Abstract：Is your MBFX withdrawal request pending even after months of raising it? Has the broker defrauded you? Does the broker keep changing spreads to pile losses for you? Have you lost due to its copy trading activities? Is the customer support service silent to your trading queries? Many traders have called out the broker for these alleged wrongdoings. In this MBFX review article, we have highlighted these trading concerns. Read on!
Is your MBFX withdrawal request pending even after months of raising it? Has the broker defrauded you? Does the broker keep changing spreads to pile losses for you? Have you lost due to its copy trading activities? Is the customer support service silent to your trading queries? Many traders have called out the broker for these alleged wrongdoings. In this MBFX review article, we have highlighted these trading concerns. Read on!
Explaining the Top Forex Trading Complaints Against MBFX
The Poor Copy Trading Experience
A trader reported a poor copy trading experience with MBFX while also criticizing its withdrawal process. Frustrated by this, the trader shared this negative MBFX review on WikiFX, the worlds leading forex broker regulation inquiry app.
The Constant Spread Change Allegation
A trader highlighted a wide range of trading manipulation, including constant spread changes by MBFX and drawdown count intimations at the days close, but closing the trade before it. Here is what the trader said when sharing the MBFX review online.
The Delay/Denial of Even Small Withdrawal Application Amount
Traders even struggle to get small withdrawals released to their forex trading accounts. A trader, sometime ago, requested withdrawals of just $100 per transaction. However, the broker did not process the transaction even after 15 days. As per the trader, the MBFX withdrawal application was not even for the profit amount. Instead, it was the amount the trader deposited a year ago. The incident contradicted the brokers statement of withdrawal processing within 48 hours of requesting. The screenshot below perfectly captures the frustration the trader faced when seeking withdrawals of a small amount.
MBFXs Excessive Fund Withdrawal Delays
A trader recently reported his intention to test MBFX with a few trades. It was all good until the trader sought MBFX withdrawals. The delay has been as long as 134 days, offering the trader the worst experience he could have hoped for, his statement hints. Further, the trader urges others to read the MBFX reviews carefully before going ahead with it. The screenshot below is not a complaint alone; it is a reflection of the frustration the trader had when trading with this forex broker.
Poor Customer Support Service on Withdrawal Requests
Traders constantly witness silence from MBFX customer support officials when asked about the withdrawal status. The situation remains the same even if the MBFX withdrawal request remains pending for 15 days or more. In one such complaint, the trader, while narrating this, also claimed that one is sure to lose funds when trading through this forex broker. Check out the full MBFX review by the trader.
No Commission to IB, No Withdrawals Allowed for its Clients
In an explosive review, an Introducing Broker (IB) hired by MBFX has alleged that the broker did not pay him his commission for the clients he brought to the platform. The IB even claimed that MBFX did not allow clients to withdraw funds. Instead, the broker accused his clients of fraudulent trading. Here is the full MBFX review on this critical trading issue.
MBFX Review by WikiFX: Briefing the Brokers Score & Regulation
After carefully studying the complaints against the Saint Lucia-based forex broker, the WikiFX team checked its regulatory status to know how safe investors are with it. Upon investigation, the team found that the broker did not have a license from a competent financial authority. The no-license tag puts the broker under immense scrutiny and raises investment security issues for traders. Keeping all these in mind, the WikiFX team gave MBFX a score of 2.03 out of 10.
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