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Abstract: ALIFOREX’s investment plan is a Ponzi scheme. As shown in the figure below, the most obvious feature of the scheme is that they set different levels of the investment amount with different profits, and then promised investors that they could get more profits by inviting friends to join them.
Badmus is a forex beginner without experience of forex trading, and he lost all money when trading at ExpertOption for the first time. So he decided not to trade any more. On February 5th, 2020, he came across the same person, who worked for ExpertOption but now works for ALIFOREX. Badmus was attracted by this guys investment advertisement on YouTube and was invited to join a Telegram group, which provided customer service support to investors.
He invested 31USD BTC on ALIFOREX at the beginning and got 34.5USD after 24 hours. He felt good and decided to invest some BTCs worth of 276USD. According to investment levels, he would get 7% profits after 24 hours.
The following is Badmus transaction records on ALIFOREX.
Badmus did not receive the money for a long time after submitting the withdrawal application, so he reported this issue in the Telegram group, and was told that the system error led to his failure of withdrawal, and they could do nothing about it. They added that the only solution was that Badmus needed to deposit again, then he can withdraw all the money in his account. Badmus felt confused and shocked. When the investor complained directly in the Telegram group, he was kicked out of the group.
Badmus chatted with a live support representative about how to withdraw, and was told that if he invites three people to invest 200USD each to them, he can withdraw. He had no choose but to ask his friends to invest on ALIFOREX. Unfortunately, the same issue also happened to his friends, who were unable to withdraw unless they deposited more .
(This picture showed the withdrawal application was unavailable.)
The investors Nation ID:
Those kind of investment plans are obviously their tricks. They try to attract more people to join the scheme by showing high profits. But high profit is always accompanied with high risk, which is not quite legal in the field of investment.
Warning!!!
Per checking WikiFX App, ALIFOREX has a poor rating of 0.99, and the broker currently has no valid regulation, bearing great risks. The broker is currently active on large social network such as Telegram and Facebook, please stay away!
Declaration:
The article evidence exposed by WikiFX is verified by the following processes:
1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and recording videos from victim).
2: These evidences will be evaluated and verified by expert who has been work in forex industry for many years.
3: The editor will review it again before the article is published.
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The exposure function of “WikiFX Forum” includes the following features:
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.