Recently, a number of foreign investors broke the news that Effortwe could not withdraw funds and was required to pay 30% to 32% personal income tax.

Many foreign investors were unable to withdraw funds

At the end of June, a Huiyou asked for help from Effortwe, saying that when he tried to withdraw his account balance from Effortwe when it reached $11,000, the customer service asked him to pay 32% of the personal income tax and pay it by June 30.

Another Huiyou also revealed his experience of being scammed on Effortwe. It is reported that he deposited $22,000 in Effortwe, made a profit of $28,000, and had a balance of $50,000 in his account, but when he withdrew, he was required to top up $12,466.22 (30%) as personal income tax deduction in order to continue the payment process. Only then does the victim realize that he has been cheated.

FX110 investigation: Effortwe is a very young company and its website is full of bugs

The FX110 investigation found that Effortwe changes sites every month, the original domain effortwe360.com (created on May 15, 2021, updated on June 11) is no longer open, and the other domain effortwe365.com (created on June 12) is currently operating normally.

Creation time of effortwe365.com domain name

effortwe360.com (unable to open) Creation time of the domain name

The platform claims effortwe global Limited is globally licensed and regulated and provides trading services for financial products such as currencies and CFDS. It does not disclose the company's registered address or provide specific information about the regulation it is regulated under, which is commonly posted in a prominent place for users to verify.

In addition, the platform profile of its English page claims effortwe global, but when switching to the Chinese page, the company name of the platform profile claims CAREFORUNES, claiming that the information is not rigorous.

Clearly Effortwe is a false campaign, unregulated and unregulated black platform!

FX110 has listed it as a fake trader, details can be found by clicking on the chart below.

FX110 network especially reminds that although the global financial regulation has increased the crackdown on financial crimes, financial fraud is still not poor, investors must pay attention to the compliance of the review platform before investing, which is an important prerequisite for ensuring the safety of funds!