Score
MCFX
United Kingdom|5-10 years| http://www.mcfxgroup.com/en/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed MCFX also viewed..
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Website
mcfxgroup.com
Server Location
Hong Kong
Website Domain Name
mcfxgroup.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2019-05-20
Server IP
39.109.122.191
Company Summary
| MCFX | Basic Information |
| Founded in | 5-10 years ago |
| Registered in | United Kingdom |
| Regulation | Not regulated |
| Tradable Assets | Unknown |
| Trading Platform | MT4 |
| Customer Support | Phone: +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.
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.
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).
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.
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 37
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Review 37
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Hong Kong
Self-directed and self-acted by the platform, the false propaganda, fraudulent transactions, unsupervised fraudulent platform.
Exposure
2023-03-30
FX3370159699
Hong Kong
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.
Exposure
2021-07-30
FX3370159699
Hong Kong
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
Exposure
2021-04-18
FX2087090482
United States
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.
Exposure
2021-03-21
FX3370159699
Hong Kong
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.
Exposure
2021-03-17
青青43168
Hong Kong
Tao Zhang absconded. Unable to withdraw since October 2020. There is 600,000 yuan in my account!
Exposure
2021-03-16
这是玫瑰的战争
Hong Kong
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.
Exposure
2021-02-03
FX3370159699
Hong Kong
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.
Exposure
2021-01-04
王建影
Hong Kong
Plase help recover my hard-earned money. I can't withdraw funds since October 27
Exposure
2020-12-20
冷心为帝
Hong Kong
Can’t withdraw since October. Cheat lots of people. Please stay alert guys.
Exposure
2020-11-24
冷心为帝
Hong Kong
Can't witdhraw since October. Abscond with mkoney.
Exposure
2020-11-21
雪域光芒
Hong Kong
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.
Exposure
2020-11-17
求帮助呀
Hong Kong
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.
Exposure
2020-11-17
求帮助呀
Hong Kong
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.
Exposure
2020-11-16
求帮助呀
Hong Kong
The account has been managed by others all along and can't withdraw. It obviously absconded. We are going to call the police.
Exposure
2020-11-16
FX3521785489
Hong Kong
They promised that I can witdhraw any time. But now I can't withdraw. Scam.
Exposure
2020-11-15
求帮助呀
Hong Kong
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.
Exposure
2020-11-15
FX2400151252
Hong Kong
Since October 27, the platform has been unable to withdraw funds on the grounds of the OKEX incident, saying that it is a payment channel problem, and has been issuing announcements to let customers trust them, and the promised time has been delayed until November 14, 2020, on the day they said that the platform is difficult to dock, and customers have to wait another 3-5 months. The person in charge of the platform may have run away and take away the hard-earned money of others. Isn't their conscience hurt? Some customers have blocked all their wealth, even loans, on the platform, and hope that the relevant departments will actively investigate and deal with them, impose severe punishments, and give customers an explanation.
Exposure
2020-11-15
维权报警
Hong Kong
The withdrawals hasven't been to my bank account since October 27, 2020. So I expose it here. Fraud platform.
Exposure
2020-11-14
黑黑
Hong Kong
Can’t withdraw since October 27. Absconded.
Exposure
2020-11-13