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http://msuccessfx.com/
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Single Core
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40G
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M.SUCCESS INTERNATIONAL HOLDING
MSFX
United States
Pyramid scheme complaint
Expose
The fund was locked.
The boss of this fraud platform has absconded. The withdrawal is unavailable since last year.
On April 12nd, MSFX released the notice, that it would delay the withdrawal since the covid-19 has affected the business in American and British span.
MSFX has become TTrade now. The upgrading since last December 25th is yet to finish. On march 20th, it added the lot, intending to cause forced liquidation, which was cut urgently. From April 1st, it claimed that the server needed upgrading, which would be done within 24 hours. But it is yet to finish, leading to huge amount of fund unavailable. Currently, the leader of the gang in Xiangyang, Hubei, named Xu Kai, is the chairman within the Chinese region. The person in the below pic, the so-called premier of the Business School, is the core figure of MSFX.
The trailing service is a scam.
MSFX gave no access to withdrawal. This kind of foreign exchange platform is informal. It’s a capital tray.
I have deposited 30 thousand RMB in total since last November. Then the platform noticed that system maintenance needs 3 months. Now the withdrawal is unavailable and let alone fund.
In September, I was induced to deposit $2000. MSFX ensured a feasible funding process and that the trading will be ceased if the loss exceeds 3% of the fund. In November, the platform transferred the first profit, 1160 yuan, to my mother through private account. After that, MSFX began to give no access to withdrawals with grinding excuses including covid-19 and system maintenance. They even blamed it on their new employed staff. I want to ask why you still transfer our fund in this situation? In this April, MSFX carried out a strategy to hoard clients’ fund, i.e., to transfer it to the AGF funding. Those whose balance less than $1000 need to make up it. One can know that it is just their excuses. When you eventually made losses, they would blamed it on the financial risk.
The platform, with all routines, prevents you from withdrawing fund.
The funding process was promised to be done in 3 workdays. But according to the latest notification, the process need one month!!!
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!
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