MSFX

MSFX · Company Summary

Official Website Unavailable

As of now, the website of MSFX (http://msuccessfx.com/) is not available. We can only find some fragmentary information on the Internet, and most of them are negative reviews.

General Information

MSFX claimed to be a forex and CFD broker based in New York, offering a number of trading instruments on the MetaTrader5 platform. And they also mentioned to be regulated in the UK by the local Financial Conduct Authority (FCA). Unfortunately that claim turned out not to be true, and as a whole there are a lot of question marks about this broker.

Fake MT5 Trading Platform

MSFX said to be offering the MetaTRader5 platform, but that also turned out not to be true. They just provide a link to the MetaQuotes Software website to download an unlicensed demo version. An unlicensed demo version of a trading platform spells doom for any trader. They are security risks as hackers find them easy targets for data theft. In most cases, these hackers will steal credit card information and identities.

Excessive Minimum Deposit

For any member to trade with MSFX, they must deposit a minimum of $1,000. What this broker is asking for is in excess of the required industry standards. Make sure to use brokers who use the set minimum deposit of $250. Some brokers will not even ask users to pay for opening an account.

Risk Warning

The number of the complaints received by WikiFX has reached 9 for this broker in the past 3 months. This broker has been verified to be illegal and all of its licenses have been expired. Also, it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk and the potential scam!