2 in agreement) I have attached the agreement and the screenshot of that false information to decide customer.
Broker
FXCC
Exposure Type
Unable to Withdraw
India
08-26
India
08-26
fraudulent company.
fraudulent company. In case of profits, the company will not process the withdrawal, will fabricate reasons, impose unjustified penalties, and erase the profits. Avoid working with this company
Broker
dbinvesting
Exposure Type
Unable to Withdraw
India
08-26
India
08-26
stop loss triggered beyond my set up
Stop-loss orders were triggered far beyond my set levels, resulting in unnecessary losses that shouldn’t happen with a fair broker.
Broker
mBank
Exposure Type
Severe Slippage
United States
08-26
United States
08-26
I regret opening an account
I regret opening an account with this broker,slow and very long deposits and withdrawal.
You can't also withdraw any amount less than $20 .
So after taking $1 loss you can't withdraw the rest.
Broker
Windsor Brokers
Exposure Type
Unable to Withdraw
India
08-26
India
08-26
I opened several trades
I opened several trades in the shares of the "Pinterest" company in the aforementioned HYCM company. On October 29, 2020, I closed my positions with a profit of about $ 43,000. Then I made two withdrawal requests for the amount of 9,200 euros and 1,265,000 rubles. On October 30, 2020, at approximately 11:00 Moscow time, my withdrawal requests were canceled and my profits were canceled. Then this company sent a letter in which it accused me of violating some of the rules and stated that they were breaking off contractual relations with me. also in this letter it was reported that my profits are canceled and only the amount that I deposited into the account of this company earlier will be returned to me
Broker
HYCM
Exposure Type
Scam
India
08-26
India
08-26
Every winning position
Every winning position was eroded by slippage until my account balance turned negative
My experience with this broker ended with heavy personal losses caused by their practices, not the market.
Broker
Plexytrade
Exposure Type
Severe Slippage
United States
08-26
United States
08-26
large gap price difference
I suffered consistent financial losses here due to sudden price jumps that were not visible on any other reputable price feed. My stop-loss orders were hit prematurely, often by large margins, and the broker’s only explanation was 'market volatility'—even when the market was stable.
Broker
RoboMarkets
Exposure Type
Severe Slippage
Belgium
08-26
Belgium
08-26
Be careful to this Newton
Be careful to this Newton Crypto exchange
I deposit my BTCs to a based crypto exchange which is named 'Newton Global' few days ago, it took over 24 hours to be processed, it's way longer and quite abnormal behavior compared to those bigger exchanges, like Binance, OKX, Coinbase, Kraken etc., I asked Newton's rep, the rep told me it's just one time, it won't take that long in the future deposit.
However I'm kind of doubtful what the rep told me, so I was thinking about if the deposit took that long, how about the withdrawal? So I requested to withdraw exactly the same amount of BTCs that I deposited, then it's been over 48 hours so far, it's still the 'Pending' review status, in meantime no one from Newton contacted me to tell me what's going on there.
You can check the timeline below to get more details.
Broker
Newton Global
Exposure Type
Unable to Withdraw
United States
08-26
United States
08-26
Last week, I was trading
Last week, I was trading with a friend. I deposited $50,000. We used the same analysis and trading strategy, and we achieved good returns. However, this week, when we decided to withdraw our funds, my account was maliciously deducted from my profits for no apparent reason. Eight of my trades had clearly reached my profit targets, but the platform froze my account, citing "trading anomalies." Even worse, they directly deducted $4,300 of my profits, claiming "the system detected arbitrage." Now, my principal and profits, totaling $9,300, are withheld. I've filed a complaint for a month, and the regulator claims Dupoin's registration information is fake. How can such a blatant scam still exist? I urge everyone to avoid Dupoin.
Broker
Dupoin
Exposure Type
Scam
Malaysia
08-26
Malaysia
08-26
My trading account was
My trading account was suddenly disabled while I had open positions running, and I was helplessly forced to watch my money vanish.
Trading functions were completely disabled – I couldn’t close or manage my positions.
$61.59 was debited from my account simply as “charges,” without any action from me.
P2P deposit option was blocked.
Deriv X account was not even showing for fund transfer.
Their system kept showing errors, yet continued deducting money from my balance.
I contacted customer support multiple times through both the website login and WhatsApp, but nothing was resolved.
Broker
Deriv
Exposure Type
Others
Israel
08-26
Israel
08-26
ผมไม่เคยคิดเลยว่าแพล
ผมไม่เคยคิดเลยว่าแพลตฟอร์มซื้อขายที่อ้างว่าเป็น "ระดับสถาบัน" จะทำผิดพลาดเล็กน้อยในการดำเนินการคำสั่งซื้อขายได้ขนาดนี้ ตลอดสามเดือนที่ซื้อขายบน EBC ผมพบปัญหาความล่าช้าและการปฏิเสธคำสั่งซื้อขายมากกว่าแพลตฟอร์มอื่นๆ ในช่วงสามปีที่ผ่านมารวมกัน คำสั่งตัดขาดทุนถูกดำเนินการที่ราคาต่ำกว่าราคาที่ตั้งไว้ 25 จุด และขาดทุนจากการซื้อขายครั้งเดียวเกิน 2,000 ดอลลาร์ ผมไม่เคยเห็นแพลตฟอร์มที่ไร้จริยธรรมเช่นนี้มาก่อน พวกเขาบิดเบือนการซื้อขายที่ทำกำไรของผมจนทำให้บัญชีของผมระเบิด เพียงเพื่อป้องกันไม่ให้ผมถอนกำไร และยังทำให้ผมสูญเสียเงินต้นทั้งหมด 15,000 ดอลลาร์ เกือบสองเดือนผ่านไปแล้ว พวกเขายังคงจงใจหลอกลวงและปฏิเสธที่จะคืนเงิน ผมโพสต์ที่นี่เพื่อเตือนทุกคนให้คว่ำบาตรแพลตฟอร์มนี้ร่วมกัน และอย่าลืมตรวจสอบคุณสมบัติของแพลตฟอร์มอย่างละเอียด
Broker
EBC
Exposure Type
Others
Thailand
08-26
Thailand
08-26
Everyone, stay away from
Everyone, stay away from KVB Markets. They're a scam and manipulating accounts. I deposited 15,000 to follow the advice of a respected expert, and my account grew to 40,000. Then they interfered with my trading, placing seven large hedging trades that wiped out my account. Now I can't even complain to their email. I'm truly heartbroken, everyone. Don't trust them, or you'll suffer like I did. I also hope that investors will be more vigilant and not be fooled by KVB's false propaganda.
Broker
KVB
Exposure Type
Scam
Malaysia
08-26
Malaysia
08-26
i just can't understand
I have deposited money on RoboForex 2 weeks ago and now i'd like to withdraw it and they won't let me. They're not trying to help either on a Customer Service level,, all i'm getting are classic pre-typed replies.
Broker
RoboForex
Exposure Type
Unable to Withdraw
United States
08-26
United States
08-26
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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