SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:Are fund losses normal for you at tastyfx? Does the US-based forex broker constantly manipulate prices to hit your trading experience? Do you fail to receive a reply from the broker on your fund withdrawal requests? Do you constantly face trading account issues with tastyfx? It’s time to read the tastyfx review shared by traders online.

Are fund losses normal for you at tastyfx? Does the US-based forex broker constantly manipulate prices to hit your trading experience? Do you fail to receive a reply from the broker on your fund withdrawal requests? Do you constantly face trading account issues here? Its time to read the tastyfx review shared by traders online.
Traders have reported massive fund losses on the tastyfx platform, with one trader admitted to have been still reeling under the effect of $199,000 loss. The screenshot below does not contain words; it contains the traders fear in the aftermath of a severe financial loss. Have a look.

Stop-loss is a forex risk management tool that helps automatically close the trade as the price falls to a limit specified by the trader to the broker. However, the cases at tastyfx read different stories altogether. In one case, the price was far away from the stop-loss level specified by the trader. However, the broker closed the trade and ran away with the capital. Since the trader just used a 10 cent lot size, he was able to curb losses. In another case, a trader has alleged that tastyfx goes after the stop loss and then goes in its direction. As the trader places trades, it does not trigger the price. Sharing two screenshots explaining issues concerning the stop-loss.


Yes, this has also dragged traders into a severe crisis. In one such case, a trader attempted to withdraw $200 but could do so successfully. The broker asked him to wait for the receipt. However, the trader could not receive anything. Here is what the trader said.

Continuing with the fund withdrawal issue, another trader has emailed repeatedly about withdrawal errors, but of no avail. After receiving no response on this critical matter, the trader accused the broker online through this complaint.

No, it is not regulated. The lack of regulatory supervision greatly explains the mess traders encountered at tastyfx. Factoring in complaints and no license status, the WikiFX team handed the broker a score of 1.58 out of 10.
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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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