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The WikiFX Score of this broker is reduced because of too many complaints!
ITGFX
Australia|2-5 years| Regulated in Australia|Suspicious Regulatory License|MT5 Full License|Regional Brokers|Australia Appointed Representative(AR) Revoked|High potential risk|
http://www.itfx-group.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
1
Server Name
ITFXGroup-Sun MT5
Server Location 
Japan
JapanContact
http://www.itfx-group.com
Plaza Buliding 4 87-95 Pitt St, 2000 Sydney NSW Australia
The WikiFX Score of this broker is reduced because of too many complaints!
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
Investment Technology FX Group
Company Abbreviation
ITGFX
Platform registered country and region
Australia
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
This platform is a Ponzi Scheme. Please stay away!
4
Previous Detection :
2024-04-24
- 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.
WikiFX Verification
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Exposure
123 pieces of exposure in total Pyramid scheme complaint
Expose Scam
Unable to withdraw
Please help me to get my 434800 RMB back! Thank you!
2022-08-29 19:43
Unable to Withdraw
Unable to withdraw
ITGFX said that it was attacked by hackers, and it has not solved the problem until now, hoping to recover the principal!
2022-08-15 21:02
Scam
ITG absocnd
Recommended by relatives and friends, I made a deposit of 60,000 US dollars. As a result, I ran away in July 2022. So far, there is no news. I hope that the public security department can cooperate with the platform to find out the company ITG, bring it to justice, and get back the principal without asking , I hope that the bad guys can be brought to justice and stop harming others.
2023-02-26 00:28
Unable to Withdraw
ITGFX company is unable to withdraw and has fraud behaviour
Unable to withdraw funds normally since April, the platform says that it was attacked by hackers, and need to repair data. In order to continue to deceive investors, it set up a account and said that the company invested 5 million US dollars to save the market. Said that the promise was fulfilled on August 26 and promised to give the principal of all investments. If we continue to cooperate and wait for the data to be repaired, we will divide the profit of each investor's account. Now it is approaching day by day. This kind of scum just pollutes the environment
2022-08-25 18:25
Unable to Withdraw
Unable to withdraw
Unable to withdraw, guiding operation, shirks from their responsibility
2022-09-05 19:13
Unable to Withdraw
Please help the platform to withdraw.
Also ask the platform to help to withdraw. I just traded for a few months, and they won't allow withdrawal. The platform crashed overnight. Hope the platform can help
2022-08-29 15:11
Unable to Withdraw
Displeased with this broker's manipulation, had to take out my investment
I was very happy joining this platform in the beginning but no one told me I would have to wait 60-120 days to withdraw money from my account and within that period, the pressure to invest more money was higher than usual of which I was still denied withdrawal had to involve fintrack. org got every deposit back It was becoming frustrating to keep messaging the broker without getting any actual response from them
2022-08-19 14:33
Others
The company ran away with the money under the pretext of being attacked by hackers. They never fufil their promise of solving the problem. I wish this platform can help us retrieve our losses.
Dear leaders, I opened an account in in November 2019. The rating ranged from around 1 to over 7 later, and the legal aid was upgraded from C level to A level, so we have never doubted the company. The team made 1.8 million US dollars, but in the early morning of July 20th, the account balance was found to be negative. The company said that it was hacked. Almost a month has passed, but no one from the company explain it to us. We can't contact the company's leaders. Now We can only entrust you to recover our losses and safeguard our legitimate rights and interests, thank you very much.
2022-08-19 15:20
Resolved
The platform has run away
Unable to withdraw, the platform is running away now, and the situation is unknown
2022-09-05 09:53
Unable to Withdraw
Requested the Wiki platform to recover all the loans, which are now unable to repay
The photos below are proof, I have been unable to withdraw the money, and told us that we can withdraw cash on September 1st, and later told us that the position was liquidated, and also lied to others that it was a hacker attack. There is no evidence to prove that it was a hacker attack, and the company called the police. span
2022-08-27 08:54
Unable to Withdraw
Unable to withdraw and already abscond
ITGFX has not been able to withdraw funds since I deposit on March 7th, everything is a scam. On March 25, I went to the studio to ask for money, but the head of Changsha, Chen Xiaohong and Liu Aiwen, never returned the money. After fooling me for a few months, now Chen Xiaohong and Liu Aiwen have run away. ITGFX is just a Ponzi scheme that harms the common people and defrauds my hard-earned money. Please punish them with the law!
2022-08-19 22:03
Unable to Withdraw
Unable to withdraw. Itgfx is a fraud foreign exchange platform for fake transactions! ! !
In the early morning of 7.20, it was found that the data of all investors on the Itg platform became negative overnight. Hacking for this lousy reason! After the accident, he made a big cake for the deceived investors to delay time, and even threatened to cut off the relationship with anyone who called the police! Before the accident, these "backbone" excellent brokers often lobby for brainwashing on WeChat and online conferences, offline studios and various asset allocation meetings, swearing that the company is reliable and the income is stable! After the accident, they shrank their heads and tortoises one by one, blocked and deleted everyone's WeChat, and made it clear that they were liars! The backbone of the liar can defraud 300,000 to 400,000 yuan a month, buy houses one by one, change luxury cars again and again, and shamelessly pretend to be victims to report to the police! How many people have been indebted by these liars, making life difficult to sustain! There are many victims across the country, including Zhuhai, Zhongshan, Shenzhen in Guangdong, Hunan, Hubei, Henan, Shanghai, Jiangxi, Jiangsu and other places. The amount of money defrauded is huge, totaling billions of RMB. [d83d][de21][d83d][de21][d83d][de21] And these rampant liars opened a new disk starting with V as early as around April this year and continued to deceive people!
2022-08-26 18:12
Scam
ITGFX is absconded
ITGFX is absconded. They deceived a lot of money and the victims are now in trouble
2022-10-27 20:49
Scam
Pay back my hard-earned money!
500,000 RMB of my money was cheated by them, plus money from my family brought the money cheated by them to around 700,000 to 800,000RMB. The platform has closed down since 20th July. They made up all kinds of tricks trying to persuade us not to call the police. Now we don't know who we should turn to and how we going to survive this.
2022-10-01 23:37
Scam
The scammer, Jason Fang, from ITGFX specializes in cheating Chinese
The scammer, Jason Fang, from ITGFX specializes in cheating Chinese. Changsha studio Chen Xiaohong and Liu Aiwen used my bank card to charge me 810,000 yuan and put it in my pocket. After I found out that I was cheated, I went to the studio to ask for money. They procrastinated and made various excuses. After the swindler's goal was achieved, they ran away. ! Now that the police have been reported, let the law punish the two liars!
2022-08-21 12:28
Unable to Withdraw
Unable to withdraw. Itgfx is a fake foreign exchange and fraud platform for false transactions, it is a ponzi shceme!
In the early morning of 7.20, it was found that the data of all investors on the Itg platform became negative overnight. It was said a hack! After the accident, he made a big cake for the deceived investors to delay time, and even threatened to cut off the relationship with anyone who called the police! Before the accident, these "backbone" excellent brokers often lobby for brainwashing on WeChat and online conferences, offline studios and various asset allocation meetings, swearing that the company is reliable and the income is stable! After the accident, they shrank their heads and tortoises one by one, blocked and deleted everyone's WeChat, and made it clear that they were liars! The backbone of the liar can defraud 300,000 to 400,000 yuan a month, buy houses one by one, change luxury cars again and again, and shamelessly pretend to be victims to report to the police! How many people have been indebted by these liars, making life difficult to sustain! There are many victims across the country, including Zhuhai, Zhongshan, Shenzhen in Guangdong, Hunan, Hubei, Henan, Shanghai, Jiangxi, Jiangsu and other places. The amount of money defrauded is huge, totaling billions of RMB. [d83d][de21][d83d][de21][d83d][de21] And these rampant liars opened a new disk starting with V as early as around April this year and continued to deceive people! [d83d][de4f][d83d][de4f][d83d][de4f] would like to call the shots for our victims! At the same time, I also hope that everyone will actively follow up with the police, never give up, bring these liars to justice as soon as possible, and recover the hard-earned money of our victims!
2022-08-26 21:41
ITGFX · Company Summary
Risk Warning: This broker has been verified to be illegal and all of its licenses have been expired. Besides, this broker has been listed in the WikiFXs scam broker list. Please be aware of the risk.
General Information
Registered in Australia, ITGFX presents itself as an online forex broker providing forex trading-related services. As this forex brokers official website cannot be opened for now, we could not obtain more essential details about this trading instruments, leverage, spreads, commission, minimum deposit and more.
ITGFX has been verified to be illegal and is a Ponzi Scheme, 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.
Market Instruments
As ITGFX presents itself as a forex broker, we assume that this broker at least providing trading on forex pairs. The availability of other trading instruments are not disclosed.
Leverage
Trading leverage cannot be found anywhere. Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
ITGFX provides access to the industry-leading MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as a robust charting package.
Customer Support
Worryingly, ITGFX left its clients no contact information for clients to get in touch with them, which can be served as further evidence that this broker is an unreliable one to trade with.
Negative Reviews
Quite a few traders shared their awful trading experience, saying this platform is a fraud one purely targeting for defrauding innocent investors. Come to the WikiFX to see the whole story and be aware of the potential risk.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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