Global Broker Regulation Inquiry App
WikiFX
English
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
Beefy Coin Ltd: Withdrawal Caused Account to be Locked?!
Abstract：The decentralized currency market is a massive goldmine for many. While retail traders attempt to make a life-changing amount of profit from this largest and most liquid financial market, there are also unethical syndicates attempting to target them as their easiest prey.
Beefy Coin Ltd is a Hong Kong-based broker that offers the trading of forex pairs, commodities, and cryptocurrencies.
Although Beefy Coin Ltd asserts on its website (https://www.bfy-c.co/) that it is an award-winning broker, WikiFX discovered that it is neither regulated nor holds a valid license.
Therefore, WikiFX gave it a low score for the high level of underlying risk that it may possess.
Todays article focuses on a withdrawal complaint that was submitted by a victim of Beefy Coin Ltd named Bruce.
The client intended to withdraw 1,000 USD from his account, but he discovered that this triggered Beefy Coin Ltd to lock his account, causing the remaining 38,000 USD to be stuck.
He tried to contact Beefy Coin Ltd for help, but to no avail – be it via phone calls or email.
When Bruce realized that he could have been scammed by Beefy Coin Ltd, he quickly contacted WikiFX for assistance. The images attached below showcase the conversation that Bruce had with WikiFXs customer service representative.
Currently, WikiFX is actively investigating this case. More information will be provided should we manage to progress further.
Meanwhile, Beefy Coin Ltd had reverted to Bruce that they need him to pay a foreign exchange income tax of approximately 29,211 USD before they could grant his withdrawal request.
WikiFX would like to highlight to our users that when a scam forex broker has gotten to the extent of asking for additional fees and withdrawals, it is highly probable that you have already fallen into their traps. Do not proceed with any further payments to minimize your losses. Read this article here for more information on such a scenario: https://www.wikifx.com/en/newsdetail/202209079914856356.html.
If you have unfortunately been scammed by a forex broker, this article is going to be handy for you.
Read more: https://www.wikifx.com/en/newsdetail/202206032924195275.html
Stay calm and follow the instructions listed. Remember, you are never alone in this. WikiFX is always here with you.
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.
Read more
Grand Capital Doesn’t Feel GRAND for Traders with Withdrawal Denials & Long Processing Times
The trading environment does not seem that rosy for traders at Grand Capital, a Seychelles-based forex broker. Traders’ requests for withdrawals are alleged to be in the review process for months, making them frustrated and helpless. Despite meeting the guidelines, traders find it hard to withdraw funds, as suggested by their complaints online. What’s also troubling traders are long processing times concerning Grand Capital withdrawals. In this Grand Capital review segment, we have shared some complaints for you to look at. Read on!
Original 7h
EmiraX Markets Withdrawal Issues Exposed
EmiraX Markets Review reveals unregulated status, fake license claims, and withdrawal issues. Stay safe and avoid this broker.
Original 8h
ADSS Review: Traders Say NO to Trading B’coz of Withdrawal Blocks, Account Freeze & Trade Issues
Does ADSS give you plenty of excuses to deny you access to withdrawals? Is your withdrawal request pending for months or years? Do you witness account freezes from the United Arab Emirates-based forex broker? Do you struggle to open and close your forex positions on the ADSS app? Does the customer support service fail to respond to your trading queries? All these issues have become a rage online. In this ADSS Broker review article, we have highlighted actual trader wordings on these issues. Keep reading!
Original 9h
INGOT Brokers Regulation 2025: ASIC vs Offshore License - What Traders Must Know
Explore INGOT Brokers regulation in 2025: Compare their ASIC and Seychelles FSA licenses, understand trader protection levels, and learn about potential risks in this detailed guide.
Original 9h
WikiFX Broker
Latest News
Consob Targets Political Deepfake “Clone Sites” and Unlicensed Platforms in Latest Enforcement Round
WikiFXWikiEXPO Global Expert Interviews: Gustavo Antonio Montero: ESG in Finance
WikiFX2 Malaysians Arrested in $1 Million Gold Scam Impersonating Singapore Officials
WikiFXIs FXPesa Regulated? Real User Reviews & Regulation Check
WikiFXFraud Mastermind Zhimin Qian Sentenced to 11 Years for $6.6 Billion Bitcoin Ponzi Scheme
WikiFXAlmahfaza Broker – 2025 Review: Safe or Scam?
WikiFXUniglobe Markets Review 2025: A Complete Guide to an Unregulated Broker
WikiFXINZO Broker No Deposit Bonus: A 2025 Deep Dive into Its Offers and Risks
WikiFXExness Broker Expands in South Africa with Cape Town Hub
WikiFXGlobal Guide to Finding Forex IBs/Brokers — Share Your Pick and Win Big!
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate