Score

2.02 /10
Danger

Myfx Markets

United Kingdom

2-5 years

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

High potential risk

Influence

C

Better than 54.1% brokers
Open Account
Website

Score

License Index0.00

Business Index6.85

Risk Management Index0.00

Software Index7.51

Regulatory Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Influence

C

Better than 54.1% brokers
Website
Open Account

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open for free

Contact number

English

+64 9 889 4022

Broker Information

More

Company Name

Myfx Markets Pty. Ltd

Company Abbreviation

Myfx Markets

Platform registered country and region

United Kingdom

Company website

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2022-10-04
  • It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months, please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to withdraw

The withdrawal is unavailable in MYFX fraud platform

On March 11st,I opened an account and began to trade next day.On the other day,I applied for the withdrawal of $300.the platform sealed my account,allowing me to look.I argued with the customer service,why you ban my account?What’s the reason for declining my request?They just explained that it was in audit and their email sent on 20th couldn’t account for anything.On 26th,they sent me the email again,saying that I was straddling,and I must sign a document,which only give back the fund.I responded,asking for evidence.Nobody has replied to me till now! What platform it is?

2019-04-01 00:11
Unable to withdraw

Myfx Markets is a scam. When I tried to withdraw, they banned my account.

My MT4 account is 88000200. They said I violated their rules although all my orders were manual orders over several minutes. Obviously, this is a dealing-desk broker since they won’t let me withdraw and banned my account for no reason. Later they found more excuses to ask me to wait. At first when I was getting to know the platform, the customer manager said I can withdraw on Myfx Markets with no limits. I deposited $3000 and earned $5000. In Saturday, I applied for a withdrawal and the customer manager told me at Monday morning that the request is in process. However, at that very afternoon, I failed to log in to my MT4 terminal and found myself banned. I asked the customer manager and the service, who said I violated their rules and it is under checking which will take 1 or 2 weeks to give me reply. But the thing is, they banned my MT4 account and backstage account for no reason, saying that I violated their rules. Obviously they just didn’t want me to withdraw. They told me the head in office is in off hours when I asked them again. But they’ve got another office in Shanghai. Can I just call Shanghai police and let them arrest these people? I looked up online and found that actually Myfx Markets is a white label of FIXI, which has closed. I wonder if they rejected my withdrawal request as they are about to abscond. I called Shanghai police and reported to FCA them and their transaction channel. Here are the proofs. Stay away from this broker.

2019-05-29 05:08
Scam

MYFX markets is a fraud platform

MYFX markets is either offline or disconnected. My capital, profits and commissions added up to 240,000 dollars. It seems that all the money belongs to the platform as soon as it is deposited, and I can do nothing to change the situation. USDCAD short order reached at around 1.335, and USDCAD long order at around 0.698. USDCAD short order should take profit at 6.20, and USDCAD long order at 6.26. There are over 200,000 dollars in my account, unable to be withdrawn. My account was closed too. Be careful everyone!The platform told me over the phone that with few customers in China, they weren’t afraid of me and would not give my capital back.

2019-07-01 01:15
Resolved

I made a profit trading on the dark platform of Myfx Markets

I closed MT4 and background accounts when I earned money from trading on Myfx Markets praud platform. MT4 account:88000185, all the single is more than a few minutes or manual single said I illegal transactions, but it not given profit stated is fraud platform bet please stay away from it, there is no evidence to seal in advance, I will find any reason to shout me wait 1 to 2 weeks when just beginning to understand the platform customer manager said Myfx Markets traded without any restrictions can be withdraw, the gold $2800 profit more than $3400 week 6 proposed capital Monday morning then asked customer manager said the money has been waiting to audit accounts, but at noon login MT4 and background have been closed also can't log in,Ask customer manager and customer service directly say I violate trade LP is checking me to violate trade to need to wait 1 to 2 weeks answer, but premise does not have evidence to say I violate trade to still close me MT4 and backstage directly, make clear is profit does not withdraw.How ask headquarters said Australia has been off work, but the office is in Shanghai, if I was police took the police directly to Shanghai office directly to catch black platform, ascertained that Myfx Markets is wo to AR FIXI parent put brand, but the parent company have closed, is going to run the platform, did not give me a gold in Shanghai directly claim FCA and directly report to the police they pay channels, please exchange your third eye chakra can help investors, below is the figure of evidence, please stay away from the fraud platform to make money

2019-03-26 00:38
Others

An unreliable broker

The contact information of the "Contact Us" section you want to spread is as follows. Address: 1a Wakeling Avenue, Te Atatu South, Auckland, 0610, New Zealand Tel: +64 9 889 4022 Email: customer.service@myfxmarkets.com The address is Auckland, New Zealand. Checking this address in Google Street View, it looks like a residential area, as shown in screen 1 below, but it is not very, but I think this address does not actually exist for foreign exchange traders. In addition, after checking the registration of New Zealand as a financial institution, it was found that the registration of the financial institution has been cancelled on the New Zealand Financial Service Provider Registration (FSPR) website. Registration was cancelled on May 9, 2015. Screen 2 If you check the legal person registration from here, it also seems to be considered deleted (registration cancelled). The deregistration time is June 20, 2017, which is more than two years after the deregistration of the financial institution. Screen 3 The reason for the cancellation of registration is not stated, but I think the contractor who received the cancellation of registration is not credible.

2021-06-30 16:03
Unable to withdraw

My work in Myfx Markets fraud platform

I applied to be a salesman at Myfx Markets in April 2018. I have pulled my previous customers into here,they making losses and profits. But at the end of the year, the platform's parent company, FXIX, went bankrupt, and many people wanted to withdraw money. Since the dealing-desk parent company collapsed. The platform was to lay off some employees and the boss claimed to do business in Australia.Actually,he was just to abscond to Australia. It owed me 2 months of commissions,up to hundreds of thousands of money, and 2 months of salary, saying that if I didn’t work for it,I wouldn’t get my commission.So I have to rent a room around Nanjing Road in Shanghai to maintain my clients.This single room became the office of the so-called Myfx Markets office in Shanghai. I was both customer service and salesman during that time, asking the boss for salary and commission.The boss said that it would be handed to me as long as the asset was audited. He told me that such a large platform wouldn’t treat me badly,asking me to work hard.But I have never believe.I just want to withdraw all my clients’ funds.The boss said that the client’s funds are too large to be transferred immediately,while it has not arrived yet for half a year. The day was uncomfortable,clients chasing debts.I showed the chatting with clients to the boss.Claiming to control risk,he sealed all clients’ accounts and MT4 with the reason of illegal trading.I was pulled in both directions.Exposing this,I just want to get my part and clients’ fund back.Hope boss of the platform not act this way and investor stay away from it. Everyone can see that there are a lot of complaints on WikiFX and Foreign Exchange 110. Clients are threatened to delete these exposures,or they will never get their money.The person in charge, Yuan Shuofang and Hu Zhiqiang. My name in Myfx Markets is Yang jie Real name: Yang jie Mobile phone:13764516945 QQ:114249465628

2019-04-04 18:18
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