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
Abstract:Be vigilant if you wish to be safe. In the forex market, many scammers are trying to deceive you. If you are not aware enough, there are lots of chances. They'll defraud you.
Be vigilant if you wish to be safe. In the forex market, many scammers are trying to deceive you. If you are not aware enough, there are lots of chances. They'll defraud you.
WikiFX received such a complaint from India recently against Money Ocean Fx. The victim said he invested a decent amount with the broker on April 7, 2024. The complainant said, “I got two withdrawals from this broker, and then they started the deduction.”
“I placed a withdrawal, and they removed my scalping amount first on April 17, 2024, then on April 18, 2024, when I placed a withdrawal of the remaining amount, they did spoofing on my account, and the balance is now negative,” he added. The victim stated that I emailed them, but they are not replying, and I didn't receive any mail from the company for scalping issues.
When we searched for Money Ocean FX on WikiFX, we found it to be an unlicensed broker with a low score. WikiFX issued a warning against it by saying:
Warning: Low score; please stay away!
It has been verified that this broker currently has no valid regulations. Please be aware of the risk.
The current information shows that this broker does not have trading software. Please be aware!
You must stay away from this unauthorized broker and keep your money safe. You can download the WikiFX app on your phone for the latest updates about the forex market.
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.
Technical analysis is the go-to toolkit for countless investors. Candlestick patterns, moving averages, MACD signals, Elliott Waves—you name it, there’s a chart or model for it. Many spend years perfecting their craft, poring over price patterns and back testing strategies. Yet, despite all this effort, a large number still lose money. The reason? It’s not the tools as they’re merely instruments. It’s the human behind them that falters. In particular, wishful thinking and emotional bias often sabotage disciplined execution.
In the world of trading, we often hear stories of people who made millions or even billions. But behind these success stories are others we don’t talk about as much — stories of great traders and investors who lost everything. These failures are just as important to understand, because they show how risky and unpredictable the markets can be, no matter how smart or experienced you are.
CMC Markets enhances trading with TradingView integration, offering tight spreads, 24/7 crypto CFD access, and advanced charting tools.
Investment scams are no longer the domain of obvious fraudsters and badly written emails. Today’s scams are polished, convincing, and alarmingly professional. They mimic the language and appearance of legitimate investment firms, targeting everyone from novice investors to seasoned professionals. A single mistake could wipe out years of savings. But by learning to spot the red flags early, you can protect yourself and your finances from these increasingly deceptive traps.