Global Broker Regulation Inquiry App
WikiFX
Amount resolved within one month(USD)
$55,850
Number of People Resolved
15376
On the night of the May
On the night of the May non-farm payroll data release, I traded the USD/IDR currency pair on WELTRADE, setting a take-profit point of 15,200. When the market hit 15,205, the platform delayed closing my position for 30 seconds, ultimately closing it at 15,080. My original profit of 1.2 million rupiah turned into a loss of 850,000 rupiah. This slippage only occurs during the early morning hours of Indonesian time (02:00-05:00 Jakarta time), when European and American markets are active but local regulatory complaint channels are closed. By July, my initial investment of 5 million rupiah had lost 2.3 million rupiah due to similar slippage. Yet, the platform continues to push "low spread trading" ads on LINE. I believe this is a scam.
Broker
Weltrade
Exposure Type
Severe Slippage
Indonesia
2025-09-01
Indonesia
2025-09-01
Spread manipulation and
Spread manipulation and slippage traps devour principal. On the night of the Federal Reserve's interest rate decision in June 2025, I encountered malicious manipulation when trading USD/MYR on Headway. The platform advertised "ECN account spreads as low as 0.5 points," but when I opened a position, the EUR/USD spread suddenly soared from the normal 1.8 points to 15 points, and my 100,000 ringgit principal was instantly deducted from RM4,500 in fees. Even worse, when GBP/JPY hit my set take-profit point of 182.30, the platform showed slippage to 180.90, forcing a forced liquidation. The original RM8,200 profit turned into a loss of RM6,700. Headway's license does not cover Malaysian customers, which is an unauthorized operation. It's fake, stay away from this platform.
Broker
HEADWAY
Exposure Type
Severe Slippage
Indonesia
2025-09-01
Indonesia
2025-09-01
I requested withdrawal
I requested withdrawal with was the exact one I used for a previous deposit.
I headed straight to Local bank withdrawal only to see a comment attached that local bank transfer could take up to 7 business days. What sought of nonsense is that? If there should be any faster method outside of e-wallet it should be local bank transfer.
This is making me doubt their sincerity as a broker
Broker
HEADWAY
Exposure Type
Unable to Withdraw
India
2025-09-01
India
2025-09-01
It is totally a scam and fraud company .
It is totally a scam and fraud company , they have some girls on social media wo scam people by doing friendship with them and make them to invest in koddpa and once we add money to koddpa we are not able to withdraw it.
Broker
KODDPA
Exposure Type
Scam
India
2025-09-01
India
2025-09-01
More proof added. Terrible
More proof added. Terrible broker
withdrawal is impossible.
Broker
LiquidBrokers
Exposure Type
Unable to Withdraw
India
2025-09-01
India
2025-09-01
I deposited funds with
I deposited funds with Trade245 and deeply regret it. Their customer service is abysmal. They bombard you with emails requesting documents, but once you submit everything, they go silent—especially when you ask about your withdrawal.
It’s been over 10 days since I requested my payout. Every day, I’m told “you’ll receive it by the end of the day,” but nothing ever arrives. They keep making excuses and dragging things out. It’s clear they’re stalling, and at this point, I believe this is a scam operation.
They’re quick to take your deposit but vanish when it’s time to pay out. I’ve followed every instruction, submitted every document, and still—no funds, no accountability.
Broker
trade245
Exposure Type
Unable to Withdraw
India
2025-09-01
India
2025-09-01
After I made profit today,
After I made profit today, they withdrew all my money including capital. They claim I had five accounts which is a big lie. Chatted with them for more than 3 hours to resolve but they refused to refund. Claimed my account was in negative and withdrew all my money to zero. I was never in negative. Am hurt.
The representatives/agents are very rude and don’t listen but withdrew my money
Broker
HEADWAY
Exposure Type
Unable to Withdraw
India
2025-09-01
India
2025-09-01
They Make Fake Low and
They Make Fake Low and High also to
hunt Trader SL. I have been using from
ast 10 months. Already i have face this
issue Multple time. Today same thing
nappend with me at EURCAD pair. Where
another broker made 1.60920 Low point
but Hunt My Fusion Stop made loss this low at 160877 and hunt my stop loss
Broker
FUSION
Exposure Type
Scam
India
2025-09-01
India
2025-09-01
The Broker took my $17
The Broker took my $17 which I had grown from $7. I contacted support Via X but all I got was unprofessional Customer support, kept on insisting that it was my fault. I don't recommend anyone to trade with Headway
Broker
HEADWAY
Exposure Type
Scam
India
2025-08-31
India
2025-08-31
Your Malay customer,
Your Malay customer, claiming to be a "central bank policy analyst," contacted me via WeChat, boasting about having "inside Bank Negara" access and advance knowledge of interest rate policy trends. I foolishly believed your lies and followed your guidance to invest heavily. The so-called "policy signals" you provided were completely fabricated! I later discovered that you specifically released false information during periods of low liquidity, making it impossible for clients to close their positions in time! After my margin call, your Malay customer service representative even claimed "market interpretation errors" and shamelessly promoted their "policy insider service," claiming that for an annual fee of RM20,000, you could obtain "real policy information." This scam, which fabricates policy signals, then lures clients into trading, and then extorts them, is truly outrageous!
Broker
KVB
Exposure Type
Scam
Malaysia
2025-08-31
Malaysia
2025-08-31
I export coffee beans,
I export coffee beans, and to mitigate exchange rate risk, I opened an account on your platform to trade USD/IDR. However, the data provided by your Indonesian team is severely delayed! While it performs normally when the international market is stable, your quotes lag by 3-5 minutes when important data is released, causing all my hedging orders to be executed at the worst possible prices! Even worse, you deliberately widen the spreads in the backend, increasing the normal 5-point spread to 25 points during critical periods! I contacted customer service, but your Indonesian manager brazenly claimed, "This is normal market behavior!" We export agricultural products, and our profits are already slim. This deception has resulted in a direct loss of 350 million rupiah! Now that harvest season has arrived, I don't even have the funds to pay farmers their advances. My entire supply chain is on the verge of collapse!
Broker
TICKMILL
Exposure Type
Scam
Indonesia
2025-08-31
Indonesia
2025-08-31
Severe Slippage
From when I started using KAMA capital, I've suffered with immense severe slippage. Trade aren't executed when prompted, the orders I executed weren't properly executed. Platform crashes on me between trades.
Broker
KAMA CAPITAL
Exposure Type
Severe Slippage
India
2025-08-31
India
2025-08-31
I invested my money believing
I invested my money believing your lies about "zero data delays and no withdrawal thresholds." Now, not only have I lost everything to your fake data, I can't even get back my remaining principal! I submitted a withdrawal request three weeks ago, and there hasn't been a single response yet! Every time I contact customer service, they either say "Finance is reviewing the equipment purchase contract" or "We need a supplementary environmental impact assessment report for the factory." I even sent you a photo of the equipment quotation and a copy of my business license. What else do I need? You're just deliberately looking for excuses to deduct money! My factory was relying on this money to upgrade its equipment, but now the old machines keep breaking down. We have a mountain of orders but can't produce them, and the workers are about to quit!
Broker
HEADWAY
Exposure Type
Unable to Withdraw
Indonesia
2025-08-31
Indonesia
2025-08-31
I had a nightmare trading
I had a nightmare trading the USD/MYR currency pair with KVB. The platform advertised "spreads as low as 0 pips" on its ECN accounts, but when I opened a position, the actual spread suddenly soared from the usual 2.3 pips to 18 pips. My RM100,000 principal was instantly wiped out by RM5,400 in fees. Even worse, when the market hit my take-profit point of 4.7200, the platform slipped to 4.6950, forcing a liquidation. My original RM12,000 profit turned into a RM8,300 loss. By the end of June, my RM100,000 principal had lost RM32,000 due to slippage and unusual spreads. I absolutely do not recommend this platform. There are so many pitfalls.
Broker
KVB
Exposure Type
Severe Slippage
Malaysia
2025-08-31
Malaysia
2025-08-31
I opened an account on
I opened an account on your platform to hedge my forex risk, but the data your Malaysian team provided was completely fake! The international market price was relatively stable at 4.68, but your platform showed 4.75, forcing me to cancel all my hedges! Even worse, every time I tried to close my position, the data would skyrocket, fluctuating over 100 pips in a matter of minutes. This was clearly manipulation by the customer service team! I contacted customer service, and your Malaysian manager arrogantly said, "If you think the data is wrong, look elsewhere!" Is this how you treat your customers? We worked so hard to earn our hard-earned money trading, and you ripped us off overnight with fake data!
Broker
ONE ROYAL
Exposure Type
Scam
Malaysia
2025-08-31
Malaysia
2025-08-31
This scammer must be
This scammer must be exposed. Chart prices don't match execution prices. My trust in Headway has completely shattered because they're directly manipulating the trading platform. I've repeatedly encountered a fatal flaw: the price displayed on the MT5 chart doesn't match the actual execution price of my order! For example, even though the chart clearly showed the price hadn't hit my stop-loss, I received a platform notification that my stop-loss had been triggered. Checking my transaction history, I discovered the stop-loss was executed at a "ghost price" that didn't even appear on the chart. This strongly leads me to suspect their quote system is being manipulated to trigger clients' stops at critical points, thereby profiting the platform. For Malaysian traders, this unverifiable quote system is like a black box, leaving your fate completely in their hands.
Broker
HEADWAY
Exposure Type
Others
Malaysia
2025-08-31
Malaysia
2025-08-31
There are layers of obstacles
There are layers of obstacles to withdrawing funds, and all kinds of excuses are used to delay the arrival of funds. I deposited RM50,000 into OneRoyal for foreign exchange trading. After making a profit of RM15,000 in December, I applied to withdraw RM65,000. The platform promised that "the funds will be deposited in 2-4 working days", but there was still no movement after 5 days. When I contacted customer service, the other party first evaded the issue by saying "the bank system was upgraded", and then asked me to provide "proof of source of funds". After I submitted my payslip and bank statements, I was asked for "tax clearance certificate". This is not a necessary document for withdrawals in Malaysia. Later, when the funds arrived, RM8,000 was missing. The customer service said it was a "cross-border transfer fee", but this fee was never mentioned when opening the account. Everyone, don't believe them.
Broker
ONE ROYAL
Exposure Type
Unable to Withdraw
Malaysia
2025-08-31
Malaysia
2025-08-31
WELTRADE, you're a fucking
WELTRADE, you're a fucking scam! I've lost everything to your fake data, and now I can't even withdraw my last bit of capital! When I was trading forex, I always followed your platform's data closely to place orders, but every time I reached a critical profit and was supposed to close a position, your data would jump up and down like crazy! The international market clearly showed the USD/RM was stable at 4.72, but your platform suddenly soared to 4.80 without warning, forcing a stop-loss on my short position! I went to customer service to argue, and they brazenly said, "It's normal market fluctuations due to sudden market news"—a fluctuation of 0.08 pips? The most infuriating thing is the withdrawal issue! I submitted a withdrawal request 15 days ago, and I haven't seen a single cent! This is clearly a deliberate excuse to delay and withhold our funds!
Broker
Weltrade
Exposure Type
Unable to Withdraw
Malaysia
2025-08-31
Malaysia
2025-08-31
LiteForex, I really regret
LiteForex, I really regret choosing your platform! I always thought legitimate platforms wouldn't falsify data, but you've used "data" as a tool to scam me out of money. Now my withdrawals are stuck! I used to base my crude oil trading strategy on your platform's candlestick charts and volume data, but every time I placed an order, the data started to "go against me"! When I went long, your data deliberately drove it down; when I went short, the data suddenly shot up. In just five days, I was wiped out three times! Now I want to admit defeat and exit, but requesting a withdrawal is incredibly difficult! I've submitted eight withdrawal requests, and each time they were rejected due to "anomalies in trading behavior," and you can't even explain what the anomaly is! I called my account manager, but he simply refused to answer. I left messages on your platform, but they were blocked!
Broker
LiteForex
Exposure Type
Unable to Withdraw
Thailand
2025-08-31
Thailand
2025-08-31
I used to trade gold,
I used to trade gold, basing my strategy on your platform's candlestick charts and volume data. But every time I placed an order, the data would "go against me"! When I went long, your data would deliberately push it down; when I went short, it would suddenly surge back up. In just one week, I was wiped out twice! Suspecting a problem with your platform, I used a secondary account to trade both your platform and Maybank Investment Bank in Malaysia. Maybank made a 20% profit, while your platform suffered a 40% loss! Now I want to quit, but withdrawing my funds is incredibly difficult! I've submitted six withdrawal requests, and each time they were rejected due to "anomalies in the transaction records," and you couldn't even explain what the anomaly was! I called my account manager, but he blocked me. I left messages on your platform, but they were blocked.
Broker
HEADWAY
Exposure Type
Unable to Withdraw
Malaysia
2025-08-30
Malaysia
2025-08-30
Exposure
Unable to Withdraw
Severe Slippage
Scam
Others
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Amount resolved within one month(USD)
$55,850
Number of People Resolved
15376
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