Abstract:MSFX has been listed on WikiFX's Scam Brokers list. The platform operates as a Ponzi scheme.
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:
https://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
A foreign exchange (forex) investment scam that swindled more than 100 million ringgit from hundreds of investors has prompted the Malaysian International Humanitarian Organization (MHO) to take action.
In this review, we will examine this broker and why traders should carefully consider the risks involved before deciding to invest.
DEGIRO claims to be a popular online broker known for its competitive trading fees and a great range of investment options, including stocks, ETFs, bonds, and options. DEGIRO stands out for is its low-fee structure, often significantly cheaper than competitors, achieved by focusing on execution-only services. This, however, comes at the cost of less comprehensive research tools and educational resources compared to full-service brokers. While functional, DEGIRO's platform is considered less sophisticated, lacking advanced charting, in-depth research, and real-time news. Additionally, its customer service has been criticized for some withdrawal problems, as well as being slow to respond at times.
Webull teams up with Kalshi to integrate event contracts, offering new financial market tools. Learn how this impacts trading amid CFTC regulatory challenges.