it or associated services. Both ifsc uitvinder bitcoin vermogen and FPA suggest adopting caution while dealing with this company. InstaForex InstaForex is a big name in the world of Forex trading so it is difficult to call it a scam outright. Today we will list 11 brokers who you must stay away from to avoid any losses! Be Aware and Be CautiousAlways do your research and see if a broker is licensed to operate. This article should not be seen as absolute fact. Forex Peace Army acknowledges it as a scam and currently there are 3 FPA Traders Court guilty vote against the company. The Australian Securities and Exchange Commission has already warned the public from dealing with the company. People have even lost as much as 160,000 on the platform. If that doesnt stop you from trading with them, know that Forex Peace Army has also confirmed it as a scam broker. They are also applying for CySEC regulation and had taken down the ifsc statement and issued termination to the responsible party. They also dont attend to user communication or answer back to mails.
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The company also deducted amounts from accounts and forfeited all profits for false early fund withdrawal requests which were never made by users. Requests for fund withdrawals are not processed. But it was a complete lie and ifsc of Belize has put up a notice which confirms that they had not issued any license to them. You should never deposit anything with Tradorax and refrain from dealing with. The company even claims to be registered in New Zealand as a FSP and member of disputes forex trading account management resolution scheme- but as you may have guesses it is an utter lie confirmed by New Zealands Financial Markets Authority. You dont want to lose your hard earned money and get locked out of your account unable to access your funds! UFX Market, uFX Market and UFX Bank have won the award in the most unethical practices category! But it has also given rise to hundred of illegal and fraud companies who only want to rob your money.
You can also find many similar cases where the company refused payouts stealing account balances. Trade-24, trade-24 has taken scamming to a new level! Zulu - Afrikaans, rISK warning: your capital might BE AT risk.