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

Guaranteed profits become guaranteed losses.
I give $21 500 to successful prop-traders
company news 30 Sep 2015

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Dear friends, clients, and partners!

Today I am glad to announce you the winners of the first two rounds of our huge selection project of Prop-trading program.

Before I announce the names, I need to point out that I am very pleased with the results. That is why I decided to increase the amount given to leaders by dozens times.

Every leader gets $5000. The leaders are:

These traders demonstrated great results and became the leaders.

Every leader gets $1000. The leaders are:

Every leader gets $500. The leaders are:

Every leader gets $250. The leaders are:

These 13 participants managed to become the best among all 200.

I congratulate all the winners, and remind about one point of rules which should be fulfilled to stay in the project. All traders as well as the winners of the first rounds must keep Trader’s diary. Default of this rules leads to disqualification. Traders whose names are announced above should contact their managers and complete all the procedures required for charging of the money.

I remind that in August, 2015 we started a large-scale Prop-trading program to select managers. My aim is to find the best traders into the team of those who will work for me and make big money. Nobody realized prop-trading in the frame of Forex yet, and I am glad we managed to do it. Prop is cool because it is not a sole game – it is joint work for result. I personally supervise the project, and I will teach those traders who get to the final.

The first selection rounds are completed, and now we sum up the results to correct the terms of coming rounds. Read the rules, follow the news on the website, and join the team of the best!

Igor Volkov,
President of MFX Broker financial company
 
Results of the first year of MFX Capital investment program’s operation


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MFX Capital is one year now. According to the results of this year hundreds of investors from 25 countries gained profit which exceeded standard bank interest rates.

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Igor Volkov,
president of MFX Broker:
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In 2014 MFX Group holding presented its unique investment product aimed to increase capital of investors due to investments into development of the holding and its products around the globe. Our calculations were based on 8 years of experience, estimation of risks and returns which could rise in the process. MFX Group is not just a holding with a vast experience history – it is a group of companies which survived 3 global crises being one of those few companies which saved their good name of stable company and sustainable partner. Due to all these facts offering MFX Capital we were confident that we will manage to fulfill all our duties before investors.

MFX Capital reverberated the market during the first year – it offered 60% on one-year period investments. We got investors from around the globe. I would like to specially mark such countries as Russia, Georgia, Indonesia, and Malaysia. Of course, there were those who thought that 60% is just a tale. We did not argue – we knew that it is just a figure, and that pleased clients and their investments would be better than any explanations. And we achieved that.

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Margo Zhiznevskaya,
MFX Capital investment manager:
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Now, after a year, having more than $10 million investments and positive history of program development we have a reason to be proud. MFX Capital became an additional source of income for some people during the period of economic unsteadiness. We not just invest and increase capital. Due to this investment program many people breathe freely, realize their dreams, go for a vacation, stop worrying about their work – because they already have stable and guaranteed income.

60% interest rate promotion comes to an end and standard interest rate amount returns again – 36% annually will be charged for investing with a year period. Herewith the company compensates fee for transfer of interest rate from MFX Broker personal area to your personal account – this measure will simplify withdrawal process considerably.

However, due to MFX Broker birthday and MFX Capital first anniversary we decided to prolong 60% annually promo for one more month. It means that all investors depositing funds for 1 year period till the first of November of this year have chance to get 60% per annum during the whole period.

I wish you successful management of your funds and financial independence.

MFX Capital
Exceeding Your Financial Expectations
 
So a suspiciously Ponzi-like offer managed to pay out for a full year and had no complaints. Does that prove that it's not a Ponzi scheme? Absolutely not! Plenty of Ponzi scams have lasted much longer. For example:

A woman known as Dona Branca ran a Ponzi that paid 10% per month for 14 years.

Ronald Rewald has a Ponzi paying 20% annually from 1978 until 1983.

James Paul Lewis, Jr.
ran a large Ponzi scheme for about 20 years. In the end, investors lost over a hundred million dollars.

In all of these cases, some investors end up in profit. What is also plain is that 100% of these "profits" came from money that was stolen from other investors.

And here are some other multi-year Ponzi schemes that the CFTC busted:

Washington, DC– The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement Complaint against Defendant Glen Galemmoof Cincinnati, Ohio, charging him with operating a multi-million dollar Ponzi scheme through his firm,QFC, LLC,from February 18, 2010 through at least July 17, 2013.

http://www.cftc.gov/PressRoom/PressReleases/7001-14

The summary judgment order entered against Gresham on September 9, 2011, found that, from 2004 to 2009, Gresham fraudulently solicited $15,900,245.97 from over 100 customers for the purported purpose of trading forex. According to the order, Gresham lured customers and prospective customers with promises of extraordinary monthly returns ranging from five to 10 percent and perpetuated his scheme by falsely reporting substantial gains to customers. The court further found that Gresham engaged in only limited, unsuccessful forex trading and that Gresham misappropriated the vast majority of customer funds to pay “returns” to other customers and for personal use.

http://www.cftc.gov/PressRoom/PressReleases/6268-12

According to the complaint, since at least 2001 through February 29, 2012, Wilson and AB&C operated a Ponzi scheme, and, as part of the scheme, fraudulently offered contracts of sale of silver, a commodity in interstate commerce. Through their 11-year long scheme, the defendants allegedly fraudulently obtained at least $90.1 million from at least 945 investors for the purchase of silver.

http://www.cftc.gov/PressRoom/PressReleases/6275-12



Let's all also take a few moments to look at the warning signs of a Ponzi. Not from me, but from some government agencies:

A list of Ponzi warning signs directly from a CFTC publication includes:

1. If it sounds too good to be true, it is.

2. The investment promises little or no risk of loss or promises you won't lose money.

3. Profits or rates of return on an investment are guaranteed regardless of the direction of markets.

4. The investment is difficult to understand or incomprehensible.

5. There is a need for secrecy. Not being able to get written information about a potential investment should raise suspicions.



ASIC's list of Ponzi warning signs includes:

The rate of return is suspiciously high - maybe as high as 10% per month (120% per year)

ActionFraud's list of Ponzi warning signs includes:

High returns at low risk

Complex investment strategy


Hmmmm.... Am I the only one who sees that these could apply to the offer from MFX?


Still, I keep HOPING that this one isn't a Ponzi. If only the company would offer evidence. Oh wait, they did offer to sent it . . . . later:

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

That was in mid-May. Now it's October. I'm still waiting. I wonder if I'll get it in time to grab their 60% offer before it drops to 36%?
 
MFX celebrated its birthday with prizes giveaway!


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On the 2nd October MFX celebrated its 9th birthday – it is almost the 10th anniversary of overcoming hardships, constant intensive work, and worries for the success of the whole business. And on the other hand – what does this period mean? It is childhood, the whole life is ahead! So there is no place for sorrow, we need to rejoice!

That is why we invited all our clients and partners to celebrate this holiday together. We offered them to solve a simple task. How much 9x9? If someone answered 81, then Birthday is a truly sad event for him. In our case 9x9 is…1500! And we estimate this figure in dollars as any other broker.

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Igor Volkov,
President of MFX Broker and head of the jury
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“Expecting our Birthday we decided to hold a contest offering everybody not just o congratulate us, but also express their opinion about our company, and get a prize for it. In the honor of the 9th birthday we established 9 prizes with total amount of $1500 which should be given to those authors who awake an echo in the hearts of both jury (4 prizes), and of our clients (5 more prizes)”.
The contest appeared to be truly international uniting friends of MFX from different parts of the world. The final table of prize winners is as follows:

The winners of audience’s like are 5 representatives from Indonesia:

  • the 9th place and $25 go to sukemi, who managed to mention in his congratulated even the Chancellor of Germany Angela Mrkel;
  • the 8th place and $50 go to BabyBlue, who involved phrase in Russian, English, and French into his congratulation;
  • $75 go to the 7th prize winner jurukuncimasjid, also from Indonesia, who showed a groovy Irish dance;
  • ramirami posted a congratulation in his Diary which was liked by many followers, as a result ramirami took the 6th place and received $100;
  • another prize winner who got $150 is Moh Hanafi, who did not forget to mention MFX Broker team with its president in his congratulation post;
Awarding ceremony continues with the participants who gained favor of the jury. Among these winners are:

  • Ramen from Malaysia who took the 4th place. He did not forget to repost his congratulation in social networks. The sympathy of the jury and precise following the rules brought him $200!
  • wasan123 from Thailand who won the hearts of the jury with lots of kind words posted on an elegant blue card took the 3rd place;
  • Silver prize winner is mikolastd. Mikolastd attached a gorgeous bunch of flowers and purse of old golden dollars to his poem. The jury could not pass by such present and gave the participant 300 of contemporary US dollars;
  • and finally, unquestionable leader of our “People’s choice” contest is wladimir77. As it should be with a representative from Russia he used a mighty bear pressing on a bull shaking with fright. To support him in this battle we give Vladimir $350!
The jury and the whole MFX team sincerely thank all the participants and fans who extended the hand of friendship. We promise to try to realize all the wished you expressed shortly. And on the 2nd of October, 2016 – on the company’s 10th anniversary we will report on what we managed to achieve.

“I believe that you will be lucky with MFX!” – this is how wladimir77 finished his congratulation. No doubt, friends, it is true!

Best regards,
MFX Broker
 

MFX Broker continues strengthening its positions in South-East Asia. A specially developed wide-scale program which supports this aim has two strategic directions:
- the first one – provide clients of this region with brokerage and investment services of the highest level regardless to their financial opportunities,
- the second one – help them become successful traders with the help of various seminars and workshops held around the region.

Another milestone event is the recent forum which was held in the capital of Indonesia. The forum gathered more than 150 participants from Saint-Petersburg, Jakarta, Surabaya, Medan, Makassar, Balikpapan, Semarang, Solo, Salatiga, and the largest Vietnamese city – Ho Chi Minh.

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Igor Volkov
president of MFX Broker financial company:
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The recent MFX forum made it clear that such events are essential for qualitative contemporary business. Clients should know us by sight, and we need to have a personal approach in solving their problems. That is why I am going to visit some countries of South-East Asia myself, and hold a series of seminars and workshops as well. Follow the news.
New and promising products and services were presented in the course of the seminar under MFX brand, and Mr. Bambang Sugiarto, SE., S.IP., MM., Akt. held a training seminar. There was also a master class which was held by experienced traders from the company’s head office. Head o Sales department and active trader Alexander Grichenkov shared 10 secrets of successful trading with specific examples, and demonstrated efficiency of his strategies to the listeners.

MFX summit was also held in the frame of the forum. On this summit heads of several departments of Russian, Indonesian and Vietnamese offices discussed the issues of company’s further development throughout the SEA region.

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Yanis Vinokurov
head of MFX Broker partnership department:
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Another very important event for us was the meeting with the key IB-partners of the company, who play significant part in promotion of MFX Broker. It was a straight eye to eye conversation during which we managed to find answers to the most essential questions and work out a united working strategy.
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Denis Kulagin
head of MFX Broker marketing department:
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It was my first visit to Indonesia and I was amazed by both its beauties and potential of the country, and great people I managed to contact in person here.
I am also glad that our forum appeared to be really successful, and it gathered a lot of both novice and experienced traders.
This time we managed to meet private investors and have interesting conversation with them. I am sure that the number of investors will grow from day to day. For my part I can guarantee that company’s motto “Your personal broker” is not just attractive slogan, but the base of our operation. And regardless to the financial potential, each client is a VIP-person to us.
Speaking about other events of the forum we believe that the most pleasing might be awarding of seminar’s visitors with diplomas, awarding ceremony of Big Asia Contest winners, and a lottery organized for the guests of the forum: 20 lucky persons became owners of big cash prizes. Of course everybody is eager to hold such kind of seminars on a regular basis. We just have to accept this desire and work over it, because the word of the client is a law to us!

In the near future MFX Brokers plans similar events in other countries of SEA region, Middle East, and CIS.

Detailed report and feedback from the participants of the forum are available on our official pages in Facebook, Instagram and Youtube.

Best regards,
MFX Broker

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Among numerous services which MFX Broker offers its clients, there is one more new service – the company started Web Trader platform with the help of which trading on financial markets will become even more convenient.

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Denis Kulagin,
MFX Broker Marketing Director
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“Our web-platform is a very convenient platform for any trader because it lets carry out transactions without any software. It is enough to have access to the Internet in any place – at work, in business trip, in hotel, on vacation, at friends’ place, - log-in our website and start trading or just monitor your trading account.
Web Trader has a user friendly interface, it contains familiar functions and it is very similar to MT4, so you just need a couple of minutes to assimilate it. Even a novice trader will have no difficulties with it.”
Using the platform is very easy:
  • Register with MFX Broker
  • Open account in the personal profile
  • Go to the web platform
Credentials of the account will be sent to the e-mail used for registration of the profile.

We also remind that besides MT4 and MultiTerminal our company offers mobile versions of the platform for smart phones and tabs. And now Web Trader also expands the opportunities of MFX clients in management of their accounts being in course of all events on the Forex market.

Best regards,
MFX Broker
 

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“MFX Broker” has become a buzzword among the Forex traders of Bangladesh. It’s because of our continuous interaction with clients and superior services provided to them in all possible ways. Regular Forex related seminars have taken it to an upper level.

Last Saturday was not a festival day in Bangladesh, but it was something special for the clients of MFX Broker. We all had a great time in the special seminar on “advanced Forex trading strategies”. The program was set to start at 11.30 a.m. but people started to come from 10.00 am. By the time we started, the auditorium was full of MFX Broker’s traders and investors.

At the beginning of the seminar, there was brief introduction about MFX broker. We highlighted the history of the company, awards and achievements, Mass media and some special features of MFX Broker like: investment plan, binary option trading, social trading services etc.

After a short break, a local expert Forex trader started the main part of the program. He discussed on various topics, such as, fundamental analysis, money management techniques, profitable Forex strategies, trading psychology etc. Most of the Bangladeshi Forex traders start trading with a little knowledge on Forex market. Our intention was to enrich their knowledge as it is the part of MFX Broker’s commitment - we won’t let our traders to take any risk without proper learning.

After the seminar, everyone was leaving with a smiling face. Mr. Asadul, one of our regular traders, said, “I was so excited when I heard about the seminar as we don’t have much scope to learn Forex in Bangladesh. It was so informative and I learned a lot. Thanks to MFX Broker for arranging this workshop”. Mr.Kazi is a new trader of MFX Broker who expressed his feelings like this- “Before joining MFX Broker, I worked with so many other brokers. But no one was as helpful as MFX. I got an excellent support from MFX Broker. I feel proud to be your trader”.

MFX Broker always aspires to be closer to its clients. The seminar was another proof of that and that’s how we can proudly say that, we appreciate that our clients know us by sight, and we know them.

MFX Broker always aspires to be closer to its clients. The seminar was another proof of that and that’s how we can proudly say that, we appreciate that our clients know us by sight, and we know them.

You can watch video report following the link.

Best regards,
MFX Broker
 


Igor Volkov, owner and president of MFX Broker, started his personal blog on forexmagnates.com. – an overground resource for the participants of the financial industry.

Igor Volkov shared his viewpoint about market’s regulation in Russia in “Open Mic” section (http://www.financemagnates.com/exec...ex-regulation-in-russia-will-kill-the-market/) “The regulator has little idea of what needs to be done. All of this is killing the decent market”, - stated head of MFX in his first post. It is supposed that posts in forexmagantes.com blog will become weekly, and will be devoted to upscale and sensitive issues of the financial markets. Competition between Forex companies, ways of operation on the financial markets, insight into trader’s live – these are just some of the topics of the upcoming posts.

Igor Volkov comments:

“Reputation is the most important issue in our business. I believe that the topical objective now is improved transparency of Forex industry. Client should have a clear understanding of the working processes of the company they deal with, and owners of successful brokerage companies should not be at the top of the “Olympus of Gods” with no access, but main messengers of the ideas and principles of their business.

During 10 years I learned many lessons, created and started a lot of products which appeared to be a must for any company. And now I endeavor to take ideas and messages to the new public and receive feedback from market participants. In addition I am up to publish several books about trading and Forex-industry, so I am going to collect material, organize the accumulated data, test ideas which I would like to try in trading and business in general. I am sure that blog on Magnates (http://www.financemagnates.com/exec...ex-regulation-in-russia-will-kill-the-market/) will become a perfect platform to tell traders more about the industry”.

Best regards,
MFX Broker
 
MFX PARTNER VISITED MOTOGP GRAN PRIX

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In late October Spanish pilot Dani Pedrosa won Malaysian Gran Prix on Sepang track in a hot contest on his Honda motorcycle. 25 pilots started, 5 of them did not reach the finish line…

We remind that several months before the event MFX Broker started a hot Big Asia Contest in which IB-partners of the Asian region participated. The winner of the contest was Ramen, who engaged more clients to the company than any other participant. He was given a VIP-tour to Malaysia which included tickets in a sky-box for this thrilling motorcycle championship besides airplane tickets and accommodation in de luxe suite of a 5* hotel.

Video report about the Big Asia Contest winner’s tour to MOTO GP Gran Prix is available on the official YouTube channel of the company.

With great pleasure we congratulate Mr. Ramen on his victory again and thank all the partners who took part in the breathtaking derby. We remind that in the nearest future MFX Broker will gladden all its clients and partners with new absorbing contests and competitions. Follow the news; the prizes are waiting for you!



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Best regards,
MFX Broker
 
Trade Easy, Get Money: Congratulation to all talented traders from Vietnam!

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Dear traders,

After several competitive weeks, the contest Trade Easy, Get Money has finished, with participants waiting with bated breath for the winner to be announced. One more time, MFX Broker apologizes for the unexpected problem which negatively affected the result announcement or any unintentional mistakes during the time of the contest.

Let us congratulate 3 best traders of the contest this time:

First prize - $300: gallaryjoe

Second prize - $200: quangtung

Third prize - $100: we are still trying to contact the 3rd winner to find out his name and give him his $100

All winners must send a confirmation email to the address support.vietnam@mfxbroker.com , including their full name, email address, personal telephone number, so that they are eligible to receive the prize. After 3 days (from Monday 23/11 to Wednesday 25/11), traders without a confirmation email will be erased from the winning list and their prize will be given to the next suitable trader.

Again, please accept our warmest congratulation to the traders who won the contest Trade Easy, Get Money. We hope that we have brought you all a moment of comfortable and enjoyable relaxation while performing trading operations with such a small yet attractive contest.

Don’t forget that when trading with MFX Broker, all traders have an opportunity to receive the lucrative Tradable Bonus from 50% to 70%. Meanwhile, when becoming our IB partner, traders will receive very competitive commissions.

MFX Broker appreciates your support during the time of this contest.

Best regards,
MFX Broker
 
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