Frozen Funds and Unregulated Practices – User Complaints against Dominion Market

If you're planning to trade in forex markets, you need to be extra cautious. Some brokers may seem fine at first, but on some random day, they could come chasing your funds.

They often don‘t give any warning, and the reasons for the freeze aren’t always clear. Always take the time to research thoroughly before you invest. A similar case was reported by a trader of Dominion Markets.

How Dominion Markets Trapped User

The victim reached out to WikiFX with his plea related to fund withdrawal. He explained that his withdrawal request, which was close to his full capital, was blocked without any prior notification. Despite complying with all necessary steps, his funds remained frozen, and he couldn't access them.

“Dominion Market 100% DD broker and scam beware if the withdrawal of funds is close to 100% capital. Without notification, your money can not be withdrawn for various reasons, Dominion Market Broker will blame your open position,” the user said.

“This broker will initially withdraw you for a deposit, it seems easy to trade for profit. then the funds are frozen unilaterally. Beware.....” the trader added in his complaint to WikiFX.

Well, this is a common method which brokers trap traders. They simply freeze your funds when you try to withdraw, especially when you‘re close to withdrawing all your money. They often don’t give any warning, and the reasons for the freeze arent always clear.

Therefore, it is always take the time to research thoroughly before you invest in a trading platform.

WikiFX Review

When we searched for this broker on WikiFX, we found that it holds a low rating of 1.47 out of 10. The review highlights significant concerns about the brokers legitimacy and transparency.

WikiFX issues a clear warning:

Warning: Low score, please stay away!

It has been verified that this broker currently has a suspicious regulatory license. Please be aware of the potential risks associated with trading here!

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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.