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MSFX
United States|5-10 years| http://msuccessfx.com/
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M.SUCCESS INTERNATIONAL HOLDING
MSFX
United States
Pyramid scheme complaint
Expose
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- 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.
- The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- The United KingdomFCA regulation (license number: 528328) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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MSFX · Company Summary
IS MSFX a Scam？
- Scam Brokers List
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:
http://msuccessfx.com/
- Regulatory Concerns
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.
- Scam Exposure
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
Review 11
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