Thread: What traders say about MX trade on Forex peace army

MX Trade : Not returning Customer funds.

I started with MXTrade.com on in mid Aug-2016. My MT4 account id is : 8080714. On 4th Sep, Sunday, when market is closed, and all my open trades and pending trades got closed. When I asked MXTrade how can my trades get close on Sunday when market closed, they did not have any answer. So I decided to quite and withdraw my money. I raised a fund withdrawal request on their website and emailed MXTrade many times. They are not returning my money and not responding my emails. Be away from MX Trade. Along with me I personally know 2 more customers of MXTrade who are suffering from same issue. If you want detail of those customer please contact me I can share those with you. I don't want any one to suffer from MX Trade.
At this point of time, MX trade is not FCA regulated and MX trade licence is registered in Belize which is a small country in eastern coast of Central America. It doesn't have any value.

Thanks for sharing. It will definitely increase awareness among traders. Forex being the decentralized market has some difficulties to work. One of such difficulty is the existence of scam brokers. Broker is the medium between the traders of currency exchanges. But when the trading platform we believe to work with is a scam, it is very unfortunate to believe. However, you have understood the fact sooner and you are now free from its hand.