​List of Forex Scams Newly Revealed in 2021!

WikiFX News (27 Feb.) - Illegal platforms keep cropping up in 2021, and defence was well-nigh impossible against such scams. Therefore, WikiFX has compiled a list of complaints recently received about scam platforms, which may help place investors on alert.

1. NEW HONGSHENG LIMITED:

Mr. Chen revealed that he came into contact with the NHL under the guidance of a friend online, who encouraged him to add deposits after the first profits. Mr. Chen tried to withdraw his funds in the suspicion about the online friend but ended up with failures.

Obviously, it is a pig-butchering scam. Scammers attempt to win the trust of victims before tricking them into a trap. Thus victims will suffer a double blow in both emotion and finance. Therefore, investors must be cautious when making friends online and do not accept any investment advice. The official website of the NEW HONGSHENG LIMITED still works. Please stay away from it!

2. JINOU

The broker was registered in Hong Kong in 2017 but was never supervised. Claiming to be a licit broker, JINOU gathers customers on a scam platform in which the data is all fabricated itself.

Mr. Wang revealed that he participated in the bonus activity of JINOU. However, the customer service said more transactions were required before withdrawing money. Mr. Wang ended up with failed withdrawals. Moreover, the broker JINOU has skipped town.

Conclusion

The scams could have been avoided by identifying the brokers on WikiFX. By doing so, how can we get deceived anymore？

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