WikiFX Review: Is Returnsfx reliable?

ReturnsFX is a forex broker registered in China. This broker is newly established. Which does not have much experience in trading. Most importantly, we found out that this broker has a relationship with the scam broker CappmoreFX. Returnsfx's low score of 0.99/10 on WikiFX's rating system serves as a red flag, indicating the high level of risk associated with this broker. WikiFX's low rating takes into account various factors, including regulatory compliance, client feedback, and a broker's history. Returnsfx's abysmal score reinforces the concerns surrounding its legitimacy.

The Website of ReturnsFX

The website of this broker offers much less information about itself. In order to check the account types or other basic information on it, you have to sign in to an account first, which is quite inconvenient and unfriendly.

The Transformation from Cappmorefx to Returnsfx

Cappmorefx was once a name that circulated in online trading circles, but its reputation took a dramatic nosedive due to allegations of fraudulent activities. Investors accused Cappmorefx of operating a Ponzi scheme, which typically involves using funds from new investors to pay returns to earlier investors, creating a cycle of deception. The extent of the financial losses incurred by investors remains a matter of concern.

According to what we gathered from social media, Returnsfx emerged as the new name for Cappmorefx, raising questions about the reasons behind the rebranding. Such a change in identity often signifies an attempt to distance the broker from its tainted history and regain the trust of potential investors.

WikiFX has not minced words when it comes to Returnsfx. We issue a warning advising all investors to stay away from this broker.

The Ponzi Scheme

The allegations of Cappmorefx's involvement in a Ponzi scheme have sent shockwaves through the trading community. Ponzi schemes are illegal and unethical, causing substantial financial harm to unsuspecting investors. Returnsfx's connection to Cappmorefx raises doubts about whether the same practices are being continued under the new name.

Investors are typically lured into Ponzi schemes with the promise of high, guaranteed returns. However, the returns are paid using the capital of new investors rather than legitimate profits from trading activities. This unsustainable model eventually collapses, leaving a trail of financial ruin in its wake.

Conclusion

Returnsfx, formerly known as Cappmorefx, has garnered notoriety for its alleged involvement in a Ponzi scheme and a subsequent rebranding attempt. The warnings issued by WikiFX, coupled with the low rating of 0.99/10, underscore the high level of risk associated with this broker.

Investors are strongly urged to exercise extreme caution when considering any dealings with Returnsfx. The allegations of a Ponzi scheme and the broker's checkered history should serve as a stark reminder of the importance of thorough due diligence when selecting a broker. Transparency, regulation, and a proven track record are key criteria to consider to protect your investments.

If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find your most trusted broker.