Police Smash Forex Scam Network Operating from Pahang
A police raid on an unassuming home in Pahang has exposed a covert app-based fraud operation targeting foreign investors.
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Abstract:Does your forex trading experience with City Index face issues like repeated login failures, preventing you from trading in a dynamic market? Do you face deposit credit issues with the United Kingdom-based forex broker? Does the broker’s customer service team fail to respond to your queries? You are not alone! In this article, we have shared the trading complaints made by the traders. Take a look!

Does your forex trading experience with City Index face issues like repeated login failures, preventing you from trading in a dynamic market? Do you face deposit credit issues with the United Kingdom-based forex broker? Does the brokers customer service team fail to respond to your queries? You are not alone! In this article, we have shared the trading complaints made by the traders. Take a look!
Traders at City Index constantly face login failures, preventing them from accessing their accounts and placing the right trade. Due to this, the risk of potential loss lurks as many would like to close their positions amid an unforeseen market event. At the same time, some would like to unleash the favorable environment by opening fresh positions. Here are some login complaint screenshots.


Traders also witness deposit issues at City Index. While investigating the broker, we found two staggering deposit complaints. One trader admitted that the deposit failed because it was not made from a traditional bank. However, the trader was not informed of it before depositing, which puts City Index under the scanner. Another trader witnessed multiple deposit failures. Here are two different deposit complaints.


Bad customer service experience is increasingly becoming common for traders globally. The customer support officials do not respond to traders queries regarding the trading platform and other aspects. Here are some screenshots.

The WikiFX team reviewed City Index thoroughly by considering the trading complaints and regulation status. While the complaints sound serious, the lack of a regulatory status vindicates the issues traders witness here. Trading with an unregulated broker causes issues, and the case of City Index is one classic example. Considering the prevailing risks for traders, the WikiFX team gave City Index a score of just 1.77 out of 10.
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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.

A police raid on an unassuming home in Pahang has exposed a covert app-based fraud operation targeting foreign investors.

FSMA alerts the public to growing WhatsApp scams using fake investment tips, identity theft, and fraudulent trading apps targeting investors on social media.

OneRoyal is an Australian-based brokerage established in 2012 that offers trading services across global markets. With over a decade of operation, the broker has established a significant presence, holding licenses from top-tier regulators like ASIC and CySEC. However, despite its strong regulatory framework, recent user feedback paints a conflicting picture involving withdrawal struggles and severe slippage.

OneRoyal is an Australian-based brokerage established in 2012 that offers trading services across global markets. With over a decade of operation, the broker has established a significant presence, holding licenses from top-tier regulators like ASIC and CySEC. However, despite its strong regulatory framework, recent user feedback paints a conflicting picture involving withdrawal struggles and severe slippage.