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Regarding the legitimacy of SICH forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Business

Field Survey Danger

License

ASIC Revoked

Is SICH safe?

The regulatory license is the strongest proof.

AR

ASIC Appointed Representative(AR)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Revoked
  • License Type:

    Appointed Representative(AR)
Licensor:
HLK GROUP PTY LTD
Australia ASIC STP
  • Licensed Institution:

    SICH CAPITAL GROUP PTY LTD SICH CAPITAL GROUP PTY LTD
  • Effective Date: Change Record

    2021-11-08
  • Email Address of Licensed Institution:

    jason@hlkgroup.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    2022-02-23
  • Address of Licensed Institution:

    156 739 Sydney Rd Brunswick VIC 3065
  • Phone Number of Licensed Institution:

    1300 669 605
  • Licensed Institution Certified Documents:

11 name

Is SICH a scam, or is it legit?

The latest exposure and evaluation content of SICH brokers.

MT5 fraud and unable to withdraw
I finally saved a sum of money and was called by a friend to use MT5. I thought I could easily make money, but in the end I found out that I couldn’t get the money. They will use tax money to press you, but all my money has been invested. Where does the money come from to pay the tax? I'm going to borrow an underground bank. Fortunately, I have to ask you guys before I know it's a scam
Freeze the account permanently because I did not pay tax or margin and they confiscate my principal and profit
Romance scam of SICH. They first ask to pay 15% tax on the grounds that the profit on the platform exceeds US$500,000 before withdrawing funds, and then it is necessary to pay off the tax within 7 working days, otherwise the account will be permanently frozen and no funds will be released. Then, the account is suspected of malicious transactions and it is necessary to pay a deposit of 100,000 US dollars margin to withdraw funds. They continue to ask for deposit without withdrawing funds for various reasons, and finall maliciously freeze the account permanently and confiscate the principal and income.
Platforms like these aren't worthy of our time and money
Nobody gave me a concrete response and they don't allow withdrawal saying i need to speak with the compliance department. I have spoken to every accessible department on the platform to ask what needed to be done with no solution to which the class action fintrack/ org aided gave in to the return of investment I had to repeatedly try to find solution by myself in order to get the slightest result.
SICH does not withdraw
After applying for a withdrawal of 2000 USD on the SICH platform on January 10, it was rejected by the customer service and was required to deposit 100,000 USD as a security deposit on the grounds that a third-party transfer (a friend borrowed 100,000 USD) was involved in a money laundering crime before the 2,000 USD could be withdrawn. If I cannot make deposit as platform required, the platform will automatically freeze the trading account on January 31 and cannot withdraw and operate. The SICH platform hastily decided to freeze the customer's trading account and withdraw operations when there is no wanted letter or judgment from the judicial authority where the customer is located. It has caused damage to SICH's goodwill and seriously affected the rights and interests of customers.
I will keep exposing SICH till they shut down
SICH is still out there doing what they know how to do best. This has to be the worst company ever. They are thieves , They will take all your money and stop responding to mails and calls. My account manager is a terrible person, and only if he is a real person. This company refused to give me my total sum of 100,000USD and stopped responding to my calls. immediately after my deposit i was locked out of my account had to use the services of AssetsClaimBack recovery serv to get my investment returned. I will keep posting about SICH for people to know bitter they are.
It's not seems like a fraud, it's a scam at all!
Withdrawal has to pay 20% tax and cannot be deducted from the account. The tax payment method must be paid within 10 minutes after they give it to you, and the withdrawal is refused. Now the customer service is gone and no email is answered.
i don't recommend SICH Capital
The easiest part of my experience with Sich Capital was depositing money on to the platform, not to mention how difficult and stressful it was trying to withdraw from it I had to call for withdrawal that came under a complainant fintrack/ org expressing my grievances towards Sich Capital because I signed up for a good trading experience instead i was welcomed to a terrible experience with this company.
XAUUSD jumped 2600 pips in a trade in a second
Hi, I have professional analyst I use to trade. We were in the middle of a trade with XAUUSD and in one second the market jumped 2600 pips. I lost all my money when this happened and am negative $1200 now. My financial analyst and I both know XAUUSD doesn't jump 2600 pips, this isn't possible. I lost over 7k from this. I know whoever else was using their platform also took major losses. They are trying to tell me this is my fault and very normal of the market to jump 2600 pips out of nowhere.
SICH's latest industry rating score is 1.43, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. SICH If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.