Heads-Up! A Staggering Forex Fraud!

Recently, the police have announced a major fraud case that involved tens of millions of dollars with a total of 164 criminal suspects arrested.

Based on the published information, illegal platforms named GUOTAI and GUOTAIFX were actually born from the same root. Their tricks are disclosed hereby.

Ms. Chen chatted with a man online in March this year who has always shown himself as a talent in wealth management and profit gaining. He was willing to lead Ms. Chen to affluence, thereby recommending GUOTAI to her. Ms. Chen made deposits on this platform several times, totaling hundreds of thousands of dollars. As a result, she found this guy disappeared instead of gaining her expected returns.

Mr. Yang came across GUOTAIFX in May last year, and his withdrawals were delayed for excuses by the customer service all the time, including a withdrawal applied by him last June which has been unavailable so far.

Mr. Li got to know GUOTAI in 2015, and his ordeal of unavailable withdrawals commenced last July that have been refused due to “system upgrade”, an excuse used by the customer service several times.

Based on WikiFX, GUOTAI is only authorized by Chinese Gold and Silver Exchange (CGSE), a private regulator in Hong Kong, while GUOTAIFX is under no effective regulation!

It is reported that illegal forex platforms rooted in GUOTAI are more than these two mentioned herein, and they are investigated by the police at present. Please watch up for “GUOTAI-related” forex platforms!

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