Scam

WELTRADE

WELTRADE, you garbage platform, all the money pits I've struggled to find in Thailand! Last Monday at 9.00, I was staring at the GBP/THB movement chart. The night before, I analyzed nearly a week's worth of trading data and decided to buy 5 lots at 32.15. It turned out that after placing the buy order, the platform directly displayed 'order submission failed.' I thought it was a network issue, so I tried three more times, but the page remained stuck! After 10 minutes, it returned to normal, but the price had already surged to 32.48. I ended up with 64,500 THB less. What's even more infuriating is that when I contacted customer service, they said, 'You were too slow and missed the best timing.' They even used 'data logs' as an excuse, claiming network delays when I submitted the order. At that time, I was using the fastest fiber optic in Bangkok, with internet speed tests showing 100 Mbps—how could there be delays? I've lost nearly 200,000 THB in the past half-month due to platform freezes and failed orders. WELTRADE, are you deliberately playing games and trying to swallow my money?!

Scam

Tickmill

I work in foreign trade in Bangkok, Thailand, and I need to put my spare money on Tickmill to do Forex, and this broken platform makes me want to smash my computer! Let's say yesterday, I was staring at the movement of EUR/USD and was ready to close the market at 0.9825 at 10.15 pm after analyzing a lot of data the night before. And waited for this point to lock in profits. But as I pressed down, the platform just froze. The K line on the screen didn't move, like it was dead. I frantically refreshed, restarted the software, and even changed two computers at home and at the company. It was stuck for 47 minutes! And when it was time to recover, the price dropped to 0.9718. I lost 123,000 baht straight away. I complained to customer service. The woman would only say "temporary system maintenance". I asked why they didn't notify me in advance. She replied "emergency". I flipped through my trading records for half a month, and I only lost 3 times because of the platform.Caton, the total delay is nearly 300,000 baht! I'm doing foreign trade alone, is it easy to make money? Tickmill, you're a thief!

Unable to Withdraw

Xnzt666

The Rhino Smart Choice scam platform finds various excuses to withhold withdrawals. After failed negotiations, they directly disabled the customer service chat function, deceiving users. We hope the regulatory authorities will conduct a strict investigation.

Unable to Withdraw

RCM Brokers

A year ago, I opened a brokerage account on the fraudulent platform Meox Group. After a couple of months, they blocked my access and stopped responding. Recently, I was contacted by RCM Brokers, who asked why I wasn’t logging into my account on their platform. This was very strange since I had opened the account on a different platform. They then explained that they had supposedly absorbed that company (Meox) and that I was now their client. When they started pressuring me to deposit funds, supposedly to open promising trades, I remembered my previous negative experience and told them I wanted to close the account. They offered to verify me but did not provide verification. This is the same fraudulent platform I had registered with before—only the name has changed.

Others

Equiti

The platform maliciously deducted 2365.41 USD from my account on September 1st, and also banned my trading privileges. It has been two days since I sent an email, but the issue remains unresolved.

Unable to Withdraw

RockGlobal

This is a shady platform, everyone should stay away. The customer service initially said that as long as you hold a position for more than a minute, it would be a normal trade. So, I started trading, holding positions for at least a minute or more, with some orders even held over the weekend. At first, withdrawals were normal, but if you're lucky enough to keep making profits, the platform will claim that your profitable trades are in violation of their rules. They don’t mention anything when you’re trading, but once you profit, they accuse you of breaking the rules. If it was really a violation, why did they allow withdrawals before? Everyone, please stay away.

Others

Axi

I traded with the deposit bonus at axi. It was an auto rebate account linked to an IB, but I lost and ended up with a negative balance. Normally, I would expect it to be reset to zero right away, and the auto rebate for that trade would be credited. However, the auto rebate was granted on top of the negative balance, offsetting it, and as a result, the rebate is also zero. I complained, but nothing was done. Those who use the bonus should be careful.

Unable to Withdraw

EZINVEST

It has not been possible to withdraw cash, the account cannot be accessed after many attempts, and customer service cannot be contacted.

Scam

Xpoken

经纪商诱导进行亏损交易导致资本损失。请勿投资SCAN经纪商，您将被欺诈性合同所欺骗且无法收回本金。我保留了所有交易记录及报告的打印件。即便账户显示正余额和盈利，他们仍拒绝返还投资金额。他们以（不存在的）违约为由拒绝返还本金。

Others

Pepperstone

I was thrilled when I opened my first Pepperstone account and deposited $25. After making a small profit, I chose to withdraw the funds. I went to my email to confirm the withdrawal multiple times. I distinctly remember clicking to confirm the withdrawal. After waiting three days with no funds arriving, I contacted customer support to ask why the withdrawal hadn't been processed.

Others

ThinkMarkets

When opening the account in 2016, they didn't mention any account management fees. Then, without any notice, they secretly deducted the fees and claimed they could modify the agreement at will. They even said that to get the management fees refunded, you'd need to deposit another $1,000. Isn't this just the usual trick used in scams?

Scam

GoldStone

This platform is a fraudulent app. I hope the relevant authorities will conduct a strict investigation and provide me with a reasonable solution.

Unable to Withdraw

IQ Option

The platform does not allow the withdrawal of profits in my case; they took all the money I deposited and a big prize I won in a monthly tournament. They look for any excuse to ask you for a series of documents to verify, and even if you send everything, they eventually just block you and cut off all communication. Basically, you can't claim anything anywhere, and they keep scamming needy people who invest with the hope of making a profit on this platform, which, aside from stealing your money, manipulates the market to their advantage. My advice to anyone who might read this is not to invest in this platform—they will never give you the money you earn with your knowledge.

Others

ICM

On 6/11/2024, I had about 16 thousand in my account, and I had a gold purchase transaction and a few other transactions. I knew and saw that the price was dropping, so I decided to support my account with 15 thousand to prevent it from closing. I tried to deposit 3 thousand in stages, but the company's website had an issue. I always deposit with this card, which is a Visa card. The company's website had a logo of a palm tree and a safe, but they updated the site without informing anyone. I contacted the employee I registered through, and he told me there was a deposit issue and suggested I try another card. I tried, but the same problem occurred, even though I always deposit with this card without issues. I had Exness open to deposit, and I had several transfers. A company employee assisted me and gave me a deposit link, telling me to try depositing 800. I deposited with the same card, but the deposit was delayed. I informed him after half an hour, and he said it was a manual deposit. I asked how it could be manual, and he said it was temporary until the issue was resolved. The deposit was delayed for more than 60 minutes. I told him, 'How can a big company have delayed and manual deposits?' Later, when I sent an email and told them, 'You have a deposit issue, updated your website without informing anyone via email or anything, and caused me a loss,' the employee said, 'This issue is from your card and the bank itself.' I replied, 'How is it from the bank? I was depositing with you, and before it was a manual deposit...'

Scam

IEXS

The spreads suddenly increased ninefold, and hidden fees swallowed my principal of 50,000 rupees. My experience trading EUR/USD on IEXS from February to March 2025 was like a nightmare. The platform advertised 'spreads as low as 1.2 pips on major currency pairs,' but in actual trading, whenever Indian CPI data was released (such as at 12 PM on February 12), the spreads would suddenly spike from the usual 1.8 pips to 17.2 pips—a ninefold increase. On March 8, I traded two standard lots of EUR/USD, and the spread cost alone was $344 (approximately 24,000 rupees), $296 more than normal. A warning to Indian traders: stay away from this foreign platform, which uses ASIC licensing to deceive money through spread scams and hidden fees!

Scam

OneRoyal

VanRoyale claimed that "AI automatically analyzes market trends and guarantees a 20% monthly return," and also sent me several screenshots of "customer profits." I believed them and spent RM8,000 to purchase the system and deposited RM30,000. However, after using it, I realized the system often gave wrong signals, resulting in a loss of RM12,000 in just two weeks of October. They are committing fraud and manipulating accounts. On May 20, I deposited 15,000 to follow a trading guru. By May 27, my account had grown to 40,000. Then they intervened and executed seven large hedging trades, leaving my account empty. This is a false advertising scam, so they are undoubtedly fraudsters! If you have any funds with them, withdraw them immediately and stay away.

Severe Slippage

IEXS

Be cautious of execution risks during major data releases. Slippage on the central bank's overnight decision surged up to 32 pips, and my stop-loss order wiped out ₹21,000. I traded the USD/INR currency pair on IEXS, setting a stop-loss at 68.50 for a standard lot long position. When the market reached 68.52, the platform delayed closing the position for 8 seconds, ultimately forcing an execution at 69.15. This 32-point slippage resulted in a $305 loss (approximately ₹21,000)—equivalent to half a month’s rent in Bangalore. By May, the total loss from slippage had reached ₹58,700. Yet, this platform still broadcasts Hindi ads on WhatsApp promoting 'zero slippage trading.' This regulatory arbitrage-style loot is utterly shameful.

Scam

JustMarkets

It's been almost half a month since the order book and quotes stopped matching. It's not slippage—there's a nearly fixed spread difference of over 3 times compared to the order book. So even if scalping profits appear, when selling, the spread is 3 times wider, leading to liquidation in full margin cases. Customer support is just a chatbot repeating the same responses with no visible intent to resolve the issue. Based on observation, the manipulation sequence is as follows: 1. Deposits are processed extremely fast. 2. When profits increase and withdrawals become frequent, withdrawal speeds slow down. They make system-related excuses, and errors start appearing. 3. Account withdrawals get automatically canceled, and they keep asking to retry, repeating this behavior. Then, the entire amount disappears from the account. If the amount isn't large, they claim everything is back to normal and redeposit the funds—hahaha. 4. They split withdrawals and delay them to induce trading. If you still don't lose, suddenly the spread widens drastically. Note: It's not slippage—they keep providing quotes that don't match the order book to force liquidation. If you open additional trades while using full margin, the spread becomes so wide that you can't even cut losses or take profits, leading to liquidation. 5. Even though the manipulation is blatantly obvious, they keep lying, saying they're reviewing or investigating.

Severe Slippage

CFI

Frequent slippages make you think the spread is low on the screen, but in reality, it's very high during execution. Most pending orders are not taken until a deal hits the target, then they screw it up with a loss. Its problems are very many, especially the spread and slippages. I'm talking about the Dubai branch—I do not recommend dealing with this broker. It's completely untrustworthy.

Scam

WELTRADE

Last week, your Thai client who claimed to be the 'Head Data Analyst' contacted me on Facebook, boasting about 'internal data sources from the stock exchange' and the ability to accurately predict crude oil inventory data. I foolishly believed your lies and heavily traded crude oil based on your advice before the EIA data was released. The market crashed by 3.50 dollars! The most shocking part was that you manipulated the closing price! The market closed at 81.50, but your platform displayed a price of 80.80, forcing me to liquidate my long position! Afterward, I compared data from up to 8 different platforms and found that only your platform showed such a significant discrepancy in the closing price! After I got a margin call, your Thai customer service even shamelessly claimed, 'It's an automatic price settlement system,' and had the audacity to recommend I purchase their 'Supreme Data Service' for 12,000 baht per year, claiming I could access 'real settlement data'!