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MCFX -

Score

1.52 /10
Danger

MCFX

United Kingdom

5-10 years

Suspicious Regulatory License

High potential risk

http://www.mcfxgroup.com/en

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Comparison

Quantity 34

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.07

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

More

Company Name

MCFX

Company Abbreviation

MCFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-30
  • 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 31 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

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

Fraud platform

Can't witdhraw since October. Abscond with mkoney.

2020-11-21 19:25
Unable to Withdraw

Unable to withdraw. Pending

The account has been managed by others all along and can't withdraw. It obviously absconded. We are going to call the police.

2020-11-16 00:28
Scam

Scammer

Mcfx，actis and leadmax belonged to a group of scammers including Zhang Tao and Liujun. Many investors in Hangzhou, Hefei and Liuan have reported their scams. Please punish them.

2021-07-30 10:47
Unable to Withdraw

MCFX is a Ponzi scheme set up by Chinese. Unable to withdraw

MCFX claims to be a domestic brokerage company introduced by President Ma. It has a very powerful technical team to help us make orders. We can see that real transactions are actually made. But in fact, they have already absconded and cannot withdraw funds.

2021-02-03 19:32
Unable to Withdraw

Unable to withdraw

Can’t withdraw since October. Cheat lots of people. Please stay alert guys.

2020-11-24 00:43
Others

False escrow documentary platform

Self-directed and self-acted by the platform, the false propaganda, fraudulent transactions, unsupervised fraudulent platform.

2023-03-30 21:22
Unable to Withdraw

The broker absconded. Have to protect my own rights

mcfx，actis，leadmax are founded by Tao Zhang and Jun Liu. This is a fraud group. Now many victims from Hangzhou, Hefei, Luan and so on have filed the case. Hope the relevant department can investigate it strictly.

2021-03-17 12:25
Scam

Scam

SCEID, Actis Trading, mcfx and leadmax belong to the same fraud group. They advertised and induced us to deposit funds in October with knowing the fact that we can't witdhraw funds. At first, they prevent us from calling the police at first. And then they absconded.

2021-01-04 22:27
Unable to Withdraw

Unable to withdraw. Please help me

Plase help recover my hard-earned money. I can't withdraw funds since October 27

2020-12-20 22:49
Scam

Scam

At first, they explained the problem of unable to withdraw was caused by docking the platform. Now, they disappeared so you can’t even find them.

2020-11-17 19:00
Scam

Fraud platform

I deposited on October 22 with my friend’s recommendation. I can’ withdraw since October 26. There has been no update for many days. It’s going to abscond. Hope to expose this fraud platform in case of more people being cheated.

2020-11-17 23:50
Scam

Scam

mcfx, actis, and leadmax are all three fraud groups such as Zhang Tao, Liu Jun and others who have started and registered Yueying Company to start fraud. Now victims in Hangzhou, Hefei, Lu'an and other places have reported the case. Just like Puton to return the victim a justice

2021-04-18 17:04
Unable to Withdraw

The broker absconded and unable to withdraw

Tao Zhang absconded. Unable to withdraw since October 2020. There is 600,000 yuan in my account!

2021-03-16 22:04
Unable to Withdraw

Unable to withdraw. Ask me to wait

Delay my withdrawals and don't allow me to call the police. Over a hundred people are scammed. Lose all my money. Please pay attention to this thing.

2020-11-15 22:19
Unable to Withdraw

Unable to withdraw

Can't withdraw on grounds of docking platform. We are asked to wait. They promised that the withdrawals can be transferred to our bank account withhin 24 hours. The backstage supporter can be opened but it's no use to apply for withdrawal.

2020-11-16 07:51
Unable to Withdraw

unregulated fees

I was told that two rounds of my data were wrong, and the results were not the same as theirs. And that I had to cover the position again. So I did, by investing additional 57,550 yuan to my initial deposit of 120,000 yuan. After a number of successful trades, I wanted to withdraw and found that my account had been frozen, I contacted the customer service as well as the police but it was my report to financialrecovery.tech that got me a refund. Customer service said that my credit score wasn’t enough, I needed to buy credit points to recharge, a credit point of 4,000 yuan a point, buy 30 points, a charge of 120,000 yuan, I knew at this point that I was deceived, so I went and filed a report.

2021-03-21 17:26
    MCFX · Company summary
    MCFXBasic Information
    Founded in5-10 years ago
    Registered inUnited Kingdom
    RegulationNot regulated
    Tradable AssetsUnknown
    Trading PlatformMT4
    Customer SupportPhone: +44 207 399 7708Email: cs@mcfxgroup.com

    About MCFX

    MCFX is an online forex broker based in the United Kingdom with 5-10 years of operational history. The broker offers trading services through the widely-used MetaTrader 4 (MT4) platform, providing both demo and live trading environments.

    About MCFX

    Regulation: Is MCFX legit？

    In terms of regulatory status, MCFX currently operates without oversight from recognized financial authorities, which is a significant factor for potential clients to consider. This lack of regulation may impact the level of protection and recourse available to traders in case of disputes or financial irregularities. As of July 5, 2024, the broker holds a notably low rating of 1.51 on WikiFX, which suggests potential areas of concern regarding the broker's operations, transparency, or client satisfaction.

    Unaccessible Website

    An important aspect to note is the current inaccessibility of MCFX's official website (https://www.mcfxgroup.com/en/). This situation presents a considerable challenge for potential and existing clients who may seek to access crucial information about the broker's services, terms of operation, or any recent updates. The inability to access the official website could be due to various reasons, ranging from temporary technical issues to more significant operational changes.

    Unaccessible Website

    Trading Platform

    MCFX provides its clients with access to the MetaTrader 4 (MT4) trading platform, a widely recognized and popular choice in the forex trading industry. MT4 is known for its user-friendly interface, advanced charting capabilities, and extensive range of technical indicators. The platform supports both demo and live trading environments, allowing traders to practice strategies risk-free before engaging in real-money transactions. MT4's versatility caters to various trading styles, from manual trading to automated strategies using Expert Advisors (EAs).

    Trading Platform

    Contact Information

    Clients and potential customers can reach out via phone at +44 207 399 7708 for direct verbal communication. Alternatively, for those who prefer written correspondence, MCFX offers an email address (cs@mcfxgroup.com) for customer support inquiries. These contact options allow for different means of addressing questions, concerns, or seeking assistance related to the broker's services. However, given the website's inaccessibility, it may be prudent to verify the current validity of these contact details through alternative sources if possible.

    Contact Information

    Conclusion

    To provide a summary, MCFX is an unregulated broker with a low score on WikiFX, in this way, WikiFX does not advise to trade with this broker. As this broker may not have enough credit to secure your funds. If you want to know more information about the reliability of certain brokers, you can open the WikiFX website (https://www.WikiFX.com/en), or download the WikiFX APP to find the most trusted broker for yourself.

    FAQs

    Is MCFX legit？

    While MCFX has been operating for several years, its legitimacy is questionable due to its lack of regulation and low rating on broker review platforms. Traders should exercise extreme caution and conduct thorough research before considering this broker.

    Is MCFX good for beginners？

    MCFX is not recommended for beginners. The lack of regulation and potential risks associated with unregulated brokers make it unsuitable for those new to forex trading. Beginners should prioritize regulated brokers with strong reputations and educational resources.

    Is it safe to trade with MCFX？

    Trading with MCFX carries significant risks due to its unregulated status. The safety of funds and the fairness of trading conditions cannot be guaranteed without regulatory oversight. Traders should carefully consider these risks and explore regulated alternatives for a potentially safer trading experience.

    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.

    User Reviews

    More

    User comment

    5

    Comments

    Write a review

    Tom Harris
    more than one year
    So there was this one thing. Not a huge deal, but I did have a bit of an issue with 247 Exness and it took them a while to sort it out. It wasn't the end of the world, but yeah, their customer support wasn't the fastest. I contacted them about this problem, and it took like a whole week to hear back. They did fix things in the end, but man, that wait was a bit of a drag.
    So there was this one thing. Not a huge deal, but I did have a bit of an issue with 247 Exness and it took them a while to sort it out. It wasn't the end of the world, but yeah, their customer support wasn't the fastest. I contacted them about this problem, and it took like a whole week to hear back. They did fix things in the end, but man, that wait was a bit of a drag.
    Translate to English
    2024-07-08 14:38
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    Samuel Harris
    more than one year
    Just realized I traded with 247 Exness a whole five years ago! 😉😉😉My memory isn't that bad after all. Honestly, they were good! They had these super tight spreads, down to 1 pip, pretty sweet, right? The only reason I moved on was to try out some other brokers, but honestly, I have nothing bad to say about them.
    Just realized I traded with 247 Exness a whole five years ago! 😉😉😉My memory isn't that bad after all. Honestly, they were good! They had these super tight spreads, down to 1 pip, pretty sweet, right? The only reason I moved on was to try out some other brokers, but honestly, I have nothing bad to say about them.
    Translate to English
    2024-07-08 14:17
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