Hi all,
I am posting about MexExchange(AU) here, I have another thread about MexGroup(BVI). I had accounts at both of these entities. It appears these firms are possibly operating as one entity while they are regulated by different jurisdictions, which in itself is very likely a violation of ASIC rules.
So I got an email in September that a whole batch of trades is being cancelled by MEX AU, the total amount being EUR 11,766.77 on one account and USD 119.54, this happend on Sep 5th 2018. A few days later I received another email telling me they've concluded their investigation and they're cancelling a whole batch of trades and 'netting off' trades placed during a certain time to 0. I am attaching both emails I got from MEX.
The trades cancelled are all on GBP pairs and were not very short, some were a few seconds while others were 16 minutes long. I trade during new releases so my trades are always like that, one base currency and I look for potential profits with many crosses, hence all the GBP trades.
I waited this long to post my complaint as I wanted to take out all my money before filing the complaint, and I did not want to draw too much attention to my account so I don't risk them taking more of my hard earned money away.
The interesting thing was that as soon as MEX AU cancelled those trades, MEX BVI cancelled almost all my profits going back 6 months. I attribute this to MEX BVI not being strictly regulated so they think they could do whatever they want and cancel profits as far back as they decide.
Here is a link to my other scam alert against MEX BVI - https://www.forexpeacearmy.com/comm...al-scam-mexgroup-bvi-cancelled-profits.57815/
I will be filing a complaint with ASIC if this does noe get resolved here
I am attaching the emails I got from MEX and also the spreadsheets showing the trades cancelled.
Recently I got an email from MEX asking me why I haven't been trading lately. Well... I didn't respond but I think it's obvious lol
I am posting about MexExchange(AU) here, I have another thread about MexGroup(BVI). I had accounts at both of these entities. It appears these firms are possibly operating as one entity while they are regulated by different jurisdictions, which in itself is very likely a violation of ASIC rules.
So I got an email in September that a whole batch of trades is being cancelled by MEX AU, the total amount being EUR 11,766.77 on one account and USD 119.54, this happend on Sep 5th 2018. A few days later I received another email telling me they've concluded their investigation and they're cancelling a whole batch of trades and 'netting off' trades placed during a certain time to 0. I am attaching both emails I got from MEX.
The trades cancelled are all on GBP pairs and were not very short, some were a few seconds while others were 16 minutes long. I trade during new releases so my trades are always like that, one base currency and I look for potential profits with many crosses, hence all the GBP trades.
I waited this long to post my complaint as I wanted to take out all my money before filing the complaint, and I did not want to draw too much attention to my account so I don't risk them taking more of my hard earned money away.
The interesting thing was that as soon as MEX AU cancelled those trades, MEX BVI cancelled almost all my profits going back 6 months. I attribute this to MEX BVI not being strictly regulated so they think they could do whatever they want and cancel profits as far back as they decide.
Here is a link to my other scam alert against MEX BVI - https://www.forexpeacearmy.com/comm...al-scam-mexgroup-bvi-cancelled-profits.57815/
I will be filing a complaint with ASIC if this does noe get resolved here
I am attaching the emails I got from MEX and also the spreadsheets showing the trades cancelled.
Recently I got an email from MEX asking me why I haven't been trading lately. Well... I didn't respond but I think it's obvious lol