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BGI Burst Clients' Accounts with an Unaccountable Mistake
Abstract：Trading with signal providers is a common "shortcut" when it comes to making money from the currency markets passively, especially for impatient traders who do not have the time and effort to learn to trade personally. However, nowadays there are too many signal providers in the forex market, making it difficult to know which ones can be trusted.
Trading with signal providers is a common “shortcut” when it comes to making money from the currency markets passively, especially for impatient traders who do not have the time and effort to learn to trade personally. However, nowadays there are too many signal providers in the forex market, making it difficult to know which ones can be trusted.
Bullet Global Investment (BGI) is a brokerage firm in the United States. According to WikiFX's strict evaluation system, BGI is a broker that has a relatively low score because it does not have a valid license to support its operation.
Recently, WikiFX has been receiving a continuous stream of Exposure submissions from victims of BGI about its provided signals.
BGI offers signal services for traders who are looking to make money passively. It has over 1,200 members in a separate app/group.
When it comes to social trading like this, nothing is guaranteed. Traders that are blindly following the trades will never know the real strategy behind those signals, or if the master trader is reliable, to begin with.
Readers can learn more about the truth of social trading here: https://www.wikifx.com/en/newsdetail/202208049624696314.html
The worst-case scenario in following trading signals is blowing up one's account without even knowing what went wrong. This was what happened to this BGI victim who reached out to WikiFX (see the screenshot below):
In response to the incident which caused not just one, but many victims' accounts to be blown completely, BGI released a statement like this pushing responsibility away from BGI. Although nothing can be guaranteed in trading, BGIs way of handling such incident is irresponsible.
If you are currently relying on BGIs signals, WikiFX advises you to always be alert and stay cautious. It is better to choose a broker that is more reputable, more established, and operates under the regulation of an authority body, with valid licenses. We want you and your trading funds to be safe at all times.
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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