"Fake broker, Fake website" User accused

A user from India filed a complaint against FazoFx. The complainant wrote, “In February, I got a random call. He asked me to open an account with FazoFx. He said he would handle my account, and profit sharing would be 50%. After a few days, I agreed and opened an account. Then he provided me the links and email ID on which I received my account number and bank details and deposited $100. He said This is the minimum amount you can deposit and start trading.”

According to the victim, after 2 weeks, the representative started call him to add more funds so that he could earn more profit, and profit sharing would be divided by 50%. He added as per his advice. After adding 359 dollars to the account, He came to know that It's a fraud.

He stopped answering my calls and blocked my number. When I got to know that they are fraud brokers, I tried to take all my funds, but they replied that they couldnt take all the funds as after 30 working days you could take the full and final settlement amount. So that person told me to put 15 dollars in a withdrawal, but I put 30 dollars in a withdrawal, and they issued 30 dollars in my account.

A complainant stated, “After so many emails I send them and again when I place my rest of the amount withdrawal they blocked my emails and that person who suggested me to open an account with Fazofx also stopped responding to my calls.”

Install the WiKiFX app on your smartphone to stay updated with the latest news in forex.