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BGI Burst Clients' Accounts with an Unaccountable Mistake
Abstract：Trading with signal providers is a common "shortcut" when it comes to making money from the currency markets passively, especially for impatient traders who do not have the time and effort to learn to trade personally. However, nowadays there are too many signal providers in the forex market, making it difficult to know which ones can be trusted.
Trading with signal providers is a common “shortcut” when it comes to making money from the currency markets passively, especially for impatient traders who do not have the time and effort to learn to trade personally. However, nowadays there are too many signal providers in the forex market, making it difficult to know which ones can be trusted.
Bullet Global Investment (BGI) is a brokerage firm in the United States. According to WikiFX's strict evaluation system, BGI is a broker that has a relatively low score because it does not have a valid license to support its operation.
Recently, WikiFX has been receiving a continuous stream of Exposure submissions from victims of BGI about its provided signals.
BGI offers signal services for traders who are looking to make money passively. It has over 1,200 members in a separate app/group.
When it comes to social trading like this, nothing is guaranteed. Traders that are blindly following the trades will never know the real strategy behind those signals, or if the master trader is reliable, to begin with.
Readers can learn more about the truth of social trading here: https://www.wikifx.com/en/newsdetail/202208049624696314.html
The worst-case scenario in following trading signals is blowing up one's account without even knowing what went wrong. This was what happened to this BGI victim who reached out to WikiFX (see the screenshot below):
In response to the incident which caused not just one, but many victims' accounts to be blown completely, BGI released a statement like this pushing responsibility away from BGI. Although nothing can be guaranteed in trading, BGIs way of handling such incident is irresponsible.
If you are currently relying on BGIs signals, WikiFX advises you to always be alert and stay cautious. It is better to choose a broker that is more reputable, more established, and operates under the regulation of an authority body, with valid licenses. We want you and your trading funds to be safe at all times.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Have you been lured into the Charles Schwab app for trading on the back of outrageous profit claims by the broker? Did you fail to receive any of these? Does the broker deny withdrawals every time you request and cancel your forex trading account? Have you been victimized financially by its trade manipulation? Act before you are left with a NIL balance in your account. Many traders have questioned Charles Schwab customer service and many other operational executives for the aforementioned illegitimate trading activities. In this Charles Schwab review article, we have shared some of their comments. Read on!
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Finding a trustworthy broker from the huge and often confusing world of online trading options is one of the biggest challenges a trader faces. In this competitive market, PINAKINE Liquidity Limited has appeared, getting attention with promises of high leverage and zero-commission trading. However, a closer look shows important factors that every potential client must think about before investing. The most important thing to consider with PINAKINE is that it has no regulation. This fact completely changes how risky the broker is and has major effects on how safe your investments will be. This review gives a complete and fair examination based on information available to the public. We will break down its services, trading conditions, platform technology, and the possible risks involved, helping you make a fully informed decision.
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