Score

1.58 /10
Danger

MFIMFX

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.55

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

M Family Investment Management Limited

Company Abbreviation

MFIMFX

Platform registered country and region

New Zealand

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The New ZealandFSPR regulation (license number: 562326) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
MFIMFX · Company summary

Note: MFIMFX's official website: http://www.mfimfx.com/ is currently inaccessible normally.

MFIMFX Information

MFIMFX is a brokerage company registered in New Zealand. The broker's official website has been closed, so traders cannot obtain more security information.

Is MFIMFX Legit?

Is MFIMFX Legit?
Financial Service Providers Register(FSPR)
Current StatusSuspicious Clone
Regulated by New Zealand
License TypeFinancial Service Corporate
License No.562326
Licensed InstitutionMFI MANAGEMENT LIMITED

MFIMFX is authorized and regulated by the Financial Service Providers Register(FSPR), the current status is Suspicious Clone, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with MFIMFX.

Is MFIMFX Legit?

Downsides of MFIMFX

  • Unavailable Website

MFIMFX's official website is currently inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since MFIMFX does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

The FSPR regulates MFIMFX. However, the Suspicious Clone status is less safe than a regulated one.

  • Withdrawal Difficulty

According to a report on WikiFX, a user encountered cold treatment of issues. The issue remained unresolved despite the request being pending for a long time.

Negative MFIMFX Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders must 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.

Negative MFIMFX Reviews on WikiFX

As of now, there was only one piece of MFIMFX exposure in total.

Exposure. Cold-Shoulder

ClassificationCold-Shoulder
Date2018-04-24
Post CountryHong Kong, China

You may visit: https://www.wikifx.com/en/comments/detail/208047974223934.html.

Conclusion

MFIMFX Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Suspicious Clone status indicates that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

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User comment

1

Comments

Write a review

zhanzhihao
more than one year
MFIMFX has been a letdown. Server issues causing forced liquidations were poorly addressed, with prolonged delays in resolution and inadequate compensation, leaving me dissatisfied and questioning the platform's reliability.
MFIMFX has been a letdown. Server issues causing forced liquidations were poorly addressed, with prolonged delays in resolution and inadequate compensation, leaving me dissatisfied and questioning the platform's reliability.
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2023-12-20 18:32
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