V5 Forex Global Scam Exposed: Seems The Traders Are Now Unable to Withdraw Funds Permanently

In a shocking revelation, the acclaimed forex trading platform, V5 Forex Global, has been reportedly engulfed in a massive scam. Traders across the globe have been vocal about being unable to withdraw funds from their accounts, leading to widespread panic and apprehension.

The Cases:

Recently, a trader raised his voice against this issue, with a claim that despite the approval of his withdrawal request, no funds have been credited to his transferred account for more than three weeks. With an outstanding amount of 426.27 USD held up, it seems that his attempts to withdraw have been thwarted indefinitely.

Access the case here: https://www.wikifx.com/en/exposure/detail/202307032622476057.html

Another trader finds himself in a similar predicament with V5 Forex Global. His attempts to withdraw his balance of 294.26 USD have been futile, despite approval from the platform. No money has shown up on his transferred account, adding to the increasing list of victims.

Access the case here: https://www.wikifx.com/en/exposure/detail/202307027742326807.html

These traders are not the only victims of V5 Forex Global's alleged scam. A considerable number of hardworking individuals have reportedly lost their savings due to these unscrupulous activities in the forex market.

V5 Forex Global: A Notorious Name Among Forex Brokers？

V5 Forex Global is just a few brokers in the Forex market the only mission is to scam innocent people. Most of the fraud brokers like V5 Forex Global are offering the best trading opportunity that you could ever get in the forex trading industry. However, without knowing that you already landed on their pitfall. This type of broker is not so different from the others that are also doing “PONZI SCHEME”.

About Ponzi Scheme and How does it work？

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The scheme generates returns for earlier investors with money taken from later investors. It operates by enticing new investors and using their funds to pay profits to earlier backers.

Can WikiFX App Help Avoid Such Fraudulent Activities？

Yes, it can! The WikiFX App is a powerful tool that can help traders steer clear of such scams. Providing reliable information on various forex brokers aids in selecting regulated brokers and avoiding unregulated ones. It's an essential tool to verify the regulatory status of your preferred broker.

Here is how you verify the regulatory status of your preferred broker using the WikiFX App:

Step 1: Open the WikiFX App.

Step 2: Search for the name of your preferred broker. (e.g “XM”)

Step 3: You may see a lot of names the same as what you are searching for. Remember, WikiFX lists both regulated and unregulated brokers for users to easily verify the regulatory status.

Step 4: Click or tap your preferred broker that has the tag “Regulated” the same as the image shown below.

Awareness: A Key to Secure Trading

Awareness is the cornerstone of securities trading. Traders must vigilantly research the broker they choose to invest with and always prefer regulated entities. WikiFX App serves as a reliable companion, arming traders with critical information that can help them make informed decisions.

Conclusion:

In light of the alleged scam by V5 Forex Global, it's crucial for traders to exercise caution and opt for regulated brokers. Stay updated on the latest news about forex brokers with the WikiFX App. Click here to download and install the WikiFX App on your smartphone. Safeguard your investments and trade securely.

Download link: https://www.wikifx.com/en/download.html