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Got burnt of USD$400 in a week because of a moment of folly.

FX2046354843
3-5 years
Unverified

Exposure

Their scam works by asking you to deposit with promises of matching bonuses. After which, you are to blindly follow the broker's order to blindly trade (mine was a person named Dylan) and you will see losses after each string of trades to the point that the account is zero. They will also ask you to put up some long positions. I have emailed to them, they reply was you have zero dollars and to withdraw you must trade 30 times your deposit plus the matching bonuses! So USD600 x 30 times of trades before you can withdraw. Can it happen? Of course not! You need 87 trades for that to happen assuming USD$50 per trade. My disaster is your lesson learnt. Please spread the word around so that no one else will get conned again. My folly not to do a background check first. And surprising Facebook has their advertisement and Visa and MasterCard cannot do anything about these illegal transactions.
2021-09-16

Philippines

Scam

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