Arab Trading Market Stunned by this Scam! Know about it & Beware

On February 2, 2025, the Arab world witnessed a resounding shock after complaints began to escalate against GlobTFX, a platform that claimed to offer traders “lucrative” investment opportunities but was hiding behind it the largest scams in the Arab trading market.

Victims in Algeria, Morocco, and Iraq began reporting serious problems, from account failures to blocking withdrawals under flimsy pretexts, and began investigating one of the most influential scams of late.

Sequence of events from February 2 until today

February 2: Exposure begins

• On this day, the first complaint began to appear on social media.

• New investors have faced strange technical problems when trying to withdraw their money.

• Some claimed that the platform deleted their accounts without any explanation.

February 10: Crisis escalates and WikiFX investigation begins

• At WikiFX, we started by monitoring an increasing number of complaints and investigating GlobTFX activities.

• Evidence has emerged confirming that the platform is based on a Ponzi scheme, where profits are paid to early investors from the funds of new investors.

• There was no real trading; the whole game was all about luring users to deposit and then gradually withholding their funds.

February 19: First partial compensation for victims!

In an unexpected turnaround, one victim announced in a social media post that he had received 50% compensation from GlobTFX. He wrote in his post:

“Thank God we were compensated from the global platform GlobTFX Thank you to everyone who stood with us. Thank you to wikifx for the wise mediation it has made Thank you to GlobTFX for the tremendous efforts it made to contain the crisis and come up with a solution that satisfies all parties Good luck to all”

• But there were hidden and worrying details: the compensated funds remained inside the platform itself, and traders could not withdraw them immediately!

• Only profits from fake trades were withdrawable, while the underlying capital remained locked up.

• GlobTFX has imposed a new condition: Investors must wait 100 days before they can withdraw their funds in full – if they can at all!

February 26: Live broadcast with victims on platform X

• We conducted a live broadcast on platform X, where we spoke with several traders who were affected by this disaster.

• All of them confirmed that they received theoretical compensation within the platform, but none of them have been able to recover their real money yet.

• Victims are still skeptical and anticipating. Will GlobTFX allow them to withdraw their money after 100 days?

How does GlobTFX work & what evidence proves its fraud?

1. False promises of huge and irrational profits

• GlobTFX promises traders consistent returns of up to 3-4% per day, which is impossible in any legitimate investment market.

• It relies on massive social media promotional campaigns using fake accounts and scam traders to impress new victims.

2. How to deceive investors and steal their money

• The platform requires users to deposit a minimum of 30 USDT to start “quantitative trading”.

• In fact, there is no real trading – funds are only moved between accounts to deceive users.

• The platform is based on a Ponzi model, where profits are funded from new users' deposits rather than making any actual gains.

3. Technical manipulation to prevent withdrawals

When investors try to withdraw their funds, GlobTFX starts creating technical excuses, such as:

-The platform crashes while executing trades.

- Cancellation of withdrawal requests under illogical pretexts.

- Loss of access to accounts for no apparent reason.

The new development has changed nothing! The capital is still seized, and victims wait 100 days not knowing whether they will receive their money or not.

Target areas for scams

Algeria, Morocco, and Iraq were the most affected.

Why these countries specifically?

• Weak trading regulations in these markets.

• Exploiting the need of young people for quick profit.

• Relying on fake ads to attract victims.

The WikiFX report confirmed that these countries were the most registered complaints against GlobTFX, indicating the concentration of fraud in markets where financial laws are easy to manipulate.

When the platform collapses:

1. Withdrawals are suddenly disabled.

2. Accounts are closed without notice.

3. The entire support team disappears.

Now, we have 100 days of uncertainty and waiting as victims hope to get their money back – but no one can say for sure if this will happen or not.

Real Evidence from victims

• “GlobTFX closed my account as soon as I requested a withdrawal!”

Today, all the victims are watching the clock – waiting to see what will happen 100 days later. Will their money come back? Or will this just be another step in the fraudulent scheme?

How do you protect yourself from this kind of scam?

✔ Don't trust any platform that promises you steady and fast daily returns.

✔ Always check the companies' license via trusted sources such as WikiFX.

✔ If you are scammed, don't stay silent – report the platform immediately to prevent new casualties!

For more details, you can check out our previous articles on GlobTFX:

https://www.wikifx.com/en/newsdetail/202502217084113382.html

https://www.wikifx.com/en/newsdetail/202502204094341561.html

https://www.wikifx.com/en/newsdetail/202502193234469398.html

https://www.wikifx.com/en/newsdetail/202502173674589883.html

https://www.wikifx.com/en/newsdetail/202502149504828456.html