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Suspicious Clone
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The WikiFX Score of this broker is reduced because of too many complaints!
MOKFX Global
United States|2-5 years| Suspicious Scope of Business|Suspicious Overrun|High potential risk|
https://myforexp2p.com/
Website
Rating Index
Contact
+1 562514 0053
https://myforexp2p.com/
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
Contact number
English
+1 562514 0053
English
+852 6464 5928
Broker Information
More
Company Name
MOKFX Global
Company Abbreviation
MOKFX Global
Platform registered country and region
United States
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
4
Previous Detection :
2024-04-26
- 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 24 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
28 pieces of exposure in total Pyramid scheme complaint
Expose Resolved
I can't withdraw
I was scammed and can't withdraw
2022-07-11 13:37
Unable to Withdraw
Cannot withdraw
I was told that I couldn't withdraw money even though I needed money. It's a scam that doesn't let me withdraw money after all because of the withdrawal requirement. I didn't write anything on the homepage.
2022-06-29 20:07
Unable to Withdraw
Unable to withdraw
The withdrawal was made on June 3rd. On June 4th, the company's customer service said that a deposit was required to process the withdrawal. After the deposit was paid on June 27th, the handling fee was paid. After paying the handling fee, the result still does not withdraw money, saying that the money must be paid after the profit tax is paid.
2022-07-02 23:13
Scam
Induce more and more fund by dating and trust
I met a man in online dating. First, I slowly built up trust and emotional foundation. Then, on the grounds of marriage funds, he said that his uncle was an expert in this field. He helped me make up for the rest. The first small withdrawal was received the next day, in exchange for trust in the platform. Later, several thousand US dollars were withdrawn after several days, and then the deposit was not given for various reasons. When I was about to withdraw funds a few days ago, I suddenly said that I was suspected of money laundering and asked to pay 20% of the third-party funds as the basis for review. Otherwise, my account would be frozen and I would not be able to withdraw funds or operate any more. Now I just want to get the funds I invested back... .
2022-08-25 22:07
Unable to Withdraw
Unable to withdraw money.
I can't withdraw money demanding to pay 60% of my amount.
2022-06-15 05:00
Unable to Withdraw
Unable to withdraw
Withdrawal requires to pay tax and requires to pay margin since there is a deposit from third-party. The transfer requires handling fee. The credit is insufficient and requires to pay. You will not be able to withdraw if you do not pay it. It is a fraud platform.
2022-07-26 20:41
Unable to Withdraw
Unable to withdraw
On the evening of June 24th, I applied for a withdrawal of 304,000 USD from the MOKFX Global platform. On the evening of June 27, I received a notification from the customer service that the amount of thewithdrawal exceeded 100,000 USD, and I needed to pay an additional 8% handling fee, which is 24,320 USD, otherwise no withdrawal will be given.
2022-06-28 17:25
Resolved
International romance scam
A Taiwanese woman living in Japan met me on LINE and told me that her uncle had FX technology and that if I imitated his uncle, I could win. MOKFX was recommended by her, and I opened an account according to her instructions. I trusted her because I made a profit by doing what she said. After that, she kept asking me to deposit more money into my account. If you make a profit, you don't need to make a deposit, right? In response to the question, the principal is needed to make a profit quickly. When I was just researching MOKFX, I found several cases of fraud. When I applied for a trial withdrawal, for some reason she immediately contacted me and told me to cancel the application. I found out that MOKFX and her are clearly connected, so when I asked customer support to withdraw money, they told me that my account would be frozen if I didn't pay the security deposit because it was a fraudulent operation. I just want my money back that I deposited into my account.
2022-07-31 10:15
Resolved
I can't withdraw
You can withdraw $ 500 the first time and not the second time. It is an exchange on the line. I was introduced by someone I met on the line.
2022-07-05 20:51
Unable to Withdraw
Since there is no answer, I am requesting again. At the very least, I would like a refund. Thank you
When it comes to transferring money to various accounts and withdrawing money, it's the United States! Taxes, security deposits, fees, and money transfer fraud. Please refund me because the platform is responsible. Not if you are fundraising. I would like a refund for the amount I paid.
2022-09-04 23:42
Unable to Withdraw
Deposit fraud
When I tried to withdraw profits, I was asked for a deposit due to the involvement of third party funds and made a transfer, but within 3 business days it was said that it was refunded but it was not, and I was suspected of insider trading and asked for a deposit. .. I was told that I should transfer the deposit to return the deposit involving a third party. This clearly seems to be a fraudulent technique.
2022-06-03 06:44
Unable to Withdraw
Unable to withdraw, the withdrawal was delayed, and I was told that I was queuing up to withdraw funds at JPMorgan MultiBank Bank, and the queue number was 7849.
I met a so-called Chinese-Japanese mixed-race woman through a dating app and it felt good to chat at first. Later, I was recommended to play foreign exchange to make money. I recommended this platform. When I made two withdrawals totaling more than 37,000 US dollars, the platform informed me I am involved in insider trading and the credit score drops to 80 and cannot withdraw. I have to pay 36660usd and increase it to 100 to withdraw. I asked the customer service if I did not pay any other fees after payment. The customer service gave a positive answer. After paying, they told me that I needed I paid an extension fee of $5,000. After paying the extension fee, the money will be sent to my bank account within 48 hours. After paying the extension fee immediately, it said that the withdrawal is from JPMorgan Chase Bank, and the withdrawal needs to be queued. The queue number was 7849 at the beginning. I checked a lot of information, but I haven’t heard of anyone queuing up to withdraw funds. I suspect that the woman from the dating software has partnered with the platform to defraud me. Please verify whether this platform is a legitimate platform and request to withdraw funds immediately. Up to now It's been a week and still no payment
2022-08-08 06:20
Unable to Withdraw
After the review, the money was not transferred to my account
The system shows that the audit has been passed for almost two weeks. The money has not yet arrived. The fraud platform induces customers to defraud customers and intimidate customers.
2022-08-24 09:10
Scam
Using women to induce customers to deposit money without withdrawing
On July 16, 2022, I started to borrow money from friends and deposited more than 6.6 million yen which is 50k USD. I started to operate foreign exchange transactions before and after the conversion of USD 50,000. I don't give any money, and I say this and then find various reasons to hack the platform.
2022-08-23 20:57
Resolved
Everyone stay away from the mokfx global platform and use various excuses to let you send money without withdrawing
I met a woman on a dating app and brought me into this platform. At the end of June, I was asked to pay 20% of my profit. When I saw my profit, I found an excuse to say that I was insider trading, and asked me to pay a fine of $36,660. It is said that more than 30,000 US dollars will be withdrawn, and there will be handling fees and even overdue fees. After making the customer pay a lot of money, they still say that the queue for withdrawals at JPMorgan MultiBank Bank in the United States was No. 7849 at first, and now more than 29 days have passed. , there are still 4217
2022-08-21 18:25
Unable to Withdraw
Platform Scam, Lots of Claims and Taking Money! Pretty vicious.
I started when I was approached to invest in FX on SNS. At first, I was told that I couldn't invest unless I started with a small amount and gradually increased the amount, so I increased my deposit and invested. The we. When the amount exceeds 75,000 USD and I requested a withdrawal of 50,000 USD, tax was charged, and since it was transferred to my deposit from two bank accounts, I was asked for a "suspected money laundering" deposit. If I have a question and pay a security deposit, will I be able to withdraw without fail? When I confirmed with customer service, "Yes. I will release it and withdraw the money.” After payment, the deposit amount in the account changed immediately when the security deposit did not increase in the account. This time, for a withdrawal of 50000 USD, a fee of 5000 USD will be charged! Getting ready for America! I said I could withdraw money, but I didn't ask because the amount was high, so I didn't answer. Customer service can confirm the number! I asked him to let me know if there were any other withdrawals, but he didn't. I think it was a platform-wide scam scenario to take your money. Currently, I have received an email saying that I will investigate and reply as soon as possible, but I have not received a response. Customer service has also lost LINE response. I have nothing but anxiety. Fraud platform.
2022-08-10 22:52
MOKFX Global · Company Summary
Note: Regrettably, the official website of MOKFX Global, namely https://myforexp2p.com/, is currently experiencing functionality issues. Consequently, it is proving to be quite a challenge to obtain specific and precise details about the broker from their own website. As a result, we have had to rely on existing online sources to offer a general overview of MOKFX Global and its activities.
| MOKFX Global Review Summary | |
| Founded | 2021 |
| Registered Country/Region | United States |
| Regulation | NFA (Suspicious clone) |
| Market Instruments | Forex pairs, commodities and financial contracts |
| Demo Account | Unavailable |
| Trading Platforms | MT4 |
| Leverage | 1:200 |
| Minimum Deposit | $100 |
| Customer Support | Phone: +1 562514 0053 and +852 6464 5928 |
What is MOKFX Global？
MOKFX Global is an international investment company based in United States that offers traders access to financial markets and a range of trading instruments. However, reports of the platform being inaccessible and difficulties with withdrawals have also been documented, raising concerns about the reliability of the trading platform.
In the forthcoming article, we will comprehensively assess and scrutinize the attributes of the broker from various angles, providing you with concise and well-organized insights. We urge you to read on if you are interested. Lastly, we will offer a concise summary of the broker's traits towards the end of the article for your convenience.
Pros & Cons
| Pros | Cons |
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Pros:
- MT4 support: MOKFX Global supports the popular trading platform MT4, which offers a wide range of features and tools for trading.
Cons:
- Unavailable website: The fact that the official website is inaccessible raises concerns about the reliability and transparency of MOKFX Global.
- Risk of clone NFA regulation: The claim of being regulated by the United States NFA is suspected to be a clone, potentially indicating fraudulent activity or lack of proper regulation.
- Limited communication channels: The broker's limited communication channels can make it difficult to reach customer support or address any concerns or issues.
Is MOKFX Global Safe or Scam？
There are suspicions regarding the authenticity of MOKFX Global's claim to be regulated by the United States NFA (license number: 0543998).
Moreover, the fact that their official website is inaccessible raises concerns about the reliability of their trading platform. These factors contribute to a higher level of risk associated with investing in MOKFX Global.
If you are considering investing with MOKFX Global, it is crucial to conduct thorough research and carefully evaluate the potential risks compared to the potential rewards before making any final decisions. In general, it is advisable to select brokers that are properly regulated to ensure the safety of your funds.
Market Instruments
MOKFX Global provides users with various trading instruments across different asset classes. These instruments include forex pairs, commodities, and financial contracts.
Forex pairs refer to the exchange of one currency for another, with MOKFX Global offering a wide range of currency pairs to trade, including major currency pairs, exotics, and crosses.
Commodities are physical or digital goods that can be traded, such as gold, silver, oil, and agricultural products.
Financial contracts are derivative products that allow users to speculate on the price movements of underlying assets, including indices, stocks, and cryptocurrencies.
Leverage
MOKFX Global offers a maximum leverage of 1:200 to its traders. Leverage refers to borrowed funds provided by a broker, allowing traders to control larger positions in the market with a smaller initial investment. It enables traders to potentially amplify their profits as smaller market movements can have a larger impact on their account balance. However, it is important to note that while high leverage can lead to higher returns, it also carries significant risks.
Using high leverage means that even small price fluctuations can result in substantial gains or losses. Therefore, it is crucial for traders to approach leverage with caution and carefully consider their risk tolerance and trading strategies. It is recommended that individuals assess their financial situation and trading experience before deciding on an appropriate leverage level.
Trading Platform
MOKFX Global provides traders with the widely used trading platform, MT4 (MetaTrader 4). MT4 is a robust and user-friendly platform that offers advanced charting tools, technical analysis indicators, and algorithmic trading capabilities. It is a popular choice among traders of all experience levels due to its flexibility and customizable interface. Traders can benefit from the platform's capabilities for automated trading through the use of Expert Advisors (EAs).
User Exposure on WikiFX
Please be aware that there have been reports on our website regarding issues such as difficulty with withdrawals, potential scams, and significant slippage. We strongly advise traders to thoroughly examine the available information and carefully consider the risks associated with trading on an unregulated platform. We encourage you to visit our platform to gather more information before making any trading decisions. If you have come across any fraudulent brokers or have personally experienced such instances, we kindly request that you notify us in the Exposure section. We greatly appreciate your cooperation, and our team of experts will make every effort to address and resolve any problems you may have encountered.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +1 562514 0053, +852 6464 5928
Conclusion
In conclusion, MOKFX Global is an investment company that offers online financial services for traders. While they claim to be authorized and regulated by NFA , there are suspicions that this claim is a clone or not legitimate. These factors contribute to a higher level of risk associated with investing with MOKFX Global. It is important for potential investors to conduct thorough research and carefully consider the potential risks before deciding to invest with this company. It is generally recommended to choose brokers that are well-regulated to ensure the safety of funds.
Frequently Asked Questions (FAQs)
| Q 1: | Is MOKFX Global regulated？ |
| A 1: | No. MOKFX Global is not regulated. |
| Q 2: | Does MOKFX Global offer demo accounts？ |
| A 2: | No. |
| Q 3: | What platform does MOKFX Global offer？ |
| A 3: | It supports MT4. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
User Reviews
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CommentsWrite a review
FX2343642952
more than one year
Where is the trader? Please help me from Forex Sky Eye
2022-12-29 18:34FX1102558214
more than one year
This is a disgusting platform, withholding the money in my account and not allowing me to withdraw money! When can I get my money back? ? I really need help!
2022-12-07 11:05ryu15500088
more than one year
This platform is a scam. You definitely won't get your money back. Use a trusted platform! A new site has been created since November, but it is created to escape responsibility. There are many descriptions of MOKFX. All the same group of scammers.
2022-12-02 22:30 28
