Scam COFCO

Experience of Mr. Liu from Sichuan: In this July, I deposited fund in COFCO and my nightmare began. At first, a salesman added me and pulled me into a group, in which a teacher was guiding members to operate, which was professional. So I added another 300 thousand. Unexpectedly, 400 thousand was gone within 10 days. The salesman comforted me, saying the teacher is under the weather. But he was to go on a vocation. The teacher continued to ask me to add fund.

A man wanted to exchange stock with me, who proclaimed to be experienced in stock trading. He pulled me into a group, in which he taught us stock trading. Following his guidance, we made some profits. Later, he recommended us Jinxiu Commodity trading center, saying that the stock market was volatile. He promised us a rose garden. I got registered and profited a lot on 3 projects. I continued to add 300 thousand, being ready to earn more! 7 days later, he asked me to set position by 30%. I questioned whether it is a large portion. He asked me to be rest assured. Unexpectedly, my position became liquidated after 2 times of operation. 300 thousand was gone. But he still asked me to add fund.

I knew this teacher in a group. He taught us stock and sometimes recommended some bull stocks. Then, saying that the stock market was volatile, he asked me to follow him. So I deposited 50000 RMB to have a try, but the assistant said that my fund was too mere. Thus, I added 250000 RMB. At first, there were some profits. But I suffered losses in the next days. After my 300000 RMB was gone, the teacher didn’t reply to me.

Scam JITAK

JC and JITAK induced client to add fund continuously and gave no access to withdrawal! It has no record or qualification. Regulation number: 0527005 Australian License: 611849248. Even the qualification number is wrong! In addition, the websites of JITAK and JC, namely, https://www.jitakcl.com/ and https://jcmtfe.com/, are the same. Don’t be cheated.

Scam RFB

dont invest in here.. yeah the company is real.. but their work ethic is disgusting.. they doesnt care about trader.. they only care about that you trade as much as you can.. cuz they got like 20% commision/ transcation, believe me, their salesman is fucked up & know nothing about trading at all, if you do invest, they gonna trick you into loss, so you have to, top up your money again & again, and withdrawal process is fucked up too, believe me, i'm ex employee of this company.

I joined Huiyang Investment in Chengdu at the end of September 2019. At that time, they advertised that the stock yield was very high, and I believed it. After I paid a service fee of CNY 88800 (6 months) to become a client, the customer service staff shortly suggest me to upgrade the service, saying that the rate of return can reach 30-40%. I paid another CNY 30,000 (6 months). Then the account manager said that I could become a customized customer with the rate of return reaching 60% if I can pay CNY 180,000. I said I don’t have that much money, so I won’t pay it. After that, the customer service did not respond me anymore. All the recommended stocks made me lose money. None of them were profitable. I lost more than CNY 500,000 in total in addition to the service fee. I have asked them many times for refund but it was rejected. The reason was that I have listened to their lessons. Each of the three lessons cost CNY 59,800. There were also additional services for me. According to their calculation, it was me who have to pay them instead. Since joining this company, my life has been completely disrupted, and there is really no way to file complaints! My attempts to negotiating with the other party for many times had failed. At the end of October 2019, the company’s mentor suddenly disappeared and the service was suspended. My request for refund was rejected. What makes me even more angry was that they said that my service time has passed and would not be refunded. My service was temporarily suspended. If I want to, I can continue to trade with their new mentors to recover my losses. How dare I continue to operate with them? What they did is very different from what they had previously promoted.

In the end of last June, the manager of flush recommended a software named Finance Master, ensuring a stable profit, which I don’t believe. But he claimed this software could guarantee the profit, with a real-time notification on trading. He also boasted that some clients had profited by 80 to 90 points(remains to be tapped). They claimed that they have Tuoying data, which can monitor the accounts of big funds and the bookmaker. Actually, it is far from the previous Yingfu since it was a processed one which couldn’t detect the order shift. Secondly, it said that it could provide the internal information.In fact, their stock pool is a rip-off, including Deep Stock Pool and Concept Stock Pool. Thirdly, the co-called expert is also unprofessional, often giving wrong recommendation. When I applied for withdrawal, but the company refused in bad manner. The service kept fending off. Under their recommendations, I have lost 30% of my fund. The company dismissed the indemnity and blamed on clients. The technician was a afterthought.

Scam ICX Capital

Teacher: Tang Weiguo and Chen Qanlong Assistant: Song Ting Account-opening director: Wang Wei I was accidentally pulled into a group named Stock Patriotism Group, which was changed into Qianlong Patriotism Group. The teacher asked us to trade London gold since the fund for the second share. He recommended us ICX Capital , ensuring a 80% profit. He opened the account for and asked me to deposit by 2 times. I deposited $8020 and $30800 namely, which was gone in wake of liquidation. There was only $2000 or so left, with a loss rate of 94.5%. The teacher blocked me. I remembered that he mentioned nothing on risk, let alone setting the stop-loss or take-profit price. Method: through WeChat I was required to send screenshot from time to time.

Scam FX MingDao

After giving you some sweet, it would make you suffer all losses and abscond. It is simply a fraud.

Scam DALU

In June, 2018, the so-called salesman of Shanghai Continental Futures added me and recommended me stocks. Then he induced me to trade mainland futures since the stock market was volatile. So I got registered and transferred my fund. After a year’s frequent operation, I lost nearly 100 thousand yuan, with huge handling fee. DALU shirked the onus on the mediator. After investigation, I figured out that it belongs to a retail industry, Fujian Zhongsheng Hengji Industrial Co., Ltd., which hasn’t any qualifications to engage in investment. Why can such a company become an intermediary of Shanghai mainland futures platform?

Scam JC

JC and JITAK induced client to add fund continuously and gave no access to withdrawal! It has no record or qualification. Regulation number: 0527005 Australian License: 611849248. Even the qualification number is wrong!

Scam Dow500

As of July 27, the withdrawal is sill unavailable. It claimed that it must begin the AML program.

Resolved FX MingDao

The withdrawal is unavailable. FX MingDao manipulated on the quotation. After that, the brokerage blocked me. Fraud.

Scam Ontega

Ontega coveted all my fund. $600 was gone.

Scam BANK OF CHINA

The Crude oil APP of BANK OF CHINA is a rip-off. It didn’t sell at when the market was cocking up. When the price plummeted, which caused huge losses.

Scam TradeGF

I deposited $250 and profited $1000, while TradeGF gave no access to it.

Scam XGLOBAL

This fraud conned you to make investment and then gave no access to withdrawal. Stay away!

In this April, the service of Guotai lecture pulled me into a group, in which shares recommended were all profitable. I also followed and earned a few. On May 7, the teacher asked us to open an account for Maotai trading, many followed. Seeing the profit screenshots, I had a try and deposited 8000, earning several hundred yuan a time. Then the group was dismissed June 10, the teacher asked us to add him to give one-on-one instruction. At first, he told us to trade on a small scale, which I felt trustable. I profited a lot and added another 300 thousand under his recommendation. I bought 600 boxes on rising market, while the market kept plummeting. He didn’t stop losses for us, blaming it on technical problem. I lost 200 thousand during this trading, but the teacher still conned me to add fund, saying that he would recover losses for me, which I refused. Then the salesman came to me and repeated the same words.

Scam China-Derivatives Futures co,.LTD.

In this March, I received a friend request, which I thought it might be stock friend. Then I was pulled into a preparation group, in which members showed profits screenshots. I was moved and observed for awhile. Later, I also got registered and followed the teacher’s instruction. The teacher asked me to bring the deposit to 500 thousand as a threshold, claiming that professional teachers could operate for me. There were gains and losses. When there was only 100 thousand left, I tried to apply for the withdrawal. But the funding channel was unavailable on ground of risk existence. The teacher kept fending off and noticed me that the deposit/withdrawal might be deferred. The withdrawal is unavailable for one week.

Scam KINGSFINTECH

In this February, I knew KINGSFINTECH on friend’s recommendation. The account manager, without notifying me, leveled the leverage into 200 times, that is, about 5000 RMB could place a lot future, with 300 HK dollar. After that, I realized that the leverage of its future was 10 times, with margin 200 thousand yuan and handling fee 10 HK dollar. KINGSFINTECH claimed that it owns the New Zealand license, with offices in New Zealand and Hong Kong, China. At present, many teams use its brand to set up channels for investing in international futures. As a result, these investors' funds haven’t flowed into the formal Hong Kong market. Base in investigation, I found that the software service provider is the trust steward (also known as New Explorer). The agent could charge the commission randomly. For example, the commission could go up from 80 to 500 yuan per lot. With Liu’s lobbying, became interested in future and got registered to be his one-on-one client. At first, there was a little profit. But on March 10, he asked me to but long on WeChat suddenly, without notifying me the rule of rollover, causing liquidation at 2:50, 10th. My position was shut at 24663 and 24664. My cost was above 26000, thus, 180 thousand was gone instantly. He admitted that onus was on him and agreed to compensate me. During 11st to 13rd, he told me to trade DJI to recover losses. So, I bought 8 tickets. Unexpectedly, liquidation occurred again on 13. Those losses were my father’s hard-earned savings and loan I borrowed. I may borrow another 4 million to go through the circuit. I have no idea but to sell the 8 tickets of DJI.