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Beefy Coin Ltd: Withdrawal Caused Account to be Locked?!

WikiFX

| 2022-09-16

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.

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.

Broker Forex trading Forex Broker

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Related Brokers

Unverified

Beefy Coin Limited

http://www.bfy-c.co/en

1.57

Score

2-5 yearsQuestionable Regulatory LicenseSuspicious Operational RegionHigh Potential Risk

1.57

Score

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