FTI Alerts Investors: Beware of Baxia Markets' Withdrawal Issues

FTI alerts investors to be What is the scam that takes you to do foreign exchangecautious when dealing with new forex platforms. It is crucial to choose a platform that is regulated by a reliable authority. Understanding the platform's background, studying its trading conditions, trading software, and customer service are essential steps before forextrustindex.

Before forextrustindex in a new forex platform, it's imperative to conduct thorough research and investigations to ensure investment safety and a better trading experience. (More Forex platform)

Recent Investor Complaint on Baxia Markets

Recently, an investor has lodged a complaint through the FTI APP alleging that Baxia Markets has failed to process withdrawal requests despite generating profits. The complainant revealed that they deposited $5000 on June 3rd and made a profit of over $9000. On June 24th, they applied for a withdrawal but it was cancelled. On July 17th, they applied for a withdrawal of $12000, but it has not been processed yet. After checking with customer service, they said it is currently being processed by the compliance team, but there is no follow-up information.

Baxia Markets Overview

Founded in 2020 by professionals in the Forex trading industry, Baxia Markets claims to have tailored its services based on feedback from thousands of traders and research from top Forex brokers in Europe, America, and Asia. Nevertheless, according to FTI's records, Baxia Markets displays two licenses—a Bahamas SCB Financial Services License and a Seychelles FSA Securities License—both of which are noted as operating beyond their authorized scope, casting doubts on the safety of investors' funds.

FTI Risk Warnings

FTI has issued five monitoring warnings against Baxia Markets, highlighting potential risks. Additionally, the platform's low credit rating of 4.3 out of 10 on the FTI APP suggests a concerning level of trustworthiness, prompting FTI to advise investors to steer clear of Baxia Markets.

Conclusion

When selecting a Forex trading platform, investors must conduct extensive research and due diligence to avoid encountering similar issues with withdrawals or fund security. FTI's platform and resources offer invaluable insights to help investors make informed decisions and protect their investments.

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