Is Investment Management Trusted Broker?

Photo: Wikifx

“Total trade volume over 15 million”, “about 380,000 users worldwide”, “registered with the Financial Service Provider (FSP).” Investment Management seems to be a good choice for trading, BUT... let's finish this story before you open an account with this New Zealand broker.

Investor's Narration

My relatives and friends and I wanted to trade forex, so we started searching for a good teacher willing to offer trading indicators. One of my relatives added a girl and started chatting about trade. The girl told him that she was trading with a very good teacher named Zeng Lingwei. She gave him the teacher's contact number. After a call, my relative was told to invest in the platform Investment Management.

My relative first started out depositing about $1000 with the teacher, but then his account was blown up. The teacher said that he would deposit into my relative's account and asked my relative to deposit some as well. Within a month, my relative had deposited many times, and finally, his account started growing. We started depositing on this platform as well.

Then the teacher said that he would charge a 50% commission on each transaction of new investors. Before signing this contract, my relative was asked to deposit a large sum of money.

My relative grew his account to over $300,000 and then asked for a withdrawal. But the platform told him if he withdrew the fund, there would be a 10% withdrawal fee. The teacher introduced a man named Abdul Salam to assist my relative. At last, they reached an agreement that my relative deposited $10,000 into the account for management and free withdrawal. But when Abdul Salam got the money they BLOCKED my relative, me, and all the others.

Broker Review

As per the investigation, the score of INVESTMENT MANAGEMENT is only 1.00 on the WikiFX APP. According to the latest risk warning, this broker currently has no valid regulatory information. The New Zealand FSPR regulatory license (license number: 591349) claimed by this broker is a suspicious clone, please be aware of the risk!

FSPR regulatory license claimed by this broker is a suspicious clone.

Reprinted from Wikifx, the copyright all reserved by the original author.