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Problem Mex Atlantic blocked withdrawals

I am having an issue with a company
It's strange this behaviour, since MutiBankFx has a lot of regulation behind (Cysec, Bafin, Asic...). Maybe you have to make complaints to the regulation entities.
 
raikofer said:
It's strange this behaviour, since MutiBankFx has a lot of regulation behind (Cysec, Bafin, Asic...). Maybe you have to make complaints to the regulation entities.
Click to expand...
Yes, but I have discovered that things are a little more complex, see attached review
In conclusions, better not to fall in their trap as I did.
1702477050296.png
 
Final update. They closed my account, but they returned back to me the residual balance. I am still not totally satisfied, since I believe I did not break any rule of their client agreement, and it costed to me one third of my profits to place the long trades they requested me to do. Anyway I managed to recover at least part of my profits.
 
raikofer said:
It's strange this behaviour, since MutiBankFx has a lot of regulation behind (Cysec, Bafin, Asic...). Maybe you have to make complaints to the regulation entities.
Click to expand...
Even if the licenses are 100% legit, it's a common technique by larger scammers to obtain regulatory licenses in "Tier 1" locations, for showcasing purposes. But then their clients are all signing up in the offshore entity for the higher leverage, deposit bonuses, etc.

Unless you know how to study the business model carefully, you are screwed.
 
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