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    1000EXTRA

    • Saint Vincent and the Grenadines Saint Vincent and the Grenadines
    • 2-5 years
    • Suspicious Regulatory License
    • MT4/5 White Label
    • Regional Brokers
    • High potential risk
    Open Account
    WikiFX Score
    Comparison

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

    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    Mil Xtra LTD

    Phone of the company

    97239155972

    Customer Service Email Address

    info@1000extra.com

    Company address

    --

    Pyramid scheme complaint
    Expose
    Warning: Low score, please stay away! 2
    2022.08.14

    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!

    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.

    FX2122690329

    2022/7/25 1:17:16

    Peru

    1000EXTRA

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    1000EXTRA

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    1000EXTRA
    * Contact number
    0086
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    *Reporting Reasons

    *Enter your reason
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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    1000EXTRA · Company summary

       General Information

      1000 Extra is an online forex broker registered in Saint Vincent and the Grenadine, offering its clients access to forex and CFD products, three trading accounts to choose from.

      Account Types

      There are three trading accounts on offer to satisfy different traders trading needs and goals, namely Silver, Gold and Platinum. the minimum initial deposit for each account ranges from $1000 to as high as $10,000. To be honest, the minimum initial deposit of $1,000 is way too much in comparison to its peers.

      Leverage

      The maximum trading leverage offered by this brokerage house is up to1;300,which is a generous offering. High leverage is ideal for professional traders and scalpers.

       Spreads & Commissions

      Spreads are determined by trading accounts you are holding, which means the more account balance you hold, the more competitive spreads you are offered. For instance, Silver accounts offer a zero-commission environment, accompanied with wider spreads, starting from 2 pips. Gold accounts offer spread from 1.5 pips and Platinum account holders can enjoy competitive spreads, from 1 pip.

      Trading Platform

      1000 Extra allows its clients access to the most popular MT4 trading platform, Powerful charting capabilities, including multiple technical indicators and intraday analysis tools, are available through the MT4 trading platform.

      Deposit & Withdrawal

      1000 Extra allows its clients to make a deposit and withdrawal through two payment options: Bank Transfer and Credit Cards. While popular e-wallet payment options such as Skrill and Netellers are not available.

      Contact Information

      Traders who have any trading related issues can get in touch with 1000 EXTRA through email: info@1000extra.com, telephone: 97239155972. Besides, you can also follow this broker on Facebook.

    Risk Warning

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    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.