简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Recently, Brokersview learned that a Japanese customer has been involved in a forex withdrawal scam operated by BTCUSDT Investment Limited.
Recently, Brokersview learned that a Japanese customer has been involved in a forex withdrawal scam operated by BTCUSDT Investment Limited.
Scammers Instruct Investor to Add More Deposit
According to the investor, the scammer constantly requested him to add more margin to make a bigger profit through a “VIP system”, which claimed that the more accumulated deposits he made, the greater reduction in transaction fees he would receive.
After the investor ended up selling his other financial assets to make the deposit, the scammers told him to pay income tax if he wanted to withdraw his funds.
Following that, he even borrowed money from his family but got no any response for his withdrawal request.
BTCUSDT Investment Claims to be Authorized by Regulators
BTCUSDT Investment says on its website that it is authorized by multiple regulators, including the UKs Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Swiss Financial Market Supervisory Authority (FINMA), the Labuan Financial Services (FSA) and so on.
However, we found that the forex broker is just registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and does not hold licenses from the above regulatory agencies.
Investors Should Exercise Extreme Caution to Unregulated Forex Brokers
The internet technology allows traders in foreign exchange market to enter into cross border market easily. Traders can benefit from this technology by increasing the effective size of their market and accessing to a highly competitive global market. However, this provides opportunities to scammers to conduct their fraud over the world.
Brokersview strongly advised investors to only deal with platforms that are authorised by the regulators to avoid scams. Before starting the transaction, please check company's regulatory status with the regulatory agency.
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.
This exposure aims to shed light on the fraudulent practices of NEWRGY IMEX, with a particular focus on the case of Ulises , a victim from Mexico who has shared his distressing experience.
MetaTrader 5 now supports 40+ global payment methods, offering local banking systems, digital wallets, and cryptocurrency options for traders worldwide.
ASIC mandates immediate cessation of margin discounts by CFD brokers in Australia, emphasizing compliance with CFD PIO regulations to protect retail clients.
Vantage Markets introduces enhanced copy trading with 10 personalized strategies, offering traders more flexibility and control in a multi-asset trading environment.