WikiFX Scam Alert: CONSOB Warns Against MondialFx!!!

Investors who are still trading forex at MondialFx had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

So let us start with the most important, the recent warning issued on October 3rd against MondialFx by CONSOB – the financial regulator in Italy. Take a look:

“Consob draws investors attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include, for websites that offer financial services, checking in advance that the operator with whom they are investing is authorized, and, for offers of financial products, that a prospectus has been published”, the warning by the Italian financial authorities reads.

WikiFX also paid a visit to the brokers official website to learn more. Here is what MondialFx has to say about who oversees it:

What is this HBMC and which market does it oversee？ We do not know, because there is no such regulator. It is common for scammers to even sometimes make up entire websites for their “regulatory bodies” that do not control any market.

Furthermore, MondialFx claims that it offers an advanced web-based trading platform – which WikiFX was not allowed to try since the broker would not let us trade before our account has been verified. And while all brokers will ask you to verify your account at some point, very few of them would ask that you do before you have even seen what sort of software you are being offered. Scammers will surely find some way to use the fact that your account has been verified against you at some point – they will claim that the losses that you have suffered were the result of your own bad decisions and not of their fraudulent schemes. Some might even attempt to steal your identity – so be careful who you provide with copies of your personal documentation.

Now let's search “MondialFx” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/1045672962.html), MondialFx currently has no valid regulatory license and the score is rather negative - only 1.01/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in MondialFx. The broker has found its way into the blacklist of the Italian regulatory body, which warns that MondialFx is running a scam.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!