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LOANFX -

Score

1.58 /10
Danger

LOANFX

New Zealand

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

http://www.loanfxasia.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.52

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

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

The Loan Company Ltd

Company Abbreviation

LOANFX

Platform registered country and region

New Zealand

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 : 2024-11-16
  • 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.

LOANFX’s Office is in the University of Auckland

The investigators, based on the result of the field trip, confirmed that LOANFX’s real address failed to match with the one in its regulatory information. Its financial service provider license(license number: 162824) issued by Financial Service Providers Register has been canceled.

Danger New Zealand

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Your Loan Amount $ 15,236/-Has Been Credited in

loan of Surachai Buajaroen I haven't logged into my account yet. Wallet account. 006-77044202-0277 Surachai Buajaroen

BUAJAROEN 16
2023-08-24 01:08
Unable to Withdraw

LOANFX’s client system can't be logged in and the money can't be withdrawn with the customer service personnel out of touch

LOANFX’s client system can't be logged in, and the money was prevented to being withdrawn with the excuse of the payment channel problem. The customer service personnel are out of touch.

FX1139539008
2018-11-01 18:45
Scam

Unable To Withdraw

I saw an ads on my facebook talking about this loan, I Decided to try it, I got to the site and I downloaded their app, afer that I registered and I deposited 400+ into The wallet then I later transfered 500+, it showed me commission everyday but getting to when I wanted to withdraw, I was unable to withdraw, it kept telling me my bank card Is not accepted that I should try a different one, I did and the result was still that same error message. so I lost my money

Precious Marcus27292
2021-09-07 00:57

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