Global Broker Regulation Inquiry App
WikiFX
Amount resolved within one month(USD)
$60,351
Number of People Resolved
15377
I'm incredibly angry
I'm incredibly angry about your actions! During my time trading on this platform, l've been plagued by both slippage and margin calls, sinking into despair. Slippage haunts every trade like a ghost. In one GBP/JPY trade, the market was stable, but my order slipped by over 30 pips, resulting in significant losses from the outset. And when the market moved against me, the platform's malicious manipulation made me even more miserable.
Broker
HEADWAY
Exposure Type
Severe Slippage
Germany
2025-08-28
Germany
2025-08-28
My withdrawals with Axiory
My withdrawals with Axiory have been stuck as ‘In progress’ for days, even though deposits go through instantly. This clearly shows how easy they make it to put money in, but when it comes to taking money out, they delay or block it. Very unprofessional and frustrating experience.
Broker
AXIORY
Exposure Type
Unable to Withdraw
Turkey
2025-08-28
Turkey
2025-08-28
Stealing money agent not responding and support to
I submitted a withdrawal request and I did not receive the withdrawal for more than a month, in addition to the agent for my account does not respond, and the support service available 24 hours does not respond either. I waited for more than a month and I did not receive the withdrawal. I did not receive the withdrawal, they say that the bank rejected the transfer, and the bank recovered the transfer. I told them that if the bank recovers the transfer, they will return the amount to you in less than a week, and therefore you must add the amount to my private trading account. Then the agent for my account told me half a month ago that the bank recovered the transfer and the XTB company will refund the amount to my private trading account in less than 10 days. Now it has been almost thirty days and they have not added my amount. In addition, the agent for my account does not respond and their support service is available 24 hours and they also do not respond
Broker
XTB
Exposure Type
Unable to Withdraw
Saudi Arabia
2025-08-28
Saudi Arabia
2025-08-28
Large Gap Price Difference
I suffered consistent financial losses
here due to sudden price jumps that were not visible on any other reputable price teed. My stop-loss orders were hi prematurely, often by large margins, an the broker's only explanation was
'market volatility'-even when the market was stable.
Broker
HEADWAY
Exposure Type
Severe Slippage
Germany
2025-08-28
Germany
2025-08-28
Every winning position
Every winning position was eroded by slippage until my account balance turned negative
My experience with this broker ended with heavy personal losses caused by. their practices, not the market.
Broker
HEADWAY
Exposure Type
Severe Slippage
Germany
2025-08-28
Germany
2025-08-28
Trashy trading platform.
Trashy trading platform. After trading for a long time, they suddenly deducted all my principal and profits without any communication, claiming I abused the system. What a joke. With this kind of behavior, they still dream of expanding their market? Everyone should stay away from this platform.
Broker
HEADWAY Rebate Service
Exposure Type
Unable to Withdraw
Germany
2025-08-28
Germany
2025-08-28
The Stop Loss order didn't
The Stop Loss order didn't work, and the position closure was delayed. I lost
everything. Headway is a fraudulent scam that deceives traders to steal their money! I deposited $15,000 to trade, but due to the platform's ineffective Stop Loss orders and maliciously delayed position closures, I lost $8,000 in just two weeks. Their despicable behavior must be exposed! I shorted GBP/USD at 1.2680, strictly setting a Stop Loss at 1.2730 (limiting risk to no more than 50 pips), and repeatedly confirmed that the Stop Loss was
active. However, after the data was released, the market suddenly surged, breaking through 1.2730, and my Stop Loss was never triggered! I urgently clicked to close the position, but the platform froze.
Broker
HEADWAY
Exposure Type
Others
Germany
2025-08-28
Germany
2025-08-28
After earning a profit
After earning a profit today, they withdrew all my funds, including my initial capital. They falsely claimed I had five accounts, which is untrue. I spent over three hours communicating with them to resolve the issue, but they refused to refund my money. They stated my account was in the negative, which is false, and proceeded to drain my account to zero. I feel deeply upset by this. The representatives were rude, unhelpful, and did not listen, yet they still withdrew all my funds.
Broker
HEADWAY
Exposure Type
Scam
United States
2025-08-28
United States
2025-08-28
unnecessary account restrictions
My account was suddenly blocked from trading without any prior warning or explanation. This restriction lasted for several days, during which I missed multiple high-probability setups that I had been preparing for. Not only did this cost me financially, but it also undermined my confidence in the reliability of the broker’s services. An interruption of this nature is unacceptable for anyone who takes trading seriously
Broker
QUANT TEKEL
Exposure Type
Others
Russia
2025-08-27
Russia
2025-08-27
bad broker
Lost money here because they can’t or won’t fill an order where I place it. Severe slippage, strange price spikes, and an account balance that went downhill fast. That’s my whole experience in one sentence.
Broker
Seacrest Markets
Exposure Type
Severe Slippage
Croatia
2025-08-27
Croatia
2025-08-27
Last month I deposited
Last month I deposited RM90,000 to trade GBP/MYR. I made 10 trades, 8 of which had abnormal slippage, with an average slippage of 28 points per trade. The worst thing was last week, when my stop-loss order was set at 10.52, but it was executed at 10.58. The 60-point slippage caused my position to be liquidated, and all RM90,000 was gone - this was the capital I used to open a stationery store. A friend in Kuantan said that his RM120,000 account was also liquidated due to slippage. Once the profit exceeds a certain amount, they start to make things difficult for you. Isn't it obvious that they just want to take advantage of your losses? BNM has long listed Headway as a "high-risk fraud platform". I was greedy and wanted to make quick money, but now I regret it. Headway doesn't even have a regulatory record with BNM and SC, but it dares to come to Penang to defraud people. Be careful of this broker
Broker
HEADWAY
Exposure Type
Others
Malaysia
2025-08-27
Malaysia
2025-08-27
This is the most shameless
This is the most shameless broker I've encountered in my years of trading. Accounts wiped out, customer service disconnected. KVB simply wiped out my $10,000 account! Last month, I went on a three-day business trip. When I logged in, my balance had gone from $10,820 to $0, and all my transaction history was gone. I called customer service 15 times, but no one answered. Now, even their customer service in Malaysia has deleted me. I complained to BNM, but the staff said, "KVB doesn't have a physical presence in Malaysia, so it's difficult to recover." A friend in Ipoh reported that his RM200,000 account was also wiped out. KVB claimed a "system bug caused data loss," but offered no compensation. KVB is a blatant scam. Malaysians, remember this broker and stay away.
Broker
KVB
Exposure Type
Unable to Withdraw
Malaysia
2025-08-27
Malaysia
2025-08-27
OneRoyal's "low spreads"
OneRoyal's "low spreads" are a lie. They advertise a "fixed spread of 3 pips on USD/JPY," but during actual trading, the spread on the platform soared to 29 pips during the Malaysian trading hours (9:00 AM - 4:00 PM local time), 10 times higher than on regulated platforms in Penang. Last month, my XAU/USD order showed a spread of 5 pips, but after execution, it became 18 pips, costing me an extra RM2,100 in fees. I've recorded 15 video complaints about the unusual spreads, but they never gave me any advance notice. Slippage often occurs at critical moments. When the USD/MYR plummeted, my stop-loss order should have been triggered at 4.72, but it was executed at 4.75. A 30-point slippage resulted in a RM6,000 loss. SC has long labeled OneRoyal a "high-risk platform," but I ignored it. Now, even the money I need to buy rice is being drained by OneRoyal. Don't ever follow my path.
Broker
ONE ROYAL
Exposure Type
Severe Slippage
Malaysia
2025-08-27
Malaysia
2025-08-27
Trading was restricted,Withdrawal rejected， resulting in significant financial losses in my account
To my surprise, on Friday, August 15th, after making my fourth withdrawal, I attempted to make a 1-lot transaction as usual but failed. At first, I thought it might be an IMR limitation of Squaridfinance, so I tried 0.5 hands, but it was also rejected. I thought maybe this was just a quirk of Squared Finance Friday, so I calmed down. But on Monday, the same problem reappeared! I couldn't even execute 0.4 hands, which ultimately resulted in a loss of funds for me. I feel really sorry
Broker
squaredfinancial
Exposure Type
Others
United States
2025-08-27
United States
2025-08-27
I deposited $100 into
I deposited $100 into Fortrade as you can see in the proof, but after funding the account the money never showed up for trading. The platform keeps pushing me to deposit more but when it comes to using or withdrawing my money, it’s a nightmare. Capital still shows $0 even after payment confirmation. This broker is a complete scam, they just take deposits and block you from accessing your funds. Be very careful, don’t fall for their tricks.”
Broker
Fortrade
Exposure Type
Scam
Israel
2025-08-27
Israel
2025-08-27
They are not letting
They are not letting me withdraw the rest been trying and getting denied for an hour😭
Broker
squaredfinancial
Exposure Type
Unable to Withdraw
Nigeria
2025-08-27
Nigeria
2025-08-27
Every time I try to withdraw,
Every time I try to withdraw, it keeps getting declined with some random message like this. They don’t let you access your own money easily, and support is of no real help. Feels like they just block withdrawals on purpose.
Broker
HEADWAY
Exposure Type
Unable to Withdraw
Israel
2025-08-27
Israel
2025-08-27
Scam broker
My trading account number is 3048898. I opened a position in the US stock MSFT on the 30th, and my order was maliciously liquidated by FIBO before the US stock market opened. I did not open the position on a weekend or a holiday. There was no such tactic as weekend and holiday liquidation. I opened the position on Tuesday evening during the US trading session, and you did not change the margin until the US market closed. Instead, you deleted the order during the non-trading time the next afternoon. It is clear that FIBO deliberately caused this, resulting in my heavy losses. The platform refused to respond. I urge all traders not to choose this broker with no credit.
Broker
FIBOGROUP
Exposure Type
Others
India
2025-08-27
India
2025-08-27
Deriv's customer service
Deriv's customer service is an insult to my intelligence. My account was suddenly frozen in May, citing "identity update required." I submitted my passport and proof of address five times, only to be told each time by a different representative that the documents were "incomplete." I even had a video call with them once, but they still said they couldn't verify the information. Their leverage scheme, advertised as 1:1000 leverage, was secretly adjusted to 1:50 during trading. This resulted in my April crude oil trade being forced to close due to insufficient margin, resulting in a loss of 7,300 Australian dollars. When I pointed out their fraudulent practices, the representative simply hung up on me. This platform doesn't care about customer rights; they're only interested in swindling more money.
Broker
deriv
Exposure Type
Others
Indonesia
2025-08-27
Indonesia
2025-08-27
I'm a trader from Indonesia,
I'm a trader from Indonesia, and I'm disappointed with KVB's trading environment. The malicious slippage caused me to lose my account due to a major market fluctuation. I had already placed a short position in the EUR/USD market with a stop-loss at 1.1050. However, as soon as the data came out, the price skyrocketed. Normally, my stop-loss would have been triggered around 1.1048, but KVB's transaction price directly hit 1.1067, effectively shutting me out. In all my years of trading, I've never encountered such outrageous slippage on a reputable platform during the non-farm payroll period. Furthermore, KVB's spreads are typically higher than other platforms, with EUR/USD spreads generally ranging from 1.8 to 2.2 pips, while other platforms typically range from 1.2 to 1.5. The quotes are often low when I'm going long, and high when I'm going short. My trading history has resulted in additional losses exceeding $2,300 per month due to this.
Broker
KVB
Exposure Type
Severe Slippage
Indonesia
2025-08-27
Indonesia
2025-08-27
Exposure
Unable to Withdraw
Severe Slippage
Scam
Others
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Amount resolved within one month(USD)
$60,351
Number of People Resolved
15377
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