Last year, illegal broker PTFX ran away after blowing up all the accounts of its users, leaving the entire FX market astonished. The
number of victims reached 2 millions very shortly, and many of them
became homeless and debt ridden just overnight. Although PTFX has
crashed, its former staff are still out there relentlessly defrauding
investors under the name of other companies. With PTFX under
investigation, Huang ZhiMing, the NO. 1 scammer of PTFX, has been
exposed to the public.To get more news about
Malaysia Dato, you can visit
wikifx news official website.
We learned that while working for PTFX, Huang also signed contracts
with several forex companies, including Leighton Futures and JCI. He
claimed to have received the title of "Malaysia Dato" while calling
himself the “Asia’s No.1 trader”. According to Huang, investors can get
100% profits guaranteed in trading under his help, with a 1% minimum
weekly dividend and even greater return proportional to the deposit.
But were his claims real? Or were they simply tales he used to scam gullible investors across Southeast Asia?
Not long ago, WikiFX revealed that Leighton Futures was a lame Ponzi
scheme that has been blocking withdrawals for a long time. The forex
investment project launched by the broker was suspected to be a pyramid
scheme, and Huang Zhiming was the trader who ran this project.
Interestingly, not long after Leighton Futures collapsed, JCI, another
forex company which signed contract with Huang Zhiming, also had a large
number of customer complaints for much-delayed withdrawals and pyramid
schemes. Currently, some victims of JCI have called the police!
Per checking WikiFX, we found that the illegal broker JCI, rated at
only 1.06 on WikiFX App, is without any valid regulation and involves
pyramid scheme. In addition, the broker doesn’t use MT4/MT5 software and
has been in business for less than 1 year, bearing tremendous risks.
We may conclude from the above information that although with different
names, Leighton Futures and JCI, together with PTFX, have been
defrauding investors with similar tricks. This suggests that PTFX as
well as scammers like Huang may still be lurking around, so investors
should definitely watch out for them.
So far, WikiFX App has included profiles of more than 17,000 forex
brokers around the world, while integrating broker information query,
exposure, news feed and other functions, offering better protections for
your assets.
