Is DRCFX a scammer? WikiFX helps you find the answer

What does DRCFX look like？

“DRCFX seems to have too many complaints.”

“No enough info to prove DRCFX is a solid broker.”

If you want to know whether DRCFX is a reliable forex broker or not, please continue to read.

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of DRCFX based on the facts.

What is WikiFX？

WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry.

WikiFX is able to evaluate the safety and reliability of more than 31,000 global forex brokers.

WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en)

In order to explore whether DRCFX is a scammer or not, we evaluated DRCFX from different aspects, such as regulatory status, exposure, etc.

1. Evaluate the reliability of DRCFX based on its general information and regulatory status.

To understand DRCFX better, we explore DRCFX by analyzing two main perspectives:

A. General Info of DRCFX

B. Regulatory Status

A. General Info of DRCFX

DRCFXs general info has been showed below:

(source: WikiFX)

(source: WikiFX)

The website of DRCFX supports three different languages, including English, Chinese and Japanese.

a. Products & Services

DRCFX provides clients with bunch of products, including Trade Stocks/ETFs.

b. Trading Platform

DRCFX offers MT4 trading platform, available in windows, OSX & IOS, Android, as well as Browser.

c. Customer Support

The DRCFX customer support can be reached through email: enquiry@drcfx.com, as well as online chat.

(source: WikiFX)

B. Regulatory Status

The legitimate license of DRCFX

According to WikiFX, DRCFX currently doesn‘t hold a legitimate license. It isn’t regulated by any regulatory institution, which means no one can hold them accountable if you cant withdraw your money.

(source: WikiFX)

2. The feedback from Twitter

To figure out whether DRCFX is a scammer or not, we made a survey about DRCFX on Twitter.

Reviews on Twitter:

DRCFXs former name is HIIFX.

Police issued a risk warning about the DRCFX.

Many traders reports that they cant withdraw money from DRCFX.

(source:Twitter)

3. Exposure related to DRCFX on WikiFX

On WikiFX, the Exposure is consist of feedback from traders. Regarding DRCFX, as of February 17th, 2022, the number of complaints received by WikiFX has reached 13 in the past 3 months.

(source: WikiFX)

These traders complained that they can not make withdrawals from DRCFX. One trader claimed that DRCFX keeps delaying the withdrawal time. Another trader said he/she applied for withdrawal for three months, but still unable to get money back. The superior of DRCFX are always perfunctory with this when he/she consult with them.

(source: WikiFX)

These traders have other issues with DRCFX, such as being scammed or experiencing bad customer service.

4. Special survey about DRCFX from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score between 0 to 10. The higher the score is, the more reliable the broker is.

The Scoring criteria of Brokers on WikiFX

Lisence index: Reliability and value of licenses

Regulatory index: license regulatory strength

Business index: enterprise stability and operational capability

Software Index : trading platform,instruments etc

Risk Management index: the degree of asset security

According to WikiFX, DRCFX has been given a very low rating of 1.17/10.

(source: WikiFX)

Please note that the broker with such a low score can be a potential scammer since you dont want to lose everything to the last penny.

B. Field Investigation

• l In order to help you fully understand the broker, WikiFX also investigates the brokers by sending surveyors to the brokers physical addresses.

• l On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.

• l As of February 17th , 2022. WikiFX didnt do a site survey on DRCFX since its physical address remains unknown.

5. Conclusion: DRCFX has a lot of complaints, be aware of it

Due to the negative features and complaints, WikiFX doesnt recommend you to invest with DRCFX as it may take your money away fraudulently. We encourage you to seek other licensed brokers. WikiFX contains details of more than 31,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.