Score
Scam Brokers5-10 years
Suspicious Regulatory License
High potential risk
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Comparison
Quantity 11
Exposure
Score
Regulatory Index0.00
Business Index7.20
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
M.SUCCESS INTERNATIONAL HOLDING
Company Abbreviation
MSFX
Platform registered country and region
United States
Company website
Company summary
Pyramid scheme complaint
Expose
The fund was locked.
The boss of this fraud platform has absconded. The withdrawal is unavailable since last year.
On April 12nd, MSFX released the notice, that it would delay the withdrawal since the covid-19 has affected the business in American and British span.
MSFX has become TTrade now. The upgrading since last December 25th is yet to finish. On march 20th, it added the lot, intending to cause forced liquidation, which was cut urgently. From April 1st, it claimed that the server needed upgrading, which would be done within 24 hours. But it is yet to finish, leading to huge amount of fund unavailable. Currently, the leader of the gang in Xiangyang, Hubei, named Xu Kai, is the chairman within the Chinese region. The person in the below pic, the so-called premier of the Business School, is the core figure of MSFX.
The trailing service is a scam.
MSFX gave no access to withdrawal. This kind of foreign exchange platform is informal. It’s a capital tray.
I have deposited 30 thousand RMB in total since last November. Then the platform noticed that system maintenance needs 3 months. Now the withdrawal is unavailable and let alone fund.
In September, I was induced to deposit $2000. MSFX ensured a feasible funding process and that the trading will be ceased if the loss exceeds 3% of the fund. In November, the platform transferred the first profit, 1160 yuan, to my mother through private account. After that, MSFX began to give no access to withdrawals with grinding excuses including covid-19 and system maintenance. They even blamed it on their new employed staff. I want to ask why you still transfer our fund in this situation? In this April, MSFX carried out a strategy to hoard clients’ fund, i.e., to transfer it to the AGF funding. Those whose balance less than $1000 need to make up it. One can know that it is just their excuses. When you eventually made losses, they would blamed it on the financial risk.
The platform, with all routines, prevents you from withdrawing fund.
The funding process was promised to be done in 3 workdays. But according to the latest notification, the process need one month!!!
MSFX has been listed on WikiFX's Scam Brokers list. The platform operates as a Ponzi scheme. Please be aware of the scam domains as follows:
http://msuccessfx.com/
Despite MSFX claims to be regulated by Financial Conduct Authority, its license is suspected to be a fake clone. It indicates that investing in this platform is seriously risky, as several warnings from regulatory bodies have emerged suggesting that the firm is operating without proper authorization.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are 11 pieces of MSFX exposure in total. I will introduce 2 of them.
Exposure 1. MSFX absconded
| Classification | Unable to withdraw |
| Date | 2020-09-01 |
| Post Country | Hong Kong, China |
The user said MSFX gave no access to withdrawal. You may visit: https://www.wikifx.com/en/comments/detail/202009016252678513.html
Exposure 2. Unable to withdraw
| Classification | Unable to withdraw |
| Date | 2020-07-02 |
| Post Country | Hong Kong, China |
The user said the withdrawal has been unavailable since last year and the boss of this fraud platform has absconded. You may visit: https://www.wikifx.com/en/comments/detail/202007022662763624.html
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