Withdrawal problem with MFXbroker for Chinese clients

hinswu

Recruit
Messages
3
I‘m from china,i‘m not good at English,i’d like to tell everyone something about Mfx , all the Chinese clients can‘t withdraw or deposit since Jun by UnionPay,Mfx said there was some technical problem and they worked hard to solve it,everything seems to be going just fine when they said final test was started on August 17th,but the problem haven‘t solved until now,some clients withdrew by Skrill when things happened but Mfx didn't process anymore,as i know,Mfx is no longer licensed and
regulated by the Financial Services Comission of Belize since November 2015.
 

Pharaoh

Colonel
Messages
19,900
I still see "Master Services" on Belize's list here:

http://www.ifsc.gov.bz/licensed-service-providers/list-f/

Not that Belize has ever done anything bigger than kick out a few brokers after complaints.

However, MFX appears to have your money and is not giving it to you. Union Pay is not the only way to move money in China, so I don't see a Union Pay issue as a valid excuse.

Go to this page, read the instructions very carefully, and file a case:

http://www.forexpeacearmy.com/community/pages/traders-court/
 

hinswu

Recruit
Messages
3
I still see "Master Services" on Belize's list here:

http://www.ifsc.gov.bz/licensed-service-providers/list-f/

Not that Belize has ever done anything bigger than kick out a few brokers after complaints.

However, MFX appears to have your money and is not giving it to you. Union Pay is not the only way to move money in China, so I don't see a Union Pay issue as a valid excuse.

Go to this page, read the instructions very carefully, and file a case:

http://www.forexpeacearmy.com/community/pages/traders-court/
They do have other ways to withdraw or deposit for Chinese clients,but all the ways cann't withdraw after the problem of UnionPay,Master Services is still on Belize's list but MFX isn't ,six months ago, some people have sent Master Services am email to ask if MFX is a subsidiary affiliated to it and receive no reply .
 

Polinky

Private, 1st Class
Messages
32
Hello,
I have scammed by MFXbroker.
I could not speak Russian but speak Chinese a little.
Is there any lawsuit in China?
If so please tell me in detail.
 

Polinky

Private, 1st Class
Messages
32
Maybe Hinswu read this issue.

forexbrokerz.com/news/belize-financial-watchdog-ifsc-delicenses-forex-broker-mfx
 
Last edited by a moderator:

Pharaoh

Colonel
Messages
19,900
I think it's time for a client to contact the Belize IFSC to see if the broker they threw out is allowed to operated under a different license.
 
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