Exposure: Please Be Alter to TOSKY for Withdrawal Unavailable!

The broker arbitrarily shut down investors account, with its customer service staff out of contact long, which caused withdrawal unavailable. Therefore, investors should be alert to it.

Recently, one of investors reported TOSKY to the “Exposure” of WikiFx because the broker shut down investors account, with customer service staff out of contact, which resulted in withdrawal unavailable.

Screenshot of “Exposure” from WikiFx

The investor reported TOSKY with his real name

Photo of the investor’s ID card

The investor reported TOSKY with his ID card.

Mr. Zhangs terrible experience

Mr. Zhang shared his terrible experience with WikiFx

According to Mr. Zhangs terrible experience, he registered an account and deposited on TOSKY through a salesman in May this year.

During the trade, he had serious loss. In the middle of November, he didn‘t access his account. So he tried adding the customer service staff as QQ friend, who, however, didn’t agree to his request.

Moreover, the people whom Mr. Zhang communicated with before didn‘t reply to him, and even the people who introduced the broker to him were out of contact. Accordingly, the money in his account still can’t be withdrawn now.

WikiFx investigation and evidence

1. Mr. Zhang deposited on TOSKY

Records of Mr. Zhang’s deposit

Mr. Zhang deposited successfully on TOSKY in May this year.

2. Mr. Zhang couldnt access his account

Screenshot of account login of Mr. Zhang

Mr. Zhang suddenly found that he couldnt log in his account in the middle of November.

3. Mr. Zhang contacted the broker

QQ profile of the customer service of TOSKY

Mr. Zhang failed to add the customer service of TOSKY as QQ friend, though he tried many times.

Mr. Zhang tried to contact the staff of TOSKY by WeChat

Mr. Zhang had no choice but to try contacting other staff of TOSKY by WeChat, but got nothing.

4. Mr. Zhang‘s account balance couldn’t be withdrawn

Screenshot of Mr. Zhang’s account

Now, there is still some money in Mr. Zhang‘s account, which can’t be withdrawn due to account login unavailable.

The broker arbitrarily shut down investors account, without giving any official explanations.

Moreover, its customer service staff were basically out of contact. Accordingly, it is advised that all investors should keep themselves away from the broker.

WikiFx identification on TOSKY

1. The regulatory information of TOSKY

Screenshot of regulatory information from WikiFx

According to the inquiry, TOSKY is regulated by VFSC, and the broker holds the offshore regulatory license of island country. Thus, the broker has certain risk because of weak regulation.

2. MT4/5 identification

Screenshot of MT4/5 identification from WikiFx

According to the identification, TOSKY uses white-label MT4 trading software, with the server set up in US and UK. Moreover, the white-label broker has certain risk due to its low cost of investment.

Warning！

Screenshot of TOSKY interface from WikiFx

Through the identification of WikiFx , TOSKY holds offshore regulatory licence and uses white label trading software.

Thus, the broker has huge risk. Moreover, it is illegal for the broker to arbitrarily shut down investors account, and its customer service staff is basically out of contact, all this result in withdrawal unavailable.

Therefore, WikiFx reminds that investors should stay away from the broker to avoid risks.

Conclusion

TOSKY has certain risk obviously because as a new forex broker, TOSKY just holds offshore regulatory license, with WikiFx rating low.

Therefore, it is suggested that investors should learn more about brokers before investing to effectively avoid risks.