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SFX Markets potential SCAM, would not process withdrawal

Discussion in 'Scam Alerts' started by chitak, Apr 21, 2019.

  1. chitak

    chitak Sergeant

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    It is simple I have about 25000 USD at this broker, and since last year, september I've been waiting to get my money.

    I've submitted multiple withdrawal requests, and sent in multiple messages to their various emails. All I get is that the payment is under review and will be processed as soon as possible.

    Not sure what the status with this broker is, maybe they;re in trouble, but they're not saying anything, My last few emails have gone unanswered. Sending another email now to all available email address I have for the broker.

    I have taken out some money out in the past from this broker, but now they seem to have gone bad.

    I will update here if there is further info, or if I get my money. My account number is 117825 , if the broker somehow decides to come and check the thread here.
     
  2. carsonj

    carsonj Recruit

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    hello, are you not sure this is not a scam? have you tried calling the company or spoken to anyone in the company?
     
  3. chitak

    chitak Sergeant

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    I haven't called, I only emailed them. We'll see if they're scam or not.
     
  4. FxMaster

    FxMaster Lt. Colonel

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    First of all, invite the company by using the invite company option to your thread. And if you are unable to locate the option then this thread "Tutorial: How to Invite a company to your thread." will help you to find out.

    Note: If you are new to FPA then invitation button will be enabled when your first post reaches 4 days old.

    Till then follow the below-suggested options to draw their attention on your issue

    If you deposited your money via credit card then contact the credit card customer care asap and ask them to file a chargeback.
    Go to their website and invite them to here via Live Chat
    Invite them to join this thread via email (Send an email to every possible address).

    You will find their email and address https://www.sfx-markets.com/company/contacts
    Also, Share your story as a review https://www.forexpeacearmy.com/forex-reviews/11840/www.sfx-markets.com

    You can also share your story on their social media pages mentioned below:

    https://www.facebook.com/sfxmarketscom

    https://twitter.com/sfxmarketscom

    https://www.youtube.com/channel/UCn3uWOwQ-qxV5tQrtOgU5cQ


    Note: Don’t forget to update your review/s when you got solution of your problem, Best Of Luck :)
     
  5. chitak

    chitak Sergeant

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    Here is the latest reply I got from the company:

    Dear Sir/Madam,

    Thanks for contacting us.

    Your withdrawal requests are under reviewal of our compliance team and will be proceeded soonest possible.

    Sorry for all inconveniences caused.

    P. S. Please note that we also leave the rights to report about your arbitrage trading activity (which is illegal) to the appropriate parties.
     
  6. ScammerMayCry

    ScammerMayCry Recruit

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    How is this trading illegal that they are holding up the funds for more than 6 months. Reminds me of scammer instaforex. I noticed that they are holding 63million under hawkfx2 which is represented by nordhill capital. These monies are also locked. Sir, Are you trading or is someone else or other company trading on your behalf?
     
  7. FxMaster

    FxMaster Lt. Colonel

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    Ask them how long it will gonna take?
     
  8. ScammerMayCry

    ScammerMayCry Recruit

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    It seems sfx markets had planned to abscon with traders money

    https://financialcommission.org/201...sion-announces-sfx-markets-membership-ceased/

    Even their asian partners stgwealth's website under maintenance mode.

    https://www.stgwealth.com/


    Also Sfx had been warned by chinese that they were a scam since 2014.

    https://www.financemagnates.com/for...annel-warns-viewers-of-dangers-of-fx-trading/

    Is this not a clear picture this broker is a scam.

    Also check this out.
    They have a huge sum invested with them.

    https://www.myfxbook.com/members/nordhillcapital/hawk-fx-v2/2615417

    Im ready to vote that this unregulated broker from st vincent and the geraldine is a scammer.

    God bless all and if you lose your money, report to the authorities immediately to prevent scammers from escaping.
     
  9. chitak

    chitak Sergeant

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    There are a few other complaints here on FPA about SFX, but I still wanted to detail my complaint even if the broker is scam, give them a final chance to return my money. No news from SFX since my last communication with them on Apr 25, where they said my payment request is under review by their compliance team.
     
  10. FxMaster

    FxMaster Lt. Colonel

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    Use the company invite button at this thread and invite them first.
     

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