TransxMarket & UniversalFXSoftware Are Fraudulent – Stay Away!
I opened an account with TransxMarket in September 2024 based on the recommendations of UniversalFXSoftware and Mr. Naem, who introduced me to their trading plan. They also provided a free bot for trading Gold/USD on the MT5 platform, which initially seemed promising.
However, my experience quickly turned sour. After making two initial transactions of $100 each, I faced significant issues with withdrawals. Whenever I requested a withdrawal, it required approval from Mr. Naem. If he approved the request, the funds would be released; if not, I wouldn’t receive anything. This approval system added unnecessary control and lack of transparency to the process.
Additionally, TransxMarket began delaying my withdrawal requests and pressuring me to bring in more clients. In an attempt to comply, I referred one client. However, they continued to demand more referrals and started harassing my referred client as well, coercing them to bring in additional clients while delaying their payments too. We both made it clear that we would only consider referring more clients after receiving all of our invested funds along with the promised profits. Following this, TransxMarket abruptly stopped communicating with us. They ignored our withdrawal requests and left us without any resolution to date (January 2025).
We raised multiple complaints through TransxMarket’s customer support, but they failed to resolve our issues. The entire experience has been stressful, and their behavior appears to be highly unethical and fraudulent.
Based on my experience, it’s clear that TransxMarket, in collaboration with UniversalFXSoftware, exploits clients through their opaque practices. The approval-based withdrawal system gives them undue control over our funds, which is a significant red flag.
I strongly advise against investing with TransxMarket or relying on UniversalFXSoftware. Protect your hard-earned money, stay vigilant, and avoid falling victim to their deceitful schemes.
19. Januar 2025
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