Global Broker Regulation Inquiry App
WikiFX
Amount resolved within one month(USD)
$197,161
Number of People Resolved
15332
EBC Forex is a complete
EBC Forex is a complete scam! I deposited $25,000 in March of this year. After trading for two weeks, I wanted to withdraw $8,000 for an emergency. After submitting my application, the platform initially said "bank card information is incorrect"—but I checked and confirmed it was exactly the same as when I deposited! After resubmitting, the withdrawal application was stuck at "identity verification." Customer service then said, "Additional proof of source of funds is required." They also requested the past three months of payroll and tax returns! When I contacted customer service to simplify the process, they sent me a taunting voice message: "If you don't have money, don't trade forex. If you can't even provide this little proof, I'm afraid your funds are not legitimate." After over a month of this, my withdrawal application still wasn't approved, and I couldn't access a single cent of my account! EBC is deliberately creating numerous obstacles to prevent investors from withdrawing
Broker
EBC
Exposure Type
Scam
Malaysia
08-25
Malaysia
08-25
They use false advertising
They use false advertising to trick investors into depositing funds, then use all sorts of tricks to drain their principal. It's disgusting. I initially believed Weltrade's "zero slippage, low fees" rhetoric, but it was a complete scam. Slippage can be over ten points in normal market conditions, and the fees are three times higher than promised. When I contacted customer service, they simply said, "It depends on actual trading." My account was inexplicably frozen, and my funds became "dead money." The customer service was terrible, hanging up before I even finished answering my question. Later, when I complained to regulators, I discovered the platform's so-called "compliance regulations" were fake! This kind of unregulated, no-support, black market platform should be shut down!
Broker
WELTRADE
Exposure Type
Scam
Malaysia
08-25
Malaysia
08-25
Deriv is a blood-sucking
Deriv is a blood-sucking platform with no moral compunction! I made $2,800 in profit last month and applied for a withdrawal. It took 10 days for the funds to arrive, and only $1,900 remained! When I contacted customer service, they said "hidden service fees and exchange rate differences were deducted," but the deposit contract didn't mention anything about these at all! I asked for a detailed breakdown of the deductions, but customer service either sent vague documents or simply read them without replying. Later, I filed a complaint with the regulator, only to discover that their so-called "compliance qualifications" were forged! Why is my hard-earned money being arbitrarily deducted? This kind of fraudulent platform, which openly steals money, is unlucky for anyone who touches it!
Broker
deriv
Exposure Type
Unable to Withdraw
Indonesia
08-25
Indonesia
08-25
The Weltrade forex platform
The Weltrade forex platform is a cancer designed to rip off investors! I fully trusted their deposit process, but they maliciously deducted my funds on my first withdrawal. I requested a $5,000 withdrawal, but only $3,800 was returned. When I asked customer service why, they made up lies like "platform service fees" and "exchange rate differences." They never explained anything beforehand. Their trading tactics are even more infuriating. Every time the market fluctuates, they deliberately delay the trading, and by the time I can operate, I've already missed the optimal point, leaving all the losses on the user. The stop-loss and take-profit settings are completely useless. Several times, the stop-loss and take-profit levels were clearly reached, but they weren't executed. I watched helplessly as profits turned into losses. I advise anyone who wants to trade forex to stay away from Weltrade.
Broker
WELTRADE
Exposure Type
Scam
Malaysia
08-25
Malaysia
08-25
The EBC Forex platform
The EBC Forex platform is a complete scam! I was blinded to believe their deceptive propaganda, and now I regret it so much! I invested my money with complete faith, only to be met with endless obstacles when withdrawing. I submitted my documents countless times, but they refused, claiming they "failed to pass the review." Customer service either wouldn't respond for ages, leaving my funds stuck and unable to withdraw a single cent. Even more infuriating is the trading process. The slippage is ridiculously severe. My set stop-losses were repeatedly maliciously skipped. I watched my losses mount. When I confronted the platform, they blamed it on "market fluctuations," completely ignoring their losses. Their so-called "professional analysts" offered completely ineffective advice. I lost everything after following their advice a few times, and when I contacted them again, they simply lost contact. This dishonest platform, focused solely on scamming people, deserves to be exposed!
Broker
EBC
Exposure Type
Severe Slippage
Malaysia
08-25
Malaysia
08-25
I'm fed up with the scams
I'm fed up with the scams of the KVB Forex platform. They boast fantastically in their promotional materials, but in actual trading, spreads suddenly widen. Funds are no longer guaranteed, and they refuse withdrawals for no apparent reason. Furthermore, gold prices often gap up wildly during data releases. This platform is a leech.
Broker
KVB
Exposure Type
Scam
Malaysia
08-25
Malaysia
08-25
Slippage is outrageous.
Slippage is outrageous. When trading currency pairs on the EBC platform, the spread displayed as 1.25 pips at the time of click was instantly reduced to 2.5 pips. It's even more outrageous during the agricultural market. The order execution mechanism is even worse. Limit orders often fail to execute at the set price, and the client bears all losses.
Broker
EBC
Exposure Type
Scam
Philippines
08-25
Philippines
08-25
Over the period of 9
Over the period of 9 months, I have been called countless times. I did try their account by depositing 100$. Once I was approved the account said that there were no funds. I ended up depositing another $100 and again the account was not funded. After a lengthy back and forth, the funds appeared in my account. As far as the account itself, it cannot compete with ThinkorSwim, TradeZeroPro or even several banks that charge $9.99 per trade.
Also, they will not refund my money to my credit card after telling me they would take care of it immediately. I am currently still trying to get the funds back.
Never use this company if you want to see your money again...
Broker
Fortrade
Exposure Type
Unable to Withdraw
India
08-25
India
08-25
Hidden fees, high spread, high slippages
Wouldn't recommend cmc markets.
High slippage during volatile markets, laggy executions on their web browsers. Spread is quite inconsistent, and it seems like the spread would widens when it is close to the stop loss to take out your loss.
I decided to not trade on cmc and they hit me with a 15 NZD inactive fees per month. Meanwhile many other brokers would happily provide interest if I left my money in their accounts.
I wasn't planning to leave a bad review until the fees. Greedy greedy broker really. Definitely watch out for cmc.
Broker
CMC Markets
Exposure Type
Others
India
08-24
India
08-24
LMAX is a liquidity provider
LMAX is a liquidity provider of a broker I was trading with.
This particular broker accepts crypto, so I deposited crypto. The strategy didn't go well, so I asked my broker to withdraw. This broker requested the funds from LMAX, but now LMAX is questioning wether the funds belog to me or not.
It is not the brokers fault, it is LMAX's fault.
I have all the proof that the funds belong to me, and I have also approached LMAX directly. I never got a reply from them, they are just simply withelding my funds, and me or the broker cannot do anything about it.
So if you are a broker, don't ever work with LMAX, otherwise, you and your customers will soon be in trouble.
Broker
LMAX GROUP
Exposure Type
Unable to Withdraw
India
08-24
India
08-24
My account is 101338.
A
My account is 101338.
A few days later, I decided to open an account and made a Webmoney deposit of $ 61.00. And I've been trying to withdraw for a few days now and I can not. I do not see the option of withdrawal via Webmoney. I have tried all the options that appear and my withdrawal is always rejected. this is absurd. The company does not prove to be serious. For it gives me no explanation as to why withdrawal is being rejected. I want my money. I demand this. I look forward to a position of you with urgently.
Broker
ICM
Exposure Type
Unable to Withdraw
India
08-24
India
08-24
On three attempts to
On three attempts to withdraw funds, it has taken longer than 10 working days for me to receive my funds, my personal bank statement is required each time i request a withdrawal. I still have no received my third withdrawal.
Broker
markets.com
Exposure Type
Unable to Withdraw
India
08-24
India
08-24
Blocked my account when request withdrawal
Stay away from them! They are scammers. This broker don't want you to win trades. Now they have 3 days margin rule. This is another way to make money.
Broker
ATC Brokers
Exposure Type
Unable to Withdraw
India
08-24
India
08-24
FXCC broker did not process
FXCC broker did not process my withdrawal request for more than 11 months (withdraw initiated in SEP2020). The amount is 38718 USD.(a screenshot of my withdrawal is attached )
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.
Broker
FXCC
Exposure Type
Unable to Withdraw
India
08-24
India
08-24
I transferred 10k and
I transferred 10k and after 2 weeks my account has not been activated nor my funds have been returned.
Unbelievable how they enable the bank account to receive the money saying that to activate your account you just have to deposit, but after you do so they ask more questions about your background, and the only way you have to contact them is submitting a new contact form on the website each time, to which they reply every 2 days at best.
Update: it has now been 3 weeks and I am yet to receive my funds back or have my account active. I have sent 3 more contact forms and still completely ignored. Please don’t ever put your money here.
Broker
Swissquote
Exposure Type
Others
India
08-24
India
08-24
Withdraw via wire bank
Withdraw via wire bank transfer, over 15 days not receive, and I contact them, reply very slow til now, I still dont' receive my withdraw...terrible.
Broker
Darwinex
Exposure Type
Unable to Withdraw
India
08-24
India
08-24
very disappointing, never
very disappointing, never ever use this broker. It was good earlier but now it is bad. My withdrawal is pending since Sep-2024. I am not able to login my account and the customer is always away. There isn't anyone who can help you. No body is responding through email of chat. Scammer
Broker
BDSWISS
Exposure Type
Unable to Withdraw
India
08-24
India
08-24
I'm fed up with the spread
I'm fed up with the spread scams at the EBC Forex platform! The promotional pitches are incredibly high, but in actual trading, the spreads suddenly widen like the Mariana Trench. This is especially true for gold, which often gaps wildly when data is released. I can't help but watch my stop-loss get hit, unable to do anything about it. This kind of shady manipulation is simply exploiting traders like leeks! Are they deliberately setting up this trap to drain our accounts? Avoid this broker!
Broker
EBC
Exposure Type
Others
Malaysia
08-24
Malaysia
08-24
Fraud&scarmers .Alex, preethi and sarath
Dear Skyline& Support Team,
I am writing to formally raise a serious complaint regarding a trade executed on my account under the guidance of your Relationship Manager (RM), which has resulted in a substantial financial loss and a negative account balance.
📌 Trade Details:
- Instrument: NGAS (Natural Gas)
- Trade Type: Buy
- Lot Size: 2.00
- Entry Price: 3.020
- Current Price at Loss: 2.391
- Loss Incurred: –37,740.00 USD
- Account Status: Negative Balance
This trade was not initiated based on my independent analysis or consent. It was recommended and executed under pressure by your RM, despite my clear preference for risk-managed trading. The resulting loss has not only wiped out my equity but also pushed my account into a negative balance.
🚫 Withdrawal Blocked:
Additionally, I had submitted a withdrawal request for 3,000 USD, which remains unprocessed. This delay is unacceptable and appears retaliatory, given the disputed trade.
⚖️ Request for Immediate Action:
1. Revers
Broker
SKYLINE TRADING
Exposure Type
Scam
India
08-24
India
08-24
Withdraw
I am a customer of a2z Millennium. I was scammed and could not withdraw the amount. Account number: 31634
Broker
A2Z
Exposure Type
Unable to Withdraw
Tunisia
08-23
Tunisia
08-23
Exposure
Unable to Withdraw
Severe Slippage
Scam
Others
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Amount resolved within one month(USD)
$197,161
Number of People Resolved
15332
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