Global Broker Regulation Inquiry App
About WikiFX
Broker Search
English

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

اردو

Download
Resolved
GMI black platform, induced account opening and deposit, blown up in 3 days
Mediating Parties
GMI GMI
Issue

Scam

Requirement

compensation

Settlement Amount

$1,200(USD)

Time

37day0hour

Mediation Status
Resolved
FX9226065702
Reply
GMI
We have informed our account manager to investigate the issue.

Reply

Supplemental Materials
FX9226065702
Today I also noticed that GMI has serious slippage issues. It's currently 8 AM on June 16th. On other platforms, the lowest point was around 3432, and the highest around 3452. But on GMI, the lowest was around 3425, and the highest around 3451. This platform is clearly problematic.

Supplemental Materials

Contact Broker
WikiFX Overseas Customer Service

Contact Broker

Verified
WikiFX Mediation Center

Verified

Start Mediation
FX9226065702
Before registering this account, I observed for a while and it seemed okay. Then the salesperson kept chasing me to open an account and deposit funds, every day urging me to try opening a cent account first. Then the salesperson told me to open three accounts for maximum profit, blah blah blah. So I had no choice but to open two $800 cent accounts. They told me to use 8x leverage, and starting from the 21st, I began copying trades. The 21st and 22nd were okay. On the 23rd, the market fluctuation was only about 30 points, but the account kept adding positions against the trend, up to 40+ lots, and it kept increasing. The account continuously added positions against the trend. With a 30-point fluctuation, an account of over 80,000 cents was almost blown up. Midway, when the floating loss reached over 40,000, I felt something was wrong and asked the salesperson to help me close all positions with one click. I was told that I couldn't close them; I could only wait for the market to end and exit smoothly or get margin called. With no other choice, I had to manually close positions one by one. I barely managed to keep less than 40,000 cents of principal from the two 80,000-cent accounts. The process was too fast. The account manager, to shirk responsibility, kept saying that the boss was irresponsible and so on. I seriously suspect that I have fallen into a pig butchering scam, where the platform profits from client losses and disregards clients' interests.

Start Mediation

Statement:

1. The above content only represent personal view, do not represent WikiFX's position
2. Unauthorized reprints of cases in this platform are prohibited. Offenders will be pursued their legal obligations

To view more

Download the WikiFX App

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com