Global Broker Regulation Inquiry App
About WikiFX
Pay a 17% Tax First, Then You Can Withdraw" — How Nixse Allegedly Held One Trader's €25,000 Hostage

Pay a 17% Tax First, Then You Can Withdraw" — How Nixse Allegedly Held One Trader's €25,000 Hostage

Imagine logging into your trading account and seeing a balance of €25,860. You started with €12,450, you traded carefully, and now you want to pull out a modest €5,000 — money that, on paper, is sitting right there waiting for you. Then the message arrives: before you can withdraw a single euro, you must first pay a "stock market flat tax" of 17% on all your earnings. That is more than €4,400, demanded upfront, with no invoice, no official document, no legal basis whatsoever. You refuse. Your account is promptly frozen. That is not a hypothetical. According to a complaint filed on WikiFX, it is exactly what one French trader says happened to them with Nixse — and it is a textbook example of one of the oldest, ugliest tricks in the online trading world. Let's unpack what Nixse is, what users are reporting, and why the warning signs around this broker are flashing bright red.

Exposure
TotalFX Dangles 1:1000 Leverage and a $0 Minimum Deposit - But Is Its Regulation Strong?

TotalFX Dangles 1:1000 Leverage and a $0 Minimum Deposit - But Is Its Regulation Strong?

On the surface, TotalFX reads like a brand-new trader's wish list come to life. No minimum deposit, so you can start with almost nothing. Leverage cranked all the way up to a jaw-dropping 1:1000. Spreads advertised from 0.0 pips. Both MetaTrader 5 and cTrader available. Copy trading baked right in. Tick, tick, tick, tick. If you were building a checklist of "things that make a broker look beginner-friendly," TotalFX would seem to hit nearly every box. But how strong is its regulatory background? Let's find out!

Exposure

Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher

Energy costs in the region surged by an annual rate of 10.9% in May.

Industry
Italy Orders Blocking of Five Unauthorized Investment Websites

Italy Orders Blocking of Five Unauthorized Investment Websites

Italy’s market regulator has ordered the blocking of five unauthorized investment websites, bringing the total number of blocked sites since 2019 to 1,723.

News
Capital.com Updates Brand Identity and Mobile App

Capital.com Updates Brand Identity and Mobile App

Capital.com has introduced a refreshed logo and redesigned mobile app, adding an AI assistant, trading analytics, and simplified navigation for iOS and Android users.

News
FXOpen Review 2026: Regulation, Complaints, and Clone Risks

FXOpen Review 2026: Regulation, Complaints, and Clone Risks

FXOpen holds top-tier licenses from CySEC and the FCA, but Indian traders should note significant user complaints regarding high withdrawal fees and trade slippage. Before depositing, carefully verify the official website to avoid known clone scams and test small withdrawals early.

Exposure
She Thought She Found Love. Instead, She Lost 1.5 Million Baht and a Luxury Sports Car.

She Thought She Found Love. Instead, She Lost 1.5 Million Baht and a Luxury Sports Car.

He Claimed Elite Connections. She Ended Up Losing Millions and Her Dream Car

News
T4Trade Review 2026: Official Warnings and Withdrawal Risks

T4Trade Review 2026: Official Warnings and Withdrawal Risks

T4Trade holds an offshore license but faces official warnings from European regulators and serious user complaints regarding blocked withdrawals. Indian traders should cautiously evaluate these high-risk signals before sharing financial information or depositing funds.

Exposure
LONG ASIA Review 2026: Withdrawal Complaints and Unverified Regulation

LONG ASIA Review 2026: Withdrawal Complaints and Unverified Regulation

LONG ASIA presents a severe risk for traders due to an unverified regulatory status and a clear pattern of withdrawal blockages. Indian traders should exercise extreme caution, as multiple user complaints report unauthorized account draining and funds being trapped with no support response.

Exposure
Octa vs XTB — The Battle Of Two Very Different Broker Philosophies

Octa vs XTB — The Battle Of Two Very Different Broker Philosophies

Octa vs XTB Showdown: One Is Banned By The RBI, The Other Has 24 Years Of Stock-Market Pedigree — Which Should Indian Traders Actually Trust In 2026? If you are an Indian trader who has done even a casual Google search for forex brokers, two names will have crossed your screen — Octa (formerly OctaFX) and XTB. Both are widely advertised, both have massive global followings, and both claim to offer competitive trading conditions for retail traders. But these two brokers could not be more different in their philosophy, regulation, and legal standing in India. Octa is a mobile-first, high-leverage, beginner-friendly offshore broker that has rapidly grown across emerging markets — including, controversially, India. XTB is a 24-year-old publicly-listed European broker with deep Tier-1 regulation that has specifically chosen NOT to accept Indian clients in 2026. Yes, you read that right. XTB does not accept Indian residents. And Octa, the one that does serve Indian residents, has been adde

News
RCG Markets Review 2026: Is This Forex Broker Safe?

RCG Markets Review 2026: Is This Forex Broker Safe?

RCG Markets is a South Africa-regulated forex broker with a WikiFX Score of 2.35/10. It offers MT4/MT5, eight account types, a low R50 entry condition, and very high leverage, but the low score, exposure reports, and a withdrawal complaint require caution.

Exposure
How to Survive Small Losses by Calculating Forex Position Size

How to Survive Small Losses by Calculating Forex Position Size

For Indian retail traders entering the highly volatile Forex market, the most important lesson is learning to accept small, controlled losses to prevent margin calls. This article explains how to determine risk tolerance, calculate proper position sizing, and avoid fraudulent platforms that exploit beginner mistakes. The main takeaway is that managing your trade size mathematically is the only sustainable way to survive market fluctuations.

News
TD MARKETS Review 2026: Is This Forex Broker Safe?

TD MARKETS Review 2026: Is This Forex Broker Safe?

TD MARKETS is a South Africa-regulated forex broker with a WikiFX Score of 5.61. While it offers MT4/MT5 access, multiple account types, and FSCA regulation, traders should note regulatory disclosures from CNMV and BAPPEBTI as well as user-reported access and support issues.

Exposure
The Hidden Risks of Margin Calls and How to Trade Trends Safely

The Hidden Risks of Margin Calls and How to Trade Trends Safely

This article explains the mechanics behind margin calls and account liquidations, alongside the importance of utilizing risk/reward ratios and trend analysis. It is designed to help beginner Forex traders in India understand how leverage amplifies risk and how rule-based trading can protect their capital.

News
Rupee Weakens to 94.95 Amid Oil Spike

Rupee Weakens to 94.95 Amid Oil Spike

The Indian rupee weakened to 94.95 against the dollar despite RBI intervention, pressured by heavy foreign capital outflows and a spike in global crude oil prices driven by Middle East geopolitical tensions. In global markets, the dollar held steady, advancing into the upper 159 yen-range.

News
Master Select Group Review 2026: Severe Withdrawal Risks and Scam Allegations

Master Select Group Review 2026: Severe Withdrawal Risks and Scam Allegations

Master Select Group (MSG) is an offshore broker with a critically low WikiFX score of 1.62, marred by unverified regulatory licenses and widespread withdrawal complaints. Indian traders face severe risks, as numerous users report trapped funds, unauthorized account manipulation, and unresponsive customer support.

Exposure
How Thinking in Rupee Amounts Ruins Trades and Risk Rules Save Accounts

How Thinking in Rupee Amounts Ruins Trades and Risk Rules Save Accounts

Many new Indian Forex traders blow up their accounts because they calculate trades based on emotional cash amounts rather than strict risk parameters. This article explains the mechanics of forced liquidations and how applying a defined risk/reward ratio protects trading capital. By setting stop-losses based on market structure rather than random ruin levels, beginners can survive market volatility.

News
AIMS Opens Jakarta Office

AIMS Opens Jakarta Office

AIMS has opened an office in Jakarta after receiving BAPPEBTI approval, adding a regulated local presence in Indonesia’s retail trading market.

News
ICM.com Took Two Years to Give Up Its FCA Licence. Is It Still Regulated?

ICM.com Took Two Years to Give Up Its FCA Licence. Is It Still Regulated?

ICM.com is no longer authorised by the UK FCA. WikiFX data shows it still holds ADGM and Seychelles licences, but the regulatory protection now differs by jurisdiction and client type.

Exposure
Trading.com Secures MiCA Licence in Cyprus as Crypto Access Becomes Part of Its EU Strategy

Trading.com Secures MiCA Licence in Cyprus as Crypto Access Becomes Part of Its EU Strategy

Trading.com has obtained a MiCA licence from CySEC, allowing the brand to expand regulated crypto-related services within the European Union.

News
Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com