Although illegal brokers tend to use similar tricks, many investors still fall victim to these traps. In a recent complaint against broker scam that WikiFX received, the illegal broker Shi Jin Investment tricked investor in a way that appears surprisingly similar to that of ZHENXI Investment, a formerly exposed broker.To get more news about TurboForex, you can visit WikiFX news official website.
　　Mr. Jin was first introduced to Shi Jin Investment by Mr. Li, a "financial analyst" from a live video streaming investment program. the "analyst" bombarded him with attractive empty promises about the "Eagle Scheme" and eventually hypnotised him. But pretty soon, Mr. Jin‘s withdrawals were frequently rejected by the broker. Sensing something was wrong, Mr. Jin contacted the customer service agent, who was rather aggressive during their communication. When Mr. Jin finally realized he must have been defrauded, he told the broker's agent that he might take legal actions against them, yet the latter contemptuously reply they‘ll "meet him in court". Until now, Mr. Jin's large account balance remains unavailable.
Similar to ZHENXI Investment, Shi Jin Investment also used live video streaming to lure investors into their traps. Worrying about not making the right decisions in their forex trading, many investors will often grasp at any straw and turn to so-called "signal providers" online for help. Yet its exactly this mindset that the illegal brokers are targeting to defraud investors.
　　In the information age, the internet has both pros and cons. Investors should learn to cross-check a broker‘s profile, rather than blindly trusting the broker's advertisements. As a leading forex media, WikiFX has now recorded detailed profiles of over 14,000 brokers, and investors can draw on the authoritative and comprehensive information to make better decisions when trading forex.
　　Conclusion
　　Rated at 1.21 on WikiFX App, the broker Shi Jin Investment has no valid regulation, bearing significant risks. WikiFX suggests investors to stay away from it.