Another forex broker is caught in scandal, and this time its PGWG, a broker that used to be high-profile and popular with its name shown on
Time Square.To get more news about
WikiFX, you can visit WikiFX news official website.
We learned that PGWG is a forex broker registered in Australia and New
Zealand that claims to be regulated by multiple authorities, offering
financial services including securities insurance, fund and forex
trading. Yet the broker has been frequently complained against and
exposed. Could all its honors and highlights be nothing more than a
bluff?
Heres the story of an investor at PGWG.
Ms. Xu is a victim of PGWG. She said that she was first introduced to
PGWG by Li Jinxi and under Mr. Lis strong recommendation, Ms. Xu signed
up at PGWG and made several deposits, which brought in moderate profits.
But since this August, withdrawals first took longer than usual, and
then Ms Xu began receiving one withdrawal through several separate
transactions. Finally, she could no longer make any withdrawal. She
contacted the broker several times about the matter but received no
reply.
Per checking WikiFX App, we found that PGWG's score is only 2.14 and
operates in overrun business, as it‘s not qualified for forex brokerage
holding ASIC(Australian)’s license for investment consultation and
FSPR(New Zealand)s license for financial service provider. The broker is
currently unregulated and has been marked by WikiFX as a risky broker!
In recent years, illegal forex brokers have attempted to disguise
themselves as compliant and regulated brokers through publicity
campaigns on multiple media channels. Many investors have thus fall
victims to these traps. Not knowing enough about illegal brokers is at
the root of investors‘ gullibility, so if you want to find out whether
the broker you’ve chosen is compliant, or if you need to recover your
losses after defrauded by scam brokers, you can become WikiFX App member
and enjoy our professional assistance and services.
