"FxGecko advises investment enthusiasts that choosing a platform regulated by reliable regulatory bodies is crucial. It is essential to research the platform's background, trading conditions, trading software, and customer service before investing.
Recently, an investor complained through the FxGecko app that their account on the EightCap forex platform was maliciously zeroed.
The complainant revealed, "I had been trading with EightCap for some time and participated in their monthly trading competition, where I won a credit bonus of $288. However, after trading for a while and incurring some floating losses of a few tens of dollars, the platform suddenly cleared my account to zero without any explanation. This was a genuine trading bonus that I had earned, not something the platform gave me for free. Floating losses are normal, so why hold a trading competition with bonuses if they don't allow any losses? This malicious clearing behavior is truly revealing of this platform. I advise everyone to be cautious and not deposit funds lightly. Details can reveal whether a platform is legitimate or not. If they want to clear your account, they will clear it. If they want to ban your trading, they will do so. If they want to block your account, they will do it. It is dangerous, and those who are clear-headed should be careful."
According to the EightCap website, the company was established in Melbourne, Australia's traditional financial center, in 2009. The management team comprises elites with over 20 years of experience in the forex and financial fields, having worked in investment banks.
Currently, forex companies in the industry cannot provide satisfactory services to traders. High spreads and severe slippage are common phenomena due to the lack of strict regulation. We are determined to change this and promise to maintain industry transparency and professional ethics, providing traders with a fair, transparent, and honest trading environment for mutual benefit."
EightCap, Display 3 regulatory platforms on the FxGecko app. Publicly claiming that the regulatory status of the Australian ASIC license held is under regulation; The regulatory status of Vanuatu VFSC and Bahamas SCB licenses is over limit operation.
FxGecko Risk Reminder: EightCap has 7 self risks, 3 associated risks, and 66 monitoring alerts. Pay attention to early warning!
EightCap, FxGecko APP has a score of 5.9 and a low credit rating. Investors are advised to stay away!
