Money Ocean FX- Red Flag

Be vigilant if you wish to be safe. In the forex market, many scammers are trying to deceive you. If you are not aware enough, there are lots of chances. They'll defraud you.

WikiFX received such a complaint from India recently against Money Ocean Fx. The victim said he invested a decent amount with the broker on April 7, 2024. The complainant said, “I got two withdrawals from this broker, and then they started the deduction.”

“I placed a withdrawal, and they removed my scalping amount first on April 17, 2024, then on April 18, 2024, when I placed a withdrawal of the remaining amount, they did spoofing on my account, and the balance is now negative,” he added. The victim stated that I emailed them, but they are not replying, and I didn't receive any mail from the company for scalping issues.

When we searched for Money Ocean FX on WikiFX, we found it to be an unlicensed broker with a low score. WikiFX issued a warning against it by saying:

Warning: Low score; please stay away!

It has been verified that this broker currently has no valid regulations. Please be aware of the risk.

The current information shows that this broker does not have trading software. Please be aware!

You must stay away from this unauthorized broker and keep your money safe. You can download the WikiFX app on your phone for the latest updates about the forex market.