Trader maliciously made clients lose. He is very likely to collude with the agent to get a commission!

This trader is my alumni. After graduating in 2012, we became colleagues. Because of our connections all year round, I know that this person is not bad. Later, after I resigned and found a new job, I contacted him and knew that he was engaged in the foreign exchange industry. Our true cooperation was in 2018. He told me that he had not succeeded in doing the studio before, and this time he wanted to do something else. I just had a little spare cash, so I brought my friend to talk about it. When he met us, he assured us that there would be no loss. He said he was very professional and took out his EA test data, telling us that the annual income can reach 43%. Later, we felt that everything was fine. We two people each took out $10,000 to trade with him. On the first day, he told us that EA had gone wrong, resulting in a loss of $2,000. Later, he promised that we can earn $2,000 in 3 months. In order to support him later, we invested another $15,000, just to let him earn back the loss as soon as possible. My friend also brought another good friend of his to invest 5,000 dollars. During this period, the profits were not enough to make up for the loss. Later, he told us that he mainly engaged in day and position trading, saying that as long as he chose the right direction, it would be profitable in two or three days. He said that he has also shouldered more than 100 pips of spread and let us believe in him and let us stay calm. In the second month, some transactions he made lost more than 2000 dollars. By January 2019, our $5,000 was all lost. During the period, he said that his wife was pregnant, causing him to fail to concentrate on the trading, and later said that his father was hospitalized. I have no research on these, although he cannot concentrate on trading, but to do is better than not to do. Later I saw that the Wikifx platform exposed a lot of agents, so I guess he was also suspected. I exposed him, just wanting other people to be alert!