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FintechFX -

Score

1.57 /10
Danger

FintechFX

United States

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Investment Advisory License Revoked

Suspicious Overrun

High potential risk

https://fintechfx.com/

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.44

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
FintechFX

Broker Information

More

Company Name

My Group Fintech Co Pty Ltd

Company Abbreviation

FintechFX

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-12-23
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

MIA fakes orders

It colludes with FintechFX, changing clients’ order data to lead their positions liquidated. All my accounts suffered great loss overnight.

XIANGXIANG
2019-06-09 03:03
Scam

Malicious frauds led to an overnight forced liquidations without profits

Feng Dijia colluded with the trader , who caused a forced liquidation in my account with maliciously purposes. I lost everything. Be aware of the risk.

FU@RONG
2019-06-06 18:33
Unable to Withdraw

Position liquidated overnight! Lost every penny!

FintechFX’s people logged in my account and made all my $20000 position liquidated by setting no stop loss order. Those were my hard-earned money. Many people I knew lost every penny on this platform.

LIUHUI
2019-06-05 00:25
Scam

The platform colluded with MIA, defrauding money

It promised my deposit would be kept safely, but it was all lost overnight. It obviously collided with MIA. No stop loss, the principal is not guaranteed, which caused a forced liquidation in my account.

XIANGXIANG
2019-06-04 23:30
FintechFX · Company summary
FintechFX Review Summary
Founded2013-05-05
Registered Country/RegionUnited States
RegulationRevoked
Market InstrumentsForex/Commodities
Demo Account❌
LeverageUp to 1:100
SpreadNot mentioned
Trading PlatformMT4(Windows/Mac)
Min DepositNot mentioned
Customer SupportSocial Media: Facebook,Instragram, Twitter

FintechFX Information

FintechFX is a financial platform. The tradable instruments with a maximum leverage of 1:100 include forex and commodities. FintechFX provides standard and ultimate ECN accounts with unspecific fee information. FintechFX is risky due to its Revoked status and bad reviews.

FintechFX Information

Pros and Cons

Pros Cons
MT4 availableRevoked
Leverage up to 1:100Inaccessible office website
No fee information
Negative feedback

Is FintechFX Legit?

ASIC regulatesFintechFX but the status is revoked, which makes it less safe than regulated brokers.

Is FintechFX Legit?
Is FintechFX Legit?

What Can I Trade on FintechFX?

Traders can choose different investment directions because the broker provides forex and commodities.

Tradable Instruments Supported
Forex✔
Commodities✔
Stocks❌
Cryptocurrencies❌
Precious Metals❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on FintechFX?

Account Type

FintechFX provides standard and ultimate ECN accounts with swap free accounts.

Account Type StandardUltimate ECN
Leverage1:1001:100
Trading instrumentForex/CommoditiesForex/Commodities
Commission00
Margin Call/Stop Out100%/50%200%/100%
Swap Free AccountAvailableAvailable
Account Type

FintechFX Fees

The commission is free and swap starts from 0.

Leverage

The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.

Trading Platform

FintechFX has an authoritative MT4 trading platform for Windows and Mac. Junior traders prefer MT4 over MT5.

Trading PlatformSupported Available Devices
MT4✔Windows/Mac
Trading Platform

Customer Support Options

Traders can follow FintechFX via Facebook, Instragram, and Twitter.

Contact Options Details
Social Media Facebook, Instragram, Twitter
Supported Language English
Website Language English
Physical Address Not mentioned
Customer Support Options

User Reviews

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User comment

4

Comments

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郭长河
more than one year
OFFSHORE COMPANY. THEY DO NOT RESPECT YOUR TIME OR YOUR INVESTMENT AND THEY DO NOT RESPECT REGULATIONS. THIS IS WHY THEY ARE AN OFFSHORE COMPANY. THEY ARE ALSO ILLEGAL, STAY AWAY!
OFFSHORE COMPANY. THEY DO NOT RESPECT YOUR TIME OR YOUR INVESTMENT AND THEY DO NOT RESPECT REGULATIONS. THIS IS WHY THEY ARE AN OFFSHORE COMPANY. THEY ARE ALSO ILLEGAL, STAY AWAY!
Translate to English
2023-02-21 13:54
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番茄就是西红柿
more than one year
¡Nunca operes con fintechfx! Lamento por qué no conocía wikifx, una plataforma en la que se puede verificar rápidamente la seguridad de los forex brokers. Ahora su sitio web no se puede abrir, ¡deben haberse escapado!
¡Nunca operes con fintechfx! Lamento por qué no conocía wikifx, una plataforma en la que se puede verificar rápidamente la seguridad de los forex brokers. Ahora su sitio web no se puede abrir, ¡deben haberse escapado!
Translate to English
2022-11-30 14:52
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4