Broker Took 10% of User's Profits – New Way to Swindle You? Beware!

A concerning new tactic has emerged among some brokers. While withdrawal delays have been a known issue. Now, A victim revealed that the broker is now charging 10% of the users profits without clear justification.

This raises serious concerns about transparency and fair trading practices. Read the full article to stay informed — and beware of such practices.

Recently, a user of FX Centrum filed a complaint on WikiFX against the broker. He alleged the broker said, “This broker charged me 10% of my earned profits.”

The victim also said, “The broker did not return my deposited money. The broker said, I should trade for at least 2 months, and I can withdraw only profits.” The complainant showed the screenshots too.

Broker's Side of the Story: Reply to Victim

In response to the complainant's allegation, the broker stated

“Please ensure you check the withdrawal rules carefully. We are not trying to deceive you; we are simply following the terms and conditions.”

What Does WikiFX Say About the Broker?

When we searched for this broker on WikiFX, we found 14 positive reviews and 4 negative reviews. However, the broker is not fully regulated, and its overall score is only 4.89 out of 10, which is considered low.

Warning: Stay Alert and Informed

This should serve as a serious warning to all traders. If a broker is applying unexpected charges or withholding your funds, it may be part of a new tactic to exploit users.

Always do thorough research before investing, and keep yourself updated on the latest trends and alerts in the forex market. Staying informed and vigilant is the best way to protect your funds and avoid falling victim to unethical practices.

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