Booked a broker with 5 stars, got ghosted for 2 weeks straight

Started with ThinkTrade FX because they had 400+ positive reviews on a site I trusted. First deposit of $850 went through smooth, but when I tried to pull $300 last Tuesday, support just stopped replying. My withdrawal request sat in 'processing' for 9 days until I filed a complaint with the FCA. Turns out the broker was using a gray license and the reviews were mostly paid or fake. Anyone else notice a pattern with brokers that have too many perfect ratings?

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jordanr899d ago

400+ positive reviews" is the biggest red flag there is honestly. I fell for the same trap with a "5 star" forex firm last year and it played out exactly like yours. My small test withdrawal of $200 took 3 weeks and suddenly they wanted KYC documents I'd already sent twice. When I checked the review site again, the top reviewers all had like 1 review total and joined the same month. These shady outfits flood the boards with fake praise and then flip a switch once they've got your cash. The gray license trick is everywhere too, they flash a number that looks official but means nothing. You did the right thing filing with the FCA, most people just eat the loss and the scammers count on that. Hope you get your $300 back but if it's any comfort, losing that amount early is cheaper than losing a big deposit later.

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