Never Invest to "Power Function" Or Else It May Lose All Your Money

The WikiFX App is a search engine for forex traders to determine the exact status of the broker and whether it is regulated or unregulated. WikiFX will also inform users of common problems with the broker based on complaints received by WikiFX. WikiFX not only provides information about brokers, but it also provides the most recent forex market news. The main reason for developing the app was not only to determine whether a broker is regulated or unregulated but also to learn about a broker's real activities before investing. Despite the fact that forex trading is a high-risk investment, the forex market has become the top alternative way to get money and has the most options to invest in since the pandemic.

Avoiding scammers will teach you to think wisely and not be drawn in by the trading opportunities that a forex broker has to offer. “Power Function” is an example of a broker who does offer the best trading opportunities, the same as most scammers do, and never returns the money invested by the broker.

WikiFX is now monitoring this broker after a trader submitted a case involving a large sum of money invested in Power Function. According to an initial investigation conducted by WikiFX, Power Function is not a regulated or licensed holder with a permit to operate. They claim to be regulated by the NFA; however, a check of the NFA official website, where you can check the legitimacy of brokers or companies, reveals that Power Function is not an NFA member. A trader who sent a report to WikiFX was duped out of nearly $950,000.00 by the Power Function (image shown below). View the case here.

Another Incident by Power Function. The trader loses money worth of $300.

Check out the full incident here

The trader is presently in contact with the WikiFX Right Protection Center to resolve the situation. According to WikiFX's first internet inquiry, this broker is not only unregulated, but their website is also down. This is a unique scenario in which it is impossible to determine where this broker operates. This is an example of why you should be wary of what a broker gives only to gain more money from them. A scammer is constantly looking for individuals who want to obtain money and invest it someplace else to make more money from their trader's money.

According to an early analysis from WikiFX based on their web study, this broker has no single information online, indicating that this broker is new to the forex market and only has a few traders enrolled on their platform.

WikiFX is working tirelessly to resolve this situation, no matter how long it takes.

You can check out Power Function dealer page to know the more.

The goal of this article is to educate users/traders on the need to research the broker before investing since the forex industry is vast and consumers may easily be duped by the trading chances provided by a broker.

How to Contact WikiFX If You Have Been Scammed By A Broker

Step 1: Launch the WikiFX app on your mobile device or browser. If you haven't already, you can get the WikiFX app for free on the App Store and Google Play.

Step 2: On your smartphone app, which the majority of people utilize to get their news on the move. On the navigation choices, tap the Exposure.

Step 3: On the list of exposures screen, press the Exposure button.

Step 4: After clicking the button, choose the sort of case you want to submit to WikiFX.

Step 5: After selecting the kind of case, look for and pick the broker to report.

Step 6: You should then be able to view the form. Put a title on it and write down everything that happened with a broker in the body section.

Step 7: The most crucial part of submitting the complaint is uploading all of the proof you obtained before the fraud.

Remember that the WikiFX app offers a lot of options to explore to acquire the proper answers to your questions. Make full use of the search bar.