Illegal broker Myluno trade’s new trick: deceiving investor of 60,350 NGN by ‘stamp duty’

One month ago, Samuel met an agent online and knew the agent works for Myluno trade. Samuel is quite interested in BTC and asked the agent how to operate with BTC. The agent introduced that Myluno trade is a swift investment platform, investors could get another 60% return besides principal within few hours. Also, the agent mentioned Myluno trade works with the Homeland security group. Homeland security group is in charge of monitoring each transaction between Myluno trade and investors. What was even more convincing to Samuel was that the agent claimed all deposited are insured by the NDIC(Nigeria Deposit Insurance Cooperation), which means for any unsuccessful transaction in Myluno Investment Ltd, the investors can get a refund immediately. Samuel was persuaded at that time and was suggested to get an account on Myluno trade website first.

However, a personal bank account was provided by the agent for Samuel to make a transaction. Samuel transferred 50,000NGN to that personal account. After three days, the agent sent withdrawal details to Samuel that informed him Myluno trade had returned triple of the principal amount to his account. Samuel could withdraw immediately. Before that, Samuel needed to pay 10,350NGN of stamp duty fee, the reason given by the agent was that this was the first investment with Myluno trade, Samuel paid the fee, but the agent again asked Samuel to invest more because the minimum amount for withdrawal is 200,000NGN.

Finally, Samuel found this is a fake investment company but its too late to recover his loss.

In additional:

1: Stamp duty fee:

The forex industry does not need to pay stamp duty fee.

2: The below address provided by the agent is a fake address.

Head office is located at 26/27 Adewunmi layout, off Akinyemi way, oke-ayo, ring road Ibadan.

3:NDIC(Nigeria Deposit Insurance Cooperation):

NDIC is only in charge of protecting the banking system from instability occasioned by runs and loss of depositors' confidence. NDIC never cooperates with any third-party investment LTC.

Warning!!!

Per checking WikiFX App,Myluno tradehas 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!

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USA Area：https://www.facebook.com/WikiFX.US/

UK Area：https://www.facebook.com/Wikifx.UK/

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If you have ever been defrauded by illegal broker, you can contact WikiFX. WikiFX will assist you in your exposure. You need to hold enough evidences to prove the broker is illegal.

Evidence requirement: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

In order to help you better. There are two ways to upload evidencesfor exposure.

1: WikiFX App:

Log in the App, choose Exposure on home page click on blue light bulb-Expose,

The types of Fraud Choose fraud broker Just write down your experience of being deceived and upload the relevant evidences here.

2: More brokers‘ information will be updated on WikiFX. If you can not find the broker that you want to report, there is another way to contact WikiFX by Facebook Messenger. You can leave your message on messenger. WikiFX’s staff will review the broker that you wanna report and the relevant evidences you submitted. You will get the feedback in the following 3-5 working days.

USA Area：https://www.facebook.com/WikiFX.US/

UK Area：https://www.facebook.com/Wikifx.UK/

Nigeria Area：https://www.facebook.com/WikiFX.ng

Declaration:

The evidences in WikiFX exposure articles are verified via the following processes:

1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

2: These evidences will be evaluated and verified by experts who have been work in forex industry for many years.

3: The editor will review it again before the article is published.

WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.

It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

Facebook:

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UK Area：https://www.facebook.com/Wikifx.UK/

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Wiki Forum Forum Function:

In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “WikiFX Forum” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:

2: Block low score brokers from entering the forum

3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;

4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.

WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html

Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html

Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html