A trader reported an incident to WikiFX after requesting to withdraw part of his gains from trading with Oks Markets Limited. A broker told the trader that he would get his money within 3 to 4 days. The trader received confirmation that the withdrawal procedure had been completed, but the money remained in the account after four days. The trader exchanged his earned money with the hope of earning more, but he ended up losing all of his earnings, including the money he was due to get. This episode should serve as a reminder to everyone that trading addiction is one of the most common reasons traders lose money. However, the focus of this article will be on the broker and how they handle their investors' withdrawal requests.
The report is provided below. URL is https://exposure.wikifx.com/en/detail/202206081432259630.html.
OKs Markets' official website (https://www.oksma.com/en) is now unavailable and under investigation by WikiFX. Reaching out to customer service is now hard for traders.
What exactly is Oks Markets？
According to the WikiFX research, Oks Markets Limited is a foreign internet trading broker situated in Hong Kong that is regulated by ASIC and has a bad rating.
How to report this kind of scam？
We are urging any traders who are having similar issues to contact the WikiFX Right Protection Team to get this problem rectified.
The following are the procedures for reporting the event to WikiFX.
Step 1: Launch the WikiFX app, which may be accessed through a computer or a smartphone.
Step 2: At the top of the app, click on the term “Exposure”.
Step 3: Look for the term “Exposure”, which is a red button at the bottom of the page, and click on it.
Step 4: Choose a case type from the list.
Step 5: Choose the broker who is involved.
Step 6: Begin reporting your experience by filling out the form.
How can you avoid this kind of scam？
As we all know, Forex trading has a significant level of risk. Make certain that the broker you choose comes highly recommended and has excellent reviews on WikiFX (example shown below). Conduct extensive research on a certain broker to see whether they have any complaints, particularly on the withdrawal procedure, customer support, website stability, and so on. Some of us would like to test a new broker due to their incredible offers since we don't know what's behind them. It is their marketing approach to entice individuals, but once you are caught on their web, they will gradually begin the scamming process. That is how most scammers operate. Before investing, it is preferable to choose a reputable and well-recommended forex broker.
WikiFX app is available for free download on the App Store and Google Play Store.
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