Broker scam

It's disappointing when another scam broker comes from Switzerland, bdswiss.com. They haven't paid me for 2 weeks already.

1. 1. I come from Vietnam, They took me over $ 10,000 without return, without any email sent to me, they were very quiet. (I have photos showing them not allowing me to withdraw and now they have withdrawn all from my account)

2. Their forex market manager Mr.Kang has been accused of brokers such as Exness.com, Anzanocapital.com ... to denounce customers and be fired from the company, I know and send Notify them about him from 10/2019.
But bdswiss still deliberately used him as a manager in Vietnam until 3/2020 to continue to cheat investors, so they could see they wanted to cheat in the first place.
In addition, they also organized to play PnL with IB partners, how the customers burned and lost their accounts as quickly-as much as possible, the account customers were very excited.
Link to manage them:
a. https://anzocapital.com/en-en/announ...capital-belize?
b. https://traderviet.com/threads/willi...nh-thuc.33122/
c. https://forexvua.com/threads/william...lua-dao.15080/

3. They have a RAW account that pays with a Visa card, but pay attention, even when you cancel and close the MT4 account, there are unexpected payments sent to you every night to your Visa card. You from Bdswiss, be careful of it.

O.o! This is one of the brokers that advertise themselves on this forum. Your message came really unexpectedly.

In Forex as majorly everything is online so broker scam is possible too, when a new comer joins they are not aware about the loop holes and hence they get ditched by such brokers who are doing scam. To choose a broker the best way is to review it thoroughly and having a common link between both to known the trustworthiness.

I am not at all surprised that this happened, unfortunately. After an investigation the British regulator FCA actually recently ordered all BDSwiss Group’s subsidiaries to cease all services in the UK and reimburse all money owed to clients. All trading positions are required to be closed as well. The FCA allegations are that, although BDSwiss’ UK branch is FCA-licensed, it has come to their attention that a great many UK traders have been pledged by means of the broker’s offshore or overseas branches.
Moreover, the watchdog accused BDSwiss Group of employing misleading sales and marketing campaigns. The most common of these were, allegedly, promising very improbable and deceptive profit returns. Due to these ambiguous campaigns and social media affiliates, the FCA noted that a huge many UK traders have lost money.
Clearly they have been shady for a while and not just in the UK, given what you are describing. I'm sorry this happened to you.

Just thought I should share this with the community incase you have friends/relatives (newbies) who are or might be vulnerable to scams.



https://tradersunion.com/brokers-bla...eo_description

Nice wkend ya'll

I see many brokers scam these days, and they mostly target new traders by using bonus offers and other advertising methods. Traders need to do thorough research before investing in a broker.

I used BDswiss too because a friend of mine told me too .
1.Stop loss and Take profit is not actioned by the broker in 9/10 cases . I just watched those lines be ignored every time and it was so fustrating because i was in profit so many times and because those actions did not trigger the trend moved against me ... My take loss was triggered before the markets even reached that point .
2.The spreads ... they are insane . i just found out about the fact that they triple spread on wednesday ... HOW WHY ?!

Overall i felt targeted using their service , its not to say that i did no mistakes ... i did a lot , but does not change the fact that you are targeted and this broker does not really have any intention to protect you ... quite the opposite . Im changing it for a broker with more visibility and reputation regarding this things.

I want to warn people about a scammer broker his name ftsefinancialltd in mt5 who took 1000$ and then the account was closed

First time to try an offshore broker. Hugosway, mobile app and MT4 froze for 10 minutes at the same time to see a price gap with a drop in price( I hade 2 opened sell positions) even the gap was in my favor, they immediately closed one position because margin!? Place a hedge position spread was fluctuate between 5 to 10 but executed at 200 pips then stop accept trades for 10 seconds then execute an order in negative. Had same position opened in another 3 brokers nothing happened no gap no crazy spread. I have screenshots , account number and transaction ID.

I doubt how many American traders like one on YouTube are safely use them..Unless they are sort of promoters or in a referring program.

i would say that i'm not at all surprise about broker's allegedly "scamming" people.
Every once in a while, there's gonna be news about broker's WD issue or price difference between two brokers.
I have read so many comments here and in other forums about the same problems.
Even the very famous ones has bad reviews about it.

I don't think it depends on whether it's an offshore broker tho.
Most of the brokers have offshore licenses in order to provide their traders a higher leverage.
Plus, if you're not a from FCA, ASIC, NFA or European country, you are usually under the broker's offshore "licensing commission"

The broker scam is not a new thing in forex and many new brokers involved in scam with their clients so always choose reputed and reliable broker.

Nowadays, even OLD brokers are scamming people, be very careful with Mexgroup/Multibank. It is proven now that they are scamming billlions of dollars from clients in China.

See this link:
https://www.linkedin.com/wukong-web/...23261728854016

Do you know of unregulated forex brokers that are as proven as possible to be trustworthy. I cannot tell if websites are advertising different unregulated brokers for an affiliate link commission or not. I am hoping to find an unregulated broker owned by a reputable company and running over ten years. I live in the united states and all US regulated brokers do not support meta trader five and the maximum leverage is low. Any clarification is appreciated

These forums are great at picking out the scammers out there. I think we should make a thread of the brokers we use and give an honest review. Does this break the rule of the forum?!

And who then can you trust? unclear.
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It doesn't violate the rules if it's placed in respective session, however little point to do that because it will quickly get spammed by broker shills and trusted opinion would be hard to get out of there.

Beware of BELLEOFX - they are huge scammers who entice clients with large returns and insist on payment using crypto.
They will steal your money and you will never see a cent back.
They use a scam with a fake website and will ask you to pay using crypto. Once they receive your money, it will never come back to you.
They have a fake website called http://www.belleofx.com - it has real looking trading options and looks very professional - dont fall for it!
They use fake Whatsapp business account to give the impression of legitimacy.
The main thief is a person called Jay on +44 7723 702878
The con man representing BelleoFX is a called Eric and on +44 7426 074110
I got scammed and I don't think there is anyway I will get my money back since I paid using cryto.
They even have a Server on Meta Trader 5 called Belleofx-Server - how did this scam company manage to get this server registered with Meta Trader and how do we report them and get this scam shut down?