As a curtain-raiser for a scam, the display of a trader's extravagant
life on social networks aims to gradually convince viewers of being
wealthy through forex trading.To get more news about
Gold Price, you can visit wikifx.com official website.
Delude targeted people
This trader intended to induce a lot of investors to invest by posting
his successful experience of forex trading via social networks. He
introduced to his followers the skills of trading and earning millions
of dollars, recommended a certain forex platform to them, and affirmed
that this was regulated by the Financial Conduct Authority (FCA) so that
available withdrawals could be guaranteed.
Losses in trading
After making deposits, investors were told by the platform that their
transactions had seen losses and were not allowed to withdraw the rest
of their funds because of varying excuses made up by the platform. At
the same time, the aforementioned trader who posted his lavish lifestyle
on WhatsApp disappeared! Obviously, this was a scam carried out via
social networks!
Team behind the scam
The fraud was not manipulated by an individual but a team of
‘affiliate marketers’ called GS3 Trades (GS3). They scammed victims out
of hundreds of thousands of pounds.
Reminder made by WikiFX
This kind of story can be heard here and there as photos relating to
the luxurious lifestyle and profitable forex trading often pop up when
we surf the Internet, which is a lure commonly used by scammers! Please
search qualifications and reputation of forex platforms via WikiFX, a
simple but sufficient step to keep your funds safer! (bit.ly/wikifxIN)
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