Ikhtisar:Recently, WikiFX has received real-name report about MMIG for they shut down investor’s account arbitrarily and customer service was out of contact, causing withdrawal unavailable.
Platform closed investor' s account arbitrarily.Investor cannot withdraw money from account.Platform customer service is out of contact.Beware of the platform with overrun business.
Recently, WikiFX has received real-name report about MMIG for they shut down investor' s account arbitrarily and customer service was out of contact, causing withdrawal unavailable.
Mr. Jiang lodged a real name complaint against MMIG by presenting his ID card.
Case review
Mr. Jiang shared his terrible experience with WikiFX
As per Mr. Jiang' s said, he opened an account and deposited money to MMIG recommended in a stock lecture last May, and kept on losing money in trading. However, on March 1st, he couldn' t access his account, thus couldn' t withdraw money. Mr. Jiang contacted the platform manager, who didn' t replay anymore.
WikiFX's investigations
Mr. Jiang deposited $20,000 USD in the account of MMIG and kept on making loss in trade. But, He found his account was shut down this March.
Screenshot of login failure
However, there still has money in Mr. Jiang' s account, which cannot be withdrawn for MMIG closed his account.
Screenshot of Mr. Jiang' s account balance
Mr. Jiang contacted platform manager, who didn' t reply any longer from the end of last year. Mr. Jiang cannot get his money back till now.
Platform manager out of contact
About MMIG
Screenshot of MMIG' s regulatory information from WikiFX App
MMIG holds ASIC(AUS)' s license for investment consulting service only. Without the authority of Forex brokerage, it operates in overrun business in China, and has considerable risk.
Screenshot of MMIG' s risk from WikiFX App
Per risk evaluation from WikiFX App, MMIG has seven risk warnings. So WikiFX reminds investors to be alert to it to avoid further loss incurred.
Screenshot of MT4/5 identification from WikiFX App
Per the investigation on WikiFX App, MMIG uses white-label MT4/5 trading software with servers set up in USA and Switzerland respectively. The investment costs of white-label Forex brokers are relatively low, and the broker has higher risk.
Screenshot of network diagram of MMIG from WikiFX App
Per network diagram, MMIG has relation with 12 white-label brokers - Onew, Zenith, frmarkets, KOV, STARFINTEX, RL, OZ, ZMSFX, SINKSFX, EternalFX, SYMFX and Best Hot respectively, 3 related companies - OZ, SINKSFX and HKJOJO, and two fake or cloned companies - OZ and SINKSFX.
In addition, WikiFX has received many complaints against MMIG recently. Investors are strongly advised to stay alert to it to avoid further loss.
Screenshot of MMIG interface from WikiFX App
Conclusion
With rating 2.77 only, MMIG operates in overrun business in China and uses white-label MT4/5 trading software, which indicates that the broker has considerable risks. Moreover, it is illegal to suspend investor' s account arbitrarily and refuse withdrawal request, with the platform manager out of contact. WikiFX reminds investors to check broker' s information by WikiFX App to ensure the safety of your investment. Do not easily trust the platforms recommended by others before investment.
Disclaimer:
Pandangan dalam artikel ini hanya mewakili pandangan pribadi penulis dan bukan merupakan saran investasi untuk platform ini. Platform ini tidak menjamin keakuratan, kelengkapan dan ketepatan waktu informasi artikel, juga tidak bertanggung jawab atas kerugian yang disebabkan oleh penggunaan atau kepercayaan informasi artikel.
OSIRIS FOREX
TVR
FOREX.com
Octa
Eightcap
Vantage
OSIRIS FOREX
TVR
FOREX.com
Octa
Eightcap
Vantage
OSIRIS FOREX
TVR
FOREX.com
Octa
Eightcap
Vantage
OSIRIS FOREX
TVR
FOREX.com
Octa
Eightcap
Vantage