Ponzi Scheme MFXBroker - New Era of Social Trading & Investments!

[Pharaoh]

Hello Pharaoh,

My name is Dennis Kulagin and I am head of marketing department at MFX Group. I am gladly here to address your questions.

I'm glad someone noticed and replied.

The Investment Program MFX Capital is structured as a corporate loan to our clients. MFX already had the profit-based return program – however now due to our 8-year experience (which included both good and bad times on the global financial markets) we have established a structure, where we do not need to offer return from our profit, but fixed the percentage.

Is this a monthly payment? If not, 5% compounded monthly equals more than 60%

Because MFX is a global company operating in over 120 countries. EVERY invested amount – even $100– is divided proportionally between the activities of 120 countries. This gives us excellent risk management, which is not dependent on the micro economic factors.

This doesn't really explain anything. Having a diversified and well run business doesn't ensure the ability to guarantee 5% each and every month.

The difficulties with explaining the 60% return fall off with people, who have at least some experience with Forex market – as they know, what amount the brokerage companies charge for the transaction.
However, MFX has even more – because of its unique partnership program opportunities. We encourage every person to bring in his friend, or any other trader with us, and receive lots of benefits – including commission from spread of up to 80%. Along with our coverage of developing markets, this and other tips bring us high returns for every client involved. So everyone is happy.

Even if you gave the best forex trader in the world a zero-spread, zero-commission account, a claim of being able to do 5% indefinitely would set off all the Ponzi alarms.

We do reinvest our own capital – but you know, that global markets have no limit. That’s why we gave opportunity to our existing and potential clients to involve in Investment Program MFX Capital and gain stable return.

Global markets may have no limit. Profit for a single month may have no limit. The most basic laws of economics are that risk and reward are strongly correlated.

We are passing the audit at the moment, and it takes time due to the large business operations we have in many countries. Of course, all the data cannot and will not be published because it shows the structure and business operations which are the matter of confidentiality.

I would hope that any audit could at least publicly certify that the claimed profits are both feasible and real. Otherwise, there's nothing to separate these claims from those of a typical Ponzi scheme.

This program was created by Igor Volkov, the president of MFX and Margo Zhiznevskaya, member of Georgia International Chamber of Commerce ICC GEORGIA - International Chamber of Commerce – the well-known investment manager with brilliant reputation in the current sphere, working with investors around the world. This is not THE BUSINESS that generated such profit – but HOW THE BUSINESS IS DONE. Our key is the following: we diversify risks, we do not trade with money, and we are expanding the innovational business bringing large return, gaining opportunities. Behind every successful business bringing large amount of money is the idea – not a capital, invested in real estate bringing 10% annual return due to price raise. We are doing business – not buying or selling. And yes, we are confident in what we are doing – and no one can prove us wrong – so we are offering 60% annual return to investors, hoping that the next year we can offer more, without any looking back on those who give out 10 or 20% annual.

It doesn't matter how well-known the creator is (Bernie Madoff comes to mind) or what the business model is. What you are offering is a pooled investment with a guarantee that is getting into HYIP territory. Extrarodinary claims require extraordinary evidence.

Because first – we do not need to shout out loud. We work with investors on B2B basis, receive large amounts, and give out profits. You also cannot see a single report of the investor who is unhappy with our work, and believe me – you never will.
And second – we do not publicize ourselves – our company speaks of us clearly.

The funny thing about Charles Ponzi was that his initial arbitrage scheme was profitable. What lead to the problems was too many investors. Bernie Madoff kept his clients happy for a long time. Without some public info from verified audits, happy clients can't tell a good investment from a Ponzi that hasn't crashed yet. You should read the arguments I had with happy clients of several Ponzi schemes here at the FPA.

That’s all right. Sometimes people are skeptic due to the events on financial markets, and companies opening and closing every day.
But we do not have to be responsible for others. We speak for our work, and our company only – and MFX has never been guilty for doing monkey business for its entire 8-year history.

I'm glad you understand, but I'm still awaiting some real evidence. Madoff didn't start bad. Ponzi himself didn't start bad. Both promised good returns and went bad when they couldn't sustain them.

By the end of your post, I am happy to hear that. This is a very professional approach, and that is why I gladly reply. Please ask any additional questions you might have, to clarify the issue.

I'm looking forward to whatever details you can publicly share about how these returns are made, along with whatever part of the audit can be made public.

 

[Pharaoh]

I'm still waiting for more info. Long silences do not fill me with confidence.

You should read the arguments I had with happy clients of several Ponzi schemes here at the FPA.

Here are 3 of the best examples of me warning people away from Ponzi operations:

Secure Investment

CRE Capital

MyTIRN

In each case, the company convinced investors that they had a Holy Grail of some sort and the investors were less than happy when I poked holes in the dream of limitless profits with no effort. Each one was very bad at providing any verifiable information. Each one ended very badly for the investors.

I recommend everyone thinking of investing in MFXBroker's 5% per month deal or anything resembling it carefully read every page of those 3 threads.

I look forward to MFXBroker breaking this pattern and showing some verifiable evidence to back up what appear to be impossible claims of guaranteed profits. Like Agent Mulder, I want to believe. Unlike Agent Mulder, I'm not going to believe without solid and verifiable proof.

Until such proof is presented, my personal recommendation to everyone is to not place one cent into this program.

 

[MFXBroker]

Dear Pharaoh,

We are pleased to have a conversation with such a good specialist as you. According to your desires, we will provide you with auditor’s report as soon as they complete their work. We hope that you will find it convincing.

Thank you for your questions, we will take them into account. Today we guarantee that there is not a single negative report from current investors relating to MFX Capital investment program.

Kind regards,
Dennis Kulagin
Head of Marketing - MFX Group

 

[Pharaoh]

Thank you for your questions, we will take them into account. Today we guarantee that there is not a single negative report from current investors relating to MFX Capital investment program.

I strongly suggest you and everyone else read the threads about MyTIRN, Secure Investment, and CRE Capital. Those, along with Bernie Madoff's scam clearly show that a well run Ponzi can last for years without complaints. When the complaints start, that typically signals that the whole operation is failing and all the money has disappeared.

 

[MFXBroker]

MFX Academy Workshop

As part of continuation of previous success Seminar, MFX Academy once again held a workshop where a deeper and applicable forex trading material presented in front
of limited audiences.

This workshop is part of MFX Academy sustainable education agenda in order to provide a proper and correct understanding on online forex trading. Mr. Bambang Sugiarto as a trainer believes that successful traders are those who posses correct undestanding on this business. So a sustainable education is needed.

Online trading industry are developing dynamically where all people involved must update their understanding and knowledge in regards to market movement and regulations involved. Forex trading is not just a profit hunting where everbody hope for a multiple benefit. It is an art of self discipline and to organize health so it can grow constantly in a proper manner.

MFX Academy committed to keep developing its social-education agenda to the society and we will visit major cities in Indonesia. Do not miss our latest information and the location of our upcoming seminar in our official facebook page.

Best regards,
MFX Broker

 

[MFXBroker]

MFX summed up the results of the third trimester of 2015
Company News - 26 May 2015

Counting on the most innovative technologies and improvement of risk-management automated system step by step MFX Broker steadily reached its goal – to become one of Forex leaders. Gradually improving the indicators of its work and expanding geographic footprint, MFX Broker gains confidence of more and more investors and traders from different countries including even the most distant corners of our planet. Today there are more than 600,000 clients from 120 countries.

Speaking about the first months of 2015 it is worth mentioning that they are marked with a series of significant events and impressive achievements.
In January according to the results of the last quarter of 2014 investors of MFX Capital received profit which composed 10,67% and increased standard interest rate on bank deposits.
“Our program, - says Margarita Zhiznevskaya, MFX Capital investment manager, - lets combine low risks with guaranteed income of up to 60% per annum due to precise analysis of investments and its diversification. That is why the program was acknowledged to be the best according to Global Banking & Finance Review”.

There is no doubt that all financial market participants remember the “Black Thursday” on 15 January as well – a day when unprecedented volatility of the Swiss franc caused sufficient damage to both traders and brokers some of which appeared to be on the edge of bankruptcy.
Hundreds of thousands of traders seeing negative balance of their accounts were afraid that besides suffered losses they would have to pay these debts as well. However there were brokers who took it upon themselves, and MFX Broker was one of the first companies to make it.

Stress resistance and financial welfare of the company are mainly related with powerful affiliate chain. As early as 2013 the company started new multi-level affiliate program with the help of which partnership reward was increased by 600%. For this project MFX Broker was awarded by prestigious award of World Finance in “Best Affiliate Programs” nomination.
Today there are partners from more than 60 countries most active of which get up to $100,000 a month, total number of partnership accounts increased 50,000, and partnership reward of up to $15 per lot size is one of the highest in the area.

Totally new version of the web-site was worked out with the purpose of expanding opportunities for service provision for clients and partners of the company. MFX 2.0 is an intellectual cross-functional framework which lets traders, investors and IB partners monetize their knowledge and skills in a most convenient way. Besides traditional functions which imply almost all Forex and Binary Options brokers, MFX 2.0 offers expanded opportunities for social trading and one-click access to both investment products and numerous contests which the company regularly holds among traders and partners.

Another service which is offered by not all but just a few is interest charge for free margin of traders’ accounts. This operation is realized automatically at 9% per annum in USD – during the first quarter of 2015 more than $50,000 was charged to the trading accounts in form of interest rate.

It is natural that using constantly increasing financial tools, MFX Broker not only improves trading conditions for clients, but also realizing its social responsibility implements wide scale charity program in dozens of countries all over the world for already several years. For instance, in March charity race “Let’s go have fun and charity” was held in Indonesia with sponsorship of MFX Broker. All the funds raised were directed to local orphanage.

For almost ten years of working on financial markets the company gained a lot of professional awards which testify to trust of traders’ community. And just during first several months of 2015 MFX Broker was awarded already three times. After IAIR Awards in Best Broker / Investment Products which was given to the company in Hong Kong in the middle of March, there was “Global Banking & Finance Review Awards 2015” in Most Innovative FX Social Trading Solutions South East Asia. And in the end of April International Association of Forex Traders (IAFT Award) awarded the company as the Best Broker of the Year.

“The last year, - says Igor Volkov, President of the holding, - appeared to be very hard because we had to realize several rather ambitious projects at once. And I am very glad that all our efforts were noticed and highly estimated. I sincerely hope that these awards will not be the last. For our part we will do everything to make cooperation with us more and more comfortable and beneficial for our clients and partners”.

Among the plans for the nearest future we can mention launch of a series of contests not only for Forex traders and IB partners, but for investors and Binary Options traders as well; implementation of innovative mechanisms of social trading, considerable expansion of instruments for partners, and launch of many stage Proprietary Trading program in the frame of which traders will have chance to get capital from MFX Broker, which is 3500 times more than personal deposit, into asset management.

Best regards,
MFX Broker

 

[Pharaoh]

“Our program, - says Margarita Zhiznevskaya, MFX Capital investment manager, - lets combine low risks with guaranteed income of up to 60% per annum due to precise analysis of investments and its diversification.

I'm still waiting for any verifiable evidence that this investment isn't Powered By Ponzi.

 

[MFXBroker]

MFX offers its partners from Asia their own Gran Prix!
Company News - 29 May 2015

We have been long promising our IB partners new and attractive contests worked out especially for them. Today we want to announce brand new contest - «BIG ASIA CONTEST», which starts on 1 June, 2015 at 14.00 GMT +3. The sun rises in the East. So we decided to devote our first contest t IB partners from South Asia, East Asia, and South-East Asia. Registration is already open!

Yanis Vinokurov
head of MFX Broker partners department:

The basic conditions of the contest are very simple. Nothing extraordinary is required from the participants. They just have to go on attracting new clients during three months. The one who attracts more clients is going to win.
I also would like to remind that participation in the contest will not influence your partnership commission - you will get full commission for every client as usual.

Partner who takes the 1st place will get VIP-tour for 2 persons to MOTO GP Gran Prix in Malaysia. The motorcycle racing championship will be held in October, 2015. Besides tickets to the skybox, the winner will also get the flight and accommodation in de luxe suite of 5* hotel. The winner will get funds for a representative office opening in his home region with the right to manage it.

The 2nd prize winner will get powerful scooter or cutting-edge laptop.
The 3rd place – Samsung Galaxy Note Edge (32 GB)
The 4th place – Samsung Galaxy S6 Edge (32 GB)
The 5th place – Samsung Galaxy S6 (64 GB)
The 6th place – Samsung Galaxy Note 4
The 7th place– Samsung Galaxy Tab S (10.5’’)
The 8th place – Samsung Galaxy S5
The 9th place – Samsung Galaxy A5
The 10th place – Samsung Galaxy Tab 4 (10.1'')

Hurry up to register for the contest and win!

More detailed conditions of “BIG ASIA CONTEST” are available in this section.

Best regards,
MFX Broker

 

[Pharaoh]

I wonder where the money to pay for all of those prizes comes from? The same place that the claimed 60% annual returns come from?

 

[MFXBroker]

MFX Broker and FasaPay start joint promotion for clients from Indonesia!
Company news 26 June 2015

Taking into account needs and desires of traders from different countries MFX Broker constantly strives to improve the service quality and trading conditions which are offered to our clients.

That is why MFX Broker and FasaPay announce start of joint promotion on depositing MFX wallet for all clients from Indonesia!

Depositing your MFX Broker trading account via FasaPay for at least $300, you will get improved Margin bonus. When depositing up to $1000 the bonus increases by 20%, and instead of usual 50% you increase your deposit by 70%!

Denis Kulagin
head of MFX Broker marketing department:

We know what our Indonesian clients prefer and what is interesting for them. We also have good relations with FasaPay, which was excited with our offer about joint promotion and supported us. The conditions are very simple: make deposit via the payment processor and increase your Unbreakable bonus.
Benefits of Unbreakable bonus are obvious. It neither burns down, nor drowns even if you are out of funds on your trading account. You can go on trading and use bonus funds as if your personal!

It is very easy to take part in the promotion:

* Register personal area
* Click “Deposit” in “My wallets” section
* Choose FasaPay from the list of payment processors and follow further instructions.

For all questions you can contact client support department

You want to participate in beneficial promotion, but do not have FasaPay account?
Create the account free of charge!

Best regards,
MFX Broker