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Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
MOTONGFX
China|2-5 years| White label MT5|Regional Brokers|High potential risk|
https://www.motongfx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
1
Server Name
MotongfxLimited-Server MT5
Server Location 
Hong Kong
Hong KongContact
support@motongfx.com
https://www.motongfx.com/
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
MOTONGFX LIMITED
Company Abbreviation
MOTONGFX
Platform registered country and region
China
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2024-05-09
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
15 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Can not withdraw
They won't allow me to withdraw. They said I'm may involve with laundry money activity
2022-02-08 02:10
Scam
Unable to withdraw and allow additional transfers to withdraw money
Someone suggested trading with this broker. I have transferred money for the first time for 1 hundred thousand baht and have traded as soon as he got the bracelet. I thought to withdraw it, but can't withdraw It. It allows you to transfer money into an additional about 110000 baht to withdraw.
2022-03-30 04:11
Unable to Withdraw
I cant withdraw my money in MT5 by MOTONGFX Server
The broker has a promotion for new customers. That is, top up and get a bonus. when i got the bonus I want to withdraw money to use on my birthday can't withdraw Informed that need to add more money Cancel the promotion, you need to top up more. which the stated agreement of the promotion does not tell the customer to the withdrawal limit promotion cancellation Now my MT5 account funds 0 usd, I feel cheated, exploited, tempted to deposit more so I want my withdraw.
2022-02-26 20:39
Unable to Withdraw
Request to withdraw money, saying that you are suspected of money laundering, and you need to make additional deposits to prove yourself
Request to withdraw money, although the amount has been deducted from your account, but it will never arrive in the account. I contact customer service and they make excuse of time difference between the account and the platform, and then send a letter saying that you are suspected of money laundering and request an additional deposit of $18,000 within the time limit to prove that it is you account, otherwise your account will not be available, and you will never want to withdraw a cent of the tens of thousands of dollars you have deposited before. If you contact customer service again, you will always be in a busy state.
2022-02-10 06:24
Unable to Withdraw
Informed withdrawing money and told me to pay profit tax of 30%
Informed to withdraw money and can't withdraw, he said that I had to pay 30% tax first. Concluded that I was cheated.
2022-04-01 05:24
Unable to Withdraw
I was accused of money laundering and my account was locked from withdrawal
The customer service tells them that the required amount must be top-up. After filling up and withdrawal, I was accused of laundering, and the account was locked. I must top-up 5% of the balance in the system. If not do it in the specified period, I have to pay an additional 20%, making it impossible to withdraw.
2022-01-29 23:47
Unable to Withdraw
Can't withdraw money and require to add more money
I invested in foreign exchange with this broker on Mar. 3, 2022. I was advised to invest in this broker and withdraw. I had traded and withdrawn twice. I invest aagain after it is avaliable to withdraw, but I seem unable to withdraw after making a lot of profit. They claim that the security level of my account is low. I need to deposit first. After that, the account is able wo withdraw. Please help. My account has 377984.81 USDT, but I cannot withdraw a peeny. Please help me.
2022-04-21 23:58
Scam
Motongfx service didn't transfer money to Binance for me
I recently traded mt5 stocks through a broker. MOTONGFX limited server has agreed to use promotions for new players, deposit $12000 and get $1288 bonus, no deal at all. When I deposit, the service has transferred the bonus to me in mt5. On 19/2/2022, I would like to withdraw money on my birthday. There seems to be a long wait for funds to be withdrawn from the service. I didn't go to Binance, I asked the service department again, they said I couldn't withdraw the money, the money was 0usd, my money was gone, and the service department didn't answer? ? ? ? I can only answer that I need to add more money. Friends who want to cancel the discount need to recharge more than 3000usd to withdraw. I feel cheated. There are many withdrawal rules.
2022-02-28 23:03
Unable to Withdraw
Unable to withdraw
I am trading xauusdt through Motong on MT5. After a while, the platform cannot be logged in. I contact customer service and ask for withdrawal, but they never respond. I hope you can mediate for this problem. Thank you very much!
2022-02-04 00:19
Resolved
Unable to withdraw money
Notify me to withdraw money and tell me to close for maintenance, and must wait for 24 hours or 48 hours. Some rounds after withdrawing money, they tell me that you have made too much profit so you have to pay 30% tax before you can withdraw. The money is frozen by the broker now. I want to ask for help, I have to owe a lot of money.
2022-04-03 20:05
Unable to Withdraw
Lesson learnt from this failed scam
Even if you try trading short-term, which is extremely manipulative, you will find yourself to blame once you have entered the trade with Montongfx. A stop loss at of no where will be implemented if the asset reaches a specified distance from the target, whether or not it hits the stop loss price, and all long-term transactions are closed out if you are earning a big profit. i cyber networking with Assetsclaimback. com, which passed investment law policy, they held my money hostage until that happened be careful most of this invesiment platform are scam, their digital fingerprints will soon be exposed.
2022-09-04 00:10
Unable to Withdraw
Participated in the promotion activities and was accused of money laundering. You need to increase the deposit to verify your account before you can withdraw money.
After openning an account introduced by netizens and depositing, and completing the promotion activities, the withdrawal could not be made normally. After the withdrawal request was issued, I kept contacting the customer service staff for inquiries (URL: https://chatlink123.meiqia.cn/widget/standalone.html?eid=3688efeec4f24eb5de57c378409f6e21&language= en) After more than 20 hours, I still could not receive the funds, but I received an email from motongFx willam0079@crmt4.com. I was accused of money laundering. They will deduct 10% of account funds every day if I did not make a deposit of 18000 dollars to verify my account, (see attachment). The fraud platform clearly embezzled customer funds. Resulting in my direct financial losses as high as hundreds of thousands of dollars. Only here to warn other investors not to be fooled
2022-02-01 09:11
Unable to Withdraw
bad experience
look profile. look the photos It's a fradulent platform, all they want you t o do is put in more money, which at the end you get nothing, am a victim, they also.let b ots run trades for you without your consent just to manipulate your funds.
2022-09-04 13:51
Unable to Withdraw
Horrible Exprience/ Unable to withdraw
Motongfx are just very terrible set of experts who seem to be very good with their tricks. I observed some due diligence before investing with Motongfx but guess what ? I ended up getting burned. My concerns started when I tried withdrawing some money to purchase a tractor for my farm. I discovered I was not able to make any withdrawals.I sent several mails to their compliance lady but to no avail.
2022-03-07 03:28
15
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