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Abstract：Cryptostack FxTrade is an online forex broker you may have rarely heard about. However, an investor from Kenya complained that this broker wouldn’t let him withdraw and even put forward unacceptable demands. After engaging, the victim is no longer able to reclaim the money.
About WikiFX
WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 40,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
About Cryptostack FxTrade
Cryptostack FxTrade is an online forex broker offering a series of financial instruments, including crypto products, to its clients. This broker is registered in the United States. The company address is 4127/ 5B-C Mislane Road, Gibraltar, US. And it does not hold a regulatory license. WikiFX has given this broker a low score of 1.21/10. Therefore, the risk is so obvious.
The complaint from the victim
The victim from Kenya claimed that Cryptostack FxTrades agent lied to him to deposit 100$ and promised to pay for him after 24hrs. However, after the victim pays the money, they said he had to pay for the commission of 15 percent of his gain which was $1500. from that day until now, the victim did not get his money back anymore. Below are evidence gathered from the victim.
This broker sent an email to ask the victim to “pay 15% of profit for commission, trading, and investing tax.”
The agent of this broker called “ Anton” led the trader to this trap.
The agent blames the victim for the withdrawal rejection instead of helping him.
More Thought
Withdrawal rejection and asking for more so-called taxes are typical tricks used by scam brokers.
We believe that Cryptostack FxTrade is getting involved in a scam. You need to avoid this broker.WikiFX exposed this case to the public to remind all traders of the potential risks. All traders should be vigilant when investing in a broker.
WikiFX is actively reaching out to the victim hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
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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