Home -
Exposure -
Main body -

WikiFX Express

Exness
EC markets
TMGM
XM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
STARTRADER

WEBX TRADER: A Deceptive Broker Leaves Trader Stranded with $235,000 Loss

WikiFX | 2024-08-12 16:12

Abstract:A young trader from India has fallen victim to the deceitful practices of the broker WEBX TRADER. The victim, Daraman, aged 27, trusted the broker with a significant investment of $30,000, only to be left in a devastating situation where his attempts to withdraw his substantial profits were met with silence.

img_v3_02dm_63662cb2-209c-4761-b75b-21c314b6752g.jpg

A young trader from India has fallen victim to the deceitful practices of the broker WEBX TRADER. The victim, Daraman, aged 27, trusted the broker with a significant investment of $30,000, only to be left in a devastating situation where his attempts to withdraw his substantial profits were met with silence.

The Case

Daraman's ordeal began when a friend convinced him to start trading with WEBX TRADER. Like many others who venture into the forex market, he was drawn by the potential for financial gain. Initially, everything seemed promising—after depositing $30,000, Daraman made a few trades and decided to test the withdrawal process by requesting $1,000. To his relief, the withdrawal was successful, reinforcing his belief that he had found a trustworthy broker.

Encouraged by this initial experience, Daraman continued trading without making any further withdrawals. His trading journey was seemingly successful, with his account balance growing to an impressive $235,000. However, when he finally attempted to withdraw his profits, the situation took a dark turn. Despite repeated efforts to contact the brokers customer service, Daraman was met with excuses and delays. He was told that his account manager was unavailable, and soon after, the broker cut off all communication with him.

image.png
image.png
image.png
image.png
image.png

Desperate for help, Daraman reached out to WikiFX, a platform dedicated to exposing fraudulent brokers and protecting the legitimate rights and interests of forex traders. WikiFX took up his case, exposing WEBX TRADER's fraudulent activities to the public to serve as a stark warning to other traders.

WikiFX's primary concern has always been the protection of traders, and this case is no exception. The platform urges all traders to be vigilant and to thoroughly research any broker before investing their hard-earned money. What happened to Daraman could happen to anyone, and it serves as a powerful reminder of the potential dangers lurking in the forex market.

image.png

A Call for Vigilance

This case highlights the importance of due diligence when selecting a broker. Traders must be wary of brokers that seem too good to be true, as these often turn out to be traps designed to exploit their trust and investments. It's crucial to verify a broker's regulatory status, customer reviews, and overall reputation before committing any funds.

In conclusion, the tragic case of Daraman is a stark reminder to all traders to stay vigilant and to never place blind trust in any broker, regardless of initial positive experiences. As the forex market continues to grow, so too do the risks.

img_v3_02dj_6b7ddf2f-dce8-4504-87c1-642255897cbg.jpg
Forex tradingForex BrokerForex Analysis

Related broker

No Regulation
WEBX TRADER
Company name:webx solution (SV) Ltd and WEBX SOLUTION ltd
Score
1.45
2-5 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.45

Read more

Equiti Regulation: Compliance and Licensing Info

Equiti regulation includes CySEC, Cyprus, FCA UK, and FSA Seychelles. Review broker accounts, leverage, and platforms.

Original 2025-12-18 18:28

GMI Markets Announces Global Closure After 16 Years of Operation

GMI Markets, an FCA‑regulated forex broker, will cease global operations on Dec 31, 2025. Clients must withdraw funds by January 31, 2026.

Original 2025-12-18 17:34

TrueFX Review: Traders Report Inaccurate Forex Signals & Regulatory Issues

Losing trades due to misleading forex signals on the TrueFX platform? Followed all the instructions, yet you received losses? Have you been lured into trading with TrueFX because of the NFA-registered claim on its website? Many have reported these trading concerns online. In this TrueFX review article, we have discussed these complaints. Take a look!

Original 2025-12-18 17:29

SquaredFinancial Ends CySEC CIF License Operations

Cyprus broker SquaredFinancial winds down CySEC CIF license, shifting FX broker and CFDs clients amid regulatory transition.

Original 2025-12-18 17:10

WikiFX Express

Exness
EC markets
TMGM
XM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
STARTRADER

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Upway

Upway

Regulated
AVATRADE

AVATRADE

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Upway

Upway

Regulated
AVATRADE

AVATRADE

Regulated
Exness

Exness

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Upway

Upway

Regulated
AVATRADE

AVATRADE

Regulated
Exness

Exness

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
Upway

Upway

Regulated
AVATRADE

AVATRADE

Regulated
Exness

Exness

Regulated

Latest News

The "Broker Group" Abyss: How OmegaPro Trapped Thousands in a Digital Dead End

WikiFX
2025-12-16 14:30

FXORO Under the Microscope: Revoked Licenses and The "Advisory" Trap

WikiFX
2025-12-16 10:33

XXLMARKETS Review: Regulatory Status and Trading Conditions

WikiFX
2025-12-16 11:00

IUX Review 2025: Regulatory Status and Withdrawal Complaints

WikiFX
2025-12-16 12:30

Saxo Bank Review 2025: Regulatory Status and Safety Score

WikiFX
2025-12-16 13:00

AmariFX Review: Traders Annoyed by Slippage, Login & Withdrawal Issues

WikiFX
2025-12-16 17:10

Vida Markets Regulation and Broker Review

WikiFX
2025-12-16 17:35

Headway Broker Regulation and User Reviews

WikiFX
2025-12-16 18:30

MBFX Review: Withdrawal Denials, Fund Scams & Poor Customer Support Service

WikiFX
2025-12-16 19:41

Show This to Your Elderly Loved Ones | Online Scams Are Emptying Seniors’ Life Savings

WikiFX
2025-12-16 18:44

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Golden world stock

Golden world stock

CBCX

CBCX

Gold Mach Investment

Gold Mach Investment

SPECTRUM TRADERS

SPECTRUM TRADERS

WEALTH LIMITED

WEALTH LIMITED

Loft

Loft

REAL FFXTRADERS 24

REAL FFXTRADERS 24

HIGHMONT GROUP

HIGHMONT GROUP

SWITCHFUNDS

SWITCHFUNDS

Yieldmechewinnovate

Yieldmechewinnovate