Scammed by "Brokers"

[Mukkamala Niranjan]

Hi All,

I am from india and i am new to this forum and i lost 5000 USD by broker keyfxmarkets.com from canada and my account suspended once i am applied withdrawl in my trading account.
And later i have invested another broker Isports trader and even this company advisor also made me loss upto 6000 USD till now and my account is hedging with loss. Which means free margin is only 900 is available so if i have closed buy or sell side positions then my account will be washed out. So my financial.advisor from isports manager suggested me to deposit another 4000 usd to recover this loss.

So here my question is this company Isports Trader scammer or genuine ?

And. Are they allow me to withdraw my capital and profit once recovered the loss.

Now my mt5 account loss with 37000 usd and my balance is 19000. USD.

So really they are guiding me right or wrong or shall I transfer from this broker account to.my own or another broker account to save my account? If yes how it's possible?

 

[EnrichWave]

financial.advisor from isports manager suggested me to deposit another 4000 usd to recover this loss.

If you deposit more. That also will vanish.. Find a brother and trade with them who are not doing money management,ponzi schemes themself..

 

[Enivid]

It looks like you have been scammed. Report them to the police and your local FX regulator. You can probably forget about recovering your funds, but make sure that you won't fall for it again. You should either learn to trade yourself and open an account with a legitimate broker or find a licensed money management company if you want someone else to trade for you (and still be ready for the losses).

 

[HeavenLeighGill]

Yikes, it definitely sounds like you've been scammed.

 

[Vitobran]

Not sure but this broker is called kings of transparency. I was told buy a person i met that it costs 3k a yr or 5k for life time to be apart of the channel

 

[Glossy]

I have noticed that there are many fraudulent brokers among those who have been in the market for less than 5 years.

 

[pietskiet]

I invested plus minus $226 using Davis Trading into MQL5. After 5days a profit of plus minus $6000 is shown in my account. Now they inform me that my account needs to be upgraded and has been suspended. They say it needs to be upgraded to the tune of $1600 which I don't have.
Is this procedure correct?
Has anyone had a similar experience?

 

[pietskiet]

I invested plus minus $226 using Davis Trading into MQL5. After 5days a profit of plus minus $6000 is shown in my account. Now they inform me that my account needs to be upgraded and has been suspended. They say it needs to be upgraded to the tune of $1700 which I don't have.
Is this procedure correct?
Has anyone had a similar experience?

I invested plus minus $226 using Davis Trading into MQL5. After 5days a profit of plus minus $6000 is shown in my account. Now they inform me that my account needs to be upgraded and has been suspended. They say it needs to be upgraded to the tune of $1600 which I don't have.
Is this procedure correct?
Has anyone had a similar experience?

Correction: Actually to upgrade they are asking $1700 and I can't get it from my profit as my account is suspended.

 

[Enivid]

I invested plus minus $226 using Davis Trading into MQL5. After 5days a profit of plus minus $6000 is shown in my account. Now they inform me that my account needs to be upgraded and has been suspended. They say it needs to be upgraded to the tune of $1600 which I don't have.
Is this procedure correct?
Has anyone had a similar experience?

Unfortunately, you've been scammed. What they are now trying to do is to scam you for even more money. Do not send them any funds. Report them to the police and your local financial services regulator.