Post Claims Forex Scam Victim Lost All Savings
A Twitter post reports that a former parliamentary staffer lost all her savings to a forex scam, warning against unverified online investment platforms. The post links to a full story on Soko-Directory.
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Forex Scam News
The latest forex and CFD scam reports — fresh complaints and fraud warnings gathered daily from social media and traders, summarised by our editors. Not limited to brokers in our database; if a scheme is being flagged, it can show up here.
Updated 2026-07-28
Latest scam reports
Freshly gathered from social media and user complaints, each summarised neutrally with a link to the original source.
Reddit User Warns of Elon Musk Impersonation Scam
A Reddit user reports that their father, diagnosed with bipolar disorder, has been messaging with a fake 'Elon Musk' on Signal and buying bitcoin from the scammer. The father also fell for a fake publisher scheme, losing thousands of dollars and withdrawing his retirement.
Elon Musk impersonation scam Read full report →
Redditor reports fake Morgan Stanley advisor scam
A Reddit user claims they were targeted by a person posing as a Morgan Stanley financial advisor who provided AI-generated verification. After backing out, the scammer sent threatening emails. The user reversed their 401k withdrawal and advises others to verify credentials carefully.
Twitter user claims forex influencers run deceptive schemes
A Twitter user alleges that forex influencers use fake screenshots, manipulated dashboards, and staged wealth to lure followers into depositing funds with affiliated brokers, where they often lose money. The poster says these practices constitute a scam and calls for full disclosure of contracts and audited track records.
forex influencers Read full report →
Tweet Accuses @dammiedammie35 of Forex Scam
A tweet alleges that @dammiedammie35 is hunting for victims to lure into a forex scam, using education as a cover. The claim is unverified and lacks specific details.
@dammiedammie35 Read full report →
Twitter User Alleges Habbyforex is a Scam
A Twitter user with the handle @Habbyforex_ posted a claim that Forex is a scam, specifically referencing Habbyforex. The post includes a link, but no further details were provided. The claim is attributed to the user and has not been independently verified.
Habbyforex Read full report →
QT Funded Accused of Denying Payout After Manual Breach
A trader on Trustpilot alleges that QT Funded manually breached their account just one day before a pending payout, after they had completed a new 30-day cycle. The trader claims they received an unrequested refund and no clear explanation for the breach, raising concerns about transparency and fairness.
QUANT TEKEL Our review · 41/100 Read full report →
Trader Alleges QT Capital Refused $2,890 Payout and Breached Account
A Trustpilot complaint claims QT Capital refused to pay a trader $2,890 after a two-month wait, then hard breached the account without a satisfactory explanation. The poster warns others to stay away from QT Funded.
QUANT TEKEL Our review · 41/100 Read full report →
User recounts GDC coin scam in Maharashtra
A Reddit user shared an experience with a fraudulent cryptocurrency scheme involving GDC coin, which allegedly disappeared after a large-scale scam in Maharashtra. The user also highlighted common red flags in MLM-style recruitment tactics.
GDC coin Read full report →
Reddit User Warns of GDC Coin Scam After Losing Money
A Reddit user recounts a GDC coin investment scheme that turned out to be a scam, with many people in Maharashtra reportedly losing money. The user highlights common red flags such as upfront payments and recruitment-based commissions.
GDC Coin Read full report →
Warning: Exchange bulletscrypto.com flagged as scam
A Reddit user warns against depositing funds on bulletscrypto.com, claiming it is a fake exchange and withdrawals are impossible. The post alleges the site is operated by scammers.
bulletscrypto.com Read full report →
Reddit User Warns of Trade-Point.site Scam Exchange
A Reddit user warns that trade-point.site is a fake exchange where users cannot withdraw funds. The poster claims the site is run by scammers and advises against depositing money.
trade-point.site Read full report →
Reddit User Warns of Scam Site spx84k.com
A Reddit user warns that spx84k.com is a fraudulent trading platform where withdrawals are blocked, and lists several associated domains. The post advises against depositing funds.
spx84k.com Read full report →
Trader Alleges QUANT TEKEL Rejects Payout After Profitable Days
A Trustpilot user claims QUANT TEKEL refused their withdrawal request after eight profitable trading days, calling the firm a 'total scam'. The complaint highlights payout refusal as a common red flag in trading scams.
QUANT TEKEL Our review · 41/100 Read full report →
QT Funded Accused of Refusing Payout, Citing Lost Data
A Trustpilot user alleges that QT Funded refused to pay a $100 payout, claiming the company lost their trading data. The poster also notes that QT Funded was rebranded from AscendX Capital in 2024 and has been delisted from Prop Firm Match.
QUANT TEKEL Our review · 41/100 Read full report →
Trader Reports Withdrawal Delays and Partial Refund from QUANT TEKEL
A Trustpilot user claims QUANT TEKEL delayed a withdrawal for months, offered excuses and options, and ultimately issued a $100 refund instead of the expected $1,900 payout. The user warns others against opening accounts with the company.
QUANT TEKEL Our review · 41/100 Read full report →
Trustpilot Complaint Alleges QUANT TEKEL Denying Payouts and Ignoring Support
A Trustpilot user claims prop firm QUANT TEKEL has refused payouts without explanation, ignored support requests, and issued fake breach notices. The user demands payment after 1.5 years of use.
QUANT TEKEL Our review · 41/100 Read full report →
Quant Tekel Accused of Ignoring Payouts and Pressuring NDA
A Trustpilot user claims Quant Tekel ignored payout requests for nearly eight weeks, used copy-paste responses to reviews, and demanded an NDA and forfeiture of pending payouts to return funds. The poster also states formal emails went unanswered.
QUANT TEKEL Our review · 41/100 Read full report →
Trader Claims Refund Delay from Funding Pips
A Twitter user reports that they have been requesting a refund from prop firm Funding Pips for 30-31 days without success. The poster labels the situation with the #scam hashtag, suggesting unresolved payout issues.
Funding Pips Read full report →
Twitter User Warns of Dubai Forex Broker Scam in India
A Twitter post claims MLM leaders have invested 22 crore in a Dubai-based forex broker, calling it a potential scam. The poster urges authorities to investigate before it becomes a major fraud.
Dubai-based forex broker (unnamed) Read full report →
TruTraderFX founder accuses Nigerian traders of forex fraud
According to a tweet from forexblog newsroom, TruTraderFX founder Jamaal Trades has accused several Nigerian traders, including Habby Forex, Jeffrey Benson, Dax, Trade With Kene, FZ Nation, and Bryan OG, of being fraudsters who use forex trading as a cover for scams. The allegations are as yet unproven.
TruTraderFX founder Jamaal Trades Read full report →
Hacked Forex Trader Account Used to Scam with Funding Pips
A Twitter user reports that the account of Forex trader @titusforex was hacked, and the hacker is using it to promote Funding Pips, falsely claiming affiliation. The original post was deleted.
Funding Pips Read full report →
Trader accuses @yassfxacademy of forex scam
A Twitter user claims to have been scammed by @yassfxacademy, accusing the group of hiding behind forex and crypto trading education to deceive investors. The poster calls on Nigerian authorities to investigate, warning others to stay away.
@yassfxacademy Read full report →
Twitter User Claims @olaoflagos Promotes Scam Forex Academies
A Twitter user has accused @olaoflagos of advertising scam forex academies. The post, which calls for public scrutiny, suggests that the individual has been promoting fraudulent trading education programs.
@olaoflagos Read full report →
Twitter User Alerts of CK Capital Scam, Payout Issues
A Twitter user flagged CK Capital as a potential scam, using hashtags like #ckcapitalscam and #ckcapitalpayout. The post claims payout problems without providing specifics. Traders are advised to verify the broker's legitimacy and regulatory status.
CK Capital Read full report →
Jamaal Trades Alleges Nigerian Forex Traders Are Fraudsters
According to a Twitter post by TruTraderFX founder Jamaal Trades, several well-known Nigerian forex traders, including Habby Forex, Jeffrey Benson, Dax, Trade With Kene, Fznation, and Bryan OG, have been accused of running scams. The post warns followers to avoid these individuals, but no evidence has been provided.
Nigerian forex traders (Habby Forex, Jeffrey Benson, Dax, Trade With Kene, Fznation, Bryan OG) Read full report →
Trader reports Axwel withdrawal issues and high-pressure tactics
A Reddit user claims that Axwel, operating through Flux Ltd in Comoros, blocked withdrawals after they invested approximately ₹49.5 lakh. The user describes a pattern of initial profits, pressure to increase deposits, and repeated demands for more funds to recover losses. The user has filed a complaint with Indian Cyber Crime Police.
Axwel (axwel.com) Read full report →
FundingPips Trader Claims Ban Over Device ID Before Payout
A trader on X reports being banned from FundingPips just before a payout, allegedly due to a CID (Device ID) match linked to multiple accounts. The trader disputes the evidence and questions the firm's transparency.
FundingPips Read full report →
Reddit User Warns of Forex Scam Linked to Echelon and PU Prime
A Reddit user reports that a crochet creator on Instagram is promoting forex trading through Echelon and PU Prime, directing followers to private Telegram groups. The user says Echelon Investment Ltd is blacklisted by the UK FCA, and claims the scheme involves fake profits and blocked withdrawals.
Echelon Investment Ltd, PU Prime Read full report →
Crochet page pushes forex scheme tied to FCA blacklisted broker
A Reddit user warns that a crochet creator is promoting forex trading via Echelon and PU Prime, which they say are linked to an FCA fraud warning. The post describes typical scam red flags like Telegram groups and fake profit calls.
Echelon Investment Ltd Read full report →
Twitter warning targets CoinFxBoom platform
A Twitter user has issued a warning about CoinFxBoom, a trading platform that advertises binary options, forex, and crypto trading with unusually large returns. The poster advises careful verification before depositing funds and invites victims to contact them directly.
CoinFxBoom Read full report →
User Claims Plutus Trade Base Withholds Funds, Fakes Proofs
A Twitter user alleges that Plutus Trade Base is withholding nearly $99,334 from two MT5 accounts and posting AI-generated withdrawal certificates. The post also claims Rise Financial Support confirmed no affiliation, and an FBI IC3 case is active. These allegations are as yet unverified.
Plutus Trade Base Read full report →
Twitter user alleges HStikkytokky runs forex scam
A Twitter user has publicly accused HStikkytokky, a figure associated with forex trading, of running a scam. The post specifically claims that HStikkytokky's operation is a 'forex trading scam' and differentiates it from The Real World.
HStikkytokky Read full report →
400+ Victims in Alleged BotBro-MindCrypto Forex Scam
A Twitter post claims that over 400 investors have been represented in an alleged forex scam involving BotBro-MindCrypto. The post mentions that an accused, Ashutosh Naik, has been arrested, and urges authorities to arrest the remaining accused.
BotBro-MindCrypto Read full report →
Advocates Represent 400+ Victims in BotBro-MindCrypto Forex Scam Case
According to a tweet, advocates Laxman Pednekar and Siddesh Shet represent over 400 victims in the alleged BotBro-MindCrypto forex scam. The post claims investors from Belagavi and surrounding areas are affected, and praises an officer for arresting one accused while urging action on others.
BotBro-MindCrypto Read full report →
Scam warning issued for CoinFxBoom trading platform
A Twitter user warns that CoinFxBoom promotes binary options, forex, and crypto trading with unusually large returns, urging caution before depositing. The poster advises victims to contact them directly. The warning highlights the need for verification before engaging with the platform.
CoinFxBoom Read full report →
CoinFxBoom Scam Warning Circulates on Twitter
A Twitter user has issued a scam warning for trading platform CoinFxBoom, citing its promotion of binary options, forex, and crypto trading with unusually large returns. The poster advises caution and verification before depositing funds.
CoinFxBoom Read full report →
WrPro User Complaint: Slow Customer Support
A user on Wikifx complained about WrPro's slow customer support response, while describing account tier benefits. The user noted that higher-tier accounts offer better leverage and spreads, but the support confirmation was delayed.
XTB Accused of Ignoring Customer Complaint on Trustpilot
A Trustpilot user claims XTB has ignored their reviews for months, despite responding to other customers. The user alleges serious complaints, including promised compensation and communications with a regional manager, and offers to provide evidence. XTB has not publicly responded.
Trader claims Vantage locked account after £40k deposits
A Trustpilot user alleges Vantage Markets locked their account after they deposited over £40,000, citing a breach of KYC checks. The user demands full restitution or threatens regulatory complaints.
WorldFirst Customer Reports Unresolved Payment for Months
A Trustpilot user claims WorldFirst has not resolved a pending payment for nearly four months, with funds neither delivered nor returned. The user says communication has been poor despite multiple follow-ups.
WorldFirst Our review · 44/100 Read full report →
Vantage user reports €15,000 account takeover and unauthorized crypto withdrawal
A Trustpilot user claims their Vantage account was taken over and €15,000 was withdrawn as cryptocurrency despite 2FA and no prior crypto deposits. The user alleges email change without authorization and questions Vantage's security controls. The investigation is ongoing, with case number 5623379.
IG client alleges fund restoration delay and poor customer service
A Trustpilot user reports that IG failed to respond to emails and online chat for weeks, and after finally reaching them, they agreed to restore funds but have not done so. The user also claims they received a request for a review instead of a confirmation. IG has not publicly commented.
Pepperstone user reports impersonation scam, criticizes broker's response
A Trustpilot user claims they were almost scammed by someone using Pepperstone's details. They informed the broker but received no acknowledgment, only unwanted marketing emails, leading to frustration and a warning to others.
pepperstone Our review · 20/100 Read full report →
Vantage Markets customer reports unresponsive support for 2FA issue
A Trustpilot user claims that Vantage Markets ignored emails and chat messages requesting a new QR code for two-factor authentication, leaving them unable to link their trading app. The user warns other traders to expect poor customer service from the broker.
IG Faces Customer Service Complaints on Trustpilot
A six-year IG client reports a sharp decline in service, citing unfulfilled promises, unanswered emails, and unresponsive support channels. The user warns others and claims they are leaving due to unresolved issues.
Trader accuses IC Markets Global of negative slippage after profit run
A Trustpilot user claims that after growing an account from $500 to $82k, IC Markets Global began executing 95% of their orders with negative slippage and delays. The broker reportedly dismissed the complaint with a generic response.
IC Markets Global Our review · 20/100 Read full report →
E*TRADE User Alleges Repeated Account Locks on Withdrawal
A Trustpilot user reports that after attempting to withdraw $1,200 from their E*TRADE account, it was locked for multiple 3-day periods, leading them to suspect prolonged delays. The user also criticizes the Power E*TRADE Pro platform.
Trader Complains of Unresolved Withdrawal at VT Markets
According to a Trustpilot complaint, a trader claims VT Markets has failed to process a withdrawal request and has not responded to multiple emails. The trader demands a written explanation and warns of regulatory action if the issue is not resolved.
VT Markets Our review · 23/100 Read full report →
IG customer alleges ISA transfer mishandled, funds blocked
A Trustpilot user claims IG incorrectly treated an ISA transfer as a new deposit, blocking their ability to invest. The user says repeated contacts over months yielded no resolution.
Trustpilot user alleges Exness wiped out account
A Trustpilot user claims that after verifying their account and depositing, they encountered issues when trying to sell, and subsequently all funds were wiped out and trading history deleted. The user advises staying away from Exness. The claims are unverified.
Exness Read full report →
Weltrade User Reports Month-Long Account Lockout
A Trustpilot user claims they were locked out of their Weltrade account for over a month, with unhelpful support and generic responses. The user moved funds to another service, citing frustration with the delay.
Weltrade Our review · 37/100 Read full report →
Deriv User Alleges Withdrawal Blocked Over Trading Activity
A Trustpilot user claims Deriv declined a withdrawal request, stating they did not trade enough, despite depositing $2,000 and trading for 7 days. The user warns others about potential withdrawal difficulties.
Trader Claims Vantage Suspended Account After $18K Profit
A Trustpilot user reports that Vantage suspended their trading account shortly after they became profitable, citing an internal review. The user warns other traders about this experience, saying they were fine while losing but faced restrictions once profitable.
XTB Withdrawal Issues Reported on Trustpilot
A Trustpilot user claims that withdrawals from XTB have been pending for two months and that customer support is unresponsive. The same post also mentions a different service, but no details are provided.
XTB customer claims £7,000 missing after account closure
A Trustpilot user reports that XTB closed their account without explanation, and after attempted transfers, funds of over £7,000 have not arrived. The user claims poor customer service and unresolved complaints.
PU Prime trader alleges bonus abuse suspension and profit seizure
A Trustpilot user claims that after accepting a 20% bonus, their account was suspended for 'bonus abuse' following a profitable gold trade. The user alleges that the broker returned only their deposits and withheld the $3,571 profit. The complaint highlights potential risks with bonus offers.
Tickmill user reports blocked withdrawals and fund deduction
A Trustpilot user claims Tickmill blocked their withdrawals and deducted all funds and profits without notice. The user advises traders to review account activity and terms before depositing.
TICKMILL Our review · 23/100 Read full report →
Plutus Trade Base Accused of Refusing $99K Payout
A trader on Twitter claims that Plutus Trade Base, also operating as Triple Edge Group LTD, is refusing a payout of $99,334.44 on MT5 accounts. The post mentions blocked auto-trading and legal actions including an FBI IC3 case and a chargeback with Bybit. The trader warns others to avoid the platform.
Plutus Trade Base / Triple Edge Group LTD Read full report →
GoatFundedTrader faces criticism over Trustpilot 1-star reviews
A Twitter user warns against prop firm GoatFundedTrader, citing its Trustpilot page with 36% 1-star reviews and complaints about payouts. The poster advises traders to do their own research before buying accounts.
GoatFundedTrader Read full report →
FXCanary aggregates public regulator warning lists and cross-references them with its own broker reviews. Being listed means a regulator flagged the firm for operating without required registration; it is a serious caution sign, not a court judgment. Firms may request a correction.
Regulator watch lists
953 entities named on official lists (e.g. CFTC RED List).
Flagged brokers we've reviewed
Latest regulator listings
- ASIC Yepbit Exchange (yepwsx.com) ↗
- ASIC Yepbit Exchange (yepbtu.com) ↗
- The Netherlands Vol Handelsburg ↗
- The Netherlands Binomo Crypto ↗
- The Netherlands LDGexperts ↗
- FCA CTI Capital ↗
- The Netherlands Coinestra ↗
- ASIC Impersonation of Sandstone Investment Management Pty Ltd (sandstoneinvest.com.au) ↗
- ASIC Future AU (future-au.com) ↗
- SEC Facebook page "Hua Seng Heng Gold Futures" ↗
- New Zealand Apex Finance Capital ↗
- SC Manu Investments ↗