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BGI Burst Clients' Accounts with an Unaccountable Mistake
Abstract：Trading with signal providers is a common "shortcut" when it comes to making money from the currency markets passively, especially for impatient traders who do not have the time and effort to learn to trade personally. However, nowadays there are too many signal providers in the forex market, making it difficult to know which ones can be trusted.
Trading with signal providers is a common “shortcut” when it comes to making money from the currency markets passively, especially for impatient traders who do not have the time and effort to learn to trade personally. However, nowadays there are too many signal providers in the forex market, making it difficult to know which ones can be trusted.
Bullet Global Investment (BGI) is a brokerage firm in the United States. According to WikiFX's strict evaluation system, BGI is a broker that has a relatively low score because it does not have a valid license to support its operation.
Recently, WikiFX has been receiving a continuous stream of Exposure submissions from victims of BGI about its provided signals.
BGI offers signal services for traders who are looking to make money passively. It has over 1,200 members in a separate app/group.
When it comes to social trading like this, nothing is guaranteed. Traders that are blindly following the trades will never know the real strategy behind those signals, or if the master trader is reliable, to begin with.
Readers can learn more about the truth of social trading here: https://www.wikifx.com/en/newsdetail/202208049624696314.html
The worst-case scenario in following trading signals is blowing up one's account without even knowing what went wrong. This was what happened to this BGI victim who reached out to WikiFX (see the screenshot below):
In response to the incident which caused not just one, but many victims' accounts to be blown completely, BGI released a statement like this pushing responsibility away from BGI. Although nothing can be guaranteed in trading, BGIs way of handling such incident is irresponsible.
If you are currently relying on BGIs signals, WikiFX advises you to always be alert and stay cautious. It is better to choose a broker that is more reputable, more established, and operates under the regulation of an authority body, with valid licenses. We want you and your trading funds to be safe at all times.
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.
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The 5%ers Review: Is it a Scam or Legit? Find Out from These Trader Comments
Did you face reduced leverage and hiked fees without any explanation from The 5%ers broker? Do you find The 5%er rules strange for getting a funded account from this prop trading firm? Has the broker closed your trade inappropriately, preventing you from making gains in the forex market? All these allegations have dominated The 5%ers review segment online. Looking at this, the WikiFX team investigated and found some startling comments against the broker. In this article, we have shared those complaints. Read on!
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OmegaPro Review: Traders Flood Comment Sections with Withdrawal Denials & Scam Complaints
Has your deposit and withdrawal scenario worsened after the initial good experience at OmegaPro, a UK-based forex broker? Does the broker ask you to invest when withdrawing your funds? Did the broker officials trap you with their false promises of compound interest on your deposit? Have you found it impossible to transfer funds from your OmegaPro login to another broker’s account? Do you witness a lack of support when dealing with these unfortunate trading circumstances? These are no longer isolated complaints — they have allegedly become the reason for OmegaPro’s tarnished trust and reputation within the trading community. Read on as we share the OmegaPro review in this article.
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Inzo Broker presents itself as a modern forex and CFD broker, started in 2021 and registered in Saint Vincent and the Grenadines. At first glance, it offers an attractive package for traders: access to the popular MetaTrader 5 (MT5) and cTrader platforms, different types of accounts for various budget levels, and a wide selection of assets to trade. These features are made to attract both new and experienced traders. However, a closer look shows a big difference between these advertised benefits and the real risks. The broker works under an offshore regulatory system, which gives limited protection to investors. More importantly, Inzo has collected many serious user complaints, especially about withdrawing funds and changing trading conditions unfairly. This mix of weak oversight and serious user claims creates a high-risk situation that potential clients must carefully think about. This review will break down these parts to give a clear, fact-based view.
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