MFX Broker Review 2024

MFX Broker Review 2024

Updated:
Updated: October 06, 2023

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of MFX Broker Trading Company

“MFX Broker” - is the part of “MFX Group” financial holding. Nowadays, “MFX Broker” provides traders with the trading systems and popular services to trade in the financial markets. More than 300 thousand traders from the different world’s countries have already become clients of “MFX Broker”.

User Satisfaction i

5 comments
Total score:
2 /10

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sigitjokdja
2 years ago

I invested $ 11,000 in MFX broker in 2017. I thought I'd get a good profit. But I couldn't eat my money. In May 2017, my withdrawal requests were rejected three times and I was required to go through verification. Then the technical support service stopped responding to my requests altogether. A month later, the site mfxbroker.com stopped working altogether.

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kashyapa
3 years ago

MFX broker has never been a forex broker. It is a pyramid scheme that has made several crooks rich. And a lot of people have lost all their money here.

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RoshanJiffry
3 years ago

I started investing in the investment program of the MFX broker since September 2015. But already since July 2017, they refused to approve my conclusion, despite the fact that I tried to contact their support more than three times, but without a response. I called all the phone numbers provided. on their website and also no one picks a call. I lost $ 5,000 at MFX broker.

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dilshan1
3 years ago

Fraudsters stole from 1.5 to 2.5 million dollars from people. The founders of the MFX Broker project, Igor Volkov and Margarita Zhiznevskaya, were put on the international wanted list by the Georgian authorities. But the scammers have not been caught yet.

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Nathasha
3 years ago

I opened a trading account with MFX Broker and traded there for almost a year. Once I was withdrawn money in the amount of $ 100. And the account still had $ 3,750. But when I decided to withdraw money again, my trading account was blocked. And then the MFX Broker company disappeared altogether and the site was closed.

Contacts

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Why has MFX Broker been placed on the Traders Union Blacklist?

If you found MFX Broker on the Traders Union Blacklist, it means that the company does not fulfil its obligations to the clients or has already turned into a scam. The most popular reason is that the broker does not process withdrawals or the broker’s website is no longer operational.

I have an account with MFX Broker. What should I do if it gets blacklisted by Traders Union?

Find out the reasons from TU Support Service, and then try to gradually withdraw your money.

MFX Broker does not process withdrawals. What should I do?

• Get the broker to specify the reason for refusal to process withdrawals.
• File a complaint with the regulator. Submit a chargeback request, if possible.
• Contact TU’s legal service for advice. It could be possible to settle the issue.

How can I determine if MFX Broker is unreliable?

Here are several options:
• Check if the brokerage company has been placed on blacklists.
• Check if the broker holds a license on the website of the regulatory authority.
• Check how promptly the Support Service responds. If the responses are also or none, or not to the point, then there is a problem.
• Deposit the minimum possible amount, execute 1-2 quick trades and try to withdraw money. If the broker is a scam, its support service will try to persuade you not to withdraw money by any means.

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62% of retail investor accounts lose money when trading CFDs with this provider.