Scam

EBC

EBC, you scammers! You specifically target businesses like ours in the foreign trade sector! I export electronic goods, and to mitigate exchange rate risks, I opened an account with your platform to trade USD/THB. But the data provided by your Thai team is extremely delayed! Normally, it should display when the foreign market is stable, but when crucial data is released, your prices lag behind the actual market by 2-3 minutes, causing all my hedging orders to execute at the worst possible prices! Even worse, you deliberately widen the spread in the backend, increasing the normal 3-pip spread to 20 pips during critical moments! I contacted customer service to confront them, but your Thai manager shamelessly claimed, 'This is normal market volatility!' I compared five different platforms, and none of them deceive us like you do! As a genuine exporter, our profits are already slim, and this scam has caused a loss of 2 million baht!

Scam

Tickmill

Last week, your Thai "gold coin data analyst" who claimed to be the owner of a company contacted me, boasting about an "internal central bank source" that could predict the direction of British pound interest rates. I foolishly believed your lies and followed your advice before the data was released, investing heavily in the market. But the market plummeted by 200 points, completely the opposite! Afterward, I cross-checked data from multiple platforms and found that the "historical volatility range analysis" you provided was entirely fabricated, with no key positions being accurate at all! Even more shocking was that during extreme market volatility, your platform experienced severe slippage, causing stop-loss orders to be ineffective and resulting in losses exceeding 50 points compared to normal market prices! After my position was liquidated, your Thai customer service representative even had the audacity to claim, "It’s your fault for not setting an appropriate stop-loss point." This is nothing but a sophisticated scam!

Severe Slippage

LiteForex

สเปรดพุ่งสูงขึ้น กินเงินต้นไปมาก และอินเทอร์เฟซภาษาไทยก็เต็มไปด้วยบั๊ก ในเดือนพฤษภาคม ขณะที่ผมเทรดคู่เงิน EUR/THB บน LiteForex ผมสังเกตเห็นว่าสเปรดขยายกว้างขึ้นบ่อยครั้งอย่างอธิบายไม่ถูก มันแสดง 2.5 pips ในช่วงเวลาซื้อขายปกติ แต่กลับพุ่งขึ้นทันทีเป็น 15 pips ทันทีที่ผมวางคำสั่งซื้อ ก่อนจะกลับมาเป็นปกติเมื่อปิดสถานะ ในคืนที่มีรายงานการจ้างงานนอกภาคเกษตรกรรมวันที่ 15 ตุลาคม สถานะซื้อ 5 ล็อตของผมถูกปิดลงทันทีเนื่องจากสเปรดขยายกว้างขึ้นอย่างกะทันหันเป็น 30 pips ส่งผลให้ขาดทุน 120,000 บาท ที่แย่กว่านั้นคืออินเทอร์เฟซภาษาไทยเต็มไปด้วยบั๊ก โดยปุ่ม "Stop Loss" เปลี่ยนเป็น "Close" เป็นครั้งคราว โฆษณาของแพลตฟอร์มที่ว่า "สเปรดคงที่" นั้นเป็นเรื่องโกหกโดยสิ้นเชิง ภาพหน้าจอจำนวนมากในฟอรัมผู้ใช้ภาษาไทยพิสูจน์ว่าพวกเขาได้ติดตั้งกับดักสเปรดแบบไดนามิกสำหรับคู่เงินบาทไทย มันน่าหงุดหงิดมาก อย่าเข้ามาใกล้

Unable to Withdraw

KVB

Thai customers, please avoid this platform as it consumes a significant portion of the broker's principal. Withdrawing funds is fraught with obstacles. In January 2025, I attempted to withdraw 150,000 baht from KVB but was notified of an 'abnormal account transaction' and required to verify the source of the funds. After submitting my salary slip and bank statement, I was asked to pay a '10% international transfer verification fee.' After paying 15,000 baht, customer service further informed me that 'Thai customers must provide an additional foreign exchange trading license,' a document that does not exist in Thailand. When I requested a refund, my account was suspended. I then contacted the headquarters in Hong Kong, but they responded that 'this matter must be handled by the Thailand branch,' and no one answered the phone. Inquiries with Thai banks revealed that my money had been transferred to a foreign account. If you have been deceived, please withdraw your funds as soon as possible.

Scam

WELTRADE

The bonus system traps your original deposit and the withdrawal requires a high condition. I was deceived by the '50% bonus' of WelTrade and deposited THB 200,000 for a THB 100,000 bonus. But when I wanted to withdraw THB 150,000 in December, I was told that I must trade '300 times the volume' to unlock it. From my typical trade, I would have to continuously trade 3,000 lots, which is impossible in the network environment of Thailand. What's worse, they secretly changed the terms, prioritizing account closing profits before the bonus. When I requested to cancel the bonus and only withdraw the principal, the customer service told me 'the account money is already linked to the bonus, and a forced withdrawal will incur a 50% penalty'. Now, my THB 280,000 in the account is seized. This platform is terrible, don't trust it at all.

Severe Slippage

Headway

The profit target was maliciously missed, and the profit instantly turned into a loss. On March 12, 2025, I opened a buy order for GBP/JPY on Headway and set the profit target at 185.50. When the market reached 185.52, the platform displayed a stop-loss at 184.80 and forced a profit-taking sell. The original profit of 6,500 THB turned into a loss of 9,200 THB. Customer service explained that it was due to "illiquidity," but the candlestick chart I extracted clearly showed transaction records. This situation occurred consecutively for three days during the release of important data, such as non-farm payroll and the Consumer Price Index (CPI). A senior trader in Thailand told me that this platform exploits the time difference between Bangkok and London and intentionally widens spreads during the Asian market's morning hours. My account details show that the cumulative loss from slippage in March reached 32,000 THB, and the platform refused to provide third-party liquidity proof. Thai traders should not be deceived by this broker—avoid it.

Others

EBC

This is a scam. As a foreign trader living in Bangkok, my EUR/USD trade order triggered a warning signal on the night the Non-Farm Payroll data was released on the 15th. I couldn’t reach my account manager, and the system automatically closed my position the next morning, causing me a loss of 42,000 baht. What’s even more frustrating is that after I filed a complaint, the customer service responded in English, saying 'market volatility is normal,' ignoring the 17 unanswered calls I made. They delayed the process by claiming 'data maintenance,' and the remaining 20,000 baht in my account was frozen due to 'suspected abnormal trading.' Avoid brokers like this—they can lead to losses. They are utterly irresponsible, just trying to trick me into depositing money and profiting from my losses.

Unable to Withdraw

Moneta Markets

The PAMM account managers called Nexobot in Brazil stopped authorizing withdrawals from Moneta Markets accounts. I contacted the Account Manager in Brazil, named Luiz, and he NEVER helped us, always making excuses - whereas in a SERIOUS brokerage, they would have closed any open orders and released the withdrawals!!!! We spent nearly 3 months BEGGING for withdrawals, and the Account Manager DID NOTHING, just like the contacts we made with Moneta itself—the support team told us to reach out to the Account Manager. We went through hell with this brokerage, and I personally lost around $1021 USD. RUN AWAY FROM MONETA MARKETS, WHICH COMPLICITLY TOOK PART IN THIS COPY TRADE HELL EXPERIENCED IN BRAZIL IN 2024, CALLED NEXOBOT.

Scam

Ultima Markets

स्टॉप-लॉस ऑर्डर बेकार हैं! सिस्टम के ठीक से काम न करने की वजह से मुझे 2,60,000 रुपये का नुकसान हुआ। K-लाइन चार्ट दूसरे वैध प्लेटफॉर्म्स के मुकाबले चार मिनट धीमे हैं। पिछले हफ़्ते, EUR/USD की कीमत अचानक गिर गई, और जब तक मैंने इसे अल्टिमा मार्केट्स पर देखा, तब तक यह 80 अंक गिर चुका था। मैं समय पर अपनी पोजीशन भी बंद नहीं कर पाया, जिससे मुझे 1,20,000 रुपये का और नुकसान हो गया! मैंने ग्राहक सेवा से पूछा कि क्या वे डेटा में देरी की समस्या को ठीक कर सकते हैं। अल्टिमा मार्केट्स का सिस्टम पूरी तरह से बनावटी है, और स्टॉप-लॉस फीचर पूरी तरह से धोखाधड़ी है। मैंने USD/JPY पर शॉर्ट किया और 143.2 पर स्टॉप-लॉस सेट किया। जब कीमत 143.1 पर पहुँची, तो मुझे राहत मिली, लेकिन सिस्टम ने कोई प्रतिक्रिया नहीं दी। जब तक कीमत 144.5 पर नहीं पहुँची, तब तक इसने मेरी पोजीशन अपने आप बंद नहीं की—एक 130-पॉइंट अमान्य स्टॉप-लॉस जिसकी वजह से मुझे 2,60,000 रुपये का नुकसान हुआ। यह पूरी तरह से ज़िम्मेदारी से बचना है। उन्हें भारतीय उपयोगकर्ताओं की ज़रूरतों की कोई समझ नहीं है और उन्हें उनके नु

Unable to Withdraw

KVB

KVB, you are truly shameless and deceitful! I've traded Forex before and constantly monitored data on your platform. But every time the market reaches a critical point, your data collapses like a kite with a broken string! The international market shows the EUR/USD exchange rate fluctuating steadily at 1.08, yet your platform suddenly jumps to 1.06, forcing my long position to be liquidated at a loss! When I contacted customer service, they claimed, 'It's due to network latency causing data discrepancies.' How can a 200-pip delay be acceptable? What's even more infuriating is the withdrawal issue! I submitted a withdrawal request two weeks ago, but there's still no response! Every time I contact customer service, they say, 'The financial system is under maintenance' or 'Additional identity verification is required.' I've even submitted government-certified passport documents—how much more verification do they need? You're just making excuses to withhold funds!

Scam

Headway

How many more investors will Headway deceive before they are satisfied? You keep boasting about your 'top-notch data sources' and 'accurate analysis,' but it turns out all of it is fake information fabricated by your Thai technical team! Last week, I went all-in on the GBP/USD buy signal your system provided. Every indicator showed a strong buy signal, and I double-checked five times. Yet, the market moved completely opposite to your data—plummeting by 200 pips! After thorough verification, I found that the data you provided didn’t even match the real market. Key support and resistance levels were all wrong, and even past candlestick charts were unfairly manipulated! Your platform charges high fees but delivers nonsense data that can’t even point in the right direction. The technical competence and professional ethics of your Thai team are shockingly low!

Unable to Withdraw

EBC

EBC, you are a bunch of heartless scammers! This lousy platform run by Malaysians not only provided terrible data that made me lose money, but now they won't even let me withdraw my funds. Are you trying to take away the money I worked so hard to earn? I believed your "data-driven" lies and followed your trades, only to lose a lot of money. I thought I'd quickly withdraw the remaining funds to stop the losses, but it's been almost a week since I submitted my withdrawal request, and the platform still shows "processing"! I don't think this is a data issue—it's because your Malaysian team is deliberately delaying withdrawals! My deposit was transferred instantly, but now withdrawing is unbelievably difficult. Isn't this clearly a scam? Stay away from EBC—this platform is like a bottomless pit. Malaysians have no moral conscience. Once you put money in, you can't figure out how to get it back!

Scam

WELTRADE

วันนี้การเทรดของผมพังพินาศไปเลยเพราะระบบห่วยๆ ของทีมไทยของคุณ! ราคาอัพเดทช้ากว่าตลาดไปสิบนาที แถมการตั้งค่า Stop Loss ของผมก็ใช้การไม่ได้อีกต่างหาก กว่าจะเริ่มเทรดได้ สถานะก็พังไปแล้ว! ผมรีบติดต่อฝ่ายบริการลูกค้าชาวไทยของคุณทันทีเพื่อขอคำอธิบาย แต่พวกเขากลับอ้างว่า "ความผันผวนของตลาดโลกควบคุมไม่ได้" แถมยังถามอีกว่าอินเทอร์เน็ตผมไม่ดีด้วยซ้ำ ที่น่าขยะแขยงยิ่งกว่านั้นคือ มีคนหนึ่งมาเยาะเย้ยผมตรงๆ ว่า "ถ้าไม่เข้าใจการเทรดก็อย่าเล่น!" ทีมไทยของคุณไม่มีทักษะและทัศนคติเอาเสียเลย แม้แต่การซิงค์ข้อมูลพื้นฐานก็ยังทำไม่ได้ แถมยังกล้าคิดค่าธรรมเนียมอีก! นี่ไม่ใช่แค่บริการแย่ๆ แต่มันเป็นการหลอกลวงชัดๆ! ผมแนะนำให้นักลงทุนทุกคน: ใช้ชีวิตให้คุ้มค่าและอย่าไปยุ่งกับ WELTRADE โดยเฉพาะในส่วนที่ทีมไทยดูแล ไม่งั้นคุณจะล้มละลายเป็นรายต่อไป!

Severe Slippage

Ultima Markets

Ultima Markets' order execution is intentionally slow. During market volatility, order execution performance deteriorates dramatically, causing devastating slippage. During the recent ECB interest rate decision, I placed a EURUSD market order. The platform recorded an execution delay of over 2.3 seconds, during which the price had risen by more than 25 pips. As a result, my order was filled at a much worse price than expected, immediately rendering my trading strategy ineffective. During the same event, my stop-loss order also experienced significant slippage, increasing my losses. This level of delay is completely unacceptable in today's technological environment and directly demonstrates that the infrastructure is incapable of handling normal market fluctuations, forcing clients to bear the full cost of their technical shortcomings.

Others

Ultima Markets

मैं कोलकाता का एक ट्रेडर हूँ। मैंने यहाँ 5,00,000 रुपये जमा किए थे। मेरी निकासी अस्वीकार कर दी गई और शिकायत दर्ज कराने के बाद, मेरा खाता भी फ्रीज कर दिया गया। मैं अभी भी अपना पैसा नहीं निकाल पा रहा हूँ। अल्टिमा मार्केट्स भारत में एक घोटाला है। मैंने 3,80,000 रुपये निकालने के लिए आवेदन किया, लेकिन उन्होंने "धन का स्रोत संदिग्ध" बताया और पिछले तीन वर्षों के मेरे टैक्स रिटर्न मांगे। मैंने उन्हें जमा कर दिया, लेकिन उन्होंने उन्हें "अधूरा" बताकर धनराशि जारी करने से साफ इनकार कर दिया। ट्रेडिंग के दौरान स्लिपेज किसी भी प्लेटफॉर्म की तुलना में सबसे खराब था। USD/CAD पर मेरा स्टॉप-लॉस 1.350 था, लेकिन मेरे बंद होने से पहले यह 1.362 पर आ गया। 120 अंकों की स्लिपेज के परिणामस्वरूप 2,50,000 रुपये का नुकसान हुआ। भारतीय उपयोगकर्ताओं को इस अनियमित प्लेटफॉर्म से बचना चाहिए, जो धोखाधड़ी वाली निकासी पर निर्भर करता है।

Severe Slippage

IEXS

भारतीय उपयोगकर्ताओं को निश्चित रूप से उन प्लेटफार्मों से दूर रहना चाहिए जो मूलधन को ठगने और निकासी बाधाएं पैदा करने के लिए झूठे विज्ञापनों पर निर्भर करते हैं। गैर-कृषि पेरोल रिपोर्ट की रात 200 अंकों की स्लिपेज! 700,000 रुपये की स्थिति को समाप्त कर दिया गया। बिना लाइसेंस वाला व्यापार एक घोटाला है। IEXS भारत में एक घोटाला है! उन्होंने "शून्य स्लिपेज" का विज्ञापन किया, और मैंने इस पर विश्वास किया और 700,000 रुपये जमा किए। हालांकि, गैर-कृषि पेरोल रिपोर्ट की रात GBP/CHF पर मेरी लंबी स्थिति 200 अंकों की स्लिपेज के कारण समाप्त हो गई थी। निकासी और भी धीमी है। मैंने शेष 80,000 रुपये की निकासी के लिए आवेदन किया, लेकिन इसे आने में पाँच दिन लग गए। हैदराबाद के एक उपयोगकर्ता ने पहले 500,000 रुपये जमा किए थे

Scam

Deriv

A platform that offers no guarantee of withdrawals. I have been trading in India for four years, and I have never seen a ridiculous platform like Deriv. I took a long position in GBP/USD on the night of the Non-Farm Payroll report. I had set the stop-loss at 1.2600, but the system closed it at 1.2450. That's a 150-pip drop, and I immediately lost 320,000 rupees. I applied to withdraw the remaining 500,000 rupees, but it took 18 days. No one responded to my requests. This platform lacks basic compliance and offers no withdrawal guarantees.

Severe Slippage

IEXS

बिना किसी कारण बताए मेरा खाता फ्रीज कर दिया गया। मेरे खाते में 6,00,000 रुपये फंस गए हैं। IEXS भारत में एक अवैध प्लेटफ़ॉर्म है। मैंने ट्रेडिंग के लिए 6,00,000 रुपये जमा किए थे, और अचानक उन्हें फ्रीज कर दिया गया। ग्राहक सेवा ने बस "अनुपालन समीक्षा" कहा। जब मैंने पूछा कि समीक्षा किस लिए है और इसमें कितना समय लगेगा, तो उन्होंने कोई स्पष्टीकरण नहीं दिया। उन्होंने या तो कोई जवाब नहीं दिया या कहा, "अधिक जानकारी के लिए प्रतीक्षा करें।" क्या वे आपके द्वारा मेरे पैसे गँवाने का इंतज़ार कर रहे हैं? ट्रेडिंग के दौरान स्लिपेज भी बहुत ज़्यादा था। USD/JPY पर मेरा स्टॉप-लॉस 141.5 पर सेट था, लेकिन मेरी पोजीशन बंद करने से पहले यह 142.8 पर आ गया। 130 अंकों की स्लिपेज के परिणामस्वरूप 2,70,000 रुपये का नुकसान हुआ। ग्राहक सेवा ने इसे "सामान्य" बताया। मैं इतना पैसा कैसे गँवा सकता हूँ? दो महीने तक कोई नतीजा नहीं निकला? भारतीय उपयोगकर्ताओं को ऐसे प्लेटफ़ॉर्म से बिल्कुल बचना चाहिए जो मनमाने ढंग से खाते फ्रीज कर देते हैं और जिनकी कोई निगरानी नहीं होती!

Severe Slippage

Headway

I've been trading for five years and have never seen such a shameless platform before. The data speaks for itself: Yesterday at 15.00 Thai time, the market was calm, but your spread for EURUSD easily widened to 3.5 pips! Meanwhile, my friend's spread on IC Markets only increased by 0.7 pips! I'm not blind! How many times the difference? 5 times! And that's not all—when the London market opened, it got even more ridiculous. The spread for GBPUSD could instantly spike over 8 pips! Last week during the U.S. CPI release, the spread for gold (XAUUSD) soared to 50 USD! Yes, you read that right—50 pips! It's like getting shot five times before the battle even begins! So progressive, so shameless. All you know is how to bully us Southeast Asian clients.

Scam

KVB

The spread seems normal during regular trading hours but widens significantly during Asian trading hours. When trading GBPTHB, the spread is often higher than 25 pips. Last month, my account was suddenly suspended, and I couldn’t withdraw the 500,000 Thai baht I had. The slippage during trading was the worst I’ve ever experienced. My stop-loss orders were never executed, and profitable trades kept getting disconnected. They don’t operate in Thailand, and the account freeze is just a scam! I advise all Thai people to avoid KVB—once your money is in their account, it’s theirs, and there’s no way to protect your rights.