In a previous article, WikiFX discussed a case about one Vietnamese trader who exposed Tifia's refusal of letting him withdraw his money. This broker, TIFIA, terminated its services on May 30, 2022, and rejected this trader's request for money withdrawal on various grounds, which causes this trader to lose control of his money eventually. In desperation, the trader exposed TIFIA's actions to WikiFX, hoping WikiFX would assist him to find a solution. To learn more about TIFIA and this case, you can use this link https://www.wikifx.com/en/newsdetail/202206274704881309.html to check the details.
WikiFX has been keeping track of this case for some time. Recently, WikiFX received an update on TIFIA. This Vietnamese trader told WikiFX that TIFIA had delayed the duration of withdrawal, even worse, it had removed this traders application for withdrawal request from TIFIA's website.
About WikiFX
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About TIFIA
Founded in 2014, TIFIA is a Vietnam-based forex broker whose main business is also based in Vietnam. TIFIA offers a wide variety of market instruments to its clients, including Сurrencies， metals (gold, silver, and other metals), Stock Indices, etc. On WikiFXs website, this broker has been given a score of 4.79/10.
TIFIA Regulation
TIFIA is a regulated broker, it was regulated in Vanuatu. However, according to WikiFX, the Vanuatu Financial Services Commission (VFSC) with license number: 40209 is an offshore regulatory.
TIFIA deleted the record of applications for money withdrawal submitted by this Vietnamese trader on TIFIA's official website
In the previous article, we discussed TIFIA about the closure of its service. Recently, this victim told WikiFX that he received an email from TIFIA. In this email, TIFIA informed him that it has decided to extend the withdrawal timeframes for one more month. TIFIA claimed that it will return the clients money before July 30, 2022. (Previously TIFIA stated that it would meet its financial obligations to customers by June 30, 2022).
This victim, from Vietnam, told WikiFX about the horrors he encountered while investing in TIFIA. This is a real-name reporting, and above is the victim's ID.
Based on this email above, we can see that TIFIA extends the duration of withdrawal. But what really makes the trader upset was that TIFIA then removed the trader's application for money withdrawal from its website. This means that TIFIA will not put the issue of the trader on their list of issues to be resolved.
According to the above, we can see that the victims withdrawal request has been erased by TIFIA.
Conclusion:
According to WikiFX's investigation, TIFIA has indeed closed and ceased business. However, the trader has not succeeded in withdrawal until now, and his application for withdrawal on TIFIA's official website has also been deleted by TIFIA without the permission of this trader. It seems that the email of “Withdrawal Extensions” sent by the TIFIA team is just an excuse for TIFIA to deceive traders. This broker does not want this trader to successfully withdraw his money.
If you want to know more about this issue, you can click this link https://www.wikifx.com/en/newsdetail/202206274704881309.html for more details.
WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.
WikiFX will keep track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website or download the WikiFX APP to evaluate the safety and reliability of this broker!
