SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:Lured into trading with FNmarkets with misleading bonuses that did not come to your account? Have been made to wait endlessly for fund withdrawal access? Does the customer support system fail to respond to your pressing issues? These point to a potential investment scam. Many traders have complained about FNmarkets on review platforms. We have uncovered some of them. Read on!

Lured into trading with FNmarkets with misleading bonuses that did not come to your account? Have you been made to wait endlessly for fund withdrawal access? Does the customer support system fail to respond to your pressing issues? These point to a potential investment scam. Many traders have complained about FNmarkets on review platforms. We have uncovered some of them. Read on!
Traders have made different complaints regarding forex bonus offers. While some have failed to receive the promised bonus, some have been made to fill out the form and wait for when the offer will come online. This has resulted in a breach of trust between the broker and traders. Here are multiple screenshots supporting several complaints in this regard.



Traders have openly criticized FNmarkets about the constant lapses in its withdrawal process. Many of them are yet to receive withdrawal access, even after requesting it months ago. With such a long and frustrating wait for withdrawals, some traders negatively reviewed the broker online. Here are some screenshots.



Whether the complaint is regarding bonus schemes or withdrawal access, traders have not been supported adequately by the customer service department. The unprofessional and delayed approach of customer service officials has made many traders annoyed. Consequently, some of them criticized the brokers customer service. Here are their comments.




The Score for FNmarkets
FNmarkets grabs a very low score of 1.73 out of 10, and the reasons are obvious. The growing number of complaints works against the broker. Another concern is the lack of regulatory status for FNmarkets, which somewhat allows it to manipulate traders. Skip this broker and instead partner with a licensed broker.
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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.

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