After successfully verified, open a trading account and claim the bonus by contacting customer service via Live Chat, if approved MEX Chase Finance will add funds to your trading account. Evidently the decision our LP made was to void ALL trades that were executed within those time frames, which means a lot of trade losses as well as profits, conveniently clients don’t mention trade losses being voided.
This trading platform is ideal for Introducing Brokers and traders seeking a no-frill trading experience. MEX voided our trading profits made on 5 September 2018. We wish to emphasize that all our trades on GBP pairs were legitimate trades based on market price action to the UK Brexit. Similar trades were placed and honored by other brokers. However, MEX told us that they voided swing trading strategies our trades because their liquidity provider voided their trades. This is rather absurd because we were made liable and to suffer for something which we did not commit and which was not even our fault to begin with. For a sizable amount of trading profits, there was neither any compensation offered by MEX nor any offer to adjust the traded prices to an acceptable level.
- He consistently demonstrates an unrivalled level of friendly and prompt professionalism.
- Similar trades were placed and honored by other brokers.
- The Australian Securities and Investments Commission is an independent Australian government body that acts as Australia’s corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry.
- The FPA is not equipped to determine which new posts and reviews are or are not in violation of this order.
- Why would any legitimate corporation risk millions of dollars to make millions of dollars for any investor whose funds were stolen by a third party .
- LexaTrade offers traders a variety of convenient and secure ways to deposit and withdraw funds, mainly through debit cards, credit cards, wire transfers, UnionPay, FasaPay, Skrill, and Neteller.
Evidently, the decision our LP made was to void ALL trades that were executed within those time frames, which means a lot of trade losses as well as profits, conveniently clients don’t mention trade losses being voided. I understand that a broker’s online reputation is paramount to their growth; yet in saying that I respect this truly has to reflect the standard of service and integrity which the broker provides to the market. I am a firm believer that we as brokers don’t have a purpose without our clients, their value should always be appreciated as our client’s perception of us paves the way for our growth in the market. Trade rating of WikiFX was based on WikiFX investigating system, which detect how the investors from worldwide query platforms trade their foreign exchanges, and exclusive data model, which was created by a professional team of forex brokers identification. For your convenience, WikiFX adopts the following rating system, along with rating instructions.
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Very Happy With Mex
Tyson handles our business and manages our clients with realistic expectations. He consistently demonstrates an unrivalled level of friendly and prompt professionalism. I’m a Trader for a company that has been using with MEX Australia for a year now. Our clients deal with them on a daily basis and have always reported good experiences back to us. Let other traders know if this service is worth checking or should be avoided. Therefore I would like to put my hand up and step in to offer my availability to anyone that would to like to have a chat and provide me the opportunity to restore some faith and address any uncertainty that might be associated to MEX. I started my career in the retail FX market in 2010, working for one of the largest Australian owned brokers and served a tenure of six and half years.
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¿Is the broker Mex Asset Management (aka LexaTrade.com) really trustworthy? ✅ Is it safe for you to invest your money with this company? ❎ In this section we will analyze the company and its reputation as such on the internet. As we use a significant amount of 3rd party services and technology, we like any business can experience issues from time to time. Foreign exchange, precious metals and over-the-counter contracts are leveraged products, which have high risks and may lead to losses of your investment principal.
But to summarize, I trade around volatile times, and MEX decided to cancel profits of over EUR without giving me a good reason, They simply said the LP did not honor trades, but I am trading with MEX not another entity. They say they present no deposit bonus, but when I asked them for it they were gone. They have been offline since then and don’t reply to my email any more.
Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse. In addition to regulating financial and ancillary services, the DFSA is responsible for supervising and enforcing anti-money laundering and counter-terrorist financing requirements applicable in the DIFC. The DFSA has also accepted a delegation of powers from the DIFC Registrar of Companies to investigate the affairs of DIFC companies and partnerships where a material breach of DIFC Companies Law is suspected and to pursue enforcement remedies available to the Registrar.
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The FPA is not equipped to determine which new posts and reviews are or are not in violation of this order. The FPA will also not run a review page or discussion thread that does not permit reviewers to discuss and question all aspects of a company. MultiBank Exchange Group has been established for over 20 years and is one of the world’s largest CFD and Forex dealers. LexaTrade has operations in the United States, Germany, Australia, England, China, Cyprus, the Cayman Islands, and the Virgin Islands. Chase Finance is currently regulated by the Australian Securities and Investments Commission , the Virgin Islands Financial Services Commission , and the German Federal Financial Authority . Regulatory Index A quantitative assessment of the level of broker regulatory by the WikiFX compliance and audit team, through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. WikiFX only provides the legal URL of the platform published by the regulatory website.
ASIC’s authority and scope were determined by the Australian Securities and Investments Commission Act, 2001. Prior to 2002, in Germany the regulation of the financial industry was undertaken by three separate agencies. In May 2002 BaFin lexatrade website was formed, following the passing of the Financial Services and Integration Act. The aim of the Act and the merging of the three agencies was to create one integrated financial regulator that would be able to cover all financial markets.
You need to consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Firstly I wanted to try and see if the lowest spreads they are offering is true. I started ECN trading with them and made good money in first 6 months. There were vew problems which their technical teams solved for me on time as their customer service is easy to access through live chat on their website. I don’t know why this broker has been reviewed like thsi on this forum.
It focuses on the regulation of conduct by both retail and wholesale financial services firms. The Australian Securities and Investments Commission is an independent Australian government body that acts as Australia’s corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.
Prime brokers receive raw price feed exclusively through our ECN connection. State-of-the-art trading platforms that are designed and developed to provide stability and enable real-time trading. The simplest way to manage your transactions, funds At MultiBank Group, we are committed to providing transparency and the highest level of clients’ funds security. With licenses and regulations across 4 continents, we work with financial regulators across various jurisdictions to provide investor protection. During promotion period, new clients will be eligible to receive the gift when the initial deposit reaches $5000 or above and complete the required lots within 2 months since the first deposit. Your EAs can be integrated into any MultiBank MT4&5 platform without restrictions to perform automated trades and place orders at any time. The Multi Account Managers software provides professional traders and asset managers with a user-friendly interface and manage several trading accounts simultaneously.
I have been trying to get my Omega account wired for months to no avail. ✔️ If we talk about regulation, the broker Mex Asset Management is regulated in several places, by authorities such as CNMV, ASIC, BaFIN, DFSA, FMA and FSC.
It is my fifth year with them and I am quite happy with the results and my clients are also happy. The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial ICO (cryptocurrencies) Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom.
Opinions And Information About The Broker Mex Asset Management
MultiBank Group invites you for two inspiring days dedicated to all things online trading and fintech. Get unparalleled access to the world of forex, shares, crypto, and the likes and discover the benefits of trading with MultiBank Group. Easily monitor customer engagement, conduct quality control, and supervise agents. Have full knowledge about cutomers’ shopping carts during a chat. Provide contextual support to turn visitors into customers. See information about returning customers, add chat transcripts to Deals. Add a live chat feature to your store and watch your sales grow.
The published content is also based on fairness, objectivity and fact. WikiFX doesn’t ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
I still haven’t received my wire, and the majority of my funds were deposited after the so called “ACM” theft. These funds I got from a settlement after a car accident left me paralyzed from the chest down. They were a replacement of my legs, and I knew I had to have my money make money, because my body couldn’t. Through this investment, another one introduced to me by Cliff Oram , and a third where a partner used company funds for his personal life, I am finished.
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If the data published by WikiFX are not in accordance with the fact, please click ‘Complaints ‘and ‘Correction’ to inform us. LexaTrade offers traders a variety of convenient and secure ways to deposit and withdraw funds, mainly through debit cards, credit cards, wire transfers, UnionPay, FasaPay, Skrill, and Neteller. MultiBank Group was established in California, USA, in 2005. Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million. Since its launch MEX Group has evolved into one of the largest financial derivatives companies worldwide, with a current paid up capital of over US $322 million. Send SMSes to your customers, without leaving LiveChat app. Add a new communication channel to your customer service with no coding required.
™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. MEX Australia is constantly optimizing our infrastructure to improve the user experience for our clients and its disappointing to read unilateral statements on a very unfortunate infrastructure issue that we as firm experienced along with our clients via a 3rd party provider. If you intend on making profits with this broker keep in mind they will cancel profits as they see fit.
MultiBank offers customers direct access to banks and exchanges through its advanced trading platforms. MEX Group’s Educational Center will update news and major events affecting the global market economy on a daily basis. MEX Group equipped with a number of experts in FOREX trading and a diversified educational knowledge base, providing our customers with a great competitive advantage.
Stay away from them if you don’t want to lose your money. I personally have been strategically creating marketing plans and sales funnels supported by helpful trading tools to improve our user experience. The content of this website shall be governed by the law of the Hong Kong Special Administrative Region of the People’s Republic of China top trading platforms 2020 (“Hong Kong”) and you agree to submit to the exclusive jurisdiction of the Hong Kong courts. MultiBank Group maintains 25 offices worldwide catering to an international client base and partners with affiliates in major financial hubs around the world. Ideal for traders looking for an ECN experience without high investment commitment.