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Company Name
ShineTrader Limited
Company Abbreviation
ShineTrader
Platform registered country and region
Singapore
Company website
Pyramid scheme complaint
Expose
No data
No Regulation
Score
1.46 /10
Danger
ShineTrader
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 17
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.65
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Broker Information
More
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2024-12-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
Exposure
17 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
I want to withdraw
last 3 month nobody contact me I will send money 735000¥ I want to withdraw my money please help me
2022-02-22 17:06
Others
Scam member
Induced to deposit and disppeared with the trader at the same time. All the money was taken by them. Everyone be careful. Report to police if you meet them.
2021-12-03 08:29
Others
Transferring positions...
My funds are stuck and cannot be withdrawn. I received a message this afternoon. Shine Trade transferred the deposit funds information of the MT5 account to Spark Global. This is equivalent to a transfer of positions and departure? Fraud dealers, do you want us to wait?
2021-11-16 22:32
Unable to Withdraw
I want my money back
This is my ninth message. So far I have not received any reply to my messages so I have made this decision today I will come to your institution I will not go until my money is refunded. I kindly request you earlier but no response so I made this decision I am sorry I came to your institution. If there is no ash in this message too I will surely go and get you there You would have been embarrassed so I thought it was my duty to come with advance notice
2022-03-09 17:34
Others
The server closed the link. Unable to close the position. No one answered the phone in the broker.
After Malaysia called the police yesterday, the server was disconnected and no one could be contacted.
2021-11-15 13:35
Unable to Withdraw
Unable to withdraw
The withdrawal authority of the account is restricted. In order to ensure the safety, please verify the remittance by yourself. After establishing an account connection, the withdrawal function will be available.
2021-08-01 09:08
Unable to Withdraw
Scam platform
My account number: 8015116, unable to withdraw. The company accused me of violating the rules and regulations after I paid the income tax, and then they started to freeze my account in the name of protecting my fund. I can't believe they withheld my deposit. What kind of platform is this?
2021-11-05 21:44
Unable to Withdraw
Scam platform
From the beginning of the formal application for withdrawal, the name was created. The customer provided a different deposit account and the settlement. After the profit tax was paid, the deposit + profit + judicial justice fund was solved. The customer was close to collapse and then asked for a conversion. What's the joke? It can provide market information for operation, and the other side tells you the illegal operation, which is really incomprehensible!
2021-11-03 23:00
Unable to Withdraw
Unable to withdraw
I was told that my password was changed even though I did not change it by mistake in order to protect my account
2021-07-02 12:45
Unable to Withdraw
I want to withdraw
How many people have I texted now? No one me contact me The hard-earned money I put into this. So please give me my money back. I never thought we would find people lying like this. I look forward to hearing from you soon
2022-02-04 17:21
Others
Fraud platform
I deposited for 2 times and the balance was still of some investment. I reported it but could not close the position on it. I failed to contact it. The data disappeared and the broker did not replied. I can provide relevant evidence if you have the same case. I don't know where to report the case.
2021-11-16 17:00
Resolved
Unable to withdraw
I used ShineTrade on the MetaTrader 5. I was invited to invest in foreign exchange under the name of Live. I first deposited 110,000 yen. I operate with an investment of 110,000 yen. At that time, I got the profit application for cash withdrawal and completed it. I was told my account was blocked, but it did not tell me that I would be fined if I operated it while withdrawing. If I pay a fine of $1,498, I can apply for a withdrawal in my account. The withdrawal request was also rejected without explaining the rules for investing in foreign exchange. So when I decided to pay the fine and asked him to lower the amount, he told me that I could pay a fine of 100,000 yen. Since 100,000 yen was a lot for me, I applied for a exemption application of 70,000 yen. At that time, I was told that if I paid 70,000 yen in advance, I would apply for a reduction, so I deposited 70,000 yen. After the remittance was completed, because the 70,000 yen exemption application failed, I was told to remit the remaining 30,000 yen. I could not send any more money. I was fined without being informed of any reason.
2021-07-20 18:06
Others
MT5 server starts closing connection today.
The fraud platform asks customers to wait for notification, and the results interrupt contact. Alarming. Please expose their actions one by one.
2021-11-13 19:11
Others
The server is shut down. Everything was likely to gone
The server is shut down, no contact is found, and the position cannot be closed so far. The position is close to liquidation. It is possible that the fraud company will run away. If anyone is deceived, please call the police.
2021-11-16 05:42
Unable to Withdraw
unable to withdraw
You guys say no. What are these then? You guys are the most aware, aren't you? Then I lied about the money and these photos. I don't accept whatever they say, they lie to me more and more. I don't need anything but my money. Just look at these we photos and do me justice. I always hope to get a good answer from you. thanks
2022-09-22 13:35
Unable to Withdraw
Can't withdraw funds
If you unknowingly connect to the ShineTrader app introduced on LINE by a woman you met on the dating app, I connect to customer support and open an account. Tell the woman that you have no money and lend the money you need. He said that if he makes a profit, he will refund the amount borrowed. When I told her about the trading account, a lady made a deposit. I made money in foreign exchange transactions, so I told the customer service to withdraw funds, and then I received an email saying that I should pay the deposit, and then I received an email saying that I should pay the service fee. If you complain to customer service because you cannot withdraw money because you have paid the service fee, you will say that someone else's money has been deposited, and LINE will come when you are suspected of money laundering. The account was frozen due to this suspicion. I contacted the lady who asked to unzip the account fees and deposit funds. That woman was banished to settle down because that was your money. I paid the defrosting fee, but it was not withdrawn, so I complained to the lady and the customer service department. Since women are an international platform, LINE came to me and confirmed with the customer service that this would not happen, and then I received a reply saying that I can withdraw by paying taxes. The tax is declared at the Japan Taxation Bureau, so is it not necessary? I heard that you can't withdraw money without paying taxes. Why did I pay the requested amount but did not withdraw it? I sent many complaints to customer service on LINE. I fight and complain about customer service. I was skeptical about the time I was asked and the time I paid, so I asked him to pay the service fee again until I was satisfied with the payment. I replied that I paid once but did not receive it. If the time is too long, he will send LINE to say that the money will be refunded. Where do you refund? I heard that it is deposited into a trading account. Can that company make a deposit without my consent? When I heard this sentence, I couldn't get a reply, and I couldn't pull it out to a woman. I told him to help me because I was in trouble. About two days later, LINE came from customer service. I quit my previous job, so I took over and took over. I got in touch with him. When can it be pulled out? When I asked, I got a reply, and after a while, I got a reply saying that the account was frozen. I'm still frozen because I don't believe that the customer service representative freezes the customer's account and asks for the unfreezing fee.
2021-06-18 00:52
17
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