Home -
Original -
Main body -

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
SECURETRADE

Philippine POGO Scam Targets Over 5,000 Australians

WikiFX
| 2025-01-27 16:04

Abstract:Philippine POGO scam targets over 5,000 Australians through fake romantic relationships, cryptocurrency fraud, and organized crime networks exposed in Pasay City.

Philippine POGO Scam Targets Over 5,000 Australians.jpg

MANILA, Philippines— According to a joint statement issued by the Australian Federal Police, National Anti-Scam Center, Philippine Anti-Organized Crime Commission, and National Bureau of Investigation, a Philippine offshore gaming operator (POGO) scam has targeted over 5,000 Australians, the majority of whom are men over the age of 50, via fraudulent online schemes. The POGO, located in Pasay City, was raided in October as part of a large investigation.

Love Scams and Cryptocurrency Fraud

The scammers used popular online dating applications to entice victims into bogus romantic connections. After winning their trust, the fraudsters encouraged them to buy actual bitcoin, often asking for an initial payment of $300 to $500 Australian dollars. Once the victims agreed, the fraudsters would urge them to submit more money under the pretense of investing.

The National Anti-Scam Center used text messages to warn victims of probable fraud. Authorities underscored the gravity of the warnings, cautioning recipients not to give money to internet friends.

“We urge anyone who received a text message warning from the National Anti-Scam Center to take it very seriously and refrain from sending money to people you've met online,” according to the joint statement.

Operation Firestorm Exposes the Network

The crackdown, part of Operation Firestorm, which targets offshore organized criminal networks, yielded critical information regarding the swindle. Investigators discovered Australian phone numbers and encrypted texts on the devices seized during the raid. Many scammers pretended to be Filipinas living in Australia or the Philippines to gain the trust of their victims.

Authorities urge people who donated money to take quick action to safeguard themselves and cooperate with law authorities.

Final Thoughts

This case demonstrates the complex nature of internet fraud and the importance of international cooperation in tackling cybercrime. The public is encouraged to be watchful, check the legality of online interactions, and report any questionable activity to authorities.

Footer.jpg
Philippine Securities and Exchange CommissionPhilippinesPH SECMarket NewsBreaking NewsFraud AlertInvestment ScamScam Alert

Read more

Deposited at New Frontier, Then Locked Out—Funds Never Came Back - The Real Story of a Trader

There are few feelings in trading more sickening than this one: you funded your account, you walked away confident your money was safe, and when you came back to check on it, the platform calmly informed you that your login details were wrong. Not your trades — your very identity, locked out. And on the other side of that login screen sits a balance you can no longer touch and a support team that has gone silent. That is the heart of a complaint filed against New Frontier on WikiFX. One trader reported depositing 40,500 pesos, returning to log in with the exact email and password they had registered, and being told the data was "incorrect" — which, in their words, meant their earnings had simply been taken. Customer service, they said, did not react. Let's look closely at this broker, what makes its profile so unsettling, and why verification here is not optional.

Original 2026-06-03 18:24

Headway Review 2026: Examining the Latest Withdrawal, Slippage and Spread Complaints

Did your profits disappear just as you tried to withdraw funds from your Headway account? Have you been manipulated in the name of a forex bonus challenge by receiving a negligible sum compared to what was promised? Did you face capital losses due to abnormal spreads and slippages? Your issues resonate with others who have complained about the broker online. In this Headway review article, we have investigated these complaints while providing our firm view on the broker’s regulatory oversight.

Original 2026-06-02 20:54

Pay a 17% Tax First, Then You Can Withdraw" — How Nixse Allegedly Held One Trader's €25,000 Hostage

Imagine logging into your trading account and seeing a balance of €25,860. You started with €12,450, you traded carefully, and now you want to pull out a modest €5,000 — money that, on paper, is sitting right there waiting for you. Then the message arrives: before you can withdraw a single euro, you must first pay a "stock market flat tax" of 17% on all your earnings. That is more than €4,400, demanded upfront, with no invoice, no official document, no legal basis whatsoever. You refuse. Your account is promptly frozen. That is not a hypothetical. According to a complaint filed on WikiFX, it is exactly what one French trader says happened to them with Nixse — and it is a textbook example of one of the oldest, ugliest tricks in the online trading world. Let's unpack what Nixse is, what users are reporting, and why the warning signs around this broker are flashing bright red.

Original 2026-06-02 20:17

TotalFX Dangles 1:1000 Leverage and a $0 Minimum Deposit - But Is Its Regulation Strong?

On the surface, TotalFX reads like a brand-new trader's wish list come to life. No minimum deposit, so you can start with almost nothing. Leverage cranked all the way up to a jaw-dropping 1:1000. Spreads advertised from 0.0 pips. Both MetaTrader 5 and cTrader available. Copy trading baked right in. Tick, tick, tick, tick. If you were building a checklist of "things that make a broker look beginner-friendly," TotalFX would seem to hit nearly every box. But how strong is its regulatory background? Let's find out!

Original 2026-06-02 18:05

WikiFX Express

XM
FXTM
IC Markets Global
EC markets
TMGM
FOREX.com
HFM
pepperstone
octa
SECURETRADE

WikiFX Broker

GTCFX

GTCFX

Regulated
HFM

HFM

Regulated
IC Markets Global

IC Markets Global

Regulated
eightcap

eightcap

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
AVATRADE

AVATRADE

Regulated
GTCFX

GTCFX

Regulated
HFM

HFM

Regulated
IC Markets Global

IC Markets Global

Regulated
eightcap

eightcap

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
AVATRADE

AVATRADE

Regulated

WikiFX Broker

GTCFX

GTCFX

Regulated
HFM

HFM

Regulated
IC Markets Global

IC Markets Global

Regulated
eightcap

eightcap

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
AVATRADE

AVATRADE

Regulated
GTCFX

GTCFX

Regulated
HFM

HFM

Regulated
IC Markets Global

IC Markets Global

Regulated
eightcap

eightcap

Regulated
EBC FINANCIAL GROUP

EBC FINANCIAL GROUP

Regulated
AVATRADE

AVATRADE

Regulated

Latest News

BONUS Review 2025: Is This Forex Broker Safe?

WikiFX
2026-06-01 13:30

Trading.com Secures MiCA Licence in Cyprus as Crypto Access Becomes Part of Its EU Strategy

WikiFX
2026-06-01 17:16

The Hidden Risks of Margin Calls and How to Trade Trends Safely

WikiFX
2026-06-02 12:30

T4Trade Review 2026: Official Warnings and Withdrawal Risks

WikiFX
2026-06-02 14:00

LONG ASIA Review 2026: Withdrawal Complaints and Unverified Regulation

WikiFX
2026-06-02 13:30

TotalFX Dangles 1:1000 Leverage and a $0 Minimum Deposit - But Is Its Regulation Strong?

WikiFX
2026-06-02 18:05

Pay a 17% Tax First, Then You Can Withdraw" — How Nixse Allegedly Held One Trader's €25,000 Hostage

WikiFX
2026-06-02 20:17

How to Read Market Reversals Through Price Action and Indicators

WikiFX
2026-06-03 09:30

A Single TikTok Ad Cost Him RM100,000

WikiFX
2026-06-03 12:07

LONG ASIA Review: Broker Complaints, Regulation Gaps, and Withdrawal Alarms

WikiFX
2026-06-03 13:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

BROOKLYN EQUITY MANAGEMENT

BROOKLYN EQUITY MANAGEMENT

GrossPay

GrossPay

HEXTRA CAPITAL

HEXTRA CAPITAL

Sync Trade Ltd

Sync Trade Ltd

CLEARPEAK TRADE

CLEARPEAK TRADE

Talonfx LTD

Talonfx LTD

Axion Capital

Axion Capital

IBO INTERNATIONAL

IBO INTERNATIONAL

BENCAPITAL

BENCAPITAL

G4Trade

G4Trade