Abstract:MS claims to be regulated by the Australia Securities & Investment Commission and holds an Investment Advisory License. But this license is suspected to be a fake clone.
MS 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: https://www.mforex.com
MS claims to be regulated by the Australia Securities & Investment Commission and holds an Investment Advisory License. But this license is suspected to be a fake clone.
This means that MS is not validly regulated by any authority to provide financial services. Therefore, investors' funds in this company are unsafe.
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 were 2 pieces of Cooper Markets exposure in total. I will introduce all of them.
Exposure 1. Withdrawal Issue
Classification | Unable to Withdraw |
Date | 2023-03-27 |
Post Country | Ecuador |
The user invested in MS that initially paid her returns but ultimately faced issues during a withdrawal process. Eventually, it resulted in a failed attempt to access her funds. You may visit: https://www.wikifx.com/en/comments/detail/202303263322560505.html
Exposure 2. Withdrawal Issue
Classification | Unable to Withdraw |
Date | 2018-7-25 |
Post Country | Hong Kong, China |
The user requested a withdrawal in October 2017 and was told it would be processed by April, but he has yet to receive the funds. You may visit: https://www.wikifx.com/en/comments/detail/208076093025809.html
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ASIC mandates immediate cessation of margin discounts by CFD brokers in Australia, emphasizing compliance with CFD PIO regulations to protect retail clients.