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Rekha P.

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Total Points
86

1 Review by Rekha

  • Kwakol Markets

7/24/23

Am not here to defame anyone am just narrating like common person that I went through.
It started with promise of Robotic trading was asked to deposit refundable $250 by Kwakol market. After week nothing worked as promised. After month person from Kwakol called me on Jan 26th 2023. He introduced himself as 12-15 yrs experienced and promised to touch sky. He also told he has never traded with $250 and which seemed okay to me. I got convinced to put $1750 where he said will add some bonus that I can use for trading. First thing he asked me to trade was WTI, most volatile and risky instrument for newbie. After few positive trades rest my trades started going in negative. Un fortunately I was advised to open 100 Volume max which I did nearly to that, told not to be afraid and keep opening the trade till my margin is 200%(As per the external expert review this is incorrect). Mr.M advised me not to close with losses instead to deposit more which came up to 10+K:-(. Later did not turn up after several emails except for accepting deposits. I can't explain the stress I went through with 3 yrs old kid to look after. By then I had deposited $10,028 to recover my capital:-(. Trust me I did not have any withdrawal apart from $300 & $100 and one being for confirming my bank account. Later recovery manager entered the situation for Kwakol and they are only 4 people in entire company and will help me recover my account as it was in RED Alert. He spoke few hours logically where I had to put more funds to save my capital. I was assured will recover my account if I listen to him. It was so stressful, and I did not want to loose $10,028 so I had to deposit $3K to save my account and then $2K. Started doing small trades where my margin moved to 400%. Equity started showing 40 to 50% recovery. Was assured to make good profit and then close the trades with losses. My plan was to recover my capital, I was not even looking for single dollar profit apart from my capital amt. I was given WRITTEN confirmation that by June 10th I will withdraw $10K amount with my equity 30K and also SWAP free. SWAP was removed frequently. I had second baby plan hence me and my husband took call to get over this mess as this time recovery manager was genuine, God believing person, honest & someone like us. Me and my husband went extreme, closing my bank account, one of fixed deposit, borrowed from my mom and my husband made some personal loan as well. We accumulated and did multiple deposits. ($******* is the total deposit I made till now apart from my initial $250 refundable deposit and withdrawal of $400). Again I got RED margin as trades were in wrong direction, Kwakol put $4K to save my account as I started breaking emotionally when I was asked for more deposit. Unfortunately, my account got washed out.
I got my case reviewed by legal professionals and professional traders and they said its pure SCAM, as per them trading above 20% of capital is wrong way. No doubt I learnt to review inventory reports, CPI reports, red folder reports in forex factory etc. but it was at cost my years of savings, 5-6 months of stressful weekdays.

Rekha Has Earned 6 Votes

Rekha P.'s review of Kwakol Markets earned 6 Very Helpful votes

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