SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:Do you feel that Plusonetrade only makes you deposit with high-return promises? Does it deny withdrawals or allow you to take away just the principal amount? Have you been witnessing a lack of customer support to address your withdrawal queries at this forex broker? You have unfortunately trusted a fake broker that is operating without a valid license. The scams are obvious as traders are vehemently opposing the foul play committed by Plusonetrade on broker review platforms.

Do you feel that Plusonetrade only makes you deposit with high-return promises? Does it deny withdrawals or allow you to take away just the principal amount? Have you been witnessing a lack of customer support to address your withdrawal queries at this forex broker? You have unfortunately trusted a fake broker that is operating without a valid license. The scams are obvious as traders are vehemently opposing the foul play committed by Plusonetrade on broker review platforms. In this article, we have exposed this broker with trader comments. Lets begin investigating together.
Withdrawals have been the common and major issue facing traders at Plusonetrade. But what makes it even more painful is the lack of customer support in addressing these queries. The experience worsens when traders do not get responses to their queries. This particular aspect has been concerning Plusonetrade traders. Here is a snapshot supporting this complaint.

You might mislead a trader once with high-return promises. However, if you do not fulfill these, as a broker, you are bound to face harsh words from the trader. An investor was tricked into trading through tall promises, all of which turned out to be scams. The criticism is so harsh that we cannot write. So, we are sharing this snapshot to read the comment and feel the pain the particular trader has gone through at Plusonetrade.

The constant withdrawal denial reminds that Plusonetrade cares only about receiving capital from traders. The withdrawal issues faced by traders hardly bother this broker and its executives. Even if you manage to convince the executives of withdrawals, you may not receive the full amount. One trader reported a 25% profit—but was only allowed to withdraw the principal, not the gains. Here are two complaint snapshots.

The lack of a regulatory license and massive trader complaints have put Plusonetrade under the scanner. As the trader's safety is heavily compromised, WikiFX, a leading forex broker regulation inquiry app, has given it 1.34 out of 10. The broker needs to transform its operational methodologies by prioritizing trader safety.
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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.

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