Score

1.44 /10
Danger

1000EXTRA

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

High potential risk

Influence

E

Better than 10% brokers
Open Account
Website

Score

License Index0.00

Business Index6.48

Risk Management Index0.00

Software Index4.00

Regulatory Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Influence

E

Better than 10% brokers
Website
Open Account

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open for free

Contact number

English

+97 239 155 972

Broker Information

More

Company Name

Mil Xtra LTD

Company Abbreviation

1000EXTRA

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Twitter

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2022-10-04
  • It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months, please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to withdraw

1000EXTRA IS A SCAM

In June 2017, the broker 1000extra contacted me through a call offering me advice and managing my account through a supposed advisor. That is how they appointed me an advisor named Fernando Colin who called me every day supposedly to teach me how to invest in the stock market, telling me about many numbers of profits in the market since he managed accounts of several people giving him profits. That's how I started with them to invest since they worked with fundamental news such as the unemployment rate in the United States, the agricultural payrolls. Whenever this type of news came out, they would not be able to take an order by recording the day before so that my advisor would do it in my place. My advisor offered me a return of 20% of profits with that operation, so I started with 1,000 dollars and later increased it to 5,000 dollars with a promissory note of 4,000 pesos, that was all my capital that I had. But my advisor always told me to increase my account more in order to have higher profits. Thus, on a market news date, he told me to increase my account, of which I had no more capital to invest. At that moment, he told me that if I had no more capital than the broker, he would lend me with his famous promissory notes, which are loans that they give you, but in 7 days you have to pay off that supposed loan. It was like that that he offered me 50,000 dollars, which I told him that Hera had a lot of money that he could not repay that money, then he told me for 25,000, I did not accept him either, of which he told me that he was going to consult with the area of ​​​​loans that how much Hera spent the minimum 2 minutes and he told me that he had made the possible amount of 12,500 dollars, of which he spoke very well that he was going to help me with time to be able to pay that promissory note that he would lend me money and that in a week he would return it Making the withdrawal of my bill. It was so that I took that loan of course that the next day the profits were there but I had to cancel that loan to be able to withdraw it, I could not take my capital or my profits to be able to cancel it only with cash deposits. It was so that I had to lend myself money to be able to pay it, it took me more than 7 days because it was not easy to get it and on her part Hera put a lot of pressure on me, she told me in the emails that if I don't cancel as soon as possible they would cancel my account. So with a lot of effort I canceled it, they were with bank deposits in parts, the first ones were reflected on the platform, but the last deposit took a long time to be reflected, then when it was already reflected, he told me that since I spent the estimated time in a promissory note clause, he said that I had to make operations for the amount borrowed for a week. This is how my advisor told me why I didn't know anything about the market which trades to open and that was where the losses started, despite the fact that I questioned him about the trades that were negative, he told me not to worry that the market would recover later. It was there that I lost all my capital. Unfortunately I couldn't do anything about it because he managed my account. When all my capital was lost I asked him for an explanation, then he contacted me by phone asking for forgiveness since the market went against me and if I wanted to recover my capital I had to deposit more money and if I didn't have it he would give me a loan for 30,000 Dollars. Of which it was to return to the same thing that I had to pay off that loan first to be able to withdraw it is where I decided to leave it there. Look for information on the internet and I saw that I was not the only one if there were not a lot of victims of this broker that until now continue to scam more people but with another name. It was a tough experience.

Cliff Villalobos
2022-07-25 09:17
4
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