SIG-WGB

FX2421533694

Hong Kong

After depositing funds, traders either face margin calls or are required to make additional payments such as taxes, margins, and late fees. Regardless of your capital amount, there's always a risk of a margin call. Consider the scenario where the index plummeted from 2613 to 2113 in just half a second—how many traders involved wouldn't face a margin call? Crucially, during this time, the gold price on this platform was significantly detached from the international market rates.

FX2421533694

United States

The platform exhibits several fraudulent behaviors: 1. Forced liquidations: The index dropped from 2613 to 2113 in one second, ensuring that anyone with long positions would be margin called. 2. Trading restrictions: The platform does not allow multiple trades per day without prior notice. When attempting to withdraw funds, users are informed of "violations" and required to deposit a 25% margin, which can be used for trading but remains in the user's account. 3. Immediate margin deposits cannot be withdrawn: Deposited margins are claimed to be under "account supervision" and hence non-withdrawable. 4. Tax on profits before withdrawal: If an account's profits reach 100%, a personal income tax must be paid before funds can be withdrawn, scheduled a week later. Subsequently, the platform lowers your credit score from 100 to 90, which they do not restore. Later attempts to withdraw prompt messages that the credit score is insufficient; customer service then quotes $10,000 USDT per point, requiring a payment of $100,000 USDT to process the withdrawal. Victims have reportedly invested between 1.8 million to 3 million RMB, ultimately losing everything in these schemes.